Ethereum is currently on bearish momentum. At 06:05 EST on Thursday, 21 January, Ethereum is at $1,250.38 and down by 4.5% in the last 6 hours.

Ethereum Range

Over the last six hours, Ethereum’s higher value was $1,312.91 and the lower value was $1,250.38.

Over the last twelve hours, Ethereum’s higher value was $1,382.68 and the lower value was $1,250.38.

In relation to Ethereum’s daily highs, it’s 9.568% down from its trailing 24-hour high of $1,382.68

About Ethereum’s yearly highs and lows, it’s 1213.7% up from its 52-week low and 12.701% down from its 52-week high.

Volatility

Ethereum’s last day, last week, and last month’s average volatility was 0.36%, 2.98%, and 2.99%, respectively.

Ethereum’s last day, last week, and last month’s high and low average amplitude percentage was 13.07%, 11.57%, and 12.39%, respectively.

Last news about Ethereum

Ethereum May surge sevenfold to $10,500, fundstrat global says. According to Bloomberg Quint on Wednesday, 20 January, "Strategist David Grider’s prediction is based in part on the popularity of the related Ethereum blockchain for so-called decentralized finance applications. "

Ethereum has exploded past $1,430 to set a new all-time high, outperforming Bitcoin's year-to-date gain of 26%. According to Business Insider on Wednesday, 20 January, "The price of Ethereum shot past $1,430 on Tuesday, hitting a new all-time high for the cryptocurrency powering the world’s largest smart contract platform.", "Over $25 billion worth of crypto assets have been locked into DeFi applications built on Ethereum over 2020, according to DeFi Pulse. "

Why this analyst can see ethereum skyrocketing to $10,500. According to Business Insider on Thursday, 21 January, "Why It Matters: Ethereum has outperformed Bitcoin (BTC) in 2021 so far, hitting an all-time high of $1,432.44 earlier this week.", "Besides the rise of DeFi apps, Ethereum is also likely to benefit from its network upgrade that would allow it to process as many transactions as Visa Inc. (NYSE:V) or Mastercard Inc. (NYSE:MA), Grider noted."

News about Bitcoin

Bitcoin retreats from $40,000 level strategists view as key. According to Bloomberg Quint on Monday, 18 January, "The pattern of demand for Bitcoin futures and the $22.9 billion Grayscale Bitcoin Trust will help determine the outlook, they added.", "The flow into the Grayscale Bitcoin Trust would likely need to sustain its $100 million per day pace over the coming days and weeks for such a breakout to occur," the strategists wrote in a note on Friday."

A record $3.7 billion in Bitcoin options are set to expire on January 29 as interest in cryptocurrencies surges. According to Business Insider on Monday, 18 January, "Yet the Bitcoin price is highly volatile, regularly swinging more than 10% each day. ", "Options contracts worth around 101,000 Bitcoin – or $3.7 billion at Monday’s prices – are to to expire on January 29, bybt.com’s data showed, although not every option will result in a trade. "

Coinshares is starting an exchange-traded Bitcoin product. According to Bloomberg Quint on Monday, 18 January, "The CoinShares Physical Bitcoin product will go live on Jan. 19 and be listed under the ticker BITC on the SIX Swiss Exchange. ", "CoinShares, a St. Helier, Jersey-based asset manager, is launching an exchange-traded Bitcoin product amid a fierce rally for the world’s largest digital currency."

JPMorgan sees Bitcoin crossing $40k again in coming weeks, if this key condition is met. According to Business Insider on Tuesday, 19 January, "Read Next: Bitcoin Rally Pause Gives DeFi, Smart Contract Cryptos The Time To Shine", "JPMorgan analysts see Bitcoin (BTC) continuing on its rally above the $40,000 mark, if the Grayscale Bitcoin Trust (OTC:GBTC) continues to sustain inflow above the $100 million mark every day in the coming weeks."

Bitcoin profit review : comprehensive sign up guide for Bitcoin profit app. According to Business Insider on Tuesday, 19 January, "These features are Bitcoin Profit’s accurate and precise performance, its superior technology, responsive trading systems, stop-loss limits and online security. ", "Once deposited money is in Bitcoin Profit account, traders can start making a profit daily with the chance to reinvest that money to keep increasing profit. "

Bofa clients with $561 billion say Bitcoin is most crowded trade. According to Bloomberg Quint on Tuesday, 19 January, "For the first time since 2017, Bank of America Corp. clients with $561 billion combined say Bitcoin is the world’s most crowded trade as speculative euphoria hits Wall Street."

A $3 billion digital-asset investing trailblazer just launched an exchange-traded Bitcoin product in the midst of the cryptocurrency's wild rally. According to Business Insider on Tuesday, 19 January, "CoinShares, one of the earliest digital asset investing firms, said on Tuesday it had launched an exchange-traded Bitcoin product.", "The CoinShares Physical Bitcoin Product is set to be listed on Switzerland’s main stock exchange under the ticker symbol BITC. "

Bitcoin and U.S. tech stocks are the biggest market bubbles right now, investors say. According to CNBC on Tuesday, 19 January, "When asked specifically about the 12 month fate of Bitcoin and Tesla – a stock emblematic of a potential tech bubble – a majority of readers think that they are more likely to halve than double from these levels with Tesla more vulnerable according to readers," Deutsche Bank said."

Far right groups get Bitcoin windfall weeks before capitol riot. According to Bloomberg Quint on Tuesday, 19 January, "The entities’ normally anonymous encrypted Bitcoin addresses were public, making it relatively easy to trace the payments over the online ledger known as a blockchain that includes all the peer-to-peer transactions, Chainalysis said.", "Last week, European Central Bank President Christine Lagarde said Bitcoin had been enabling "funny business."

Bitcoin surge built on market exUberance, momentum trading. According to Bloomberg Quint on Wednesday, 20 January, "Since October 2020 — the starting point of the latest Bitcoin cycle — about 60% of returns can be explained by exuberance in the wider market and momentum trading, according to Bloomberg Economics’ structural empirical model which exploits the co-movement of prices for Bitcoin and other assets to determine what factors are driving the ups and downs of the digital currency. "

Bitcoin slides below $35,000 as crypto mania loses momentum. According to Bloomberg Quint on Wednesday, 20 January, "The Bitcoin fever is starting to break as worries about a market bubble discourages investors from buying in.", "Analysts have pointed to $40,000 as the key level that Bitcoin needs to surpass in order to draw fresh money from investors riding cryptocurrency momentum. "

We spoke to crypto platform gemini, which is backed by the winklevoss twins, about Bitcoin, how to use stable coins and why regulation won't kill the boom in digital currencies. According to Business Insider on Wednesday, 20 January, "The Winklevoss twins have famously said they see a case for Bitcoin hitting $500,000, on the grounds that it is set to become the classic inflation hedge, taking the mantle from gold.", "Above-ground gold is valued – conservatively – at around $9 trillion, meaning if the twins are right about "using a gold framework to value Bitcoin, and Bitcoin continues on this path, then the bull case scenario for Bitcoin is that it is undervalued by a multiple of 45," they said."

Bitcoin sinks below $34,000 as sell-off cuts into early-January momentum. According to Business Insider on Wednesday, 20 January, "Flows into the Grayscale Bitcoin Trust and futures contracts can serve as early indicators of whether such support can be reached, he added.", "The software CEO-turned Bitcoin whale explains why he is making such a massive bet on the digital asset."

BlackRock files to add Bitcoin futures to two of its funds. According to Bloomberg Quint on Wednesday, 20 January, "BlackRock Inc. is adding cash-settled Bitcoin futures as an eligible investment to two funds, according to regulatory filings.", "The world’s largest asset manager filed updated prospectuses for two funds on Wednesday with the U.S. Securities and Exchange Commission that included cash-settled Bitcoin futures among the assets they can buy."

Bitcoin falters for a second day, slides below technical level. According to Bloomberg Quint on Thursday, 21 January, "That drop did, however, precede a seven-week run that helped propel Bitcoin into its current bull rally."

LEAVE A REPLY

Please enter your comment!
Please enter your name here