
World Liberty Financial Denies Report of Selling Ethereum, Will ETH Price Bounce Back Quick?
World Liberty Financial (WLFI) dismissed reports claiming the sale of $8 million worth of ETH earlier this week.
World Liberty Financial (WLFI) dismissed reports claiming the sale of $8 million worth of ETH earlier this week.
Ethereum continues to underperform but the rising bearish sentiment could signal a bullish rally for the cryptocurrency, according to Santiment.
An Ethereum whale that has stayed inactive since 2022 has made a huge sale involving 10,702 ETH, raising concerns about the price outlook.
A dormant Ethereum whale, holding 10,000 ETH for over 900 days, sold its entire holdings for $15.71 million during the recent ETH price crash.
A long-dormant Ethereum whale has re-entered the market after seven years, depositing 2,000 ETH worth $3.11 million to Kraken and sparking Ethereum price crash concerns.
ETH has dropped 16% today, now trading at near $1,500, a level last seen in January 2018, sparking debate around its “ultrasound money” status.
Ethereum’s bearish sentiment has strengthened while the ETH-based investment products in the US ended their four-week outflow streak.
Ethereum finally deployed its Pectra upgrade on the Hoodi testnet. However, ETH price still gained downward momentum.
Ethereum surged to $2,065 with a 9% weekly gain as whales accumulated $1 billion worth of cryptocurrency in the past week.
According to analyst Ali Martinez, a whopping 360,000 ETH tokens were withdrawn from crypto exchanges in the last 48 hours.
Ethereum faces strong resistance at $2,400 while analysts believe that the cryptocurrency will not fall below $2,000 once again.
Analysts highlight a bearish outlook for Ethereum price, with potential further drops to $1,060 if the current bearish trend continues to persist.
Ethereum, the biggest altcoin, is on a slipper slope hanging close to the $2,000 crucial support level. With rising liquidations in the market, will a bearish trend in ETH price result in a $1,740 retest?
March brings Ethereum’s Pectra upgrade to Sepolia testnet, Humans.ai’s H1uman launch, major crypto conferences in Europe, and significant token unlocks that could influence market dynamics.
The EF Silviculture Society aims to uphold principles such as open-source collaboration, privacy, security, and censorship resistance – essential pillars of Ethereum’s decentralized nature.
Ethereum News Today
Ethereum is a public blockchain network that gave rise to the most popular altcoin; ether (ETH). The Ethereum platform was developed by Russian programmer Vitalik Buterin in July 2015 and it features smart contracts as well as an open-source nature that avails its users the choice of designing their programs without the interference of third parties or middlemen.
Ethereum’s Ether (ETH) was built on the ERC-20 protocol and it is ranked the 2nd digital currency based on market capitalization which currently stands at over 18.8 trillion USD. The coin serves as the network fees to miners on the Ethereum platform.
On its launch in 2015, there were 72 million ETH tokens pre-mined after its ICO raised over 16 million dollars in 2014. On 13th January 2018, ETH reached an all-time high of over 1,432 USD. Few months after its launch in 2015, ETH’s price dropped to its all-time low of 0.4209 USD on 21 October 2015.
Eth News
Interestingly, users can also create their custom tokens on the Ethereum blockchain network. This unique feature as seen the platform often referred to as the leading decentralized Apps (dApps) and smart contracts platform. Decentralized Apps are run and implemented precisely as programmed after it is set out on the Ethereum network; this makes it hard to censor and reduces their vulnerability to attacks. Ethereum emphases on running software design codes of dApps.
When it comes to decentralized finance in the dApps industry, Ethereum boasts of leading all other blockchain platforms in the number of applications developed. Ethereum has made significant attempts to solve the scalability issues in the crypto space in recent years and appears to be making progress in that regard.
Stay up to date with the latest ethereum news and information on Coinspeaker as we bring you breaking news on ethereum price, market capitalization, wallets, dApps, smart contacts, and its blockchain.