Ethereum sees the highest P/L ratio in 5 weeks, thanks to…

Ethereum ETH has had a difficult journey in 2022. The altcoin saw a peak drawdown of -79.5% from its ATH, placing its most sell-off within the upper bound of previous bear market floors.

Timeline of Ethereum

As Logarithmic Finance (LOG) has been introduced to the cryptocurrency market, it has become the new talking point alongside Ethereum (ETH). Logarithmic Finance (LOG) is the new layer-3 switching protocol that aims to link investors and developers smoothly and efficiently

Ethereum price analysis is bullish today as we have seen a break above the $1,250 previous major resistance after bears failed to take over the momentum. Therefore, we expect further tests of upside to follow later today, likely leading to a strong higher local high set early next week.

In light of the recent crypto market crash, Ethereum [ETH] can be considered one of the worst-hit tokens. Given the performance of the token in the past couple of days, it can be hard to imagine the token back above the $1,000 support line.

On Friday (June 24), Jon Ramvi, founder and CEO of blockchain startup Symfoni, which is sponsored by Etheruem Foundation, said that “the Norwegian Government just announced that they are releasing a solution on public Ethereum.” A Twitter thread posted by Ramvi on June 24 had this to say about this solution (“a cap tables platform

The global cryptocurrency market is registering a broad recovery after witnessing a major collapse over the past month. This has led the Polygon (MATIC) token to record a massive gain of 60% over the past 7 days.

Just like Bitcoin, Ethereum also witnessed a sharp decrease in value in the past few months. The world's second most valuable crypto asset touched a low of almost $850 during the recent market sell-off.

Uniswap saw its native token UNI log massive gains this week as the DeFi exchange saw its volumes rival those of Ethereum, the blockchain it is built on. UNI jumped nearly 45% through the last seven days to $5.46, touching its highest level in over three weeks.

In the recent Ethereum Core Devs Meeting, the developers working on the Ethereum merge discovered many issues regarding the readiness of client teams for the merge.  Despite the issues, the developers remain confident to be able to deploy the merge on the Sepolia testnet by the 6th of July.

Yuga Labs has announced that it has filed a lawsuit against parties slandering the Bored Ape Yacht Club NFT project. The Bored Ape Yacht Club NFT project has been the victim of conspiracies that it has ‘racist' undertones.

Lido DAO token holders have commenced voting to determine whether the DeFi platform should reduce its staking pool. The post What Lido staking dominance may mean for Ethereum's future appeared first on CryptoSlate.