This is When Ethereum Traders Can Expect ETH Price Rally!

While the crypto market is struggling for a bull run, one of the most followed analytics firms, Santiment has come up with its analysis on Ethereum. As per the analysis, there is one factor that can ignite the bullish phase for ETH.

Timeline of Ethereum

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Key data Average number of Ethereum (ETH) transactions per day increased by 15.7% in July. Average Ethereum gas price decreased by 51.4% compared to June. Total number of active wallets increased by 72% in July compared to June. In July, the number of ERC-20 tokens created in the Ethereum network increased by 93.

Crypto analytics firm Santiment is revealing one factor that is likely to foreshadow the start of a bullish phase for Ethereum (ETH). Santiment says that the volume of Ethereum on exchanges has risen and a decline of the same would signal the start of a bullish cycle.

Ethereum (ETH) miners have seen higher revenue than Bitcoin (BTC) miners in 2022, as the crypto community welcomes the second half of the year. Despite the devastating effects of the Crypto winter noticed in the space and the surging cost of electricity, miners of both assets have not relented.

What happened: On Wednesday a total of 1,038.95 Ether (CRYPTO: ETH) worth $1,660,157, based on the current value of Ethereum at time of publication ($1,597.92), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.

Justin Sun, Tron's (TRX) founder, has revealed support for Ethereum's (ETH) proof-of-work (PoW) hard fork. The post Justin Sun's Poloniex supports Ethereum proof-of-work hard fork appeared first on CryptoSlate.

Ethereum price analysis is bearish today as we have seen consolidation after a brief retest of upside over the past 24 hours. Therefore, bears have gathered enough momentum to soon push ETH/USD towards the $1,500 next support.

Ethereum price analysis for the day indicates the extended sideways movement for the third straight session. A risk-averse market dumped the riskier asset and moved to safe haven financial instruments such as gold and the U.S dollar.

On Thursday (April 4), popular New Zealand based crypto analyst and influencer Lark Davis explained why Ethereum's “Merge” hard fork (which is when the Ethereum network is making the transition from proof-of-work to proof-of-stake) could be more important than some people realize.

The proposal wants the Frax DAO to agree to make its frax stablecoin redeemable purely on the Ethereum 2.0 chain post-merge. The post Frax Finance proposes rejection of any Ethereum proof of work fork appeared first on The Block.