Ether

Ether (ETH) is the native cryptocurrency of the Ethereum blockchain, functioning as a fuel for operations within the network. It serves multiple purposes: as a digital currency, it can be bought, sold, and held as an investment; as a utility token, it's used to pay for transaction fees and computational services on the Ethereum network. Ether is integral to running decentralized applications (dApps) and executing smart contracts on Ethereum, providing the necessary resources for these operations. As Ethereum evolves, especially with upgrades like Ethereum 2.0, Ether's role remains central, facilitating not just transactions but also the broader ecosystem of decentralized finance (DeFi) and various blockchain-based applications.


Markets

Ether Breaks Short-Term Bullish Trendline; Support Below $3.3K

The broader outlook remains constructive, one analyst said.

Ether's daily price chart on Dec. 14 showing a dive out from the bullish trendline (TradingView)

Markets

First Mover Asia: Bitcoin, Ether Tumble Ahead of Federal Reserve Meeting

An expected interest rate hike could spook investors away from higher-risk assets; the top 20 altcoins by market capitalization were firmly in the red.

Analysts: This Bear Market May Not Last Long

Markets

First Mover Asia: Bitcoin Bounces Above $50K Amid Light Weekend Trading, Altcoins Kick Higher

Ether climbs back above $4,100 but the direction of crypto markets at the start of the week remains uncertain.

Pixabay

Markets

Alts Find It Tough to Beat Layer 1 King Ethereum

Big investors looking beyond bitcoin may take their first baby steps into ether, which has so far outperformed its layer 1 alternatives. But for how long?

(via Pixabay)

Videos

Bitcoin Dominance Approaching Lowest Level Since June 2018

New data reveals bitcoin’s dominance is nearing a record low to levels not reached since June 2018. Meanwhile, ether’s dominance continues to climb higher. What are the potential factors explaining ETH’s upward trajectory? “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

CoinDesk placeholder image

Videos

What’s Driving Bitcoin Lower?

Bitcoin buying activity remains weak despite several oversold signals on the charts. Prime Trust Chief Financial Officer Rodrigo Vicuna discusses his take on the potential catalyst behind BTC’s short-term downtrend and the possible impact of mining on price movements. Is a “Santa Rally” still possible?

CoinDesk placeholder image

Markets

First Mover Asia: Bitcoin Falls Below $49K as Trading Volume Weakens, Altcoins See Red

Bitcoin’s drop-off coincides with a strengthening U.S. dollar; ether declines.

A skier falls. (Clive Rose/Getty Images)

Markets

First Mover Asia: Bitcoin Holds Steady as Crypto CEOs Testify, Ether Climbs

CEOs from six major crypto firms spoke before the U.S. House Financial Services Committee; stocks rose amid fading Omicron concerns.

CoinDesk placeholder image

Markets

Bitcoin Drops 5%, Slipping Below $50K on Leverage Washouts

Some $187 million of crypto trading positions were liquidated over the past 24 hours.

24-hour Bitcoin Chart (Messari)

Markets

Crypto Hedge Fund Three Arrows Capital Snaps Up $400M in ETH

The move comes mere weeks after co-founder Su Zhu “abandoned” Ethereum over its prohibitively high fees for new users.

CoinDesk placeholder image