Ethereum faces multiple challenges as its price hovers at $2,500, including institutional preference for Bitcoin, growing Layer-1 competition, and technical weakness

The cryptocurrency market is bracing for potential short-term volatility this week, as a massive $5.26 billion in Bitcoin (BTC) and Ethereum (ETH) options contracts are set to expire today. With $4.

ETH/BTC rate drops to 0.037, marking a 30-month low and a 30% decline since July 2023.

Kraken is launching Ink, an Optimism-based Ethereum Layer 2 blockchain in early 2025, designed to simplify DeFi access for its 10+ million users

Ethereum (ETH) is experiencing some consolidation, with its market indicators indicating a point of less turbulence as well as balanced investor sentiment.

An ETH whale may have thrown out the possibility of an upside on the charts.

A hacker seems to have pilfered roughly $20 million worth of stablecoins and Ethereum from wallets belonging to the United States government. According to analytics firm Arkham Intelligence, the funds were tied to the 2016 Bitfinex hack and had been unmoved for over eight months.

After an unsuccessful attempt to break through the resistance level of around $2760 in the past two weeks, Ethereum (ETH) price has dropped over 5 percent in the last five days to trade at about $2,495 on Friday, October 25, during the early European session.

Ethereum's All Core Developers Execution Call #199 addressed critical updates, including EIP 7742, Pectra Devnet developments, and block gas limit debates.

In a post published on October 23, Ethereum (ETH) co-founder Vitalik Buterin shared details about ‘The Verge' upgrade, which aims to make it easier to run validator nodes. New Ethereum Upgrade To Make Running Nodes Easier Buterin highlighted several issues currently facing the Ethereum network, particularly the high resource requirements needed to run Ethereum nodes.

In a notable development on October 21, Solana-based DEX Raydium achieved higher daily fee revenue than the Ethereum network.

Solana achieved a record-breaking $8.7 million in network revenue on Oct. 23, driven by growing blockchain activity and increased total value locked.

Traders and investors in the crypto market should brace for volatility, with $5.26 billion worth of Bitcoin and Ethereum options expiring today.

Ethereum's ETH/BTC pair eyes a potential breakout from a falling wedge, while overheated Solana indicators hint at a shift in Ethereum's favor.

Ethereum daily fees hover between $1 million to $5 million — far less than the $30 million that was consistently reached throughout 2021 and 2022.

Have you ever wished you'd caught the next big crypto wave before it took off? The truth is that timing is everything in this fast-moving world of blockchain. With all eyes on the most promising projects, investors are keen to secure their place early.

A massive Ethereum initial coin offering (ICO) participant that received an astounding 254,908 ETH during the cryptocurrency's launch for a total cost of $79,000, has recently sold 3,000 ETH worth around $7.64 million.

Ether could slump in the coming days, as this participant's previous ETH sale triggered a decline in the asset's price.

Ethereum price extended losses and tested the $2,450 support zone. ETH is recovering losses and struggling to gain pace for a move above the $2,550 level.

Base, a Layer 2 blockchain initiative spearheaded by Coinbase, has set a new record by accumulating an impressive 623,130 ETH in its bridge smart contract. This figure signifies not only a substantial increase in the amount of ETH held but also highlights the growing confidence in Base as a pivotal player within the Ethereum ecosystem.

The Ethereum FUD fires are burning hotter than ever as Ether has fallen against Bitcoin and Solana while developers are fighting the flames.

Nearly $20 million in cryptocurrencies has been reportedly drained out of U.S. government-linked wallets holding funds seized from the Bitfinex cryptocurrency exchange hack. What Happened: About $14 million in the Aave USDC (AUSDC) stablecoin, $5.

A significant Ethereum whale deposited 3,000 ETH, valued at $7.63 million, to Kraken. This massive transfer comes as the ETH/BTC pair plunges to new lows, signaling growing bearish sentiment in the market.

Recent reports show that a participant from Ethereums initial coin offering (ICO) has sold 3,000 ETH for approximately $7.64 million. This sale is part of a larger trend where early investors are cashing out some of their holdings.

Solana short sellers suffer as price unexpectedly pushed above short-term resistance, leading to a surge in liquidations.

Bitcoin's dominance has surged past 57%, reaching its highest level since March 2021. This significant uptick illustrates a trend of growing market concentration in Bitcoin, while Ethereum's market share has plummeted to 13.5%, marking the lowest level since before the Ethereum Merge in September 2022.

Ethereum, the second-largest cryptocurrency by market capitalization, is facing a growing risk of a short-squeeze that could potentially help its price surge. The cryptocurrency's futures market is showing signs of extreme leverage, indicating that a significant number of traders are betting on a continued price decline.

Solana is displaying remarkable potential for recovery, and it appears that the asset may be approaching $200. The asset is currently trading comfortably above $170 after strong upward momentum was sparked by the breakthrough at $160 earlier this month.

A widely followed cryptocurrency analyst and trader is leaning bullish on one memecoin while giving his forecast on two layer-1 altcoins. The analyst pseudonymously known as Bluntz tells his 287,700 followers on the social media platform X that Dogecoin (DOGE) is “still turbo strong.

Ethereum (ETH) price appears to be moving within a neutral range, as indicated by several market metrics. The current Net Unrealized Profit/Loss (NUPL) value signals that most investors are neither highly profitable nor experiencing heavy losses.

The strategy resembles tactics seen in past crypto heists, casting doubt on recovery as the funds could soon be laundered through mixers.

Solana's SOL has been on a tear, leading gains among the crypto market this week amid a speculative memecoin frenzy that is driving up token prices and blockchain activity. The latest trend of artificial intelligence agents pumping memecoins is also predominantly based on the Solana network.

The cryptocurrency landscape is known for its rapid fluctuations and unpredictable trends, but recent data regarding Ethereum's leverage ratio has raised eyebrows across the investment community. The Estimated Leverage Ratio has spiked to extreme levels, prompting many to wonder what this indicates for Ethereum's future price movements.

Sharpei's insiders apparently cashed out after prominent crypto influencers denied being involved with the fast-rising Solana meme coin.

On October 25, 2024, the overall cryptocurrency market experienced a modest recovery after a price decline in the past few days. Meanwhile, Solana (SOL) and its meme-based tokens have made waves, gaining notable attention from crypto enthusiasts with their impressive price surge.

Solana co-founder Anatoly Yakovenko has rained accolade on a crucial infrastructure pioneered by Ethereum, despite the visible rivalry between both protocols. Taking to his official X account, the Solana founder said he likes the Ethereum Design and vision.

The cryptocurrency market is seeing mixed signals as Ethereum (ETH) struggles to maintain its upward momentum, while Dogecoin (DOGE) and Shiba Inu (SHIB) experience notable price fluctuations. After a recent spike, the market is now calming down, leaving investors to wonder what lies ahead.

Bitcoin Cash and Uniswap led CoinDesk 20 gains, each rising more than 5%.

Solana generated some $8.7 million in economic value from network activity, up from just under $8 million one day prior, according to Blockworks Research.

Binance, the world's leading cryptocurrency exchange, is expanding its trading offerings to include a new Ethereum (ETH) layer-2 altcoin. According to the exchange, Scroll (SCR) is now available for spot trading using the pairs of SCR/BTC, SCR/USDT, SCR/FDUSD and SCR/TRY.

A widely followed crypto analyst is issuing a warning to investors, saying that top altcoin Ethereum (ETH) might see a crash in December.

Last July, Ether's market value tumbled nearly 15% after similar actions were taken by this ‘smart money' entity.

The cryptocurrency community is buzzing following a heated exchange between Ethereum co-founder Vitalik Buterin and MicroStrategy's co-founder Michael Saylor. In a recent social media post, Buterin described Saylor's remarks about self-custody as “batsh*t insane,” igniting further debate over the future of digital asset management.

As investors grapple with the cryptocurrency market's next moves amid recent turbulence driven by geopolitical and economic concerns, attention is shifting away from established top-cap coins like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Cardano (ADA) toward the burgeoning appeal of meme coins.

Solana (SOL), the fifth-largest cryptocurrency by market capitalization, has set a fresh record price against rival layer-1 network Ethereum, thanks to a renewed boom in Solana's network activity.

The price of Solana (SOL) has continued to rise after breaking above resistance at $160.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.