Ethereum Rises Above This Major Level; XDC Network, Nexo Among Top Gainers

Bitcoin (CRYPTO: BTC) traded slightly lower, but the cryptocurrency prices traded above the key $28,000 level on Tuesday. Ethereum (CRYPTO: ETH), meanwhile, moved higher, trading above the $1,800 mark this morning.

Timeline of Ethereum, Nexo, Xinfin-network

The second-largest crypto asset by market cap, Ethereum (ETH), has more upside potential, according to analytics platform Santiment. The crypto analytics firm says that Ethereum is likely to soar above the $2,000 price after hitting a high last reached seven months ago over the weekend. “Ethereum's price hadn't eclipsed $1,840 since August 18th.

Very positive crypto news for the blockchain industry: the market capitalization of Lido's staked Ether has increased to $10.3 billion, with the cryptocurrency posting significant gains over the past week and Ethereum's price up 11.9%.

With the crypto market rally slowing down already, digital assets in the space such as Ethereum (ETH) are already recording a decline in their prices. The second-largest cryptocurrency by market cap has closely followed the downtrend started by Bitcoin, falling once more to the $1,700 level.

More than $1 billion of ether (ETH) has been permanently lost due to software bugs and human error. The revelation comes from a study by Conor Grogan, Coinbase's director of product strategy and business operations.

On March 20, Euler Finance hacker sent a message to an Ethereum (ETH) address associated with the DeFi platform. In response, Euler issued an on-chain ultimatum demanding the return of the funds.

Ethereum recently dipped below $1,800 but is expected to gain traction ahead of the anticipated Shanghai upgrade. The surge in DeFi activity following the banking crisis, which led to investors moving funds into Ethereum-based DeFi protocols, signals a potential bull rally.

On 20 March, Euler Finance's hacker sent a message to an Ethereum [ETH] address related to the DeFi platform. After Euler issued an on-chain ultimatum demanding the funds' return, the hacker offered to start a dialogue.

A popular crypto analyst known for calling the 2018 Bitcoin (BTC) bottom thinks Ethereum (ETH) is primed for a breakout. Pseudonymous trader Smart Contracter shares a chart with his 221,700 Twitter followers that suggests Ethereum could shoot up past the $1,900 range in short order.

Over the last few months, layer two (L2) protocols on the Ethereum [ETH] blockchain have gained noteworthy recognition. Needless to say, a project like Optimism [OP] sustained being the star among many.

Ethereum (ETH) price has shown signs of a potential downturn as it reached an exhaustion of bullish momentum, signaling a possible drop in the near future. According to analysts, ETH has produced a clear sell signal, indicating a shift in the cryptocurrency's trend.