Ethereum

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Ethereum has been a tear recently, rising more than 63% over the last month. Technical analyst Julius De Kempenaer told us why he thinks it will surge to $3,000. He also broke down how he trades cryptocurrencies based on price momentum and relative strength. See more stories on Insider’s business page. The price action of bitcoin and… Source link

It looked like Ethereum (CRYPTO:ETH) was going to make a big move and sure enough, it has. ETH has decisively broken the resistance that was at the $2,500 level. There wasn’t enough supply to satisfy all of the demand, which has forced buyers to pay higher prices, and it has resulted in a rally. But now it’s overbought. This means it could consolidate or start to trade sideways. On the below chart, the red line is two standard deviations above the recent 20-day… Source link

Dado Ruvic/Reuters Major banks from JPMorgan to UBS are increasingly keen on the Ethereum blockchain network, and it’s helping the system’s cryptocurrency, ether, soar to record highs. Ether rose to an all-time high of $2,710 during Asian trading hours, before paring some gains to stand at around $2,672 on Wednesday. The world’s second-most popular cryptocurrency had risen 15% over the week to Wednesday, according to data provider CoinGecko. It had gained around 260% in 2021 so far,… Source link

Pulse check: When a client goes down As of 4/20/2021 @ 19:33 UTCSource: CoinDesk Data Dashboard and beaconcha.in The Ethereum 2.0 network had its first major incident on Saturday, April 24. A bug was discovered in the software client, Prysm, that prevented roughly 70% of validators on the network from producing blocks. As background, there are four main Eth 2.0 software clients: Prysm, Teku, Lighthouse and Nimbus. In order to become a validator and earn rewards on the network, a user must… Source link

The last couple of weeks have been nothing short of a roller coaster for Ether (ETH), which oscillated between $2,000 and a record-high $2,650. The 20% crash on April 17 caused a $1 billion liquidation on long futures contracts, and it also drastically reduced investors’ appetite for risk. Ether (ETH) USD price at Coinbase. Source: TradingView However, as displayed above, the 28% gain over the last couple of days caused the open interest on Ether futures to reach $8.2 billion, which is just 5%… Source link

Crypto is a midwife for the next generation of finance: A simple set of tools built around a core idea of removing trusted intermediaries could form the foundation for a more secure, robust and innovative economy. Ethereum aims to be “the ultimate, fundamental settlement layer of this” new digital-first world, as Sandeep Nailwal, co-founder of ETH scaling solution Polygon, said. Polygon, which was founded in India, itself was reborn this past year. Founded as the Matic Network in 2017, it… Source link

Mainstream adoption of cryptocurrency continues to reach new highs in 2021 thanks to the growth of popular sectors like decentralized finance (DeFi) and nonfungible tokens (NFTs).  The explosive growth seen over the past year would not have been possible without the Ethereum network, which saw the price of Ether (ETH) break out to a new all-time high on April 27 following the successful launch of the “Berlin” upgrade on April 15. ETH/USDT 4-hour chart. Source: TradingView Data from Source link

Ethereum (CRYPTO: ETH) was trading at $2,567 at the time of writing, nearing its all-time high of $2,615 recorded on April 22. What Happened: As the second-largest cryptocurrency by market cap continued to trade higher, gas fees on the network dropped to a three-month low, according to data from Santiment. Analysts at Santiment pointed out that gas fees were back at the sub $10 level, recording an average level of $8.14. “This is obviously encouraging, with $ETH… Source link

Ethereum is one of the greatest technological innovations of the 21st Century. Its versatility across a wide range of applications, from transactions for financial services through to digital ledgers across many industries, have established it as one of the most important tools driving digital transformation. However, over the past few years, Ethereum has become far slower and more expensive than it used to be. It can take hours for a transaction to process over the network, and the cost per… Source link