Tag: Ethereum

Ethereum Price Battles to Hold Strength: Will Bulls Prevail?

Este artículo también está disponible en español. Ethereum price is correcting gains below the $2,650 resistance. ETH is now trading near the $2,600 support and might face many hurdles. Ethereum started a downside correction below the $2,650 zone. The price is trading below $2,620 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,630 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,550 support to start a fresh increase in the near term. Ethereum…

EigenLayer Founder Reiterates Support For Ethereum, Why Is ETH Struggling?

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Este artículo también está disponible en español. Despite scalability and high gas fees facing Ethereum, the founder of EigenLayer, a liquidity restaking platform, insists the network is superior, especially against Solana. Solana is the third most valuable smart contracts platform, trailing Ethereum and the BNB Chain. Over the years since launching, it has been gulping up more market share from Ethereum, cementing its position. Is Ethereum Superior To Solana? While the prominence of Solana is evident, Sreeram Kannan, the founder of EigenLayer, argued in a post on X that Solana…

Ethereum Technical Analysis: ETH Price Consolidates Amid Market Uncertainty

On Sept. 30, 2024, ethereum’s price showed consolidation near $2,630 after testing key support and resistance levels. The market exhibits mixed momentum, as oscillators point to neutrality while moving averages provide conflicting signals. Traders are closely watching whether the second leading crypto asset will break through resistance or test lower support zones, given the current […] Source CryptoX Portal

Ethereum Price Trims Gains: Is the Rally Losing Steam?

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Ethereum price is correcting gains from the $2,720 resistance. ETH is now trading below $2,650 and might find bids near the $2,600 level. Ethereum started a downside correction from the $2,720 zone. The price is trading below $2,650 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,650 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,600 support to start a fresh increase in the near term. Ethereum Price Dips Again Ethereum price extended…

Ethereum Taker Buy/Sell Ratio Is Rising Again — What It Means For ETH Price

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Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…

Ethereum and Cybro poised for dominance

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A crypto expert predicts Bitcoin could drop to $40,000. Meanwhile, Ethereum and Cybro are set to challenge its dominance. A seasoned expert in cryptocurrency signals a potential drop for Bitcoin to $40,000. The focus shifts as Ethereum and a rising contender, Cybro, are poised to challenge Bitcoin’s supremacy. Discover which digital coins are gearing up for a surge and might redefine market leadership. CYBRO defies market headwinds, empowering DeFi…

Bitcoin ETFs Pull in Nearly Half a Billion as Ethereum ETFs Join the Party

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On Friday, U.S. spot bitcoin exchange-traded funds (ETFs) continued their upward momentum, raking in a sizable $494.27 million in inflows. Spot ethereum ETFs followed suit, adding $58.65 million to their tally. Bitcoin ETFs Lead the Charge with $494M Inflows; Ethereum ETFs See Strong Growth Data from sosovalue.xyz shows that 12 U.S. spot bitcoin ETFs collectively […] Original

Ethereum Sees 43% Crash In Active Addresses, What’s Going On?

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Este artículo también está disponible en español. The market sentiment towards Ethereum (ETH) has turned relatively bearish, largely due to the cryptocurrency’s recent price volatility. This negative sentiment is evident in Ethereum’s new active addresses, having crashed by a whopping 43%, underscoring reduced network activity and investor confidence.  New Active Addresses On Ethereum Decline Data from The Block is showing notable fluctuations in Ethereum’s network activity, as the number of new active addresses has seen a sharp unexpected decline over the past three months.  On June 27, new active addresses…

Crypto Hack Losses Down In Q3 2024, Ethereum Still Most Targeted Blockchain: Report

Crypto hack and fraud-related losses decreased in Q3 2024, though Ethereum (ETH) remained the most targeted smart contract platform, according to a report by Immunefi. Losses Primarily Due To Centralized Exchange Hacks Immunefi has released its 2024 Q3 report, detailing the specifics of cryptocurrency-related hacks and losses during the quarter. The report notes two major exchange hacks, WazirX in July 2024, and BingX in September 2024, which collectively accounted for 69.5% of all funds lost in Q3 2024, totalling $287 million. Notably, both WazirX and BingX are centralized exchanges, and…