Ethereum

Key Insights: ETH’s price is down by 62.35% from its 2021 all-time high. Short-term gains for the coin seem limited, but ETH’s price could still outperform in the long term. The switching Ethereum to Proof-of-Stake could add bullish momentum to the coin’s trajectory. While 2021 was a stunning year for the top altcoin ether, the new year drowned the larger market and ETH into a sea of bearishness. On December 31, 2021, ETH/USD traded in the high $3761 zone. For most of December 2021, ETH… Source link

Ethereum founder Vitalik Buterin appeared to muse on, if not directly respond to, an open letter from tech professionals urging lawmakers in Washington to be wary of crypto. The letter he was responding to, published Wednesday, was signed by 26 computer scientists from American tech giants including Facebook, Amazon, Apple, Netflix and Google. It asked policymakers to question the narrative that cryptocurrencies “are an innovative technology that is unreservedly good.” Later that… Source link

Automated market maker and decentralized finance (DeFi) protocol Balancer has officially deployed on Optimism, the highly touted Ethereum layer-2 scaling solution, in a move designed to enhance user functionality by increasing scalability and reducing fees.  Balancer’s Optimism deployment was carried out in conjunction with Beethoven X, a decentralized investment platform on the Fantom Network that forked from Balancer v2. Together, both teams are said to have developed a decentralized… Source link

Massive ETH holdings have been moved into exchanges as the shakedown continues for the Ethereum community. ETH holdings worth around $2.1 billion were transferred to exchanges over the past week with investors under increasing pressure. Ethereum has started the new month poorly and is down again after under-performing across May. Not clicking very well! Something seems to be wrong with Ethereum as it just can’t get it right recently. May 2022 has been one of the worst correction months for… Source link

Pseudonymous crypto trader Altcoin Sherpa is outlining his outlook on several altcoins amid this week’s market volatility. The analyst tells his 176,300 Twitter followers the native token for smart contract platform Avalanche (AXAX) could see a good short-term trading opportunity soon, though he doesn’t think the asset has hit its “macro bottom” quite yet. $AVAX: Could see a move up to the mid/high 30s if this current level continues to hold. IMO not the macro bottom… Source link

Ethereum price indicates the possibility of a minor bounce on a short-term outlook. The macro outlook for ETH shows that there is a potential for a 30% crash to $1,300. On-chain metrics suggest that the smart contract token could continue to bracket between $1,700 and $2,200. Ethereum price has flipped its direction on the three-hour chart, undoing gains seen between May 28 and 31. While this correction might seem bearish, it could trigger a minor relief rally… Source link

Bitcoin (BTC) fell over 5% over the last day to retreat back under $30,000, wiping off most of its recent gains. The leading cryptocurrency gave investors a touch of hope at the start of the week after staging a mini-rally to first reclaim the $30,000 level on Monday before briefly surpassing $32,000 the following day. It was the first time in three weeks that Bitcoin had traded at those levels; however, it failed to keep the upward momentum, plunging to an intraday low of $29,501 on… Source link

In a May 30 tweet, Ethereum (ETH) core developer Tim Beiko confirmed that the much-anticipated Ropsten testnet trial of the Merge from proof-of-work to proof-of-stake can be expected “around June 8 or so.” Interestingly, Ether’s price action is relatively unchanged despite the unexpected bullish announcement. There was a +10% spike on May 30, but those gains were given back between May 31 and June 2. It is very likely that the Merge — currently anticipated in August — has yet to be… Source link

ETH Price at the time of writing – $1,935.00 Whale sent $45,241,142 worth of Ethereum off Bitfinex 17.18% of the total supply remains liquid across all centralized exchanges An Ethereum (CRYPTO: ETH) whale sent $45,241,142 worth of Ethereum off Bitfinex. The ETH address related with this exchange has been recognized as: 0xd41cdb2a35a666e8e1f9f53054e85091b67e13af Whales ordinarily send cryptographic money from trades while wanting to hold their speculations for a drawn-out timeframe. Putting… Source link

If you’ve been on Crypto Twitter lately, you might be asking yourself: WTF are all these goblin NFTs clogging up my feed? We had the Kevin spinoffs from Pixelmon, the CryptoDickButts, the MFers … and now this? But if you’ve been lucky enough to avoid much of the meme-laden JPG fodder, let Decrypt introduce you to the one—and only—Goblintown. Goblintown isn’t a real place. It’s a state of mind that involves groaning, moaning, memes, and an undying obsession with urine and fecal… Source link