Ethereum’s price expectations amid Shanghai upgrade

ETH attempted to rise above the $1,925 and $1,940 resistance levels but was unsuccessful in settling above the $1,925 resistance zone.  Consequently, a bearish reaction occurred, pushing the price below the $1,900 level. The decline also broke a key bullish trend line with support near $1,870 on the hourly chart.  Currently, ether is trading below $1,880 and the 100-hourly simple moving average, showing several bearish signs below the $1,865 support.  If the price recovers, it might face resistance near $1,880 and the 100-hourly simple moving average.  ETH/BTC chart indicates a downward trend  The ETH/BTC chart, more indicative of future ETH price moves than the ETH/USD chart, reveals that ether has been in a downtrend since September 2022.  ETH/BTC price chart | Source: TradingView  This suggests that funds are flowing from ETH to BTC, and BTC is now trading at its highest level since June 2022.  For ETH to turn bullish, it either needs to break out of the downtrend on its BTC chart or close a day above $2,030 on its USD chart.  However, both scenarios are unlikely if the BTC/USD gets rejected from $30,000.  Price action will likely remain volatile this week due to the release of the CPI report on April 12.  #CPI statistics ????  Forecasted : 5.2%  Previous Data :

2023-04-12Ethereum

Ethereum Shanghai upgrade for geeks: unpacking the tech side

The highly anticipated ethereum Shanghai upgrade is scheduled for activation today, April 12th, following a swift consensus reached during the 157th AllCoreDevs Execution Layer meeting.  What are the execution changes brought by Shanghai?  This move comes after a smooth Goerli testnet transition and aligns with the Ethereum Foundations March 28 blog post providing some details. The Shanghai upgrade follows the transition to proof-of-stake. It brings new functionalities to both the execution and consensus layers of the ethereum (ETH) blockchain while also allowing validators to withdraw their stake from the Beacon Chain back to the execution layer.  The upgrade includes changes in the execution layer (Shanghai), consensus layer (Capella), and the Engine application programming interface. Key execution layer changes include EIP-3651 (warm COINBASE), EIP-3855 (PUSH0 instruction), EIP-3860 (limit and meter init code), EIP-4895 (beacon chain push withdrawals as operations), and EIP-6049 (deprecate SELFDESTRUCT).  Warm coinbase  EIP-3651, Warm COINBASE, optimizes gas costs for direct COINBASE payments on Ethereum by initializing the COINBASE address as warm at the start of transaction execution. This encourages the use of ETH as the primary payment method and maintains compatibility without introducing security concerns.  In the context of ethereum and other blockchain networks, “coinbase” refers to the address that receives the block reward

2023-04-12Ethereum

Insight: Ethereum Whales Latest Moves Ahead of Shanghai Upgrade

Ethereum, the second-largest cryptocurrency by market value, is preparing for a significant update known as the Shanghai upgrade that is going to happen later today. As this critical event is upon us, notable Ethereum whales, such as Blockchain Capital, are making significant trades on the market in anticipation of potential market volatility.  Blockchain Capital Sells Lido DAO (LDO) Tokens  Ayon sa data from analytics provider Lookonchain, Blockchain Capital recently sold 1.5 million Lido DAO (LDO) tokens at a price of $2.33, generating a profit of $1.05 million. The firm initially purchased the LDO tokens with 1,000 ETH at an average price of $1.64 between Jan. 27 and Feb. 21, 2022. By selling these tokens, they received 1,871 ETH, valued at $3.57 million.  In addition to LDO tokens, Blockchain Capital bought and sold RPL, a popular cryptocurrency. According to Lookonchain, the company bought 59,236 RPL(new) with 2M $USDC at $34 on Apr 15, 2022, and bought 61,539 RPL(old) with 600 ETH($2.15M at that time) at $35 on Oct 8, 2021. They later sold 65,352 $RPL for 1,522 $ETH($2.9M) at $44, resulting in a profit of approximately $1.09 million.  Shanghai Upgrade May Have a Neutral to Bearish Impact on ETH Price  Although the Shanghai upgrade is expected

2023-04-12Ethereum

Ethereum Live News: Only 253 ETH Validators Will Exit Their Staked Positions!

As the Ethereum network prepares to fully transition to the staking consensus mechanism today, on-chain analytics platform Glassnode has developed an analysis geared towards understanding the economic implications of the unlock event.  The Verdict: Majority Of Validators Unlikely To Sell!  Approximately 18 million out of 120 million Ethereum (ETH) have already been staked in the beacon chain. Notably, Glassnode concluded that most of the Ethereum validators do not need to sell since their investments are not in profit yet. Nevertheless, a small portion of 562k validators amounting to 253 depositors on the waitlist to exit the Ethereum staking program.  “Most of them are solo-stakers or stakers from the early days of the Beacon Chain. This leads us to believe that they are the most likely to have a high conviction rate, and withdrawals are most likely related to a change in their technical setup, rather than exiting their position,” Glassnode noted.  Furthermore, almost half of the entire staked ethers is in loss, with deposits in profits amounting to about 49.7 percent.  Ethereum Price Surges Ahead Of Shanghai Upgrade  The Ethereum price has gained approximately 17 percent in the past few days leading to the Shapella upgrade to trade around $1,871 on Wednesday. As the Shanghai upgrade

2023-04-12Ethereum

Ethereum Shanghai Upgrade Scheduled For Today - Heres What Crypto Traders Can Expect

crypto Ethereum  Naka-iskedyul Para Ngayon ang Pag-upgrade ng Ethereum Shanghai – Narito ang Maaaring Asahan ng mga Crypto Trader  18 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  After months of meticulous preparations, the Ethereum validators can take a moment of relief as their staked Ethers will be available for withdrawal from today. The Ethereum Shapella or Shanghai upgrade will take place at epoch 194048, scheduled for 22:27:35 UTC on Apr. 12, 2023.  The Ethereum Shapella upgrade combines changes to the execution layer (Shanghai), consensus layer (Capella), and the Engine API. Among the expected changes with the hard fork include EIP-3651 on the Warm COINBASE, EIP-3855 that focuses on PUSH0 instruction, EIP-3860 pertaining to the Limit and meter initcode, EIP-4895 that entails the Beacon chain push withdrawals as operations, and EIP-6049 that works on Deprecate SELFDESTRUCT.  As a result, Ethereum validators and node operators are requested to work in collaboration to enable a smooth transition.  Economic Changes in Ethereum Ecosystem  With the Shapella upgrade, over $34 billion worth of ether will be made available for withdrawal and liquidatable on the secondary market. However, Ethereum withdrawals are expected to be enabled in two ways including partial and full withdrawals. In the partial, Ethereum validators will access anything above the

2023-04-12Ethereum

BTC Hits $30,000 with an 80% YTD Gain – Is $40K a Realistic Target in April?

Bitcoin  BTC Hits $30,000 with an 80% YTD Gain – Is $40K a Realistic Target in April?  49 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  Bitcoin has gained 47% in the last thirty days, breaking past the year-to-date high of the $30,000 mark and colouring most of the market green. Despite the macro-market downturns, BTC has surpassed expectations. It strengthens the speculation that an increasing number of investors are finding a haven in cryptocurrencies as the traditional market disappoints time and again.  Most of them dip their toes in the market with BTC, the cryptocurrency worth a $580B market cap, being the most reliable choice. As BTC acquires new investors and existing investors diversify their portfolios, where is BTC headed? Lets take a look.  Bitcoin Price: An Analysis  Bitcoin started this year at $16.5K and the price stands at $30,078 now. That is an 81% jump in a matter of a little more than three months. The growing confidence among investors in BTC has also taken an impact on the broader market, which boasts a total market cap of $1.24T.  Stepping into April, BTC hit resistance at $28,100. It oscillated between $27,900 for a few days, before rising to $28,390 on April 10 and $30,200 on April

2023-04-12Bitcoin

Sell Pressure on ETH After Shanghai? Many Not Worried

Ethereum  Sell Pressure on ETH After Shanghai? Many Not Worried  2 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Ethereum‘s long-awaited Shanghai upgrade is nearly here, and there’s little doubt from industry participants the shift will impact the assets price over the short and long term.  But as some analysts watch for selling pressure that could cause ETH‘s price to dip, many don’t seem worried about such a scenario.  The Shanghai upgrade, slated for April 12, is set to enable withdrawals of ETH staked from the Beacon Chain — some since as far back as December 2020. Roughly 18 million ETH — about 15% of ETH supply, worth about $34 billion — are currently staked.  CoinShares Research Associate Marc Arjoon said the concept of unlocks leading to sell pressure could prove to be a headwind.  “But if the price doesnt fall materially enough to match the narrative, then I presume this would have an uplift for the ETH price,” Arjoon said.  Matt Fiebach, an analyst for Blockworks Research, said while there is “substantial fear” that the $34 billion in ETH set to become semi-liquid will be extremely bearish, he disagrees.  “For starters, there is a plethora of ETH derivatives commonly available which would allow an ETH staker to hedge out

2023-04-12Ethereum

RFK Jr. and Ron DeSantis team up to take down FedNow – Cryptopolitan

Kabuhayan  Sina RFK Jr. at Ron DeSantis ay nagtutulungan para tanggalin ang FedNow – Cryptopolitan  Presidential hopefuls Robert F. Kennedy Jr. and Florida Governor Ron DeSantis are rallying against the Federal Reserves FedNow payments system, claiming it would pave the way for a central bank digital currency (CBDC) and could be used as an instrument of government control.  On April 11, RFK Jr. took to Twitter to express his concerns over CBDCs, calling them the “ultimate mechanisms for social surveillance and control”.  He questioned the Fed‘s claim that FedNow wouldn’t be used to facilitate a CBDC, stating that it would be more easily digestible were it not for the Biden administrations hostility towards cryptocurrencies.  Kennedy also accused the government of colluding with banksters to keep people trapped in the bubble of profiteering and control.  He cited Nic Carters February 8 post on Pirate Wires, where Carter described 15 incidents where President Biden has weaponized the FDIC, OCC, and DOJ to force crypto-friendly banks to close their doors to crypto firms.  Governor DeSantis of Florida shares RFK Jr.s concerns about CBDCs, stating that they could be used to curtail firearm purchases or limit gasoline sales.  He introduced a ban on CBDCs from any country to Florida‘s legislature, suggesting that

2023-04-12Industriya

Ang ETH ay nagpapakita ng uptrend sa $1,900 habang tumataas ang bullish momentum – Cryptopolitan

Ethereum  Nagpapakita ang ETH ng uptrend sa $1,900 habang tumataas ang bullish momentum – Cryptopolitan  18 oras ang nakalipas  Balita ng Ethereum ng Bitcoin  Ang pagtatasa ng presyo ng Ethereum ay nagpapakita na ang mga toro ay pinipindot ang accelerator kamakailan, at ang bullish momentum ay nagtulak sa ETH sa itaas ng pangunahing antas nito na $1,900. Ang pinakamalaking digital asset ay nakikipagkalakalan sa humigit-kumulang $1,900 sa oras ng pagsulat, na may malaking pakinabang na 3.45% sa huling 24 na oras.  Ang nakaraang paglaban ay lumipat sa antas ng suporta, kaya lumilikha ng mas mataas na mababang at nagmumungkahi na ang presyo ay sinusubukang hanapin ang footing nito. Ang antas ng Suporta para sa ETH ay makikita sa $1,837, na siyang kasalukuyang antas para sa token noong nanaig ang bearish momentum. Ang antas ng paglaban na kailangang masira ay makikita sa $1,904, na siyang pinakamataas na ETH sa nakalipas na ilang oras.  Ang 24 na oras na tsart para sa pagtatasa ng presyo ng Ethereum ay nagpapakita na ang mga toro ay nagawang kontrolin ang merkado at itinutulak ang Ethereum na mas mataas. Ang digital asset ay nakikipagkalakalan sa saklaw na $1,837 at $1,904. Ang presyo ng asset ay kailangang masira sa itaas ng antas ng

2023-04-11Ethereum

Ang Presyo ng Ethereum (ETH) ay Nakaharap sa Malakas na Paglaban sa $2,000

Ethereum  Ang Presyo ng Ethereum (ETH) ay Nakaharap sa Malakas na Paglaban sa $2,000  18 oras ang nakalipas  Balita ng Ethereum ng Bitcoin  Ang $2,000 na marka ng presyo ay lumilitaw na bumubuo ng isang pangunahing sikolohikal na hadlang para sa mga namumuhunan sa Ethereum. Sa ETH trending precariously sa ibaba $1,900 para sa nakaraang linggo, on-chain data ay nagpapakita kung paano ang kamakailang pagbaba ng mga mangangalakal sa mga transaksyon ng balyena at mga flatline na balanse ng exchange ay maaaring magpalala ng pag-stagnation ng presyo ng Ethereum.   Ang on-chain data ay nagpapakita na ang Ethereum whale ay umiiwas sa paggawa ng malalaking taya nitong mga nakaraang linggo. Gayundin, ang flatline na supply ng mga barya sa mga palitan ay nagmumungkahi na ang mga mamumuhunan ay maaaring naghahanap upang sugurin ang mga panandaliang kita.  Ang Ethereum Whales ay Naghihintay sa Direksyon ng Market  Ayon kay Santiment, ang mga transaksyon sa ETH na nagkakahalaga ng $100,000 at mas mataas ay bumaba nang husto habang papalapit na ang paparating na pag-upgrade ng network ng Shapella. Ipinapakita ng chart sa ibaba kung paano unti-unting bumaba ang bilang ng transaksyon ng ETH Whale sa nakalipas na buwan. Kung ikukumpara sa 14,655 na transaksyon na naitala noong Marso 11, bumaba

2023-04-11Ethereum
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