Tag: Ethereum

Ethereum Layer-2 Teams Welcome Proposal to Overhaul Blockchain

“A big problem with Ethereum right now is that for a block to be considered finalized, it generally takes 12 to 19 minutes,” Farmer said. “If you’re moving funds between like Arbitrum and Polygon: until that transaction has been withdrawn from Arbitrum and deposited to Polygon, Polygon can’t safely credit those funds to a user until that transaction has been finalized on the L1. So that just leads to a bad user-experience, whereas if you have 12-second finality, that becomes a better user experience.” Source

Analyst Reveals When The Ethereum Price Will Reach A New ATH, It’s Closer Than You Think

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Este artículo también está disponible en español. The Ethereum price has been consolidating for about a week since it hit a four-month high at $3,420. As the second largest cryptocurrency, Ethereum has the biggest price correlation with Bitcoin. However, you could argue the Ethereum price has been largely left behind in terms of performance throughout the ongoing bull cycle. Interestingly, a crypto analyst, Ben Lilly, has shared a bold prediction about the trajectory of the Ethereum price.  Taking to a post on the social media platform X, Ben Lilly forecasted…

Ethereum Consolidation Continues – Charts Signal Potential Breakout

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Este artículo también está disponible en español. Ethereum (ETH) has consolidated since November 12, when it hit a local high of $4,446. Despite Bitcoin’s impressive rally capturing market attention, Ethereum has struggled to maintain upward momentum and reclaim its yearly highs. The price action reflects a period of indecision, as ETH faces challenges in breaking through significant resistance levels that could reignite bullish sentiment. Related Reading While Ethereum lags behind Bitcoin in performance, analysts remain optimistic about its potential for a breakout. Notably, Carl Runefelt, a prominent crypto analyst, recently…

Memecoin Launchpad GraFun to Expand to Ethereum

“In just 1.5 months since the platform debuted, it saw already 13.6K plus memecoins launch with an overall volume of $430 million,” GraFun told CoinDesk in a Telegram message. “Even when only operating on one chain, it became the top-performing memecoin launchpad on any EVM-compatible chain.” Source

Is Ethereum Undervalued? Investors Hold Firm While Price Targets Rise

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Ethereum has experienced a noticeable surge in its price recently, trading above the psychological $3,000 price mark, which has reignited interest in the crypto market. According to on-chain analysis, retail investors appear to be adopting a “hold” strategy, resisting the urge to sell despite the increase in ETH’s value. Market analysts view This holding behavior as significant, especially considering the broader market sentiment influenced by the so-called “Trump Trade,” which has contributed to easing risks and enhancing market conditions. Limited Ethereum Deposits To Exchanges According to the onatt, the CryptoQuant…

Grayscale’s Bitcoin and Ethereum Mini ETFs See Share Prices Multiply

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Grayscale Investments has finalized reverse share splits for its Bitcoin Mini Trust ETF (BTC) and Ethereum Mini Trust ETF (ETH), effective Nov. 19, 2024. These splits adjust share prices relative to their net asset values, with BTC shares increasing fivefold and ETH shares rising tenfold, while reducing the number of outstanding shares proportionally. Fractional shares […] Original

Ethereum Price Faces Challenges: Will It Find Traction Soon?

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Ethereum price struggled to extend gains above the $3,220 resistance zone. ETH is slowly moving lower and approaching the $3,060 support. Ethereum is consolidating and facing hurdles near $3,200. The price is trading below $3,120 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $3,120 resistance zone. Ethereum Price Dips Again Ethereum price attempted an upside break above the $3,220…

Ethereum ETFs Falter With $39M Losses as Bitcoin ETFs Steal the Show

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On Monday., Nov. 18, spot bitcoin exchange-traded funds (ETFs) had an impressive showing, attracting $254.82 million in positive inflows. Meanwhile, the nine spot ether ETFs faced a tough day, recording losses during trading. Crypto Clash: Bitcoin ETFs Surge With $254M Inflows as Ethereum Stumbles With $39M Outflows Spot bitcoin ETFs clearly stole the spotlight. Leading […] Original