(Last Updated July 2, 2020)
Hello! This is the news page for Ethereum. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
A trend/countertrend situation exists on ETH, in which a downtrend exists on shorter timeframes but an uptrend appears on the 90 day timeframe. As such, traders with short positions should be aware of the uptrend in place on the longer timeframes.
The moving averages on ETH indicate a trend that is clearly bullish. Moreover, it should also be noted that the 20 SMA just turned bullish today.
The chart below illustrates.
On a relative basis, ethereum was the worst performer out of all 5 of the assets in the top cryptos asset class during the previous day.
As we are about to distribute the 1st airdrop tokens, you can start leaving here your ethereum addresses.
To interface with the ethereum network in a way that allows you to validate blockchain data independently, you need to run a full node using software like the ones mentioned above.
The change in price came along side change in volume that was up 53.93% from previous day, but down 48.5% from the wednesday of last week.
An ethereum node can be anything from a simple mobile phone wallet application to a computer that stores an entire copy of the blockchain.
The omg network operates as the transaction signer for the contract, meaning every transaction on the omg network is relayed to mainnet at each block….
Traders will also want to note, though, that a counter trend — meaning a trend going down — can be seen on the 30 day timeframe.
Out of the 5 instruments in the top cryptos asset class, ethereum ended up ranking 2nd for the day in terms of price change relative to yesterday.
Here we were given the tokens so there was no entry, with the reason perhaps because these tokens were already deposited into the contract or because of a very special function that tokens have….
The price move occurred on volume that was down 33.36% from the day prior, but up 94.58% from the same day the week before.