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Ether
Ether (ETH) is the native cryptocurrency of the Ethereum blockchain, functioning as a fuel for operations within the network. It serves multiple purposes: as a digital currency, it can be bought, sold, and held as an investment; as a utility token, it's used to pay for transaction fees and computational services on the Ethereum network. Ether is integral to running decentralized applications (dApps) and executing smart contracts on Ethereum, providing the necessary resources for these operations. As Ethereum evolves, especially with upgrades like Ethereum 2.0, Ether's role remains central, facilitating not just transactions but also the broader ecosystem of decentralized finance (DeFi) and various blockchain-based applications.
Bitcoin Sinks Amid Profit-Taking After FOMC Rally, but $100K Probability Rises
Traders cautioned that Thursday’s moves would be a relief rally, with the $80,000 support level one to watch for.
Bitcoin Options Flip Bullish After Powell's Transitory Inflation Remark, Ether Still Lags in Sentiment
The Fed retained forecast for two rate cuts Wednesday, with Powell calling the inflationary impact of Trump's tariffs transitory.
Bitcoin, Ether, Solana Likely to See 3%- 5% Price Swings on FOMC Rate Decision, Volmex's Data Suggests
These figures might be scary for equity or currency traders but do not represent a major deviation from the normal in the crypto market.
Ether Jumps 7% as Bitcoin Traders Watch $80K Support Ahead of FOMC
Meanwhile, gold broke above $3,000 to new highs earlier Wednesday, leading to some eyeing an inverse correlation of the yellow metal with bitcoin.
Ether in Structural Decline, Year-End Price Target Slashed to $4K: Standard Chartered
Layer 2 blockchains were meant to improve scalability on the Ethereum network, but Coinbase's Base has reduced ether's market cap by $50 billion, the report said.
Ether Sees Record Active Selling Over 3 Months: CryptoQuant
Ethereum has faced record active selling over the past 3 months, per a CryptoQuant report.
Crypto Rally Doesn't Hold After Soft Inflation Data
Bitcoin managed a knee-jerk move above $84,000 after the U.S. CPI report, but returned to roughly flat for the day.
Lukka and CoinDesk Indices to Offer Composite Ether Staking Rate
The CESR captures the mean annualized staking rate earned by Ethereum validators.
Hyperliquid Loses $4M After Whale's Over $200M Ether Trade Unwinds
The whale liquidation saw wallet ‘0xf3f4’ opening a highly leveraged 50x ETH long position, depositing $4.3 million in USDC as margin for a total size of 113,000 ETH.
Ether Whale Prevents $340M Liquidation With Series of Last Minute Deposits
Ether remains at risk of experiencing several on-chain liquidations.
