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The price of Essem climbed above $1650, but did not exceed $1670 to the dollar. ETH has trimmed its gains and is currently consolidating around $1630

Ethereum (ETH) prices have reached a long-term upward support line that has existed for nearly 460 days.Although price trends show conflicting readings, RSI has generated bullish signals that may lead to a significant price increase

Ethereum (ETH) prices are approaching the long-term support line of a 450 day high.Although the price trend has declined, RSI has given an upward signal, which previously helped ETH rise by 145%

Graphical data:1. In the past 5 years (2018-2022), the September market of Kezhou has been declining, with an average amplitude of over 20%2

As is well known, blockchain has the concept of an impossible triangle, and it cannot simultaneously balance scalability, security, and decentralization. For any blockchain, it is possible to satisfy at most two dimensions simultaneously

Over the past year, Bitcoin has been the top news in the financial and technology industries. From its short-term surge in price to the influx of large institutions and investors, Bitcoin has transformed from a peripheral technology into an important part of the global economy

The expectations and speculations surrounding the approval of Bitcoin Exchange Traded Funds (ETFs) spot have reignited enthusiasm within the cryptocurrency community. With the development of regulatory environment, people are closely observing the upcoming decision of the US Securities and Exchange Commission (SEC) to determine whether it will trigger a significant increase in Bitcoin (BTC) prices

It is revealed that the annual transaction volume of Bitcoin exceeds that of Visa, one of the world's largest payment networks.Bitcoin recorded parabolic changes in on chain transactions in 2023

Ethereum Price PerformanceDue to parameter mismatch, Ethereum's highly anticipated Holesky test network will not be able to start as planned. Nevertheless, it will still become the largest testing network on the blockchain network

In recent days, Bitcoin has shown signs of potential reversal, showing a daily rise for three consecutive days.The last time this pattern was observed was between early July and mid to late June, when Bitcoin rose from slightly below $25000 to over $31000

For most of this year, institutional cryptocurrency investors have been exiting the market, especially as a bear market has already formed. However, Ethereum suffered much greater losses in this regard than other assets, and the outflow of funds dragged down the decrease in total assets under management (AuM)

On September 2nd, the price of Ethereum (ETH) fell to $1620. Both on chain and derivative trading data indicate that Ethereum may experience more bearish resistance in the coming days