Ethereum has been slowing down on its bullish momentum. The second cryptocurrency by market cap trades at $3,066 with a 4.2% loss in the daily chart. ETH moving sideways in the daily chart. Source: ETHUSD Tradingview After two weeks of profits and an incredible rally from the low at $2,000, mostly driven by the implementation…
Ethereum extended its decline below the $3,120 support against the US Dollar. ETH price even spiked below $3,000 and it remains at a risk of more downsides. Ethereum started a major decline below the $3,200 and $3,120 support levels. The price is now trading below $3,100 and the 100 hourly simple moving average. There was…
Presently, the staking contract of Eth2 has become the largest holder of Ethereum. Moreover, it is compliant with ERC-20 standards and leads the other projects using the same tokens. The blockchain analytics source Nansen carries that the staking contract of Eth2 has exceeded that of WETH (Wrapped Ethereum) and is now the largest single Eher…
Ethereum failed once again to clear the $3,330 resistance against the US Dollar. ETH price is now at a risk of more losses below the $3,120 support zone. Ethereum failed on two occasions to clear the $3,330 resistance zone. The price is now trading below $3,200 and the 100 hourly simple moving average. There was…
According to a report from Dallas News, this sibling duo has been bringing in thousands of dollars mining Ethereum. While most kids are playing with their computers, siblings Ishaan and Aanya Thakur are making money with theirs. The bother-sister duo currently makes $32,000 a month from their Ethereum mining operation which they started in their…
Ethereum is holding gains above the $3,100 support zone against the US Dollar. ETH price could accelerate further higher if it clears the $3,330 resistance zone. Ethereum started a fresh increase and it even spiked above the $3,300 level. The price is now trading above $3,200 and the 100 hourly simple moving average. There is…
Via their Twitter handle, protocol and cross-chain bridge Polygon announced a new area of interest, ZK-based scaling solutions. In order to contribute and improve this approach to aggregate transactions into a blockchain, the project also announced a merger with Hermez Network and a $1 billion investment. Based on zero-knowledge proof, the layer 2 scaling solution…
Ethereum is holding gains above the $3,000 support zone against the US Dollar. ETH price is now facing resistance near the $3,150 and $3,180 levels. Ethereum started a downside correction after it failed to stay above $3,200. The price is now recovering above $3,100 and the 100 hourly simple moving average. There is a major…
The Ethereum network has now continuously burned base fees for a week straight and in that time frame, the amount of ETH burned has hit $100 million. With over 32,000 ETH burned in the space of seven days. The fee burn rate fluctuates given the network traffic, but the burn continues regardless. Depending on network…
Ethereum is holding gains above the $3,200 resistance zone against the US Dollar. ETH price remains attractive and it might continue to rise towards the $3,350 resistance. Ethereum is trading nicely above the $3,100 and $3,150 support levels. The price is now trading above $3,200 and the 100 hourly simple moving average. There is a…