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 […]

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 […]

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 […]

Ethereum staking rewards are experiencing an unprecedented rise, and here’s what’s driving it. According to a report by The Block published earlier today, a remarkable development has occurred in the Ethereum network this week, with staking rewards achieving an annual yield of 8.6%. This new record, unseen since The Merge, is largely attributed to a sharp rise in on-chain gas […]

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 […]

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 […]

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 […]

On April 13, crypto analytics firm Santiment took a closer look at Ethereum’s price moving above $2,000 for the first time in eight months. This increase coincided with Bitcoin’s price crossing $30,000 after a 10-month gap. Traders are now wondering if Ethereum’s growth is just a temporary event or the beginning of a longer upward trend that could bring it […]

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 […]