Home Ethereum Ethereum 2.0 May Be Wiped Out by This Tech, Says One Researcher – U.Today

Ethereum 2.0 May Be Wiped Out by This Tech, Says One Researcher – U.Today

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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

The cryptocurrency market is showing signs of slight growth during the last days of December. While not all of the top 10 coins are in the green, Bitcoin SV (BSV) and Tezos (XTZ) are the exceptions to the rule. 

Below is key information for how Bitcoin (BTC), Ethereum (ETH), and XRP (XRP) are performing today:

Name

Ticker

Market Cap

Price 

Volume (24H)

Change (24H)

Bitcoin

BTC

$130,685,103,934

$7,213.71

$19,016,526,617

0.46%

Ethereum

ETH

$14,204,534,332

$130.32

$7,952,811,153

1.88%

XRP

XRP

$8,434,948,425

$0.194715

$1,157,022,880

0.49%

BTC/USD 

The largest cryptocurrency continues to trend sideways as its rate has increased by 0.52% since yesterday.

In terms of a short-term price scenario, traders are likely to see signs of short-term growth as Bitcoin has already had a correction after a sharp increase to $7,400.

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Currently, the coin is located within the triangle with an upcoming breakout. In this particular case, the nearest support zone is at $7,250.

At press time, Bitcoin is trading at $7,171.

ETH/USD

Ethereum is also about to show have a short-term price increase as the price of the largest altcoin has increased by 2.29% in the last 24 hours.

Looking at the 1H chart, Ethereum is dominated by bullish sentiments, which is confirmed by the rising Moving Average Convergence/Divergence (MACD) indicator and the relatively high trading volume. While it cannot be considered the end of its bearish trend, ETH is moving towards a resistance area around $135. If the general market mood remains positive, then this level can be reached by the end of the month.

At press time, Ethereum is trading at $129.74.

XRP/USD

Although the rate for XRP has risen by 1% since yesterday, its short-term forecast remains bearish.

Ethereum is trading at $129.74 at press time.

According to the technical analysis, the Bollinger Bands suggest that the coin is unlikely to go above $0.196. Moreover, the trading volume index is on the decline, which means another possible price drop. In this regard, one can assume that XRP is about to re-test the $0.19 support level soon.

At press time, XRP is trading at $0.1931.

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