Category «Ethereum news»

3 key Ethereum derivatives metrics suggest $1,600 ETH support lacks strength

cointelegraph.com Ether (ETH) price is up 60% since May 3, outperforming leading cryptocurrency Bitcoin (BTC) by 32% over that span. However, evidence suggests the current $1,600 support lacks strength as network use and smart contract deposit metrics weakened. Moreover, ETH derivatives show increasing sell pressure from margin traders. The positive price move was primarily driven …

Ethereum Classic Is Not Ethereum so a Merge-Fueled Rally Won’t Last

www.coindesk.com Crypto miners have been showing increasing interest in Ethereum Classic because the Ethereum blockchain is in the process of moving from an energy-intensive proof-of-work system to proof-of-stake, which removes miner incentives. The process is known as the Merge. Ethereum Classic, whose token is ETC, is an offshoot, or fork, of Ethereum. Unlike Ethereum, however, …

Ethereum (ETH) TVL Spiked More Than $10 Billion in July 

beincrypto.com Ethereum total value locked (TVL) increased significantly in July due to a recovering market that saw investors pour more liquidity into decentralized finance (DeFi). Ethereum was one of the best-performing blockchain projects in the last month. According to Be[In]Crypto research, Ethereum gained 24% in total value locked in the seventh month of 2022.  On …

Who Will Mine Ethereum After It’s Gone?

www.coindesk.com Ethereum’s long-awaited transition from a proof-of-work to proof-of-stake-based consensus system is just over the horizon, and the anticipation has created a bullish narrative for the smart-contract platform. That’s bittersweet for one very significant group: After the merge, current Ethereum miners will be left with immense amounts of computer hardware that will be much, much …

Experts Forecast Entry Points In Ethereum Hedge Funds Retail And Institutions

www.newsbtc.com Amid the negative U.S. GDP record and high Fed rate, there seems to be a positive turning for some digital assets, especially Ethereum. For example, the global second largest cryptocurrency by market cap, Ethereum (ETH), is staging a solid bounce back. Over the past few days, Ether has progressively increased as it surges to …

Goerli Is Coming: Ethereum’s Last Rehearsal Before the Merge

www.coindesk.com As we are entering the final weeks leading up to the Merge, there are only a few more tests left to ensure that Ethereum’s proof-of-work (PoW) protocol transitions smoothly to its Beacon proof-of-stake (PoS) blockchain. The most anticipated event for Ethereum besides the Merge is happening next week; the merge of its third and …

Technical Analysis of ETH/USD for August 3, 2022

www.fxmag.com Relevance up to 08:00 2022-08-04 UTC+2 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade. Crypto Industry News: The performance of the digital asset market in the first half …