Ethereum (ETH), often compared to Microsoft, is anticipated to reverse its underperformance by year-end. Presently, 61% of ETH addresses are profitable, marking new trends compared with prior bear markets.
Hemi Labs has raised $15 million from Binance for the development of an Advanced Modular Blockchain Network for both Bitcoin and Ethereum.
ETH/BTC Bull experienced a loss of $49 million while liquid staking has observed 400,000 ETH absorbed, reaching close to a 14M mark.
Google Cloud has added to their services through an Ethereum-compatible blockchain RPC Service.
Vitalik Buterin highlighted low Layer 2 fees as a significant Ethereum accomplishment, while a noted Ethereum whale purchased $13M worth of ETH, suggesting bullish sentiment. Despite such positives, Ethereum's value has experienced strain due to a 19% drop in ETH DApp volumes. Furthermore, analysts postulate that Ethereum is underperforming against Bitcoin, with Bitwise CIO speculating that Ethereum may be in 'Doldrums'. In an exciting development, Ethereum developers are considering splitting the upcoming blockchain upgrade, 'Pectra', into two parts.
Amid this market movement, Ethereum's average staker revenue has experienced a notable decrease following a decline in network activity. Despite these challenges, Ethereum has managed a slow recovery, remaining above a trading average of $2,300. Intelligent investors are taking note of Ethereum’s bounce back while keenly focusing on other cryptos like Mpeppe for stable profits.
ETH Coin News Analytics from Thu, 12 Sep 2024 14:16:00 GMT to Wed, 18 Sep 2024 22:00:00 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor 6
