The rollout of Ethereum 2.0, or Eth2, includes a transition from proof-of-work to proof-of-stake that will supposedly transform Ether (ETH) into a deflationary asset and revolutionize the entire network. The event has been a trending topic for years and while anticipation for “The Merge” has been building over the past couple of months, this week Ethereum core developer Tim Beiko informed the world that “It won’t be June, but likely in the few months after. No firm date yet.” Delays in Ethereum network upgrades are nothing new and so far, the immediate effect on Ether’s price following the revelation has …

Ether (ETH) lost the critical $3,000 psychological support level on April 11 after a 16% weekly negative performance. Bulls were definitively caught by surprise as $104 million in leveraged long futures got liquidated on Monday. Ether's downturn also followed a decline in the total value locked (TVL) in Ethereum smart contracts. The metric peaked at 40.6 million Ether on Jan. 27, and has since dropped by 22%. This indicator could partially explain why Ether could not withstand the adversity brought by Bitcoin's (BTC) 13% weekly negative move. However, the leading altcoin has catalysts of its own because Ethereum developers implemented …

Ethereum's native token Ether (ETH) has dropped about 17% against the U.S. dollar in the last two weeks. But its performance against Bitcoin (BTC) has been less painful with the ETH/BTC pair down 4.5% over the same period. The pair's down-move appears as both ETH/USD and BTC/USD drop nearly in lockstep while reacting to the Federal Reserve's potential to hike rates by 50 basis points and slash its balance sheet by $95 billion per month. The latest numbers released today show that consumer prices rose 8.5% in March, the most since 1981. ETH/BTC triangle breakout Several technicals remain bullish despite …

After a 42% rally over a three week period, Ether (ETH) peaked at $3,580 on April 3, and since then a 12% correction to $3,140 has taken place. Tech giants launching their own smart contract platforms and regulatory uncertainty might have impacted investors’ sentiment and derivatives metrics also show worsening conditions which confirm professional traders' shift toward bearish sentiment. On April 6, Financial Times reported that Meta is reportedly planning to introduce virtual currency and lending services. This move is aimed at exploring alternative sources of revenue for Facebook, WhatsApp, Instagram and Messenger. United States Senator Pat Toomey, the ranking …

Scott Melker, veteran trader and pocaster, is convinced that major layer-1 protocols should be part of everyone’s investment portfolio. Instead of picking individual crypto projects, such as NFTs or blockchain games, Melker thinks it makes more sense to bet on the blockchain infrastructure on which these projects are built. “Any of these small projects could absolutely go nuts. But you're going to have trouble choosing what they are. You should just own the layer-1 and the infrastructure that they're all built on”, he said in an exclusive interview with Cointelegraph. “You may not own a Bored Ape, but Ethereum holders …

The cryptocurrency market is nearly completely red on April 6 after hawkish comments from multiple members of the Federal Reserve highlighted their opinion that aggressively raising interest rates and cutting bond purchases would need to happen in order to combat inflation. Members did concede that this would result in negative pressure being placed on financial markets and this seems to be exactly what happened today. Data from Cointelegraph Markets Pro and TradingView shows that the downward move for Ether (ETH) accelerated on Wednesday and dropped the top altcoin to a low of $3,178 before the sell-off subsided and the price …

Three market catalysts suggest that Ethereum's native token Ether (ETH) is well-positioned to reach $4,000 this month. Google searches for "Ethereum merge" spike Internet users' interest in Ethereum's upcoming network upgrade, dubbed "the Merge," surged substantially in the week ending April 2, Google Trends' data shows. Searches for the keyword "Ethereum Merge" reached a perfect Google Trends score of 100 on a 12-month timeframe with most traffic coming from the U.S., Singapore, Canada, and Australia. Merge, also called ETH 2.0, refers to the Ethereum network's full transition to Proof-of-Stake (PoS) from Proof-of-Work (PoW), a development that had been touted as …

Investors tend to not complain about a price rally, except when the chart presents steep downside risks. For example, analyzing Ether's (ETH) current price chart could lead one to conclude that the ascending channel since March 15 is too aggressive. Thus, it is only natural for traders to fear that losing the $3,340 support could lead to a retest of the $3,100 level or a 12% correction down to $3,000. Of course this largely depends on how traders are positioned, along with the Ethereum network's on-chain metrics. For starters, the Ethereum network’s total value locked (TVL) peaked at ETH 32.8 …

Ether (ETH) price jumped 11% between March 26 and March 29 to reach $3,480, which is the highest level in 82 days. Currently, the price is down 9% year-to-date but does data support the belief that the altcoin has resumed its uptrend toward a new all-time high? Institutional investors seem excited that the CoinShares Digital Asset Fund Flows Weekly Report revealed on Tuesday that the exchange-listed crypto products inflows reached the highest level in three months. Data showed that investment products for digital assets saw net deposits of $193 million last week. At the same time, the Office of Science …

It took Ethereum's native token Ether (ETH) only two months to recover from a brutal selloff at the beginning of 2022. ETH price breaks out but risks remain ETH price reached near $3,350 on March 28 after rallying by over 30% in just two weeks, and by more than 50% when measured from its year-to-date low of around $2,160, established Jan. 24. In doing so, the ETH/USD pair may have also "busted" what earlier appeared to be a bearish continuation setup, called the "symmetrical triangle." "Busted patterns (when the breakout is in one direction only to see price reverse and …

The week-long uptrend in the cryptocurrency market has begun to awaken bullish crypto investors and the successful March 15 launch of the Ethereum "merge" on the Kiln testnet has the community excited about the upcoming switch to proof-of-stake. Data from Cointelegraph Markets Pro and TradingView shows that since the successful launch on Kiln, the price of Ether has climbed 25% from $2,500 to a daily high at $3,193 on March 25 as traders look to lock in their positions ahead of the merge. Here’s a look at what analysts in the market are saying could happen with the price of …

The cryptocurrency market continues to forge ahead on March 23 despite facing headwinds on multiple fronts. At the moment, global conflict, rising inflation and widespread economic uncertainty are taking a toll on financial markets and helping to highlight the need for a diversified investmen portfolio. Altcoins have managed to gain some ground in recent days, led by Ethereum, the top smart contract platform, which managed to climb back to the major support and resistance zone at $3,000 where bulls are now battling for control. Here’s a look at what several analysts in the market are saying about the path forward …