ETH Bears Might Not Be Done: On-Chain Observations Suggest Sell Pressure Continues
June 21 (Cointime) - After a brief surge in the second week of June, Ethereum (ETH) has given up some of its recent gains and its on-chain observations suggest that ETH bears may not be done. ETH's median transaction volume has fallen to a 5-month low, indicating that sell pressure is increasing.
Ethereum Price Shows Positive Signs Above $1,770, Could Gain Bullish Momentum
June 21 (Cointime) - The price of Ethereum is displaying positive signs above $1,770 against the US Dollar and could gain bullish momentum if it clears the $1,820 resistance zone. Ethereum is currently trading above $1,770 and the 100-hourly Simple Moving Average, with a major bullish trend line forming with support near $1,735 on the hourly chart of ETH/USD.
Bitcoin and Ethereum Prices Rise as Aave's v3 Platform Sees 15% Increase in Total Value Locked
June 21 (Cointime) - Bitcoin and Ethereum prices have surged in Asia trading, with Bitcoin up 5.8% to $28,359 and Ethereum up 3.4% to $1,793. Bitcoin's market share has also exceeded 50% for the first time in two years.
Ethereum Market Cap Surpasses All Altcoins for First Time Since February 2021
June 21 (Cointime) - For the first time since February 2021, Ethereum's market capitalization has surpassed that of all altcoins in the crypto market, including major projects like Solana and Cardano.
Co-founder of Ethereum Infrastructure Service Flashbots Warns of Challenges and Departs Company
June 20 (Cointime) - Co-founder of Ethereum infrastructure service Flashbots, Alex Obadia, is leaving the company and warning of challenges ahead. In a letter posted to Twitter, Obadia stated that the system is still vulnerable to centralization from cross-domain MEV and exclusive orderflow. Flashbots proposes blocks for validators running the Ethereum blockchain and was formed to battle negative consequences of MEV extraction techniques. Obadia said he is leaving for personal reasons and believes his vision and values will be better served elsewhere.
Omni: Origins Testnet Launch
June 21 (Cointime) - Getting started today by joining the Origins Testnet for the L1 network that will begin to power Ethereum’s entire rollup ecosystem. Get early access by joining the Omni Missions channel on discord today. As a reminder, Community members who complete the most missions will have access to a special set of the latest testnet functionality as the network grows.You can access the Omni Origins Testnet Faucet here.Our first application was built with Autonomy Network as an early demonstration of the power given to users through the Omni network.
Survey Finds 96% of Professional Investors Keen to Invest in Crypto, with Positive Outlook on Bitcoin and Ethereum
June 20 (Cointime) - A survey conducted by Laser Digital, a digital asset business backed by Nomura, found that 96% of professional investors are interested in investing in crypto.
Global Market Cap Records Mild Gain as Bitcoin Prepares for Bull Run Consolidation
June 20 (Cointime) - The global market cap has increased by 0.8% in the latest trading session, reaching $1.08T. Bitcoin's price has risen by 1.3% to $26,821, with a weekly gain of 2.8%. The Bollinger bands indicate reduced volatility on Bitcoin, while the relative strength indicator and MACD indicator suggest a bullish trend.
Ethereum Price Holds Steady Above $1,700, Bullish Momentum Possible
June 20 (Cointime) - The price of Ethereum is exhibiting positive signs above $1,700 against the US Dollar and may gain bullish momentum if it surpasses the $1,750 resistance zone. Ethereum is gradually increasing above the $1,700 and $1,720 resistance levels, trading above $1,720 and the 100-hourly Simple Moving Average.
Another Whale Withdraws $17.3 Million From Binance
June 20 (Cointime) - According to Lookonchain, another whale withdrew 10,000 Ethereum (worth approximately $17.3 million) from Binance about 40 minutes ago.The details of the transaction can be viewed at the following link: <a href="https://etherscan.io/address/0x9c091e66aec6b477194d2ef7d5ad52be0a24d3ee">https://etherscan.io/address/0x9c091e66aec6b477194d2ef7d5ad52be0a24d3ee</a>.This is another large withdrawal event that Binance has recently experienced, which has attracted widespread attention from the market.
