Ethereum price analysis: ETH drops further, swiftly looks to break $1,000?

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.

Timeline of Ethereum

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.

On June 28, Double Protocol submitted the EIP-4907 standard for the Leasable NFT Lease Marketplace to the Etherpad development team for review and approval. On Twitter, the platform confirmed that it was approved, marking the 30th standard that the Ether…

Blockchains play an important role in the crypto market. With Solana and Ethereum being two of the leading blockchains, they are also each other's biggest competitors. Whilst some users prefer to use crypto projects based on Ethereum and others Solana, let's compare how the two differ. Launchpads such as BoostX and TrustPad can help meet …

An NFT trader pulled off a supposed tax write-off "masterclass" by booking a 74.2 ETH profit at a $52,000 loss, and print-on-demand firm Pixels.com has rolled out NFT merch support.

The top 2,000 whales on the Ethereum ($ETH) network have increased their Shiba Inu ($SHIB) holdings to the point that the meme-inspired cryptocurrency is at the time of writing their largest non-stablecoin holding excluding Ethereum's $ETH, the network's native currency. According to data from whale monitoring service WhaleStats, these whales currently hold, on average, $217

Ethereum continued on a bearish path as the coin has now found support level at $1,100. Over the last two days the coin surged and touched the $1,200 mark but shortly after that, it witnessed a pullback on the chart.

According to a series of Tweets, the Norwegian government will dip its toes into leveraging blockchain technology. As shared in the Tweets, the Norwegian government will be utilizing Ethereum via Arbitrum for cap tables of private firms.

One crypto veteran says Solana (SOL) is currently going through a similar phase to what Ethereum (ETH) experienced four years ago. Crypto venture fund Variant co-founder Spencer Noon tells his 112,100 Twitter followers Solana's current issues won't matter a few years down the road. “It feels to me like SOL is going through a similar The post Crypto Venture Capitalist Says Solana (SOL) Going Through Same Bear Phase As Ethereum (ETH) in 2018 appeared first on The Daily Hodl.