Ethereum and DeFi are both booming right now within the cryptocurrency space. We take a look at Ethereum transaction fees and the number of daily ETH transactions. We have a look at Ethereum price action and make predictions as to where the price may go next. We do a detailed Ethereum technical analysis and Ethereum price prediction. We also have a look at the pitfalls of irresponsible DeFi yield farming.
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⏰ Timestamps
1:32 Resistance turned Support
2:35 Scary Weekly RSI?
3:48 1D RSI Looking Good
5:40 ETH Daily transactions
6:18 Frustrating fees
7:20 Dr WHO on the blockchain
8:54 ETH Miner Profitability
10:17 $1k ETH?
12:08 Ethereum Buy call
17:25 Breakout Trade Setup
18:34 First Take Profit Level
22:30 Ethereum Price Prediction
Sources:
https://blog.rotki.com/2020/08/13/sustainable-defi/
https://www.coindesk.com/some-traders-now-taking-bets-ether-will-break-1k-by-december
https://etherscan.io/chart/hashrate
https://bitinfocharts.com/comparison/ethereum-mining_profitability.html#2y
https://www.coindesk.com/daily-profitability-for-ethereum-miners-hits-over-2-year-high
https://opensea.io/
https://www.coindesk.com/doctor-who-to-enter-the-cryptoverse-as-bbc-plans-trading-card-game-on-ethereum-blockchain
https://etherscan.io/chart/tx
https://twitter.com/Altcoinbuzzio/status/1294097489713172480/photo/1
Disclaimer:
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the content creators/reviewers and their risk tolerance may be different than yours. Altcoin Buzz is not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Please do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
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