Ethereum

Ethereum price shows a multi-year rising wedge formation forecasting a brutal crash. The theoretical target projects an ETH bottom around the $500 region, suggesting a 50% nosedive from the current levels. A different take also shows that the bottom for this cycle could be much lower. Ethereum price performance has been extremely important in this cycle, considering the major paradigm shift that the ETH blockchain has created. From the 2020 DeFi Summer to NFTs, the… Source link

The Ethereum Name Service (ENS) saw registrations spike over the weekend, with 64,000 .eth names created on Sunday and Monday alone. In the past week, 108,000 ENS domains were registered. This 216% increase, revealed in data published by lead ENS developer Nick Johnson, brought a notable spike in revenue. On Sunday, the ENS made $684,000—a half a million dollar increase compared to the previous day. The ENS manages the issuance and renewal of .eth domain names, which are built on Ethereum,… Source link

A popular analyst is setting price targets for Ethereum challenger Solana (SOL) while forecasting what’s next for ETH and STEPN (GMT). Pseudonymous analyst Altcoin Sherpa tells his 179,900 Twitter followers he’s using the Fibonacci retracement tool to plot out support and resistance levels for Solana, noting things may go south for the smart contract platform if the $32 range (0.618 Fibonacci level) is lost. “I’m long, targeting high $30s. Will get out if 0.618 is lost… Source link

The Ethereum Merge, the much anticipated transition from Proof-of-Work to Proof-of-Stake, has negatively impacted miners on the altcoin’s network. Miner revenue was slashed to an alarmingly low level in June. Experts revealed that it is likely miners on the Ethereum network have operated under losses for the last two months.  How to prepare for a significant Terra’s LUNA 2.0 price move A brief technical and on-chain analysis on Terra price. Here, FXStreet’s… Source link

Solana has been gradually creeping up behind Ethereum even before the crypto winter began. The network had grown in popularity among non-fungible token (NFT) and decentralized finance (DeFi) users who had been fleeing Ethereum due to the high cost of transacting on the network. Nevertheless, Ethereum had managed to maintain its lead ahead of Solana. That is until now when the latter has barreled ahead. Solana Transaction Volume Grows One major area in which… Source link

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Ethereum miner revenue has dropped to $498 million, an alarmingly low level, in June. A decline in Ethereum price and the fear of being out of business after the Merge lead to steep decline in miner revenue. The Gray Glacier upgrade delayed the difficulty bomb, giving miners another 100 days before the migration to Proof-of-Stake. The Ethereum Merge, the much anticipated transition from Proof-of-Work to Proof-of-Stake, has negatively impacted miners on the… Source link

Ethereum [ETH] is continuing to divide investors with the latest developments on the network. Celebrations of 4 July have activated the bulls in full swing in the crypto market. Bitcoin [BTC] has also bounced back above $20k- setting a reviving precedent for the crypto industry. But where does ETH go from here? ETH for the win The festive greetings have been kind to Ethereum that witnessed an awful ending to Q2. But recent on-chain data has been dividing investors with the… Source link

Lido’s native token LDO has skyrocketed by more than 24% in the last 24 hours, hitting a weekly-high of $0.66 cents.  Meanwhile, Lido’s Staked Ethereum token, called stETH, appears to have grown in value with Ethereum. Both rose a little over 5% overnight with the staked version trading at $1,091 and Ethereum trading at $1,127.  The current gap between Ethereum and stETH does, however, still represent a discrepancy of roughly 3% for Lido’s staked token.  While this is significant,… Source link

Arman Shirinyan Unfortunately for Ethereum holds, on-chain data shows that assets still remain under pressure Following Independence Day in the U.S. on July 4th, traders have pushed the price of the second biggest cryptocurrency on the market to local highs, reaching $1,120. Unfortunately, with the price of Ether going back up, we are seeing disturbing on-chain data appearing on the market. According to Ethereum’s supply on exchanges, we are seeing an intensification of inflows on… Source link