Ethereum

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Ethereum’s native token Ether (ETH) has dropped by nearly 20% in the last three weeks, hitting monthly lows near $2,900 on April 19. But despite rebounding above $3,000 since, technicals suggest more downside is possible in the near term, according to a classic bearish pattern. Ethereum price ‘bear flag’ setup activated Dubbed “bear flag,” the bearish continuation signal appears as the price consolidates higher inside an ascending parallel channel after a strong downward move (called the… Source link

Ethereum started a steady recovery wave above the $2,980 resistance against the US Dollar. ETH price is now facing a strong resistance near $3,080 and $3,100. Ethereum started a major upside correction from the $2,880 zone. The price is now trading above $3,000 and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $3,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear $3,080 and $3,100 to start a strong upward… Source link

The Ethereum Foundation (EF) has released a report detailing how its $1.6 billion treasury consists mostly of Ether (ETH), but with a surprising 18.8% in non-crypto assets. In total, the EF non-profit organization which manages the funds for Ethereum developments holds about 0.3% of the current total ETH supply, amounting to roughly $1.3 billion which is verifiable on Etherscan. However, its non-crypto holdings account for a sizable $302 million share. The April 2022 report is the first issued… Source link

Image source: Getty Images Could another coin dethrone Ethereum? Key points The recent market crash has a widespread effect on the entire cryptocurrency market and can open up many investment opportunities. The utility offered by Ethereum makes it a difficult token to dethrone. … Source link

The Ethereum Foundation (EF) – a non-profit organization that supports the second-largest blockchain protocol – disclosed that its treasury equals around $1.6 billion. $1.3 billion of it is distributed in digital assets (primarily ETH), while approximately $300 million belong to non-crypto investments. The EF Sold ETH at the ATH In its financial report, the Ethereum Foundation revealed that 99.1% of its total $1.3 billion crypto holdings are held in ETH. This amount was… Source link

Toni M/iStock via Getty Images Thesis Ethereum (ETH-USD) is at the center of decentralized finance, smart contracts, NFTs, and other fast-growing trends. I believe that these trends will support long-term price appreciation in Ethereum. However, a key part of the Ethereum story at this point is the consensus layer upgrades, which add short-term risk due to the technical complexity of implementing changes such as proof of stake. This risk will decrease over time, thanks in part to testing… Source link

Key Takeaways Bitcoin has dropped by more than 20% over the past two weeks.  Likewise, Ethereum has retraced by 19.5% since Apr. 3. Both assets have reached critical areas of support.  Share this article Bitcoin and Ethereum kicked off the week in a negative posture. Although prices have rebounded over the last few hours, both cryptocurrencies appear to be hanging by a thread. Bitcoin at Vital Support Bitcoin sits on top of one of the most vital support areas on its trend, as whales… Source link

The Ethereum Foundation treasury has $1.3 billion in Ethereum, $300 million in non-crypto investments, and another $11 million in other cryptocurrencies, according to a 2021 financial report released today. As of March 31, 2022, the foundation’s Ethereum holdings amounted to nearly 3% of the entire ETH supply.  The foundation regularly announces grant spending and donations on its blog, but this is the first time it has published an annual financial report. As the network matures, the… Source link

Share this article The Ethereum Foundation has published its first report. In addition to helping the Foundation communicate its vision to the community, the report also breaks down its $1.6 billion treasury holdings.  Ethereum Foundation Details Holdings Ethereum’s largest non-profit has revealed how much ETH it owns.  The Ethereum Foundation published a new report Monday as part of its efforts to increase transparency and communicate its vision to the Ethereum community. The 28-page… Source link