Ethereum Encounters Resistance At Critical Level, Vital Trading Levels to Monitor

Ethereum started the week with a promising performance, experiencing a gain of over 3%. However, the bullish momentum was short-lived as the altcoin failed to sustain its position above a key resistance level.

Timeline of Ethereum

During the EDCON 2023 conference, Vitalik Buterin called the The Internet Computernetwork Ethereum's sister network refuting competition claims. In the world of blockchain technology and crypto, Ethereum has emerged as a prominent player, revolutionizing the way we think about decentralized applications and smart contracts.

The Ethereum (ETH) network has reached a significant milestone following the highly-anticipated Shanghai upgrade, as staking activity soars to new heights. According to crypto analytics platform Cryptorank, the Ethereum deposit contract balance has exceeded $40 billion, with users depositing over 4.4 million ETH since April 12 (the date of the Shanghai upgrade launch).

In the ever-evolving landscape of crypto and blockchain technology, there are few names that stand out as prominently as Vitalik Buterin. As the co-founder of Ethereum, Buterin has been instrumental in shaping the future of decentralized applications and smart contracts.

Following the Shapella update, which allowed Ethereum users to withdraw coins previously put into staking, liquid staking platforms such as Lido, Frax and Rocket Pool increased their market share to hold 46% of all ETH deposited on the Beacon Chain.

Ethereum, one of the leading cryptocurrencies, faces resistance as it moves lower from the $1,880 level. This article explores the latest price action of Ethereum (ETH) against the US dollar (USD) and examines the potential scenarios that could unfold in the near future.

Ethereum (ETH) holders are on a downward movement while the total number of staked ETH in the ETH 2.0 contract constantly rising since the Shanghai/Shapella upgrade earlier this year in March.

After the long-anticipated upgrade that has allowed validators to withdraw their staked tokens, the Ethereum (ETH) network has recently surpassed a major milestone in deposit contract balance thanks to the soaring interest in staking.

Vitalik Buterin, the renowned creator of Ethereum, recently expressed his concerns regarding the increasing trend of restaking and its potential impact on the Ethereum blockchain. In a blog post on his website, Buterin highlighted the importance of maintaining the integrity of Ethereum's validators and cautioned against the misuse of their influence.

Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin has introduced a “real-time strategic game” called Slasha to his followers. What Happened: Buterin on Tuesday called it a "totally random fun thing" and encouraged his followers to have a go at it.

In a recent episode of Laura Shin's Unchained podcast, Dan Berkovitz, former commissioner of the United States Commodities Futures Trading Commission (CFTC), stirred up a debate by suggesting that Ethereum's native cryptocurrency, Ether (ETH), could potentially be classified as both a commodity and a security.