Ethereum

A high-flying Solana (SOL) refused to land even in the face of a brutal sell-off in the cryptocurrency market on Tuesday. Two days later, the price of SOL rebounded to another new all-time high. The SOL/USD exchange rate averted a big pullback over the previous 48 hours and reached $217 for the first time in history. The pair’s ability to sustain bearish pressure underscored investors’ growing interest in Solana’s blockchain as an emerging rival to Ethereum, a public ledger currently… Source link

Whales moved more than $1 billion in Ethereum (ETH) across 21 separate transactions this week amid a widespread market correction, according to crypto tracker Whale Alert. Whale Alert notes an unknown wallet sent Binance a whopping 99,990 ETH on Tuesday, worth more than $343 million, the largest of the tracked transactions.   Other large transactions include an unknown wallet that sent 46,470 ETH worth more than $159.4 million. Two other sizable transactions moved 43,654 Ethereum… Source link

Financial services giant Standard Chartered has revealed a staggering estimate of Ethereum’s potential valuation. In a new report titled “Ethereum Investor Guide,” the $781 billion firm prices Ethereum (ETH) somewhere between $26,000 and $35,000 per token, which is more than 900% above its current level.   “A range of USD 26,000-35,000 may appear high compared to the current ETH price (just below USD 4,000), but we think the current price reflects both the relative… Source link

Ethereum price action shows little has changed from the open. Inside bar on the daily chart can present opportunities. The price range for a breakout trade in either direction is tight. Ethereum price action is very constricted during today’s trading. A primary reason for this consolidation goes beyond the volatility of yesterday’s trading. There is a very tight $100 range above and below the $3,400 value area where Ethereum has a near equal opportunity to… Source link

ETH/USD – Ether Falls Beneath 20-day MA Key Support Levels: $3350, $3185, $3000.Key Resistance Levels: $3600, $3790, $3875. Ethereum suffered a very sharp price crash over the past 24 hours. Yesterday, the coin lost as much as 23% from a high of $3946 to reach as low as $3025. However, the market recovered slightly by the end of the day to close at the 20-day MA. Today, ETH slipped a little, which put the price beneath the 20-day MA. Yesterday’s price drop was quite… Source link

Groundbreaking research by University College London has systematically assessed the energy consumptions of leading proof-of-stake networks and concluded not all PoS blockchains are created equal. Proof-of-stake has been heralded as the environmental saviour of the crypto industry, emerging as the rousing response to widespread attempts at decrying blockchain technology on the basis of its environmental impact. Forecast as the future of the industry, there are many projects racing to become… Source link

Ethereum is currently trading at $3,420 following a devastating sell-off that saw $75 billion wiped off its market cap in a matter of minutes. The industry’s second-largest asset has recovered significantly from a low of $3,000, although the recent plunge has proliferated the amount of bearish outcomes over the coming weeks and months. While the cryptocurrency market was in a healthy position at the start of the week, it now seems to have formed a local top as a result of an increase in… Source link

Bitcoin price started a major decline below USD 50,000 and USD 48,000. Ethereum declined heavily towards USD 3,000, XRP spiked below USD 1.00. SOL is still holding gains above the USD 160 support level. Bitcoin price saw a sharp bearish wave below the USD 50,000 support. BTC declined over 15% and it even tested the USD 43,000 zone before rebounding sharply. It is currently (04:26 UTC) correcting losses below USD 47,000, while upsides… Source link

A report published by the British bank Standard Chartered indicates the company’s analysts are bullish about the crypto asset ethereum. The bank’s analysts think that bitcoin could reach $175K and said “structurally, we ‘value’ ethereum at $26,000-$35,000.” British Bank Publishes ‘Ethereum Investor Guide,’ Formulates the Economic Case for Ethereum’ The British multinational banking and financial services giant Standard Chartered has published a report on the two… Source link

What happened The price of most cryptocurrencies fell on Tuesday morning after some hit new highs on Monday night. The price of Bitcoin (CRYPTO:BTC) had dropped roughly 11% as of noon EDT, while the prices of Ethereum (CRYPTO:ETH) and Dogecoin (CRYPTO:DOGE) had fallen roughly 12% and 18%, respectively. The fall in prices seemed to be attributed to market volatility commonly associated with the cryptocurrencies, and as El Salvador looks to implement… Source link