Ethereum extended its decline below the $2,200 support zone against the US Dollar. ETH price is showing bearish signs and it might dive further towards $2,000. Ethereum is down over 10% and it even spiked below the $2,100 support zone. The price is now trading below the $2,200 support and the 100 hourly simple moving…
Ethereum continues on a path of more adoption as the asset has seen the addition of over 5 million new and unique addresses added over the past 30 days. This comes as bitcoin continues to record declines in the number of active addresses in the network. Ethereum remains the largest smart contracts network and the…
Ethereum started a fresh decline after it failed to surpass $2,400 against the US Dollar. ETH price could decline further if it fails to stay above the $2,250 support. Ethereum is slowly moving lower below the $2,300 support zone. The price is now trading below the $2,280 support and the 100 hourly simple moving average.…
Sygnum, a Swiss-based bank, has recently revealed that it will begin offering customers access to Ethereum 2.0 staking through its banking platform. This would make the bank the first bank to offer ETH 2.0 staking to its clients. Sygnum Bank has said that its clients would be able to conveniently and security stake Ethereum through…
Ethereum started a fresh increase above the $2,300 resistance against the US Dollar. ETH price is likely to accelerate higher above the $2,400 and $2,500 resistance levels. Ethereum is showing a lot of positive signs above the $2,250 pivot zone. The price is now trading above $2,300 and the 100 hourly simple moving average. There…
Ethereum has been testing the $2,300 price resistance range during the recent market recovery posed by the market. Total crypto market capitalization has seen gains of 2% over the past 24 hours. This translates to about $70 billion in market cap gains over the last day. This new recovery comes in light of the news…
Aave declared a kick-off of its new project this month to meet the abruptly growing demand from different institutions. According to their announcement, Aave, one of the leading DeFi money markets, will launch a permission payment platform for investors. The DeFi protocol is partnering with Fireblocks, a crypto service provider and custodian, to launch the…
Ethereum has been experiencing high volatility in the daily chart. At the time of writing, ETH trades at $2,240 with losses in lower timeframes. ETH moving sideways in the daily chart. Source: ETHUSD Tradingview In the 7-day chart, Ethereum shows some profits. The second cryptocurrency by market cap has been leading the charts with a…
Polygon has announced the integration of yield optimization vaults on the Maker Network. The blockchain-enabled protocol, formerly referred to as the Matic Chain, tweeted on Wednesday that it “will be opening a vault on Maker” and investing $50M of MATIC tokens as agreed liquidity from the treasury. With the recent integration, it means the protocol…
Ethereum upgrades could jumpstart a $40 billion staking industry, according to a JP Morgan report. JP Morgan estimates that the staking industry is currently worth $9 billion and that this number could balloon to $40 billion by 2025. The report speculates that the launch of ETH 2.0 would lead to more adoption of the coin…