Today, we’ll look at major developments contributing to bullish fundamentals underlying ETH price, as well as reasons why BSC and Cardano do not, as of yet, pose a real threat to Ethereum.
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Last week’s piece highlighted the competition Ethereum was facing from the BSC network, indicated by the rise in BNB price. Today, we’ll look at the factors underlying Ethereum price as well as other competitive networks.
Ethereum reaches peak congestion as users begin experimenting with other smart contract platforms and Nyan Cat NFT sells for $600K.
Last week’s preview made the case for an extended bull run due to the strong fundamentals underlying both ETH and the wider crypto market. Since then, we’ve seen many high-profile announcements of institutional crypto adoption taking awareness of crypto to new and unprecedented heights.
ETH price pulls back from its all time high as CME Group launches Ethereum futures contracts.
Our latest report covered the onset of a new stage of price discovery and adoption for ETH following an all-time high in price. ETH fundamentals continue to show strength as price hovers in the mid-$1,300 range. Let’s take a look at the factors and influencers playing a role in ETH price action.
Our latest report covered the emerging data pointing to a bull run. Last week, ETH broke a new all-time high, entering a new era of price discovery and adoption.
Our latest report covered regulatory milestones with banks greenlit for stablecoin use, followed by upward price action. Over the past week, more promising news in the crypto banking and regulatory sectors has emerged, painting a positive picture for ETH bulls.
ETH has grown over 620% in value since this time last year. Let’s take a look at the market forces behind the current bull run, as well as potential areas of support and resistance that may crop up over the coming week.
Ethereum is closing out 2020 in emphatic style with a sharp rally above $730 following an equally impressive run by Bitcoin last week. These price levels for Ethereum have not been seen since a fleeting moment in May 2018, which ended with the collapse of a massive speculative bubble.