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Ethereum News
Coindoo
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Vitalik Buterin Proposes New Node Type for Scalable Ethereum
- Vitalik Buterin proposed a new type of node, called 'partially stateless nodes,' for scalable Ethereum network.
- The proposal aims to maintain personal nodes' ability to provide local, trustless, and censorship-resistant access to ETH data as the network scales up.
- These new nodes will verify the blockchain statelessly and store a configurable subset of the Ethereum state, allowing users to control their local access and data footprint.
- Buterin's recommendations include EIP-4444 rollout, distributed history storage implementation, and gas pricing reforms to support the transition towards more scalable and efficient Ethereum nodes.
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Coin Telegraph
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Why is Ethereum (ETH) price down today?
- Ether's price fell over 5% to $2,380 on May 19, along with the broader cryptocurrency market.
- Long liquidations were seen with ETH's price drop, with over $255 million worth of ETH positions liquidated in the last 24 hours.
- The US credit rating downgrade by Moody’s triggered market uncertainty, leading to higher Treasury yields and a 'risk-off' sentiment.
- ETH price lost key support levels, with focus now on the $2,330 to $2,274 range for potential retracement before a possible rally.
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Crypto-News-Flash
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Vitalik Proposes EIP-4444 and Stateless Nodes to Scale Ethereum Responsibly
- Ethereum co-founder Vitalik Buterin has proposed a full rollout of EIP-4444 and other short-term priorities to enhance network performance while maintaining personal node visibility.
- The value of ETH has decreased by nearly 5% in the last 24 hours as it struggles to hold above a crucial support level.
- The proposed priorities include implementing EIP-4444 to reduce disk space requirements, developing a distributed history storage solution, and adjusting gas pricing for storage and execution.
- In the medium term, Vitalik suggests stateless verification to enable running an RPC-capable node without storing state Merkle branches, which could decrease storage requirements by around 2x.
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TronWeekly
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Ethereum Faces Resistance as Whales Offload $17.76M ETH
- Ethereum whales sold 7,312 ETH valued at $17.76M and made a $4.49M profit in three hours.
- ETH decreased by 4% to around $2,443 amidst $158 million in leveraged liquidations and market anxiety.
- Key resistance levels for Ethereum are at $2,460–$2,580; a breakout above $2,580 could trigger a rally towards $2,700–$2,780.
- Whale movements offloading large ETH holdings have led to concerns about short-term price movements, with Ethereum struggling near $2,400.
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Coinpedia
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Ethereum’s $4,300 Test: Can the ‘Microsoft of Crypto’ Lead XRP and Dogecoin Higher?
- Real Vision CEO Raoul Pal remains very positive about Ethereum, comparing it to the 'Microsoft of Crypto' and believing in its potential to lead the future financial system.
- Pal thinks Ethereum could outperform Solana in the long run due to its trust, reliability, and strong developer community, especially with the support of banks and big companies.
- He anticipates Ethereum crossing $4,300 and suggests coins like XRP and Dogecoin might also perform well as the crypto market tends to move together.
- Analysts predict a potential breakout for Ethereum as it faces resistance near $2,540-$2,550, with indicators like MVRV Ratio flipping bullish and whales accumulating ETH, leading to a positive buying momentum.
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Cryptopotato
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Ethereum Will Outperform Solana This Bull Market: Arthur Hayes
- Arthur Hayes believes that Ethereum will outperform Solana in the current bull market due to Ethereum's strong fundamentals and industry dominance despite facing criticism.
- Hayes mentioned that Ethereum has the most Total Value Locked (TVL), developers, and is the most secure proof of stake blockchain, which contributes to its performance potential.
- While Solana saw significant growth during the meme coin frenzy, Ethereum remains the industry standard for DeFi, dApps, stablecoins, and real-world asset tokenization, holding a dominant market share in each category.
- Hayes also shared his predictions for Bitcoin, expecting BTC dominance to rise with a potential price target of $250,000 by the end of the year and further growth fueled by pressures on the US dollar.
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Coindoo
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Ethereum Catches Up, But Market Still Cautious on Allocation
- Last week's Ethereum momentum was driven by market mechanics like position unwinding and rebalancing rather than fresh capital influx.
- Investment enthusiasm for Ethereum remains low despite recent uptick according to Duong, who suggested the price move does not reflect strong investment appetite.
- Bitcoin's outlook appears more positive as it continues to strengthen and could expand its market dominance due to a favorable macroeconomic backdrop.
- Geopolitical tensions in Asia, particularly Japan's upcoming elections, may impact trade discussions and add uncertainty despite positive factors in the US-China relationship.
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Cryptopotato
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Ethereum Price Analysis: Can ETH Continue its Run as Major Resistance Levels Approach?
- Ethereum's price surged above $2,600 but is facing resistance near $2,900.
- Technical analysis suggests a potential pullback towards $2,200 if the $2,900 resistance holds.
- On the sentiment side, short liquidations near $2,400-$2,600 indicate a cooling off period for ETH.
- There may be a consolidation or correction phase before Ethereum's price can witness meaningful continuation.
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Medium
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Mastering Financial Literacy: The Key to Wealth, Stability, and Empowered Living
- Financial literacy is the ability to understand and use various financial skills for personal financial management, budgeting, investing, and retirement planning.
- Financial literacy empowers individuals to make informed decisions, avoid debt traps, build credit, generate wealth, and plan for the long term.
- Core pillars of financial literacy include budgeting, saving, investing, debt management, retirement planning, insurance & risk management.
- Real-life benefits of financial literacy include avoiding scams, better credit scores, improved saving and investing habits, early retirement possibilities, and financial security.
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Zycrypto
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Ripple’s XRP & Ether Lead Altcoin Traders’ Drive Following De-escalating US Macro Tensions
- Altcoins, including Ethereum (ETH) and XRP, are experiencing upward movement alongside Bitcoin as traders explore new price levels not seen in months.
- Ethereum and XRP are leading in terms of market cap and hourly growth rates, with Ethereum's price surging by 3% in the last 24 hours and over 41% for the week, indicating a positive trend for altcoins.
- Institutional demand for Ethereum is increasing significantly, with price breaking the $2,500 mark driven by inflows and expected to reach $3,000 in the short term if accumulation by institutional funds continues.
- The de-escalation of trade tensions between the United States and China following a 90-day pause on most tariffs has positively impacted financial markets, boosting trader confidence and leading to a new wave of institutional inflows in assets like Ethereum and XRP.
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Newsbtc
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Ethereum Price Struggles To Hold Above $2,500 — Watch Out For This Support Level
- Ethereum's price surged by more than 35% in the past two weeks but struggled to hold above $2,500 after nearing $2,700.
- Prominent analyst Ali Martinez identified a key support level for Ethereum around the $2,354 - $2,430 zone, where 2.64 million addresses purchased 63.9 million tokens.
- Investors with cost bases in this support zone are expected to defend their positions by buying more tokens if the price falls towards $2,400, providing an on-chain cushion for ETH price.
- As of now, Ethereum's price is around $2,480 with a slight 0.7% increase in the past 24 hours but down by nearly 4% on the weekly timeframe.
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TechBullion
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Missed ETH and BNB ICO’s? Don’t Miss Out On The Next 1000x Viral Sensation
- ETH and BNB ICOs have seen massive gains, but all eyes are on Remittix's upcoming ICO, with predictions of 1000x returns.
- ETH has recently experienced a 54% increase, with expectations of reaching $3,250, fueled by the Pectra upgrade.
- BNB's recent spike may face exhaustion or see a retracement, but still stands to gain around 24.5%.
- Remittix aims to revolutionize cross-border payments with low fees, quick transactions, and connection between crypto and traditional finance.
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Crypto-News-Flash
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ETH Accumulation Phase Begins Anew—What’s Next for Ethereum Price?
- Ethereum (ETH) enters accumulation phase with 230K tokens moving from exchanges in a day.
- Holders of 10k to 100k ETH aggressively accumulate 520k ETH in one day.
- Ethereum price retreats to $2,486 with a market cap of $300 billion after hitting $2,700.
- On-chain analysis indicates potential upsurge in Ethereum as buying pressure rises and staking activity increases.
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TronWeekly
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Ethereum vs Bitcoin: 51% Attack Debate Heats Up as Security Concerns Rise
- Ethereum's PoS mechanism makes a 51% attack financially impractical, estimated at over $44 billion.
- Bitcoin's PoW model exposes it to cheaper attacks, potentially costing only $8–10 billion, sparking security concerns.
- Ethereum and Bitcoin are engaged in a security debate amidst Ethereum's efforts to assert dominance in scalability, data availability, and its monetary role.
- Ethereum's move to PoS through the Merge makes it more robust against attacks, with over $44.8 billion staked, while Bitcoin faces vulnerabilities due to decreasing security funding.
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Bitcoinist
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Ethereum’s Price Explodes 97%, Hits $2,743 – Here’s The Next Target
- Ethereum's price has surged by 97% since April 7, reaching $2,743, indicating strong bullish momentum in the broader crypto market.
- Analysts are optimistic about Ethereum's price trajectory, noting its potential to break its all-time high with a target of $3,200 if it overcomes the resistance at $2,640.
- Technical indicators suggest a bullish outlook for Ethereum, with key levels of support at $2,550 and resistance at $2,650, while the RSI indicates a neutral market sentiment.
- The market is closely watching Ethereum's next moves, anticipating whether it can sustain its upward trend and break through key resistance levels to continue its rally.
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