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Day: November 28, 2022

Why Ethereum addresses holding more than 100 ETH increased suddenly

cryptocurrency November 28, 2022

Ethereum addresses holding more than 100 ETH increased in the past weeks Staking rewards and the current price of ETH might be a motivation for the increased accumulation The price of Ethereum [ETH] has fluctuated between extreme highs and lows during the last few months, making investors less eager to invest in the coin. Nevertheless, […]

Ethereum Insiders Settle Wrapped Ethereum (WETH) Insolvency FUD

cryptocurrency November 28, 2022

Rising concerns began circulating on Nov. 26 regarding Wrapped Ethereum (WETH) becoming unpegged with ETH. Some speculated that WETH wasn’t backed 1:1 by ETH, which gave rise to insolvency fears. Ethereum developers and influencers stepped in to conclude the situation, calling it FUD. Advertisements Recent price corrections triggered by the collapse of FTX exacerbated fears […]

Ethereum Price Could Avoid a Major Drop if it Closes Above $1,250

cryptocurrency November 28, 2022

Ethereum failed to clear the $1,250 resistance against the US Dollar. ETH is moving lower and might decline heavily if it breaks the $1,140 support. Advertisements Ethereum struggled to gain pace for a move above the $1,250 resistance level. The price is now trading below $1,180 and the 100 hourly simple moving average. There was […]

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