Ethereum

Ethereum price drops lower as this week’s loss pairs back the gains from last week. ETH price is set to continue its decline going into next week. With the summer, the cash exodus continues, and ETH price is at risk of falling toward $570. Ethereum (ETH) price is frustrating traders trying to target any break below $1,000 to catch the price action and be part of a rally that will swing them back to all-time highs into next year. However, that is not how it works in… Source link

Briefs on the latest Ethereum Consensus Call have been released. It includes important notifications about the network and its progress toward the Merge. The Merge awaits Christine Kim, a research associate at Galaxy Digital, compiled a brief about the latest Consensus- Layer Call held on 30 June. The meeting was attended by several core Ethereum developers discussing the latest developments on the network. A quick thread summarizing my notes on yesterday’s Ethereum… Source link

The Ethereum (ETH) ecosystem’s biggest roadblock to mainstream dominance is often attributed to the extremely high transaction fees or gas fees it requires to complete a transaction. However, with Ethereum’s average gas fees coming down to 0.0015 ETH, the narrative is set to change.  The average transaction fee on the Ethereum blockchain fell down to 0.0015 ETH or $1.57 — a number previously seen in December 2020. However, starting in January 2021, Ethereum’s gas fees surged owing to… Source link

A popular analyst who accurately predicted the recent market downturn is setting new price targets for four major crypto assets. Pseudonymous crypto trader Capo, who back in March sounded the alarm that several top cryptos were likely to fall by 50%, now tells his 423,200 Twitter followers what’s next for Bitcoin (BTC), Ethereum (ETH), Cardano (ADA) and Solana (SOL). “Some interesting levels: BTC: $15,800 – $16,200 ETH: $650 – $750 ADA: $0.29 – $0.32 SOL: $18.00 –… Source link

Tomiwabold Olajide Bitcoin, Ethereum and other altcoins show signs of impending price move According to the MVRV divergence, on-chain analytics firm Sanitment suggests that Bitcoin, Ethereum and other altcoins are currently “underbought.” 📊 One of @santimentfeed‘s most popular metrics, MVRV, indicates that short, mid, and long term timeframe trading returns are at ‘pain’ thresholds that historically foreshadow oncoming price turnarounds. When this turnaround will happen is the… Source link

Ethereum [ETH] concluded June with a 27% bearish push in the last five days of the month after enjoying a brief relief rally. The bearish end of June resulted in the token dropping below $1,000, followed by a pullback. Could this be a sign of a strong buy wall within the $1,000 price level? June was one of the most bearish months for ETH in recent history. It dropped from a monthly high of $1,972 at the start of the month, to a monthly low of $881 on 18 June. ETH fell below… Source link

Given Ethereum’s dominance coupled with the current crypto bear market, it remains questionable if L1s will flourish. This was recently highlighted in a Chainalsys blog post entitled “New layer 1 blockchains are expanding the DeFi ecosystem, but no ETH killers yet.” Ethan McMahon, an economist at Chainalysis, told Cointelegraph that Chainalysis published this report to raise awareness for the current L1 ecosystem: While Ethereum allowed decentralized finance (DeFi) to flourish in 2020,… Source link

The difficulty bomb-delaying Gray Glacier hard fork went live on Ethereum on Thursday without a hitch according to the network’s core devs including Ethereum Foundation’s Tim Beiko. The Sepolia testnet is also set to run through its Merge trial over the next few days and is the second last testnet to go through the trial before the official Merge. According to Etherscan, the Gray Glacier hard fork was initiated on block number 15050000 at roughly 6:54 am ET, June 30. The hard fork will… Source link

The hard fork pushed back the so-called “difficulty bomb,” which had been gradually slowing Ethereum block production, improving performance in the short term The Merge has not been scheduled, but the new timing of the difficulty bomb points to when Ethereum core developers think it will take effect Ethereum’s scheduled Grey Glacier hard fork went into effect on Thursday at 6:54 am ET — Block 15050000 to… Source link

Key Takeaways Ethereum has retraced by more than 20% over the past four days. Meanwhile, nearly 193,000 Ethereum has been sent to crypto exchanges.  Further selling pressure could trigger a correction toward $600.   Share this article Ethereum looks like it’s at risk of a steep correction as crypto’s rocky June draws to a close. Market participants are rushing to exchanges to exit their positions, while Ethereum is sitting on little to no support. Ethereum Faces Lower… Source link