Ethereum

The cryptocurrency market registered a much-needed surge recently, with the market cap up to almost $1 trillion. Ethereum, the world’s largest altcoin, led the charge with a 14% hike following recent developments around the Merge. Joining the millionaire alley ETH, at the time of writing, was trading around the $1.35k-mark thanks to renewed interest from enthusiasts. Whale activities just aided this cause, as highlighted by the analytical firm – Santiment. Following this… Source link

Alex Dovbnya This veteran trader is not impressed by Ethereum’s most recent rally In a recent Twitter thread, Peter Brandt threw cold water on Ethereum’s most recent rally, claiming that it is “questionable.” The veteran trader noted that the most recent upturn came on “extremely light volume.” This suggests that the Saturday rally was likely a flash in the pan. Otherwise, the uptick would have been based on aggressive buying from strong hands, according to Brandt. As… Source link

Arman Shirinyan “Classic” version of Ethereum gaining momentum as miners expect massive migration after PoW shutdown Ethereum’s hard fork Ethereum Classic, launched back in July 2016, gains an insane momentum on the cryptocurrency market ahead of one of the biggest updates in the history of the “main” Ethereum network. Since its launch, Ethereum Classic has been presenting itself as a “true” version of the Ethereum network and has preserved the integrity of the existing Ethereum… Source link

Ethereum’s native token Ether (ETH) saw a modest pullback on July 17 after ramming into a critical technical resistance confluence. Merge-led Ethereum price breakout ETH’s price dropped by 1.8% to $1,328 after struggling to move above two strong resistance levels: the 50-day exponential moving average (5-day EMA; the red wave) and a descending trendline (black) serving as a price ceiling since May. ETH/USD daily price chart. Source: TradingView Previously, Ether rallied by over 40% from $1,000 on… Source link

Key Takeaways ETH is outperforming in the market. It touched $1,363 today following a 12% surge. The latest rally comes days after the Ethereum Foundation set a tentative September 19 launch date for “the Merge.” Ethereum’s Merge to Proof-of-Stake is the network’s most anticipated update in history. Share this article The latest rally comes two days after Tim Beiko gave a tentative September 19 date for Ethereum’s long-awaited Merge to Proof-of-Stake to go live. Ethereum Rallies… Source link

In roughly 65 days, there’s a chance Ethereum’s highly anticipated transition from proof-of-work (PoW) to proof-of-stake (PoS), otherwise known as The Merge, could be implemented. The information was shared via “a planning timeline” on Twitter, which noted the shift from PoW to PoS could happen on September 19. The source stemmed from Ethereum Beacon chain community director, Superphiz, who further stressed that The Merge “timeline isn’t final,” and that people should… Source link

Decrypting DeFi is Decrypt’s DeFi email newsletter. Art: Grant Kempster Some of the largest fortunes in crypto have been made through arbitrage plays. Some of them were lying in plain sight but too difficult to execute; others were hidden. Think of Arthur Hayes or Sam Bankman-Fried. Arbitrage was exactly how they were able to bankroll the launch of their respective exchanges. After that, though, the two founders’ trajectories have taken pretty different turns. The former pleaded… Source link

A popular analyst is digging into the charts to set price targets for six crypto assets as the markets try to end the week on a bright note. Pseudonymous crypto trader Altcoin Sherpa tells his 180,100 Twitter followers he’s looking at the 200-day exponential moving average (EMA) for Bitcoin (BTC) on four-hour candles to plot out both short-term highs and lows. The crypto strategist also says that while Bitcoin has managed to establish a near-term range, he does not believe… Source link

There’s no rest for the weary during a bear market, and the Crypto Fear and Greed index shows that investor sentiment has been stuck in a state of “extreme fear” for a record 70 consecutive days. As the market looks for a catalyst to reverse the trend, there is little on the horizon besides the Ethereum (ETH) Merge that seems capable of sparking a rally. If that is indeed the case, the market could continue to trend down or sideways until the tentative Merge date of September 19. Data from

Members of the Ethereum community have set their sights on a new date for the blockchain’s long-awaited Merge. Come September 19, the network is expected to merge from its current state as a proof-of-work (PoW) blockchain to an energy-efficient proof-of-stake (PoS) network. “This merge timeline isn’t final, but it’s extremely exciting to see it coming together,” tweeted Beacon Chain community manager superphiz.eth. “Please regard this as a planning timeline and look out for official… Source link