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Day: May 12, 2024

Can Ethereum bulls take bears out of the market?

cryptocurrency May 12, 2024

The positive reading of the bulls and bears indicator suggests that the price might increase. Ethereum’s network was overvalued and could hinder the potential upswing. The price of Ethereum [ETH] might have decreased by 7.30% in the last 24 hours, but an assessment of a key indicator suggested that the decline might soon end. Advertisements […]

Ethereum Whale Offloads Holdings Amidst Market Downturn

cryptocurrency May 12, 2024

Ethereum (ETH) tumbled 6.45% in the past week, marking a rough stretch for the world’s second-largest cryptocurrency. Generally, Ether has left investors much to desire in recent times with a price decline of 16.57% over the last few months. Amidst this bearish market, a crypto whale has sold off all his Ethereum tokens drawing much […]

Ethereum network dips to 6-month low – Here’s how it affected ETH

cryptocurrency May 12, 2024

Ethereum’s fees hit a six-month low in the past seven days. ETH was down by 6%, and metrics looked bearish.  As L2s gain popularity, Ethereum’s [ETH] network usage plummets, reaching a six-month low. Advertisements This aligned with Vitalik Butarin’s 2020 roadmap, which aimed to enhance scalability by offloading transactions from the mainnet. In the meantime, […]

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