Tag: Ethereum

Ethereum Price Dips Again: Is This a Buying Opportunity?

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Ethereum price extended its increase above the $2,500 zone. ETH is now correcting gains and might find support near the $2,400 zone. Ethereum started a downside correction from the $2,520 zone. The price is trading below $2,450 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,400 support level to start another increase in the near term. Ethereum Price Corrects Gains Ethereum price…

Ethereum Could Reclaim $2,700 As Key Data Signals Reduced Selling Pressure

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Este artículo también está disponible en español. Ethereum (ETH) currently trades approximately 11% below its local highs of around $2,730. Investors are optimistic about a potential price surge in the coming days, driven by encouraging on-chain data. Key metrics from Glassnode indicate a decline in ETH inflows into exchanges, suggesting that investors are holding onto their assets rather than selling. This trend typically points to increased accumulation and could foreshadow a bullish breakout. Related Reading As the broader crypto market evolves, Ethereum investors remain vigilant, anticipating a bullish reclaim that…

Ethereum Proposal Could Increase Throughput by 50%

The upgrade, officially designated EIP-7781, would also ramp up the blockchain’s capacity to handle blobs, which are dedicated data-storage chambers used by affiliated layer-2 networks to stash transaction records. The change would effectively increase the number of blobs per block to nine from six, providing more space for layer-2 chains like Arbitrum and Optimism to post data to Ethereum. Source

L2 Scaling Challenges May Undermine Ethereum and Bitcoin’s Long-Term Security

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Ethereum and Bitcoin, two of the world’s largest blockchains, are facing significant challenges in scaling their networks. As more users and transactions move to layer two (L2) solutions, these systems could undermine the security and sustainability of the base layer (L1), with fees and rewards for miners and validators dwindling. Growing L2 Adoption Raises Concerns […] Original

Weekly NFT sales rise to $85.9m, Ethereum network leads the pack

The non-fungible token market has undergone a 10.10% surge in sales volume in the last seven days. The present data acquired from Cryptoslam shows that NFT sales volume surged in the last seven days and stands at $85.97 million. The numbers are higher in comparison to the weekly NFT sales in the last two weeks of September. In addition to the rise in NFT sales volume, there has been a 21.73% surge in NFT buyers. As per the latest data, NFT buyers rose to 794,763, and the NFT sellers came down to…

Ethereum ICO Participant Offloads 6,000 ETH As Bearish Sentiment Intensifies

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According to data from CoinMarketCap, the price of Ethereum slipped by 10.23% over the last seven days in line with the general market negative movement. This crypto market downturn has been attributed to multiple factors including heightened geopolitical tensions in the Middle East and rising liquidations of long positions.  While Ethereum has experienced some rebound in the last day gaining by 3.21%, investors remain uncertain of a full price recovery with bearish sentiments raving through the market. Notably, an Ethereum ICO participant has now sold off a substantial amount of…

Ethereum Inflation Surge Casts Doubt On “Ultrasound Money” Claim: Report

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Este artículo también está disponible en español. According to the latest Binance Research report, the Ethereum (ETH) issuance rate continued to rise in September 2024, raising concerns about the digital asset’s “ultrasound money” claim. Ethereum Issuance Rate Continues To Surge In its October 2024 Monthly Market Insights report, Binance Research highlighted that the ETH issuance rate continued its ascent in September, moving away from its previously deflationary status. Related Reading The second largest digital asset by reported market cap had a 30-day annualized inflation rate of approximately 0.74%, a level…

Ethereum Solo Staking Made Easier? Vitalik Buterin Supports Lower Entry Requirements

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Este artículo también está disponible en español. Ethereum (ETH) co-founder Vitalik Buterin advocates reducing the ETH solo staking requirement to lower the entry barrier and promote greater network decentralization. Buterin Sees 32 ETH Requirement As A Barrier Responding to Ethereum educator Anthony Sassano on X regarding solo staking, Buterin expressed concern that the current 32 ETH requirement presents a bigger obstacle than bandwidth limitations. Related Reading For those unfamiliar, solo staking on Ethereum requires an individual validator to stake at least 32 ETH – approximately $75,200 at the current market…