Ethereum

The post Ethereum Drops 10% Today! ETH Price To Plunge Below $2.8K? appeared first on Coinpedia Fintech News The altcoin leader, ETH price, started 2024 positively by adding over 79.34% in valuation, resulting in the price recording a high of $4,094.75. After trading sideways for a while, the bulls lost momentum and since then, the price has been trading under a bearish influence. Moreover, the global market cap of the crypto industry has recorded a correction of 9.87% within the…

SEC Chairman Gary Gensler’s contradictory statements on the classification of Ethereum have been the crux of the lawsuit brought against the regulatory body by blockchain software company Consensys.  The ETH Controversy: Commodity Or Security?  SEC Chairman Gary Gensler is again under fire because of his views on cryptocurrency, this time for claiming ETH as a security. He is accused of 'misleading Congress' on the crucial matter of Ethereum's classification as securities, a charge that could have far-reaching implications.  The US…

Ethereum price started another decline and traded below $3,000. ETH must stay above the $2,800 and $2,850 support levels to avoid a major drop. Ethereum started another decline and tested the $2,900 zone. The price is trading below $3,120 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $2,850…

Uniswap, the most widely used Layer 2 decentralized exchanges (DEXs) built on Ethereum, now accounts for approximately 37% of the total trading volume on L2. This represents a remarkable increase compared to the trading volumes observed two years ago. Uniswap L2 Volumes Surged Over 650% In a post on X, Tom Wan, a researcher at 21.co, noted the growth of Uniswap’s layer 2 (L2) volume, which has surged by more than 650% over the past 24 months. This increase saw…

In May 2022, Nubank, Brazil’s largest digital bank, first announced that it would be supporting Bitcoin (BTC) and Ethereum (ETH) trading, alongside others like Solana (SOL), in a new partnership with the blockchain infrastructure company Paxos. Around that time, Nu Holdings, the parent company of Nubank itself, was reported to have allocated 1% of its total cash holdings to Bitcoin. Later on, Nubank announced sometime in December 2023 that its platform will be supporting crypto withdrawals and that feature is…

The growth of the ShibaSwap platform to other blockchains widens the adoption of Shiba Inu as the top Ethereum-based meme coin. The Shiba Inu community largely relies on the ShibaSwap platform to ensure deep liquidity for the ecosystem’s tokens. Shiba Inu (SHIB) has grown over the past year to a major web3 network with a vibrant online community on the Ethereum blockchain. The mid-cap altcoin, with a fully diluted valuation of about $22 billion, has attained more than 1.3 million…

A crypto analyst has predicted when Ethereum, the world’s second-largest cryptocurrency, will bottom against Bitcoin, however, under certain conditions.  Analyst Predicts ETH/BTC Bottom Timeline In a recent X (formerly Twitter) post, crypto analyst and founder of ITC Crypto, Benjamin Cowen, shared his forecast regarding the Ethereum to Bitcoin price ratio, projecting the timeline for when ETH/BTC would hit its lowest value in the current market cycle.  Sharing insights on the market conditions, Cowen noted striking similarities between the present market’s…

Crypto prices continue to crash to end the month of April, with Bitcoin falling to $60,800 at press time.  Meanwhile, Ethereum continues to see an even steeper decline, falling by 4% on Tuesday. The ETH price is now on the cusp of falling below $3,000 to end the month.  Why Is Crypto Crashing Today? Crypto prices reacted negatively after the recently approved Hong Kong Bitcoin and Ethereum ETFs missed expectations. As opposed to the anticipated $300 million in trading volume,…

While Bitcoin has been recognized as a commodity, the same cannot be said for Ethereum’s status, which has been more ambiguous due to its initial coin offering (ICO) in 2014. However, a new report suggests that the Securities and Exchange Commission (SEC) and its chairman, Gary Gensler, seem to have believed that Ethereum is an unregistered security for a long period of time. SEC and Gensler’s Beliefs Exposed According to the latest FOX report, court documents filed by Consensys on…