This is the main reason why analysts are concerned about Ethereum price

A researcher at the Ethereum Foundation sounds alarms as Lido passes one-third of Ethereum staking.

Experts warn Ethereum holders after a major squeeze comprising $100 million liquidity pushed ETH price 20% lower on Uniswap. plummeted in response to the sale of 65,000 Ethereum on Uniswap. The major squeeze negatively influenced the Ethereum price, driving a bearish sentiment among holders. has become unprofitable for many users connected to the traditional energy grid for the first time since 2020. Ethereum prices hit a low of $1,188 while energy prices skyrocketed.

reward for the same GPU. Therefore, miners paying more than $0.245 per kWh are currently incurring losses. The profitability of mining Ethereum with GPUs has steadily declined. At this point, it is more cost-effective to buyEthereum price could hold $1,000 level according to expertsbelieves the Ethereum price could plummet to $1,000 and hold this level in the current downtrend. Novogratz believes Ethereum is closer to “the bottom” than US equities, as he commented at a Morgan Stanley conference.

Lido passing 1/3 is a centralization attack on PoS. We’re bad at assessing tail risk, but staking in Lido at these thresholds has a lot of it.with a 90.8% balance, over 4 million ETH staked. The team at Lido argues that it uses 21 validators, and centralized entities do not provide this kind of transparency. I think it’s too soon to impose self-limitation, if ever. You could easily imagine a more centralized or more malicious entity with no self-limitation racing past Lido.

The exchange rate between stETH: ETH does not reflect the underlying backing of your staked ETH, but rather a fluctuating secondary market price. The market is naturally finding a fair price for stETH as some participants need to find liquidity.

EktaMourya_

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Goldman Sachs begins trading derivative product tied to ETHGoldman Sachs has begun trading a derivative product linked to the price of ethereum's native token, ether. Hell of a first day Hope their first trade wasn't long Non-backed derivative product effectively allows for naked short selling of Ethereum MarexSolutions is now the prime target for bankruptcy when crypto prices increase. I’m just pissed that we don’t get to short squeeze you properly when the time comes.
Source: TheBlock__ - 🏆 464. / 53 Read more »

Ethereum price falls below $1.1K and data suggests the bottom is still a ways awayETH price has stalled around the $1,100 level, but several data points suggest the altcoin’s sell-off is far from complete. noshitcoins Glad I sawpped it for usdt a while ago, I definitely feel less stressed when I hold only btc noshitcoins I think it will go lower. So keep your usdt readyt o buy it lower.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Here's Who Pushed Ethereum's Price to $950, and How$ETH plunged to $950 at a certain moment while trading at around $1,200 on the majority of centralized exchanges, here's how it happened
Source: Utoday_en - 🏆 295. / 63 Read more »