Author: Yeek.io

Ethereum price has crashed this year and is hovering near its lowest level since September last year.  Ethereum (ETH) was trading above $2,200 at last check Sunday, down by over 45% from its highest point in November last year. Several crucial charts explain why the ETH price has crashed, and provide hints of what to expect this year. Ethereum price formed a triple-top pattern The weekly chart shows that the ETH price found strong resistance at around $4,000 in 2024. This pattern is characterized by three peaks and a neckline, and is one of the most bearish patterns in the…

In building Pudgy Penguins, Igloo Inc. have turned a dud into one of the world’s biggest NFT collections. With watchful eyes locked on their every move, they’re now looking to build a mainstream-ready blockchain. That blockchain is the Abstract Chain.Abstract is a consumer-focused Ethereum Layer-2 blockchain. Luca Netz, CEO of Pudgy Penguins, states that it will “change the dynamic of how users interact with blockchain technology and easily merge both the real and digital worlds.”Upon its debut in January 2025, community reactions were mixed – but the team behind it stayed committed. They’ve continued to build, with apps, tools and…

Ethereum’s highly anticipated Pectra upgrade could set the stage for the next phase of the 2025 crypto market cycle, according to analysts, even as Ether continues to underperform Bitcoin.The Ether (ETH) price fell over 32% during February, finding a local bottom at an over two-month low of $2,073 before recovering to the current $2,245 mark, Cointelegraph Markets Pro data shows.ETH/USD, 1-year chart. Source: CointelegraphEthereum’s upcoming Pectra upgrade, scheduled for March 5, could help ease long-term selling pressure, according to Gabriel Halm, a research analyst at blockchain intelligence firm IntoTheBlock:“While Ethereum’s upcoming Pectra upgrade won’t necessarily trigger an instant price bump,…

Ethereum’s native token, Ether (ETH), posted a new yearly low at $2,070, which is also the lowest since Jan. 1, 2024. The second-biggest cryptocurrency dropped 7.40% on Feb. 28, leading to over $200 million in liquidations over the past 24 hours. Ethereum1-day chart. Source: Cointelegraph/TradingViewWith ETH price now testing two-year lows, 0xLouisT, a crypto investment manager, says that Ether’s social sentiment is “at its lowest in the past 12 months”. Ethereum’s weekly close nears 2-year lowsEther price is down 24.50% in the past seven days, its worst weekly turnover since 2022. A weekly close below $2,300 will mark its lowest since November…

Cardano price stabilized on Sunday as traders waited for more details about the Charles Hoskinson VIP meeting. Cardano (ADA) token was trading at $0.6610 on Sunday, up 15% above the lowest level last week.  A key catalyst for Cardano was the much-hyped meeting between Hoskinson and a VIP. Speculation was that he would meet with either President Donald Trump or Elon Musk, the head of the Department of Government Efficiency or DOGE. Odds of Hoskinson meeting with Trump rose after he sent an X post claiming that he would miss the ETH Denver event for a trip to Florida. Trump…

Ethereum’s highly anticipated Pectra upgrade could set the stage for the next phase of the 2025 crypto market cycle, according to analysts, even as Ether continues to underperform Bitcoin.The Ether (ETH) price fell over 32% during February, finding a local bottom at an over two-month low of $2,073 before recovering to the current $2,245 mark, Cointelegraph Markets Pro data shows.ETH/USD, 1-year chart. Source: CointelegraphEthereum’s upcoming Pectra upgrade, scheduled for March 5, could help ease long-term selling pressure, according to Gabriel Halm, a research analyst at blockchain intelligence firm IntoTheBlock:“While Ethereum’s upcoming Pectra upgrade won’t necessarily trigger an instant price bump,…

New research on Ethereum suggests a decentralized random block proposal system to replace the current architecture that has concentrated power among a few entities. Despite Ethereum’s (ETH) shift to Proof of Stake and adoption of Proposer-Builder Separation (PBS), approximately 80% of Ethereum blocks are currently proposed by just two entities. This concentration undermines the network’s decentralized foundation and allows these entities to hold most of the maximum extractable value (MEV). The proposed solution would fundamentally change Ethereum’s block creation process. Instead of specialized builders constructing blocks, all Ethereum clients (like Geth and Nethermind) would use an identical random algorithm to…

AVAX’s price trend has been bearish throughout February Bullish divergence could see a nearly 10% price hike Avalanche [AVAX] has retraced all the gains it made since November. At press time, it seemed to have a strong demand zone just below $20, but it was unclear if this zone could reverse the strong downtrend behind AVAX. On the daily chart, the altcoin has been trending downwards since late January, when the asset made a lower low below the $35 support level. Its momentum remained firmly bearish, but a bullish divergence began to form as it approached the $20-support. AVAX faces…

In a significant development for one of crypto’s largest non-profits, the Ethereum Foundation (EF) has revealed a new leadership structure consisting of two co-directors. This move comes after backlash from community members on the recent struggles and issues of the ETH ecosystem. EF Introduces Two Executive Directors On Saturday, March 1, the Ethereum Foundation unveiled its new leadership structure consisting of two co-executive directors — Hsiao-Wei Wang and Tomasz Stańczak. This new structure will come into place following the changes that saw former executive director Aya Miyaguchi take up the role of the organization’s president. Wang, a core researcher at…

The Bitcoin price continues to dance within the newly formed $80,000 – $85,000 range, showing some level of indecisiveness in its movement. Since the premier cryptocurrency lost its hold above $90,000, investors have wondered whether the ongoing correction is a “buy the dip” opportunity or the market top is in. While there is no surefire way to put these doubts away, on-chain data can provide relevant insights into what is to come. The latest on-chain data suggests the highlighted level below is the one to watch before investors return to the market. Level To Watch Before ‘Buying The Dip’ In…