Category: Cryptocurrency News

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According to on-chain analysis, some Ethereum indicators are showing signals that whales are continuing to accumulate the cryptocurrency. Ethereum Shows Negative Netflows As Exchange Reserves Continue The Downtrend As pointed out by a CryptoQuant post, ETH indicators seem to be moving in directions that suggest whales are continuing to accumulate. There are three important metrics to consider here: the all exchanges netflow, the all the exchanges reserve, and the unique Ethereum 2.0 depositors count. The all exchanges netflow is an indicator that shows the net amount of ETH entering or exiting centralized exchanges. When the metric has a negative value, it means more coins are being transferred out of exchanges to personal wallets than the crypto entering in. Such a value could indicate a buying pressure in the market as more investors are interested in hodling or OTC deals. A positive value suggests just the opposite; exchanges are receiving more Ethereum than the amount moving outwards, and thus there could be a selling pressure in the market. Here is how the ETH all exchanges netflow chart looks like: Ethereum continues to observe negative netflows As the above graph shows, the indicator has been showing negative spikes for the cryptocurrency recently. Negative netflows are usually associated with an increase in the price, like the uptrend the crypto is experiencing right now. Related Reading | Institutional Investors FOMO For Ethereum Exposure The next indicator is the all exchanges reserve, which gives the total amount of ETH present in exchange wallets. A rise in this value means more ETH is being transferred to exchanges for selling purposes. Similarly, a decrease means more investors are looking to hodl their coins in personal wallets. Below is the chart for the Ethereum all exchanges reserve: The Ethereum all exchanges reserve continues the downtrend Looks like the value of this metric has been going down in recent months. The trend makes sense as the netflows have been largely negative during the period. Such a decrease in the exchange reserves means more whales are continuing to accumulate ETH rather than looking for a dump. Related Reading | TA: Ethereum Prints Bearish Technical Pattern, Why It Could Nosedive Finally, there is the ETH 2.0 unique depositors count that shows the number of accounts who have staked at least 32 ETH. The metric’s value has been going up as more of these whales are becoming interested in staking their coins, as the below chart shows: The ETH 2.0 depositors count goes up Ethereum Price At the time of writing, ETH’s price floats around $3.2k, up 1.8% in the last 7 days. Here is a chart that shows the trend in the price of the cryptocurrency over the past three months: After a plunge, Ethereum’s value is now sharply going up | Source: ETHUSD on TradingView Featured image from Unsplash.com, charts from CryptoQuant, TradingView.com

.. if we continue being this active. I present a pattern I found yesterday. [c01] The scatter-plot chart shows the relationship between formula for horizontal axis and actual Moon Karma from CSV files on vertical axis. Round 17 (top-right red circle) is an estimate, which fits in the general pattern. Those familiar with data science…
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It’s unclear why both asset managers chose to apply for and withdraw seemingly similar applications for Ether ETFs on the same days.

Ethereum pushes further into previous highs north of the $3,000. The second cryptocurrency by markets cap recently received a major upgrade, implemented via the “London” Hard Fork. This changed the network’s entire fee model and, according to some experts, has attracted new investors into the market. Thus, the main cryptocurrencies by market cap have seen renew bullish momentum. In a recent call, Ethereum Core developers discussed the hard fork and talked about their priorities for the coming months. Core developer Tim Beiko summarized the main points discussed on the call and the roadmap for the next six months. In a previous post, Beiko said that the hard fork went “smoothly” overall. However, client teams highlighted certain aspects of the pre and post-London process. It is a bit early to make a final call given that we're still early in the merge work itself, but definitely something we will follow up on in the coming weeks/months. — Tim Beiko | timbeiko.eth (@TimBeiko) August 20, 2021 First, the client teams said that the “speed and lack of clear success metric” for the testnet to mainnet deployments have been an issue. Ethereum client teams feel the process is “quick”, “somewhat forced”, and with a lack of agility to react to problems. Thus, they proposed 4 solutions to improve this issue. First, developers and clients should agree on a specific period that a testnet must meet to be declared successful and implemented on a mainnet. In addition, they proposed to pre-defined the path to be taken if a problem or bug is encountered. Once a fixed has been implemented, the testnet would need to run for more weeks to declared it successful. To complement the above proposition, the client teams believe an “automated alert” system could be implemented to operate if an issue is found on a testnet. Alongside a “checklist of required infrastructure for testnet forks”. The Road To Ethereum 2.0, Merge On The Horizon Once the Ethereum London Hard Fork was rollout on the mainnet, Beiko said, client teams found it hard to see the changes “actually implemented” besides those described in the EIPs. Thus, they also proposed to “leave enough time” for client teams to explore the tooling and infrastructure aspects of a hard fork. In that way, they can “help design the non-consensus interfaces”. Despite that the hard fork, and probably its more important update, EIP-1559, were successfully introduced, developers agreed that they will make more improvements over time. Ethereum core developer Beiko said: Every team mentioned that, in addition to the consensus changes introduced by the merge, they have a lot of work to do on their clients to improve performance, modularize their architecture to support proof of stake, and onboard new developers. Core developers and client teams agreed to postpone the difficulty bomb, the increase in the network complexity of puzzles for its Proof-of-Work chain, and add “other one-line changes”. Other EIPs will be rollout on the mainnet after the Merge. The latter refers to the event that will allow the beacon chain, the network’s Proof-of-Stake blockchain, to be combined with its Proof-of-Work blockchain. Beiko added: (…) there was some conversation on the call about what to do about the various EIPs which are “pending”. We discussed potentially adding them into the first fork after the Merge, but it’s something we need to do more serious planning around. At the time, Ethereum (ETH) trades at $3,264 with a 6.5% profit in the 24-hour chart.

I bought a Ledger Nano X and it isn’t able to be charged past 3%.. I’ve contacted ledger but no response so far. Any suggestions? submitted by /u/alanhua18 [link] [comments]