Ethereum

Ethereum TVL fell steeply in the second week of May due to decreased investor interest in decentralized finance and the entire crypto finance market. Ethereum has dominated the decentralized finance (DeFi) space for a long time. According to Be[In]Crypto research, the blockchain that controls DeFi has lost 36% in total value locked (TVL) since the first day of the year. On that day, Ethereum had a TVL of approximately $146.77 billion, and this decreased to around $93.9 billion on May 10,… Source link

A popular crypto analyst is highlighting the reasons why he believes Solana (SOL) is still the top Ethereum (ETH) challenger. The anonymous host of InvestAnswers tells his 436,000 YouTube subscribers that his “Day One Thesis” was that SOL was his Ethereum hedge as he considers Solana the only potential “ETH killer.” He notes that SOL has less than 1/12th the market cap of ETH but “it’s doing a lot of stuff.” The analyst also outlines Solana’s potential advantages… Source link

Ethereum price bounces off the $2,200 support level after a 12% crash over the last three days. Investors can expect a retest of $2,541 before ETH crashes to $1,730 to collect the sell-stop liquidity. A three-day candlestick close above $3,079 will invalidate the bearish thesis by producing a higher high. Ethereum price has sealed its bearish fate after breaching the consolidation pattern’s lower trend line on May 6. This development has worsened the situation… Source link

Last week, Yuga Labs’ massive Otherdeed NFT mint, for virtual land deeds in the Bored Ape Yacht Club metaverse realm Otherside, clogged the Ethereum mainnet with transaction demand. This triggered a gas war and network chaos that could have been prevented altogether, according to E.G. Galano, the co-founder and general manager of Ethereum infrastructure provider Infura. While Yuga Labs saw $561 million in trading volume in just 24 hours, the mint became the sixth-largest source of burned… Source link

Editorial Independence We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money. Bitcoin and ethereum have dropped by 7% over the last 24 hours, with bitcoin approaching $32,000 and ethereum trading near $2,400. And one expert warns bitcoin could drop even further, below $30,000 for the first time since July 2021.  Bitcoin… Source link

Bitcoin BTC/USD and Ethereum ETH/USD were trading over 4% and 5% lower, respectively, on Monday. The move lower is the continuation of a downtrend, which escalated on May 5. Since that date, Bitcoin has plunged over 18% and Ethereum has plummeted about 19%, as fear of a recession has gripped traders and investors, causing an accelerated move to the downside. A recession takes place when economic activity begins to decline due to people deciding to spend less money and save more. Rising… Source link

Fear dominates the crypto market, following six weeks in the red. Many large caps have lost their long-term support, and ETH is one of them after reaching its lowest level since February 24, the day of the invasion. Technical Analysis Technical Analysis By Grizzly The Daily Chart The Delta Volume of both Binance futures and FTX perpertuals evaluates the behavior of buyers and seller takers in the market. When green histograms are witnessed, it is interpreted that buyer… Source link

Having spent the last five weeks in decline, the industry’s largest cryptocurrencies by market capitalization, Bitcoin and Ethereum, are currently down roughly 50% from their all-time highs posted during the 2021 bull run.  Leading cryptocurrency Bitcoin still dominates 41.8% of the market with a capitalization of $628 billion. It’s trading at $32,947 – a level not seen since July 2021, according to crypto data aggregator CoinMarketCap.  This figure records a 51.98% drop in value since… Source link

Bitcoin price has breached a significant support level at $34,752 on the weekly time frame, hinting at a descent. Ethereum price followed BTC’s lead and crashed below the $2,541 foothold. Ripple price has also flipped below a stable floor but technicals are still reflecting a bullish possibility. Bitcoin price is in a fragile state after a breakdown of a critical support barrier. Ethereum, Ripple and many altcoins have already crashed a lot and could continue doing so if BTC does not… Source link

Key Takeaways Bitcoin and Ethereum have dipped by more than 15% over the past four days. Bitcoin could dive to $28,060 if it breaches the $32,850 support level. Ethereum must hold above $2,500 to avoid a downswing to $1,720 or lower. Share this article Bitcoin and Ethereum are still trending downwards while fear surrounding the global macroeconomic environment escalates. Losses could accelerate as both cryptocurrencies appear to breach vital demand zones. Bitcoin and Ethereum Face… Source link