Crypto Whales Are Massively Accumulating One Ethereum Scaling Altcoin, According to Analytics Firm Santiment

Crypto analytics firm Santiment says Ethereum (ETH)-scaling solution Polygon (MATIC) is now entering the sixth week of whale and shark accumulation. Santiment says whales holding between 10,000 and 10 million MATIC tokens have collectively increased their holdings by nearly 10% over the six weeks. “MATIC sharks and whales have been in a pretty big accumulation The post Crypto Whales Are Massively Accumulating One Ethereum Scaling Altcoin, According to Analytics Firm Santiment appeared first on The Daily Hodl.

Timeline of Ethereum

Ever since the timeline of Ethereum Merge became unpredictable over recent past, miners found it difficult to run their operations. In fact, the all-important ‘difficulty bomb' in the merge has been postponed multiple times in the past by the developers.

Key data May set records for highest and lowest gas fees. In May, the average price for Ethereum gas rose 20% compared to April. Total value locked (TVL) in the DeFi (decentralized finance) sector fell by over 40% to $111.4 billion. The creation of ERC-20 tokens across all networks fell by 39%. The average Ethereum The post May 2022 – Monthly Research Key Data – ETH Gas Price Rose by 20% appeared first on The Daily Hodl.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the opinion of the writer. Ethereum [ETH] has seen rough times in recent weeks on the price charts.

Ethereum core developers will maintain only two testnets following the merge, which are Goerli and Sepolia. The post Ethereum devs to shutter Ropsten, Rinkeby and Kiln testnets after merge appeared first on The Block.

The world's largest cryptocurrency exchange Binance has announced the temporary shut down of its operations with its Ethereum wallet, revealing in a blog post that they have planned maintenance scheduled for the 27th June.  The blog post from Binance outlined that maintenance will go ahead on the Ethereum network, with an approximate scheduled time of two hours.

Ethereum price analysis is bullish today as we have seen a strong retrace slightly above $1,150 end with a slow reversal over the last 24 hours. ETH//USD is now ready to continue even lower and head towards the $900 previous swing low.

A dead cat bounce is a transient, short-term recovery of asset prices from a long-term downturn or bear market, followed by the downtrend continuing. Short periods of recovery—or minor rallies—frequently interrupt downtrends, causing prices to momentarily climb. The term “dead cat bounce” refers to the idea that even a dead cat can bounce if it …

Ethereum (CRYPTO: ETH), the second largest cryptocurrency by market cap, is down 7% in the past 24 hours after recovering as much as 30% in recent weeks. The DeFi contagion — a slang used for crashing domino effect on DeFi products — has shortened ETH's recovery as the token now trades more than 70% below its record high with further signs of decline.

Ethereum, the second-largest cryptocurrency by market capitalization, is currently in freefall. Over $124 billion in capital vanished from the Ethereum (ETH) decentralized finance (DeFi) in six weeks.

Ethereum price is again heading close to $1100 as the bears jump in action, restricting the upper resistance just below $1200 levels. After a tough brawl between the bulls and the bears, the bulls finally got exhausted paving way for the bears to drag the ETH price lower. Despite the bearish trend prevailing, the possibility …