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Join Our Telegram channel to stay up to date on breaking news coverage Ethereum fell below a crucial support level of $1,400 to the $1,340 level. However, going by indicators signs, it is likely that Ethereum price will rebound upwards soon. Ethereum Analysis Statistics Data : Ethereum value now: $1340 ETH’s market cap: $162.60 billion ETH’s moving supply: 122.4 million The overall supply of Ethereum: 122.4 million Ethereum’s Coinmarketcap ranking: #2 As a result, it is important to critically study this market for the sake of coming up with profitable trading decisions. We shall also look into the ETH/BTC market to determine useful decisions for traders who are trading in this market. Major Price Marks: Top Levels: $1340, $1400, $1450 Base Levels: $1300, $1260, $1200 Ethereum Falls Lower but May Soon Reverse Trend, Invest in Tamadoge Today Not too long after the Ethereum merge, the ETH/USD  price action broke a key support level to the downsi...

Bitcoin dominance is rising, but so is Ethereum’s share of market dominance among its altcoin competitors. Cointelegraph explains why. Ethereum has been the dominant smart contract and decentralized application (Dapp) network since its inception. An analysis based on Ether’s price (ETH), and its market capitalization, shows indisputable evidence that the blockchain has been gaining market share over time.  Ether market capitalization dominance (%). Source: TradingView As shown above, Ether’s dominance in market capitalization terms grew over the past couple of years, from an 18% average in July 2021 to the current 20%. Excluding Bitcoin (BTC) from the Analysis , Ether’s market share presently stands at 40.6%, while the next competitor, BNB, holds a 7.2% share. This shows the disparity from the leading Dapp-focused network to the incumbents, which is also evident when analyzing the total value locked (TVL) on each network’s smart contracts. Ethereum is the absolute leader with $24.6...

Ethereum DeFi TVL Shrinks by $7.84B in One Year Ethereum, the time-tested pioneer in the DeFi realm, has experienced a tumultuous journey with regard to its Total Value Locked (TVL). Though it has shown resilience in the face of shifting market tides, Ethereum’s position has faced formidable challenges from rising stars in the space like Optimism (OP), Tron (TRX), Solana (SOL), and Polygon (MATIC) among others. advertisement Since June 2022, Ethereum’s dominance in the DeFi sector has been increasingly contested. Layer-2 solutions like Polygon have seen a considerable surge in TVL, thanks in large part to their ability to provide faster and cheaper transactions. This has inevitably impacted Ethereum’s position, prompting a reevaluation of its supremacy in the DeFi landscape. According to the latest data on the DeFi space by DefiLlama, the network’s TVL has since June 15 lost $7.84 billion. Ethereum DeFi TVL | Source DefiLlama If the rout...