Ethereum    Create Post

Cryptocurrency ether broke past $3,000 on Monday to set a new record high in a dazzling rally that has outshone the bigger bitcoin, with investors betting that ether will be of ever greater use in a decentralised future financial system.

Ether , the token transacted on the ethereum blockchain, rose 3% on the Bitstamp exchange to $3,144.81 in morning deals in London. It is up 325% for the year so far, easily outpacing a 95% rise in the more popular bitcoin.

In part, the big rally is a catch-up to late 2020 gains in bitcoin, said James Quinn, managing director at Q9 Capital, a Hong Kong cryptocurrency private wealth manager.

It also reflects improvements to the ethereum blockchain, he said, and a growing shift towards "DeFi", or decentralised finance, which refers to transactions outside traditional banking for which the ethereum blockchain is a crucial platform.

"At first, the rally was really led by bitcoin because as a lot of the institutional investors came into the space, that would be their natural first port of call," Quinn said.

"But as the rally has matured over the last six months, you have DeFi and a lot of DeFi is built on ethereum."

The launch of ether exchange-traded funds in Canada and surging demand for ether wallets to transact non-fungible tokens such as digital art have also pushed up the price.

The ether/bitcoin cross rate has soared more than 100% this year and hit a 2.5-year high on Sunday, pointing to a degree of rotation into the second-biggest cryptocurrency as investors diversify their exposure.

...

https://www.reuters.com/technology/ethereum-breaks-past-3000-2021-05-03/

Justin Roiland, the co-creator of the Adult Swim cartoon series Rick and Morty has joined the growing trend of celebrity artists creating non-fungible token (NFT) artwork. After the animator released the collection called “The Best I Could Do” on the NFT auction house Nifty Gateway, the artwork sold for over $1 million in ether.

https://news.bitcoin.com/rick-and-morty-creator-sells-nft-art-collection-for-over-1-million-in-ether/

https://blockchain.news/news/ethereum-recording-massive-retail-storm-as-number-of-ethereum-addresses-hit-another-ath

While the number of Ethereum addresses with at least a 0.1 ETH in them jumped to a record high yesterday, the market bulls have maintained the momentum as the Ethereum addresses with the same number of Ether locked in them has surged to a new all-time high (ATH) of 3,726,395, a slight increment from the previous ATH of 3,726,002.

The run-up to setting the new milestone is not surprising as Ethereum bulls have been ambitious in their push to steer Ethereum price to hit and surpass its all-time high above $1,432.88, a feat it recorded back in January 2018. At the time of writing, Ethereum’s current price is just 7.96% away from its all-time high and is trading at $1,326.00, a 10.2% surge in the past 24 hours.

The number of validators on the Ethereum 2.0 blockchain has topped a milestone of 60,000 in only six weeks of being live.

According to the Beacon Chain analytics platform, there are currently 60,189 active validators on the network with a further 16,156 waiting in the queue. BeaconScan is reporting similar figures which means the network, which was launched on Dec 1, is more secure than ever.

The validator milestone was noted by the Ethereum community’s Josh Stark who compared the ETH 2.0 validator numbers with rival blockchains.

https://beincrypto.com/ethereum-2-0-validators-top-60k-eclipsing-killer-rivals/

This is amazing for ETH. Altcoin season is coming

Ever imagine Vitalik Buterin creator of Ethereum being interviewed by Andreas M. Antonopoulos? @amantonop
We invite the entire Bitcoin and Ethereum community to this exclusive interview TODAY on @LaBitConf, from Cryptobuyer we will be present in this historic talk.
We're waiting for you at our Virtual Stand! ONLINE AND 100 % FREE 👉 @labitconf http://www.labitconf.com/

https://tornadocash.org/

If you want to send ETH anonymously, tornadocash.org is the best way to
make anonymous transaction. There are three simple steps you can take
even if you're not the tech-savvy type.

Use TornadoCash.org to send ETH anonymously

Mask your IP address

Use/Create a web3 wallet

Read all article on

https://altcoinn.com/showthread.php?tid=7729


https://tornadocash.org/

https://cointelegraph.com/news/ether-fees-nearly-double-as-24-hour-trading-volume-tops-50b

Ethereum network fees continue to climb, with the average value topping out at $17.43 per transaction, according to data from YCharts. As previously reported by Cointelegraph, average fees were at about $10.20 on Monday.

The $17.43 per transaction constitutes an all-time high in average Ethereum fees, beating the previous record of $12.54 back in September during the height of decentralized finance mania. As of press time, Ethereum transaction fees have declined significantly, with a median fee of $1.63, based on data from Etherscan, ETH Gas Station and Gas Now.

Ethereum will probably break its previous ATH (All-Time-High) very soon.

The previous All time High was $1,448 on January 13, 2018.

Now the price is close to $1,300.

Another All-Time-High will most likely happen very soon!
🚀🚀🚀

I need some Ethereum if anyone can send it to me.

0xD7fc2d05B9cb8aB61b7b41d4B1dbfD260C39B614

Ethereum has been consolidating for the last three trading days after buyers failed to break above key short-term resistance near the $420 level.
Now, on-chain analysis reveals that ETH buyers are preparing for a second attempt.
https://cryptobriefing.com/ethereum-facing-large-price-move-according-on-chain-data/

Eth to $2000

The price of Ethereum continues to approach its all-time high.

Ethereum continues to have a good week: it's risen 10% today, which brings it to a 66% increase over the past seven days.

In a little over an hour, the price climbed from $1,225 to around $1,280.

This is dangerously close to a new all-time high - Ethereum last broke the record, $1,432, on January 13, 2018.

The rest of the market is also performing well. The global crypto market cap surpassed $1 trillion for the first time earlier this week thanks to the success of Bitcoin, which sits at around $40,800 as of this writing. The price of Bitcoin has risen by almost 25% this week.

Why the rise? Why any rise?

Much ado was made about a supposed claim from an Ethereum whale for a long position of over $1 billion on Bitfinex. Claiming a long position on Bitfinex means to pay off all loans initially taken out to increase exposure to ETH, and to keep holding the asset.

Some onlookers thought that this means that the whale, whose sudden dump could hurt the market, intends to keep their ETH because they expect the bull run to continue.

"1.4MM ETH ($1.7B) long claimed on BitFinex. Was being built since Feb-March. Majority of the size was put on sub $200, over $1B in pnl.

Interesting time to close 1 month before CME futures and launch and below ATH but at $1200 level of interest."

But Darius Sit, founder of QCP Capital, told Decrypt that the whale was "just taking profit," and "wouldn’t read into it more than that."

Whale activities since last year sparked an uproar on social media, especially Twitter. Not surprising since handles like Whale Alert shares some interesting details about massive holders of crypto through the platform. The crypto space are already witnessing some unusual asset movement which could signify that whale transfers.

Also, Bitfinex continually speaks on its Ethereum market known as the long through the same platform. The firm also shared some inside information like the longs that still in its market. 2020 saw some massive inflow of longs which could suggest the increased demand in Ethereum. Presently, ETH is one of the largest cryptocurrencies in the world which makes it an easy option for retail and heavy buyers.

Large inflow of longs led to closure
The influx brought some controversies, where some claimed that the figures were false. At the end, analysts explained that the statistics were true and encouraged new investments. A whale created the long opening which the firm eventually shared its feed to its Twitter followers. Not long after its opening, the whale started closing the position. The position which is worth almost $2 billion on the exchange faces the closure in current times which is linked to the term ‘claim’.

ETHEREUM BREAKS $700🚀

Let's send Ethereum (ETH) to $1000 as soon as possible!🔥

Altseason soon?🤔🚀