Bitcoin and Ethereum camp go haywire as on-chain metrics reveal…

Bitcoin and Ethereum started off the week with modest price rises, with the king coin trading at $30,424.97 while the top alt was changing hands at $2,077.09. That being said, prices are only half the story.

Timeline of Bitcoin, Ethereum

Ethereum network fees have dropped a great deal this week, sliding under $10 per transaction to levels not seen since March 10, 2022. On May 17, the average ethereum transfer fee is 0.0027 ether or $5.68 per transaction. The cheaper fees on layer one (L1) have made it so layer two (L2) fees have been

Bitcoin (BTC/USD) extended its sideways trading activity early in the Asian session as the pair continued to hover around the 30000 figure after recently trading as high as the 31418.35 area, representing a test of the 76.4% retracement of the wide appreciating range from 21913.84 to 61788.45.  Following the pair's recent appreciation from multi-month lows around the 25338.53 area to the 31418.35 area, traders are eyeing potential short-term technical support around the 29095, 28378, 27661, 26773, and 26639 levels.

According to a recent Bloomberg article, John Roque of 22V research believes that Ethereum might fall to $420, a loss of 80% from its present price, and here's why. Ethereum May Fall 80% The trader believes Ethereum, which is presently trading at $2,000, is about to break through the support zone and will most likely fall below $420.

Bitcoin, according to one well-followed expert, is on the verge of making a major move now that it has breached a critical psychological support level of $30,000. When individuals talk about the price of Bitcoin, they're referring to the current market price of the cryptocurrency. Since Bitcoin is a totally speculative asset, this price is …

After Yuga Labs' disastrous non-fungible token (NFT) minting for its “Otherside” metaverse land sale cost investors more than $100 million in transaction fees, both Yuga Labs and ApeCoin DAO board members are listening to offers about migrating ApeCoin off Ethereum, CoinDesk has learned.

There was a time just a few weeks ago when investors were frustrated with Bitcoin [BTC] for not being able to stay above $45,000. However, at press time, most investors were relieved that the king coin was somehow over $30k as it traded at the price of $30,424.97, after increasing by 0.41% in the past

After facing a backlash from the Bitcoin (BTC) community over comments to the Financial Times that Bitcoin is “not a payments network,” Sam Bankman-Fried, the billionaire CEO of crypto exchange FTX, now hints that his exchange may implement Bitcoin Lightning Network payments.

The crypto industry is still plummeting,  the global crypto market capitalization has dropped 1.17 percent to $1.29 trillion. According to Coinmarketcap numbers, worldwide crypto volume fell 11.05 % to $87.18 billion. Ethereum (ETH) had been trading at $2,056.23, dropping 0.79 %. Several investors Ethereum, the second most successful cryptocurrency by trading volume, have lost their …

In a recent development, the renowned web infrastructure platform, Cloudflare has issued support for the development and deployment of Ethereum. The platform has issued consumer access via Ethereum and Interplanetary File System (IPFS) Gateways.

Ethereum price analysis is bullish today as we have seen a higher low set at $2,000 and another push higher since. Therefore, we expect the $2,200 resistance to be reached soon and another higher high set.