Ethereum Price Struggles to Break Above $1,840 Resistance Level
The price of Ethereum is currently facing resistance near the $1,840 zone and is trading below $1,810 and the 100-hourly Simple Moving Average. However, if it clears the $1,825 and $1,840 resistance levels, it could attempt another upside break and rise towards the $1,920 level. On the downside, initial support is near the $1,785 level, with the next major support at the $1,770 zone. The MACD for ETH/USD is losing momentum in the bearish zone, while the RSI is below the 50 level.
The Total Number of Ethereum Beacon Chain Validators Exceeded 580,000
According to data from the official website of Ethereum, the total number of validators on the Ethereum beacon chain has exceeded 580,000, reaching 580,189 at the time of writing. In addition, the total number of ETH pledges on the current beacon chain has reached 18,478,789, and the APR is 4.97%.
VitalikButerin Publish Blog Posts : Don't overload Ethereum's consensus
The article argues against overloading Ethereum's consensus with external applications and protocols, as it poses high systemic risks to the ecosystem.
Ethereum Struggles with 100-Day Moving Average, Price Action Indecisive
Ethereum has been struggling to break through its 100-day moving average at $1772, and its recent price action has failed to indicate a clear direction, leaving the market uncertain. The cryptocurrency faces two critical support levels at $1772 and $1.7K, and a break of the latter could trigger a cascade as long positions get liquidated and selling pressure soars.
Bitcoin and Ethereum Prices Remain Flat As SEC Holds Firm on Regulatory Stance, While Ripple Scores Small Courtroom Victory and Launches CBDC Platform
Bitcoin and Ethereum prices have remained stable for the third consecutive week as the SEC continues to assert its position as the industry's lead regulator. Ripple's XRP saw a notable increase of 9.4% after a small courtroom victory against the SEC in its ongoing lawsuit. Litecoin also experienced a significant increase of 13.2% due to the popularity of Ordinals Inscriptions.
Bitcoin and Ethereum Supply on Exchanges Reaches Record Lows, Triggering Speculation about Potential Impact on Crypto Market
The circulating supply of Bitcoin (BTC) and Ethereum (ETH) has reached record lows, with a significant decrease in the amount of BTC and ETH held on exchanges. This suggests a shift in investor behavior, with crypto investors actively buying and withdrawing their coins from exchanges and opting for alternative storage methods. One key reason behind the declining supply of BTC and ETH on exchanges is the increasing popularity of staking, which provides ETH holders with the opportunity to stake their coins and participate in securing the network while earning rewards. The dwindling supply of Bitcoin and Ethereum on exchanges could have significant implications for the broader cryptocurrency market, suggesting a decreasing selling pressure and potentially driving up the prices of both Bitcoin and Ethereum.
Topia Launches First Layer2 Shared Data Availability Layer Protocol for Ethereum's Layer2 Interconnection
Topia has launched the first Layer2 shared data availability layer protocol at the Montenegro Edcon Super Demo, which aims to create an interconnected data availability layer for Ethereum's Layer2 and connect data availability for thousands of future Layer2s. Unlike other DA projects, Topia is creating a shared DA layer for all future Ethereum Layer2s, seamlessly integrating with Ethereum's mature Layer2 and developer ecosystem. Topia's future vision is to achieve two phases of goals for the Ethereum ecosystem: First, to provide a shared DA layer specifically optimized for Ethereum Layer2; Second, to enable data communication between Layer2s, realizing "Layer2 Data Interconnection"! This will allow for unique "cross-Layer2 data applications" to grow, ranging from NFT and NFT exchanges across all Layer2, to social media, personal data markets, and blockchain games, and so on.
"Casa Sees Growing Demand for Ethereum Self-Custody Solutions Amidst Rising Awareness on Secure Storage"
The demand for self-custody solutions for Ethereum is increasing, according to Jameson Lopp, co-founder and CTO of Bitcoin wallet provider Casa. Lopp revealed that Casa has seen more Ethereum users seeking their services, prompting the company to extend its support to Ethereum. The collapse of FTX in 2022 and similar incidents have raised awareness about the importance of securely storing Ethereum and Ethereum tokens like stablecoins. To address this concern, Casa integrates best security practices directly into its product, making it easier for users to follow instructions and minimize the risk of catastrophic losses resulting from human error. Casa plans to create a user-friendly self-custody wallet to encourage more individuals to take control of their crypto assets.
"Arbitrum, Optimism, Binance Coin, and Sui: Evaluating Promising Crypto Investments"
DigiToads is an ERC-20 altcoin that aims to increase its value by 30x by 2023 by creating a community and unique financial structures. The project rewards TOADS holders with in-game purchase funds and NFTs in the DigiToads universe can generate rewards for stakers. DigiToads also donates a portion of its profits to environmental charities. Arbitrum is a Layer 2 scaling solution for Ethereum that could potentially drive demand for its ARB token. The project is backed by Offchain Labs, which has raised a substantial amount of funding, making it an intriguing investment opportunity. Optimism is another Layer 2 scaling solution for Ethereum that offers promising aspects, including its position in a rapidly growing sector of the cryptocurrency market and its adoption by large companies. Experts predict a positive trajectory for the OP token, making it a potentially excellent long-term investment.
15 Promising Cryptocurrencies for 2023: Industry Experts Encourage Buying Positions Above $26,750
The price of Bitcoin has remained steady at $26,800, prompting speculation about whether it will reach $30,000. However, both Bitcoin and Ethereum have experienced declines due to negative market sentiment influenced by ongoing discussions on the debt ceiling, regulatory uncertainties, and the strength of the US dollar. Decreased Bitcoin trading activity and uncertainty have also impacted price sentiment, potentially leading to a price decline. Despite this, Bitcoin still holds the top position on CoinMarketCap with a live market capitalization of $521.6 billion. Cryptonews Industry Talk has compiled a list of 15 promising cryptocurrencies to watch in 2023, with strong potential for growth in the near and distant future. Readers can also find the best price to buy/sell cryptocurrency through the Cryptocurrency Price Tracker provided by Cryptonews.
