March Sees Nearly $1 Billion In Ethereum Netflow To Centralized Exchanges
[ad_1] The price of Ethereum has not exactly lived up to its promise as the month has gone on, despite a stellar start to the month. While this bearish pressure has been widespread in the general cryptocurrency market, regulation uncertainty has been an additional concern for ETH, igniting a negative sentiment around the “king of […]
Ethereum Sees Rise In Daily Activity, But Why Is Price Down?
[ad_1] Ethereum’s network has seen notable growth recently in both daily active users and daily transaction volume, yet the price of ETH, Ethereum’s native cryptocurrency, has undergone corrections in the past few days. Notably, Ethereum is down by over 10% in the past seven days, underperforming Bitcoin and the S&P 500. While this decline can […]
Market Alert: Ethereum Faces Potential Downfall as Dencun Upgrade Looms
[ad_1] Ethereum (ETH) is poised for a notable improvement with the impending Dencun upgrade to enhance the network’s scalability. However, amidst this anticipation, QCP Capital, a seasoned crypto asset trading firm, has shed light on an emerging trend that might influence Ethereum’s price trajectory. The firm’s analysis reveals a shift in “risk reversals” for Ethereum, […]
Crypto Analyst Sets New $5,000 Target
[ad_1] Ethereum is currently looking to gain a strong footing above the $4,000 price level as bullish momentum continues to dominate. According to crypto analyst Ali Martinez, this bullish momentum could continue and Ethereum could as well reach $5,000 very soon. Ali Martinez made this known while citing data from IntoTheBlock, noting that the second […]
Dencun upgrade goes live on Ethereum mainnet
[ad_1] Ethereum’s Dencun upgrade went live on the mainnet on March 13, 2024 at 13:55 UTC. The upgrade introduces “blobs” which will see a significant reduction in transaction fees for Layer-2 protocols. Ethereum core developers have activated the Dencun upgrade on the mainnet, with the highly anticipated implementation rolling out at epoch 269568 at 13:55 […]
Ethereum Dencun upgrade day triggers surge in layer 2 protocol token value
[ad_1] The imminent launch of the Ethereum Dencun upgrade at 14.00 UTC today, March 13, has sparked a notable surge in the prices of native tokens for layer-2 protocols, including Arbitrum, Polygon, and Optimism. According to CryptoSlate’s data, the sector has surged by approximately 5% in the last 24 hours, reaching a total market capitalization […]
Getting Cheaper, Getting Higher? Ethereum Dencun Upgrade And The Potential For ETH To Rise Back Above $4,000
[ad_1] The highly anticipated Dencun upgrade for the Ethereum (ETH) ecosystem is on the horizon, promising to bring significant cost reductions and notable changes to Layer 2 (L2) networks. The update, scheduled for March 13, will introduce a new data storage system known as blobs, reducing congestion on the Ethereum network and driving key new features […]
These Are The Ethereum Altcoins Witnessing High Whale Interest
[ad_1] Here are the Ethereum-based altcoins that are currently witnessing a high amount of activity from the whales, according to on-chain data. These Ethereum Altcoins Are Seeing High Whale Transactions Right Now In a new post on X, the on-chain analytics firm Santiment has discussed how several Ethereum-based altcoins have been seeing notable whale activity […]
Ethereum edges near $4000 as EigenLayer becomes second-largest DeFi protocol
[ad_1] Ethereum, the second-largest digital asset by market capitalization, is trading near the pivotal $4000 milestone for the first time since December 2021, up 15% during the past week. Amid this price rally, leading restaking protocol EigenLayer is now the second-largest DeFi protocol in terms of total value locked, according to DeFillama data. ETH’s price […]
Total ETH Burned Crosses 1.5 Million Ahead Of Ethereum Dencun Upgrade
[ad_1] The Ethereum Dencun upgrade is fast approaching and there have already been notable developments leading up to it. Besides the price of ETH rising to new two-year highs, there has been a significant increase in the amount of ETH that has been burned so far. Over 50,000 ETH Burned The Ethereum burn, which was […]