• Ethereum(ETH) has gained power for a move above$1,100 and $1,120 level.
• Ethereum price is now trading over the level of  $1,120 and the 100 hourly simple moving average.
• There is a key bullish trend line forming with support near  $1,120 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair may continue to rise if there is a move over the $1,170 resistance zone.

Ethereum (ETH) Price Gets Support

Ethereum (ETH) is on the other attempt to clear the resistance levels of $1,165 and $1,170. However, bears were active near the $1,170 level.

The recent high was formed near the $1,169 level before a downside correction occurred. 

The price traded below the $1,150 and $1,130 support levels at the time of scripting. 

The price of Ethereum traded below the 50% Fib retracement level of the upward move from the $1,076 swing low to the $1,170 high.

Moreover, Ether is now trading over the level of $1,120 and the 100 hourly simple moving average. 

There is also a key bullish trend line forming with support near $1,120 on the hourly chart of ETH/USD. 

Immediate resistance on the upside is near the $1,150 level.

Technical Indicators

Hourly MACD – The MACD for ETH (Ethereum) /USD is now gaining momentum in the bullish zone.

Major Support Level – $1,100

Major Resistance Level – $1,170

Hourly RSI – The RSI for ETH/USD is now well above the 50 levels.

Read More: Bitgert – Why Is It The Next Ethereum?

The post TA: Ethereum(ETH) Is Gearing For Another Lift Off- Recovery Isn’t Yet Completed appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

• Fast growth and development.
• Key Points Indicator: 
• Ethereum falls back to $1,824 today
• Whales on Ethereum continues to sell

Bitgert Remains Bullish while Alluring the in the Bearish Market

The crypto market has continued to crash, with all the major cryptocurrencies posting the lowest price for the past 11 months. Further, Ethereum is +20% down in the past 24 hours of this writing. The Ethereum price has dropped to $1,824, a price last seen in July 2021 at the time of scripting. 

That’s how bad the Ethereum is doing. 

Though the FED fiscal regulation has driven the massive price drop, the number of Ethereum holders selling today has increased significantly. This also includes the Ethereum whales. That’s why the Ethereum market cap has been dropping fast over the past few days.

Crypto analysts have said that a significant number of Ethereum investors are joining other promising crypto projects. One of the coins experiencing an influx of the Ethereum community members is Bitgert (BRISE). Bitgert is among the few coins that have shown impressive resistance in this bear market, which is why Ethereum investors are joining it.

Unlike Ethereum, this has been performing well in the current bearish market. Bitgert is one of the few cryptocurrencies posting growth in the current bear market. Besides, Bitgert coin has also maintained a stable price as the likes of Ethereum crash.

Here are facts about this blockchain project, making it super attractive than Ethereum.

Facts

The most attractive thing about the Bitgert project is its fast growth and development. It is the fastest-growing blockchain ecosystem. However, what is catching the attention of the Ethereum community is the disruptive products the team is developing. Moreover, this blockchain ecosystem has DeFi, NFT, and Web3 projects.

In addition, the project team has built and launched the BRC20 blockchain. This product is one of the key products for the Bitgert ecosystem. The Bitgert BRC20 is a zero-gas-fee blockchain, one of the biggest reasons it is experiencing massive adoption. The Bitgert chain 100k TPS makes it the fastest blockchain today.

However, the huge list of products in the roadmap V2, the Startup Studio’s 1000+ projects, and the Centcex partnership, which brings more products to the Bitgert ecosystem, are other factors attracting the Ethereum community.

In conclusion, there is a likelihood of the Ethereum price dropping lower as the bearish market persists. This might make more Ethereum community members join the Bitgert project. Therefore, there will be a lot of Ethereum investors joining Bitgert if the market continues to crash.

Read More: No Glad Tidings For Crypto Investors!

The post Bitgert News: Ethereum Community Going for Bitgert After the Market Crash appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Ethereum traded as low as $3,143 and is currently correcting higher.

The price is now trading below $3,300 and the 100 hourly simple moving average.

There is a short-term rising channel forming with resistance near $3,300 on the hourly chart of ETH/USD (data feed via Kraken).

To gain bullish momentum, the pair must clear $3,300 and the 100 hourly SMA.

Ethereum Price USD Eyes Recovery

Ethereum traded as low as $3,143 before the bulls appeared. ETH formed a base above the $3,150 and started a decent upward move.

There was a break above the $3,200 resistance level. Ether price USD was able to clear the 23.6% Fib retracement level of the key drop from the $3,550 swing high to the $3,143 low. However, it is still trading below $3,300 and the 100 hourly simple moving average.

On the upside, an initial resistance is seen near the $3,300 level. There is also a short-term rising channel forming with resistance near $3,300 on the hourly chart of ETH/USD.

The next major resistance is near the $3,325 level and the 100 hourly simple moving average. A clear move above the $3,325 level could even push the price above the 50% Fib retracement level of the vital drop from the $3,550 swing high to the $3,143 low.

If ether price settles above the $3,325 and $3,345 resistance levels, it could start a steady increase. In the stated case, the price could climb above the $3,400 zone. The following key barrier is near the $3,450 level and a connecting bearish trend line.

Fresh Decline in ETH?

If ethereum price USD fails to start a fresh increase above the $3,325 level, it could start another critical decline. Initial support on the downside is near the $3,230 zone.

The next significant support is near the $3,200 level. If there is a downside break below the $3,200 support, the price could resume its decline. In the stated case, the price may even decline below the $3,143 low.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is slowly gaining pace in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 levels.

Major Support Level – $3,200

Major Resistance Level – $3,325

The post Technical Analysis: Ethereum price USD Corrects Losses, Why 100 SMA Is The Key appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

The crypto community and industry have chosen Ethereum as the chain of choice for most blockchain-based decentralized applications. Still, other chains are suitable to handle the workload of decentralized autonomous organizations (DAOs).

Moreover, technical advantages and cheaper transactions have yet to become a significant pull factor from Ethereum Virtual Machine (EVM) chains.

EVM compatibility enables a network to use Ethereum’s security features.

Ethereum (ETH) and its compatible chains have a clear advantage in the number of DAOs compared to any other.

According to data from the blockchain voting platform Snapshot, they house more than 4,200 DAOs and protocols requiring governance participants.

Comparatively, the Solana (SOL) ecosystem has only 140. Though the Cardano has 10 DAOs according to ecosystem tracker Cardano Cube. And the Polkadot (DOT) Substrate says it has just eight.

This is not to discount the fact that among the top 10 DAOs by the number of decisions made over the past seven days, tracker DeepDAO shows that three are based on Solana.

Ethereum’s leg up over the rest may be due to simple yet practical reasons, according to DAO tracker DeepDAO CEO Eyal Eithcowich in emailed responses to Cointelegraph. He attributes Ethereum’s dominance to the fact that it is “the chain where the DAO movement started.”

On the other hand, he pointed to high gas fees as a shortcoming of Ethereum. He added that Solana allows DAOs to make fast and cheap transactions. However, the supporting features and tools in the ecosystem are less robust.”

Other Blockchains Network For the DAO

Additionally, Solana has become vulnerable to infrequent network outages.

The co-founder of the Nonfungible token (NFT) game on the EOSIO-based WAX network Alien Worlds, Saro McKenna, told Cointelegraph last week that she believes EOSIO (EOS) is better for building DAOs.

In her view, Ethereum is too expensive for voting purposes. It was designed to be a “general-purpose blockchain” to handle any number of different tasks.

Gas fees have long been an issue for Ethereum users, but fees have been at their lowest levels since last August in March.

However, the CEO of blockchain consulting firm Koinos, Andrew Levine, had pointed criticisms of EOSIO, which could explain why it falls short of Ethereum’s adoption rate. In February, he wrote that while EOS transactions are virtually fee-less, there is an account creation fee. Furthermore, holding coins on an account is difficult as compared to Ethereum:

“The EOS database is built on something called “memory-mapped files,”. It is another vestige of the Steem design. Moroever, it is an important consequence of which is that it is designable to use the most expensive form of storage possible: random-access memory (RAM).”

The post Is Ethereum Really The Best Blockchain To Create A DAO? appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Inclination for cryptocurrencies

There is no surprise that the investors are incline towards cryptocurrencies. They are among the highly performing asset classes. Moreover, the community of crypto has also rallied around developing asset class, rousing hype about the cryptocurrencies being next great thing to happen in finance.

Bitcoin Vs. Ethereum

Bitcoin was traded initially in 2009. At that time, you could purchase the new digital tokens at the price of 1 cent and even less. Prices took to steep height – although with great volatility over passing years, Bitcoin reached the level of $60,000 which is all-time high.

On the other hand, Ethereum debuted in the year 2015 at price of $3 or less and flew above $1,400 by the year 2018. Ethereum has now traded $3,800 and more.

What should we buy, Ethereum or Bitcoin?

The decisive debate between Ethereum and Bitcoin continues as investments is related with the risk profile of an investor. Both of these have bull catalysts in predictable future as this world becomes highly digital and acceptance of cryptocurrency also grows. Also, Bitcoin is mainstream and quite stable, though the bullish sentiment by experts have grown over last year specifically for Ethereum.

It is also possible that high risk of Ethereum in most investments, brings along potential for high returns and rewards. Both these currencies have sprinted and raced up for past phase of proof-of-concept; this is the right time for the investors who have not yet considered crypto asset class in their portfolio should start taking both Ethereum or Bitcoin seriously.

The post Which Is Better To Buy Bitcoin Or Ethereum? appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

Ethereum’s Ether tokens are expected to go up in coming days as Ethereum is already experimenting and implementing innovative PoS protocols to solve the exorbitant gas price issues. Also, the much awaited Ethereum 2.0 is expected to help overcome the congestion issues on the Ethereum network. 

Up By Over 270% In 2021

Ethereum has been reported to be the highest gainer in 2021, amongst the top cryptocurrencies by market cap. Eth prices have risen by over 270% since January out performing bitcoins. The rise in Ether prices can be attributed to the buzz around Eth 2.0. Also, it is an indicator of the fact that the investors’ confidence in Ethereum’s ability to adapt and evolve has only grown stronger. 

It is expected that the ETH prices will surge further. Experts find it hard to disapprove opinions that claim Eth to hit $5000 by the end of the year. However, given the fast changing dynamics of the crypto market, it would be too early to jump to conclusions.

The post Ethereum Peaks Again, Hits All-time High Of $2719 appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.