Tag: Ethereum

Ethereum Whale Offload Holdings Amidst Market Downturn

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Ethereum (ETH) tumbled 6.45% in the past week, marking a rough stretch for the world’s second-largest cryptocurrency. Generally, Ether has left investors much to desire in recent times with a price decline of 16.57% over the last few months. Amidst this bearish market, a crypto whale has sold off all his Ethereum tokens drawing much attention from traders and market experts alike.  ETH Whale Liquidates Holdings, Incurs Substantial Loss In an X post on May 11, blockchain tracking platform Lookonchain reported that a crypto whale offloaded all its 6,714 ETH…

Crypto Expert Forecasts The ‘Age of Ethereum’: What This Means

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Ethereum has received a lot of criticism recently, and accordingly the ETH price has underperformed other altcoins. However, Ryan Berckmans, a prominent contributor of the Ethereum community and investor, boldly claims we are entering the “Age of Ethereum,” a period that could redefine the hierarchy of blockchain technologies. Berckmans shared his insights via X, sparking a mixture of enthusiasm and skepticism among the crypto community. Berckmans argues that Ethereum’s underlying fundamentals remain exceptionally strong despite facing several perceived challenges. He tackles common investor concerns directly, providing counterpoints to each that…

Ethereum Foundation Moves 1,000 ETH

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The Ethereum Foundation, a non-profit organization that supports the Ethereum ecosystem, recently transferred a significant amount of ETH. Given what this transaction could imply, it has drawn the crypto community’s attention, which is already speculating about whether the market top might be in.  Ethereum Foundation Moves 1,000 ETH On-chain analytics platform SpotOnChain revealed in an X (formerly Twitter) post that the Ethereum Foundation transferred 1,000 ETH ($3 million) to a middle multi-signature wallet (0xbc9) on May 8. This development is more concerning as SpotOnChain revealed that the Foundation has made…

Ethereum Layer 2 Blockchain Eclipse Founder Temporarily Reduces Public Role Amid Sexual Misconduct Allegations

In light of recent claims of sexual misconduct, Neel Somani, the founder and CEO of Eclipse, an Ethereum scaling startup, has made the announcement that he would be resigning from his position as a “public face” for the company [1]. It is Somani’s intention to defend himself and vindicate his reputation, and he has said that he does not believe the charges. This page will offer an outline of the incident as well as the actions that Eclipse has taken in response to the claims.…

Ethereum Price Signals Fresh Increase Unless Fails To Surpass $3,080

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Ethereum price started a recovery wave from the $2,940 support. ETH could gain bullish momentum if it clears the $3,055 and $3,080 resistance levels. Ethereum found support near $2,940 and started a steady increase. The price is trading near $3,030 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance at $2,990 on the hourly chart of ETH/USD (data feed via Kraken). The pair must surpass the $3,080 resistance to continue higher in the near term. Ethereum Price Holds Support Ethereum price…

How to Create an Ethereum Wallet: A Step-by-Step Guide

Discover how to create an Ethereum wallet for safe storage of Ether (ETH) and ERC-20 tokens. Learn to send and receive crypto, and connect with dapps hassle-free. In crypto, Ethereum has become a prominent hub for decentralized applications (dapps) and smart contracts. The latest figures from DappRadar indicate that there are more than 4,500 dapps built on Ethereum and over 176,000 smart contracts deployed on the network.  ETH is the second largest cryptocurrency by market cap and is consistently among the top five most traded tokens every day. As such,…

Crypto Analyst Says Ethereum Price Will Drop To $2,500, Here’s Why

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The Ethereum price has been closing mirroring the performance of Bitcoin recently and since the Bitcoin price has been on a downtrend, the ETH price has followed. However, Ethereum on its own seems to possess more bearish fundamentals compared to Bitcoin, leading crypto analysts to believe that the second-largest cryptocurrency by market cap will fall further from here. Ethereum Poised To Crash Further A crypto analyst known as Shin Forex took to the TradingView website to share an interesting analysis of the Ethereum price. The analysis, which focused on the…

$2.4B In Bitcoin and Ethereum Options Set To Expire, Market Volatility Ahead?

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As the clock ticks closer to the end of today, May 3, the cryptocurrency market braces itself for potential upheavals, with roughly $2.4 billion worth of Bitcoin and Ethereum options set to expire. This significant event could catalyze notable shifts in market dynamics, steering the trajectory of Bitcoin and Ethereum prices in the near term. Notably, Options contracts in the crypto sphere allow traders to hedge against price volatility or speculate on future price movements without directly holding the assets. Typically structured as either calls or puts, these contracts enable…

MicroStrategy’s Saylor Bashes Ethereum (ETH), Cardano (ADA) and Ripple (XRP); Traders See Rollblock (RBLK) as a Safe Bet

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The CEO of MicroStrategy, Michael Saylor, recently critiqued Ethereum (ETH), Cardano (ADA) and Ripple (XRP) as he labeled them securities. This brought about a lot of talk among traders as they now look at safer options like Rollblock (RBLK). Analysts hint that this Stage 1 presale star could be the next $0.5 token in 2024 and one of the best cryptos to buy. Michael Saylor: Ethereum ETF Will Never Come One of the top crypto coins, Ethereum (ETH), has been in the headlines recently. MicroStrategy’s CEO, Michael Saylor, predicted that…