Ethereum

A new report from TRG Datacenters has found that Ethereum and Bitcoin are the two of the more hated cryptocurrencies with roughly 29% of all tweets ...

This means that 94% of all tweets concerning DOGE contain a positive slant, displaying the strength and cohesiveness of the token's community on Crypto Twitter. Bitcoin was the second-most hated on Twitter with a 27% total negativity score. Peak Ethereum negativity from Crypto Twitter occurred when a bug caused Ethereum to briefly split into two chains in late Aug. 2021.

Phemex has recently launched its Buy Ethereum page offering investors an easy way to purchase ETH tokens with their credit or debit card.

This new approach is called Proof of Stake and it is believed to be a lot more friendly for the environment. Developer community: Finally, Ethereum has the largest developer community in the industry, which allows it to constantly foster new and innovative applications. Through this mechanism, a portion of the fees used to process transactions gets burned. Its value derives from the assumption that people will want to own ETH to run these programs, as part of a “pay as you go” system. This means that it is almost impossible for individuals to corrupt the information stored on Ethereum. Ethereum launched as a decentralized network capable of running software programs, popularly known as smart contracts.

Market Overview Analysis by Francois Moreau covering: BTC/USD, ETH/USD, pDOTn/USD, LUNAt/USD. Read Francois Moreau's latest article on Investing.com Canada.

And if the promised performance benefits prove true, expect to see price improvement for ETH and another period of outperformance compared to BTC. And if the world economies and supply chains begin to stabilize, expect ETH to benefit from a market-wide lift in crypto prices. Indeed, crypto enthusiasts are far from consensus on the effects of the shift in the ETH consensus model. In 2016, ETH developers introduced the difficulty bomb to ensure the transition to PoS. The bomb will increase mining difficulty exponentially to the point where the blockchain will become unresponsive. Without the upgrade, L2 solutions will likely outperform ETH, continue to eat into its market share, and lead to price declines. Others fear that transitioning to PoS will lead away from the goal of decentralization. Rather than replacing the Ethereum mainnet, Beacon will act as a separate layer working with the mainnet to make PoS a reality. While the Merge is also called Ethereum 2.0, it is not a Level 2 solution. L2 solutions don’t affect the underlying consensus mechanism but instead use a variety of approaches to optimize performance. To accomplish these changes, the Merge transitions ETH from its current proof-of-work model, which requires large numbers of mining rigs competing to complete complex mathematical calculations, to a simpler and more energy-efficient proof-of-stake (PoS) model. The various names and descriptions for the Ethereum upgrade may confuse those who are not devoted followers of cryptocurrency news. Ethereum’s price quickly accelerated as the date neared for “the Merge” - a promised shift to a proof-of-stake consensus model that would reduce energy consumption, making ETH more sustainable and climate-friendly. In the final days of March, Bitcoin surged while Ethereum stalled.

In a historically bad week for the price of cryptocurrencies, Bitcoin and Ethereum lost roughly 30% of their value in seven days.

ApeCoin aped into the bear market and lost two-thirds of its value. The crypto market's shrinking market cap, that is. Nearly simultaneously, Bitcoin extended its losses by 7% to hit $28,170—its lowest point since December 2020, when it was in the midst of a massive New Year's rally.

Ethereum gained bearish momentum below $2000 against the US Dollar. ETH even traded below $2000 and remains at a risk of more losses.

The next major support is near the $1,880 level. The next major support might be near the $1,550 and $1,500 levels in the near term. The main resistance is now forming near the $2,220 level. The first major resistance is near the $2,150 level. The 50% Fib retracement level of the recent decline from the $2,451 swing high to $1,939 low is also near $2,200. Ether price even broke the $2,000 support zone and settled below the 100 hourly simple moving average.

Crypto liquidations exceeded $1.2 billion at press time with over 420000 traders hit by the market-wide crash.

Large-cap altcoins like Solana (SOL) and XRP (XRP) saw $34 million and $26 million worth of liquidations. Luna (LUNA) saw $132 million in liquidation orders as its price dropped 97% to $0.29 in just 24 hours. What Happened: According to data from Coinglass, Ethereum ETH/USD saw $313 million worth of liquidation orders as its price dropped 23% to a low of $1,838 on Wednesday.

Ethereum (ETH) finds early support ahead of US inflation figures due out later today that could materially impact crypto appetite,

ETH sits below the 50-day EMA, currently at $2,871. The EMAs and the 4-hourly candlestick chart (below) send a bearish signal. A fall through the pivot would bring the First Major Support Level at $2,210 back into play. At the time of writing, Ethereum (ETH) was up 3.60% to $2,426. The Third Major Resistance Level sits at $2,845. The Second Major Support Level at $2,077 should limit the downside.

Bitcoin and cryptocurrencies have crashed further overnight, dropping to levels not seen since the crypto market began surging in late 2020...

The market inclines to sell on that kind of uncertainty and that is why stocks and crypto fell, but there is also a hope that inflation in the U.S. will continue to alleviate." Want to stay ahead of the market and understand the latest crypto news? Sign up now for the free CryptoCodex—A daily newsletter for crypto investors and the crypto-curious

A massive sell-off in cryptocurrencies wiped over $200 billion of wealth from the market in just 24 hours, according to estimates from price-tracking ...

According to the chart provided by Santiment, Ethereum whales fired off a total of 2,956 transactions, each valued at $1 million or more on May 11, marking the ...

Ethereum suffered liquidations worth $352 million over the last 24 hours. Cryptocurrencies dropped alongside the equities market after the Bureau of Labor Statistics reported that consumer prices for April rose 8.3%, which was slightly higher than expected by economists polled by Dow Jones. As the asset is being put up for sale, this leads to its availability on exchanges and a consequent drop in price. Santiment notes that this kind of whale transaction might be something to watch as Ethereum drops beneath the $2,000 mark. Ethereum's transaction volume also reached an 11-month high of 127,411.285 ETH, per Glassnode alerts. 🐳— Santiment (@santimentfeed) #Ethereum's whales have been extremely active today, firing off 2,596 transactions valued at $1M or more.

The price of ethereum has dropped dramatically amid a major crash in the cryptocurrency market. Ethereum, the second biggest digital coin, was hardest hit ...

It has lost more than 20 per cent in the last 24 hours, with its price dropping below the $2,000 mark that is held as a milestone. That selloff was partly the result of increased worries about inflation. As such, its drop has caused worries across the market.

Cryptocurrencies continue to come under pressure as investors digest the macro outlook.

Additionally, the Fed has indicated that it will begin reducing its $9 trillion asset balance sheet and will eventually ramp up to running off $95 billion of bonds by September. This will effectively remove liquidity for the markets, which means there could be less money to support riskier assets and higher valuations. "I think the market is expecting some forced selling [of Bitcoin] here on the part of Terra and the reserve," Nic Carter, co-founder of Coin Metrics, told CNBC earlier this week. Broader crypto concerns have also arisen due to issues with stablecoins, which are digital assets pegged to some kind of commodity or fiat currency. Over the last 24 hours, the price of the world's largest cryptocurrency, Bitcoin ( BTC -0.40%), traded down roughly 2.5% as of 12:57 p.m. ET. The price of Bitcoin is currently hovering below $30,000. The Fed has now raised its overnight benchmark lending rate, the federal funds rate, by roughly 0.75% in just two meetings, including a full half-point move at its latest meeting. The entire cryptocurrency market recently lost $200 billion in a single day.

ETH options pricing and the top traders' long-to-short ratio signal a lack of confidence in the $1700 support.

The skew indicator has been above 10% since April 23 and it skyrocketed to a 29% peak on May 12. OKX's top traders' ratio decreased from 1.25 to the current 0.85 level. If those traders fear an Ether price crash, the skew indicator will move above 10%. On the other hand, generalized excitement reflects a negative 10% skew. On May 11, USD Tether ( USDT), the largest stablecoin by market capitalization, broke below its peg, and traded under $0.99 on major exchanges. On May 11, Kukmin, a South Korea-based newspaper, reported a leaked draft of the upcoming governmental "Digital Asset Basic Act (DABA)" bill. Additional newsflow that added to the current market wide volatility were the bankruptcy fears that emerged after Coinbase, the largest U.S. exchange reported a $430 million first-quarter 2022 loss.

The sell-off in the stocks market saw the risk-off mood joining the crypto space. The market witnessed a sharp decline since movements before Thursday's ...

Moreover, the past six months saw the crypto market increase its correlation with stocks. The plunging stock market is dragging crypto prices lower despite the positive news. Market players can expect wild valuations even as the news favor the market. Though the cryptocurrency market sees a crash, the news associated with the space is optimistic. The market witnessed a sharp decline since movements before Thursday's trading opened, triggering a sudden fall in the cryptocurrency market. The pessimistic market sentiment saw Bitcoin price on a sharp plunge to levels below $36,000.

Investors in the second-largest cryptocurrency by market cap, Ethereum, have been rapidly liquidating their holdings in the last week. This has been a long time ...

At the time of this writing, ETH is trading at a price of $1,900. This is also mirrored by the ETH futures market. The exchange inflow volume on a 7-day moving average for ETH now sits at $38,873,883.27, beating the previous three-month high that had been recorded on May 5th, 2022. Most notable though had been the movement of the digital asset in the last 24 hours. Investors in the second-largest cryptocurrency by market cap, Ethereum, have been rapidly liquidating their holdings in the last week. Ethereum has been on a downward trend with the rest of the market.

Traders identify key support and resistance levels that Ethereum must hold as ETH price trades at levels not seen since July 2021.

If/when we break below that former resistance level, that's another bearish signal.” A longer-term view of the Ether's price action was discussed by market analyst Caleb Franzen, who suggested that a “bearish” breakdown below a major trendline. Should a further breakdown in price occur, Rekt Capital indicated that the blue zone on the chart is the “ next major support sub ~$1720,” which is located near $1,350.