Ethereum (ETH) has posted a new all-time high of $1,477.30 as the price got pushed up by an influx of ETH buyers. So, what’s next for Ethereum and where will it go next? Fundamental analysis: Ethereum benefited greatly from the DeFi sector surge The second-largest cryptocurrency by market capitalization spent the weekend slowly moving towards the upside and eating some of Bitcoin’s market dominance. However, the slow price increase was interrupted by an influx of ETH bulls that pushed the price up to a new all-time high of $1,477.30. The price has quickly left the discovery mode as bulls weren’t able to establish themselves above the old all-time high of $1,440 with confidence. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. Ethereum’s overall outlook is incredibly bullish, mostly due to sentiment factors. While the recent downturn greatly affected most cryptocurrencies, the DeFi sector stayed pretty strong, and even pushed towards the upside, with many projects reaching all-time highs. As these projects as ERC-20 tokens, Ethereum benefited from their success both in terms of popularity (by experiencing increased its user activity and transaction volumes) and price. Looking at its recent performance, ETH has posted week-over-week gains of 12.74%, outperforming BTC’s loss of 5.68%. ETH is trading for $1,384, representing a 32.91% month-over-month gain. Ethereum is currently the second-largest cryptocurrency by market capitalization, boasting a value of $158.3 billion. ETH/USD technical analysis: Ether is now in a healthy retracement Ether’s price on the 4-hour time-frame has been slowly ascending and posting higher lows and higher highs for close to a month now, setting new all-time high two times. However, just like the previous
VANCOUVER, BC, Jan. 22, 2021 /CNW/ - Trading resumes in:
Company: Orchid Ventures Inc.
CSE Symbol: ORCD
All Issues: No
Resumption (ET): 1:00 PM
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC)
Crude oil prices have continued to modestly tick higher in the past few days after the U.S. President Donald Trump signed a new stimulus bill. Fundamental analysis: Expectations for a higher demand Crude oil prices climbed on hopes that the fresh pandemic stimulus in the U.S. will drive fuel demand up and stimulate economic growth, making investors more willing to take risks. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. “Oil appears to be underpinned by the passing of the U.S. stimulus and government funding omnibus legislation,” said Jeffrey Halley, a market analyst at OANDA. On Monday, the U.S. House of Representatives led by Democrats voted to respond to President Donald Trump’s demand for coronavirus $2,000 relief checks. The Republican members of the Senate are expected to vote next. Global stocks ticked higher for a fourth consecutive session in hopes of further stimulus but concerns over the pandemic capped the gains quickly. After a new variant of coronavirus was discovered in Britain, the government decided to impose tougher restrictions, weighing on short-term demand and prices. On the other hand, investors are waiting for the next OPEC+ meeting, scheduled for January 4.
