Ethereum

Ethereum price extended its increase above the $3,900 resistance. ETH is now consolidating near $3,880 and might continue to grind higher in the near term. Ethereum started another increase above the $3,850 resistance. The price is trading above $3,850 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with support at $3,860 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up and test the $4,000 resistance zone…

Since trading firms like FTX collapsed in November 2022, the Solana blockchain has seen significant gains and regained investor confidence, with Ethereum developers increasingly migrating to it.  According to a recent analysis by Jack Inabinet, Senior Analyst at Bankless, with significant growth in key metrics and SOL’s year-to-date increase of 770%, Solana has solidified its position as a top-tier blockchain. Native teams within the Solana ecosystem played a key role in its resurgence, but now non-native protocols are also seizing…

After a crucial week for Ethereum, a technical candlestick arrangement shows that ETH prices could prepare for a sharp upturn in the coming weeks and months. Pointing out events in the monthly chart, one analyst notes that the ETH/BTC ratio reverses from a multi-year support trend line. Usually, the analyst continued, when prices bounce from this line, altcoin prices tend to react, trending higher.  ETH/BTC Rising From Crucial Support Trend Line The ETH/BTC is a ratio closely monitored by technical…

Altcoin Daily has identified 19 cryptocurrencies, including BTC, ETH, and XRP, as top assets likely to surge this bull season. The crypto market is optimistic following the U.S. House of Representatives passing a major crypto regulatory bill. Altcoin Daily, a prominent crypto YouTube channel, has highlighted the top 19 crypto assets poised to skyrocket this bull season, including BTC, ETH, and XRP. The broader crypto community is bullish due to a series of positive events in the market over the…

As Bitcoin (BTC) edges closer to its record high, investors are looking for the next big opportunity in the cryptocurrency market. One such investor has decided to diversify their portfolio by securing profits from Bitcoin and investing in Retik Finance (RETIK), a promising competitor to Ethereum (ETH) that has recently made headlines by soaring 2000% in a single day.Bitcoin has long been the cornerstone of the cryptocurrency market, acting as a digital gold standard for new and experienced investors. With…

Ethereum has been at the forefront of innovation in the crypto space ever since its inception. The forward-thinking blockchain platform introduced the concept of smart contracts and reshaped the crypto landscape with its groundbreaking features and expanding applications ecosystem. Its numerous upgrades and updates also stand as a testament to its pioneering nature and commitment to continuous development. Even if the Ethereum price has experienced constant fluctuations and is not at the same level it was before the crypto winter…

Tokens like Ethereum and Floki have maintained their upward momentum, delivering substantial returns to investors through features like robust network security and real utility.  However, Raboo ($RABT), a new presale token in the meme ecosystem has swiftly gained traction among investors with purchases now exceeding the $1.4 million mark. The emergence of Raboo has sparked an ongoing frenzy in the crypto market with the token already tipped as one of the best cryptos to invest in 2024. But amidst the…

The post Ethereum Layer 2 Taiko Live On Mainnet appeared first on Coinpedia Fintech News The Ethereum-based rollup Taiko is launched on the Ethereum mainnet as Vitalik Buterin proposed the inaugural block on Taiko’s mainnet. At the initial stage, Taiko’s rollup protocol contracts on Ethereum are controlled by a multisig arrangement. Taiko has a type-1 zero-knowledge virtual machine designed to emulate the Ethereum architecture, which includes a multi-proof proving system. Initially, Taiko will control block proposing and proving for the…

A quant has explained how a pattern currently forming in the Ethereum Open Interest could imply the altcoin season is coming “sooner than expected.” Altcoin Season May Be Approaching Soon Based On Ethereum Pattern In a CryptoQuant Quicktake post, an analyst has discussed about why an altcoin season may be coming soon for the cryptocurrency sector, based on a trend taking place in a couple of Ethereum and Bitcoin indicators. The first metric of relevance here is the “Open Interest,”…