Tue, November 19

Is Ethereum (ETH) Setting Up for a Trend Reversal?

The recent crypto market rally, driven by Bitcoin’s new all-time high, has fueled a positive market sentiment. Consequently, traders shifted focus to Ethereum, which initially outperformed other altcoins. However, Ethereum faced criticism as it lagged, unable to reach higher levels.  Analysts predict Ethereum might explode after breaking steadily above the

November 18, 2024 2 mins read

Ethereum (ETH) Faces Critical Test at $3K Support Level

The bullish sentiment of the crypto market drove the overall market cap to climb past $3 trillion, surging over 5%. While Bitcoin (BTC) trades at $91,627, Ethereum (ETH) cannot mirror its upward momentum. With fading bullish signals, the ETH price risks its price.  ETH hovers at a crucial trading juncture,

November 16, 2024 2 mins read

Ethereum Foundation Sold 100 ETH for DAI to Strengthen Reserves

Today, the Ethereum Foundation made another significant move in its ongoing strategy to fund public projects and maintain reserves. For the first time since releasing its annual report, the foundation sold 100 ETH, swapping the cryptocurrency for the stablecoin DAI. This transaction followed a similar move in late October, where

November 12, 2024 2 mins read

Justin Drake Proposes Beam Chain for Ethereum’s Consensus Layer

Ethereum Foundation researcher Justin Drake has introduced a proposal at Devcon for a comprehensive redesign of Ethereum’s consensus layer, termed the “Beam Chain.” Beam Chain combines several advanced upgrades from the Ethereum roadmap, including native zero-knowledge (ZK) proof support and faster finality. This proposal could mark Ethereum’s biggest transition since

November 12, 2024 2 mins read

Ethereum (ETH) Breaks $3000 After Prolonged Struggle

After weeks of consolidation, Ethereum (ETH) has finally broken free, climbing back into the $3K zone for the first time in nearly three months. This surge comes as Bitcoin (BTC) recorded a fresh all-time high ($77,252) for the third day in a row, sparking a wave of optimism across the

November 9, 2024 2 mins read

Ethereum Shows Mixed Signals as MVRV Ratio Surpasses 10% Amid Whale Accumulation

The second-largest cryptocurrency by market capitalization is demonstrating notable price momentum, driven by Bitcoin’s recent record-breaking performance. This market movement has propelled Ethereum to significant daily gains, sparking discussions about sustainability and future price trajectories. Ethereum market metrics and whale behavior  The Market Value to Realized Value (MVRV) ratio for

November 8, 2024 2 mins read

Can Ethereum (ETH) Break the $3K Threshold?

Following the US election of 2024, a notable surge has ignited within the cryptocurrency market to rekindle the bullish rally. Post the period of persistent difficulties, the largest altcoin, Ethereum (ETH), has finally broken above the $2,880 mark. At present, the asset is at a crucial juncture, attempting to hit

November 8, 2024 2 mins read

Ethereum Launches Mekong Testnet for Pectra Upgrade Preview

The Ethereum Foundation has launched the Mekong testnet, a crucial step towards the upcoming Pectra upgrade. The testnet, which is a short-term environment, is designed to allow developers to explore user experience (UX) improvements and familiarize themselves with staking changes ahead of the Pectra fork. This development follows an extensive

November 7, 2024 2 mins read

Will ETH Reach Key Resistance as Market Momentum Builds?

The global crypto market cap surged to $2.47 trillion, marking an 8.11% increase in the last 24 hours. Total crypto market volume soared to $165.48 billion, reflecting a significant 95.70% surge in trading activity. DeFi’s share of this volume stood at $6.62 billion, accounting for 4.00% of the total crypto

November 6, 2024 2 mins read

Is the Recent Whale Activity Signaling Trouble for Ethereum?

As the cryptocurrency market grapples with uncertainty surrounding the U.S. presidential election, Ethereum (ETH) has experienced significant downward pressure. Currently trading at approximately $2,443, ETH has seen a 0.73% decline in the past 24 hours and a steep 7% drop over the last week. Despite a slight recovery in total

November 5, 2024 2 mins read