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Latest Ethereum price and analysis (ETH to USD)

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Ethereum is currently trading back above the crucial $2,000 level of support as it takes aim at a weekend record high above $2,158.

The world’s second largest cryptocurrency has risen by more than 175% since the turn of the year and a staggering 1,156% in the past 12 months.

It has recently benefited from a period of sideways consolidation in the price of Bitcoin, which has led to market-wide rallies across the majority of altcoins like Ethereum, Litecoin and Bitcoin Cash.

In the immediate future, Coinbase’s upcoming direct listing on Nasdaq next week is expected the be a positive step forwards for the entire industry, although it’s worth noting that traders may look to “sell the news” over an event of this nature.

ETHUSD chart by TradingView

If hype and optimism can be sustained until next Wednesday’s listing, Ethereum is being predicted to form a new all-time high this weekend with aggressive upside price targets coming in at around $2,275.

However, if the wider market begins to correct, the correlation in assets would see Ethereum slump back below $2,000 to test the prior low of $1,933, with another potential target at $1,850.

Ethereum has been bolstered this year by a surge in popularity surrounding DeFi protocols, most of which are based on Ethereum’s blockchain.

For more news, guides and cryptocurrency analysis, click here.

About Ethereum

Ethereum was launched by Vitalik Buterin on July 30 2015. He was a researcher and programmer working on Bitcoin Magazine and he initially wrote a whitepaper in 2013 describing Ethereum.

Buterin had proposed that Bitcoin needed a scripting language. He decided to develop a new platform with a more general scripting language when he couldn’t get buy-in to his proposal.

More Ethereum news and information

If you want to find out more information about Ethereum or cryptocurrencies in general, then use the search box at the top of this page. Please check the below article:

As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.

You may be interested in our range of cryptocurrency guides along with the latest cryptocurrency news.

Disclaimer: This is not financial advice.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://coinrivet.com/latest-ethereum-price-and-analysis-eth-to-usd-94/

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🎉 Happy 7th Birthday To Us! Celebrate with an EXTRA 20% Off!

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This week we are celebrating our 7th year in business! Crazy to think of the growth in the industry even since last year. Let’s take a look back at the price of Bitcoin since May 2014 when Coinigy launched:

2014: $450
2015:  $230
2016:  $450
2017:  $1,400
2018:  $9,200
2019:  $5,400
2020: $9,100
2021:  $57,000

2020 was a challenging year for us all but the Coinigy team put our heads down and kept chipping away at our vision for V2. As you can see above, this bull run is not the first bull run that we have been through, and we are sure it won’t be the last. Even though this one may feel different, our focus and determination to continue building the best cryptocurrency application in the industry remains the same.

Enter code CoinigyTurns7 at check out to redeem this offer. Limit one per customer, not redeemable on CryptoFeed subscriptions. Offer expires May 7, 2021 at 11:59 CST. Must be paid using PayPal or Credit card.

As always, none of this would be possible without loyal Coinigy users that have been with us on this journey from $230 to all the way to the ATH of $64,000 and everything between – thank you for your endless support.

-The Coinigy Team

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://insights.coinigy.com/coinigy-turns-7/

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Kraken changes ticker symbol from XBT to BTC

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Kraken changes ticker symbol from XBT to BTC

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://insights.coinigy.com/kraken/

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ADA Reaches All Time High as Bullish Run Continues

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Cardano (ADA), has continued its bullish run to reach an all-time high of $1.68 today.

The seventh largest cryptocurrency by market cap, Cardano, has continued its bullish run to reach an all-time high of $1.68 today. ADA has been watched closely with many expecting it to rise due to multiple factors, including potential for smart contract capabilities.

ADA was founded in 2017, by one of the co-founders of the Ethereum (ETH) network, and is the native token for the Cardano blockchain. Charles Hoskinson discussed the outlook for Cardano on his YouTube page recently, outlining a roadmap to 2025.

Source: CoinGecko

Contributing factors

Recent business partnerships and the smart contract capabilities are believed to be contributing factors to this bull run. Last month, it was announced that Cardano would be partnering with the Ethiopian government to digitize the country’s education sector.

The blockchain firm will use its identity solution Atala PRISM in thousands of schools across Africa’s second most populated country. If completed, this will be the world’s largest blockchain database system.

When Hoskinson laid out Cardano’s roadmap last month, he mentioned the final Voltaire update. Before this can happen, the next update – Alonzo – must be completed. The Alonzo upgrade will introduce smart contract support to the Cardano blockchain.

If the ability to enable smart contracts is completed, then theoretically Cardano can also allow for the development of NFTs on the blockchain. These kinds of capabilities could see Cardano emerge as a viable competitor to Ethereum.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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A Social Science graduate from Trinity College Dublin, Adam is working in London while studying for a self-paced MicroMasters in Data, Economics and Public Development online with MITx.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://beincrypto.com/ada-reaches-all-time-high-as-bullish-run-continues/

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