Ethereum Tanks 6% With Massive ETH Moving to Exchanges, Is A Sell-Off Incoming?

After a relief rally earlier this week, the border crypto market loses steam once again. The world's second-largest cryptocurrency Ethereum (ETH) has tanked 6% today moving close to $1800 levels.

Timeline of Ethereum

Ethereum is likely to take lead over Bitcoin, according to the CEO of Soros Fund Management, Dawn Fitzpatrick. She noted that the climate condition could become a global concern in the coming years, and might prevent people from adopting Bitcoin, due to its network that utilizes an energy-consuming proof-of-work consensus algorithm.

Ethereum's Ropsten testnet successfully launched its proof-of-stake (PoS) beacon chain on May 30 as the highly anticipated merge of the network draws nearer. The post Ethereum's Ropsten testnet beacon chain goes live, set for June 8 merge appeared first on CryptoSlate.

Ethererum‘s much-anticipated “Merge” seem to be closer than ever. DeFi investors are hoping that Ethereum's ‘Merge' will pull the crypto market out of its current bear market.

The average Ethereum network fee has dropped to the lowest value recorded in over ten months, after fees hit a low of $2.96 per transaction on Sunday afternoon (ET). The last time ethereum transfer fees dropped below the $3 mark was last year on July 11, 2021. Moreover, median fees are even cheaper, as the

Ethereum is finally moving to proof-of-stake this year, and with that, the aim is to: “Ultimately address some of the gas fee issues.” One of the primary methods to reduce gas fees are layer-2 solutions.

Ethereum slipped again and in the past week, it lost about 10% of its value. The bears enhanced their position on the market because the buyers left the market so what's the next trading level?

A prominent market intelligence firm says that Ethereum's (ETH) gas fees have dropped to levels not seen since the crypto markets collapsed in May of 2021. In a new report, Santiment says that the depressed gas fees on Ethereum suggests that interest in using the leading smart contract platform have significantly declined. “Ethereum fees are The post Ethereum Gas Fees Dropping to Extremely Low Levels, According to Analytics Firm – Here's What It Means appeared first on The Daily Hodl.

While the Bitcoin price witnessed a minor consolidation, the Ethereum(ETH) price lost more ground this week and tumbled to yearly support of $1721. However, the altcoin is bullish on the weekend and may retest the breached $1900 support to validate further downfall.

LIDO considers introducing limits to the protocol share of ETH because the growing amount of the staked ETH Is creating some centralization issues so let's read more today in our latest cryptocurrency news. Lido considers introducing limits on how much of the ETH market share It can stake and the proposal came over the concerns

With the Ethereum merge coming, the stakes are only getting higher since the outcome of it can have huge implications for all of the crypto so let's read more today in our latest Ethereum news. Crypto holders await to see the end of May which is a month that brought nothing more than losses.