Ethereum

At the time of writing, Ethereum was up by 0.14% to $4,305. A bullish start to the day saw Ethereum rise to an early morning high $4,377 before sliding to a late morning low $4,282. In spite of the early moves, Ethereum fell short of the first major resistance level at $4,418 while also avoiding the first major support level at $4,065. For the Afternoon Ahead Ethereum would need to avoid the day’s $4,184 pivot to bring the first major resistance level at $4,418 back into play. Plenty of support… Source link

Want to know two amounts that just might blow you away? Here they are — $2.07 and $675.67. To be blown away, though, you need to understand the context. If you had invested only $2.07 one year ago in Shiba Inu (CRYPTO:SHIB) and held on to your coins, you’d now have $1 million based on the trading price at the time of this writing. To have that cool million with Ethereum (CRYPTO:ETH), you would have needed to buy $675.67 of the coins in July… Source link

Key Support levels: $4,000 Key Resistance levels: $4,350, $4868 (ATH) ETH failed to chart any meaningful gains throughout the week as bears intercepted all attempts at a rally and managed to bring the price back towards the $4,000 support on a few occasions. This price action shows that bulls don’t appear ready to push above the $4,350 resistance, and bears are seemingly in control of the momentum, at least for the short term. Until $4,350 is flipped into support, bulls… Source link

The second leading crypto asset ethereum has been dealing with high fees since the end of June and today the average ethereum transaction fee is between $5 and $34 per transfer. While there’s been a lot of complaints about ether gas costs this year, Ethereum founder Vitalik Buterin has recommended an Ethereum Improvement Proposal (EIP) that aims to decrease transaction costs by five times. Ethereum developer Tim Beiko discussed the idea as well, and talked about possible… Source link

Ethereum has been on a tear this year. It’s outperformed bitcoin and has hit an all-time high. Ethereum has even won over people like Mark Cuban. “I have my fair share of bitcoin, but I’m more of an Ethereum maxi,” Cuban said on a recent episode of the Next with Novo podcast. Cryptocurrency “maximalists” are usually regarded negatively in the industry. However, Cuban uses the term to indicate that he prefers Ethereum over other blockchains. “We’re seeing a rush where there’s… Source link

Widely followed crypto analyst Pentoshi says that an Ethereum rival is jostling for new all-time highs as ETH also looks ready to fly in its Bitcoin pair. The pseudonymous analyst tells his 375,000 Twitter followers that the chart for Ethereum-scaling solution Polygon (MATIC) is hinting at a sizeable price spike. “Not sure if this has any good [fundamental analysis] coming but looks that way. Charts look telling. In my opinion, new all-time highs coming soon. Higher lows and… Source link

Coin HealthCheck: Ethereum Meta (ETHM) About Meta (ETHM) is an anonymous token of a crypto project that aims to solve privacy issues on the Ethereum blockchain. Besides that, the team behind ETHM seeks to make it the daily payment method of anonymous marketplaces. Launched back in 2018, Ethereum Meta stayed low for years. Then it began to get attention after its tremendous 1,743% rally in November 2021. State of Project: Ethereum Meta smart contracts enable direct anonymous… Source link

Key Takeaways High gas fees on Ethereum have highlighted the urgent need for scaling solutions. While the scaling solutions of today have seen success, they suffer from problems with composability and decentralization. ZK-Rollups improve on existing Layer 2 networks by offering enhanced interoperability and security. Share this article As the cost of using Ethereum increases, the need to scale the network has become more apparent than ever. Zero-Knowledge Rollup technology promises… Source link

What happened  Cryptocurrencies dropped across the market early Friday morning as the world grapples with news of another COVID-19 variant. Stock markets fell in premarket trading, but cryptocurrencies, which trade 24 hours per day, started dropping shortly after midnight ET.  Bitcoin (CRYPTO:BTC) has been sliding for nearly a month, but that trend accelerated early Friday. The value of the largest cryptocurrency is down 7% in the past 24 hours as… Source link

“It was Ethereum, in Metamask, with the gas fees.” There is often talk of Solana being an Ethereum killer, but what if the culprit is not the latest trendy smart contract platform; what if the wounds are self-inflicted and Ethereum will ultimately be done in by Ethereum itself, which is to say, by its own shortcomings? Or alternatively, is this all melodramatic FUD from people who put their money on the wrong horse and are bitter about it? Is it actually the case that ETH, like Gloria… Source link