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Ethereum and Meme Moguls price forecast as SEC delays Fidelity’s spot ETF. $ETH: Analyst says $2,450 key to bulls and market could see sharp bounce. Meme Moguls ($MGLS) price has reached $0.0027 in stage 4, showing a 42% upside as potential 100x toke gathers presale pace. Amid the crypto market’s bid to bounce from recent declines, Ethereum ($ETH) price is battling to hold above $2,400. While most altcoins mirror Ethereum’s downside move, some with double-digit losses over the past 24 hours, new token Meme Moguls ($MGLS) is defying the turbulence. Here’s what analysts are saying about Ethereum and Meme Moguls. SEC delays decision on Fidelity’s spot ETF After recently approving several spot Bitcoin ETFs, the US Securities and Exchange Commission (SEC) has postponed its decision on Fidelity’s proposal to list a spot Ethereum ETF.  A SEC filing on Thursday pushed the decision on whether to allow or reject the applicati...

ProShares , a major issuer of exchange-traded funds ( ETF s), has introduced the first ETF designed to short Ether as the cryptocurrency market experiences heightened volatility. The ProShares Short Ether Strategy ETF (SETH) began trading on the New York Stock Exchange on November 2nd. It aims to allow investors to profit from declines in ETH’s price through exposure to ETH futures contracts. “SETH is designed to address the challenge of acquiring short exposure to ether, which can be onerous and expensive,” said ProShares CEO Michael Sapir in announcing the new fund. Also Read: US Government Arrests Founders of SafeMoon Crypto Token ProShares launch comes amidst market volatility The launch comes amid whipsawing prices across crypto markets in 2023. ProShares said the fund offers a convenient way to bet against further ETH drops within traditional brokerage accounts. ProShares has rolled out other crypto-linked ETF s. These include funds that tr...

Bitcoin and Ethereum are usually quite closely-knit and move in a similar fashion on the charts. However, Bitcoin seems to be lagging lately. Over the past week, Ethereum has registered a 5.3% uptick. On the other hand, Bitcoin has dropped by 1.8% in the same timeframe. In fact, quite an interesting trend has unfolded on the ETH /BTC chart. As analyzed recently, the trading pair created a triple bottom, and Watcher Guru predicted that an uptrend was most likely on the cards because bears were losing strength. Well, the said scenario has now materialized already. The ETH /BTC pair’s uptrend brings to light that Ethereum is getting stronger when compared to Bitcoin, or perhaps, Bitcoin’s dominance is getting challenged. In either case, Ethereum now seems to be in the driving seat. Source: TradingView Also Read – Bitcoin: What To Expect From Q2 2023? In fact, the latest numbers from Santiment brought to light another interesting trend. As shown below, the exchange and non-...

The cryptocurrency market is currently in carnage due to increased liquidations. The world’s largest cryptocurrency, Bitcoin [BTC], dipped by nearly 5% over the last couple of hours. This drop comes after weeks of recovery for the king coin. Along with Bitcoin, the rest of the market also nosedived. Prominent altcoins like Ethereum, Cardano , Solana , MATIC , XRP, Litecoin, and others were deeply impacted by this fall. Here’s how each one of these assets was faring amidst the ongoing crash. Ethereum [ETH] The second largest cryptocurrency was mirroring Bitcoin in terms of daily loss. At press time, Ethereum was trading for $1,569.79 with a 4.49% daily drop. Source – ETH/USDT Chart on TradingView ETH broke three prominent lines of support to reach its current level. As seen in the above chart, the cryptocurrency dipped below its immediate support line of $1622, followed by $1597 and $1565. Additionally, the Relative Strength Index [RSI] indicator revealed th...

Last week, Ethereum core developer Tim Beiko announced a new date for the Shapella network upgrade. Since then, the community has been eagerly awaiting for the same to transpire. On Tuesday, Feb. 28, the network upgrade was initiated at epoch 56832 at 4:04 UTC. By 4:17 UTC, it was finalized. Members of the community took to Twitter to confirm the development. The team lead at N ETH ermind, an Ethereum and StarkNet research and engineering company tweeted, “ Sepolia Shapella has been success fully activated.” Sepolia Shapella has been successfully activated 🎉 🔜 Goerli 🔜Mainnet pic.twitter.com/852fGttPmH — Marek Moraczyński (@M25Marek) February 28, 2023 Also Read – How to Stake Ethereum [2023] Paritosh Jayanthi, DevOps at the Ethereum Foundation, affirmed that the latest upgrade has brought the network a step closer to its Shanghai upgrade. After one more testnet execution on Goerli, the mainnet upgrade will t...

The Ethereum network successfully replaced the proof-of-work mining model with the proof-of-stake mining model. The long-awaited switchover occurred on September 15, 2022. Read more: Did Celsius Use Client’s BTC and ETH to Pump the CEL Token? The Shanghai testnet was one of the much-awaited releases, which was earlier stated to be live by the end of February. Ethereum developers are also relentlessly working on deploying testnets in the next few days. Now, according to the latest details from an Ethereum Foundation developer, the Ethereum Zhejiang public withdrawal testnet is set to go live on Feb. 1 at 15:00 UTC. The Shanghai +Capella upgrade is going full steam ahead! The first public withdrawals testnet is launching 1st of Feb at 15 UTC. All info here: https://t.co/S5kp9o6Pzs#TestingTheWithdrurge https://t.co/fw2SZqPbHe — parithosh | 🐼👉👈🐼 (@parithosh_j) January 31, 2023 Ethereum Shanghai+Capella will be triggered six days...

Ethereum (ETH), the second-largest crypto project by market cap, has achieved another milestone. The project has crossed 16 million staked ETH, four months after its historic transition to a PoS (Proof-of-Stake) consensus mechanism. According to Etherscan.io, more than 16 million ETH er ( ETH ) has been put into the Beacon Chain staking contract on Ethereum. The 16 million ETH is worth around $22.38 billion at the current rates. Moreover, it represents more than 13.28% of the whole ETH er supply. The latest milestone is almost two years after Ethereum’s staking contract went live in 2020. Validators stake their Ether (ETH) for a chance to validate transactions on the Ethereum network. Validators cannot takeout their staked ETH until the upcoming Shanghai update. The Shanghai update will likely take place in late February. The increasing number of staked ETH is a sign that the network’s security is robust, and adoption is strong. Theore...

Russian crypto exchange Bitbanker and researcher Cupli Surveys recently conducted a survey to find out a few interesting crypto trends. Local media house Kommersant reported the findings in a recent article. The parties spoke to 1.5k people over 18 years old “from all regions of Russia.” Per the findings, 78% of Russia n crypto traders consider Bitcoin the most reliable digital currency. Around 35% of them expressed their confidence in Ethereum and 36% of them thought T ETH er was dependable. Kommersant noted, “The choice of bitcoin is obvious, market participants believe, it is the oldest and largest currency in terms of capitalization.”  Also Read: Bitcoin, Ethereum, XRP, Cardano: Which Crypto Ranks No.1 in 2022? After the Terra UST episode, participants’ trust w.r.t. stablecoins has been affected. In fact, the back-to-back de-pegging of several other stablecoins after that episode managed to worsen things further. In fact, governments from arou...

The deposit contract for staking Ethereum [ ETH ] reached a new all-time high recently. Data from the on-chain metric website Glassnode revealed that the same crossed 15,569,431 tokens [worth roughly $19.95 billion] on Thursday. 📈 #Ethereum $ETH Total Value in the ETH 2.0 Deposit Contract just reached an ATH of 15,569,431 ETH View metric:https://t.co/SzbMPqvhlb pic.twitter.com/jthHd2fOle — glassnode alerts (@glassnodealerts) December 8, 2022 In mid-September this year, the Ethereum network transitioned from Proof-of-Work [PoW] to Proof-of-Stake [PoS]. As a result, miners exited the ecosystem and validators became more relevant than ever. Simply stated, under the former consensus mechanism, miners expend electricity to mine blocks. Under the latter, ETH stakers are vested with the block validation power. As such, one has to invest a minimum of 32 ETH tokens to become a validator on Ethereum 2.0. Thus, the curve continuously moving upwards and reaching highs ...

Ethereum transitioned from the proof-of-work to proof-of-stake protocol on September 15, 2022, ushering in a new era in the crypto sphere. The Merge considerably reduced energy consumption by 99% making the Ethereum network environmentally friendly. It was touted that the issue of high gas fees to initiate transactions could considerably reduce post the Merge. However, things seem to be otherwise, as the Merge has done little to nothing to contain the high gas fees on the Ethereum network. Ethereum gas fees have risen 31.3% in October 2022 despite the successful initiation of the Merge, data shows. In September (before the Merge), the average gas fee was around 17.1 gwei. Moreover, in October (after the Merge), the average gas fee increased to 22.5 gwei. Also Read: Ethereum Likely Headed towards $600 Levels, Here’s Why Source: DailyHodl.com On October 10th alone, the highest recorded gas fees on the Ethereum network reached 37.6 gwei. The network has turned more expensive po...

For the first time in weeks, the crypto market turn the tables around and welcomed bulls. With most coins trading in green with substantial gains, the global crypto market cap was up by almost 5% on Wednesday and stood at $978 billion at press time. As a result, bearish traders got rekt and the aggregate short liquidations climbed to a 15-month high, around $700 million. The largest amount of short liquidations since July last year (so far). https://t.co/INc50QkJgG pic.twitter.com/S0wvW85ouH — Coinalyze (@coinalyzetool) October 25, 2022 Ethereum and its forked version Ethereum classic—along with Toncoin, Lido, and Cardano—were the top gainers of the day. The Ethereum siblings had both rallied by more than 10% each and stood at multi-week high levels on Wednesday. Source: CMC Also Read: Germany’s $9B worth N26 bank to launch Bitcoin, Ethereum trading Diving further into Ethereum & Ethereum Classic’s tale The net-flows on exchanges did ...