Ethereum

As bears circle crypto and traditional markets, Ethereum has faced the brunt of it. Ethereum is currently trading hands at $1,770, down roughly 3.4% over the past 24 hours, according to CoinMarketCap. The bearish trend is the latest in what has been a rather red week for the second-largest cryptocurrency by market capitalization.  Over the past seven days, Ethereum shed more than 16% of its value, tumbling from $2,077 on Monday to as low as $1,731 in the early hours on Friday. It has since… Source link

Key Takeaways Bitcoin dropped below $28,000 over the past 12 hours.  Meanwhile, Ethereum lost the $1,800 level as support.  Further losses can be expected as selling pressure mounts.   Share this article The crypto market sentiment went into “extreme fear” again after Bitcoin and Ethereum lost price support over the past 24 hours. On-chain data shows increasing selling pressure, which could lead to more significant losses. Bitcoin and Ethereum Spell Trouble Bitcoin and… Source link

The cryptocurrency market was hit with another round of selling on May 26 as Bitcoin (BTC) price dropped to $28,000 and Ether (ETH) briefly fell under $1,800. The ETH/BTC pair also dropped below what traders deem to be an important ascending trendline, a move that traders say could result in Ether price correcting to new lows. ETH/USDT 1-day chart. Source: TradingView Here’s a rundown of what several analysts in the market are saying about the move lower for Ethereum and what it could mean… Source link

Ether’s (ETH) performance over the past three months has been less than satisfying for holders and the 50% correction since April 3 caused the altcoin to test the $1,800 support for the first time since July 2021. Ether/USD 1-day chart at Kraken. Source: TradingView Due to the volatility in stocks, investors had been seeking shelter in the United States dollar and on May 13, the DXY index reached its highest level in 20 years. DXY measures the USD against a basket of major foreign currencies,… Source link

Image source: Getty Images The price of the Ethereum blockchain’s native token tumbled to $1,759.20 this morning as the project’s cofounder warns of a potential delay in moving to proof of stake. Key points The Ether coin — the native crypto of the Ethereum blockchain — was down as much as… Source link

What happened Ahead of the upcoming “merge” that will combine the Ethereum (ETH -3.35%) proof-of-stake Beacon Chain with its existing network, anticipated for August, investors have yet another headwind to grapple with today. As of 9:30 a.m. ET, Ethereum is the worst performer among top 10 cryptocurrencies by market capitalization, dropping 10% over the past 24 hours. This move was driven by a seven-block reorganization, or reorg, yesterday. Ethereum’s Beacon… Source link

Ethereum slipped below $1,900 during Thursday’s session, as prices dropped to a two-week low. Bitcoin was also trading lower over the course of the day, as it fell under $29,000. Overall, crypto was down over 3% as of writing. Bitcoin BTC fell below $29,000 earlier in today’s session, as bearish pressure continued to intensify heading towards the end of the week. Following a high of $29,972.64 only yesterday, the world’s largest cryptocurrency dropped to an intraday low of… Source link

Ethereum dipped below the $1,900 support level over the past few hours. A decisive close below such a vital demand zone will put ETH at risk of a 38% correction toward $1,200. This pessimistic outlook derives from the formation of a bear pennant pattern on the four-hour chart.  ETH 4-hour chart Ethereum would have to claim $2,100 as support for a chance of invalidating the bearish thesis, which appears like a challenging tasks due to the low trading volumes in the… Source link

Ahead of the Merge tentatively penciled in for August, Ethereum’s Beacon Chain experienced a seven-block reorganization (reorg) yesterday. According to data from Beacon Scan, on May 25 seven blocks from number 3,887,075 to 3,887,081 were knocked out of the Beacon Chain between 08:55:23 to 08:56:35 AM UTC. The term reorg refers to an event in which a block that was part of the canonical chain, such as the Beacon Chain, gets knocked off the chain due to a competing block beating it out. It… Source link

Ethereum’s price held steady amid signs its proof of stake blockchain shift is imminent. Photo: Dado Ruvic/Illustration/Reuters Ethereum’s price has consolidated after another signal that the ‘proof of stake’ merge is fast approaching. Two recent announcements that ethereum’s merge is imminent have encouraged investors to prepare for a bullish breakout of the world’s second largest cryptocurrency. Ethereum’s merge will see the energy-intensive proof-of-work mining cease on the network and a… Source link