Bloomberg: Ether (ETH) Price Could Be Dropping to $1,000 and Below
The recent rally in the ETH price happened after some key developments in the Ethereum ecosystem.
Focus on the ecosystem surrounding Ethereum, the second‑largest network by market cap. Get insights into network upgrades, smart‑contract innovations, DeFi and NFT trends, staking developments and other Ethereum news today.
The recent rally in the ETH price happened after some key developments in the Ethereum ecosystem.
Offchain Labs also revealed that it had updated its Arbitrum Operating System (ArbOS), rewriting it in the Go programming language.
Following the Jackson Hole meeting, strong liquidations took place in the crypto market. Bitcoin and altcoins have seen a greater fall last weekend.
Despite the suspension of withdrawals, Binance said there will be support for spot Ethereum and ERC-20 tokens trading during The Merge event.
While ChainShot has been on a roll lately, its acquirer Alchemy has also been gradually rising its developer resources.
The Ethereum Foundation has explained how the Merge upgrade will happen in two different parts on the consensus layer and the execution layer.
The cbETH token will give customers the option to sell, transfer, spend, or otherwise use their staked-ETH while it remains locked.
As part of its future outlook, Blue Pepper disclosed that the team is currently looking for alternative decentralized ways to bridge Dogecoin to Ethereum and other chains.
After a strong rally in July and part of August, the risk sentiment in crypto has once again turned negative. Expectations of upcoming Fed rate hikes have been putting pressure on the crypto market as a whole.
Cramer also cautioned investors to realize that companies will likely continue to have difficulty making long-term plans as they cope with the swift and ongoing changes in the economy, and that includes crypto firms.
The upcoming September Ethereum Merge has already sparked conversations as the blockchain seeks to overhaul its operational module.
Former exec at Meta David Marcus has praised Bitcoin and its capabilities ahead of the highly-anticipated Ethereum Merge.
While investors are supposed to react positively to the news in the crypto space, the opposite is exactly what is being recorded.
As the open interest for Ethereum options shoots to $8 billion, CME plans to bring ETH options contracts just ahead of the Merge event.
The Ethereum Merge Mainnet Readiness Checklist highlights several tasks for developers pending the mainnet launch.