Ethereum

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Ether (ETH) price is up 60% since May 3, outperforming leading cryptocurrency Bitcoin (BTC) by 32% over that span. However, evidence suggests the current $1,600 support lacks strength as network use and smart contract deposit metrics weakened. Moreover, ETH derivatives show increasing sell pressure from margin traders. The positive price move was primarily driven by growing certainty of the “Ethereum merge” transition to a proof-of-stake (PoS) consensus network in September. During the… Source link

Despite crypto market turbulence, active contributors across Bitcoin, Ethereum and Solana’s top projects have increased by an average of 71.6% per year since January 2018, according to a new report. The findings come from a Tuesday report sent to Cointelegraph by technology investment firm Telstra Ventures, which found that Solana had the most significant annual increase in monthly-active contributors, growing at a compound annual growth rate of 173% since January 1, 2018. Contributors are… Source link

On-chain data shows the number of active Ethereum addresses has recently spiked up to a new all-time high. Here’s what happened in the past when the metric reached such high values. Ethereum Active Addresses Surge To A New All-Time High As pointed out by an analyst in a CryptoQuant post, a signal that has usually been bearish for the price of the crypto has gone off recently. The “active addresses” is an indicator that measures the total number of Ethereum wallet addresses that showed… Source link

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their… Source link

Ethereum’s EIP-155 upgrade went live last year. The improvement proposal significantly changed Ethereum’s monetary policy and introduced the whole burning mechanism. Post the upgrade, even though burning was implemented, ETH’s price did not react to it immediately. More so because the issuance was higher than that of the burning rate. However, on a couple of occasions when the burning rate has accelerated, ETH has noted minor relief upticks simultaneously. At the moment, however,… Source link

Ethereum failed to stay above $1,650 and extended losses against the US Dollar. ETH might continue to move down towards the $1,500 support zone. Ethereum started a downside correction after it settled below the $1,700 level. The price is now trading below $1,650 and the 100 hourly simple moving average. There was a break below a declining channel with support near $1,610 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down towards the $1,550 support… Source link

Ethereum has been at the forefront of the crypto market recovery in recent times. This is because the price of Ethereum had rallied following an important update regarding the upcoming Merge, and the market had recovered in kind. ETH’s price had quickly grown to one-month highs and had seen its value grow beyond $1,700. This had no doubt put a good number of ETH investors ahead when it comes to profit. ETH Profitability Grows Ethereum had seen its profitability decline following the… Source link

A popular crypto analyst is predicting that one big Ethereum rival will rally and says ETH itself is showing significant strength.  In a new strategy session, the host of YouTube channel InvestAnswers tells his 443,000 subscribers that Ethereum’s recent rally still has gas in the tank “ETH has been enjoying three weeks of big fat green candles and it is well above the 200-week moving average, which is at $1,200 and Ethereum is banging on the door of $1,600 real soon. Also… Source link

Coinbase is now offering Ethereum staking to its institutional domestic clients in the United States on Coinbase Prime. The announcement was made by the global cryptocurrency exchange in one of its recent blog posts. Not necessarily for good reasons, Coinbase has recently been in the news. Just a few days ago, the former product manager of the crypto exchange was taken into custody. A disappointing piece of news was then delivered to COIN investors as it was disclosed that Cathie Wood… Source link