Ethereum network activity ETH is a good metric to define and understand measurements and their directions. Whereas bear trends are indicated by lower lows and upwards are indicated by higher highs.
As reported by Glassnode, the Ethereum market continues its downtrend as the number of ETH addresses continues to decline. Ethereum transaction volume ETH is another trend indicator that is at a multi-year low and has been on a decline since 2021 and is at a low of 1.22 million ETH on June 5. The price of Ethereum has dropped. refused Later, due to a decrease in payment transactions of ETH and buying NFTs.
Ethereum Testnet Now Live!
Ethereum PoS merge transition planned to go live soon Ropsten Testnet Given the current hash rate. Tim Beiko, an Ethereum core engineer, has said previously that the network’s longest-running PoW testnet was transitioning to proof of stake with the merge taking place on June 8.
Also CNBC’s Mad Money host Jim Cramer, a follower of cryptocurrencies, bets mostly on bitcoin and ethereum. And a speculative investor holding less than 5% of a portfolio tells CNBC, “I can’t tell you not to own crypto; I own Ethereum.”
Adding to this, Cramer also said that he bought ETH to bid on non-fungible tokens (NFTs) at a charity event. He quoted: “They wouldn’t let me do dollars. I had to buy it on Ethereum, so I did some research, and it has a lot of features that I love.”
The long-term value of crypto is its timeliness as a decentralized, peer-to-peer currency, which can gain widespread use over time. Cramer further adds bitcoin and ethereum has the biggest following and seems to be the most legitimate. Owning crypto is a good short term bet that gives inventors the advantage of price fluctuations but people should never borrow money to buy crypto because this market is never stable and no one knows its value How much can it fall in?