In 2 Months the Top Smart Contract Tokens Gained 44% Against the Greenback Ahead of Ethereum's Merge

With The Merge coming next week and Cardano's Vasil hard fork commencing soon after, the market capitalization of the top smart contract tokens by valuation increased 1.19% during the past 24 hours to $316 billion on September 11, 2022. Moreover, the market capitalization of the top smart contract crypto assets today has increased 44.

Timeline of Ethereum

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Ethereum [ETH] registered an over 24% hike in the last two weeks after taking a u-turn from its two-month support around the $1,442-zone.

Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin has in the past openly shown his support for Ukraine in its fight against the Russian invasion. The crypto entrepreneur recently attended the three-day "Kyiv Tech Summit" that concluded on Friday, according to CoinDesk.

BitMEX co-founder Arthur Hayes has given an upside target for leading smart contract platform Ethereum (ETH) as it approaches the highly anticipated upgrade to proof of stake. In a new interview with Bankless, the crypto veteran says he's bought call options for ETH with a strike price of $3,000.

According to on-chain data, as the merge approaches, the dominant behavior across the Ethereum network is to HODL. The post Research: As the merge approaches on-chain data suggests ETH used as store of value appeared first on CryptoSlate.

Ethereum increased by 25% in the past few days and seems to be a step away from shattering the line that has followed the price since its all-time high was registered in November 2021. Technical Analysis By Grizzly The Daily Chart Ethereum has reached an obstacle on the daily chart.

In roughly three days Ethereum is expected to transition from a proof-of-work (PoW) blockchain network to a proof-of-stake (PoS) version via The Merge. Ahead of the transition, the liquid staking project Lido has seen a lot more activity as the value locked in the protocol increased by more than 13% this week.

Optimism's OP was not left behind as the rest of the market registered double-digit price upticks over the past week. In fact, according to CoinMarketCap, the price of the Layer 2 (L2) token rallied by 16% over the last seven days.

Ethereum price analysis is bearish today as we have seen another quick spike higher and further consolidation during the day. Therefore, buyers are likely finally exhausted, and ETH/USD is ready to retrace next week.

The Ethereum price witnessed a significant dip as the overall market corrected during the second half of August. However, the altcoin obtained a suitable footing at $1400 support and resumed the prevailing recovery.

Hudson Jameson looks back on his years helping to coordinate Ethereum developers around the world — ahead of Ethereum's big upgrade. The post Ethereum's cat herder: Hudson Jameson reflects on the journey to The Merge appeared first on The Block.