Ethereum

Ethereum once again failed to initiate a serious rally towards recovery and is found plunging towards the coveted $1,000 mark/ Technical Analysis By Grizzly The Daily Chart On the weekly timeframe, there are two main ascending lines since Ethereum first started trading on Binance in 2015. The yellow line acts as both support and resistance level, and the white line acted as support before the price drops below $1,500. The 200-week moving average line (in light blue) is also… Source link

Ethereum price has resumed its downward trend as the fear and greed index plunges back to the extreme fear zone. The ETH/USD pair crashed to 1,067, which is lower than the weekend high of 1,276. Its market cap has dropped to over $127 billion. At its peak, Ethereum had a market cap of over $600 billion. Key industries are struggling Ethereum is an important part of the decentralized industry. Its smart contract technology has been used to build some of the most important components of this… Source link

Ethereum has now lost its hold on an important level. This decline follows that of bitcoin which has now fallen below $20,000. However, for Ethereum, the fight continues to hold on to the one point where bulls still see some hope. However, with the way the market is moving, it may not be long before Ethereum is testing the critical $1,000 support level. Ethereum Falls Below $1,100 For Ethereum, holding above $1,100 for the past week had meant that there was still hope for a good run-up that… Source link

The upcoming Ethereum (ETH) Merge is one of the most talked about developments in the cryptocurrency ecosystem as the world’s second-largest cryptocurrency by market cap undergoes the difficult transition from proof-of-work (PoW) to proof-of-stake (PoS).  One protocol whose fate is largely tied to the successful completion of the Merge is Lido DAO (LDO), a liquid staking platform that allows users to tap into the value of their assets for use in decentralized finance and earn yield from… Source link

Weekly deposits of the Ethereum 2.0 staking contract have been going down recently due to the plunging price of ETH, and are now at the lowest value ever. Ethereum 2.0 Contract Is Now Observing Only 122 32-ETH Deposits Per Day As per a report from analytics firm Glassnode, the ETH 2.0 average deposits have sharply dropped off recently as the crypto’s price has been in freefall. The “ETH 2.0 staking contract” is a smart contract where users can lock in their… Source link

Ethereum price shows an uptick of sellers’ transactions on the Volume Profile Indicator. 10% of Ethereum circulating supply has been staked by investors suggesting optimism for Ethereum 2.0. Invalidation of the downtrend is a breach above the $200-week moving average at $1,200. Ethereum price could commence another liquidity hunt targeting $950. The bulls will need to step in soon to alter the bearish narrative, as market sentiment alone is failing to reach higher… Source link

Solana (SOL) still has room to fall in the near term, but SOL/USD can rally 5,000% if it follows in the footsteps of its top rival Ethereum.  That Ethereum 2018 fractal SOL risks dropping to $15 on anticipations it would behave like Ethereum during the market crash in 2018. Notably, Ethereum’s native token Ether (ETH) price fell to nearly $79 in December 2018 after undergoing a 95% correction earlier that year from its peak of $1,529. Afterward, it underwent a long recovery, rising nearly… Source link

What happened Several of the main cryptocurrencies fell this morning, as investor sentiment is still negative and as the market prepares for a key inflation report later this week. Over the past 24 hours, as of 10:21 a.m. ET today, shares of the world’s largest cryptocurrency, Bitcoin (BTC -4.20%), traded roughly 3% lower. At the same time, shares of the world’s second-largest cryptocurrency, Ethereum (ETH -4.51%), traded roughly 2.7% down and shares of the meme… Source link

Bitcoin started the week in the red, as Monday saw prices fall for a second consecutive session. Following a recent run towards $22,000, the world’s largest crypto dropped below $21,000 earlier today, with ETH slipping below $1,200. Bitcoin Bitcoin dropped below $21,000 on Monday, as prices continued to slip, following a recent encounter with a key resistance point. Since hitting its resistance level of $22,070 on Friday, BTC has fallen for three straight sessions, with today’s… Source link

 Bankless reviewed the performance of the Ethereum Network and its ecosystem in the second quarter of 2022.  It addressed the performance of the network in four key areas: protocols, decentralized finance (DFI), non-fungible tokens (NFTs), and Layer 2. It highlighted key developments in the Ethereum ecosystem over the past quarter head of the Ethereum 2.0 merger. In its new study titled “State of Ethereum Report — Q2, 2022,” Bankless reviewed the performance of the… Source link