At the time of writing, ETH was priced at $1,870. The daily chart indicated a potential breakout as the price approached the upper boundary of a rectangle pattern. The crucial overhead resistance for Ethereum was identified at $1,880. If the price managed to surpass this level, it could potentially exceed $1,900 and ultimately reach the…
MetaMask developer ConsenSys plans to deploy its layer-2 network, Linea, on the main Ethereum network this week. Linea incorporates the use of zero-knowledge (ZK) cryptography, which is regarded as one of the most significant blockchain trends of the year. Zero-knowledge (ZK) cryptography, provides more cost-effective and expedited blockchain transactions. This layer-2 network aims to improve…
Ethereum price is attempting a fresh increase from $1,825 against the US Dollar. ETH could rally if there is a clear move above the $1,900 resistance. Ethereum is currently attempting a recovery wave above the $1,855 zone. The price is trading above $1,865 and the 100-hourly Simple Moving Average. There is a major bearish trend…
Ethereum price extended its decline below $1,880 against the US Dollar. ETH is showing bearish signs and might decline further toward $1,800. Ethereum is currently attempting a recovery wave from the $1,825 zone. The price is trading below $1,880 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance…
On-chain data shows that the Ethereum network has been observing high address creation recently, a sign that adoption could be going up. Ethereum Network Growth Has Registered High Values Recently According to data from the on-chain analytics firm Santiment, ETH’s network growth has now hit its highest level in around four months. The “network growth”…
Market research firm Kaiko has published a study on the flagship protocol of Ethereum, Lido Finance (LDO). The study is a must-read for every ETH and LDO investor! Cautionary tales serve as a valuable reminder of the risks and pitfalls that can await even the most promising projects. Remarkably, Lido Finance has embarked on a…
Ethereum price extended its decline below $1,900 against the US Dollar. ETH is testing the $1,825 support and is currently attempting a fresh increase. Ethereum is down over 2% and there was a move below $1,900. The price is trading below $1,890 and the 100-hourly Simple Moving Average. There was a break below a connecting…
On Wednesday, an interview with BlackRock CEO Larry Fink went viral in which the CEO called Bitcoin an international asset. Not only that, Fink also pointed toward digital assets such as Bitcoin as being a way to digitize gold on the blockchain. This statement from the CEO has since been interpreted in various ways to…
Ethereum’s price seems to have been following Bitcoin’s, but recent large transactions suggest it may soon move independently. Whale Alert reported a sum of 25,264 ETH, roughly valued at around $48 million, was moved from an unidentified wallet to the leading cryptocurrency exchange, Coinbase. 🚨 🚨 25,264 #ETH (48,302,924 USD) transferred from unknown wallet to…
Bankrupt crypto lender Celsius Network has begun the process of swapping altcoins for Bitcoin (BTC) and Ethereum (ETH). The recent court approval (June 30) granted the company permission to convert its altcoin holdings into the two leading digital assets, raising concerns about a potential sell-off of popular altcoins. Celsius Network, known for its altcoin lending…