Category: ETHUST

Ethereum Price Forecast: ETH Loses Steam As Reversal Looms, Eyeing $340

Ethereum is hammering at the resistance highlighted by the ascending triangle and the $380 zone. A breakdown cannot be ruled out because of the formation of the triangle pattern. The smart contract token seems to have hit pause at $380 following a steady but gradual recovery from $360. Gains above $380 are required so that […]

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Bitcoin And Ethereum-Led Surge Triggers Altcoins To Flash Green

Weeks after trading sideways, and sustaining multiple corrections along the way, the cryptocurrency market was flashing green. Bitcoin hit the long-awaited and the recently breached level of $11k on the 9th of October. Along with it, the major altcoins demonstrated solid gains as the global crypto market noted an uptick of nearly 4% over the […]

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Ethereum Price Forecast: ETH On The Cusp Of Breakdown To $300

Ethereum has been rejected at the 100 SMA; the path of least resistance is downwards. ETH/USD is dealing with the absence of substantial support as highlighted by on-chain analysis. Ethereum is struggling to stay above the initial support at $340. Its immediate upside is capped by the 100-day Simple Moving Average. Recently support was established […]

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Uniswap Grows By Nearly 470% In Less Than A Month

DeFi has been the talk of the town and riding along is Uniswap Protocol, which has shown immense growth in recent weeks. The decentralized on-chain protocol on Ethereum continued to lead the pack in terms of the total value locked in, hitting a fresh all-time high of $2.38 billion yet again on the 6th of […]

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Ethereum 2.0 Testnet Reaches 75Gb With 2.1 Million ETH Staked

The Medalla Ethereum 2.0 testnet has been running for two months now, and in that time it has grown to 75 gigabytes in size, with over 2 million simulated ETH staked. Following a couple of early glitches, the Medalla testnet has been running smoothly since early August and it has now grown in size to […]

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Ethereum Price Prediction: ETH Stuck Between Robust Resistance And Support

Ethereum’s rejection at $370 pokes holes in various key levels, leading to a revisit to $345. ETH/USD has a higher chance of resuming the uptrend as opposed to continuing the breakdown. Ethereum did break the resistance I discussed earlier this week at $360. However, the breakout did not materialize as expected. Instead, Ethereum hit a […]

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Ethereum Founder Recommends L2 Solutions for ETH Payments

Ethereum co-founder Vitalik Buterin has suggested that more people should use ETH for payments opting for Layer 2 solutions to avoid hefty gas fees. In a response to a tweet suggesting that payments platform Square refusing to support crypto payments was ‘dumb’, Ethereum co-founder Vitalik Buterin has highlighted the benefits of supporting the digital asset […]

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Ethereum’s Volatility Declines But All Hope Is Not Lost

Ethereum’s volatility has decreased substantially and the investors were not expecting any massive price movement from the world’s largest altcoin by market cap in the coming days. This was evidenced by the crypto-analytic platform, Skew’s 6-month ether-bitcoin implied volatility dropped to figures 4.9%. The falling spread evidenced that Ethereum’s volatility with respect to Bitcoin is expected to […]

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Kucoin’s Hack drags Ocean Protocol And Uniswap Into Mud

Kucoin hacker’s fund movement is finally noted two days after the incident. Singapore-based cryptocurrency exchange, Kucoin, suffered a massive hack on the 25th of September, in which, the hackers reportedly drained $150 million worth of digital assets such as Bitcoin, Ethereum, and others. But it wasn’t until the early hours of Sunday that the hacker […]

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DeFi Player Synthetix [SNX] Announces Transition to “Optimistic Ethereum”

DeFi platform Synthetix [SNX] announced the first phase of its transition to the second layer scalability solution of Ethereum called Optimistic Ethereum. The official release defines Optimistic Ethereum as only a “generalized” layer two solutions for Ethereum since it doesn’t require any specific functionality to be built to support existing protocols of layer one. Synthetix First Phase […]

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