Ethereum has surged 20% in the past 24 hours, trading at $2,209 as of press time, in one of its sharpest short-term moves this year. The rally was backed by a sharp rise in trading activity, especially in the derivatives market, whose volume jumped 184%, as per Coinglass data. Open interest in Ethereum (ETH) futures…
After years of underperformance, Ethereum’s price gap with Bitcoin could pave the way for a long-awaited rebound, analysts say. Ethereum (ETH) has been struggling for the past five months, losing momentum to both Bitcoin (BTC) and other altcoins. Despite this, there’s hope that May, historically Ethereum’s strongest month, could bring a shift in momentum. Since…
Despite the successful implementation of the Pectra upgrade, the market response has been notably muted as ETH price recorded only a modest 5% uptick. What’s holding back ETH price? Ethereum (ETH) successfully implemented the Pectra upgrade on May 7, yet the market’s reaction was underwhelming. On the day of the upgrade, ETH opened at $1,849…
Linea now covers layer-2 gas fees for bridges from Ethereum, though the offer excludes USDC transfers, high-gas transactions, and doesn’t waive layer-1 fees. Blockchain network Linea is now covering layer-2 gas fees for users bridging assets from Ethereum (ETH) mainnet, aiming to make onboarding faster and simpler. In an X post on May 7, Linea…
Newly released documents show the New York Attorney General urged the SEC to classify Ethereum as a security. This urgency was evident during the SEC’s 2023 enforcement action against crypto exchange KuCoin. However, the SEC ultimately declined to publicly state that position. The documents, made public by Coinbase through a Freedom of Information Act request,…
Ethereum’s latest update could make DeFi protocol feel like normal apps, and boost ETH in the long run, says P2P.org’s executive. For the past year, Ethereum (ETH) has been steadily losing dominance to other altcoins, as well as Bitcoin. Layer 2 networks are eating into Ethereum’s revenue, causing some traders to question the network’s evolving…
Ethereum has been struggling to keep up with the rest of the market. However, its upcoming Pectra upgrade may be the catalyst it needs. Ethereum’s (ETH) Pectra upgrade, scheduled for this week, has been on traders’ radar for some time. On Tuesday, May 6, Tracy Jin, COO of MEXC, shared her insights with crypto.news on…
The total stablecoin market cap in the Ethereum ecosystem has jumped approximately 1 million-fold since the token reached $1,400 for the first time in January 2018. According to data on DeFi Llama, the ETH (ETH) stablecoin market cap has gone up to around $124.5 billion on May 6. However, it has declined by 0.08% or…
Ethereum is holding firmly above the $1,793 support as the highly anticipated Pectra upgrade approaches on May 7. After weeks of sideways trading, the $1,793 support has become a critical zone, and its ability to hold could dictate Ethereum’s (ETH) next move. Ethereum now faces a potential turning point after a difficult start to the…
Ethereum has been grinding against the $1,850 level for over a week, unable to break free due to a lack of momentum. Multiple technical barriers converge here, explaining the sustained struggle. Over the past several trading sessions, Ethereum’s (ETH) price has repeatedly tested, and failed to clear, the $1,850 area. This isn’t mere indecision: it’s…
