Ethereum

Ethereum found support near $1,735 and corrected higher against the US Dollar. ETH is now facing a major resistance near $1,885 and $1,920. Ethereum is slowly moving higher and trading above $1,850. The price is now trading above $1,860 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,840 on the hourly chart of ETH/USD (data feed via Kraken). The pair might rise steadily if there is a clear move above the $1,920 resistance… Source link

  Bitcoin price gained 5% and climbed above USD 31,000. Ethereum jumped towards USD 1,900, XRP is testing USD 0.40. SOL and ADA are up over 9%. Bitcoin price remained supported near the USD 29,500 level and started a recovery wave above the USD 30,500 resistance. It even broke USD 31,000 and is currently (04:10 UTC) eyeing more gains above the USD 31,200 resistance zone. BTC is up 5% in a day and 6% in a week. Similarly, most major… Source link

During the previous week, the price of Ethereum has stabilized between $2,000 and $1,700. Because of this, the ETH price remained largely unchanged compared to the last seven days and lost 2.5% of its value. While Bitcoin has fallen below the $29K range, Ether has lost its hold on the $1800 handle and is approaching the $1700 support level. In addition, ETH’s price behavior indicates a significant chance of adverse repercussions that might push the cryptocurrency’s value below $1700. If… Source link

With Ethereum 2.0 underway, the transition into a Proof-of-Stake Network for the Ethereum [ETH] blockchain is about to become a reality. Users and developers are excited over the developments this upgrade will usher into the network. With the merge on Ropsten scheduled for 8 June, the whales appear to be gearing up for a pump in price that might follow the merge. According to data from Glassnode, the number of addresses holding 32+ Ether Coins just reached a 13-month high of… Source link

As Ethereum’s transition to proof-of-stake (PoS) gets closer and the network’s hashrate taps another all-time high, the Ethereum 2.0 contract is close to nearing 13 million ether worth $22.6 billion using today’s ether exchange rates. Moreover, according to a decentralized finance (defi) educator, the $22.6 billion worth of ethereum that continues to grow won’t be unlocked until another upgrade is enforced following The Merge. Ethereum 2.0 Contract Nears 13 Million Ether… Source link

When using liquid staking, holders of cryptocurrency don’t need to decide whether to stake or access their assets to chase other possibilities. They can stake their tokens, get receipts that prove ownership of those tokens and use them to take part in the wider web3 economy. Let’s look at Filecoin (FIL) and CashFi (CFI) to see how they use liquid staking in Ethereum (ETH) to add security and profit for their investors. The Power of Ethereum (ETH) Ethereum (ETH) is an extremely powerful… Source link

Ethereum price has come close to retesting the $1,731 support floor. A bounce off this barrier could trigger ETH to rally at least 16%. If sellers produce a four-hour candlestick close below $1,701, it will invalidate the bullish thesis. Ethereum price has been on a downtrend for roughly four days and is currently approaching a support level. The price action over the last ten days suggests the possibility of a reversal pattern that forecasts gains for ETH.

Arthur Hayes, the Former CEO of Bitmex, harped on the potential of Ethereum registering $10,000 in value by the end of 2022. But, he reiterates that the market could be turbulent, especially in the middle of the year. More so, Hayes also expressed his opinion regarding the downfall of Terra, which is the direct result of the increase in the rates of the Federal Reserve and the liquidity crises that pushed the stablecoin price to crash. Suggested Reading | Johnny… Source link

Arman Shirinyan ApeCoin DAO believes there is no need to migrate to new chain Contents Community does not think so Issues with migration The offering of ApeCoin was a complete disaster for the Ethereum network, which experienced massive issues with network congestion after a flurry of transactions appeared on the network, causing a more than tenfold spike in transaction fees. Later on, developers of APE made a migration proposal. Community does not think so As the voting suggests, the… Source link

With a market cap exceeding $220 billion at the time of writing, Ethereum is the second-largest cryptocurrency in the world. Millions of people own Ether, and many more are interested in purchasing it. But, how do you buy Ethereum for yourself? What Is Ethereum? Ethereum itself isn’t actually a cryptocurrency. Rather, Ethereum is the name given to the open-source blockchain, with Ether serving as a native cryptocurrency on the network. While this is the case, Ether and… Source link