Ethereum is currently on bearish momentum. At 00:03 EST on Tuesday, 29 December, Ethereum is at $701.01 and down by 4.19% in the last 6 hours.
Ethereum Range
Over the last six hours, Ethereum’s higher value was $730.36 and the lower value was $701.01.
Over the last twelve hours, Ethereum’s higher value was $742.91 and the lower value was $701.01.
Regarding Ethereum’s daily highs, it’s 5.64% down from its trailing 24-hour high of $742.91
Regarding Ethereum’s yearly highs and lows, it’s 636.51% up from its 52-week low and 6.016% down from its 52-week high.
Volatility
Ethereum’s last day, last week, and last month’s average volatility was 7.00%, 2.63%, and 1.04%, respectively.
Ethereum’s last day, last week, and last month’s high and low average amplitude percentage was 9.17%, 8.82%, and 6.62%, respectively.
News about Bitcoin
Bitcoin miners in nordic region get a boost from cheap power. According to Bloomberg Quint on Sun Dec 27, “”It is one of the biggest developments in Bitcoin mining to look out for.””, “The resulting glut in the most important raw material for making the virtual coins coincided with a year when the price of Bitcoin tripled.”
Bitcoin faces regulatory scrutiny after record-breaking rally. According to Bloomberg Quint on Sun Dec 27, “”What’s happening now — and it’s happening faster than anyone could ever imagine — is that Bitcoin is moving from a fringe esoteric asset to the mainstream,” said Matt Hougan, chief investment officer of Bitwise Asset Management. “, “While none of those reasons for buying Bitcoin comport with its origins as an alternative to fiat currencies, they do point to a growing acceptance of crypto as an asset class of its own. “
Bitcoin on longest winning run since 2019 after hitting record. According to Bloomberg Quint on Mon Dec 28, “Read more: Bitcoin Crushes Doubters as 224% Rally Proves It’s Here to Stay”, “Bitcoin has divided opinion as its price more than tripled in 2020 amid a worsening pandemic. “
Bitcoin mining stocks surge after the cryptocurrency passes $28,000 for the first time. According to Business Insider on Mon Dec 28,
Bitcoin rally likely to peak out in coming weeks, says technical analyst. According to Business Insider on Tue Dec 29, “At press-time Bitcoin traded 1.26% lower at $26,845.73 and Ethereum traded 1.06% higher at $715.97.”, “Basing his analysis on another chart, which uses three disparate Bitcoin cycles, Newton said, “All those years where we had a stellar Q4 we reversed course in trend back in late December, early January, and actually went lower.””