New statistics show that Ethereum (ETH) whales are gobbling up gaming and social altcoins as the crypto market recovers from its latest pullback.

According to recent data, the total amount of ether (ETH) locked in the Ethereum 2.0 deposit contract is rapidly approaching the nine million mark. This means that more than 7% of the total ETH supply is currently staked in the ETH 2.0 contract.

Ethereum started a fresh increase above the $3,750 level against the US Dollar. ETH price is now struggling to gain pace above the $3,850 zone.

The battle between buyers and sellers is ongoing at the key $4,000 level. So far, the sellers managed to push the price below it after a short incursion from bulls. At the time of this post, the $4,000 level is acting as a resistance, and if the buyers manage to turn it into support, then ETH can rally further.

What happened: Just yesterday a total of 7,011.29 Ether ETH worth $29,144,302 was burned from Ethereum transactions. The net annualized issuance rate for Ether yesterday was 1.93%.

In its effort to be faster and more energy-efficient, the Ethereum blockchain (version 1.0), which is the second-largest cryptocurrency network, has also now set out to upgrade to Ethereum 2.0 and a process called staking is one of the key changes.

Because of the continually high transaction fees caused by soaring markets, the Ethereum network has suffered consecutive weeks of negative supply issuance. A tin...

The Bored Ape Yacht Club (BAYC) is an exclusive community for holders of the ape and mutant themed NFT collections on Ethereum’s blockchain. Commonly referred to as the Bored Apes, only 10,000 generative art pieces will ever be in existence.

Despite presumably being an interesting option for traditionally minded investors, trading volumes of European ethereum (ETH)-backed exchange-traded funds (ETFs) have struggled during the second half of this year. In Canada, on the other hand, the trend is moving in the opposite direction, indicating strong North American demand for ethereum ETFs.

ETH is currently the second-largest cryptocurrency with a market cap of nearly $400 billion after Bitcoin and is a dominant platform for non-fungible tokens, decentralised finance, etc.

The festive season has arrived and retail investors are still debating whether smart money is actively trading or taking the time off, retiring briefly from their trading desks. Regardless, crypto continues to trade 24/7, and price action and volume continue to be an analyst’s only concerns.

A brief technical and on-chain analysis on Ethereum price. FXStreet's analysts evaluate why ETH could soon reach new all-time highs. Please, subscribe to our YouTube channel and follow us on Twitter @FXScrypto.

The non-profit organization that backs Ethereum has announced a new initiative to the benefit of the infrastructure supporting this blockchain. Launched to contribute to the network’s health and decentralization, according to an official post, the Client Incentive Program will promote diversification in the Ethereum ecosystem.

Ethereum price analysis is bullish today as we expect more upside over the next 24 hours after breaking above previous resistance yesterday. Likely ETH/USD will move to $3,900 resistance next, continuing to recover last week`s loss.

A note from analysts at JPMorgan has revealed that Ethereum could lose its dominance of the DeFi space soon.

Gary Gensler, the chairman of the SEC, noted the need for regulations in the crypto industry.

Terabethia, an asset mirror Tech Company, and cross-chain contract communication were created by Psychedelic, a Web 3.0 development firm that creates solutions exclusive for the Internet Computer. Users will be able to replicate and utilize any of the available Ethereum tokens, Nonfungible and fungible, on the Internet Computer Blockchain and vice versa, thereby converting the Internet Computer into a layer-two scaling solution for Ethereum, starting with the Internet Computer and Ethereum.

Ethereum co-founder Vitalik Buterin set up a pair of polls on Twitter asking his followers if 80% of all transactions and savings in the year 2035 are in one currency and it is not ether, which currency they would prefer it to be. He asked them to choose from a number of cryptocurrencies including bitcoin, cardano, solana, tron, and Binance coin.

A brief technical and on-chain analysis on Ethereum price. FXStreet's analysts evaluate how ETH retested key support before advancing further. Please, subscribe to our YouTube channel and follow our technical analysts on Twitter @FXScrypto.