Ethereum (ETH) recently completed a significant software upgrade known as Dencun, which aims to enhance the network ecosystem’s cost-effectiveness, particularly focusing on Layer 2 (L2) networks like Arbitrum, Polygon, and Coinbase’s Base. This upgrade has resulted in a substantial decrease in transaction costs on these networks, making fees drop from dollars to cents or even
Ethereum
Ethereum (ETH) is on the brink of a significant upgrade with the impending Dencun update aimed at improving the network’s scalability. However, amidst this positive development, QCP Capital, a reputable crypto asset trading firm, has uncovered a concerning trend that could potentially impact Ethereum’s price trajectory. Negative Risk Reversals and Investor Sentiment QCP Capital’s analysis
Ethereum has been on a bullish run, with expectations of reaching $5,000 in the near future. The cryptocurrency market analyst, Ali Martinez, has studied data from IntoTheBlock and suggested that Ethereum still has room to grow to hit the $5,000 mark. The current price of Ethereum is hovering above $4,000, showing strong bullish momentum. However,
Ethereum (ETH) has been making waves in the cryptocurrency market recently, with its price surpassing the $4,000 mark for the first time since December 2021. This significant milestone has left investors feeling a mix of excitement and apprehension, as they try to navigate the uncertain waters of the crypto market. With a market capitalization of
The highly anticipated Dencun upgrade for the Ethereum (ETH) ecosystem is set to revolutionize Layer 2 (L2) networks by bringing about significant cost reductions and introducing new features. Scheduled for March 13, this update will introduce a new data storage system called blobs, aiming to reduce congestion on the Ethereum network and enhance various key
The recent weekend has brought about a wave of excitement in the cryptocurrency community, particularly for Ethereum (ETH). The world’s second-largest cryptocurrency has experienced a price surge of 4.31% in the last day, bringing it closer to a critical resistance point of $4,000. This increase in price can be attributed to a significant rise in
The recent surge in the activity of whales within the Ethereum-based altcoin market has caught the attention of many investors and analysts. According to on-chain data from Santiment, several altcoins have experienced a significant increase in whale transactions, indicating a growing interest from large investors in these assets. The whale transaction count is a key
In recent times, Ethereum has been positioned as a leading force in shaping a new financial landscape. Its proponents praise the capabilities of smart contracts and foresee a future where transparency and efficiency reign supreme. The current market data shows Ether trading at $3,780, reflecting a steady increase of 2% daily and 8% weekly. Despite
After Bitcoin (BTC) hit an all-time high (ATH), Ethereum (ETH) also surged above $3,800 before experiencing a double-digit price drop. However, ETH has managed to bounce back and briefly reach $3,900, its highest point in over two years. This surge in Ethereum’s price came alongside Bitcoin’s milestone, with the leading cryptocurrency hitting $69,000 before retracing
The Ethereum Foundation, a non-profit organization, has recently made an unexpected move by initiating a sell-off of 1000 ETH to a single address named “Cumberland Forwarder.” This decision has sparked speculation and raised questions about the potential market peak for Ethereum. The transparency of the transactions was brought to light by the Blockchain analytics platform