Cryptocurrency markets seem to be recovering today, although Bitcoin hardly moved that day and remained at about $ 9,800.
Still, the market capitalization of cryptocurrencies has changed to $ 14 billion, marking a new revival of altcoins.
ETHEREUM ON THE CHARGE
According to Tradingview.com charts yesterday, Ethereum hit a low of just under $ 245, about 15% below its 2020 low.
Today in bull territory prices are rising again and resistance is trading again at $ 270 in the last hours of trading. This corresponds to a significant 10% increase in the last 24 hours.
ETH prices 1 hour chart - Tradingview.com
A 50-day moving average has not been reached, indicating that the uptrend is still very strong. ETH is currently at a support / resistance level, this will be in 2019. May - July Hit four times, and $ 300 is the next target higher.
The breakthrough will cause the second most popular digital asset in the world to return to support for about $ 240.
The end of the ETHDenver event was short, as there were many changes on the dApp side and the protocol. In addition, co-founder Vitalik Buterin is still confident that the first stages of Serenity will be released this year.
Each week presents innovative customer optimization, large test networks, and a growing community of informed stakeholders looking to start building the Beacon chain.
Recently, a lot of DeFi FUD programs have appeared, most of which were from Charlie Lee and Bitcoin Maxi. This can be seen as evidence of how fast the ecosystem is growing, since a year ago no one paid special attention to it.
Following the recent suspension of bZx smart contracts to prevent the use of instant loans, the entire US dollar-locked DeFi level has fallen again. It is currently worth $ 1.15 billion, according to defipulse.com.
Block games based on Ethereum are also gaining popularity: recently, virtual land sales have exceeded $ 200,000. Sandbox (TSB) has just announced that its second resale, worth 800 ETH, was sold out within four hours. The demand for non-replaceable Ethereum tokens is also highlighted.
Overall, Ethereum has grown 100% since the start of the year and much remains to be done.