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Category: The Merge

Experts yet to explain massive spike in ETH active addresses

Experts yet to explain massive spike in ETH active addresses

On-chain metrics firm Santiment says it is still investigating the cause of a sudden surge of Ether (ETH) active addresses, which have eclipsed the previous all-time high (ATH) by a whopping 48% On Wednesday, the analytics firm tweeted that the number of daily active addresses on Ethereum had suddenly spiked…

Institutional ETH sentiment turns positive after 11 weeks of outflows

Institutional ETH sentiment turns positive after 11 weeks of outflows

Institutional sentiment toward Ether (ETH) appears to have shifted into positive gear, with digital investment products offering exposure to the asset having posted four consecutive weeks of inflows, according to CoinShares. Prior to this, ETH investment products had been on a lengthy 11-week run of outflows that saw the total…

Ethereum’s bearish U-turn? ETH price momentum fades after $1.6K rejection

Ethereum’s bearish U-turn? ETH price momentum fades after $1.6K rejection

Ethereum’s native token Ether (ETH) tumbled on July 26, reducing hopes of an extended price recovery. The ETH/USD pair dropped by roughly 5%, followed by a modest rebound to over $1,550. Ethereum gets rejected at $1,650  These overnight moves liquidated over $80 million worth of Ether positions in the last…

Ethereum price ‘cup and handle’ pattern hints at potential breakout versus Bitcoin

Ethereum price ‘cup and handle’ pattern hints at potential breakout versus Bitcoin

Ethereum’s native token Ether (ETH) has rebounded 40% against Bitcoin (BTC) after bottoming out locally at 0.049 on June 13. Now, the ETH/BTC pair is at two-month highs and can extend its rally in the coming weeks, according to a classic technical pattern. ETH paints cup and handle pattern Specifically,…

Ethereum fork a success as Sepolia testnet gears up to trial the Merge

The difficulty bomb-delaying Gray Glacier hard fork went live on Ethereum on Thursday without a hitch, according to the network’s core devs including Ethereum Foundation’s Tim Beiko. The Sepolia testnet is also set to run through its Merge trial over the next few days and is the second last testnet…