Ethereum

Ethereum is currently following the general crypto market trend at this point and has been posting only slight gains in the last 24 hours. With the bear market in full swing, a large number of cryptocurrencies remain at risk of losing more of their value. However, for Ethereum, there could be a bull trend on the horizon and it has to do with staking on the network. Shanghai Upgrade Will Drive Ethereum Up Currently, compared to the other Layer 1 proof of stake networks in the sector,… Source link

ETH, the native cryptocurrency that powers the smart contract-enabled decentralized Ethereum blockchain, is consolidating on Thursday near the $1,250 mark after posting decent gains in the first few days of this week. Indeed, despite now having pulled close to 2% lower versus Wednesday’s highs in the $1,270 area, ETH is still up about 4.0% this week, after mustering a clean upside break of both of its 21 and 50-Day Moving… Source link

An Ethereum (ETH) investor recently turned $7,000 in ETH  they received in 2014 into $27 million worth of another crypto asset. The blockchain-tracking Twitter account Lookonchain first reported that an Ethereum initial coin offering (ICO) participant swapped 22,340 ETH for 20,544.14 WSTETH on the last day of 2022. The ETH ICO happened in 2014. At the time, the Ethereum investor received 150,000 ETH in total at the ETH ICO price of about $0.31. The value of that 22,340 ETH at the… Source link

A popular analyst is warning Ethereum (ETH) is facing another leg down while many other altcoins will lose a ton of their valuation. In a new YouTube strategy session, crypto strategist Nicholas Merten tells his 512,000 subscribers that Ethereum is on a downtrend with the 200-week moving average continuing to act as resistance. “Even though if we take a look at the ETH-to-BTC ratio, Ethereum has been holding up relatively neutral with where it’s been since May of 2021 against… Source link

What happened Several popular cryptocurrencies rose this morning, as investors wait for the release of the latest meeting minutes from the Federal Reserve. Since late afternoon yesterday, the price of the world’s second-largest cryptocurrency, Ethereum (ETH 3.46%), traded about 3.3% higher as of 11:11 a.m. ET today. The price of the meme token Dogecoin (DOGE 3.36%) traded about 2.8% higher, and shares of Cardano (ADA 6.73%) were up 6.5%. So what Investors are still trying to find direction… Source link

Ethereum rose to a three-week high on Jan. 4, as markets prepared for the release of the latest Federal Open Market Committee (FOMC) minutes. Wednesday’s report will likely show the U.S. Federal Reserve’s view on the economy, and further detail its reasoning behind a policy pivot. Bitcoin was also higher, rising to an eight-day high. Bitcoin Bitcoin (BTC) rose to an eight-day high on Wednesday, as cryptocurrency markets climbed ahead of the latest FOMC minutes release. Following a… Source link

“We have worked hard to create an Ethereum protocol that is capable of being highly decentralized. But there are centralizing forces everywhere, and we need to be super attentive to them,” said Ben Edgington, the Lead Product Owner at Teku, a client (which is a software) of Ethereum, developed by Ethereum blockchain-focused company ConsenSys. “We can’t force people to run Ethereum in a decentralized way, but it will become worthless if they don’t.” Source link

Bitcoin (BTC) continued to work on cracking the $17,000 mark on Jan. 4 as an “extremely tight” trading zone held firm. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $17,000 “possible” thanks to CPI print Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $16,906 on Bitstamp, up $300 from the previous day’s low. The largest cryptocurrency had benefited from a positive start to the year on Wall Street, this giving a broader boost to previously sideways… Source link

The Grayscale Ethereum Trust (ETHE) is trading at nearly a 60% discount to the underlying value of its assets, with shares falling 93% from its Jun. 2019 all-time high (ATH). There are many reasons behind the ongoing decline, but in recent weeks fears have grown that fallout from parent company Digital Currency Group’s debt of approximately $1.675 billion to troubled crypto lender Genesis could impact Grayscale assets. YCharts data shows a 59.39% discount at the time of writing, a level the… Source link

Continuing with 2022’s trend, there is a lack of positive excitement in the crypto market. While Bitcoin (BTC) and altcoins have remained stagnant to start 2023, there are a few reasons why volatility could spike in January.  Market caps during the 2022 holiday period. Source: Arcane Research Winklevoss Letter to DCG stirs up bankruptcy FUD On Jan. 2, Cameron Winklevoss, the co-founder of Gemini, penned an open letter to Digital Currency Group (DCG) founder Barry Silbert, demanding answers… Source link