(VIANEWS) – Benzinga is a fintech media company that offers news and statistics to retail investors and cryptocurrency traders. Despite negative price swings, data shows that Ethereum investors are with it for the long haul.
According to Business Insider, more Ethereum validator nodes are being established than ever before. This makes complete sense. It takes 32 Ether to set up a validator network on the ETH2 testnet. This was more than $130,000 when Ethereum was trading above $4,000.
Ethereum (ETH-USD) Cryptocurrency is currently on bullish momentum by 8.16% in the last 24 hours. At 16:50 EST on Wednesday, 21 July, Ethereum (ETH-USD) is at $1,945.5800.
Today’s last reported volume for Ethereum is 24693549614, 34.75% below its average volume of 37842422779.84.
All-Time High and Low
Ethereum’s current value is at $1945.58, 55.46% below its all-time high of $4356.99 on Wednesday, 12 May.
Ethereum’s current value is at $1945.58, 448093.22% above its all time low of $4356.99 on Tuesday, 20 October.
Market Cap and Supply
Ethereum’s current market cap is 227022250386.
Ethereum (ETH-USD) Range
Concerning Ethereum’s daily highs and lows, it’s 9.49% up from its trailing 24 hours low of $1,777.0100 and 2.85% down from its trailing 24 hours high of $2,002.6300.
Currently, Ethereum (ETH-USD) has 1443452 Twitter followers and 1043816 Reddit subscribers.
As of now, on Github, there are 11558 forks, 31488 stars, and 2106 subscribers.
Ethereum’s last week, last month’s, and last quarter’s current volatility was a negative 1.01%, a negative 0.60%, and a positive 4.96%, respectively.
Ethereum’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 2.02% (last week), 4.05% (last month), and 4.96% (last quarter), respectively.
Crypto Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Ethereum’s crypto is considered to be overbought (>=80).
Other News About Ethereum (ETH-USD)
The ethereum 2.0 testnet is growing fast: here’s why it matters. According to Business Insider on Wednesday, 21 July, “However, there isn’t a set date that Ethereum plans to upgrade, and it’s likely that this won’t happen until 2022.”, “Ethereum staked on Ethereum 2.0 cannot be withdrawn until Ethereum’s mainnet migrates to proof of stake in the upcoming ETH2 upgrade. ”
News about Bitcoin
Bitcoin extends gain after retaking closely watched $30,000 mark. According to Bloomberg Quint on Wednesday, 21 July, “The fear in the market was that if Bitcoin breaks below the $30,000 mark, the price will move lower violently,” said Naeem Aslam, chief market analyst with Ava Trade Ltd. “, “Regulatory and environmental concerns will likely keep Bitcoin heavy but improvements on both fronts should happen before the end of the year,” Edward Moya, senior market analyst for the Americas at Oanda, wrote in a note. ”
Musk says spacex owns Bitcoin, wood touts balance-sheet benefits. According to Bloomberg Quint on Wednesday, 21 July, “Wood said corporations should consider adding Bitcoin to their balance sheets, partly as a hedge against deflation. “, “Still, MicroStrategy Inc., which reports earnings next week, may illustrate the perils of companies amassing large Bitcoin holdings. ”
Bitcoin miner iris said to seek new funds ahead of U.S. listing. According to Bloomberg Quint on Monday, 19 July, “A crackdown on Bitcoin production by Chinese authorities also helped drive the price down to near where it had been at the start of the year.”, “The company’s flagship project is a 50 megawatt data center in British Columbia, Canada, that runs Bitcoin mining equipment powered by renewable energy, according to its website. ”
More news about Ethereum (ETH-USD).