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.

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.

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.

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.

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.

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%.

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.

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

The Ethereum price is signaling a potential breakout based on recent price movements. According to Trader Tardigrade, a crypto analyst on X (formerly Twitter), Ethereum could see its value reaching new all-time highs of around $10,000 if it can successfully break out of its current symmetrical triangle formation.

US-based crypto exchange Kraken has launched its own blockchain network, Ink. According to the official announcement, the network, which would be an Ethereum Layer-2 network, would be built using Optimism OP Stack and open to the public by 2025.

Bitcoin (BTC) has recovered after facing significant selling pressure. On the 23rd, it dropped to a day low of $65,198 before recovering and pushing back above $67,000.

Ethereum may drop further, but long-term prospects remain bullish for recovery.

Crypto exchange Kraken announced the upcoming launch of Ink, an Ethereum layer-2 network based on the Optimism Superchain, in an Oct. 24 statement. Ink aims to empower users to trade, borrow, and lend tokens without the need for intermediaries, marking a significant shift from Kraken's current centralized exchange model.

BOB, a project built on Bitcoin, is s making headlines with its bold plan to make Bitcoin the leader in decentralized finance (DeFi). By introducing a unique bridge to Ethereum, BOB is set to use Bitcoin's unmatched security and liquidity to challenge platforms like Ethereum and Solana, aiming to take over the DeFi space.

The project promises to revolutionize leverage trading and swaps on the network.

Vitalik Buterin, co-founder of Ethereum, recently surprised the crypto community with a major announcement: a fourfold reduction in gas fees on the Ethereum network. This initiative aims to make transactions more cost-effective and improve the efficiency of the network, marking a crucial step for the Ethereum ecosystem.

Vitalik Buterin claims Ethereum's next upgrade could allow node operation on low end devices.

Built using the OP Stack, Kraken's Ink follows the lead of rival crypto exchange Coinbase's launch of Base in 2023.

TL;DR The amount of staked Ether has reached a new high, surpassing 34 million. Excessive staking of Ether could lead to problems on the Ethereum network, such as failed transactions. Experts suggest that the ideal of Ether staking has been surpassed, which could affect the security and functionality of the ecosystem.

Binance has BNB Chain, Coinbase has Base, OKX has the X Layer and now Kraken has Ink.

India is considering banning cryptocurrencies such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) in favor of its own central bank digital currency (CBDC), with key regulatory institutions advocating for the move. This comes as the government is preparing a discussion paper on the future of crypto regulation in the country.

Kraken's Ethereum layer-2 network Ink is built on Optimism's OP Stack, the same tech that powers Base, Unichain, and World Chain.

Ethereum (ETH) price today today trades at after hitting a daily high of on . ETH price is up % as of.

Ethereum's gas fees have been a headache for a long time, especially during high traffic. Now, Vitalik Buterin, Eth's co-founder, is suggesting a fix to make transactions faster and cheaper.

Ethereum (ETH) has recently faced a notable price slump, prompting discussions about whether this downturn is a temporary setback or indicative of more significant challenges ahead. Over the past 24 hours, ETH has experienced a 2.70% decline, entering what traders refer to as a “retracement.

ETHcoin was promoted by Machi Big Brother just minutes after its launch. He is also among the biggest miners, taking 20% of block rewards, despite claiming no insider knowledge.

The altcoin market is transforming, heralding a new era that puts Solana at a crucial turning point.

Aragon Association allows ANT holders to redeem tokens for ETH at a fixed rate through Binance. The redemption process will be completed by November 8, 2024.

The market might be in sell-off mode, but top market whales are finding a way to cash in on already accrued gains. As shared by crypto analytics platform Lookonchain, an Ethereum ICO participant has initiated a new sell-off transfer, adding to the broader market sell-off pressure.

An Ethereum whale who participated in the ICO has sold 3,000 ETH, worth $7.64 million, raising concerns about what might happen next to Ethereum's price. The last time this whale sold a large amount, ETH's price fell by 15%.

After selling 10,000 ETH in the past few months, the Ethereum ICO participant still has 37,000 ETH to cash out.

While most of the altcoins have been trying a push upside, the Ethereum (ETH) price has continued to move sideways flirting around $2,550 levels. The ETH/BTC pair has also been heading lower hitting the lowest levels since 2021.

Solana (SOL) is becoming the Ethereum of this bull market. Up 30% against its USD pair since early October, $SOL is the gains leader among the top 50 cryptocurrencies by market capitalization.

Base, an Ethereum Layer 2 (L2) scaling solution, is set to implement a significant upgrade with the introduction of fault proofs on October 30, 2024.

TL;DR Significant Fee Reduction: Vitalik Buterin's proposal aims to cut Ethereum gas fees by up to 80%, making transactions more affordable for users. Efficiency and Speed: The changes focus on improving transaction processing efficiency, potentially increasing Ethereum's transaction speed by up to five times.

On Oct. 24, blockchain security firm PeckShield reported that the Radiant Capital hacker had transferred nearly all of the stolen funds from Arbitrum and Binance's BNB Chain into the Ethereum network. The funds, valued at approximately $52 million, totaled 20,500 Ether. This development follows the Oct.

The SOL/ETH pair trading on Binance looks overbought after four-month winning trend.