Ethereum Tops This Key Level; Axie Infinity Emerges As Top Gainer

Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the $34,600 level on Monday. Ethereum (CRYPTO: ETH) also recorded gains, trading above the key $1,800 mark this morning.

Timeline of Axie-infinity, Ethereum

Technical Analysis By Shayan Last week, Ethereum displayed an interesting sign by surpassing the 100-day moving average, indicating the growing interest. However, a significant hurdle lies ahead, represented by the 200-day moving average.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been making significant strides in recent weeks, riding on the wave of positive developments in the crypto industry.

Crypto analyst Ali Martinez, who often publishes crypto charts for particular coins and comments on them on his X app profile, has shared this time a screenshot with an Ethereum chart provided by IntoTheBlock to answer the question as to when Ethereum is likely to begin surging.

In this article, we tell the story of David Theodore, a security researcher who works every day to secure the Ethereum blockchain by looking for any vulnerabilities in the network and preventing attacks or hacks.

U.S.-based crypto startup company Nocturne Labs raised $6 million in seed funding with Bain Capital Crypto and Polychain Capital co-leading the round. Ethereum co-founder Vitalik Buterin, Bankless Ventures, Hack VC and Robot Ventures are among the other participants.

Polygon Labs has taken a huge step toward realizing Polygon 2.0. The scaling technology firm has successfully launched smart contracts of the project's next-generation token, POL, on Ethereum.

This week, Bitcoin and other altcoins livened up the crypto market, potentially lifting up Ethereum price and saving it from further collapse. With ETH now moving away from the bottom trend line of a massive long-term price pattern, the next possible target is the upper trend line of the same pattern.

The code repository of the Coinbase-backed Ethereum (ETH) layer-2 scaling solution Base is now accessible to everyone. In a series of tweets on social media platform X, the team behind the network says all of Base's contracts and scripts are already publicly available on GitHub. “One of Base's core values is building in the open.

Ethereum price is still trading below all the key bull market indicators despite Bitcoin's rally to $30,000 this week. The second-largest cryptocurrency is trading below its $1,600 support/resistance on Thursday and might need to drop further to sweep through fresh liquidity preferably at $1,500 and build the momentum for a rebound.

3iQ, Canada's first Bitcoin (BTC) fund issuer, revealed that its Ethereum-based (ETH) exchange-traded funds (ETF), The Ether Fund and the 3iQ Ether Fund, will begin staking their ETH holdings for rewards, according to an Oct. 19 statement.