Ethereum

  Bitcoin price failed to stay above the USD 40,000 support. Ethereum is down over 5%, XRP might revisit the USD 0.705 support. AVAX, DOT, and DOGE are down at least 5%. Bitcoin price declined over 7% in a day and there was a clear move below the USD 40,000 support. It is currently (11:55 UTC) trading below USD 39,500 and there is a risk of more downsides. Similarly, most major altcoins are gaining bearish momentum. ETH declined below… Source link

Source: AdobeStock / 安琦 王   Ethereum (ETH) took another step towards the Merge, when the current Ethereum Mainnet will “merge” with the beacon chain proof-of-stake (PoS) system — as configurations for Kiln, the last public testnet before switching to the PoS mining algorithm, have been published. “The configs for the Kiln testnet are out,” said Ethereum Foundation‘s Parithosh Jayanthi.  He further added that a longer… Source link

Ethereum price faces a decisive moment as it coils up inside a symmetrical triangle. Investors can expect a 34% move in either direction, considering the ambiguous nature of the setup. A move to the upside seems unlikely due to the presence of multiple resistance barriers. Ethereum price action shows an interesting setup that forecasts the possibility of a massive move in both directions. However, considering the technical aspects, the probability of a down move… Source link

Gas fees for transactions on the Ethereum (ETH) blockchain have dropped to the lowest levels since August. But they’re still not cheap. According to data sourced from Coinmetrics and shared by CryptoRank Platform, the seven-day moving average cost of an Ethereum transaction as of March 9 totaled $11.14, placing it back amongst the levels recorded mid-last year before it surged dramatically to as high as $55 at the tail end of 2021. The cost of transactions on the @Ethereum network has not… Source link

Over the course of this series of articles, we are going to look at the top blockchains in cryptocurrency, with a goal of helping you understand what they are, how they work, what they do, and what their pros and cons are. You’ll come out of this series not only with a better sense of what cryptocurrency is all about; you’ll understand why the way a token works — the way its blockchain processes transactions — is key to its success or failure as a digital asset. See also: PYMNTS… Source link

Ethereum is a decentralized finance giant that has seen significant growth over the past few years, spurred on by events like “DeFi Summer” and the rise of nonfungible tokens (NFTs).  Ethereum’s popularity, however, may be leading to its downfall, as other protocols look to eat away at or completely consume its market position. Bitcoin and the birth of Ethereum Bitcoin (BTC) is the mother of all blockchains and was the first modern iteration of what is widely known today as… Source link

What happened  The cryptocurrency industry woke up to some good news on Wednesday morning after President Joe Biden signed an executive order to have regulators look into digital assets broadly. Rather than trying to ban them, the order indicates the White House is interested in sensible regulations that will spur innovation.  Bitcoin ( BTC -6.53% ) jumped as much as 10.4% over the last 24 hours as of noon ET on the news, Ethereum ( ETH -5.21% ) was up 8.1% at… Source link

Gas fees on Ethereum are falling, and it’s currently at a six-month low, says Arcane Research. In its new report, the blockchain analytics company revealed that the seven-day average of Ethereum transaction fees had been the lowest since August 2021. A more cursory look at the data would show that it has been dropping since January. Ethereum gas fees are now as low as $15 One of the major complaints about Ethereum is its intrinsic high gas fees which tend to price out users. This has led to… Source link

The average transaction fees on the Ethereum (CRYPTO: ETH) have fallen to a seven-month low, according to recent on-chain data. What Happened: A new report from blockchain analytics firm Arcane Research finds that the seven-day average for Ethereum transaction fees is at the lowest rate since August. According to data from Y Charts, the average transaction fee fell to a low of $1.7 on Monday. The average ETH transaction fees are currently 82% lower than they were at the same… Source link

Source: AdobeStock / Mahoa Creative   Ethereum (ETH)‘s price went up today along with most other cryptoassets after what has been a month of sluggish performance against bitcoin (BTC), and a prolonged period of falling interest in decentralized finance (DeFi) and non-fungible tokens (NFTs). As of Wednesday at 12:55 UTC, ETH traded at USD 2,750, up 6.9% for the past 24 hours and down 7.6% for the past 7 days. And although today’s… Source link