Ethereum's native token Ether (ETH) could see yet another strong rebound in the sessions ahead as its price falls into a trading zone with a recent history of attracting buyers. The rising trendline has been triggering ETH's price rebounds since the beginning of October 2021 and comes as a part of a broader Ascending Channel range. As a result, Ether's path of least resistance has been to the upside despite pullbacks at the Channel's upper trendline, with its quarter-to-date returns currently sitting at over 38%. Most recently, the rising trendline was instrumental in limiting selloffs that followed the Ether price's …

While many pundits have labeled Solana (SOL) as an "Ethereum killer" due to its lower fees and faster transaction times, Solana Labs co-founder Raj Gokal said the project has no desire to kill the cryptocurrency — and wouldn’t be able to if it did. Gokal made the comments in response to a Nov.10 Twitter post from the co-founder of venture capital firm Placeholder, Chris Burniske who wrote that “despite pretty words, L1 knives are fully out. In crypto, generally, people want their biggest bags to win.” “This will influence almost all communications, so don't take what you see and hear …

The launch of ETH2 staking service Rocket Pool saw it hit its stage two cap in just 45 seconds according to the co-founder of hosting partner Allnodes Konstantin Boyko-Romanovsky. In its first two days of operations, Rocket Pool has registered 237 node operators across 42 global locations, with 1088 ETH staked. According to an announcement the platform now has Total Value Locked of 4000 ETH ($13.9 million USD) in value, including collateral from the platform’s Rocket Pool (RPL) token. Rocket Pool aims to become the “primary staking infrastructure for Ethereum, by providing a decentralized, easy to use staking network for …

The number of Ethereum addresses holding 32 or more Ether (ETH) reached a one-month low on Nov. 9. The number of Externally Owned Ethereum Addresses (EOA) fell to 108,949 compared to 108,965 on Oct. 22, according to data from Glassnode, a sign that traders and investors ignored the prospects of becoming validators on its upcoming proof-of-stake blockchain, dubbed Ethereum 2.0. In detail, staking in Ethereum 2.0 requires users to deposit 32 ETH into a designated smart contract address to become a full node validator. In doing so, the depositor gains the right to manage data, process transactions, and add new …

Crypto markets have hit the ground running right from the start of November and today a near uncountable number of tokens have rallied to swing highs as Ether (ETH) broke above the $4,500 level and Bitcoin recaptured the $64,000 level. Polkadot (DOT) also hit another all-time high as investors accumulate tokens leading into the upcoming parachain auctions. The climbing price of Ether comes following the recent Altair update to the Ethereum beacon chain as part of the protocol's transition to Eth2 and a proof-of-stake mechanism which has also seen more than 8 million Ether removed from circulation and staked in …

Bullish volatility is on the rise and the newfound bullish momentum saw multiple tokens breakout to fresh all-time highs as traders scramble to identify which coin might be the next to embark on a moon mission. As Bitcoin price rallied to $64,000, Ether (ETH) reached a new record high at $4,523. The move comes just days after the successful Altair upgrade to the Ethereum network and was the first update to the Beacon chain, which bring the newtork closer to the full rollout of Eth2. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $4,283 …

Facebook's decision this Thursday to rebrand itself to Meta—to indicate its plans to build an avatar-filled metaverse—helped spark a speculative rally across cryptocurrencies that belong to similar virtual world projects. Decentraland, a virtual place with its own economy, currency (MANA), and social events, accessible to anyone with a web browser, saw its market valuation exploding from $1.44 billion to $2.08 billion in the previous 24 hours. That happened as its native token MANA jumped circa 45% to $1.14 in the same period. At its intraday best, the Decentraland cryptocurrency was changing hands for $1.227 Friday, its highest level since May …

The price of Ethereum (ETH) has bounced to a new all time high (ATH) today as it hit $4,400.97 at around 1:02 am UTC, according to the ETH/USD price indexs on Coinbase and Coinmarketcap. At the time of writing, ETH is currently priced at $4,380, with the asset surging around 46.6% since the start of October. Coinmarketcap’s price index indicates that the previous ATH was only eight days ago, with the asset reaching a price of $4,308.48 on Oct. 21. ETH has been on a bullish tear since dropping to around $1,780 on July 21, and has since gained 147% …

Ether (ETH) has gained 950% in 2021 and from the look of things the altcoin has no intent of stopping. This can also be seen in the ultra-optimistic bets for October’s $1.25 billion options expiry. However, this phenomenon is not exclusive to Ether bulls. The right to acquire Ether at a fixed price in the future does not come at a cheap price. On Sep. 4, the $5,000 call option for Oct. monthly expiry was trading at ETH 0.082 which is equivalent to $320. Unfortunately, for the bulls, these options are now worthless. Gas fees on Ethereum transactions are still …

The Ethereum 2.0 Altair Beacon Chain update has gotten off to a successful start, with 98.7% of nodes already upgraded. On Oct. 27, Ethereum 2.0 developer Preston Vanloon tweeted that the Altair upgrade had been “activated successfully.” Altair is the first upgrade to the Beacon Chain since it went online in December 2020 and is likely the last before the merge with the Ethereum mainnet and the change to proof-of-stake. The upgrade brings light-client support to the core consensus, cleans up beacon state incentive accounting, fixes some issues with validator incentives, and steps up the punitive params (penalties for offline …

The price of Ether (ETH) nearly hit a new all-time high on Oct. 21 before falling below $4,000 after the $435-million options expiry on Oct. 22 soured the mood. The Ethereum network is set to take another step toward Ethereum 2.0 on Oct. 27 at epoch 74240 with the Altair upgrade to Beacon Chain. Eth2 will be an entirely proof-of-stake (PoS) network, for which the community has been gearing up for over a year now. As per an Ethereum Foundation blog post explaining the development, Altair is an update to the Beacon Chain that brings support for light clients, pre-validator …

“Sooner or later, ETH will outpace Bitcoin and become the global standard,” said Polygon co-founder Sandeep Nailwal in an exclusive interview with Cointelegraph. Nailwal believes that Ethereum will eventually become "the ultimate settlement layer" for the decentralized finance, or DeFi, space. Polygon will play a major role in ensuring the long-term success of Ethereum through its scalability solution. Despite increasing competition from other layer-one protocols, such as Solana, Nailwal believes it is still too early to talk about an “Ethereum killer.” “The Ethereum chain, because of its fundamentals, security, the level of decentralization, and the community and the trust that …