Category: Ether price

Altcoin Roundup: Time to rotate! Data suggests traders are shifting from NFTs to DeFi

Altcoin Roundup: Time to rotate! Data suggests traders are shifting from NFTs to DeFi

An important part of preserving investing profits is knowing when an asset or sector is showing signs of exhaustion and when a sector rotation is underway.  This is especially important in the rapidly moving cryptocurrency markets, which can change direction in a heartbeat and turn crypto millionaires into depressed bag holders. Most investors know that […]

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Ethereum price soars above $3K into ‘red zone’ triggering sell-off fears

Ethereum price soars above $3K into ‘red zone’ triggering sell-off fears

Ethereum’s native asset Ether (ETH) crossed above $3,000 in an extended upside rally on Aug. 7, hitting a three-month high. Nevertheless, the cryptocurrency’s incredible move upside also boosted its possibilities of facing a bearish backlash. An on-chain indicator that tracks the total percent of Ethereum addresses in profits predicted the said downside outlook. In detail, […]

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