Ethereum Loses Steam As Exchange Supply Spikes

Ethereum (ETH) is once again losing momentum after exhibiting a positive bounce the previous week. At the time of publication, ETH has a market valuation of $125 billion and is currently trading 9 percent lower at $1032.

Timeline of Ethereum

What happened: On Wednesday a total of 4,014.45 Ether (CRYPTO: ETH) worth $4,158,325, based on the current value of Ethereum at time of publication ($1,035.84), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.

Ethereum developers have now scheduled the difficulty jump to activate in mid September. The post Ethereum finishes Gray Glacier hard fork to push the ‘difficulty bomb' to September appeared first on The Block.

Ethereum (ETH) is in a downtrend after the bulls were beaten back at the high of $1,280. Since June 26, the price of Ether has steadily fallen to the psychological price level of $1,000. Today, ETH/USD has fallen to the low of $1027.60.

The LIDO community shows intent to keep ETH staking uncapped as they are voting against the proposal that will limit how much ETH can be staked on the platform so let's read more today in our latest Ethereum news. Last week, LIDO put forward a governance proposal to limit the ETH amount that users can

The Lido community is strongly against any attempt to force the platform to limit its Ethereum staking market share. The post Lido community strongly against limiting its Ethereum staking dominance appeared first on The Block.

Coinbase added SOL staking rewards with a higher return than ETH so now users can earn passive yields as high as 3.85% by holding their SOL tokens so let's read more today in our latest cryptocurrency news. Coinbase added SOL staking rewards and it will offer these services for users who hold and stake Solana

Ethereum price analysis is bearish today as we have seen further decline leading below the $1,050 support. Since this mark was broken without much hesitation, we expect ETH/USD to spike even lower and break past the $1,000 next major support by the end of the day.

Yet again, Ethereum (ETH) is failing to keep up with the momentum following a strong rebound last week. At the moment, Ethereum's price is changing hands at $1030, 9% lower, with a market valuation of $125 billion. The second-largest cryptocurrency is certainly exhibiting indications of instability, and if it refuses to maintain the $1,000 level, it …

Ethereum‘s price is now on the verge of losing a 4-digit figure, as the bears appear to be poised to record a bearish close for the quarter. The ETH price underwent a round top price action to revisit the support at $1045. However, the price now has sliced through this level to confirm the resurgence …

Paying gas fees is a crucial component of exchanging crypto and mining digital assets yet remains a significant cost barrier for transactions. A prime example is the major cryptocurrency Ethereum, whose network incurs inherently high gas fees due to its high volume of transactions and token evaluation.