ETH Price Analysis: Downward Pressure Intesifies as Ethereum Crashes 10% in Two Days

Ethereum has experienced a 10% correction in the last two days, but the bulls failed to sustain the price above $2K. The US stock market ended the previous two days with red candles.

Timeline of Ethereum

Last week on Benzinga's “Moon or Bust” crypto livestream, co-hosts Ryan McNamara and Logan Ross interviewed Akos Balogh and Chanteva Schoch, serial entrepreneurs and co-founders of Colle Marketplace –– a Web3 start up for luxury collectors.  Colle announced plans to accrue $15 million in digital inventory for its luxury marketplace exclusively with Benzinga.

Massive ETH holdings have been moved into exchanges as the shakedown continues for the Ethereum community. ETH holdings worth around $2.1 billion were transferred to exchanges over the past week with investors under increasing pressure.

Ethereum's topside bias remains vulnerable after the 7% drop over the past day while it did gain some bearish momentum after breaking the $1920 support line so it can now extend losses if it breaks the $1760 support so let's read more today in our latest Ethereum news. Ethereum started a fresh decline after breaking

Total Staked ETH in Ethereum 2.0 has skyrocketed by over $12.764 million, following a stake by 398k unique validators. This is according to a tweet by glassnode, the leading on-chain and financial metrics, charts, data and insights for Bitcoin and digital assets.

The global crypto market has lost momentum once again after a recovery phase earlier this week with sell-off signals. Ethereum (ETH) price, the world's second-largest cryptocurrency, is down 6% today, hovering around $1800. This demonstrates that bears remain in control, and the first week's surge was nothing more than a bear market rally. With a …

Ooki is bringing Ooki version 2.0 to Ethereum along with all the latest features enabled by dynamically adjusting interest rates. Following the successful passage of the OOIP-11 on-chain vote the Ethereum deployment has been upgraded to use the interest rates v2 algorithm.

After a relief rally earlier this week, the border crypto market loses steam once again. The world's second-largest cryptocurrency Ethereum (ETH) has tanked 6% today moving close to $1800 levels.

Ethereum is likely to take lead over Bitcoin, according to the CEO of Soros Fund Management, Dawn Fitzpatrick. She noted that the climate condition could become a global concern in the coming years, and might prevent people from adopting Bitcoin, due to its network that utilizes an energy-consuming proof-of-work consensus algorithm.

Ethereum's Ropsten testnet successfully launched its proof-of-stake (PoS) beacon chain on May 30 as the highly anticipated merge of the network draws nearer. The post Ethereum's Ropsten testnet beacon chain goes live, set for June 8 merge appeared first on CryptoSlate.

Ethererum‘s much-anticipated “Merge” seem to be closer than ever. DeFi investors are hoping that Ethereum's ‘Merge' will pull the crypto market out of its current bear market.