Despite changes in the asset’s price, Ethereum is steadily adding to the ETH 2.0 staking contract. According to the development team, this occurs about a month before the Merge is scheduled to occur. Ethereum Staked Token Hit New ATH According to Dune Analytics data, more over 13.2 million ETH have been deposited to the staking…
CoinShares, a leading crypto asset investment firm, reported a substantial $2.2 billion inflows into digital asset investment products in 2023. This figure represents a notable 2.7-fold increase from the inflows seen in 2022, marking it as the third-largest year for such investments since 2017. According to James Butterfill, Head of Research at CoinShares, this increase…
Following FTX’s demise, Ethereum and the whole cryptocurrency industry in general experienced one of its most challenging periods. Because of this, the value of ETH, a significant alternative currency, has plummeted by over 36% in the last week. Bearish emotion may be pervading over the cryptocurrency market, but the second most popular cryptocurrency is now trading…
After facing a significant amount of selling pressure over the past several days, Ethereum (ETH) has been able to post a decent bounce from its recent lows and appears to have established a notable support level around the $160 region. Despite being able to climb from its recent lows, it is important to note that…
Renowned crypto expert and Forbes’ Director of Digital Asset Research, Steven Ehrlich, has provided insights on five prominent cryptocurrencies in the current market landscape. Solana Shakes Off Setbacks, Positioned As Top Crypto To Buy Bitcoin BTC), the most prominent cryptocurrency, has experienced a remarkable 120% surge in 2023. After a long wait for Securities and…
Ethereum saw a massive breakout rally today that came about alongside Bitcoin BTC’s surge from $32,000 to highs of $38,500 came about as the result of Elon Musk changing his Twitter bio to “#Bitcoin” and calling the change “inevitable” in hindsight This dragged all the major altcoins higher, but the focus remains on Bitcoin for…
Ethereum price is attempting a recovery wave from the $1,835 zone against the US Dollar. ETH could start a steady increase if it clears the $1,860 resistance. Ethereum is trading in a range below the $1,860 and $1,880 resistance levels. The price is trading below $1,850 and the 100-hourly Simple Moving Average. There was a…
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Ethereum price is gaining bearish momentum below $2,950. ETH might continue to move down toward the $2,550 support in the near term. Ethereum struggled to clear the $2,950 resistance and started a fresh decline. The price is trading below $2,920 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with…
Ethereum (ETH) is up more than 8% over the past 48 hours, climbing from around $2,400 on July 1 to nearly $2,600 at the time of writing. The latest on-chain analysis reveals that both accumulation addresses and liquid staking volume are approaching all-time highs (ATH), fueling optimism that ETH’s price may soon follow. Ethereum Liquid…