Ethereum faces another mountain to climb, at least until Merge

Pinagmulan: Glassnode  Glassnode reported on another faltering statistic for Ethereum. The Perpetual Futures Contracts volume reached a new low.  The volume dropped to a 3-month low on the exchange-giant Bitmex in the past 24 hours to $94.6 million.  This low was previously experienced in the aftermath of the credit crisis in the crypto industry back in June 2022.  Pinagmulan: Glassnode  Trader profits have also dried up in a week or so as seen in the chart below.  According to the analytics firm, Ethereum is in a very delicate position after its Merge-anouncement-related returns turned grey following the Powell speech.  On 28 August, the MVRV index value stood at -14.5% on the 30d chart as investors interest tumbled.  Pinagmulan: Santiment  Konklusyon  This completes the round-up explaining the Ethereum situation among traders as they battle for profitability.  As it stands, the Merge will be the starting point for traders on the network to build on.  The vast margins of this network still face the threat of faster and low-cost blockchains such as Solana and Polygon.

2022-08-29Ethereum

Here’s What’s in Store for Ethereum (ETH) Leading Up to The Merge, According to Analyst Michaël van de Poppe

EthereumHere‘s What’s in Store for Ethereum (ETH) Leading Up to The Merge, According to Analyst Michaël van de Poppe08 / 29 / 2022Balita ng Ethereum ng Bitcoin  Popular crypto analyst Michaël van de Poppe is plotting a bullish scenario for Ethereum (ETH) amid the hype surrounding the smart contract platforms incoming upgrade.  The crypto strategist tells his 623,800 Twitter followers that he believes Ethereums current pullback from its August high of around $2,000 is likely coming to an end.  Looking at a scenario like this on Ethereum.  End of correction relatively soon, crucial level around $1,350.nMerge hype starting to get fired in the coming weeks, taking markets up.  If block around $1,300-1,350 is lost - $1,000 next.  Source: Van de Poppe / Twitter  The Merge, which will allow Ethereum to transition from proof of work to proof of stake, is slated for mid-September. At time of writing, ETH is changing hands for $1,449, down over 3% on the day.  Looking at Ethereum against Bitcoin (ETH/BTC), Van de Poppe says the pair must stay above its immediate support level to increase the odds of bullish continuation.  Daily order block still holding on for Ethereum, which is great. I‘d like to see it hold above 0.071-0.0725 BTC ($1,402 -$1,432) as then

2022-08-29Ethereum

Ethereum (ETH) Price Turns Deflationary Even Before The Merge, Heres Why

EthereumEthereum (ETH) Price Turns Deflationary Even Before The Merge, Heres Why08 / 29 / 2022Balita ng Ethereum ng Bitcoin  Ethereum (ETH) price is set to be deflationary after the Merge due to the EIP-1559 burning mechanism. However, the ETH price continues to dive below $1500 even before the Merge. The pressure is due to whales selling their ETH holdings, Fed Chair Jerome Powells rate hikes cues, and almost $2 billion in options expiry on September 30.  Ethereum (ETH) Price Plunges Below $1500 Before the Merge  Ang Ethereum ay magiging isang deflationary cryptocurrency after the Merge, with expectations of a 90% reduction in ETH issuance.  Ayon sa data by on-chain platform OKLink, over 2.6 million ETH have been burned since the implementation of the EIP-1559 in August last year. The total ETH burned until now is worth over $8.5 billion. Also, the anual inflation rate of Ethereum has fallen 50.77% since the implementation of EIP-1559.  Bukod dito, whales are selling their ETH holdings on expectations of the deflationary nature of Ethereum post-Merge. The non-exchange whales seem to be selling their Ethereum (ETH) holdings, whereas the ETH supply held by exchanges has increased in August. This means whales are bearish on the Ethereum (ETH) price after the

2022-08-29Ethereum

Rocky road lies ahead, but here’s 5 altcoins that still look bullish

Pang-araw-araw na pagtingin sa data ng merkado sa merkado ng Crypto. Pinagmulan: Coin360  Although buying in a downtrending market is not a good strategy, traders can keep a close watch on cryptocurrencies that are outperforming the markets because, in case of any turnaround, these are likely to be the first off the block. In a bear market, traders should be patient because they are highly likely to find plenty of opportunities to buy after the market stabilizes.  What are the critical levels to watch on Bitcoin? If it stages a turnaround, what are the cryptocurrencies that may outperform in the short term? Lets study 5 cryptocurrencies that are looking strong on the charts.  BTC / USDT  A weak rebound off a strong support indicates that bulls are hesitant to aggressively buy at the level. The bulls successfully defended the support line for several days but could not push the price above the 20-day exponential moving average ($21,806). This shows a lack of demand at higher levels.  Araw-araw na tsart ng BTC / USDT. Pinagmulan: TradingView  Bears pounced upon the opportunity and pulled the price below the ascending chanel on Aug. 26. The 20-day EMA is sloping down and the RSI is near the oversold zone, indicating

2022-08-29Industriya

Ang Absurd Backlash Against Euphoria Star Sydney Sweeney, Ipinaliwanag

KabuhayanThe Absurd Backlash Against Euphoria Star Sydney Sweeney, Ipinaliwanag08 / 28 / 2022Balita ng Ethereum ng Bitcoin  Dumalo si Sydney Sweeney sa GQ Men of the Year Celebration sa The West Hollywood EDITION noong Nobyembre ... [+] 18, 2021 sa West Hollywood, California. (Larawan ni Rodin Eckenroth/Getty Images)  Getty Imagesn  Makaramdam ng sobrang tuwa Ang star na si Sydney Sweeney ay hindi sinasadyang nagdulot ng isang alon ng online backlash noong Sabado pagkatapos mag-post ng isang serye ng mga larawan at video mula sa ika-60 na birthday party ng kanyang ina. sa Instagram.  Habang ang karamihan sa mga komento sa Instagram ay pabirong binanggit ang Oklahoma, isang reference sa isang one-liner mula sa Makaramdam ng sobrang tuwa, pinag-usapan ng ibang mga komentarista ang t-shirt na isinuot ng isa sa mga bisita sa party, na nagtatampok ng simbolo na nauugnay sa Blue Lives Matter, isang kontra-kilusang pro-pulis sa Black Lives Matter.  Habang si Sweeney ay mayroon naunang nai-post bilang suporta sa kilusang Black Lives Matter, ilang sobrang online na sleuth ang naghanap sa mga Instagram account ng iba pang bisita sa party, at natagpuan higit pang mga larawan na nagtatampok ng mga replica na sumbrero ng MAGA, na humahantong sa marami na ipagpalagay na ang pamilya

2022-08-29Industriya

Crypto Strategist Issues Alerto para sa Bitcoin at Chainlink, Sabi na BTC Looking Heavy

Bitcoin cryptoAng Crypto Strategist ay Nag-isyu ng Mga Alerto para sa Bitcoin at Chainlink, Sabi ng BTC Looking Heavy08 / 28 / 2022Balita ng Ethereum ng Bitcoin  Ang isang crypto strategist na kilala sa paggawa ng napapanahong mga tawag sa altcoin ay nagbabala na ang mga pagwawasto ay nalalapit para sa Bitcoin (BTC) at Chainlink (LINK).  Pseudonymous analyst Altcoin Sherpa nagsasabi ang kanyang 181,900 na mga tagasunod sa Twitter na ang Bitcoin ay mukhang mabigat matapos ang BTC retraced mula sa tungkol sa $21,800 sa ibaba $20,000 sa Biyernes.  BTC: Sa tingin ko, malamang na pupunta tayo sa mababang $19,000. Ito ay tila ang susunod na lohikal na bounce spot. Walang lakas ang presyo na makakuha ng hanggang $23,000 bago mag-dumping pa. Ang presyo ay sumasaklaw pa rin. Naniniwala ako na ang $17,000 ay darating sa kalaunan.  Source: Altcoin Sherpa / Twitter  Sa oras ng pagsulat, ang Bitcoin ay nagbabago ng mga kamay para sa $20,068, flat sa araw.  Ang susunod ay ang desentralisadong oracle network na Chainlink. Ayon sa Altcoin Sherpa, ang LINK ay nasa panganib na mawalan ng higit sa 30% ng halaga nito kung Bitcoin at Ethereum (ETH) saksihan ang isa pang corrective move.  “LINK: ito ay umabot ng tatlong buwan ngayon. Hindi pa

2022-08-29Industriya

Ang Cardano Creator na si Charles Hoskinson ay Nagbigay ng Update sa Malaking Vasil Hardfork, Nagpakita ng Bagong Timeline

KabuhayanAng Cardano Creator na si Charles Hoskinson ay Nagbigay ng Update sa Malaking Vasil Hardfork, Nagpakita ng Bagong Timeline08 / 28 / 2022Balita ng Ethereum ng Bitcoin  Cardano (ADAAng creator na si Charles Hoskinson ay nagbibigay ng update sa inaabangan na Vasil hard fork para sa Ethereum (ETH) blockchain ng karibal.  Sa isang bagong pag-update ng video, sinabi ni Hoskinson na ang mga pangunahing palitan ng crypto ay kasalukuyang nagtatrabaho sa bagong hard fork ng Cardano, at inaasahan niyang higit pa ang susunod.  Kaya ang susunod na pangunahing pagtaas ay ang pagkuha ng mga palitan sa board. Iniuulat ng Binance na kasalukuyan silang nag-a-upgrade. Sa dami, sa tingin ko ay humigit-kumulang 30-40% sila ng dami ng kalakalan sa Cardano. At bukod pa riyan, ang Kraken at Coinbase at iba pa ay may posibilidad na sumunod.  Sa pangkalahatan, kung ano ang mangyayari ay na pagkatapos ng isang hard fork date ay inihayag, makikita mo ang isang malaking rush ng mga tao na dumaraan. Kaya kung ano ang malamang na mangyayari ay kapag naabot natin ang gintong 75% ng mga SPO (stake pool operator) at tatlo hanggang lima sa mga pangunahing palitan ayon sa dami, ang nangungunang tatlo o nangungunang limang ay na-upgrade o nasa proseso

2022-08-29Industriya

Pagsusuri ng Ripple Price: Sa kabila ng Bearishness, Mukhang Promising ang XRP Laban sa BTC

BitcoinPagsusuri ng Ripple Price: Sa kabila ng Bearishness, Mukhang Promising ang XRP Laban sa BTC08 / 28 / 2022Balita ng Ethereum ng Bitcoin  Ang Ripple ay nakaranas ng pangmatagalang pababang trend sa loob ng mahigit 500 araw. Abril 14, 2021, minarkahan ang huling araw na pinamunuan ng mga toro ang XRP market at nagtala ng lokal na mataas na halos $2. Simula noon, ang presyo ng XRP ay bumaba ng 80%. Ang mga kamakailang pagtatangka ng mga toro na magsimula ng rally ay nabigo din.  Teknikal na Pagsusuri ng  Sa pamamagitan ng: Kulay-abo  Ang Pang-araw-araw na Tsart  Sa pang-araw-araw na tsart, ang presyo ng XRP ay bumaba ng 13% mula sa buwanang mataas na $0.386. Ang pagbaba na ito ay naging sanhi ng pares na madulas sa ibaba ng 20-araw, 50-araw, at 100-araw na moving average na mga linya.  Ang mga linyang ito ay nasa humigit-kumulang $0.36, na naging kritikal na zone ng paglaban (pula). Bilang karagdagan, ang pahalang na pagtutol sa $0.4 ay nagmamarka rin ng isang pangunahing supply zone kung sakaling magkaroon ng breakout.  Mula sa bullish side, ang breakout sa itaas ng $0.4 ang unang hakbang sa North. Sa ganoong kaso, ang posibilidad na maabot ang 200-araw na moving average (sa puti), ngayon sa

2022-08-29Industriya

Here’s Where the Analysts Mapped the Upcoming Lows for Ethereum Price Rally

EthereumHeres Where the Analysts Mapped the Upcoming Lows for Ethereum Price Rally08 / 28 / 2022Balita ng Ethereum ng Bitcoin  While just 18 days are remaining for the Ethereum Merger, the sentiments appear to have faded to a large extent. The ETH price is trying very hard to hold the crucial $1500 support zone for quite a long time, but the bears leave no room for the bulls to settle. Hence compelling the price to pull a significant leg down.  A couple of days before, the Presyo ng ETH sliced through the lower support of the rising parallel chanel and displayed the resurgence of a probable bearish trend. However, a famous analyst believes, Ethereum is returning home to hit $500 soon.  The analyst here refers to home as the lower support of the curved accumulation that the second largest crypto reached during each correction. The asset previously in 2016, 2017 & 2020 had reached these levels or plunged below these levels to mark the lows of the bearish cycle. Therefore, as per the analyst, the ETH price is primed to hit the levels around $500 in the coming days, which collides with the lower support of the curve.  Conversely, Ethereum Merger is now fast

2022-08-28Ethereum

Hetzner Prohibits Users From Operating Ethereum Nodes

The Merge is the upcoming upgrade on Ethereum blockchain.  The Merge will shift blockchains PoW algorithm to PoS.  Ethereum was trading at 1,504 USD at the time of writing.  Hetzner Warns Clients Following The Merge  Ethereums much anticipated event which will shift the proof-of-work algorithm to proof-of-stake, The Merge, is getting closer. As the final stages of development are in process, the 2nd biggest Ethereum host, Hetzner, is reiterating its stance against enabling the mining operations for both the consensus mechanisms.  Hetzner, a centralized and private cloud services provider, came forward in a discussion regarding operating blockchain nodes. The company pointed out its terms of services which restricts the clients from utilizing services of crypto activities. However, the community perceived this as a threat for Ethereum, as the cloud service provider hosts around 16% of the ecosystems nodes.  Source: Ethernodes  Many consider that the cryptocurrencies are a way to open doors towards a decentralized world. Centralization in the cryptosphere is perceived as a negative trait in the long run. And this is all for a good reason. A Reddit user raised questions regarding the anti-crypto policies laid by Hetzner.  The organization responded to clarify legal implications and doubts related to utilizing the services for crypto activities. The company

2022-08-28Ethereum
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