Ethereum (ETH)

Ethereum dropped from a daily high of $488 to a low of $420, marking a 15% decline.ETH has since recovered a bit and it currently trades at around $445.Against Bitcoin, the cryptocurrency found solid support at a steeply rising trend line and quickly rebounded during today’s price drop.ETH/USD – Ethereum Rolls Over From $475 ResistanceKey Support Levels: $438, $427, $400.Key Resistance Levels: $475, $490, $500.Ethereum bounced from the support at $382 (downside 1.272 Fib Extension) toward the...

The attack termed as “Dogbyte” allows passive observers to access the secret project to break the security of the protocol. All it requires is the central coordinator to conspire with a participant according to ZenGo.The Diogenes project being led by Ligero Inc team has been under review by ZenGo upon the request of the Ethereum Foundation and VDF alliance. According to a recent update, there was a massive discovery of a potential attack vector that has the capacity to access the Ethereum 2.0...

Bitcoin being tokenized on the Ethereum network will mean an increased activity in the Ether system, which has lately been related to high transaction fees.Cryptocurrency analytics firm Messari has estimated that approximately $500 million worth of Bitcoin (BTC) has been tokenized on the Ethereum network for use in decentralized finance (DeFi) protocols year to date. This reciprocates to around 0.3% of all circulating Bitcoins, hence leaving a huge gap of unexplored territory.Messari on...

With the increase in Ethereum blockchain activity and amid the growth of ETH price, Ethereum miners were reported to have earned $500,000 in transaction fees in one hour – the biggest amount recorded ever.Ethereum miners have lately been cashing out at a higher rate through the consumers’ transaction fee collection meant to maintain the system. According to Glassnode, an on-chain market analyst, Ethereum miners saw a record profit of over $500,000 in transaction fees in one hour.He further...

Bitcoin’s price action on Monday, August 31st, was quite uncertain. Although it seemed like a double bottom pattern had formed over the weekend, the erratic behavior seen on this day left many scratching their heads.The flagship cryptocurrency was able to make a higher high and a higher low following the weekly open, but closed the day in the red.BTC kicked off the week at a high of $11,716. Given the upwards price action seen the previous day, it was reasonable to assume that the bullish...

The crypto industry is scrambling to find a solution for the unfeasibly high gas fees that make smaller transactions on the Ethereum network financially unviable. The 2020 DeFi boom and explosion in yield farming platforms have strained the Ethereum network so much that whales and minnows alike are now fighting for block space to get their transactions through.Binance Chain to The Rescue?In a tweet on Tuesday, September 1, Binance CEO Changpeng Zhao hinted at a solution without giving...

Bitcoin continues to improve its position slowly and is currently hovering above $11,900. However, double- and even triple-digit price pumps from lower-cap alts continue to decrease BTC’s dominance to a yearly low of beneath 57%.2-Year High For ETH, Sushi Enters Top 100Ethereum doubles-down on its recent price pump with another 10% increase. ETH now trades at $465, which is a 23% surge since bottoming at $380 last week. This is the highest level Ether has marked since the summer of 2018 and...

Ethereum price is rising and it is trading well above the $430 level against the US Dollar.ETH price is likely to accelerate higher above the $448 and $450 levels.There was a break above a major bearish trend line with resistance near $394 on the 4-hours chart (data feed from Coinbase).The pair is currently trading with a positive angle above $440 and the 55 simple moving average (4-hours).Ethereum price is gaining bullish momentum above $440 against the US Dollar. It seems like ETH/USD is...

Ethereum surged by a substantial 10% surge over the weekend as it hit a high of $440 today.The cryptocurrency broke above the previously highlighted pitchfork on the 4-hour chart.Additionally, Ethereum penetrated above a falling price channel against Bitcoin over the weekend.ETH/USD – Bulls Re-Test 2020 HighsKey Support Levels: $420, $408, $400.Key Resistance Levels: $438, $450, $463.Last week, Etheruem fell into the $380 support (downside 1.272 Fib Extension) and rebounded. At the time, it...

With a reliable oracle solution now in place, TRON should enjoy greater success in luring dApp developers away from Ethereum.TRON has revealed a partnership with Band Protocol that’s bringing oracles to the former’s defi ecosystem. As a result, external price feeds can now be built into TRON dApps, freeing developers to create an array of intriguing new applications that transcend their native blockchain.Oracle integration is regarded as a sign of a blockchain maturing and growing in stature....