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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

A cryptocurrency trading expert has identified a key level that could confirm Ethereum’s (ETH) bullish momentum, as whales continue to accumulate the second-largest digital asset by market cap. According to Ali Martinez, Ethereum must decisively break above the $4,100 resistance level to trigger its next major rally, as he noted in an X post on July 29. The Analysis is based on the weekly chart, where the asset has shown a strong recovery from its lows around $1,500 earlier this year. Recent candles indicate a steady climb above key support zones at $2,200 and $3,300. ETH price analysis chart. Source: TradingView Currently, ETH is trading just below the critical $4,100 level, which has previously acted as a point of rejection. As per the outlook, a confirmed breakout and close above this zone could pave the way toward $5,000 and beyond. The Analysis projects a period of sideways consolidation just under $4,100 before an anticipated breakout, aligning with a b...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

A cryptocurrency scammer behind the fraudulent blockchain-based gambling project ZkCasino has recorded massive losses of over $27 million through liquidation. The individual, who had previously swindled millions from unsuspecting investors, opened a highly leveraged 20x long position on Ethereum (ETH) via Hyperliquid, a decentralized perpetual futures exchange. However, the market turned against the position, leading to a full liquidation with losses totaling $27.1 million, according to the latest on-chain data retrieved by Finbold from Onchain Lens on April 7. Ethereum liquidation chart. Source: Hyper Dash  ZkCasino scam  Before this downfall, the scammer reportedly stole over $40 million through the ZkCasino scheme, a fake gambling platform and blockchain casino that lured investors with false promises of quick returns. ZkCasino marketed itself as a legitimate operation, claiming investors could recover their funds within 30 days. It’s worth...

Ethereum (ETH) is one of the oldest cryptocurrencies to enter the market. Despite the arrival of several new assets over the years, ETH has managed to safeguard its position as the second-largest cryptocurrency in the market. Currently, the asset’s market cap is at $247.43 billion, and is the largest altcoin in the industry. Despite this, ETH has been struggling in terms of price. While the end of 2024 proved to beneficial for the asset, it has tanked ever since. Also Read: Tesla Could Reach $327.17 in April: A 13.55% Gain You Can’t Miss Ethereum Daily Chart Source: Watcher Guru Throughout the past 24 hours, ETH witnessed more dips than upticks. This came as a shock to the ETH community as most of the other assets in the market were recording a rise. Despite its notable rise during the final months of 2024, Ethereum’s yearly price change stands at a negative 43.55%. At the time of writing, the altcoin was trading at $2,040.99. Source: CoinMarketCap Also Read: How Much Would ...

The Ethereum Foundation has denied that a wallet under its control was nearly liquidated. Earlier today, crypto traders spotted an unusual transfer of 30,098 ether (ETH) from a suspected Ethereum Foundation address into Maker, a stablecoin-focused crypto lender. Speculators guessed the reason for the $56 million deposit was an emergency collateralization to prevent an embarassing, expensive liquidation. However, Protos reached out to the Ethereum Foundation for comment and was told by a spokesperson that the wallet involved in this transaction was not controlled by the organization. ETH has halved in the past year and declined 27% in the past 30 days, dipping 4% in the last 24 hours alone. As its price continues to crash, the likelihood of liquidating ETH as a depreciating unit of collateral increases. Last month, in response to widespread criticism of the Ethereum Foundation’s governance, Vitalik Buterin replaced its leadership and approved its first-ever deposits...

Leading altcoins Ethereum (ETH) and Solana (SOL) crashed by double digits on Tuesday. While Ethereum shed 13% of its value, Solana bled nearly 15% in the day’s trade. Both cryptocurrencies are experiencing a downturn and remain in the red zone for close to a month. Also Read: XRP Price Struggles Below $2.2—What’s Next for the Week Ahead? Source: Coingecko Solana is down 47% in the last 30 days while Ethereum dipped over 30% during the same time frame. Investors fear another dip could send the prices to new yearly lows and wipe out all gains it generated last year. SOL and ETH remain on a slippery slope with little to no price spurts since year-to-date. Also Read: Top 3 Cryptocurrencies To Buy During The Latest Market Crash Source: Coingecko Ethereum & Solana: Here’s Why ETH and SOL Are Dipping Today Source: Blockworks The crash in price comes after Bitcoin dropped 5% in the day’s trade falling below the $90,000 mark. BTC is now trading at the $89,000 level signifying t...

Ethereum (ETH) has been making headlines in the cryptocurrency market today. The altcoin has emerged as the talk of the town for various reasons. While the second-largest cryptocurrency continues to struggle in terms of price, the daily transaction fees of the network saw a massive plunge. Amidst all these updates, the community is expecting a rise towards $4,000 or at least recovery for ETH this month. Also Read: Unlock Wealth: 2 Altcoins to Invest in for Millionaire Status by 2030 Ethereum’s Gas Price Dips Source: AscendEx At 0.808 gwei, or $0.05 per transaction, the average gas charge for an Ethereum transaction has fallen to its lowest point in the previous five years. For Ethereum, which has risen to as high as $100 in previous years, this drop in gas prices marks a historic occasion. The value of gas surcharges peaked in 2020 at 709.7 gwei, or around $196 per transaction. The NFT trend, growing interest in DeFi applications, and greater network traffic were the primary cause...