Ethereum

Ethereum network is nearing the merger phase of its crucial transition from proof-of-work (PoW) mining consensus to proof-of-stake (PoS). Ethereum (ETH) devs offered a perpetual merger date during a conference call on Thursday. The conference call saw core Ethereum developer Tim Beiko, who runs core protocol meetings, propose September 19 as the tentative target date for the merger. The proposed target date didn’t face any objection from the core… Source link

Ethereum (ETH) gained 12.76% over the past 24 hours, soaring past $1,200.  Ethereum’s bullish price movement can most likely be attributed to the successful testing of one of the last tests before the Merge by Ethereum core developers yesterday. The event itself is expected to happen in September. The highly anticipated upgrade will transition Ethereum from a proof-of-work (PoW) blockchain network to a proof-of-stake (PoS) network. The upgrade is expected to improve the network’s… Source link

Ethereum successfully completed one of the last tests required prior to the Merge—the blockchain’s much-anticipated and oft-delayed transition to proof of stake.  The blockchain’s ninth shadow fork went live 15 hours ahead of schedule this morning. Shadow forks, like today’s, practice making one or two particular changes that will take place during the Merge. Shadow forks are different from full testnet hard forks, like last week’s Sepolia testnet, which move the entire Ethereum

Ethereum [ETH] insisted on its sideways momentum while its market consolidated over the last month. Post the bearish flag breakdown, buyers have not been able to break the bonds of the daily 20 EMA (red) resistance. Further, the trendline resistance (white, dashed) has kept the alt’s peaks under bearish control for over three months. Should the current candlestick see a robust close below the $1,045 support, ETH could eye an extended downside in the coming sessions. Any… Source link

Parithosh, DevOps engineer at the Ethereum Foundation, told CoinDesk, “There seems to have been a minor spike in hashrate that sped up things a bit. The TTD estimation tool I use is also a local tool, it caches a lot of blocks and tries to average things out, it seems to have a lot of stale state since I haven’t cleared the old state.” Source link

Yesterday, with the announcement of the inflation rate in the United States, the market experienced a sharp decline. Ethereum briefly dropped by $103, but the bulls held the price above $1,000. Technical Analysis By Grizzly The Daily Chart ETH trades above the descending line (in yellow) on the daily timeframe. The RSI 14D index has not been able to break above the dynamic resistance (in blue), which was rejected by the baseline showing the weakness of bulls in the market…. Source link

Bitcoin briefly broke back into the $20,000 region on Thursday, following a volatile day of trading. Volatility in crypto markets came as data released showed that inflation in the United States had risen to its highest level in over four decades. ETH also briefly rose above $1,100. Bitcoin BTC was marginally higher on Thursday, as prices rallied following a turbulent 24 hours of trading, which saw prices fall below $19,000. Following this drop, the world’s largest crypto token… Source link

When Bitcoin first launched in January 2009, it was effectively valueless.  In fact, it took two years for Bitcoin to reach $1. It took many subsequent years for the cryptocurrency to popularize the concept of blockchain assets, paving the way for other types of blockchain networks. The most important alternative to Bitcoin is Ethereum. Only, it’s not really an alternative but an entirely different proposition. Unlike Bitcoin, which is designed to be a form digital money,… Source link

A specific deadline for the transition to proof-of-stake has been been offered by Ethereum developers who are working on implementing the merging. Ethereum Merge Now Has A Date The Ethereum mainnet is now scheduled to launch the merging during the week of September 19, according to a recent developer teleconference. This will happen after switching the final testnet before the merge to PoS. The adoption of the transition has been delayed on a number of occasions. The crucial transition of… Source link

Ethereum’s price faces three hurdles on its path to recovering from the recent slump. Amid the increase in institutional inflow to Ethereum funds, experts believe the Merge is the key to improved sentiment. The next major support for Ethereum is near the $1,000 level; dropping below this could bring $965 into play. Ethereum (ETH) price wiped out its gains after news of the US CPI increase. The Federal Reserve released US inflation data and Ethereum price tumbled in response…. Source link