Ethereum

After experiencing a rapid downturn, Ethereum has found itself supported by a substantial zone, comprising the 100-day moving average and a critical price range between the 0.5 and 0.618 Fibonacci levels. Consequently, a bullish rebound is anticipated in the medium term. Technical Analysis By Shayan The Daily Chart A thorough examination of the daily chart reveals an extended period of corrective retracements, culminating in the price finding support within a pivotal zone. This zone encompasses the 100-day moving average at…

It may sound counter-intuitive that a decentralized network can generate a profit, but that is exactly what Ethereum has done so far this year. According to an April 18 Token Terminal report, the Ethereum blockchain generated a $369 million profit in the first quarter of 2024. If this level of profit is sustained, the blockchain could generate around $1.5 billion for the year. BREAKING: The Ethereum blockchain generated a $369.08M profit in Q1 ‘24. Wait, what?! How can a *blockchain*…

The winds of change are swirling around Ethereum (ETH), the world’s second-largest cryptocurrency. While the Ethereum network itself is buzzing with activity, the price of ETH has taken a tumble in recent days, leaving investors scratching their heads. A glimmer of hope emerged with Tether’s (USDT) recent movement. Tether, the issuer of the world’s most popular stablecoin pegged to the US dollar, transferred a whopping $318 million worth of USDT from its treasury wallet directly to exchanges on the Ethereum…

For the past four days, fees paid by users on Bitcoin have exceeded those on Ethereum, according to data from Cryptofees, a data analytics platform. This surge in Bitcoin transaction fees has been associated with the growing anticipation surrounding the upcoming halving event and the Runes upgrade. Bitcoin Fees Surpasses Ethereum for 4 Consecutive Days On April 18, Bitcoin fees totaled $6.81 million compared to $5.04 million in Ethereum. On the other hand, Bitcoin miners collected $7.47 million in fees,…

[PRESS RELEASE – Dubai, United Arab Emirates, April 19th, 2024] The Telos Foundation today announced that it will work with Ponos Technology, the leading Zero Knowledge Proof (ZKP) research and development firm, to develop an end-to-end optimized, hardware-accelerated Ethereum Layer 2 network featuring SNARKtor, the Telos-developed decentralized recursive proof aggregator. The teams will take a hardware-software co-design approach that will help unlock new possibilities in terms of massive scalability, greater data protection and trustless interoperability for Ethereum users globally. Ponos…

Ethereum price is still consolidating near the $3,000 zone. ETH could start a steady increase if the bulls push the price above the $3,100 resistance. Ethereum is still struggling to recover above the $3,100 resistance zone. The price is trading below $3,100 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,070 on the hourly chart of ETH/USD (data feed via Kraken). The pair could accelerate lower if there is a close…

Not only has Ethereum (ETH) seen an impressive rise of nearly 100% in the first quarter of 2024 in terms of price action, but the Ethereum blockchain has also generated substantial profits of up to $369 million during this period. This unexpected profitability has raised questions about how a blockchain like Ethereum can be profitable.  Ethereum Revenue Potential As noted in a recent analysis by the on-chain data platform Token Termina, the collection of transaction fees is a critical aspect…

The post Ethereum (ETH) and Shiba Inu (SHIB) Show Firm Long-term Hopes, Furrever Token (FURR) in Whale Territory appeared first on Coinpedia Fintech News In the ever-evolving landscape of the crypto market, Ethereum (ETH) and Shiba Inu (SHIB) stand out as promising long-term investments, supported by robust fundamentals and growing community interest. However, amidst this backdrop, Furrever Token (FURR) emerges as a standout contender, offering investors the potential for exceptional returns with its 15X ROI. Let’s delve into the strengths…

Despite Hong Kong’s ETF approval, Ethereum sees increased liquidations and bearish sentiment, with shorts rising by 54%. Ethereum faces price volatility due to geopolitical tensions and regulatory concerns, dipping below $3,000 briefly this week. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, faced significant price volatility this week, briefly dipping below the $3,000 mark. This downturn followed a combination of geopolitical tensions and market sentiments surrounding regulatory developments. Tensions between Iran and Israel contributed to market jitters, suppressing the positive…