Research: Ethereum is recovering its dominance over stablecoins

One of the easiest way for investors to deleverage their positions is to turn to stablecoins. The post Research: Ethereum is recovering its dominance over stablecoins appeared first on CryptoSlate.

Timeline of Ethereum

Ethereum has experienced a mild setback after breaking the important barrier at $2,000 and continues to trade in the green over today's trading session. The cryptocurrency is leading the current crypto market relief and sees poised for further gains.

Crypto analytics firm Santiment is taking a close look at leading smart contract platform Ethereum (ETH) in advance of the project's upcoming shift from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism.

The risk-on mood has proved salubrious for the financial markets, and cryptocurrencies are no exception, especially Ethereum (CRYPTO: ETH), which has been a standout. Ethereum On A Tear: Since peaking at $4,891.70 on an intraday basis on Nov. 16, 2021, Ethereum was on a secular decline until January 2022.

Ethereum price analysis is bullish today as we have seen a strong advance towards the next major resistance at $2,000 after retracement failed yesterday. Therefore, we expect ETH/USD to continue even higher and look to reach further upside.

GTON Capital is moving the blockchain industry forward with solutions for the Web3 era. The world of crypto is new, and the most popular blockchains, namely Bitcoin and Ethereum simply aren't the right fit for global transactional currencies.

The Ethereum price analysis indicates a consolidation near the critical resistance level with a bullish bias. The price opened higher and tag the psychological $2,000 level for the first time since May 31.

Ethereum broke above the $2,000 range for the first time in two months, continuing its bullish run following the success of the final testnet merge. The post Ethereum (ETH) Enters $2000 Range as Merge Draws Nearer appeared first on BeInCrypto.

The Ethereum upgrade is all the hype these days and is highly anticipated due to the scalability and security it promises. After multiple tests ran successfully, people are hopeful of a smooth launch in September.  Ethereum 2.

Ethereum price is soaring high displaying acute strength while the rise in the Bitcoin price is providing a substantial base. Further, while the star crypto remains undisturbed to some extent, the second largest asset may get a chance to propel high.

The global digital asset market printed green indexes on Saturday as the largest crypto like Bitcoin (BTC) and Ethereum (ETH) grabbed an upward momentum. However, traders choose this as a good time to liquidate their funds.