Ethereum

Arman Shirinyan Thanks to burning mechanism, Ethereum is slowly turning into profitable network Prior to the Merge update and the continuous reduction of issuance, Ethereum has been the “unprofitable” blockchain, just as any cryptocurrency network on the market. However, the situation has changed. The “profitability” of a blockchain is not the same as the profitability of a company in traditional finance. Technically, the subtraction of new issuance from fee burns is what allows us to… Source link

Arman Shirinyan One of biggest Ethereum wallets on chain is not owned by conscientious investors After the alleged FTX “hack,” the programmer’s wallet reached the $280 million threshold, making it one of the biggest wallets on the blockchain. However, the lack of predictability might cause serious problems for the market. By taking an enormous volume of funds off of the exchange, the hacker acquired control of a large chunk of funds that he later exchanged for Ethereum and sent to yet… Source link

Top Ethereum whales were accumulating in a style that could lead the altcoin king to a price correction Based on the price-DAA divergence, ETH was far from being undervalued. Hence, the assumption could be valid The recent market turbulence ensured that crypto prices faced a downturn, from which Ethereum [ETH] was not exempted. However, investors who might have expected some respite could be dealt a blow due to the recent whale action. Here’s AMBCrypto’s Price… Source link

The Ethereum price has risen by 1% in the past 24 hours, with its current level of $1,269 marking a 15.8% rebound since reaching a five-month low of $1,095.18 on Thursday. This low came amid fallout from the FTX collapse, which continues to threaten the market with the possibility of contagion. The ETH price is now 72% down in the past 12 months, marking its worse year since 2018 when it plunged by over 90%. And while Ethereum has… Source link

On September 15, one of the most significant changes occurred on a layer 1 blockchain network. The Ethereum network, which thus far had operated on a Proof-of-Work (PoW) system, changed to a Proof-of-Stake (PoS) system. But for many who are only superficially involved in cryptocurrency and blockchain networks, this event probably went down as a historical footnote — some discussion was raised, but other events probably took centrestage. This was — at least to Ethereum founder Vitalik… Source link

Ethereum price attempts to break out above the declining trend line connecting the wicks of lower highs formed since November 10.  The resurgence of buying pressure could propel ETH to the $1,350 and $1,422 hurdles. A four-hour candlestick close below $1,210 will create a lower low and invalidate the bullish thesis for ETH. Ethereum price shows a slight surge in buying pressure, which has pushed it above one of the two immediate hurdles. A continuation of this momentum could lead to a… Source link

BITCOIN AND ETHEREUM KEY POINTS: Bitcoin and Ethereum have plummeted around 75% from the 2021 highs While cryptocurrencies have crashed and recovered before, the macro environment is becoming more challenging for risky assets Restrictive monetary policy, coupled with growing distrust in the crypto industry, may prevent digital tokens from staging a strong comeback in the near term Trade Smarter – Sign up for the DailyFX Newsletter Receive timely and compelling market commentary from the… Source link

Alex Dovbnya Citron Research has tweeted that it remains bearish on Ethereum (ETH) Citron Research has tweeted that it remains bearish on Ethereum (ETH), the second-largest cryptocurrency.  It believes that the $130 billion token has as many “common sense flaws” as failed exchange FTX.  Speaking of the ongoing cryptocurrency crisis, Citron says that it has reignited its flame for short-selling. It believes that there are many stocks that are elevated on the misconception that… Source link

Post-Merge Ethereum price action has kept traders wondering what’s in store for ETH going forward, but a few positive developments present good long-term prospects.  Bears have been at the forefront of the market, with the price action of top cryptocurrencies like Bitcoin and Ethereum dramatically down. With volatility leading the way, ETH price, much like BTC, has witnessed significant ups and downs for most of the last week.  Despite BTC price falling to two-year lows, Ether has… Source link

Bitcoin started the week trading below $17,000, as volatility in the cryptocurrency space continued to intensify. Following last week’s collapse of FTX, account withdrawals have increased, with several customers opting to remove their tokens from exchanges. However, strong comments from Twitter CEO Elon Musk have helped boost prices. Ethereum remained below $1,300 on Monday. Bitcoin Bitcoin (BTC) started the week trading below $17,000, as market volatility remained high, following… Source link