Ethereum Downtrend Subsides as It Fluctuates Above $2,000 Support

Yesterday, the price of Ethereum (ETH) plunged to a low of $1,763 as bulls bought the dips. Today, the largest altcoin is in an upward correction with the market reaching a high of $2,148. For the uptrend to continue, the bulls need to break above resistance at $2,201.

Timeline of Ethereum

Ethereum's price has just slipped below $2000 amid the bloodbath within the crypto space fueled by Terra's UST. While the UST de-pegged and dropped hard to $0.5, the LUNA price dropped below $0.05. And hence due to the extreme market conditions, the Bitcoin price slashed below $27,000, but now hovering around $28,000. However, amid the …

• NFT Moonbirds Collection is trading at 17 Ethereum after being worth 25 ETH• Central bank regulators in the US and Europe could be affecting cryptos and NFTs Recently, a recession was experienced in the crypto market, where significant tokens like Bitcoin and Ethereum lost over 20 percent of their value, affecting NFTs. However, cryptos.

Ethereum has dropped to its lowest point since July 2021 in the aftermath of the latest crypto crash. Standing at $1750 at press time, Ethereum has plunged severely recently suffering a near 25% dip in last 24 hours.

Shiba Inu (SHIB) has surpassed FTX Token (FTT) as the second-most held cryptocurrency after Ethereum (ETH) by the top-100 Ethereum wallet addresses.  The post Shiba Inu Becomes Second-Most Held Cryptocurrency by Top-100 Ethereum Wallets appeared first on BeInCrypto.

Ethereum price analysis is bullish today as we have seen another strong push lower being met with a reaction higher above the $2,100. Therefore, bulls are sending a strong signal that retracement will follow over the rest of the week.

L2 Labs' ZKSpace has announced the launch of its groundbreaking transaction batching tool designed to make it possible for users to send up to 60 ERC-20 token transfers with just a single transaction. The first-of-its-kind Batch Payment tool leverages ZK-Rollups…

A popular crypto analyst is digging into the charts as the markets try to recover from a rocky start to the week. The pseudonymous analyst known as Altcoin Sherpa tells his 175,400 followers that leading smart contract platform Ethereum (ETH) has already fallen back to its January lows in the $2,100 range. “Interesting observation for The post Crypto Analyst Says Ethereum Showing Strength, Updates Forecasts for Top ETH Rivals appeared first on The Daily Hodl.

A recent Glassnodes report shows Ethereum addresses are currently in a profiting position based on 7-day moving averages hit their lowest point in 21 months. Number of Profing ETH Addresses at 21 Month Low Because of the reduced profiting positions,…

Ethereum TVL fell steeply in the second week of May due to decreased investor interest in decentralized finance and the entire crypto finance market. The post Ethereum (ETH) TVL Sinks More Than $50 Billion in 2022 Low appeared first on BeInCrypto.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice On-chain metrics for Ethereum noted that a two-year high on the ‘Number of addresses in loss' was breached on 7 May. The NFT hype has been dying down as reports suggested a major downtrend in