Ethereum price followed the broader crypto market sell-off, but its longer term price weakness is driven by network-specific factors.

Cryptocurrency markets are down on Wednesday, pushing crypto long liquidations to the highest since Oct. 15. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $66,169.96 -2% Ethereum (CRYPTO: ETH) $2,503.20 -4.8% Solana (CRYPTO: SOL) $170.11 +0.99% Dogecoin (CRYPTO: DOGE) $0.1364 -2.7% Shiba Inu (CRYPTO: SHIB) $0.00001738 -4.9% Notable Statistics: IntoTheBlock data shows large transaction volume inching higher by 0.7% and daily active addresses falling by 12.5%.

Ripple CEO Brad Garlinghouse believes that an XRP exchange-traded fund will get approved by the SEC following recent filings.

Ethereum has had a turbulent start to the week, and data suggests that further declines may be on the way. As Bitcoin loses momentum and drops below immediate support levels in recent hours, selling pressure on Ethereum is increasing.

Three fundamental metrics appear to be driving Ethereum lower today.

Cryptocurrencies weren't spared as stocks, bonds, gold and oil all declined on Wednesday.

Ethereum (ETH) held in accumulation wallets has surged to over 19 million as of October 18, 2024. This marks an impressive 65% increase since the year began, underscoring a growing wave of interest from both individual and institutional investors.

Several positive developments have been cited lately around the Ethereum blockchain network, one of which is the recent significant drop in the network's transaction fees after a period of extremely high costs, which has historically been a major challenge for users.

Bitcoin's correction ignited selling in altcoins, which are slipping below critical support levels.

A negative Coinbase Premium Index suggests larger investors are reducing their exposure to Ethereum, adding selling pressure to the market.

Orbs, the decentralised Layer-3 blockchain optimised for on-chain trading, has announced the integration of its Liquidity hub with leading multi-chain DEX, platform QuickSwap. The decision follows an overwhelming approval via a governance vote on QuickSwap.

Ethereum's network could progress towards stateless validation as its data storage and verification needs grow. Co-founder Vitalik Buterin proposes 2 solutions for this transition—Verkle trees and STARKs.

Are we witnessing a major shift in blockchain adoption as Solana's user numbers skyrocket, or will Ethereum's continued dominance in high-value applications keep it ahead in the long run? Solana's massive comeback Solana (SOL), one of the most promising blockchain

Drama unfolds as a new Ethereum memecoin battles claims it's capitalizing on the forgotten Bellscoin project that came before Dogecoin.

CryptoQuant analyst warns of the potential for a short squeeze event as short positions grow exponentially.

Ethereum (ETH) price today trades at as of . This drop comes after ETH price opened today at $2,622.81 and hit a daily high of.

TL;DR Ethereum's Estimated Leverage Ratio has surged to unprecedented levels, indicating increased risk-taking and potential for significant price volatility. Lower transaction fees on the Ethereum network are boosting usage, but weak institutional demand suggests cautious market sentiment.

Ethereum price has had a rocky start to the week and data suggests that more downside could be on the way.

Raydium briefly outpaced Ethereum in daily fees, with its trading volume and TVL also seeing significant growth.

U.S. spot bitcoin exchange-traded funds (ETFs) hit a bump in the road on Tuesday, recording $79.09 million in net outflows. Meanwhile, ether ETFs turned things around, bringing in $11.94 million in net gains. Tuesday's Crypto ETF Action The 12 spot bitcoin ETFs struggled, shedding $79.09 million overall. However, three ETFs saw a bit of sunshine.

Indian regulators have reportedly supported banning private cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) and pushing for the use of Central Bank Digital Currency (CBDC). This development reinforces India's CBDC push, which started years ago.

Blob space on Ethereum went through a brief period of price discovery, raising L1 rents for Scroll and Base. The period was too short to estimate the behavior of L2 and their readiness to absorb high blob costs.

Buterin says fully-verifying clients and staking nodes should not need to have more than a few gigabytes of storage.

If Ethereum is going to hit a price of $22,000 by 2030, here's what needs to happen.

The growing dominance of Bitcoin has raised the possibility of a BTC bull run in a short while from now. On the other hand, once the dominance reaches its peak, it could face a rejection that may not only keep the BTC price consolidated but also allow a remarkable rise in the altcoin dominance.

Uniswap (UNI) price has recently undergone a minor market correction after a week of impressive bullish momentum. Following a notable price surge over the past week, the token's growth has slowed slightly.

Vitalik says a structured governance model is needed for secure upgrades. Decentralization remains crucial, but user participation in governance is low.

Ethereum co-founder Vitalik Buterin recently posted an intriguing anecdote on Twitter stating that he made $5 earlier this year by participating in prediction market arbitrage. This little sum was earned more for enjoyment than for profit, he acknowledged, adding that automated bots are probably taking advantage of these opportunities more frequently these days.

India is moving closer to a major decision on cryptocurrencies like Bitcoin and Ethereum. The government is considering banning these digital currencies while pushing for its own Central Bank Digital Currency (CBDC), known as the digital rupee.

Ethereum co-founder Vitalik Buterin has laid out further plans to improve the blockchain's Proof-of-Stake (PoS) system through a new upgrade called “The Verge.” In a blog post published on Oct.

Ben “BitBoy” Armstrong, a well-known figure in the crypto community, made headlines with a bold assertion: he believes that XRP will soon overtake Ethereum (ETH) to become the second-largest cryptocurrency after Bitcoin (BTC). This claim has ignite a lively debate among crypto enthusiasts and investors alike.

Discover how "The Verge" will transform Ethereum into a faster, more decentralized, and accessible cryptocurrency for all validators.

After sharing insights on The Merge and The Surge to enhance Ethereum's future, cofounder Vitalik Buterin has now shared insights into The Verge. In his post, Buterin said the ideal future for Ethereum is one in which everyone can participate in node verification on the mainnet.

Almost all major cryptocurrencies, including Ethereum (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE), Chainlink (LINK), and Polkadot (DOT), have registered substantial declines. The crypto market cap has also dropped by 0.82% and currently stands at $2.31 trillion.

Data shows the Ethereum Estimated Leverage Ratio has shot up to extreme levels recently. Here's what this could imply for the asset's price.

Ethereum scaling solution Scroll launched its native token, SCR, amidst much fanfare, but the community immediately reacted with backlash over the amount allocated.

A surge in blob fees on Ethereum, reaching $4.52, was triggered by Scroll's airdrop, marking the third major fee spike since the network's Dencun upgrade in March.

The backlash against MicroStrategy co-founder Michael Saylor continues to grow, with Ethereum's Vitalik Buterin recently describing his comments as "batsh*t insane" in a social media post.

USDT market cap has surged past $120 billion, driven by its trading volume on Ethereum and Tron.

Crypto enthusiasts are once again demonstrating their confidence in Ethereum, the second-largest digital asset capability in the ongoing cycle, with some experts predicting that ETH could be witnessing a historical price rally to unprecedented heights at the peak of this bull cycle.

Market participants have pulled 29,378 ETH from exchanges, indicating a shift towards holding rather than trading. This contrasts with recent activity where 312,183 ETH were deposited, showing mixed behaviors among investors.

Uniswap, the leading decentralized exchange (DEX) on Ethereum, is building and growing, looking at the number of processed volumes over the years. Uniswap Processes Over $2 Trillion On Ethereum Since launching in late 2018, on-chain data shows that the DEX has processed over $2 trillion in cumulative volume on the Ethereum mainnet.

XRP is predicted to soar past $16, potentially overtaking Ethereum in 2025, as forecasted by crypto influencer Ben Armstrong. He attributes XRPs rise to its growing use in global banking and cross-border payments, positioning it as a unique asset in the crypto space.

Ethereum price struggled to continue higher above the $2,750 resistance and corrected gains. ETH is now struggling to start a fresh increase above $2,650.

Ethereum blob fees briefly surged to a price of $4.52 spurred by a frenzy of Scroll airdrop claims.

7,728 ETH ($20M) added to circulation in past week. Network activity drops 3%, with 43% decrease in fees.

Hopes of a rally toward $3,000 were raised by Ethereum's recent 15% price increase but it looks like the upward momentum has encountered a major obstacle. For ETH the 100 EMA has shown to be a strong resistance level and the assets recovery appears to have stalled at this point.