ETH price struggles to flip $1,700 to support, but key derivatives data show bulls making plans to break through the resistance.
ETH’s price has repeatedly failed to break above key trendline resistance, and now Ethereum risks losing strong technical support as well.
Cryptocurrencies continued to consolidate recent gains on Jan. 24, as markets prepared for a big week of U.S. economic data. Gross domestic product (GDP) figures for Q4 2022 will be released on Thursday, followed by consumer sentiment data the day after. Ethereum also secured recent gains in today’s session, with prices nearing a move below […]
Ethereum (ETH) core developers successfully launched the shadow fork for the Shanghai update on January 23.
The post Ethereum developers deploy Shanghai upgrade ‘shadow fork’ appeared first on CryptoSlate.
From the explosion of the scaling and layer 2 ecosystems to the first Devcon in three years and The Merge, it has been an exciting year for Ethereum and ethereum.org. We’ve shipped many impactful features and content, with thousands of incredible contr…
The bear market has resulted in multiple losses for individuals and even large entities, and according to recent data shared by crypto analytics site, Dune analytics, the majority of all ETH stakers are in the loss while fewer stakers remain in the money. The reason behind the result of more losses than profit is due to the market conditions starting in 2021 after the Ethereum Beacon chain was launched, to the present. ETH had reached a new all-time high (ATH) but has also fallen by more than 50% from the ATH. Related Reading: Ethereum Price Key Trend is Forming and Swift Recovery Could Occur Weekly Staked ETH Fall To Lowest Levels as Only 20% Of ETH Staked Is In Money The January 4 published data further showed that 80% of ETH staked are currently recording losses. The stakers who happen to be part of the 20% still in money are those that staked ETH at prices lower than the current levels. Per the data, a significant chunk of staked ETH was staked when ETH was still in the $600 price range — this dates back to December 2020 when the Beacon Chain was launched. Though ETH has since increased to a point where it’s now 50% higher than the 2020 price level, 80% of the currently staked ETH was staked at prices equal to or above $1,200. Following the massive losses recorded in staked ETH, the amount of weekly staked ETH has seen a sharp decline with fewer ETH staked since the last quarter of 2022. Over the past week, only a total of 25,000 ETH has been staked. Prior to the extreme market conditions, figures of roughly 150,000 ETH were being staked per week. Should ETH continue into a downward movement, chances are there could be massive withdrawals from ETH staking contracts when a withdrawal mechanism is implemented later this year. Considering The Long Term Perspective Another narrative worth considering is the long-term perspective. Given the fact that most stakers already had an initial idea of keeping their ETH for the long term, they might as well turn a blind eye to the current price levels of Ethereum. Besides, staking ETH directly or through an exchange would usually involve a committed two-year lockup period. For context, 15.9 million ETH is currently staked, representing 13.2% of the entire supply, according to Dune data reports. Related Reading: Ethereum Price Relatively Muted, Bulls Still Aim Key Upside Break However, even with the dip that seems to be never-ending, there are still hopes for Ethereum and even other altcoins. As of the time of writing, ETH is up by over 3% in the last 24 hours with a trading volume of $5.2 billion over the same time period. Furthermore, a reversal is expected to happen, given the sharp upwards movements in what seems to be a false move. Featured image from istock, Dune analytics and TradingView
The year 2023 is starting off better for Bitcoin and the broader crypto market than last year ended. Even though most crypto prices are still trading in a very depressed, narrow range, BTC is at least showing a year-to-date performance of 1.55% and Ethereum of 4.5%. However, as QCP Capital writes in its latest market analysis, there are early signs that should caution crypto investors. While the gold price is currently performing extremely strongly, the trading firm raises the question of whether this will continue if the expected wave five of the USD rally takes place based on the Elliott wave theory. According to the theory, the fifth wave is the final leg in the direction of the prevailing trend. And a resurgent USD could mean further price losses not only for gold but also Bitcoin and crypto. As QCP Capital elicits, it remains to be seen if this will impact the other alternative asset classes as well. Related Reading: These Altcoins Will Be Hit The Hardest If DCG And Grayscale Fall Currently, total liquidity in the market, as measured by M2 money supply annual growth, has shrunk to 0% for the first time in history. “Not to mention the liquidity within crypto itself which is an even smaller factor of that,” the firm states based on the following chart. 7/ And overall liquidity, measured by M2 YoY growth, has shrunk to 0% for the first time in history! Not to mention the liquidity within crypto itself which is an even smaller factor of that pic.twitter.com/grwcAdPLn6 — QCP Capital (@QCPCapital) January 4, 2023 Price Targets For Bitcoin And Ethereum Nonetheless, Bitcoin and Ethereum are in somewhat of a catch-up rally at the beginning of the year, much like gold. Despite the mini-rally, BTC is still trading in an extremely tight falling wedge, with 18k as the key breakout level on the upside, according to the firm. In the medium-term, $28,000 is looking more and more key – as the head and shoulders neckline, and 61.8% fibonacci retracement level of the $3,858 2020 low to $69,000 2021 high. According to QCP Capital, Ethereum “remains significantly more bullish than BTC,” though ETH is also trading in a consolidation pattern. Investors should keep an eye on the top of the triangle at $1,400 for now, before the key resistance zone between $1,700 and $2,000 could be targeted. On the downside, the company expects $1,000-$1,100 to be a very good support. The Macro Outlook For 2023 Probably decisive for whether 2023 will be a continuation of 2022 will be the macro environment. QCP Capital believes that inflation in the U.S. will fall significantly, but not enough to reach the Fed’s 2% target. This will cause the Fed to delay cutting rates as long as possible, as Jerome Powell does not want to be the guy in charge who makes the same mistake as in the 1970-80s when there was a “double-dip inflation era.” Related Reading: Ethereum Price Gains Momentum, Why ETH Could Rise To $1,300 This will lead to the Fed developing a “blinkered” mentality toward the far better numbers and making another mistake by easing monetary policy too late. “In a sad twist of fate, they will again wait too long and have to go into overdrive again,” the firm claims and concludes: We expect this could only come in Oct-Nov again this year, but remain open minded to markets bottoming sooner than that. At press time, the BTC price stood at $16,847, seeing a slight gain of 0,59% in the last 24 hours. Featured image from Pierre Porthiry-Peiobty / Unsplash, Charts from QCP Capital (Twitter) and TradingView.com
“Some smart people tell me there is an earnest smart developer community in Solana,” Vitalik Buterin said in a Tweet.
The post After Receiving Positive Remarks from Ethereum Founder, Solana Now Back Above $10 appeared first on BitPinas.
Friends, As the year of the Merge ends, we wanted to share updates from many of the Ethereum gardeners and EF-supported teams that achieved long sought accomplishments, both big and small, alongside the rest of the ecosystem in 2022. We all have a lot…
Ethereum started a fresh decline from the $1,230 resistance against the US Dollar. ETH could accelerate lower if there is a clear move below the $1,180 support.
Ethereum is showing bearish signs and trading well below the $1,230 resistance zone.
DeGods II and y00ts NFTs, currently the #1 and #2 collections in Solana, are set to bridge to Ethereum and Polygon, respectively.
The post Top Solana NFT Collections to Set Foot in Ethereum, Polygon by 2023 appeared first on BitPinas.
The Protocol Support team is organizing a grant round to support the upcoming Ethereum KZG Ceremony. The KZG Ceremony is a coordinated public ritual that will provide a cryptographic foundation for Ethereum scaling initiatives like EIP-4844. Learn mor…
On Dec. 14, 2022, statistics show that non-fungible token (NFT) sales jumped 27.72% higher than NFT sales recorded last week. The Bored Ape Yacht Club (BAYC) NFT collection captured the most sales this week but on Wednesday afternoon, the floor value tied to Cryptopunks once again jumped above the floor value associated with the BAYC […]
Bitcoin continues to trade close to $18,000 on Wednesday, as markets remain bullish, following the latest U.S. inflation report. Following the data, which saw consumer prices rise to 7.1%, many expect the Federal Reserve to increase interest rates by 50 basis points. Ethereum was also higher today, and stayed close to a five-week high. Bitcoin […]
The Ethereum price has moved in the same direction as the broader market. In the last 24 hours, Ethereum has moved up by 2.5%. On the weekly timeframe, the altcoin has rarely registered any movement. This reflects lateral trading for ETH. In the short term, the altcoin might be registering gains, but as the technicals indicate, the coin can depreciate again before it rallies. Accumulation has been considerably low on the chart. Buying activity must significantly increase if ETH is to break above the $1,300 price mark. Even though ETH remained comfortably above the $1,220 price, buying strength has been weak on the daily chart. Ethereum has to keep trading above the $1,240 and $1,250 price levels for the coin to take a shot at $1,300. The bulls will lose all strength if the Ethereum price moves below the $1,240 mark and closes near $1,230. This price pullback can then further fuel a rally to $1,300. Related Reading: Ethereum: On-Chain And Social Metrics Reveal Bulls Vs. Bears Battle – Who’s Winning? Ethereum Price Analysis: One-Day Chart ETH was trading at $1,275 at the time of writing. The coin is presently consolidating after flipping the $1,240 level as support. Immediate resistance for Ethereum stood at $1,290; the coin is expected to encounter a setback at that level. However, ETH must stay above $1,250 to avoid a significant loss of value. The bulls must keep defending the $1,250 level regarding the closest support line. The amount of Ethereum traded in the last session declined slightly, indicating a fall in the number of buyers in the market. Technical Analysis Corresponding to the earlier statement about low buyers, the technical outlook also painted the same picture. Although above the half-line, the Relative Strength Index remained weak as it displayed a downtick on the daily chart. This reading is associated with a fall in demand and accumulation. On the contrary, the Ethereum price was above the 20-Simple Moving Average. The indicator depicted that ETH was in the hands of the buyers, as the buyers were driving the price momentum in the market. With buyers still under some control of the price, the Moving Average Convergence Divergence (MACD) reflected the same sentiment. MACD indicates price movements and trend reversals; the indicator displays small green signal bars tied to the buy signal for ETH. However, it is to be remembered that the signals were declining in height, indicating a fall in demand. Bollinger Bands demonstrate the chance of price fluctuation and volatility in the market. Because the bands remained parallel, Ethereum is expected to trade within a range in the coming trading sessions. Related Reading: Ethereum Price Bulls Hold Strong, Indicators Suggest Fresh Rally To $1,400 Featured image from Unsplash, Chart: TradingView.com
Ethereum (ETH) has failed to rise above key resistance at $1,300 despite rising around 4% over the past 24 hours. At press time, the second largest cryptocurrency by market cap was trading at $1,289. As the trading volume shows, the bulls and bears have woken up again. In the last 24 hours, the trading volume was $6.4 billion, which is about 31% higher than the previous day. Ethereum On-Chain And Social Metrics Show Uncertainty Analysis company Santiment has conducted an analysis of bullish and bearish signs in on-chain and social data for Ethereum and the result is mixed. A bullish argument is made by Ethereum’s shark and whale addresses. As Santiment writes, just as with Bitcoin, the ETH millionaire addresses gave up much of their supply while conditions looked poor. Related Reading: How Litecoin (LTC) Outperforms Other Top Cryptocurrencies In This Department However, this circumstance has fundamentally changed recently. A month ago, large ETH addresses started accumulating Ethereum again. Since November 7, Ethereum addresses holding 100 million to 1 million coins have accumulated 1.36% of the total supply and 2.09% more ETH overall (than before). Social volume, on the other hand, looks bearish. As with the majority of all cryptocurrencies, the number of discussions on Ethereum is decreasing, but this seems normal for a bear market. As Santiment notes, this is not necessarily a bad thing when the weak hands leave the market. What is negative, however, is that “there is so little talk about Ethereum compared to other top assets.” Related Reading: Upcoming FOMC Meeting Is The Most Important Ever For Bitcoin – Watch Out For The Dot Plot At the same time, this could also turn into a bullish argument if bullish whales can drive the price higher with little resistance, thus significantly affecting the general market sentiment. Currently bearish is also the MVRV (average trading return of addresses). The average return among long-term (365-day) addresses still indicates a “lot of pain.” However, based on an emerging long-term uptrend in the MVRV, the metric could also be moving into bullish territory. Extremely bullish is the remaining supply of Ethereum on exchanges. This is at a 4-year low of 12.1% of total supply. Thus, the metric clearly points to a nascent bottom that is forming. Sides Are Still Polarized In contrast, funding rates (perpetual contracts) are neutral. Neither the bulls nor bears can prevail on this metric at the moment. ETH funding rates have been too flat to swing in either direction since the FTX implosion. In terms of realized gains/losses, the bears are clearly winning at the moment, according to Santiment’s analysis. Given the recent surge in the Ethereum price, there is currently a lot of short-term profit-taking. Ultimately, Santiment summarizes: Overall, Ethereum’s on-chain and social metrics are about as mixed as the crowd’s perspective is. […]Long-term? […] Ethereum is very likely closer to its upcoming 3-year low vs. its 3-year high. But are we at maximal pain? Probably not yet.
Ethereum has been showing bullish momentum in the last seven days. ETH has gained momentum in the past 24 hours, while other coins are still declining. This rally supports some theories that the asset will rise above the resistance level in the coming days. Weeks after a massive fallout, the second largest cryptocurrency is heading towards a comeback. The FTX crisis, with other macro factors, affected the entire crypto market, with many assets crashing flat. Although there are many uncertainties in the crypto market, hope seems to be returning to the Ethereum community. Related Reading: MATIC Price Battles Under $1 Despite Bullish Signals Vitalik Buterin, the Ethereum co-founder, made a statement urging people to focus on the technology instead of the current prices. The co-founder was confident that Ethereum-based applications for monetary transactions would scale up the blockchain in the long run. Ethereum Whales Are Buying The Dip In Buterin’s notes, he expressed a bullish stance that the decentralized stablecoins and the other applications built on Ethereum could have long-term benefits. Meanwhile, bullish Ethereum holders are taking advantage of the dip to accumulate more Ether positions. According to data from Santiment, Ethereum whales are taking advantage of the low prices to buy more ETH. The blockchain analytical firm tweeted that the shark and whale address, with 100 to 1 million ETH, added 2.1% more coins to their wallets. It could be a sign of bullish sentiment for a price rally in the weeks to come. Ethereum is currently trading at $1,280. Two months ago, before Ethereum transitioned to proof of stake, many investors were bullish about the price increase the upgrade could bring. However, two months after the merger, their hopes got dashed as the asset price continuously dropped. Although the upgrade sought to improve the blockchain’s infrastructure, the co-founder said it could take months to reflect on the ETH price. Bitcoin Stays Down While XRP Surges Amid Whale Accumulations While Ethereum seems to exhibit some bullish trend, Bitcoin is declining with a 24-hour price drop of $0.02%. Other coins are not doing any better, including FTX, except XRP. The report shows that the XRP price increased in the last 24 hours after whale accounts moved over 160 million tokens. According to a report, whales accumulated more than $19 million of XRP tokens from the Bitso crypto exchange. In addition, the report revealed that the tracker recorded another whale addition of 40 million XRP, approximately $15.3 million. Related Reading: Bitcoin Price Prediction: What Elliott Wave Theory Suggests Is Next For BTC The tracker also reported that an account with the name, Ripple, moved more than 50 million XRP of about $19.2 million to an anonymous wallet. These accumulations saw XRP’s price gain a 2% increase in the last 24 hours and are currently trading at $0.3918. The news comes as the XRP lawsuit tends towards a summary judgment. Featured image from Pixabay, chart from TradingView.com
Before the year comes to a close, we’d like to highlight the amazing projects that received funding in the previous quarter. Read on to learn more about our Q3 grantee lineup! |Category|Project|Recipient|Description| |—|—|—|—| |Community & edu…
The Ethereum Foundation is excited to announce the winners of the Merge Data Challenge 🐼. The challenge ran for ~9 weeks surrounding the Merge, allowing for data analysts to gather and review information both before and after the big event. Participan…
This week saw a positive recovery in some crypto assets, Ethereum included. It is gaining momentum and preparing for a bullish rally in the days to come. Although Ethereum is still below $1,300, some factors suggest a possible increase to $1,350 and $1,550. The crypto market has been filled with FUD (fear, uncertainty, and doubt) in the past weeks following the FTX crisis. Crypto investors are left speculating whether to buy or sell holdings as assets plunged deeper. For example, reports show that Ethereum lost nearly 39% in a couple of weeks. The crypto market has been anticipating news of the U.S. Federal Reserve dropping its bullish stance on interest rate hikes from December. As signals point towards this expectation becoming a reality, some assets started showing signs of recovery. However, despite the bullish trend, Bitcoin remains down due to miners’ capitulation, while Ethereum is rising. Factors Indicating Massive Ethereum Price Surge Coinglass’ crypto derivatives data shows that Ether futures open interest on Binance has reached an all-time high of 2.01 million. It amounts to a 9% increase in Open Interest in the last 24 hours, indicating a high probability that Ethereum will increase in the coming weeks. On-chain data from Glassnode also revealed that the total value of the Ethereum 2.0 deposit contract hit an all-time high of 15,492,407 ETH. Ethereum validators’ revenue has also reached a 1-month high of 11.310%. These records have got players and analysts reacting. For example, Michael van de Poppe believes ETH is exhibiting strength as it rose from the $1,150 level to the current price. The analyst predicts that a break above the $1,225 level would trigger a rally toward $1,350 and maybe $1,550. Traders look forward to holding their Ether if it remains above the support level of $1,200. Analysts also believe the ETH price increase will rub off on other altcoins. ETH Price Journey Many traders were bullish about Ethereum’s price increase after the completion of the merger. However, Ethereum neither surpassed nor bounced back to the $1,700 level after the merge. With the macroeconomic situation, the asset continued falling and went below the $1,500 physiological. Whale accumulations saw ETH price drop from $1,661 to $1081 in one month. Whales saw the price declines as an opportunity to accumulate ETH holdings. Whale accumulations are often indicators of an asset’s bullish recovery. However, it didn’t seem so initially for Ethereum, whose price dipped to $1,081. Now the tables are turning, and Ethereum seems to gain bullish momentum, rising towards $1,350. Ethereum is trading at $1,283 with a 24-hour trading volume of $6,205,108,773. With the ETH price above the critical support level of $1,225, there may be hope for more increase. The price surged nearly 2% in 24 hours and 8% in the past week. Featured image from Pexels, chart from CoinGlass and TradingView.com
Demand for liquid Ethereum staking options gains pace in the months following the Merge, according to blockchain data.
BTC and many altcoins are kicking up dust after the Federal Reserve chairman Jerome Powell discussed the possibility of smaller rate hikes in 2023, but is the momentum sustainable?
As previously announced, the Ropsten network has been deprecated and will be shut down in the coming weeks. Over the past few months, infrastructure providers have gradually stopped supporting the network and validator participation rates have been ste…
Bitcoin and most major altcoins are witnessing a relief rally but higher levels are likely to attract strong selling by the bears.
A few weeks ago in October, much of the Ethereum community came together in South America as we reunited for Devcon VI in Bogotá, Colombia! Today we want to say Thank You(!) to every attendee, volunteer, and contributor that made Devcon VI a success. …
Smart contract platform tokens and decentralized finance (defi) protocols have taken a beating since the FTX collapse last week. The market capitalization of all the smart contract platform tokens in existence lost more than $22 billion during the last 36 days. The total value locked (TVL) in defi protocols has dropped to $43 billion, the […]
Ethereum moved into the red on Nov. 16, as markets became nervous, following a missile accidentally exploding in Poland. Fears grew of potential escalation in the war between Russia and Ukraine, as the missile hit Poland, which is a NATO-backed country. Poland and NATO have both downplayed the strike, and have so far not accused […]
On Nov. 11, 2022, the CEO of Crypto.com Kris Marszalek shared the company’s proof-of-reserves addresses that hold leading crypto assets like bitcoin and ethereum. Marszalek says a “proof-of-reserves audit preparation is underway” and the wallet addresses shared are the company’s cold wallets. Crypto.com CEO Kris Marszalek Shares Company’s Cold Wallet Addresses, Promises Full Audit Soon […]
Ethereum was trading higher on Friday, as cryptocurrency markets continued to rebound, following yesterday’s U.S. inflation report. The better-than-expected 7.7% CPI (consumer price index) figure for October boosted prices, following recent bearish sentiment. Bitcoin briefly climbed back above the $18,000 level on Friday. Bitcoin Bitcoin (BTC) moved higher on Friday, as the token rebounded following […]
Swedish researcher Eric Wall highlighted StarkNet’s influence on Ethereum’s scalability as he joins the board of the newly formed StarkNet Foundation.
The Ethereum Foundation (EF) exists to help the Ethereum ecosystem thrive, and there are still many discoveries to be made about what Ethereum can do for the world. That’s why we support individuals that have the potential to unlock parts of Ethereum’s…
Ethereum price has held onto its bullishness on the one-day chart. In that timeframe, the altcoin has managed to increase in value by 3%. Over the last week, the coin rallied over 21%, breaking past multiple resistance levels, which has further strengthened the bulls. The coin has to zoom past two important resistance lines in order to continue its bullish streak. The technical outlook of the coin continued to display bullish momentum. There was a surplus of buyers as Ethereum price shot up to the overbought zone. Bitcoin has finally settled at the $20,000 price mark over the last 24 hours, turning other altcoins positive too. Ethereum price has been rangebound for multiple weeks, but with the overall market turning green, the coin has helped the altcoin eye its next major resistance line. If ETH manages to break past the $16,000 zone, then a move to the $2,000 price mark could be likely. On the other hand, if buying strength loses steam, then ETH can again start to exhibit rangebound price movement. Ethereum Price Analysis: One Day Chart ETH was trading at $1,560 at the time of writing. Ethereum price has soared considerably over the past week, breaking past its consolidation phase. If the coin has to sustain this price momentum, it is important that it trades above its immediate resistance of $1,630. Moving past that level will help the bulls challenge the $1,700 price mark. This would help the bullish thesis gain strength. Once the altcoin moves past the $1,900 mark, Ethereum price will be completely in the control of the bulls. In case the surge doesn’t last, a fall will bring the altcoin to $1,300 first and then finally to $1,200. In the past few trading sessions, the amount of ETH traded witnessed an increase, pointing towards higher demand for the altcoin. Technical Analysis The altcoin was overbought on the one-day chart. The last time Ethereum visited this zone was in the month of August. This marked a multi-month high for the altcoin in relation to the buying pressure it witnessed. The Relative Strength Index was above the 80-mark, which signifies that ETH was overbought as demand for the coin increased. Ethereum price was above the 20-SMA line, which was a sign of bullishness as buyers were driving the price momentum in the market. With sustained demand, the 20-SMA could cross above the 50-SMA line, forming a golden cross, which is considered to be bullish. Related Reading: Solana Price Bounces Back, Move Above $34 Remains Crucial The other technical indicators were also quite bullish, supporting the notion that buyers had taken over. Moving Average Convergence Divergence indicates the price momentum of the coin and the price direction. The MACD was positive as it formed green signal bars which were growing. This pointed to a buy signal for the coin. The Directional Movement Index was also positive as +DI was above the -DI line, which signals a bullish price direction. The Average Directional Index (red) was above the 20-mark, forming an uptick pointing in the price direction, gaining strength. Related Reading: Here’s What’s Keeping Ethereum From Taking Bitcoin’s Shine, ETH Claims $1,500 Featured Image From UnSplash, Charts From TradingView
During the last week, non-fungible token (NFT) sales volume has managed to climb 1.9% higher than the week prior with $85 million in NFT sales in seven days. However, the number of NFT buyers slid by 12.63%, and the number of NFT transactions is down 19.19% on October 23, 2022. NFT Sales Record a Slight […]
Solana continues to paint its charts in red, registering declines on its intraday, weekly, biweekly, monthly and year-to-date price metrics. Solana loses over 7% of its value over the last seven days SOL’s extended bearish movement will likely pull the asset below $25 Solana’s current TVL is less than a billion The crypto has already lost 89.3% of its November 6, 2021 all-time high (ATH) of $259.96 and is currently trading at $27.81 according to tracking from Coingecko at the time of this writing. Over the last seven days, the altcoin dropped by 7.4%. On a 14-day period, Solana declined by over 15% as it failed to make any kind of recovery for quite some time now. As if the cryptocurrency hasn’t suffered enough already, its analysis points indicate it is due for a bearish pull in this extended crypto winter. Solana Seen Dropping Before Bouncing Back After Solana fell below the crucial $30 marker, its chart had red candlesticks for three straight days, putting its trajectory into a further decline. The digital asset’s problems became bigger when it dropped below $28 as its 20 and 50 Exponential Moving Average (EMA) indicated sellers having a huge advantage this time. Related Reading: AVAX Sheds 50% Over The Last 60 Days – More Losses Ahead? Source: TradingView A piece of good news, however, is that despite having another bearish run, Solana managed to keep its hopes of making a bounce back intact. A massive downward pull will likely put the altcoin in $26.3 support which will give sellers the opportunity to do their work and deflate SOL’s price further, all the way to $24. After this, the digital coin is seen to have some breathing room and prepare for an upward price rally which will target the $27 to $29 range. If Solana manages this, it will recover some of its losses over the last week. Analysts, however, are seeing a slow moving phase for the crypto asset. Solana’s DeFi Locked Value Plummets To Under A Billion Solana used to rival some of the more prominent blockchains in terms of its Decentralized Finance (DeFi) total value lock (TVL). Just last year, the network’s TVL recorded a massive surge as it reached over $10 billion. However, at press time, that value significantly dropped and is at just above $860 million. Not only did Solana’s TVL dried up, it is in danger of going down even more as the DeFi industry has lost a lot of its momentum. It would appear not many people are willing to gamble and take risks in a market that is under a bearish streak. If this continues, SOL will likely end-up falling below the $25 marker and will lose any chance of triggering a bullish rally on the way to hitting another all-time high. Related Reading: Uniswap Coin’s Bullish Trajectory Sets UNI To Breach $7 Level – Time To Buy? SOL total market cap at $9.9 billion on the weekend chart | Featured image from Analytics Insight, Chart: TradingView.com Disclaimer: The analysis represents the author’s personal views and should not be construed as investment advice.
Ethereum completed its shift from proof-of-work (PoW) to proof-of-stake (PoS) via the highly anticipated “merge” last September 15, 2022. But after more than a month from that historic event, Bitcoin’s closest rival still has nothing to show for as its price flat-lined as it failed to take off despite the hype that surrounded the second largest cryptocurrency before the merge. Ethereum struggles to breach and sustain the $1,300 marker ETH is caught in a pattern that will extend its bearish momentum A bullish run is still possible with $1,400 as the immediate target At press time, according to tracking from Coingecko, Ethereum is trading at $1,297 and while it managed to increase by 3.6% over the last 30 days, it is still nowhere near the level it was expected to be after its blockchain’s transition. The coming days could prove to be more challenging for the digital asset as there’s a possibility it could experience severe price dump. Related Reading: Flow Rolls Out Blockchain Tools As Social Dominance, Coin Price Seen Rising Ethereum Could Be Looking At $1,000 As Support The altcoin’s daily technical chart shows its price established a symmetrical triangle pattern which accelerates prevailing trend movement. In Ethereum’s case, this is not favorable news considering it has been on a consistent decline over the last few weeks. Source: TradingView With its current bearish momentum, ETH could end up being in a steep fall all the way to support range of between $1,200 and $1,000. The asset’s volatility is also high, but this could work either way as it presents an opportunity for an upward break in the trendline that could trigger a price rally up to $1,400. If Ethereum manages to keep $1,400 as a resistance marker and continue with a bullish movement, it could prime itself to test the $1,550 levels. The King Of Altcoins Can Still Surge While some sectors in the crypto space has called the Merge as a dud, Ethereum still has a lot of fight left in it as there is still chance for it to surge and be back in conversations of being at par with Bitcoin. In fact, even if BTC price remains in status quo and consolidates for a while, ETH’s could start its own rally to surge and invalidate the previous bearish thesis about its trajectory. If the conditions are met and Ethereum manages to flip the crucial $1,730 resistance marker, it will revisit the psychological $2,000 level. If that happens, the digital asset will be several steps closer to its all-time high of $4,878 which was attained in November of last year. ETH total market cap at $159.2 billion on the weekend chart | Featured image from Forkast, Chart: TradingView.com Disclaimer: The analysis represents the author’s personal views and should not be construed as investment advice.
Ethereum fell to a nine-day low during Tuesday’s session, as the U.S. dollar rose to a two-week high. The decline comes ahead of this week’s U.S. inflation report, which is expected to show consumer prices falling by 0.2% month-on-month. Bitcoin was also in the red during today’s session, moving below $19,000. Bitcoin Bitcoin (BTC) fell […]
XRP has maintained a daily calmness but emerged as the week’s top performer. The token took to the north with 18% weekly gains as the price crossed the $0.5 mark before falling. Also, other altcoins have been making slight losses daily in the past week. The crypto market is witnessing a drastic twist in the overall movement of prices. In the past few weeks, the crypto assets have been going on and off in both north and south directions. However, after reclaiming slightly during last week, most of the crypto coins lost almost all they had gained during the weekend. Bitcoin has been struggling to push upward in the past 24 hours. This was after the primary crypto asset lost its anchor on the critical level of $20K. BTC is almost going below the $19K region with more bearish force in the market. Related Reading: Bitcoin Whale Ratio Surges Up As Leverage Remains High XRP Takes The Win For This Week The weekend is not favorable for the majority of crypto assets. The market saw low trading volumes from Saturday, which spilled into Sunday. As a result, most altcoins have been calm, with minor dips in their values. XRP emerged as the winner with gains of 18% over the past week. Its performance stands as the best among the large-cap altcoins. With the sudden breakout in price, the token has finally crossed its coveted 0.5 mark. The second largest crypto asset, Ethereum, plummeted in the early trading hours. The price of ETH is hovering below $1,300. Other altcoins like Solana (SOL), Polygon (MATIC), and Polkadot (DOT) have the same records. On a daily measurement, Cardano, Shiba Inu, BNB, and Dogecoin dipped significantly by about 2.5%. QNT, which bagged the best performer for yesterday, has also plummeted. Bitcoin Now Hovers Around $19K Region Bitcoin has had a complex story with its performance recently. The primary crypto is currently hovering around the $19K region, and there are doubts that it will receive more support. In addition, the recent release of the US job report had a bearish effect on Bitcoin, which lost almost $1,000 following the announcement. Related Reading: Bitcoin Struggles To Retain The $20,000 Mark While ENS Protocol Gains Last week, BTC hit its three-week high of $20,500. But, it gradually started a south movement to $20,000. The largest global crypto asset stalled at this critical region for some days before moving south again. At the time of writing, BTC is trading at around $19,238, showing an increase over the past 24 hours. Featured image from Pixabay, charts from TradingView.com
The total cryptocurrency market cap saw net outflows totaling $20.53 billion.
The post CryptoSlate Daily wMarket Update – Oct 10: XRP leads losses as Bitcoin holds steady at $19K appeared first on CryptoSlate.
Ethereum declined below the $1,300 support against the US Dollar. ETH is showing bearish signs and there is a risk of a more losses towards $1,200 or even $1,150.
Ethereum started a fresh decline below the $1,350 and $1,320 support levels.
The price i…
Since the Federal Reserve began hiking interest rates to control inflation, the cryptocurrency and stock markets have performed poorly, forcing investors’ interest in US Treasury bonds to rise.
The post Excitement for crypto fades as investors pile into bonds appeared first on CryptoSlate.
This year’s Devcon is special in many ways. We’ve used the last three years to create a whole new experience based on all that we’ve seen at past Devcons, and lessons learned while event-planning during the pandemic. Devcon VI involved the community vi…
Things are looking up for Ethereum. Now that The Merge is complete, a huge weight (measured in tonnes of CO2) has been lifted from the Ethereum community’s collective conscience. And the world-at-large is watching to see what this community does next. …
Bitcoin was trading lower on Saturday, as cryptocurrency prices continued to trade in the red following the latest U.S. nonfarm payrolls (NFP) report. The token dropped for a fourth consecutive day, moving closer to a key support point in the process. Ethereum was also in the red, hitting a five-day low in the process. Bitcoin […]
Despite seeing a 3.11% drop in value in September, bitcoin still outperformed both the S&P 500 and Nasdaq, the latest Cryptocompare report has shown. Ethereum, on the other hand, was named “the worst performer after the long-awaited Merge proved to be a ‘buy the rumour, sell the news’ event.” Increased tether and U.S. dollar trade […]
According to Dappradar’s latest crypto industry report that covers 2022’s third quarter, the crypto economy and its participants are “riding out the bear market.” However, these days a number of macroeconomic events have influenced the crypto market, and Dappradar researchers say it’s currently “impossible to foresee a worldwide expansion of cryptocurrencies without a general recovery […]
Welcome to Devcon! This is your Devcon VI Manual, and it includes everything you need to know about Devcon, the surroundings and more. Read closely as we cover things to be aware of before departure, during transit to the venue from Bogotá’s internati…
Ethereum is following the general sentiment in the market as Bitcoin and other cryptocurrencies make a run towards previous highs. The second cryptocurrency by market cap knocked some gains over today’s trading session but seems poised for a re-test of its lows before moving to the upside. Related Reading: LUNC Price Gains 50% Despite Kwon’s Troubles, What’s Driving It? At the time of writing, Ethereum (ETH) trades at $1,300 with a 2% profit in the last 24 hours and in the last week. Unlike in previous rallies, ETH’s price is lagging larger cryptocurrencies, such as Bitcoin, the number one crypto that records a 4% profit over the same period. Ethereum At Critical Point, Will It Finally Breakout? Today’s bullish price action seems to be prompted by a rebound across legacy financial markets, the S&P 500 and Nasdaq 100 have been trading in the green giving cryptocurrencies room for a run. The bullish price action is leading to a change of sentiment across the digital asset class as investors turned optimistic. Over the weekend, with traditional markets close, the situation was different and market participants were gearing up for a potential leg down. According to a pseudonym trader, Ethereum saw a spike in Open Interest (OI) against the U.S. dollars. This increase in OI was recorded as the cryptocurrency trended to the downside. Therefore, the analyst claims that the metrics hinted at a spike in short (sell) positions from traders expecting further downside in the short term. The liquidity provided by these short positions accumulates to the upside, making each rally stronger and fueling further bullish momentum. However, the analyst believes the market might take this upside liquidity before re-testing support levels. The pseudonym trader wrote the following via his official Twitter account: I said yesterday that there was a lot of short build up on $ETH. They’re getting squeezed now. Once that’s done it gets slapped back down I think. Looks like a clean short set-up. Related Reading: Quant Explains How US Stock Market Volumes Influence Bitcoin Price In case of potential downside, data from Material Indicators shows that the area between $1,280 and $1,250 has the biggest concentration of bid (buy) liquidity on low timeframes. These levels might provide the bulls with strong support to either resume the bullish momentum or send ETH back into accumulation mode.
The Ethereum Merge upgrade is expected to haul in more new users on the network which happens to be true with the surge of new active wallet addresses on the platform. Ethereum’s new active wallet addresses climb to a new ATH of 3,001.804 ETH seen to spike in terms of social media engagements and mentions ETH price up by 0.46% as of press time According to a Twitter post by Glassnode shared on October 2, the number of new active wallet addresses on the Ethereum network recently climbed to a new ATH of 3,001.804. While it’s true that this screams a boost in investor interest in the alt, the recent plunge in market volume and sentiment seems to be in contrast to everyone’s expectations to date. The number of new active wallet addresses on the Ethereum platform is seen to have dropped in August and recovered since September. Related Reading: Crypto Community Predicts Polygon (MATIC) To Rise Nearly 20% By October 31 Spike In Number Of ETH Addresses Trigger Increase In Social Metrics The increase in the number of wallet addresses also triggered a spike in social media engagement of the altcoin. Ethereum has shown a significant improvement of 4.63% surge in terms of social mentions and also 27.6% in social engagements. The Merge has created a lot of buzz on social media especially in the past month but the overall sentiment wasn’t purely positive. In fact, Ethereum is down in terms of weighted sentiment as seen in the last few days. In addition, ETH value has also been moving downwards as seen in the past couple of days. The altcoin volume has retreated from 13.45 billion on September 30 to only 6.03 billion on October 2. On the brighter side, even with the negative public sentiment, Ethereum still managed to attract more whale investors in the altcoin. Evidently, the top 500 ETH whales have gained interest in investing and buying the crypto. The momentum of Ethereum has shown some growth as seen in the past three days indicating an increase in wallet transactions involving Ether. Ethereum Development Activity Decreasing More so, the altcoin also gained the approval of Deutsche Telekom following their announcement of planning to roll out an Ethereum validator. On the other hand, the development activity on Ethereum has been spiraling down too which implies the decrease in activity on the GitHub. The current market state has however negatively impacted Ethereum as even the Merge failed to meet expectations in terms of capital outflow. Consequently, despite the growth in terms of wallet transactions and the rise in social media engagements, the price of ETH wasn’t able to keep up with the positive sentiment. The coin is seen to recover a bit and is in the green lane as of publication. According to CoinMarketCap, ETH price has soared by 0.46% or trading at $1,304.30 as of this writing. Related Reading: Shiba Inu Fanbase Awaits Eternity Download Event – Will It Boost SHIB Price? The ETHUSD pair is trying to break past the $1,317 level on the daily chart | Source: TradingView.com Featured image from Top Trend Coins, chart from TradingView.com
Since the launch of bitcoin, there have been massive gains recorded by those that got in early and held on long enough. The same was the case with Ethereum, whose market cap grew to the hundreds of billions. However, the growth that these digital assets have already seen over the years, it has put a hamper on how much they can still grow over the coming years. This is why investors are looking elsewhere for larger gains. Bitcoin, Ethereum Gains Are Lower Over the last bull market, it became apparent that bitcoin and Ethereum will no longer be able to give the kind of returns that early investors had gotten. During the previous cycle low, bitcoin had dropped to as low as $6,000 but had reached $69,000 during its peak. This was a 10x growth for the digital asset. Related Reading: Why Most Public Bitcoin Miners Have Performed Terribly In Their Lifetimes The case was similar to Ethereum, the second-largest cryptocurrency by market cap, although it had fared much better compared to bitcoin. It had grown from its cycle low of around $100 to $4,800 at its peak. This was about a 500x growth for the digital asset. BTC grows 10x | Source: BTCUSD on TradingView.com However, their already massive growth has been putting investors off of them, not because they are not good investments but because the potential to explode exponentially has been greatly reduced. An example is that from bitcoin’s current price, even if it were to reach $100,000 per coin, it would still be a less than 10x growth. The same with Ethereum, although the digital asset does carry more potential for larger growth compared to bitcoin due to it being much younger. If ETH were to grow to $10,000 per token, it would barely be a 10x growth. Altcoins Take The Cake Altcoins had barreled ahead of market leaders such as bitcoin and Ethereum when it came to gains in the last bull market. Where these large digital assets were doing below 500x, smaller altcoins such as Dogecoin and Shiba Inu had recorded ROI in the thousands. Related Reading: Bitcoin Sees Massive Decline In On-Chain Activity Mainly, meme coins were notorious for such returns, but altcoins from other spheres had seen the same kind of growth too. FTM is a token that had traded as low as $0.2 and peaked above $3.4 during the bull market. DOGE’s price had made an impressive run-up from $0.004 to $0.7 at the height of its rally. However, these are only, but a small example of the many ways altcoin had been great investments during the bull market. With the next bull market expected to happen in 2024, it is no surprise when investors are turning to smaller cap tokens in hopes of catching the next DOGE or SHIB. Disclaimer: The following op-ed represents the views of the author, and may not necessarily reflect the views of Bitcoinist. Bitcoinist is an advocate of creative and financial freedom alike. Featured image from Medium, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
For a while now, Ethereum whales have been moving their coins around. This has been a direct result of the bear market that has caused investors to lose a significant amount of their portfolios. Even now, the crypto market is still being ravaged by declining prices. The result of this has been investors seeking refuge in tokens that do not see a lot of volatility, and Ethereum whales have not been left out of this flight to safety. Stablecoins Gain Favor Over the last 24 hours, the trade activity of the top Ethereum whales has shown a big shift towards stablecoins. These whales, who have usually been known to trade across a number of digital assets regardless of their volatility, are taking less risk during this time. The USDT stablecoin has been the number 1 token by trade volume for these top Ethereum whales. The average volume transacted by the whales came out to $267,328, even higher than the volume for ETH, which was the second-highest by trading volume. USDC featured in third place on this list, with an average amount of $89,180 over this time. Related Reading: Bitcoin Sees Massive Decline In On-Chain Activity In the same vein, the stablecoins were at the top of the most purchased tokens over this time. USDT naturally led the list, while USDC was in second place. Interestedly, ETH did not take 3rd place as expected because Ethereum whales bought more SRM than ETH over this time period. ETH price settles above $1,300 | Source: ETHUSD on TradingView.com On the topic of sales, the whales continued the trend of moving toward stablecoins. ETH was the most sold token over the last 24 hours, most of which had gone to converting ETH holdings into the more stable USDT and USDC. Ethereum Whales Want Stability Over the course of 2022, Ethereum whales have moved towards more stable options. While ETH continues to top their holdings, the change in their token holdings shows that these whales are getting ready to weather another bear storm. The start of the year had seen tokens such as Shiba Inu and FTX Token topping the holdings of these large investors. However, the tide has shifted so much in this regard that the largest token holdings of these whales are now in stablecoins. Related Reading: Why Most Public Bitcoin Miners Have Performed Terribly In Their Lifetimes Presently, USDC is the largest token holder of the top 100 Ethereum whales at $653.3 million (26.09%). It is then followed by USDT with a cumulative holding value of $575.14 million (22.96%). Shiba Inu still features highly on this list but is a long way from being the largest token held by these large investors. Given that analysts continue to warn investors that the bottom of the crypto bear market is not in, it is no surprise that these investors are looking for safety. If the bottom happens to be lower than already recorded cycle lows, then there is more pain to come. Featured image from CryptoSlate, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
Ethereum started a major decline from the $1,400 resistance against the US Dollar. ETH is moving lower and might even slide towards the $1,200 level.
Ethereum gained bearish momentum below the $1,350 and $1,320 support levels.
The price is now trading…
One of the most heated debates surrounding Ethereum’s transition to a Proof-of-Stake network focused on the issuance of ETH.
The post Research: Is ETH inflationary or deflationary after the Merge? appeared first on CryptoSlate.
Tether is now live on 15 different blockchain networks, according to the company’s latest announcement on Friday as the firm detailed that it is now supported by the Polkadot blockchain system. The stablecoin’s new support follows the token being added to the Near Protocol 11 days ago. The news further follows Tether being ordered by […]
Bitcoin was back in the red during Friday’s session, as the token was once again trading below $19,000. The recent decline comes as the global economic slowdown has become more apparent. This week, both the Bank of England and United States Federal Reserve have moved to increase interest rates, with the Bank of Japan also […]
Ethereum saw a major rejection near the $1,420 zone against the US Dollar. ETH is down over 6% and remains at a risk of a drop below the $1,220 support.
Ethereum started a fresh decline from the $1,420 resistance zone.
The price is now trading below $…
Though volatility is a core attribute of cryptocurrency, the swing is quite excessive for Ethereum. The price movement for Ether was progressive from the beginning of the second of the year. ETH gradually surged over the $1,800 level before the Merge. To some reasonable extent, the positive sentiment surrounding Ethereum’s transition from PoW to PoS contributed to the surge. As a result, several participants in the crypto industry tilted towards the second largest crypto asset by market cap. Related Reading: Ethereum Price Is Declining Following The Merge, Vital Trading Levels To Follow The token recorded a huge increase in its trading volume and other Ethereum derivatives over the period. However, the launch seems to come with a bearish trend for Ethereum. Just some hours following the Merge, ETH started a southward movement. The increasing selling pressure depleted the value gradually as the price kept decreasing. Through the past weekend, Ether plummeted below $1,300 as it lost sustainability on some supportive levels. Is Another Ethereum Correction Underway? There’s a hint for a more bearish pattern from the Ethereum technical chart. This implies the possibility of another correction of 25% from its current price, which hovers around the $1,350 region. So, ETH might dip further to $1,000. Based on the last report for the US CPI data for August, there’s an indication of a rise in the inflation rate. However, the response from the crypto assets has been very unfavorable. The FOMC (the Federal Reverse System’s monetary policymaking body) has scheduled its meeting for Wednesday, 21, 2022. But the entire crypto market is already feeling aggressive selling pressure before the outcome of the FOMC meeting. The analysis of the Ethereum price charts indicates a drastic drop below the token’s standard deviation. On the higher side, the price of ETH could not cross the hurdle at the $1,800 region. Also, the downtrend shows that Ether went beyond its critical support of $1,340. Hence, the overall technical implication is that the deviation from support levels has the risk of a downtrend. Related Reading: Bitcoin Dominance Reaches All-Time Lows As The Merge Nears This is primarily because Ethereum’s deviation is below the regression channel from the lows as of June. The token is now exposed to the third deviation retreat of $1,250. With that, ETH could hit the next possible support level of $1,000. ETH Derivatives And Liquidations According to data from Deribit, the number of Ethereum put, and call contracts has skyrocketed. Its open interest ranges between $1,000 and $2,000, with expiration by the end of September. The range could mark the possible trading value for Ether. There have been more liquidated positions as the price of Ether increases. As of yesterday, the entire crypto market recorded over $400 million in liquidations. At the time of writing, data from Coinglass shows that Ethereum has over $58 million in liquidated positions within the past 24 hours. Featured image from Pixabay, Chart: TradingView.com
Before the Ethereum merge event, some experts and investors predicted a fall in the price of Ethereum and hence traded cautiously. Popular analysts referred to the merge hype as a buy the rumor, sell the news scenario. The Feds reserves tightening and other market factors added to the volatility recorded in the valuations of ETH, BTC, and other Altcoins. After the merge event, analysts’ predictions proved right as the ETH price crashed below the support level. As a result, several ETH investments got withdrawn, and a few additions were recorded after the merge. Related Reading: ETH Backpedals After Hitting $1,800 Ahead Of Merge Last Week According to reports, ETH investments were reduced by $15.4 million, while BTC investments increased by $17.4 million. The data could imply that investors pulled out from Ethereum to Bitcoin. Contrary to the hype that followed the Ethereum merge, the ETH price has plummeted seriously. Earlier in September, the merge supporters believed that Ethereum would receive more investments after the merge. However, the reverse seems to be the case with the number of outflows recorded last week despite a smooth transition. Ethereum Price Drop Taking track of ETH price from the time before the merge till today, ETH price crashed from $1,800 to $1,300. This kind of record can only imply that several investors who previously held onto their ETH holdings have sold the same. Such a price drop is critical for Ethereum as experts have forecasted a further fall to $1,000 if ETH breaks below $1,250. In the early hours of September 15, ETH/BTC exchange price was at 0.0817BTC on Binance. ETH value dropped hours later to 0.0746 BTC and continued to decline. ETH price didn’t only fall against BTC; ETH/USD exchange value dropped too. Although ETH holders were not pleased with the price drop, the majority are looking forward to recovery with time. Among the optimistic investors is Matthew Sigel, head of digital assets research at VanEck. Sigel compared the post-merge ETH/USD performance to what BTC experienced after significant changes. He believes ETH would stabilize but is unsure about the time. Proof-Of-Stake Cryptocurrencies May Be Considered Securities, Says SEC Last week, the Chairman of the Securities and Exchange Commission, Gary Gensler, commented on staked cryptocurrencies. The regulator said in a Wall Street Journal edition that staked cryptocurrencies might be subject to regulations. He further explained that Staked crypto might be seen as securities. Following Gensler’s comment, there may be regulatory uncertainties surrounding the new Ethereum proof-of-stake Token. As a result, corporate investors may not want to dive into ETH investment because of regulatory uncertainty. According to the Journal, Ethereum’s proof-of-stake caught SEC’s attention. He further noted that proof-of-stake coins have contract attributes and will require SEC regulations. Gensler’s comments came out hours after the completion of the Ethereum merge. Related Reading: Ethereum Proof Of Work (ETHW) Gains 30%, Is More Upside Coming? Although Gary didn’t categorically point at Ethereum, his comment might have contributed to the fall in Ether price last week. Featured image from Pixabay, Chart: TradingView.com
We’re in a post-merge world, and the lessons keep arriving. As it turns out, the mythical Merge was a sell-the-news event for Ethereum. Technically, the event was a success and Ethereum kept a 100% uptime as optimistically predicted. Economically, the asset has been bleeding for the whole post-merge season. As a result, Ethereum lost ground against bitcoin, and bitcoin dominance is back up. Related Reading: Ethereum Price Is Declining Following The Merge, Vital Trading Levels To Follow Let’s go to Arcane Research’s The Weekly Update for the exact stats and numbers: “Since the merge, Ether (ETH) is down 17% in USD and down 13% compared to BTC, with ETHBTC currently trading at 0.07. ETH has found support at 0.07 ETHBTC, which represents the average ETHBTC price over the last 365 days.” Will this become a tendency or are these just the post-merge jitters? The Post-Merge Post-Mortem For a rational analysis, let’s quote The Weekly Update: “Ether traded idly after the merge, and volatility remained low until U.S. markets opened down. The ETH blow was related to a correlated environment to risk assets, but excess leverage from long traders contributed to exacerbating Ether’s relative underperformance versus BTC.” And the fact of the matter is that the old adage “buy the rumor, sell the news” applies perfectly here. Fuelled by hype, Ethereum’s price ballooned before the event. It was still far away from its all-time high of around $4,8K, but $1.7K was great for the market we’re in. The asset outperformed bitcoin and threatened its dominance. It was overbought, though. Post-merge, people sold and ETH is now in a downtrend. Textbook behavior that shouldn’t surprise a soul. The chart to watch, though, is that of Ethereum’s issuance. The main difference between the post-merge Ethereum and its predecessor is that the new coin will be much more scarce. And that could affect the price tremendously. ETH price chart for 09/21/2022 on Bittrex | Source: ETH/USD on TradingView.com State Of The Ethereum Forks One of the drivers of the pre-merge rally was the expectation that there might be forks and there might be airdrops. Two brand new Ethereum forks emerged from the messy situation. Those two suffered the most during this post-merge period. Back to The Weekly Update: “Ether has not struggled in isolation, Ether forks have experienced severe headwinds, and both ETHW and Poloniex’s competitor fork EthereumFair (ETF) have seen more than two-thirds of their valuation slashed since launch.” This brutal smackdown was to be expected. All forks generate something akin to an airdrop, as people received the equivalent to the ETH they had in ETHW and ETF. Users exchanged that free money for harder currencies pretty fast. And now it’s time for those forks, who the all-powerful stablecoins don’t support, to prove their worth. Related Reading: Bitcoin Dominance Reaches All-Time Lows As The Merge Nears An older fork was also in the news because of the merge and has been struggling as much as its cousins. “Ethereum Classic has also underperformed versus ETH. Amid the merge, many miners migrated to ETC, leading ETC’s hashrate to peak at 300 TH/s. However, as the difficulty has increased in ETC, the hashrate in ETC has declined to 186 TH/s” Some people thought that Ethereum Classic, who remains a Proof-Of-Work blockchain, was going to thrive post-merge. So far, they’ve been proven wrong. But we’re in the early innings and things might drastically change for old reliable Ethereum Classic. ETHBTC price chart on Binance | Source: The Weekly Update Conclusions Apparently, the merge was a success but the price didn’t hear the news. However, we should take into account that September is usually a bad month for cryptocurrencies in general. That, mixed with the classic “buy the rumor, sell the news” behavior have ETH against the ropes. For now. Featured Image by Gerd Altmann from Pixabay | Charts by TradingView and The Weekly Update
Ethereum is struggling to gain pace above $1,350 against the US Dollar. ETH must clear the $1,380 and $1,400 levels to start a steady increase.
Ethereum is facing an increase in selling below the $1,400 level.
The price is now trading below $1,400 and…
Ethereum price tried to rise on its daily chart at the time of writing. Over the last 24 hours, ETH rose by 2%, price action continues to be mundane. In the last week, the Ethereum price fell by 21%. Technical indicators pointed towards continued bearishness. Buying strength declined substantially, which has pushed the price of Ethereum closer to its immediate support line. If buyers do not defend the closest support line, then Ethereum could head for a further decline on its one day chart. For the bearish thesis to be invalidated, ETH has to hop past several resistances. Selling dominance can further push the altcoin down. With the price of major market mover Bitcoin declining on its respective chart, most altcoins have followed suit. ETH has to move past the $2000 price level for the bearish thesis to be invalidated. ETH bulls are required to defend $1,200 price zone or else ETH could free fall to the $1,000 price level. Ethereum Price Analysis: One Day Chart ETH was trading for $1,360 at the time of writing. Ever since Ethereum touched the $1,800 price mark, the bulls could not sustain themselves and caused the asset to tumble further. The closest support line for the coin stood at $1,200. It is crucial for demand to shoot up for buyers to hold onto the $1,200 price mark because a fall from that level could make ETH touch $1,000. Resistance for the altcoin was at $1,560, moving past which there could be a ceiling at the $1,800 price level. If ETH manages to break past $2,000, then the bearish thesis could be invalidated. The amount of Ethereum traded in the last session depreciated, signalling an increase in selling pressure. Technical Analysis ETH continued to slip south owing to a lack of demand at the time of writing. Indicators have also depicted bearishness on the chart. The Relative Strength Index was pictured below the half-line, and that meant excess selling pressure compared to buying strength in the market. That was a sign of less demand for Ethereum at the time of writing. The Ethereum price was seen below the 20-SMA as demand fell for the coin. It meant that sellers were driving the price momentum in the market. Related Reading: ETH Backpedals After Hitting $1,800 Ahead Of Merge Last Week The altcoin had displayed a sell signal at press time, indicating that there could be further bearishness. The Moving Average Convergence Divergence displays the price direction and the market momentum.The MACD underwent a bearish crossover, which led to the formation of red signal bars, signifying sell signal for ETH. Bollinger Bands that indicate price volatility and fluctuation also pointed towards an incoming price change as the bands widened at press time. Related Reading: Ethereum Proof Of Work (ETHW) Gains 30%, Is More Upside Coming? Featured image from Pixabay, Chart: TradingView.com
Equities markets are witnessing aggressive selling due to increasingly bearish macroeconomic factors, and this is adding sell pressure to Bitcoin and altcoin prices.
Nonetheless, ETHPoW is gaining adoption among top mining pools and crypto exchanges.
The aftermath of the Ethereum Merge gives no respite to crypto bulls, who face continued market pressure as stocks also trend down.
Ethereum rallied from the hype generated by the Merge announcement. Although this is recent news, ETH already hit the $2,000 mark after the bearish July market. After over a month of price increases, ETH’s price closed in on the $2,000 mark. One of its highest since the entire crypto market crashed. However, the most recent rally has placed confidence in investors and traders alike. Related Reading: XRP Bulls Charge Hard To Pull Prices Up Past $0.34 After A Dismal August The Highly-Anticipated Merge The rally was because of the recent ETH Merge announcements that has been the talk of crypto traders around the world. This move, according to Ethereum co-founder Vitalik Buterin, will bring efficiency to the network and reduce overall carbon footprint. These types of announcements however boost the confidence of traders and investors pushing the price up. As of this writing, ETH is oscillating at ranges $1,718.41 and $1,791.76. The token is also trying to entrench itself on the 78.60 percent in the Fib retracement. Related Reading: How Litecoin (LTC) Is Able To Muster A 5-Day Straight Rally Ethereum Bulls Try To Breach Resistance The recent support is set at $1,740.63 with the resistance at the $1,802.12. The bulls have consistently tried to target $1,802.76 resistance to continue the rally. But as the graph shows, the rally has stagnated and the bull now tries to consolidate the position. Two things might happen while ETH’s price stabilizes; (1) the resistance will be pierced on a later day and will rally again, or (2) the price breaks the $1,740 support and drops. If the price pierces the 61.80% Fib level, then the bulls will gain momentum and may reach $2,000 in a few days’ time. But the indicators say otherwise. The CCI and Stochastic RSI numbers indicate a slow down in trend price. As of writing, the CCI is at 16.69 and Stoch RSI at 16.17 indicating a small sell-off movement. If the bulls manage to gain momentum once again, then the price might jump and pierce to the next resistance level at the 61.80% Fib level. If the price goes down however, we can expect the support to be at the $1,662.31 range. This is a crucial point in ETH’s history pre-merge. If the bulls fail to at least consolidate the price at the $1,740 support line then there will be a large chance for a downward price reversal. This would inherently have an effect on ETH’s price post-merge. Crypto total market cap at $1.02 trillion on the daily chart | Source: TradingView.com Featured image from Crypto News, Chart from TradingView.com
Ethereum gained pace above the $1,700 resistance against the US Dollar. ETH is showing positive signs and might even clear the $1,800 resistance.
Ethereum started a major increase and settled above the $1,700 level.
The price is now trading above $1,7…
The Arbitrum network allows users to use Ethereum more efficiently. Learn how to access it to pay lower gas fees and execute Ethereum transactions faster.
The Merge is happening soon! This post explains how and when the upgrade will happen, along with the client versions compatible with it. Kiln, an Ethereum merge testnet launched in early 2022, will be shut down during the week of September 12, 2022. Ro…
It’s time to share the list of outstanding grantees who received funding in Q1 and Q2 of this year! You can learn more about their projects below:…
A guide to the projects and companies working to make web3 development as easy as web2Around the Block, from Coinbase Ventures sheds light on key trends in crypto. Written by Jonathan King, Connor Dempsey, & Hoolie TejwaniSpecial thanks to Mike Arm…
Do you enjoy solving interesting and challenging problems? Are you interested in getting involved at the most foundational level of the Ethereum protocol? The Protocol Support Team (EF) is excited to announce that applications are now being accepted f…
Since the first post in December 2013, the Ethereum Foundation (EF) blog has been the primary way teams within the EF communicate. From announcements about events, to grant waves, protocol upgrades, regular [updates from specific teams](/2021/12/22/ef-…
With just over two weeks left until The Merge, ethereum’s value against the U.S. dollar has lost all the gains the crypto asset recorded leading up to the hardened date. In mid-August, ether managed to climb above the $2K zone but since then, the second largest cryptocurrency by market cap lost 23% over the past […]
Bitcoin was trading close to $20,000 to start the weekend, as traders reacted to comments from U.S. Fed Chair Jerome Powell during Friday’s Jackson Hole summit. Powell warned that “there will be some pain ahead,” as the Fed attempts to bring the rate of inflation down. Ethereum was below $1,500 on Saturday. Bitcoin Bitcoin (BTC) […]
Ethereum is a lot more than cryptocurrency. It is an open-source framework that works continuously to provide solutions like Plasma. Read about it here!
~20 days until the Merge 🚀 tl;dr The Merge Data Challenge is live! Collect, analyze, and visualize all of the data Merge Mainnet client releases are out. Did you upgrade yet? Merge Data Challenge 🧪📊 In preparation for the imminent Merge, the Merge …
Ethereum is moving to proof-of-stake! The transition, known as The Merge, must first be activated on the Beacon Chain with the Bellatrix upgrade. After this, the proof-of-work chain will migrate to proof-of-stake upon hitting a specific Total Difficult…
What makes Ethereum a reliable mode of payment? Find what makes Ether qualify as money, its advantages and the process of accepting ETH payments.
This week’s sell-off in cryptocurrency markets worsened on Saturday, with bitcoin falling below $21,000 for the first time in nearly a month. Ethereum also continued its descent in today’s session, as the price of the token dropped under the $1,700 level to start the weekend. Bitcoin Bitcoin (BTC) continued to reside in the red to […]
Bitcoin and altcoins sold-off sharply on Aug. 19, leading technical traders to forecast a possible drop to new yearly lows.
This article helps you to understand the importance of and differences between Merkle vs. Verkle trees in blockchain.
Crypto and stock markets corrected as traders grew nervous ahead of August 17’s FOMC minutes, but the real stress point is whether traders will “buy the dip.”
The Merge will still reduce the network’s energy consumption by an estimated 99.5%.
The Ethereum (ETH) Foundation revealed that the Merge would not reduce gas fees, and it will not enable staking withdrawals until the Shanghai upgrade in an August 17 note.
The post Ethereum Foundation addresses misconception around gas fees in new Merge update appeared first on CryptoSlate.
EOS attempts to become a fully decentralized network following a key hard fork in September.
$24,500 keeps control on hourly timeframes as gains for both Bitcoin and Ether are quickly extinguished.
Liquidity is strong on alt markets as Bitcoin gives way to Ether after a battle that has raged throughout 2022.
Ethereum price flashed recovery over the last 24 hours after it witnessed consolidation at the $1,800 price mark. Over the last week, ETH logged 20% appreciation. It has been a bullish week for the king altcoin. The last time the altcoin traded around this price level was almost two months ago. It had failed to topple over the $1,900 zone and had retraced shortly after that. The robust support line for Ethereum price was at $1,600. Ethereum price could possibly witness a sharp change once the Ethereum Merge goes live next month. The Merge is the transition from proof-of-work to proof-of-stake has been a highly anticipated event for the Ethereum community. This shift from proof-of-work shall diminish the altcoin’s power consumption by almost 99.5%. If the price of Ethereum manages to stay above the $1,900 mark for a substantial period of time, the coin will manage to touch the $2,000 mark price ceiling. Ethereum Price Analysis: Four Hour Chart ETH was trading at $1,918 at the time of writing. The coin had finally managed to move past the $1,800 price region. Ethereum price has to maintain momentum over the $1,900 mark in order to touch the $2,000 price mark. Overhead resistance for the coin was at $1,970. Local support level for the coin was at $1,700 and then at $1,600 respectively. Incase ETH loses vigour and falls to the $1,600 mark, the inability to sustain at that price level can push the coin to $1,300. The amount of Ethereum traded in the last session was falling which meant that selling pressure was declining at the time of writing. Technical Analysis The altcoin’s technical outlook depicted bullishness on the four hour chart. Buying strength for Ethereum also increased as Ethereum price travelled upwards on its chart. The Relative Strength Index was parked above the 60-mark indicating that buyers dominated the market at press time. If demand for ETH continues to rise, the altcoin might be overvalued leading to a possible price pullback. Ethereum price was above the 20-SMA line, which meant that buyers were driving the price momentum. The altcoin was also above the 50-SMA line which points towards the rising price of the asset. Related Reading: TA – Ethereum Price Faces Resistance As Merge Date Is Announced ETH’s other important indicators also depicted positive price action. Moving Average Convergence Divergence is supposed to display that price momentum and reversals in the same. MACD witnessed a bullish crossover and flashed green signal bars above the half-line registering buy signal for the asset. Directional Movement Index is responsible in determining the price direction of Ethereum. DMI was positive as the +DI line was above the -DI line. Average Directional Index (Red) was bordering the 40-mark which meant that the current price direction was gaining strength. Related Reading: Ethereum Price Forecast Remains Bullish As Network Nears Another Milestone Featured image from UnSplash, chart from TradingView.com
As the launching of the long-awaited Ethereum upgrade, Merge, approaches, there’s a spike in institutional investment. Ethereum products are receiving more attention from big-shot investors. Though there is no stated period for the Merge, most developers anticipate the upgrade by September 19. However, most Ethereum derivatives are getting more investment deals as the final phase details are revealed. James Butterfill, the Head of Research of CoinShares, stated that investors’ sentiment for Ethereum products is changing. Butterfill made this known in the latest edition of Digital Asset Fund Flows Weekly Report. He noted that the sudden intensity and desire from the investors is due to the Merge approach. According to the report, most institutional investors make preferential investments in Ethereum products. Hence they are pushing in more funds as they believe in the great possibility of the Ethereum network. To them, upgrading the global second largest cryptocurrency would create a more positive and profitable impact. Due to the change in sentiment, the report noted that Ethereum had seen more inflows amounting to about $16 million. This resulted in a seven-week pattern of inflows that accumulated up to $159 million. Related Reading: SOL Makes Another Shot At $44, After Two Failed Attempts This Week So, Butterfill reports that the change in the investors’ sentiment signifies more clarity with the Merge’s timing. This would create the desired transition for the Ethereum network as it moves from Proof-of-Work (PoW) to Proof-of-Stake (PoS). Ethereum blockchain has been operating with a PoW consensus mechanism for its transaction validation and security of its network. Unfortunately, this involves using the mining process that consumes more energy or electricity. But the Merge would transform the system of operation for the blockchain. First, it would start using the more energy-efficient staking process that requires the staking of ETH tokens. Plan For Ethereum Merge Has Been A Tough One The plan for the shift has been delayed for several months. But as the date for the launch approaches, Ethereum proponents are having their fun-filled season. The journey has taken several rough routes that include changes in roadmaps, ambiguous terminology, and, lastly, the recent opposition to the Merge. On the part of its founder, Vitalik Buterin, he kept announcing all the possible hard forks to the transition. This action is an excellent advantage for any PoW blockchain that may opt for a change in the future. However, some prominent personalities in the industry don’t mind a hard fork. For example, Justin Sun, the founder of Tron, pledged the listing of both ETHs and ETHw tokens on his Poloniex exchange. Also, BitMEX revealed its support for any ETHPoW fork. Once it finally happens, it will link the Ethereum mainnet and the Ethereum 2.0 Beacon Chain for a complete transition to PoS. Hence, Ethereum 2.0 would receive increased efficiency and security in its execution of transactions.’ Related Reading: Cardano Tests $0.51 Support – Can ADA Reach Safe Zone And Hit $0.67? Also, there would be a drastic reduction of carbon emission into the environment by over 99% as the network become energy efficient. This was one of the main criticisms against Ethereum as a PoW network. Featured image from Pixabay, Chart from TradingView.com
Bitcoin and many altcoins are carving out bottoming patterns as sentiment across the crypto and equities markets continues to improve.
the Ethereum consensus-layer –
tl;dr Merge sequence engaged 🚀 Mainnet Merge incoming Yesterday on the Consensus Layer call, client engineers agreed on Mainnet parameters for the Merge – a Bellatrix epoch of 144896 and a Paris TTD …
It’s not just ETH price that stands to benefit from Ethereum’s move to proof-of-stake in September.
tl;dr Merge sequence engaged 🚀 Mainnet Merge incoming Yesterday on the Consensus Layer call, client engineers agreed on Mainnet parameters for the Merge — a Bellatrix epoch of 144896 and a Paris TTD of 58750000000000000000000 (tentative). The TTD is…
The 2022 crypto winter seems to be one of the most severe bearish trends in cryptocurrency history. This saw the entire crypto market cut down by over 50% in value since the beginning of the year. Also, the situation in the crypto market got worse with the collapse of the Terra-LUNA ecosystem. However, the crypto market is recovering slightly from its trauma in the year’s first half. Bitcoin price is suddenly picking up despite its week’s instability and swings. Related Reading: Uniswap Price Falls Below $9 After It Met With A Sell-Off, What’s Next? According to the data from Glassnode, a blockchain analytics firm, the derivatives of the leading cryptocurrencies are making positive progress. Bitcoin and Ethereum derivatives are receiving increased attention from investors with more trading of BTC futures and higher ETH holders. The record from Glassnode indicates that the Bitcoin derivatives market has a slight directional bias. This means that investment in the market is coming with more caution from the investors. But on the side of Ethereum, there is evidence of optimism from the investors. The network records more demands for ETH against little withdrawals from the wallets. These overall events for Ethereum could be due to the upcoming Merge. As per Glassnode’s Future Open Interest (BTC) Metric, investors seem to have more confidence in the derivatives market. They are laying aside the events and fear that came with the collapse of Terra-LUNA tokens. Also, the effect of the May-June mining capitulation is wading off gradually. Glassnode noted the increasing stability in futures trading volume. It recalled that the past 12 months from the sell-off since May 2021 posed a structural dip in trade volume. However, it seems to be staging a come-back as it boasts $33 per day. Also, the futures markets passed through a structural change within the past one and half years. This was at the beginning of 2021, as the Bitcoin price was in a bullish trend. The underlying spread was stable even as leverage was going up. Surge In Open Interest For Ethereum Than Bitcoin Currently, Ethereum derivatives are receiving more attention from investors than Bitcoin. This appears to be the first time in the history of cryptocurrency to experience such a twist between the two leading assets. While Ethereum derivatives record about $6.6 billion in ETH, those of Bitcoin are at $4.8 billion in BTC. Additionally, the outplay depicts that ETH options Open Interest is almost at its ATH as of Nov 2021. This was when Ether hit $4,900. Related Reading: Why Are Crypto Investors Rotating From Bitcoin To Altcoins? A more acceptable explanation for the price increase is the influence of the upcoming Ethereum Merge. Most investors make bullish bets on prices between $2,200 and $5,000. Featured image from BBC, chart from TradingView.com
Risk assets surge higher after U.S. inflation data, but belief in a sustained uptrend emerging is hardly anywhere to be seen.
A slew of Ether’s technical and fundamental indicators support a push toward $2,500 by September.
With the Goerli merge going successfully, there is growing confidence that there will be no further delays to the Ethereum Merge set for mid-September.
Ethereum started a major increase above $1,800 against the US Dollar. ETH is rising and might continue to rise towards the $2,000 resistance zone.
Ethereum found support near $1,680 and started a fresh increase.
The price is now trading above $1,800 a…
Total value locked (TVL) on Optimism, a layer-2 scaling solution for the Ethereum blockchain, has increased 284% in the last month, according to data from DefiLlama. Users lending and borrowing assets on Aave through Optimism’s layer-2 chain make up the vast majority of TVL. Ethereum Optimism TVL Surges In anticipation of The Merge update, which will see the blockchain switch from a proof-of-work network to one based on proof-of-stake, investors have been bidding up digital assets tied to the Ethereum ecosystem. The merge will be tested by Ethereum developers on the Goerli testnet on Thursday, August 11. If everything goes according to plan, the mainnet merging will be approved on September 19. The mainnet merge would probably be delayed if there are issues with the Goerli merge. The Merge’s anticipated launch date has been set for September 19, according to a recent Ethereum developer call. With Rollups, or off-chain computations, Optimism, an Ethereum layer-2 blockchain, aims to extend the ecosystem and expedite transactions. On Optimism, transactions are entered, and on Ethereum, they are completed. ETH/USD trades at $1,853. Source: TradingView The project is home to 35 protocols, including automated market maker Velodrome, decentralized exchange Uniswap, and derivatives exchange Synthetix. The Ethereum blockchain’s current capacity of 30 transactions per second is inadequate to manage the enormous amount of user trade orders on exchanges (including cancellations). Nevertheless, according to some analysts, the network might scale to 100,000 transactions per second with The Merge upgrade, with layer-2 solutions improving this capacity even further. Related Reading: Uniswap Price Falls Below $9 After It Met With A Sell-Off, What’s Next? Optimism blocks are constructed and executed on layer-2 while user transactions are batched up and submitted to the Ethereum layer-1. On layer-2, transactions are immediately accepted or rejected with no mempool, enabling a fast user experience. Correspondingly to the TVL development, the project’s namesake tokens have also rallied by 300% during the same period. Dai on Optimism 👀 From 30 million to 140 million in 5 days. pic.twitter.com/AQlNWvX6c9 — Maker (@MakerDAO) August 9, 2022 Goerli Testnet: A Brief The Ethereum network will be one step closer to its biggest update yet in less than 24 hours. The second-largest cryptocurrency by market capitalization has been preparing to switch from Proof-of-Work (PoW) to the significantly less energy-intensive and, in some people’s opinions, more decentralized Proof-of-Stake for years (PoS). Senior Ethereum developers stated last month that the so-called “Merge” to “Ethereum 2.0” will occur on September 19. However, there is still a challenge for developers to overcome before the “Merge” can be implemented on Ethereum’s mainnet. Developers want to implement the merging on one last testnet after completing the switch from PoW to PoS on two of Ethereum’s main testnets (Ropsten and Sepolia) in June and July. From its mid-July lows under $1,000, Ethereum has increased by more than 80%, and at last check, it was trading in the mid-1,800s. While most of this has coincided with a larger cryptocurrency market rebound amid an uptick in macro mood (Bitcoin is up over 25% from its mid-July lows), analysts have indicated that anticipation ahead of the merger has been a key tailwind driving ETH higher. Related Reading: Why Are Crypto Investors Rotating From Bitcoin To Altcoins? Featured image from iStock Photo, chart from TradingView.com
“USDC as an Ethereum asset can only exist as a single valid ‘version,‘” said the team at Circle.
BBVA, a private bank based in Spain, released an article that states Latam users are very interested in their crypto-powered solutions. The institution informed that close to 20% of the users of their New Gen accounts, which are available from Switzerland, are Colombians who are attracted by the crypto services offered by these accounts. Colombians […]
The rise in the ETH/BTC pair is painting a bearish technical pattern, hinting at a potential correction.
Bitcoin and most major altcoins have bounced off their strong support levels and may challenge the overhead resistance in an attempt to resume the up-move.
Ethereum rose above $1,700, while bitcoin snapped a seven-day losing streak on Friday, with prices rebounding in today’s session. The move came ahead of this afternoon’s payrolls report, which is expected to show that 250,000 jobs were added to the U.S. economy in July.
Ahead of the nonfarm payrolls report, bitcoin (BTC) […]
Stock and cryptocurrency markets on Thursday saw volatility, after experiencing fluctuations during the tensions between China and Taiwan on Tuesday and Wednesday. Major indexes like the S&P 500, Dow Jones, and NYSE have shed a few percentages today, while the global cryptocurrency market capitalization lost 2.5% in 24 hours, dropping to just above the $1.1 […]
Justin Sun, Tron’s (TRX) founder, has revealed support for Ethereum’s (ETH) proof-of-work (PoW) hard fork.
The post Justin Sun’s Poloniex supports Ethereum proof-of-work hard fork appeared first on CryptoSlate.
Bitcoin was trading lower on Thursday, ahead of tomorrow’s monthly nonfarm payrolls (NFP) report. The U.S. labor market has recently shown signs of slowing, following data this week reporting that nationwide job openings had fallen. Ethereum also dropped on the prospect of the NFP report, which is expected to come in at 250,000 jobs. Bitcoin […]
Several reports detail that U.S. Federal Reserve officials are resolute on tightening monetary policy and increasing the federal funds rate until inflation in America is alleviated. Chicago Fed president Charles Evans explained on Tuesday that the central bank would likely keep up the larger than usual rate hikes until inflation is remedied. The Fed Is […]
Bitcoin and most major altcoins are witnessing buying near strong support levels, indicating a bullish sentiment.
LDO price is up roughly 30% over the past day, gaining approximately 500% since mid-June.
Bitcoin and ethereum were both trading higher on Wednesday, as global financial markets reacted to the tensions caused by U.S. House Speaker Pelosi’s visit to Taiwan. The price of gold dropped by nearly $40 late on Tuesday, after securing a one-month high, while the S&P 500 also faced a turbulent session. Bitcoin Bitcoin (BTC) was […]
The Sepolia testnet will undergo a post-merge execution layer (EL) upgrade at block 1735371, expected on August 17, 2022 The upgrade will cause EL clients on the network to disconnect from peers which have not transitioned to proo…
Solana’s (SOL) leading NFT marketplace Magic Eden has announced that it will now support Ethereum (ETH) NFTs on its platform, according to a press release shared with CryptoSlate.
The post Solana NFT marketplace Magic Eden expands to Ethereum appeared first on CryptoSlate.
The Sepolia testnet will undergo a post-merge execution layer (EL) upgrade at block 1735371, expected on August 17, 2022 The upgrade will cause EL clients on the network to disconnect from peers which have not transitioned to proof-of-stake. It does no…
The US Securities and Exchange Commission (SEC) charged eleven people on August 1 for their involvement in Forsage, a fraudulent crypto pyramid scheme that raised $300 million from investors around the world.
The post US SEC charges 11 for role in $300M Forsage crypto pyramid scheme appeared first on CryptoSlate.
Digital asset investment products recorded their best month in July after finishing the month with total inflows of $474 million, according to CoinShares Digital Asset Fund Flows Weekly Report.
The post Crypto investments products see inflows of $474M in July appeared first on CryptoSlate.
Ethereum Classic’s (ETC) value increased by over 150% in July, making it one of the top performing digital assets of the month.
The post Ethereum Classic up over 150% in July as ETH 2.0 draws closer appeared first on CryptoSlate.
Uniswap price risks falling 50% from its current levels due to a bearish reversal setup.
Bitcoin price has hit resistance at the $24,000 level, resulting in a slight pullback in select altcoins. Is the rally over?
Ethereum Classic is a relatively smaller PoW chain compared to Ethereum in terms of usage and hash rate.