Download App

iOS & Android

Bitcoin $67,795.29 +0.74%
Ethereum $2,618.22 -0.35%
BNB $595.35 -1.07%
Optimism $1.69 -2.18%
Arbitrum $0.55 -1.00%
Solana $152.59 -0.56%
Polygon $0.37 -1.09%
Cosmos $4.33 -2.09%
Avalanche $27.54 -1.39%

ETH Plummets 10% in a Week on FTX Drainer Swaps, Where’s the Bottom? (Ethereum Price Analysis)

After a significant crash in the cryptocurrency market due to the FTX bankruptcy, Ethereum’s price has dropped to a decisive support level of $1K.

A further decline is expected if the mentioned level fails to hold. The upcoming price action should determine Ethereum’s mid-term direction.

(by Crypto VizArt)

Ethereum

Original Link

Comments

All Comments

Recommended for you

Cointime精选 ·

Are we finally ready for a gas limit increase?

There has been growing discussion around the possibility of increasing Ethereum’s gas throughput, either by raising the gas limit or reducing slot time. The key argument in favor of this is that the hardware requirements for running a validator have steadily decreased over the past four years.
Cointime August 17th News Express

1.VanEck and 21Shares Solana ETF Form 19b-4 Suspected to be Removed from CBOE Website
Ethereum network gas fee falls back below 1 gwei

According to Etherscan data, the current Ethereum network gas fee has fallen below 1 gwei, currently at 0.937 gwei.
Cointime August 11st News Express

1.Fed Governor Bowman: Be cautious about rate cuts
Cointime August 10th News Express

1. The U.S. Internal Revenue Service has released a new draft of the crypto tax form, which no longer requires filling in wallet addresses and transaction IDs
Ethereum ACDC #139: Pectra's Devnet 2 upgrade is under debugging, and the release date of Devnet 3 is still to be determined

Christine Kim, Vice President of Galaxy Research, summarized the main content of the 139th ACDC conference call. The debugging of Pectra's upgraded Devnet 2 is currently underway, and the release date of Devnet 3 is yet to be determined. Developers will hold weekly testing update meetings starting from Monday to better coordinate the release of Pectra's Devnet. The decision to include EIP-7688 in Pectra's upgrade has been postponed again.
Ethereum network gas fee drops to 1 gwei

According to Etherscan data, the current gas fee on the Ethereum network has dropped to 1 gwei.
DApp activity on the Ethereum chain has increased by 55% in the past 7 days, and TVL has reached its highest point since November 2022

According to DappRadar data, DApp activity on the Ethereum network increased by 55% in the past seven days. The surge in activity on the Ethereum network was mainly driven by Uniswap, followed by 1inch Network and CoW Swap. Other notable contributors include Curve, Instadapp, and Morpho Optimizers.
Cointime August 4 News Express

1.Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX
Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX

According to the monitoring of on-chain analyst Yu Jin, Jump Trading may be selling ETH: they are currently redeeming a wstETH (120,000 pieces) worth $410 million in batches into ETH and then transferring it to exchanges such as Binance/OKX. So far, they have unpacked and redeemed 83,000 wstETH into 97,500 ETH in the 9 days since July 25. Among them, 66,000 ETH (191.4 million US dollars) have entered the exchange.At present, there are still 37,600 wstETH in their wstETH storage address that have not been transferred out; 11,500 stETH in the redemption ETH address is being redeemed into ETH; and 20,000 ETH in the ETH transfer address to the exchange are waiting to enter the exchange in batches.

Daily Must-Read

Popular Activities

Delysium $AGI & AI Private Yacht Party

March 27 - March 27

Seoul

Recently Searched

Hot Coins

Trending

Daily Must-Read

Welcome Back

Join CoinTime

Sign in with email

Sign up with email

Check your inbox

ETH Plummets 10% in a Week on FTX Drainer Swaps, Where’s the Bottom? (Ethereum Price Analysis)

(by Crypto VizArt)

All Comments

Recommended for you

Are we finally ready for a gas limit increase?

Cointime August 17th News Express

Ethereum network gas fee falls back below 1 gwei

Cointime August 11st News Express

Cointime August 10th News Express

Ethereum ACDC #139: Pectra's Devnet 2 upgrade is under debugging, and the release date of Devnet 3 is still to be determined

Ethereum network gas fee drops to 1 gwei

DApp activity on the Ethereum chain has increased by 55% in the past 7 days, and TVL has reached its highest point since November 2022

Cointime August 4 News Express

Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX

Daily Must-Read

Uniswap Labs, UNI holders could make $468M a year from new L2: DeFi Report

Avalanche Foundation to buy back nearly 2M AVAX sold to Terra in 2022

Gold Fever Hits Costco: 77% of Stores Sell Out Amid Soaring Demand for Bullion

$500M Bitcoin Buried in Landfill: Man Sues City After Decade-Long Battle for Recovery

Former BAYC creative director Jeff Nicholas joins Meta’s Reality Labs

Why is Solana's Dogwifhat (WIF) memecoin crashing?

Popular Activities

Delysium $AGI & AI Private Yacht Party

Popular Tags

Share