Ethereum

Key Takeaways Crypto Twitter has been sharing jokes about wETH being exploited or losing its peg. At least one media publication—Bloomberg—took the jokes at face value. Wrapped Ethereum does not have a sole custodian and does not pose a systemic threat to the Ethereum ecosystem. Share this article Over the weekend, fears circulated in the crypto community stemming from claims that Wrapped Ethereum tokens could be at risk of losing their 1:1 value against ETH. However, the claims… Source link

Ethereum’s burning rate was more than minting activities, resulting in a good supply rate Staking activities were actively operational, although it was insignificant to ETH’s price Ethereum [ETH] seemed to have sustained a good performance despite the unpleasant nature of the crypto market. This was the opinion of Easy OnChain, a CryptoQuant analyst. According to his publication, which he tagged “Ethereum Better Every Day,” the on-chain reviewer opined that ETH… Source link

Ethereum’s burning rate was more than minting activities, resulting in a good supply rate Staking activities were actively operational, although it was insignificant to ETH’s price Ethereum [ETH] seemed to have sustained a good performance despite the unpleasant nature of the crypto market. This was the opinion of Easy OnChain, a CryptoQuant analyst. According to his publication, which he tagged “Ethereum Better Every Day,” the on-chain reviewer opined that ETH… Source link

Bitcoin fell to a six-day low to start the week, as the token moved closer to the $16,000 level. The drop sees prices fall for a fifth straight session, with overall sentiment in the cryptocurrency market turning bearish. Ethereum was once again trading below $1,200, after trading above this point in recent days. Bitcoin Bitcoin (BTC) fell for a fifth straight session on Monday, as the token moved closer to a breakout below $16,000. BTC/USD slipped to an intraday low of $16,086.36 to… Source link

Ethereum (ETH -3.83%) may be down 69% for the year, but its rivals are getting crushed even harder. Layer 1 blockchain networks such as Avalanche, Fantom, and Solana (SOL -10.11%) are all down 90% or more year to date. In fact, they are among the worst-performing cryptos in the entire market.  This dramatic fall has been eye-opening. During the last crypto bull market rally, each of these cryptos was heralded as a potential “Ethereum killer.” But that was before The Merge, and the market… Source link

Arman Shirinyan Ethereum’s plunge below $1,200 is result of selling pressure coming from one fund Ethereum’s reversal from the local resistance level was not something that most of the market anticipated in the weekend trading session on the cryptocurrency market. However, on-chain data clearly shows why the second biggest cryptocurrency broke down in such an unexpected manner. According to Nansen’s data, the Jump Crypto fund deposited more than 2,850 ETH into various centralized… Source link

Ethereum failed to clear the $1,250 resistance against the US Dollar. ETH is moving lower and might decline heavily if it breaks the $1,140 support. Ethereum struggled to gain pace for a move above the $1,250 resistance level. The price is now trading below $1,180 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $1,210 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if there is no clear… Source link

The leading cryptocurrency, Bitcoin, failed to break a descending triangle pattern and fell over 3% to $16,160 amid an increased level of FUD in the market.  Likewise, the second-most valuable cryptocurrency, Ethereum, has followed Bitcoin’s lead and fallen sharply by nearly 5% to $1,171. Crypto Market Cap Update The global crypto market cap fell over 2% to $815.32 billion the previous day, sending major cryptocurrencies into the… Source link

The second largest cryptocurrency, Ethereum (CRYPTO: ETH), traded lower on Friday, falling below the $1,200 level, before bouncing back above the key level early Sunday. According to Santiment, Ethereum whales are accumulating the cryptocurrency at the highest rate since 2020. Santiment said the last accumulation at this scale happened in 2020. At that time, it sparked an ETH rally which saw the price rise by 50%. Last week, ETH whales moved a massive $1.03 billion worth of Ethereum in just one… Source link

Ethereum addresses holding more than 100 ETH increased in the past weeks Staking rewards and the current price of ETH might be a motivation for the increased accumulation The price of Ethereum [ETH] has fluctuated between extreme highs and lows during the last few months, making investors less eager to invest in the coin. Nevertheless, despite the apparent drop in price, some specific groups of Ethereum holders appeared to be increasing their accumulation. Read Ethereum… Source link