Real Capitulation Will Kick Off When Ethereum (ETH) Plunges Below This Critical Level, Warns Top Crypto Analyst

A popular crypto analyst says Ethereum (ETH) could undergo a massive correction once it dips below a key psychological level. Pseudonymous analyst Capo tells his 336,100 Twitter followers the price of Ethereum could plummet significantly once the $1,700 support is breached. “When ETH breaks $1,700, the real capitulation starts.” Ethereum is trading for $1,811 at The post Real Capitulation Will Kick Off When Ethereum (ETH) Plunges Below This Critical Level, Warns Top Crypto Analyst appeared first on The Daily Hodl.

Timeline of Ethereum

With the release of Connect, the Aztec team wants to position Connect as a privacy-preserving alternative to competing Layer 2s. The post Aztec updates its Layer 2 network to introduce privacy-focused DeFi on Ethereum appeared first on The Block.

Today, June 9, the Ethereum (ETH) price has found a calmness. It's all due to successful implementation of the merge on one of its former testnets. Ethereum has risen slightly in the previous 24 hours to recapture the $1800 mark. This comes just after a few days of dramatical rejection from $2000. The proof-of-stake (PoS) …

Ethereum Network activity is a good metric to define and understand ETH measurements and their directions. Whereas bear trends are indicated by lower lows and uptrends are indicated by higher highs.  The Ethereum market is continuing with its downtrend as the number of ETh addresses have continued to drop, as reported by Glassnode. Ethereum transaction …

The Ethereum merge upgrade goes live today on the Ropsten Testnet and it is transitioning to a proof of stake algorithm so let's have a closer look at our latest Ethereum news. Ethereum's merge as the blockchain's most awaited transition from the current proof of work to a proof of stake will be a step

NFT developers just got a new building tool as the bear market rages on. According to NFbarter project founder, Mr. Leo Viturin: “Our team has just launched what the company bills as a web3 marketplace protocol for safely and efficiently buying and selling NFTs. The protocol will allow for a more varied and specific NFT …

Ethereum ETH/USD is one of the largest cryptocurrency networks and blockchain platforms that has gathered a reputation due to the fact that it was one of the first to implement smart contracts. This ultimately paved the way for decentralized finance (DeFi), decentralized applications (dApps) as well as non-fungible tokens (NFTs). The Ropsten proof-of-stake merge as The post Ethereum's Ropsten PoS merge goes live; what does this mean for ETH? appeared first on Invezz.

Ethereum (ETH) prices stabilized on Thursday after the blockchain successfully deployed the merge on one of its oldest testnets. ETH rose mildly in the last 24 hours to reclaim the $1800 level.

The Ropsten test network (testnet) -- also referred to as Ethereum (ETH)'s first dress rehearsal for the upcoming Merge, when the current Ethereum Mainnet will merge with the beacon chain proof-of-stake (PoS) system -- successfully went through The Merge yesterday.

The second-largest blockchain Ethereum has gotten a step closer to transitioning to a proof-of-stake (PoS) consensus mechanism as the core developers successfully merged the network's Ropsten testnet to the Beacon chain late Wednesday.  Ropsten initially launched in 2016, and it's currently the oldest testnet on Ethereum.

The Ropsten Merge is a crucial step that must be taken before making Ethereum's transition to the Consensus Layer- also known as ETH 2.0- this August. For instance, it gives developers the review of how things will look in the future, after its complete transition to a less energy-intensive PoS algorithm mechanism. The successful transition …