Anatoly Yakovenko Discusses Ethereum as Solana's L2

On 2 July 203, Anatoly Yakovenko, the co-founder of Solana Labs, delved into the intriguing possibility of Ethereum functioning as a Layer 2 (L2) solution for Solana. Layer 2 solutions are bridge protocols that provide one-way security, and Yakovenko believes that Ethereum could potentially offer this for Solana. Yakovenko outlined — via a series of tweets — that in this […]

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Ethereum (ETH) Market Analysis – Bearish Outlook as of June 20, 2023

Introduction This report provides a comprehensive analysis of Ethereum (ETH) for 20 June 2023. The data includes real-time price, volume, bid/ask, day’s range, technical indicators, and moving averages. Price and Volume Overview As of 9:45 a.m. UTC on 20 June 2023, on Binance, Ethereum is trading at $1,730.57, up by $6.65 (+0.39%) from its previous close. The trading volume over […]

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Ethereum (ETH) Price Watch: Daily Technical Analysis 8 June 2023

Introduction In this daily technical analysis report, we will examine key indicators and interpret their values to provide insights into Ethereum’s potential price targets. Current Price: $1,845.352 (as of 6:04 a.m. CT on June 8, 2023) Technical Indicators Being Used Moving Averages: Moving averages help identify trends by smoothing out price fluctuations. The 5-day moving average ($1,854.618) reflects recent price […]

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Ethereum's Fate Hangs in Balance as Exchange Deposits Spike to An 8-Month High

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, continued to trade flatly towards the weekend, extending a two-week-long period of lacklustre price volatility. Since plunging following the Shanghai-Shapella upgrade, the asset’s outlook has continued to weaken, with its price bouncing between $1,825 and $1,930. This weakness has resulted from various issues, key among them exchange inflow, which could be fuelling […]

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Ethereum Mints More Sharks and Whales Amid Discounted Prices

Despite being off to a good start this month, Ethereum has witnessed a significant pullback. Mid this month, the cryptocurrency surged to a ten-month high of $2,140 thanks to the hype around the Shapella upgrade before collapsing by roughly 17%. Nonetheless, whereas such pullbacks are historically appreciated, especially considering investors often “buy the rumour and sell the news”, some signs […]

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The Shanghai Upgrade Could Spark Decentralization In Staking As Big Guns Are Forced To Step Back

The Shanghai update has been implemented in the Ethereum blockchain giving validators access to their staked assets and rewards. The SEC and CFTC hounding down on the staking arm of digital asset companies will lead to decentralization in the wake of the Shanghai upgrade. Analysts and users on most centralized trading platforms express mixed feelings concerning the new developments in […]

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Blockchain Analytics Firm ITB Predicts Surge in Staked $ETH After Shapella Upgrade

Ethereum’s Shapella upgrade is just around the corner, but what does it mean for Ethereum ($ETH) staking? The Shapella fork consists of two conjoined upgrades: Shanghai, which includes Ethereum Improvement Proposals (EIPs) related to the execution layer, and Capella, a major update to Ethereum’s consensus layer. The most notable EIP set to be implemented in Shapella is EIP-4895, which enables […]

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