ETH

Ethereum price has recovered in the past 24 hours following a sharp drop below its support levels. The leading altcoin has been bullish in recent weeks and created a new all-time high this week. This had led to speculations that Ethereum could hit the $2,000 mark before the end of the week. However, a major correction occurred yesterday, with the coin dipping towards the $1,000 support level. Since then, the coin has retraced its movements and is currently trading at…

Over the past few hours, ETH has managed a bullish breakout above several key resistance levels while BTC continues to trade sideways. The second-largest cryptocurrency by market cap has been showing continued strong upward price momentum since the weekend, prompting crypto pundits to anticipate that ETH could soon set fresh highs and follow bitcoin's recent parabolic rally. ETH has gained over 12% in the past 24 hours and surmounted the $1,250 and $1,280 resistance levels against the US Dollar. As…

Bitcoin (BTC) has taken most of the shine in recent weeks due to its remarkable, bullish run. However, leading altcoin Ethereum is not far behind and has actually outperformed Bitcoin in 2021. Ethereum (ETH) Price Up 70% in 2021 Ethereum has enjoyed a massive rally since the beginning of the year. Entering the year valued at around $718, the leading altcoin has gained an average of 10% in value in the past eight days. In the past 48 hours, ETH…

Leading cryptocurrency exchange, Binance has announced a compensation plan for the COVER hack victims on its platform. This is a remarkable gesture from the exchange towards its customers that lost their tokens in the hack. $10 million to be distributed from Binance SAFU Fund Binance revealed more about the compensation plan in an extensive blog post on its website. According to the exchange, the decision to compensate affected customers was taken after a COVER team meeting. The embattled Defi platform informed…

The crypto market has been on a bullish run in recent weeks led by Bitcoin. Ethereum has also made impressive gains during this period moving from $130 to above $700 in 12 months. This gain has transferred to its ecosystem, with over 90% of ETH portfolios in profit. 90% of Eth Addresses In Profit Analytical firm Glassnode recently published a report analyzing the Ethereum ecosystem. During this analysis, it was discovered that more than 47 million ethereum portfolios were trading…

Data from Dune Analytics reveals that there is currently 2million ETH locked into the ETH 2.0 contract. This shows the increased confidence in the Ethereum 2.0 update currently under development. Ethereum 2.0 a major update In general, the crypto community has been surprised to observe the levels of participation in Ethereum 2.0. It is worth remembering that Ethereum 2.0 aims to improve the ETH Blockchain in speed and usability. Recall that, currently, the Ethereum Blockchain suffers multiple bottlenecks that raise…

Recently, there has been growing interest in ERC-20 tokens, basically the de facto standard for Ethereum tokens. In the Ethereum ecosystem, tokens represent a wide range of digital assets, including IOUs, vouchers, and even real-world assets. In essence, ERC20 tokens are smart contract tokens designed to be used exclusively on the Ethereum platform.  ERC-20 tokens are the primary protocol for proposing improvements to the Ethereum (ETH) network. ERC stands for Ethereum Request for Comment, while the 20 represents the proposal…

Crypto Adventure has learned about a wallet address associated with QuadrigaCX that has been staking ETHs in Ethereum 2.0 Deposit Contract. While going through Etherscan.io, we came across a peculiar address (0xd9518342a44e7dfdcd363f28f1ad19e568e2eb85) that staked 800 Ethers in total in the deposit address. These Ethers were staked with 25 different transactions of 32 ETHs. The given address still holds around 2000 ETHs worth $1.1 million. According to investigations around the collapse of QuadrigaCX by Bloxy and CoinMonks, the given address is closely…

Leading altcoin, Ethereum achieved a major milestone as its price touched the $500 mark for the first time in two years. Ethereum experienced a major surge in the early hours of the day and moved past the $500 barrier. There was a sharp correction for the altcoin, which retracted to $495 for a few hours. However, at the time of publication, Ethereum is valued at $505, an increase of 8.35% in the past 24 hours. The altcoin has also seen…