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The token powering the largest smart contracts ecosystem is currently trading at $1,738 while bulls battle a seemingly strengthening bearish grip. advertisement With support at $1,700 staying intact coupled with building optimism ahead of the United States Federal Open Market Committee (FOMC) meeting later on Wednesday, Ethereum price could embark on an upward trajectory targeting $1,800 and $2,000 price points, respectively. Can US Fed Rate Decision Trigger Ethereum Price Rally? According to this Analysis of Bitcoin Price, investor confidence received a boost following the release of the CPI report, which revealed a year-on-year inflation deceleration to 4.9% in April, modestly undercutting the predictions made by market watchers interviewed by Dow Jones survey. Later today, the FOMC meeting will decide wh ETH er to pause interest rate hikes, which have been maintained since Q1 2022. There is a higher probability of a pause following earlier communication...

Ethereum has grown in popularity over time. Because of its rising usage, ETH has become a popular cryptocurrency and has evolved into the second-largest one. Even though there are multiple sites for buying, trading, and sending Ethereum, users wonder wh ETH er they can do the same on the Cash App . Even though the application is called “ Cash App ,” it allows users to send and receive Bitcoin. However, can users buy Ethereum using the app? Before that, let us get to know the app a little better. What is Cash App? The Cash App , which was formerly known as Square Cash, is a mobile payment service that was released in 2013. It was developed by Square, Inc., with its services available in the US and the UK. Using a smartphone app, users can send and receive money between and among friends, family, and companies. Peer-to-peer money transfers, the opportunity to buy and sell Bitcoin, a card to make purchases, and the choice to invest in stocks and cryptocurrencies are just a fe...

There’s magic in numbers and numbers are magical in the world of cryptocurrencies. A $1,000 investment could balloon to $1 million and might also go to $10 the next day. Such is the volatility of the cryptocurrency markets. Impeccable timing for an entry and exit position could make or break a holder’s portfolio. One such lucky investor invested a mere $733 in 2015 and saw his portfolio balloon to $4.36 million. The phenomenal yet life-changing profits occurred eight years. Also Read: Is Shiba Inu Incapable of Reaching $0.01? This Cryptocurrency Turns $733 Into $4.36 Million In 8 Years Source: newsbtc.com A mysterious and unknown investor purchased the Initial Coin Offering (ICO) of Ethereum back in July 2015. During the ICO, ETH was priced at $0.31 and the investor purchased $733 worth of Ethereum. Therefore, the investor got to accumulate 2,365 ETH for a mere $733 during that period. You can check the wallet details on Etherscan.io for a better and more in-depth understanding...

The long-awaited Shanghai update of Ether eum has been released as planned on Wednesday night. This update now allows users to withdraw previously staked Ether eum on the network, a feature that was not available before. The update also brings a new approach to staking withdrawals, eliminating the need for users to submit specific withdrawal requests and pay transaction fees. With this new approach, withdrawal requests are not in competition for execution layer block space. Also read: Dogecoin (DOGE) Spikes by 5% After Interesting Twitter News Surface However, the major upgrade caused some trouble for the users, as many were having trouble withdrawing their staked ETH . Around $1.4 billion worth of Ethereum stuck in withdrawal queue According to the details from Nansen, users were facing a withdrawal queue of over $1.4 billion on Thursday. The much-awaited Shapella upgrade was expected to unlock over $30 billion worth of ETH er. There were also no comments rega...

Cryptocurrencies continue to thrive, despite the wobbly macro-environment. However, institutions have not yet joined the celebrations. Last week, Watcher Guru reported that digital asset investment products noted outflows for the fifth consecutive week, totaling $255 million. The same equated to the largest single weekly outflows on record, representing 1% of total assets under management. Well, the same outflow tale has been renewed at the moment. According to the latest data from CoinShares, institutions continue to ditch Bitcoin and Ethereum. However, they are collectively betting on Altcoins like XRP, Solana , Litecoin, and MATIC instead. As illustrated below, roughly $113 million worth of Bitcoin and $13 million worth of Ethereum have been sent out by institutions over the past week. On the other hand, they added Litecoin, Solana, Polygon, and XRP worth $1 million in aggregate. Source: CoinShares Also Read: Bitcoin Could Reach $100,000 Within 12 Months: Messari Fo...

Alongside Bitcoin, even Ethereum has been breaking barriers and claiming new highs. Over the past week, the largest altcoin has rallied by around 15%. In fact, on both Saturday and Sunday, i.e. March 18 and 19, ETH created highs around $1841. Furthermore, on the daily timeframe chart, Ethereum has managed to flip its downtrend resistance into a support level. In fact, after breaking above the downtrend, ETH swiftly sprung up and registered a ~30% incline. ETH/USDT by TradingView Also Read: Ethereum’s Vitalik Buterin Recommends These Wallets for “Self Custody” “Ethereum to $2k” Narrative Gets Stronger Given the latest rise, the percentage of addresses in profit has increased in tandem. According to data from Glassnode, the same attained a 10-month high of 65.349% on Monday, March 20. A rise in returns usually triggers “tourists” or “paper hands” to book profits and exit. Even though we might see a mini-sell-off in the days to come, it should be noted that the Et...