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Ethereum price corrects technically after the rise
17.5.2024
Ethereum is currently testing its $2,925 support, and it anticipates a massive price hike in the coming days. After the bears defended $3,040, ETH entered a downside correction stage. According to recent market reports, the Ethereum price trades below $2,960, as does the 100-hourly Simple Moving...
Ethereum eyes recovery, trails surge in Bitcoin
16.5.2024
Ethereum has breached the milestone of $3,000 and is now looking to test the next-best resistance of $3,050. However, an actual recovery depends on how Bitcoin makes a move on the price chart. ETH is essentially trailing BTC, with Bitcoin moving above $65,000 at the time of writing this article....
Vitalik Buterin proposes an Ethereum upgrade protocol with a new gas model
15.5.2024
Vitalik Buterin, one of the inventors of Ethereum, has envisioned reshaping the gas fee structure on the blockchain through a proposal called EIP-7706. Creating a new category for call data is the main objective of this agreement, which aims to reinvent the way transaction fees are computed...
Ethereum trades sideways as institutional whales pile into Coinbase
14.5.2024
On Monday, Ethereum (ETH) continued to trade within a narrow range while the market was still calm. However, institutional investors also referred to as “whales,” continued to exhibit significant volume activity by purchasing large amounts of Ethereum for Coinbase. After a week,...
Stolen Poloniex Ether worth $53M never made it back to the exchange
14.5.2024
The Poloniex hacker moved over 17,800 Ether (ETH) from six different wallets into a single Tornado Cash address
Ethereum ETF applications seeking regulatory approval
13.5.2024
Industry experts constantly ask when the American supreme financial authority, the US SEC, will approve Ethereum ETFs following January’s historic approval of eleven spot Bitcoin ETFs. In order for the Ethereum ETF to be approved, a fund management professional must purchase digital assets...
Ethereum Technical Analysis: ETH Bulls Press Forward Hinting at Possible Reversal
13.5.2024
As of May 13, 2024, ethereum presents a complex landscape for traders, characterized by fluctuating prices and diverse market signals. Despite a slight 1% uptick over the past day, the broader perspective shows a week marked by a 6.1% decline, setting a cautious tone for ether traders. Ethereum...
Michaël van de Poppe anticipates a major change in Ethereum (ETH)
13.5.2024
Michaël van de Poppe, a crypto analyst, predicts a major transformation in Ethereum (ETH) that will prevent the SEC from granting consent regarding applications for spot Ethereum Exchange Traded Funds (ETFs). He duly informs his 717,600 followers that, in his opinion, this will not happen soon. ...
Ethereum dips: Analyst eyes $2,500 target as support breaks
10.5.2024
The scenario for ETH is bearish, and it could drag lower in the next couple of days. Ethereum had previously tested its resistance at $3,100. Analysts had predicted that a fall below that mark would trigger an unprecedented downfall for the 2nd-ranked cryptocurrency in terms of market cap. With...
Vitalik looks for backing of short term wallets on Ethereum
9.5.2024
The Co-Founder of Ethereum, Vitalik Buterin, came out with a fresh Ethereum improvement proposal (EIP) that intends to adjust with the builder’s contrasting methods of account takeaway in forthcoming hard forks. EIP-7702 comes after EIP-3074, which was appropriate for acceptable...
Ethereum seeks direction: Can ETH bulls reclaim $3,000?
9.5.2024
The price of Ethereum remained extremely disturbing, with further losses going under the $3,050 mark, much like Bitcoin ETH going under $3,000. The drop occurred when it was at $2,936 and is currently only traveling south. The Ethereum trade price has sunk to $3,050, along with the 100-day simple...
Proposal for Ethereum Grayscale Ethereum ETF is No More
8.5.2024
Application for Grayscale Ethereum Futures Trust FTF was withdrawn on 3rd May 2024. The Securities and Exchange Commission had delayed decisions on spot Ethereum Exchange Traded Funds over the past months. A document filed recently indicates that a proposal for listing and trading shares...
Ethereum price lags due to ‘weaker capital rotation,’ but crypto macro uptrend remains
7.5.2024
ETH price has underperformed Bitcoin, but Glassnode analysts say data suggests the crypto market remains in the “early stages of a macro uptrend.”
Big-time players in Ethereum increase trade volumes
7.5.2024
The big-time players in Ethereum are increasing their volume of trading exponentially, seemingly putting in a quandary the balance of Ethereum’s pricing. Other factors include the impact on the mood of investors and the crypto space. Due to this, analysts and market observers have adopted...
Ethereum developers launch ‘EIP-3074’ to improve Crypto Wallet UX
7.5.2024
In a bid to streamline and enhance the user experience of cryptocurrency wallets on the Ethereum network, developers have proposed Ethereum Improvement Proposal 3074 (EIP-3074). This latest initiative aims to address common pain points faced by users when interacting with Ethereum wallets, offering...
Ethereum Technical Analysis: ETH Bulls Maintain Drive Amid Fluctuations and Uncertainty
6.5.2024
As ethereum trades at $3,135, technical indicators present a nuanced picture for traders. Oscillators largely suggest neutrality with a mix of bullish signals, while moving averages indicate a balance of both positive and negative signals across different time frames. Ethereum Ethereum’s...
DAI drives Ethereum stablecoin volume to record highs in April
6.5.2024
In the last few months, there has been a noticeable boost in the number of stablecoin transactions on the Ethereum blockchain compared to other months. This surge was most noticeable in April when it broke its all-time activity record. Flash loans, typically excluded from financial data...
Ripple CEO Backs Ethereum and admits ETH or XRP are not securities
6.5.2024
In a significant development within the cryptocurrency sphere, Brad Garlinghouse, the CEO of Ripple, has openly expressed his support for Ethereum while vehemently denying assertions that both Ethereum (ETH) and Ripple’s XRP token qualify as securities. Garlinghouse’s remarks come at...
Saylor labels Ethereum a security, opposes Spot ETF
3.5.2024
At the MicroStrategy World 2024 conference, executive chairman Michael Saylor boldly declared a possible game-changer for the cryptocurrency world. He audaciously stated that Ethereum (ETH) would fall under the security category instead of the commodity classification, which may confuse the whole...
Bitcoin post-halving price consolidation could last 2 months, says Bitfinex
2.5.2024
The Bitcoin halving is widely expected to have a positive impact on the price of the preeminent cryptocurrency, but analysts expect volatile price consolidation in the short term