Ethereum

As Ethereum gas fees surge, it is getting expensive to transact on the Ethereum blockchain.  Lower value non-fungible tokens may be hit hard with rising Ethereum gas fees that could eliminate the bottom of the NFT market. $2 billion worth of Ethereum deposited to exchange wallets may belong to whales looking to take profits.  Ethereum’s climb toward its May all-time high of $4,356.99 is interrupted by the ongoing consolidation. Nearly 600,000 Ether was deposited to… Source link

Altcoins and DeFi tokens have been on a tear for the last two weeks  and as the end of August approaches many projects are seeing their tokens reach for new all-time highs. Data shows that a majority of the top-10 DeFi tokens gained more than 20% in the past 30-days, with projects like Bancor (BNT) and THORChain (RUNE) seeing gains in excess of 115%. Top-10 DeFi assets by price. Source: Messari Here’s a look at some of the factors behind the current boost to DeFi tokens and the projects… Source link

Ether (ETH) will face a critical $820 million monthly options expiry on Friday, Aug. 27. That will be the first time that $3,000 and higher options will have a real fighting chance, even though bulls seem to have missed a good opportunity to dominate the expiry because they were too optimistic about Ether’s price potential. It is unclear why $140 million of the neutral-to-bullish call options were placed between $3,800 and $8,000, but these instruments will likely become worthless as the… Source link

This article originally appeared in Valid Points, CoinDesk’s weekly newsletter breaking down Ethereum 2.0 and its sweeping impact on crypto markets. Subscribe to Valid Points here. Pulse check The following is an overview of network activity on the Ethereum 2.0 Beacon Chain over the past week.  For more information about the metrics featured in this section, check out our 101 explainer on Eth 2.0 metrics.  Data as of Aug. 24, 2021, 20:28 UTCSource: Beaconcha.in, Etherscan Data as of Aug. 24,… Source link

The amount of Ether (ETH) held by all cryptocurrency exchanges has declined dramatically in the previous 12 months. Blockchain analytics firm CryptoQuant reported that Ethereum reserves on trading platforms dropped 26.29 million ETH to 19.22 million ETH year-on-year (YoY), indicating that traders’ preference to hold their tokens increased. At least the Ether price performance in the same period indicates the same. Between August 25, 2020, and press time, the ETH/USD exchange rate exploded by a… Source link

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Ether (ETH) price rallied 32% leading up to August 23, and despite testing the $3,000 support multiple times, the level has held firmly. Meanwhile, Bitcoin (BTC) could not sustain the $50,000 mark, at least in the short-term. According to Cointelegraph, pro traders are not yet inclined to add bullish positions according to derivatives metrics. Surprisingly, the opposite situation emerges when looking at the sentiment of Ether traders who currently show a reasonable degree of confidence in the… Source link

Ether is a type of cryptocurrency, and Ethereum is the blockchain technology behind it. Ethereum; Alyssa Powell/Insider Ethereum is a general-purpose decentralized computing platform that uses blockchain technology. Ether (ETH) is Ethereum’s native currency, and it is currently the second-largest cryptocurrency by volume. Despite its popularity and wide applications, Ethereum remains a highly speculative investment. Visit Insider’s Investing Reference library for more stories.

What happened Bitcoin (CRYPTO:BTC) is back (baby). After months languishing in a $30,000 to $40,000 price channel, the granddaddy of cryptocurrencies surged past $50,000 per coin on Monday. What may surprise you, though, is that other cryptocurrencies are doing even better. Here’s how prices have changed over the past 24 hours (as of 10 a.m. EDT) for several of the biggest names in cryptocurrency, according to the price trackers at Coindesk:… Source link

ETH/USD – Facing Bearish .618 Fib Resistance Key Support Levels: $3200, $3150, $2950. Key Resistance Levels: $3350, $3540, $3700. Ethereum is currently facing the same resistance it struggled with over the past 10 days, at $3350, provided by a bearish .618 Fib. This resistance already led to a retracement during the week as ETH sank to the support levels at $2960, provided by a .236 Fib and the 20-day MA. Earlier today, ETH recorded its highest price since May 19th:… Source link