Ethereum New ALL TIME HIGH (Again!!?) Huge Crypto News | Ethereum News - ETH, Ethereum Price

Ethereum hit a new all time high earlier this month before correcting back down to support levels. It's, been on the rise since the beginning of the year, surpassing its previous all time. High and doing its thing, well.

, The theory and block chain seems to be continuing its year. Long, bull, run., Welcome back to Crypto Lion where you can get the latest updates about crypto currencies like Bitcoin, Ethereum and other coins.

. We have many videos on this channel that can be educational.. So if you're just starting to learn about crypto currencies, you're in the right place. And if you're, an old timer, we're. Sure there's, something for you here, as well.

. Don't forget to subscribe to our channel and turn on post notifications so that we cannotify you as soon as we have a new video up.. According to Coin Desk 20 data ether at a new record price of two thousand and thirty three dollars up six point: eighteen percent between the 19th and 20th of February, with the market capitalization of the crypto reaching two hundred thirty three point: three billion dollars.

, The cryptocurrency Is up about one hundred and seventy two point five percent year to date, while the price of ether hitting two thousand dollars would normally be something everybody would be talking about.

, It almost certainly will be overshadowed by the numerous milestones reached hours before by the most popular Cryptocurrency Bitcoin., Including hitting a one trillion dollar market value for the first time, and rising almost five thousand dollars in a 24 hour period, but ether's, rising price and surging popularity should not be overlooked.

. At least three growing areas of demand are fueling. The increase in ether's, price. Decentralised finance, Ethereum 2.0 staking and a newly formed institutionally focused either market on the Chicago Mercantile Exchange coin.

Desk. Try to explain the price rise, saying that ether is often compared to oil.. They explain further that Ether Power's; interactions on the Ethereum block chain, which is best known for hosting a variety of DFI apps such as lending trading and prediction.

Markets. Ethereum based applications create a natural utility for ether, as the cryptocurrency is required to settle. Transactions. DFI coins are followed in lockstep with ether, as shown by the DFI Pulse Index.

, That's up eighty three percent in the last 30 days. According to Index, Coop. Staking on the Ethereum 2.0 network is also creating a supply shock of supports for the digital asset.. Ethereum 2.0 is an in progress.

Redesign of the Ethereum network based on a new consensus mechanism called Proof of Stake and Database Sharding.. Some two point: seven percent of ether worth six billion dollars, has been deposited on the Ethereum 2.

0 block chain.. These funds are further logged for roughly the next 12 months.. Another reasonable explanation, according to Coin Desk, is that large investors, such as investment funds, may be interested in gaining some exposure to the cryptocurrency.

. They mentioned that the Chicago Mercantile Exchange launched cash, settled futures contracts for ether on February 8th., The contract surpassed one hundred and sixty billion dollars and aggregated volume within the first week.

, As the CME is one of the oldest and most trusted exchanges in the US. The contract launch there may signal growing institutional acceptance for either. Business Insider Dotcom and an earlier report directly attributed ether's performance to the CME launch.

It reported that the price of a theorems ether hit a fresh record recently and that it was driven by the launch of CME futures a day before the hit. It also didn't fail to mention that a theory all time high coincided with Bitcoin Smashing a new record of forty eight thousand dollars after Tesla revealed a one point: five billion dollar Bitcoin investment, all of which is adding to the momentum of mainstream crypto adoption.

. On the first day of trading ether futures, the exchanges saw nearly 400 contracts traded on its platform.. That equates to about nineteen thousand four hundred Ethereum or thirty three million dollars.

According to coin market cap., The exchange announced its plans to offer trading in Ethereum futures in December., Samantha Yapp, founder and CEO of Yap. Global was quoted to have said that the CMS launch will significantly strengthen the theorems credibility as an asset, just like it did for Bitcoin in twenty seventeen.

. She also said that, while a theorem is often still referred to as Bitcoin's, lesser cousin, there will be a shift in media perception about it with this launch.. Furthermore, according to Gunar JAV CEO at Digital Asset Custody Provider, First Digital Trust.

He believes that the launch could increase price volatility and that a few reasons could contribute to that.. He mentioned that institutions would be able to trade in large volumes, as there is now more interest in digital assets than ever before.

. When the CME launched Bitcoin futures in twenty seventeen, its price dropped from twenty thousand dollars to thirteen thousand dollars. Almost immediately. Separately, with crypto fund manager, Greyscale adding more Ethereum to its trust.

Traders can expect to see a further rise in institutional interest and digital asset futures, especially as no actual delivery of Ethereum occurs on the settlement date, making it easier for institutional players to participate as no digital asset, custodies required.

, Independent Dakoda UK reported a theorems first. All time high this year as one significant price jump for a theorem having started the year below nine hundred dollars., Some history checks showed that, as recently as March 20, 20 etherial was valued at just above one hundred dollars.

After falling from a peak of around one thousand three hundred dollars in January twenty eighteen., However, some cryptocurrency analysts remain bullish about the near-term price of Ethereum, though advise any potential investors to be cautious.

Due to the market's, extreme volatility., Konstantin Anisimov, executive director of London based Cryptocurrency Exchange AIO, said the price is definitely advancing more rapidly than anyone has expected as a theory.

Missing levels that were expected to be seen by Mid-quarter two rather than now.. He also has an earlier prediction that either will hit two thousand two hundred dollars by the end of quarter two or the 30th of June.

. It seems that this might happen even earlier.. Of course, there is never certainty with these things only a decent chance., So we advise investors and traders to be cautious as the world's, two most valuable crypto currencies, the price movements of Bitcoin and Ethereum tend to reflect the wider sentiment towards the Rest of the market.

Over the last week, every single one of the top 75 most valuable cryptocurrency is tracked by coin. Market cap have risen in value with some experience and gains of close to two hundred and fifty percent over the last seven days.

. This has helped boost the combined market, capitalization of all crypto currencies, which also saw a record high on Wednesday morning of one point. Forty two trillion dollars putting it ahead of Alphabet in terms of overall market value.

Tim managing managing director of Digital Capital Management also has his own views.. He stated that one thousand six hundred dollars automatically turns into support, but it won't, be very strong until it holds for a while.

, But he thinks it probably won't.. He also believes that there is some serious support, just above one thousand five hundred dollars and again just above one thousand four hundred.. However, he emphasized that resistance above is much tougher to call on.

The way up to break one thousand six hundred dollars. Every hundred dollars was tough and that will almost certainly continue to be the case. Tim added., The two thousand dollars, will present strong resistance and once the price hits that level there will probably be a significant pause for consolidation.

Edouard, Patel, co-founder and CEO of crypto startup Matrix provided another perspective on the cryptocurrency price movements.. He said that ether has grown rapidly in the last few days and is very likely to hit two thousand dollars.

. He believes the two thousand price level is a big psychological resistance and that, before that, we'll, see Ether's struggle a bit with one thousand seven hundred fifty dollars as well. Ethereum did not perform in terms of price and market Capitalization alone.

Its mining also recorded an all time high.. Recently, the Block Crypto Dotcom, reported that the data collected by the Block research shows that for the first time, etherial miners have brought in more than one billion dollars in revenue for the month of February.

. That includes approximately five hundred and forty one million dollars in the form of transaction fees which miners earn with every new block they successfully create.. The fee income has been buoyed by elevated transaction fees on the Ethereum network, as well as all time.

High price increases this month., The February figure, which is set to grow, given the remaining days of the month. Eclipses January's total and is the highest recorded for the data set.. It also perhaps reflects the surging environment for a theory on mining, as demonstrated by recent GPU shortages and moves by some miners to use hardware built into gaming laptops gaming hardware maker and video formally unveiled plans for dedicated mining hardware.

Last week. Let's. Take a look at how Ethereum is doing against the US dollar. In this chart, and this chart we can see the price of a theorem in an ascending channel.. The chart also indicates that the market's.

Trend is overall, a bullish trend.. We can also see two strong support lines drawn in blue, as well as two resistance lines drawn in yellow.. The higher support line is set at one thousand five hundred, while the lower one set and one thousand four hundred and fifty.

. Similarly, the higher resistance line is at a two K and is indicated as a strong resistance, with a rounded up figure, while the lower resistance line is set at one thousand nine hundred fifty meaning that, in the case of an upward movement from current price, the market May want to reverse at the lower resistance line before it reaches the two mark.

. The prediction on this chart shows a bison with a blue arrow pointed up indicating that the price is expected to move up in line with a channel.. We'd, like to warn you as always, that the market is very volatile and we advise that you do your own research before trading or investing in a theorem or any other cryptocurrency.

. We hope you enjoyed this video.. Please don't. Forget to give it a thumbs, up. Subscribe and click that notification Bill.. What do you think about the current price movements of a theorem? Let us know in the comments: below.

Good luck and happy investing. Bap bap bap bap bap bap bap bap bap bap bap, bap, bap, bap, bap, bap, bap bap. ethereum hit a new all-time high earlier this month before correcting back down to support levels.

It's been on the rise since the beginning of the year, surpassing its previous all-time high and doing its thing, but the ethereum blockchain seems to be continuing. Its year-long bull run. Welcome back to crypto line where you can get.

The latest updates about cryptocurrencies, like bitcoin, ethereum and other coins. We have many videos on this channel that can be educational. So if you're, just starting to learn about cryptocurrencies, you're in the right place and if you're, an old timer, we're sure there's, something for you here as well.

Don't forget to subscribe to our channel and turn on post notifications so that we cannotify you as soon as we have a new video up. According to coindesk, 20 data ether hit a new record price of two thousand and thirty three dollars up.

Six point: eighteen percent: between the nineteenth and 20th of february, with the market capitalization of the crypto reaching 233.3 billion dollars, the cryptocurrency is up about 172.5 year-to-date, while the price of ether hitting two thousand dollars would normally be something everybody would be talking about.

It almost certainly will be overshadowed by the numerous milestones reached hours before by the most popular cryptocurrency bitcoin, including hitting a one trillion dollar market value for the first time and rising almost five thousand dollars in a 24 hour period.

But ether's, rising price and surging popularity should not be overlooked. At least three growing areas of demand are fueling. The increase in ether's, price decentralized, finance, ethereum 2.0 staking and a newly formed institutionally focused ether market on the chicago mercantile exchange.

Coindesk tried to explain the price rise, saying that ether is often compared to oil. They explained further that ether power's; interactions on the ethereum blockchain, which is best known for hosting a variety of defy apps such as lending trading and prediction markets.

Ethereum based applications create a natural utility for ether, as the cryptocurrency is required to settle transactions. Defy coins have followed in lockstep with ether, as shown by the d5 pulse index, that's up 83 percent in the last 30 days.

According to index, coupe staking on the ethereum 2.0 network is also creating a supply shock of supports for the digital asset. Ethereum 2.0 is an in-progress redesign of the ethereum network, based on a new consensus mechanism, called proof of stake and database sharding.

Some 2.7 percent of ether worth 6 billion dollars, has been deposited on the ethereum 2.0 blockchain. These funds are further locked for roughly the next 12 months. Another reasonable explanation according to coindesk, is that large investors, such as investment funds, may be interested in gaining some exposure to the cryptocurrency.

They mentioned that the chicago mercantile exchange launched cash settled futures contracts for ether. On february 8th the contract surpassed 160 billion dollars in aggregated volume within the first week, as the cme is one of the oldest and most trusted exchanges.

In the us the contract launched there may signal growing institutional acceptance for ether businessinsider.com. In an earlier report, directly attributed ether's performance to the cme launch. It reported that the price of ethereum's, ether hit a fresh record recently and that it was driven by the launch of cme futures a day before the hit it also didn't fail to mention that ethereum's.

All-Time high coincided with bitcoin smashing a new record of 48 000 after tesla revealed a 1.5 billion dollar bitcoin investment, all of which is adding to the momentum of mainstream crypto adoption on the cme's first day of trading ether futures, the exchanges saw Nearly 400 contracts trading on its platform that equates to about 19, 400 ethereum or 33 million dollars.

According to coin market cap, the exchange announced its plans to offer trading in ethereum futures in december. Samantha yap founder and ceo of yap global was quoted to have said that the cme's launch will significantly strengthen ethereum's, credibility as an asset, just like it did for bitcoin in 2017.

. She also said that, while ethereum is often still referred to as bitcoin's, lesser cousin, there will be a shift in media perception about it with this launch. Furthermore, according to gunnar jerv, ceo at digital asset custody provider, first digital trust.

He believes that the launch could increase price volatility and that a few reasons could contribute to that. He mentioned that institutions would be able to trade in large volumes, as there is now more interest in digital assets than ever before.

When the cme launched bitcoin futures in 2017, its price dropped from twenty thousand dollars to thirteen thousand dollars, almost immediately separately with crypto fund manager. Grayscale adding more ethereum to its trust.

Traders can expect to see a further rise in institutional interest in digital asset futures, especially as no actual delivery of ethereum occurs on the settlement date, making it easier for institutional players to participate as no digital asset custody is required.

Independent.Co.Uk reported ethereum's. First all-time high this year as one significant price jump for ethereum having started the year below nine hundred dollars. Some history checks showed that, as recently as march 2020, ethereum was valued at just above a hundred dollars after falling from a peak of around one thousand.

Three hundred dollars in january 2018., however, some cryptocurrency analysts remain bullish about the near-term price of ethereum, though advise any potential investors to be cautious due to the market's.

Extreme volatility, konstantin and issimov executive director of london-based, cryptocurrency exchange, cex dot. Io said, the price is definitely advancing more rapidly than anyone has expected, as ethereum is seeing levels that were expected to be seen by mid-quarter 2 rather than now.

He also has an earlier prediction that ether will hit 2 200 by the end of quarter 2 or the 30th of june. It seems that this might happen even earlier. Of course, there's, never certainty with these things only a decent chance, so we advise investors and traders to be cautious as the world's, two most valuable cryptocurrencies.

The price movements of bitcoin and ethereum tend to reflect the wider sentiment towards the rest of the market. Over the last week, every single one of the top 75 most valuable cryptocurrencies tracked by corn market cap have risen in value with some experiencing gains of close to 250 percent over the last seven days.

This has helped boost the combined market capitalization of all cryptocurrencies, which also saw a record high on wednesday morning of 1.42 trillion dollars. Putting it ahead of alphabet in terms of overall market value.

Tim menking, managing director of digital capital management also has his own views. He stated that one thousand six hundred dollars automatically turns into support, but it won't be very strong until it holds for a while, but he thinks it probably won't.

He also believes that there is some serious support, just above one thousand five hundred dollars and again just above one thousand four hundred. However, he emphasized that resistance above is much tougher to call on the way up to break one thousand six hundred dollars.

Every hundred dollars was tough and that will almost certainly continue to be the case. Tim added that two thousand dollars will present strong resistance and once the price hits that level there will probably be a significant pause for consolidation, edu patel, co-founder and ceo of crypto startup mudracks provided another perspective on the cryptocurrencies price movements.

He said that ether has grown rapidly in the last few days and is very likely to hit two thousand dollars. He believes the 2000 price level is a big psychological resistance and that, before that, we & # 39.

Ll see ether struggle a bit with one thousand seven hundred and fifty dollars as well. Ethereum did not perform in terms of price and market capitalization alone. Its mining also recorded an all-time high.

Recently, the block crypto.com reported that the data collected by the block research shows that for the first time, ethereum miners have brought in more than one billion dollars in revenue for the month of february.

That includes approximately 541 million dollars in the form of transaction fees which miners earn with every new block they successfully create. The fee. Income has been buoyed by elevated transaction fees on the ethereum network, as well as all-time.

High price increases this month. The february figure, which is set to grow, given the remaining days of the month eclipses january's total and is the highest recorded for the data set. It also perhaps reflects the surging environment for ethereum mining, as demonstrated by recent gpu shortages and moves by some miners to use hardware built into gaming laptops gaming hardware maker nvidia, formally unveiled plans for dedicated mining hardware.

Last week, let's. Take a look at how ethereum is doing against the us dollar in this chart. In this chart we can see the price of ethereum in an ascending channel. The chart also indicates that the market's.

Trend is overall, a bullish trend. We can also see two strong support lines drawn in blue, as well as two resistance lines drawn in yellow. The higher support line is set at 1 500, while the lower one is set at 1 450.

. Similarly, the higher resistance line is set at 2k and is indicated as a strong resistance, with a rounded up figure, while the lower resistance line is set at 1950, meaning that, in the case of an upward movement from current price, the market may want to reverse.

At the lower resistance line before it reaches the 2k mark, the prediction on this chart shows a buy zone with a blue arrow pointed up indicating that the price is expected to move up in line with a channel.

We'd, like to warn you, as always, that the market is very volatile and we advise that you do your own research before trading or investing in ethereum or any other cryptocurrency. We hope you enjoyed this video, please don't forget to give it a thumbs up, subscribe and click that notification bell.

What do you think about the current price movements of ethereum? Let us know in the comments below good luck and happy investing [, Music, ], okay, [, Music, ] up