Ethereum

Bitcoin rose above $30,000 to start the week, with bearish sentiment marginally fading as we head into June. ETH also rallied on Monday, however the world’s second largest cryptocurrency continued to hover below $1,900. Bitcoin Following almost five days trading below $30,000, BTC finally surged, with prices climbing to their highest point in over two weeks. So far today, we have seen BTC/USD hit a high of $30,806.86, which is its highest level since May 16. Today’s peak comes… Source link

A widely-followed crypto analyst says one decentralized autonomous organization (DAO) may amass a monumental influence over leading smart contract platform Ethereum (ETH). In a new video update, the pseudonymous host of Coin Bureau known as Guy tells his two million YouTube subscribers that liquid staking protocol Lido Finance could eventually become the de facto governance protocol for Ethereum. “In plain English, [Lido Finance] lets you stake proof-of-stake cryptocurrencies… Source link

Ethereum formed a base near $1,740 and started a recovery wave against the US Dollar. ETH is now facing a major resistance near the $1,900 zone. Ethereum started a recovery wave above the $1,800 and $1,820 levels. The price is now trading above $1,820 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,820 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $1,900 and $1,920 resistance levels to… Source link

The average Ethereum network fee has dropped to the lowest value recorded in over ten months, after fees hit a low of $2.96 per transaction on Sunday afternoon (ET). The last time ethereum transfer fees dropped below the $3 mark was last year on July 11, 2021. Moreover, median fees are even cheaper, as the median-sized ethereum transaction fee on May 29 is around 0.00086 ether or $1.56 per transfer. Ethereum Gas Costs Sink to Lowest Levels Since July 2021 Ethereum network fees are the… Source link

Ethereum seems to be running low on gas as it edges towards capitulation. Recent weeks have been nothing but a stain on the vision endorsed by Buterin and his team. The altcoin king dropped to a 14-month low over the weekend as it continues to struggle. “Far from home” The Ethereum community was perplexed after learning that ETH dropped to $1,724 over the weekend. This is its lowest value in the past 14-months which only adds to the downswing observed in recent months. A Santiment tweet… Source link

All altcoin speculators eye Ethereum’s price behavior, due to its role as the second-largest cryptocurrency and the top altcoin besides Bitcoin. Technical Analysis Technical Analysis By  Grizzly Key Support Levels: $1700 & $1500 Key Resistance Levels: $2200 & $2400 The Daily Chart Based on the following candlestick chart, ETH is struggling at a descending line (marked blue) that has provided both support and resistance for more than a year. It is critical that this line,… Source link

A proposal to impose a limit on recreation facilities’ most stake is presently being debated by its community. It’s been instructed that recreation facilities, by virtue of staking nearly a 3rd of the ETH total provided, might begin to associate existential threat to Ethereum once it transitions to Proof-of-Stake. The recreation facility community is debating whether or not to limit the protocol’s maximum share of ETH tokens. 30% of the total ETH supply is now staked through… Source link

Ethereum has dropped by over 20% against Bitcoin throughout the course of recent weeks It comes as distrust encompassing the Merge wins, with no day for kickoff set Under the ongoing economic situation, the ETH:BTC proportion could drop to 0.048 Ethereum is struggling with recuperating from the new market droop. The second-biggest digital money by market cap is showing shortcomings in the midst of the most recent market slump. Outstandingly, Ethereum is draining against both the U.S. dollar… Source link

Crypto holders can’t wait to see the end of May, a month that has brought nothing but losses. And while it’s too soon to say whether the worst is over—Bitcoin is below $30,000 right now and could go lower—it feels like the industry will come through the downturn just fine. So long as the Ethereum merge goes off okay, that is. If you’ve been living under a crypto rock, “The Merge” refers to the long-awaited upgrade to the Ethereum blockchain that will see the No. 2 cryptocurrency switch… Source link

Ethereum Classic’s (ETC) price surged more than 9% in the last 24 hours, with trading volume jumping 40%. The rally is fueled by instability in the Ethereum Beacon Chain that underwent block reorganization, questioning the stability of transitioning to proof-of-stake (PoS). While the Ethereum (ETH) price slips below $1800, the proof-of-work (PoW) ETC price continues to soar higher. Ethereum Classic (ETC) Defies Market Wide Correction The Ethereum Classic (ETC) price has risen more… Source link