Skip to content
Herald Sheets

Herald Sheets

Live Cryptocurrency News

Follow Herald Sheets on Twitter, Facebook, Telegram, Please Read Our Disclaimer

  • Homepage
  • Start Trading
  • Guide
  • Crypto News
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Ripple (XRP)
    • Dogecoin (DOGE)
    • Cardano (ADA)
    • Litecoin (LTC)
  • Analysis
  • Blockchain
  • Mining
  • Reviews
    • Brokers
    • Exchanges
  • Regulation
  • Press Release
  • About Us
    • Contact Us
    • Privacy Policy
    • Submit Press Release
  • Disclaimer
  • Altcoins
  • Crypto Trading
  • Cryptocurrency
  • Ethereum (ETH)
  • News

Ethereum About to See Lift Off

Alicia Maher December 7, 2021 3 min read

Ethereum soared above the $4000 mark on Monday after the significant drop over the weekend. However, for ETH to increase further soon, it must stay above $4,150.

The price of Ethereum has constantly been outpacing other cryptocurrency assets, as Bitcoin and other coins struggle to recover from the recent market losses. Although ETH crashed below $3,400 over the weekend, it still holds firmly against BTC clocking a three-year high on the ETH/BTC chart.


trade now

The weekend drop ETH’s price became its lowest since early October. However, on the 10th of November, ETH achieved an all-time high of over $4,800.

Ethereum Price Builds Momentum

Both Bitcoin and Ethereum have been at their all-time high before the weekend, with Bitcoin achieving a record high of $68,000 in November. However, Bitcoin saw a significant dip in price on Saturday, falling below the $50,000 mark. 

But in contrast to Bitcoin, Ethereum’s year-end progress looks very promising. On the 1st of December, the coin rose to a record $4,868 even though the current price of an Ether coin is about $4,477.

However, ETH is gradually triggering its 20-day Exponential Moving Average(EMA). This means that Ethereum is taking control of the bulls. If the bulls take their turn, then the price of ETH is likely going to soar above the $4,868 mark. 

On the contrary, Bitcoin’s 20-day Exponential Moving Average is moving rather sluggishly, trying to attain the $58,463 mark since the 30th of November. Although, Bitcoin investors are trying as hard as possible to drive up the coin price through buying. If they are successful, it would further reduce the buying pressure. But if the selling pressure is not reduced, BTC price could plunge further down to about $54,343.

Dips Involved with ETH

Investors should, however, take note that if Ethereum fails to increase above the $4,400 mark in the coming weeks, it could lead to a downside correction. The initial support of the downside is closer to the $4,300 mark.

As with any long-term investments, industry experts generally advise people to ignore the highs and lows, but the latest spike in the price of Ethereum doesn’t mean its unstable nature has gone away.

The falling prices result from new comments published last week from SEC Chairman Gary Gensler about the regulation of cryptocurrency, the $1.2 trillion infrastructure bill signed by US President Joe Biden detailing numerous cryptocurrency tax reporting, and growing concerns over the new Omicron variant.

Trade Now

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us easily with Herald Sheets Facebook Messenger App. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Continue Reading

Previous: FBI Issues Warning About Crypto ATMs Scams
Next: Crypto Meets Banking: Gemini Partners Bancolombia To Offer Crypto Trading

Related Stories

What are the Different Types of Orders? A Beginner’s Guide
4 min read
  • Crypto Trading
  • Cryptocurrency
  • Guide

What are the Different Types of Orders? A Beginner’s Guide

March 21, 2023
Bitwise Launches Bitcoin-Linked ETF for Long-Term Investors
2 min read
  • Bitcoin (BTC)
  • ETF (Exchange Traded Fund)
  • News

Bitwise Launches Bitcoin-Linked ETF for Long-Term Investors

March 21, 2023
Coinbase Seeks New Banking Partner Following Signature Bank Shutdown
2 min read
  • Cryptocurrency Exchanges
  • News
  • Regulation

Coinbase Seeks New Banking Partner Following Signature Bank Shutdown

March 21, 2023

Top 10 Crypto

Name Price24H (%)
bitcoin
Bitcoin (BTC)
$28,121.00
-0.72%
ethereum
Ethereum (ETH)
$1,798.56
1.35%
tether
Tether (USDT)
$1.00
-0.48%
binancecoin
BNB (BNB)
$337.75
-0.11%
usd-coin
USD Coin (USDC)
$1.00
-0.32%
ripple
XRP (XRP)
$0.472058
23.59%
cardano
Cardano (ADA)
$0.380531
12.19%
dogecoin
Dogecoin (DOGE)
$0.076800
5.45%
binance-usd
Binance USD (BUSD)
$1.00
-0.40%
polkadot
Polkadot (DOT)
$6.39
2.22%

Recent Posts

  • What are the Different Types of Orders? A Beginner’s Guide
  • Bitwise Launches Bitcoin-Linked ETF for Long-Term Investors
  • Coinbase Seeks New Banking Partner Following Signature Bank Shutdown
  • Price of BTC Surges Beyond $28,000, As Ripple, Ether, and Cardano Go Bullish
  • 3 Ways To Get NFTs Without Paying for Them
  • Crypto Proponents Start to Consider Bitcoin as an Alternative to Traditional Banks
  • Cardano Founder Charles Hoskinson Says Crypto Industry should Differentiate Itself from Unstable Banking Sector
  • Sandbox Ready To Launch New Product, Partner With Havas Play, and Promises New Experience
  • Binance to Convert $1 Billion Worth of Binance USD (BUSD) into Bitcoin, Ethereum and other Tokens
  • Blockchain Association Requests Files on Crypto ‘de-banking’ Issues From OCC, FDIC, & Fed Reserve
  • U.S Investment Company Ark Invest, Raises $16M For New Cryptocurrency Fund
  • International Payment Operator Swift Successfully Completes CBDC Pilot Test
  • Signature Bank Accused of Money Laundering, Evidence Emerges
  • What is the Best Way to Mine Bitcoin?
  • What is Cryptocurrency Crowdsale and How Does It Work?

Categories

You may have missed

What are the Different Types of Orders? A Beginner’s Guide
4 min read
  • Crypto Trading
  • Cryptocurrency
  • Guide

What are the Different Types of Orders? A Beginner’s Guide

March 21, 2023
Bitwise Launches Bitcoin-Linked ETF for Long-Term Investors
2 min read
  • Bitcoin (BTC)
  • ETF (Exchange Traded Fund)
  • News

Bitwise Launches Bitcoin-Linked ETF for Long-Term Investors

March 21, 2023
Coinbase Seeks New Banking Partner Following Signature Bank Shutdown
2 min read
  • Cryptocurrency Exchanges
  • News
  • Regulation

Coinbase Seeks New Banking Partner Following Signature Bank Shutdown

March 21, 2023
Price of BTC Surges Beyond $28,000, As Ripple, Ether, and Cardano Go Bullish
3 min read
  • Bitcoin (BTC)
  • Blockchain
  • Crypto Trading
  • Cryptocurrency
  • News

Price of BTC Surges Beyond $28,000, As Ripple, Ether, and Cardano Go Bullish

March 21, 2023
Copyright © All rights reserved. | DarkNews by AF themes.
  • RelevantRelevant(REL)$0.825.35%
  • TadpoleTadpole(TAD)$7.32-1.74%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184213-2.11%
  • SakeTokenSakeToken(SAKE)$0.0127135.28%
  • WTF TokenWTF Token(WTF)$0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)$0.005461-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%