• Latest
  • Trending
  • All
Ethereum Price: ETH Jumped 10% Over the Weekend, What Next?

Ethereum Price Tilts Slightly Higher as Focus Shifts to Fed Speakers

May 16, 2023
Bybit Secured License as Digital Asset Provider in Kazakhstan 

Bybit Secured License as Digital Asset Provider in Kazakhstan 

June 8, 2023
New breed of bitcoin NFTs sell for millions

10 Best New Meme Coins to Buy in 2023

June 8, 2023
Announcing the Client Incentive Program

Update on the partnership between EF and UNICEF

June 8, 2023
Why Litecoin might falter at this bearish zone

Why Litecoin might falter at this bearish zone

June 8, 2023
ZUM TOKEN (ZUM) has a Bearish Sentiment Score, is Falling, and Underperforming the Crypto Market Thursday: What’s Next?

ZUM TOKEN (ZUM) has a Bearish Sentiment Score, is Falling, and Underperforming the Crypto Market Thursday: What’s Next?

June 8, 2023
Ethereum Rival Takes Hit As Institutional Investors Sell-Off Crypto Holdings: CoinShares

Ethereum Rival Takes Hit As Institutional Investors Sell-Off Crypto Holdings: CoinShares

June 8, 2023
Bitcoin holds as market reacts to SEC drama

Bitcoin holds as market reacts to SEC drama

June 8, 2023
Binance Attorneys Say SEC Boss Offered to Be Advisor to Crypto Company in 2019

Binance Attorneys Say SEC Boss Offered to Be Advisor to Crypto Company in 2019

June 8, 2023
The Bitcoin Reward Will Be Cut In Half Soon, And Only The Best Miners Will Be Able To Keep Up

The Bitcoin Reward Will Be Cut In Half Soon, And Only The Best Miners Will Be Able To Keep Up

June 8, 2023
Best Altcoins to Buy in Meme Coin Season

Best Altcoins to Buy in Meme Coin Season

June 8, 2023
Ethereum likely to descend to this key level soon

Ethereum likely to descend to this key level soon

June 8, 2023
TMS Network Sees Continued Investment Interest, Litecoin (LTC) Surges & Cardano (ADA) Deploys New Smart Contract Toolset

TMS Network Sees Continued Investment Interest, Litecoin (LTC) Surges & Cardano (ADA) Deploys New Smart Contract Toolset

June 8, 2023
Thursday, June 8, 2023
DLT EMPIRE
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Crypto Mining
  • Dogecoin
  • Litecoin
  • Market
No Result
View All Result
DLT EMPIRE
No Result
View All Result
Home Altcoin

Ethereum Price Tilts Slightly Higher as Focus Shifts to Fed Speakers

by Cuevas Antonio
May 16, 2023
in Altcoin
0
Ethereum Price: ETH Jumped 10% Over the Weekend, What Next?
491
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter


Ethereum price has been within the inexperienced for 2 consecutive days however just isn’t out of the woods but, because the altcoin stays beneath the essential $1,900 degree. On the time of writing, ETH was buying and selling 1.51% increased at $1,826.50. Regardless of the present slight enchancment within the asset’s worth, Ethereum stays 2.38% decrease prior to now week and 15% beneath its highest degree this 12 months. The asset’s complete market cap, in addition to its quantity, has improved during the last day.

Ethereum worth has been setting the trail for each main and minor altcoins within the crypto market, seeing that the majority altcoins transfer in tandem with ETH’s efficiency. The Ethereum worth has been buying and selling round $1,800 for the previous few days amid uncertainty concerning the place the market would go. Ethereum, the most important altcoin by market cap, has plunged greater than 10% prior to now few days.

Issues by buyers in regards to the coin’s losses may have pushed the ETH worth decrease. Even so, optimism out there has outweighed concern, stopping a drastic downfall of the asset. Many of the concern out there was seen within the whales, who appeared to have bolted on the first sight of a possible downward trajectory.

The cryptocurrency market was within the inexperienced on Monday, hinting at a restoration on the again of a weak US Greenback. Information by Coinmarketcap exhibits that the worldwide crypto market cap elevated by 1.69% during the last day to $1.14 trillion, whereas the overall crypto market quantity soared 43.15%. The US greenback fell barely on Monday, slipping from its 5-week excessive. The greenback index, which measures the buck in opposition to six main currencies, fell to $102 on Monday, slightly below its five-week excessive of $102.75.

All eyes might be on FOMC member, Neel Kashkari, the President of the Federal Reserve Financial institution of Minneapolis, later within the day. Traders might be searching for hints about what to anticipate from the financial system and the central financial institution coverage. Billionaire hedge fund supervisor, Paul Tudor Jones, stated on Monday that he believes the Federal Reserve has completed elevating its rates of interest.

Ethereum worth has skilled vital volatility prior to now few days, amid a slowdown within the asset’s liquidity. ETH stays 52.64% increased within the 12 months so far, however its costs stay risky. The asset has been underneath intense strain for the previous few weeks, transferring beneath the downward trendline highlighted in yellow.

Alongside the way in which, the Ethereum worth has moved beneath the 50-day exponential transferring common and the 50-day easy transferring common. Nevertheless, its Relative Power Index (RSI) has moved barely increased however stays beneath the impartial zone, whereas the Shifting Common Convergence Divergence (MACD) indicator stays bearish.

Consequently, the Ethereum worth is prone to recuperate barely earlier than falling additional. If this occurs, the subsequent help ranges to look at might be $1,769.05 and $1,726. However, a transfer previous the essential degree of $1,900 will invalidate the bearish thesis.

ETH Value Chart





Source link

Tags: EthereumFedFocusHigherPriceShiftsSlightlySpeakersTilts
Share196Tweet123Share49
Cuevas Antonio

Cuevas Antonio

  • Trending
  • Comments
  • Latest
Rise of AI-Powered Cheating: Challenges and Solutions for Educators

Rise of AI-Powered Cheating: Challenges and Solutions for Educators

March 20, 2023
Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried

Former FTX US President Reportedly Quit After ‘Protracted Disagreement’ With Bankman-Fried

April 10, 2023
What is Cloud Mining and How Does it Work?

What is Cloud Mining and How Does it Work?

April 10, 2023
Silicon Valley Bank: Bitcoin investors in panic as market goes sideways

Silicon Valley Bank: Bitcoin investors in panic as market goes sideways

0
24 Crypto Terms You Should Know

24 Crypto Terms You Should Know

0
Bitcoin, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow

Bitcoin, Ethereum, Dogecoin Rally As Team Biden Cushions SVB Blow

0
Bybit Secured License as Digital Asset Provider in Kazakhstan 

Bybit Secured License as Digital Asset Provider in Kazakhstan 

June 8, 2023
New breed of bitcoin NFTs sell for millions

10 Best New Meme Coins to Buy in 2023

June 8, 2023
Announcing the Client Incentive Program

Update on the partnership between EF and UNICEF

June 8, 2023

Recent News

Bybit Secured License as Digital Asset Provider in Kazakhstan 

Bybit Secured License as Digital Asset Provider in Kazakhstan 

June 8, 2023
New breed of bitcoin NFTs sell for millions

10 Best New Meme Coins to Buy in 2023

June 8, 2023
Announcing the Client Incentive Program

Update on the partnership between EF and UNICEF

June 8, 2023

Categories

  • Altcoin
  • Altcoin News
  • Altcoins
  • Artificial Intelligence
  • Bitcoin
  • Blockchain
  • Business
  • Crypto Mining
  • Cryptocurrencies
  • Culture
  • Dogecoin
  • Economy
  • Education
  • Ethereum
  • Featured
  • Governance
  • Litecoin
  • Market
  • News
  • Uncategorized

Converter

Cryptocurrency Prices by Coinlib

© 2023 Dlt Empire | All Rights Reserved

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Blockchain
  • Altcoin
  • Crypto Mining
  • Dogecoin
  • Litecoin
  • Market

© 2023 Dlt Empire | All Rights Reserved