Ethereum

Key Takeaways Ethereum is currently presenting a sell signal on the daily chart. The bearish formation comes after ETH rallied 40%. A spike in profit-taking could push ETH to the $1,300 support level. Share this article Ethereum could be on the verge of a significant correction after gaining more than 400 points in market value over the past week. Still, on-chain data shows that ETH is sitting on a stable support level. Ethereum Flashes Sell Signal Ethereum appears to be trading in… Source link

Ethereum was back in the green on Friday, as bulls returned to action following yesterday’s selloff. Crypto markets set aside concerns over Tesla’s bitcoin sale, extending this week’s rally in the process. Bitcoin was also up in today’s session, as it headed back towards $24,000. Bitcoin Bitcoin (BTC) prices rose on Friday, as markets rebounded following yesterday’s Tesla-led selloff. The world’s largest cryptocurrency climbed to an intraday high of $23,663.72 in… Source link

After the developers working on the Ethereum (ETH) network tentatively scheduled the Merge upgrade for September, analysts interested in the cryptocurrency market are looking at past information to predict the token’s activities after the update. One of them is Lucas Outumuro, the director of research at data analytics startup IntoTheBlock, who posted a chart on his Twitter account on July 22, demonstrating the historical data of Ethereum’s net issuance, as well as its projection… Source link

Yesterday, Ethereum (ETH) held on exchanges hit a four-year low following record staking figures on Ethereum 2.0 (the network’s incoming upgrade, recently rebranded to “Consensus Layer”). Centralized exchanges tracked by the analytics platform Glassnode currently hold 19.09 million Ethereum, a metric which was just under 20 million in July 2018, suggests Glassnode data. Moreover, Ethereum held on exchanges has plummeted by 10% from 21.191 million over the past five days. These data… Source link

  Bitcoin price moves higher above USD 23,000. Ethereum surpassed USD 1,620, XRP inches higher above USD 0.35. Multiple altcoins are up in double-digits. Bitcoin price remained well supported and moved above the USD 23,000 zone. BTC even climbed above the USD 23,400 level and is currently (10:20 UTC) up 2% in a day and 13% in a week. Similarly, most major altcoins are showing signs of more gains. ETH surged almost 9% and was able to… Source link

Ethereum co-founder Vitalik Buterin discussed the upcoming ‘Merge’ in which Ethereum will make a full transition from proof-of-work to a low energy intensive proof-of-stake mechanism for validating on-chain transactions. Photo: Michael Ciaglo/Getty Ethereum will change its monetary policy in the long-awaited ‘Merge’ upgrade, with the annual issuance of its ether (USD-ETH) cryptocurrency to be slashed by up to 90%. That sets the stage for ethereum to become deflationary, meaning that a greater… Source link

Ethereum co-founder Vitalik Buterin discussed the upcoming ‘Merge’ in which Ethereum will make a full transition from proof-of-work to a low energy intensive proof-of-stake mechanism for validating on-chain transactions. Photo: Michael Ciaglo/Getty Ethereum will change its monetary policy in the long-awaited ‘Merge’ upgrade, with the annual issuance of its ether (USD-ETH) cryptocurrency to be slashed by up to 90%. That sets the stage for ethereum to become deflationary, meaning that a greater… Source link

Ethereum remained well bid above the $1,465 level against the US Dollar. ETH could start a fresh surge if there is a close above the $1,600 resistance. Ethereum corrected lower but the bulls were active near the $1,465 zone. The price is now trading above $1,500 and the 100 hourly simple moving average. There is a crucial bullish trend line forming with support near $1,520 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh surge if there is a clear move… Source link

Vitalik Buterin wants you to know that Ethereum is just 40% complete—and there’s plenty more coming after the “merge.”  At the Ethereum Community Conference in France Thursday, the Ethereum co-founder shared his vision for future developments well beyond the network’s move to proof of stake. In fact, the move—often referred to as “the merge,” because it will combine the Ethereum mainnet with the proof-of-stake beacon chain—is just the first in a series of planned… Source link

On Thursday, Vitalik Buterin, co-founder of Ethereum, shared his long-term vision for the namesake blockchain live at the annual Ethereum Community Conference, or EthCC, in Paris. As told by Buterin, Ethereum is currently at an inflection point, or period of rapid change, before the ecosystem’s capability will eventually settle down.  Currently, the foremost priority for Ethereum is building an easy-to-use light client for consensus layer, execution layer, and layer-two solutions by default…. Source link