Ethereum

Bitcoin and Ethereum have dropped below $40,000 and $3,000, after dipping below 4% and 5% respectively in the last 24 hours.  Currently priced at $38,962 and $2,904, respectively, the two largest cryptocurrencies by market cap have been in a recent slump. In the last week, both cryptocurrencies have fallen by almost 8%. The latest series of price drops can likely be attributed to the mining industry, which has experienced several developments that may have put further pressure on… Source link

You’d run out of fingers counting the good things about Ethereum ( ETH -2.88% ). The list includes the cryptocurrency’s No. 2 ranking based on market cap, its massive returns in recent years, its status as the leading blockchain for other digital tokens, and more. However, there’s at least one negative for Ethereum that has developed into a not-so-encouraging trend over the past several months. What is this trend — and should Ethereum investors be worried?

Ethereum started a fresh decline from the $3,080 resistance against the US Dollar. ETH price traded below the key $3,000 support and even declined below $2,920. Ethereum failed to clear $3,080 and started a fresh decline. The price is now trading below $3,000 and the 100 hourly simple moving average. There was a break below a key rising channel with support near $3,030 on the hourly chart of ETH/USD (data feed via Kraken). The pair could recover, but upsides might be capped near the $2,950… Source link

Following almost zero moves, Ethereum has been going through a period of low volatility over the past week. The price is amid the critical support at $3,000, and the bulls have so far successfully defended it. Technical Analysis Technical analysis by Grizzly The Daily Chart On the daily timeframe, the bulls have held the price above the support at $3,000. Buyer takers in this area have gained a little more power, and the volume delta has increased. Looking at the last few… Source link

advertisement Beanstalk, a credit-focused stablecoin protocol built on Ethereum, was exploited Sunday morning. The attacker obtained more than $80 million worth of crypto, including 24,830 ETH — an amount worth roughly $75.8 million as of press time. The remainder of the exploited funds were in the form of drained liquidity connected to the protocol’s governance token. Transaction data indicates that the exploiter has since begun moving funds to Tornado, an Ethereum-based mixer that… Source link

In 2013, Ethereum ( ETH -2.50% ) became the first programmable blockchain. Whereas preceding blockchains served solely as digital ledgers for transaction data, Ethereum could also support self-executing computer programs known as smart contracts. That technology has since evolved into a vibrant ecosystem of decentralized applications (dApps) and decentralized finance (DeFi) products. Today, Ethereum is a thriving ecosystem of software and services, but that popularity has… Source link

by Analytics Insight April 16, 2022 Bitgert (BRISE) has been doing pretty well in the market, with the coin recently hitting a new ATH. The Ethereum team is working on making its project super attractive, which can be seen from the recent reduction of gas fees. The expensive gas fee has been one of the biggest Ethereum network limitations and has been the reason the project’s growth has stagnated. The team is working on upgrades that will make the chain cheaper and also faster. With… Source link

No. 2 blockchain Ethereum took a big step toward its greener future this week with the launch of a “shadow” version of the forthcoming Ethereum 2.0. But that was tempered by news of more delays that will see the most important part of the second generation of the smart-contract blockchain — scalability — pushed back to at least 2023. See also: PYMNTS Blockchain Series: What Is Ethereum? The Blockchain That Moved Crypto Beyond Currency The blockchain on which almost everything except… Source link

Close to $10 billion — or roughly 3.2 million Ether tokens — has been deposited on decentralized finance (DeFi) platform Lido Finance in preparation for a revamp of Ethereum. As Bloomberg reported Friday (April 15), the long-gestating software upgrade — known as the Merge and planned for later in the year — is designed to provide sweeping cuts in energy use, improve performance and provide greater returns on the popular blockchain. Read more: Ethereum 2.0 Project Enters Final… Source link

Key Takeaways Ethereum has retraced by more than 18% over the past two weeks. The losses extended after the Ethereum Foundation’s Tim Beiko hinted that “the Merge” could be months away. Ethereum must hold above $3,000 to avoid a brutal correction.  Share this article Ethereum followers suffered a setback this week after the Ethereum Foundation’s Tim Beiko hinted that the Proof-of-Stake transition wouldn’t occur in June 2022. The update came as Ethereum has been trying to find… Source link