According to statistics from Glassnode, there has been a sharp fall in the number of active validators on the proof-of-stake (POS)...

Advertisement &nbsp &nbsp In 2009, Bitcoin introduced the digital assets era, and since then, many have adopted cryptocurrency. Ethereum also came along with altcoins...

Key takeaways The Ethereum network completed the Shanghai upgrade on Wednesday, allowing users to unstake their ETH...

SNEAK PEEK The Ethereum wallets with less than 0.0005 ETH contain a total of 6,242 Ethereum tokens (~$11M). These wallets are considered to be...

The year 20200 has observed many unfortunate events that have laid bad impact on the financial sector, especially the crypto industry. Along with Bitcoin,...

Lido Finance, the market’s largest decentralized liquid staking platform for Ethereum, has unveiled version 2 of its protocol which launched with new...

Ethereum is well on its way to the Merge as more milestones are met. The move to proof of stake will no doubt be a game-changer for the blockchain. So As the day for the merge draws closer, users of the network have been upping their activity in recent times. One of the places where Ethereum has recorded an uptick has been the staking queue which is now nearing its previous all-time high. Ethereum Staking Queue Crosses 300,000 The Ethereum staking queue is a good indicator of how users of the network are looking at it. When this is low, investors may be more way and not want to stake their coins on the network. However, when this number begins to go up, it signals a number of things for Ethereum, among them, being that users are looking more positively at it. Related Reading | TA: Bitcoin Holds Uptrend Support, What Could Trigger Sharp Decline This queue has been going up in recent times and as of 17th March, has almost reached its previous high. It had previously touched a new high above 330K in June of 2021 when the bull rally had been in full bloom. But the subsequent market downtrend had seen this number come down with it going into the bear trend. Only to begin another recovery in August of the same year. ETH price recovers above $3,900 | Source: ETHUSD on TradingView.com As for 2022, the number had been steadily growing but hadn’t seen any significant boost. This boost came about two weeks into March when the number of wallets on the queue crossed 300K. It is the sharpest increase ever recorded by the Balance Validators Status. What Does This Mean? For a network like Ethereum, beating and setting new records aren’t a new thing. But like with any other thing, such high interest will definitely have an impact on the network and the price. In this case, the number of wallets that are now suitable to stake on the network is higher and are waiting to be activated to do so. When such a large amount of wallets are given the green light to start staking, it will take a good chunk of coins out of current circulation. Related Reading | TA: Ethereum Consolidates Near $2,800, Why ETH Could Rally Again This is because it takes 32 ETH for a wallet to be eligible to become a validator on the network. This means that when these wallets on the queue are activated, about 1 million ETH coins will be locked away for at least three months, which is the minimum staking duration for Ethereum. A look at past charts shows that times like this have coincided with the increase in price for ETH. However, there has been one deviation which was during the November rally where ETH hit a new high above $4,000. Nevertheless, with such volumes of ETH being temporarily taken out of circulation, it most likely will positively affect the value of the cryptocurrency, pushing the value towards previous highs. Featured image from MARCA, chart from TradingView.com

Yuki and Art Williams, who purchased 3,000 Ethereum coins back in 2014, can not open their crypto wallet. The family claims that the...

The ethereum exchange reserves drop to a two-year low and according to CryptoQuant, the number dropped from 26 million from June 2020 to less than 21 million by July 2021 as we are reading more in our latest ethereum news. The drop seems to be in tandem with the increase in the price of ETH […]

On Sunday, July 4, the world’s second-largest cryptocurrency Ethereum (ETH) is showing strong momentum northwards. The Ethereum (ETH) price has moved past its crucial resistance of $2300 for the first time in the last 16 days. With this, ETH’s weekly gains have moved to nearly 20% as the crypto struggled under $2000 for quite some

The post Ethereum (ETH) Breaks Past $2300 Resistance, Long-Term Outlook Bullish appeared first on Coingape.

Ether(ETH) bulls seem to be dominating the market as it jumped over 6.5% on Sunday to reach a two-week high of $2,370 with an update on the horizon.

Ethereum has been struggling a lot in the past months. Following the general crashing pattern of the market in recent months. The coin reached a new high of over $4,000. Before falling back down following the market crash over a month ago. Losing over 50% of its value in a matter of weeks. But despite […]