Ethereum

Ethereum collateral position set a new record as 71,863.47 ETH were liquidated on June 18.  Independent market analyst told his followers that latest Ethereum price rally would make for a clean fakeout.  Analysts believe Ethereum price could plummet to $750 in the bear market, an 85% drop from all-time high.  UPDATE: Ethereum price predictions are mostly bearish as the main altcoin keeps trading between the psychological $1,000 support and a series lower highs… Source link

Decentralized exchange (DEX) Uniswap has overtaken its host blockchain Ethereum in terms of fees paid over a seven-day rolling average. The surge appears part of a recent spate of high demand for DeFi amid the current bear market. Decentralized finance (DeFi) platforms such as Aave and Synthetix have seen surges in fees paid over the past seven days, while their native tokens and others such as Compound (COMP) have also boomed in price. According to data from Crypto Fees, traders on Uniswap… Source link

Ethereum-based decentralized trading platform dYdX will be deployed as an independent blockchain on the Cosmos ecosystem. The team behind the project made the announcement this morning leading to a positive reaction for its governance token, DYDX. Related Reading | Bitcoin Steady Above $20K After Drop To $17K – A Slow Climb To Green? At the time of writing, this token trades at $1.50 with an 8% profit in the last 24 hours for its USDT trading pair and a 10% profit on its ETH trading… Source link

Ethereum, the second-largest cryptocurrency by market capitalization, is currently in freefall. Over $124 billion in capital vanished from the Ethereum (ETH) decentralized finance (DeFi) in six weeks. Seven months ago, ETH reached its highest value ever at $4,891.70 on November 16, 2021. But it is now trading at around $1,100, which is less than 75.2% of its all-time high value. Related Reading | Controlling The Chaos: FTX Exchange Bails Out BlockFi With $250M The start of 2022 was… Source link

Image source: Getty Images Peter Brandt says he wouldn’t even buy ETH with ‘enemy’s money.’ Key points Peter Brandt tweeted that Ethereum might fall over 70% to $300. The last time Ethereum was worth $300 was July 2020. Crypto markets face a number of pressures, which show no signs of abating… Source link

Vitalik Buterin. Source: a video screenshot, Lex Fridman / YouTube   Ethereum (ETH) co-founder Vitalik Buterin has said he is “definitely” worried about centralization risks following The Merge, the event when the current Ethereum Mainnet merges with the beacon chain proof-of-stake (PoS) system. The Ethereum mastermind noted that Lido Finance, the largest provider of staking services for Ethereum, where around a third of staked ETH… Source link

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Bitcoin was trading higher for a second consecutive session on Tuesday, which is the first time it’s seen back-to-back gains in over two weeks. ETH also climbed in today’s session, as bulls continued to re-enter the market. Bitcoin BTC was trading higher for a second consecutive session on Tuesday, as markets continued to move away from recent lows. Prices hit an intraday peak of $21,387.65 earlier in today’s session, less than a day after trading at a low of $19,905.48.

ETH price bounces back from brief fall below $1,000 as Celsius Network announces re-payment start. Ethereum price has yet to breach the Elliott Wave trend channel. A breach at $366.80 will invalidate the bullish macro count. UPDATE: Ethereum price is trending slightly higher on Tuesday after closing Monday with a Doji candlestick, indicating the start of a potential consolidation period. ETH bulls seeming have been able to finally stabilize somewhat the price… Source link

The crypto markets saw their best day in over a month, with tokens across the market seeing gains in excess of 15%. This is despite a study by Linkedin claiming that most CEOs are expecting a recession within the next 12 months and a potential increase in unemployment caused by high inflation. As many claim that the crypto market is still dictated by institutions and the regular stock market, it is encouraging to see the recent disassociation and shows why long-term investors see crypto as a… Source link