Ethereum Price Analysis: Top Techniques Uncovered

Discover the top techniques profitable traders use for Ethereum price analysis, including fundamental, technical, and sentiment analysis. Learn about the factors influencing Ethereum's price and various tools that help make informed trading decisions.

Timeline of Ethereum

Two Ethereum (ETH) developers are sounding off on a new European stablecoin that recently launched on the top smart contract platform. The pseudonymous ETH developer known as 0xfoobar tells their 128,000 Twitter followers that the new stablecoin, which launched in France, has an inefficient transfer mechanism and the worst coding they've ever seen.

Data from a research firm has revealed that nearly 80% of the Ethereum staking rewards have been withdrawn since the Shanghai upgrade. 1.5 Million ETH In Total Has Been Withdrawn Since Ethereum Shanghai Upgrade In September 2022, Ethereum finally switched towards a Proof-of-Stake (PoS) consensus mechanism.

Société Générale Forge (SG Forge), the digital asset subsidiary of the prominent French banking firm Société Générale, has unveiled a new stablecoin, CoinVertible ($EURCV), pegged on the Euro. The stablecoin was launched on the Ethereum blockchain, and will be exclusively available for qualified institutional clients.

After the successful implementation of the Shanghai upgrade, Ethereum has reached an 11-month high above $2,000, leading to speculation that its extended bearish trend may finally come to an end. However, the recent macro news regarding interest rate hikes has wiped out all the recent gains and plunged the leading altcoin near $1.9K.

In a recent interview on CNBC's Squawk Box, former SEC Chairman Jay Clayton provided his insight into the ongoing debate about whether Ethereum (ETH) should be considered a security.

The hype around meme-inspired cryptocurrency has caused a spike in the price of Ethereum gas in recent days. The rising demand for transactions on the Ethereum network is a direct effect of the rising value of these tokens.

Kraken is leading the second wave of full-staked Ethereum (ETH) withdrawals, according to Nansen's dashboard. Nansen's data journalist Martin Lee said the U.S.-based crypto exchange has withdrawn over 330,000 ETH.

The Ethereum price analysis is bearish for today as the coin faced rejection at $1,979, and the bears got control once again. Their efforts have been successful, as the price covered a downward range of up to $1,918 before settling down in the current area.

Ethereum Price Prediction: On April 13th, the Ethereum coin price gave a bullish breakout from the crucial psychological resistance of $2000. This breached level was supposed to bolster buyers for further recovery but the broader market sell-off plunged the price back below the $2000 mark again.

According to a recent report by IntoTheBlock on-chain data service, since the Shapella upgrade occurred on Ethereum chain recently, investors have not only begun to withdraw their formerly locked ETH but began depositing Ethereum even more actively than before.