Ethereum: History doesn't repeat but rhymes as ETH appears poised for…

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

Timeline of Ethereum

A popular crypto analyst is highlighting the reasons why he believes Solana (SOL) is still the top Ethereum (ETH) challenger. The anonymous host of InvestAnswers tells his 436,000 YouTube subscribers that his “Day One Thesis” was that SOL was his Ethereum hedge as he considers Solana the only potential “ETH killer.” He notes that SOL The post Here's Why Solana (SOL) Is Still the Number One Ethereum (ETH) Competitor, According to InvestAnswers appeared first on The Daily Hodl.

  The global cryptocurrency market has sailed through stormy weather over the past two days. Which has thwarted the price action of digital assets to multi-month lows. The market capitalization of the industry at the time of publication is constructing momentum at $1.46T.  The market leaders Bitcoin and Ethereum have borne the heat to their potential …

While the Crypto market has plummeted to an all time low in 2022, most of the crypto investors seem to be grabbing the buy the dip opportunity by purchasing stablecoins and few other tokens. Though this activity did not have a major impact on the price, as selling was larger than buying, the transactions could …

With the market currently in peril, Ethereum whales are taking this as an opportunity to add more coins to their portfolios. Altcoins have taken the biggest hit in the market and as such have been the focus of these whales who obviously see these tokens as being on discount.

Ethereum price analysis is bearish today as we expect further downside to follow after a strong drop and reaction higher over the last 24 hours. Likely ETH/USD will soon continue even lower as the sentiment is strongly bearish.

Ethereum NFTs are coming to Instagram this week and Facebook could be next as we can see more today in our latest Ethereum news today. Instagram will also support Polygon and will add Flow and Solana soon while Facebook will support the NFTs in the near future.

With the crypto market plummeting to 2022 lows, major whales appear to be heavily buying stablecoins and a few select tokens. While this has done little to support prices, given that selling is largely outpacing buying, whale transactions could help indicate which tokens are set for a quicker recovery.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Ethereum price has been hovering inside a trading range since the sell-off in January.

The NiceHash mining software has released an update that unlocks 100% Ethereum hashrate on Nvidia's LHR RTX graphics cards. Ethereum Miners Can Now Completely Circumvent Nvidia's LHR The “Lite Hash Rate” (LHR) is an updated version of the RTX graphics cards series that comes preinstalled with a limiter on the mining power.

Ethereum price analysis is bearish today as we have seen a further decline over the last 24 hours, leading below the $2,400 mark over the last hours. Likely the bearish momentum will continue even further, with the next major target at $2,300.