Ethereum (ETH) Price in the Decisive Phase! May Not Reach $1250, if it Fails to Hold Here!

Much similar to Bitcoin, the Ethereum price also staged a notable recovery from the local lows of around $1150. The price climbed high beyond $1200 and managed to sustain above 100-day MA.

Timeline of Ethereum

This well-known cryptocurrency still has better days ahead of it, even though future returns are unlikely to resemble the past. Unsurprisingly, Wall Street and the media focus a lot of attention on Bitcoin (CRYPTO: BTC), the most popular cryptocurrency.

Anthony Pompliano, a podcast host, Bitcoin minimalist and cryptocurrency investor, said sometime back that a large portion of the Ethereum network is hosted on third-party clouds like AWS.

The latest update for ConsenSys' Infura API tool has caused a big outcry in the Ethereum community. As was announced yesterday, Infura will start collecting and assigning IP and Ethereum addresses of MetaMask users with immediate effect.

A popular cryptocurrency analyst has pointed out that Ethereum ($ETH), the second-largest cryptocurrency by market capitalization, must hold above a key price level before its price can potentially move over the $1,500 mark.

Ethereum price analysis indicates ETH opened the daily trading session with a slight increase, reaching highs of $1,199.48 during the day. From there, it dropped slightly to a low of $1,176 before bouncing back up toward its current price of around $1,200.

ETH staking and validator count growth remained unaffected as the market grappled with the FTX's collapse There was, however, a slight fall in daily earnings per validator on the chain Seventy days since it became operational, the sudden collapse of FTX did not impair activities on the Ethereum proof-of-stake [POS] network.

OP Labs CEO liam.eth has announced an Ethereum core devs meeting today to discuss getting EIP-4844 to be considered for inclusion (CFI), says CFI does not imply inclusion in a hard fork. ETH Core devs deliberating EIP-4844 inclusion Liam.

A deep-pocketed Ethereum (ETH) whale is suddenly moving hundreds of millions of dollars worth of the top altcoin to an unknown wallet. According to whale-surveying platform Whale Alert, the high-net-worth trader moved 247,979 ETH worth about $280,000,000 at time of writing from one unknown wallet to another.

Ethereum core developers have indicated support for EIP-4844, a highly-anticipated scaling proposal, to go live in a future upgrade. The post Ethereum core developers signal support for ‘proto-danksharding' appeared first on The Block.

What happened: On Wednesday a total of 1,344.91 Ether (CRYPTO: ETH) worth $1,616,963, based on the current value of Ethereum at time of publication ($1,202.28), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.