- ETH token price rises about 10% in the past 48 hours,
- The coin price struggles below the 50-day EMA and might soon rise above it.
- The pair of ETH/BTC trades at 0.06875 BTC with an intraday gain of +2.68%.
Following the recent crypto market fall, the ETH price was in a temporary downtrend. Despite numerous bullish attempts, it failed to surpass the market resistance trendline in its daily technical chart.
Mid-June saw constant support from 100 EMA, but unfortunately for the bulls, the price broke it to reach 200 EMA. Unfortunately, the 200 EMA was destroyed by the extreme fall, but bulls had another chance at regaining trend control with the $1830 threshold.
The ETH token price jump from the $1830 mark has led to a 180-degree change in the trend, and the price broke above the resistance trendline. The coin price is moving just above the 50-day EMA.
ETH token currently trades at $2383.16, with a +2.74% market cap gain within the past 24hrs. Additionally, the intraday trading volume for the coin has increased by 20.77%, projecting an increase in the number of buyers.
Sygnum Bank Offers ETH 2.0 Staking Service
Sygnum, a Swiss cryptocurrency bank, launched an Ethereum 2.0 (ETH2) staking platform. They claim to be the first banks to offer this service.
Sygnum clients will now be able to stake their Ethereum (ETH) holdings with banks and receive a yield of up to 7.7% per annum. The yield is affected by how many people stake ether in the network. As such, the more people are staking, the lower the yield.
ETH is the most used staking coin. More than 6 million ETH worth almost $13.65 billion today have been staked in Ethereum 2.0 staking contracts.