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Ethereum is retreating lower from the $245 resistance against the US Dollar. ETH is now showing bearish signs below $235, but the $230 support holds the key in the near term. Ethereum is currently facing an increase in selling pressure below $240 and $235. The price tested the $230 support level and
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Ethereum has seen extremely strong performance since the capitulation lows seen in March, outpacing a majority of top cryptocurrencies. According to data from TradingView, the largest altcoin has gained approximately 180% since mid-March. For some context, over that same period, Bitcoin rallied by a relatively measly 145%. Ethereum’s recent inability to pass
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Ethereum has been trading in close tandem with Bitcoin throughout the past several days and weeks, and this correlation isn’t showing any signs of breaking. It now appears that buyers may be laying the groundwork for ETH to see a notable upswing, however, as the crypto is currently on the cusp
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Ethereum entered a consolidation period over the past week that has led to the formation of a descending triangle on its 4-hour chart. A horizontal trendline developed along with the swing lows while a descending trendline formed along with the swing highs. The continuation pattern estimates that a spike in demand
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Ethereum 2.0 client Prysm is “basically ready” to launch, Richard Ma, CEO of Quantstamp, said in a phone call with CryptoX. A technical thumbs up for Prysm from the smart-contract auditing firm comes after last week’s announced push by network developers to launch the proof-of-stake (PoS) version of Ethereum before 2020
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Matic Network, the Layer 2 scaling solution for Ethereum, revealed the results of their Counter Stake testnet stress testing. Over an uninterrupted two month period, the team claims the network achieved speeds of up to 7,200 transactions per second (TPS). What’s more, this occurred under decentralized conditions. “During stress testing, 122 validators
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Blockchain scalability solution Matic claims the network can supercharge the Ethereum ecosystem, after a two-month testnet run revealed it was able to process 7,2000 transactions per second (TPS).In a July 14 blog post by Matic Network, the project reported it had stress tested its Counter Stake CS-2008 testnet, which could
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The total market cap for all ERC20 tokens running on Ethereum has topped $33 billion. The ETH market cap is around $26.8 billion.Ethereum market cap has been surpassed by the combined value of the decentralized apps (dApps) tokens built on the network. The Ethereum-based tokens used in decentralized finance (DeFi)
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Camila Russo is the founder of The Defiant and author of “The Infinite Machine,” the first book on the history of Ethereum, which launches today. Read an extract here. Almost five years ago on July 30, 2015, part of the Ethereum team had gathered in Berlin to see the network
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This is a weird year for everyone and everything, but it’s a particularly weird year for Ethereum. Why? The second-largest blockchain by market cap and the largest by contributing developers has always been known for having lots of events. COVID-19 has put the kibosh on that. “These folks are in a state
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