Ethereum futures premium hits a 7-month low as ETH tests the $2,400 support

[ad_1] Ether (ETH) reached a $3,280 local high on Feb. 10, marking a 51.5% recovery from the $2,160 cycle low on Jan. 24. That price was the lowest in six months, and it partially explains why derivatives traders’ main sentiment gauge plummeted to bearish levels. Ether’s futures contract annualized premium, or basis, reached 2.5% on Feb. 25, reflecting bearishness despite the 11% rally to $2,700. The worsening conditions depict investors’ doubts regarding the Ethereum network’s shift to a proof-of-stake (PoS) mechanism. As reported by Cointelegraph, the much-anticipated sharding upgrade that…

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Livepeer, Loopring and Keep3rV1 rally while Bitcoin tests underlying support

[ad_1] Altseason rumors are on the rise on Nov. 9 as altcoins capitalize on Bitcoin’s move to a new all-time high and the ensuing consolidation that tends to occur after (BTC) pulls back to retest underlying support levels. As is often the case when Bitcoin has pullbacks during a bull market, some of the outflows find their way into the altcoin market and the chart below shows this dynamic is at play on Nov. 9. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph…

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