@CryptoMasterMiner 17 February 2023 more from that month

Ethereum Weekly (2/17/23)

**Ethereum Weekly - Edition 11** Welcome to the latest edition of *Ethereum Weekly*! Ethereum (ETH) opened the week virtually unchanged from the previous week, down just a couple of dollars. Crypto investors' eyes remain fixated on two main factors; inflation and regulation. This is especially true within the United States whose interest rates move the needle for Ethereum and just about every other risk asset now seemingly linked almost directly to US stock market moves and the strength of the US dollar. Crackdowns in the US continue with Kraken exchange's staking services shut down and Paxos being ordered to stop minting BUSD. Next on US regulations radar could be a major player like Coinbase which claims that their staking solutions should not be considered securities. Guess we will find out in court in the not-so-distant future. Ethereum, having moved to a proof-of-stake mechanism, will be watched closely to see how the US aims to classify the asset now. Moving away from the United States, it looks like China is starting to take a closer look at crypto. Should this huge Asian market open up towards crypto, expect coins like Ethereum to jump on new investment dollars. Last week, Thursday was the most interesting day with strong producer price index data released and some rather "hawkish" statements from St. Louis Fed President James Bullard. Outside of a small pullback, the markets held strong throughout the day which is a positive sign moving forward for all markets. Looking at the current price points on the charts, I would peg Ether's resistance level around $1,715 and then $1,950 with the support levels around $1,560 and then around $1,420. Bull's are watching the Ethereum trading volume, which they would like to see high with the price pushing well past the initial resistance level. ETH is looking strong in terms of short-term moving averages indicating these same bulls are currently in charge. The Crypto Greed and Fear Index highlighted below sits at 61 in the "Greed" range and up 13 points from where it was at last week. **Ten Must-Read Ethereum and Altcoin Articles This Week** Unlike Merge, Ethereum's Shanghai Upgrade Could Bring Ether Price Volatility (CoinDesk) https://www.coindesk.com/markets/2023/02/17/unlike-merge-ethereums-shanghai-upgrade-could-bring-price-volatility/ Ethereum price prints ‘death cross’ after losing 13% versus Bitcoin from 2023 peak (Cointelegraph) https://cointelegraph.com/news/ethereum-price-prints-death-cross-after-losing-13-versus-bitcoin-from-2023-peak Can Ethereum reach $10000? Here's how this could be possible (Finbold) https://finbold.com/can-ethereum-reach-10000-heres-how-this-could-be-possible/ Ethereum Devs Found Critical Bug Ahead Of Major Upgrade (Bitcoinist) https://bitcoinist.com/ethereum-devs-found-bug-ahead-of-major-upgrade/ Ethereum supply plunges 37% on crypto exchanges post the Merge upgrade (Cointelegraph) https://cointelegraph.com/news/ethereum-supply-plunges-37-on-crypto-exchange-post-the-merge-upgrade Why Bitcoin Miners Need to Take Ethereum Seriously (CoinDesk) https://www.coindesk.com/consensus-magazine/2023/02/14/why-bitcoin-miners-need-to-take-ethereum-seriously/ Whale Purchases Over $79.2 Million Worth Of Ethereum (Investing.com) https://www.investing.com/news/cryptocurrency-news/whale-purchases-over-792-million-worth-of-ethereum-3006785 Ethereum deflation rate is accelerating by the day: Here’s what to expect from ETH price (FXStreet) https://www.fxstreet.com/cryptocurrencies/news/ethereum-deflation-rate-is-accelerating-by-the-day-heres-what-to-expect-from-eth-price-202302170801 Sell or stake: Ethereum staking giant Lido mulls choices for its $30M ETH (Cointelegraph) https://cointelegraph.com/news/sell-or-stake-ethereum-staking-giant-lido-mulls-choices-for-its-30m-eth Ethereum Is 55% Complete Post-merge, Far From Buterin's Plan (Investing.com) https://www.investing.com/news/cryptocurrency-news/ethereum-is-55-complete-postmerge-far-from-buterins-plan-reports-3006430 **Ethereum Price Statistics** *(as of 2/16/2023, daily close)* Ethereum Price = $1,641 Last Week =$1,645 Weekly High = $1,738 Weekly Low = $1,632 Market Cap = $200,586,135,950 Market Cap Dominance =17.542% All-Time High = $4,878.26 *on November 10, 2021* **Up-to-the-Minute Ethereum Price Statistics** statistics provided by CoinGecko **Ethereum Fun Fact of the Week** Guess what you could buy for a cool $1 back in January of 2016? Yup, one ETH! **Ethereum Staking Statistics** Validators = 519,588 Block Time = 12.07 seconds Staking Ratio = 14.44% Total Supply = 122,373,866 statistics provided by StakingRewards **Crypto Fear & Greed Index**

*index provided by* *Alternative* https://alternative.me/crypto/fear-and-greed-index/ **What is Ethereum?** Ethereum (ETH) is a digital cryptocurrency that is known for being a blockchain technology that operates decentralized apps (dapps) such as decentralized finance (DeFi), non-fungible tokens (NFTs), stablecoins, lending, and more. First proposed by Vitalik Buterin who published a whitepaper in 2013 and went live as a network in July 2015, Ethereum claims it is not controlled by a centralized authority but that can be questioned. Ethereum went through the "merge" in 2022 moving from a proof-of-work to a proof-of-stake mechanism becoming much more environmentally friendly.  For more on Ethereum, please read the Top Things You Should Know About Ethereum (ETH) on Publish0x written by MuyAsk https://www.publish0x.com/crypto-truth-lexicon/top-things-you-should-know-about-ethereum-eth-xllwodo https://www.publish0x.com/@MuyAsk For more on the Ethereum Whitepaper, please read the I Finally Read the Ethereum Whitepaper on Publish0x written by CryptoMasterMiner https://www.publish0x.com/journey-through-crypto-from-newbie-to/ive-finally-read-the-ethereum-whitepaper-xkprjnz https://www.publish0x.com/@CryptoMasterMiner Find Ethereum on Ethereum.org, Reddit, Twitter, Instagram, Facebook https://ethereum.org/ https://www.reddit.com/r/ethereum/ https://twitter.com/ethereum https://www.instagram.com/ethereum_official https://www.facebook.com/ethereumproject/ ***** Where to Buy and HODL Ethereum (*********Referral Links*********) ***** Coinbase (Get $10 and earn by learning) https://www.coinbase.com/join/8m5yy3 Crypto.com (Get $25 to sign up) https://crypto.com/app/p7jxbgbthv KuCoin (Lend out your Ethereum) https://www.kucoin.com/ucenter/signup?rcode=rB973L5 ***** My Crypto Work ***** BOTZ - My Passive Income Generating NFTs (OpenSea link) https://botz.finance/ https://opensea.io/collection/yieldbotz *Yield Farming* - My Book on Amazon (paperback and eBook) https://www.amazon.com/Yield-Farming-Paul-Donaghy/dp/B0BMZ9ZX8T ***** Earn Free Crypto ***** Publish0x - earn crypto for reading and writing articles https://www.publish0x.com/?a=4oeE8VWld0 Presearch - earn crypto for searching on the internet https://presearch.com/signup?rid=3594977 Torum - earn crypto on this social media site with a crypto focus https://www.torum.com/?referral_code=cryptomasterminer Zirkles - stories that pay in crypto like Publish0x https://zirkels.com/?ref=cryptomasterminer PipeFlair - Faucet to earn MATIC and other cryptos https://pipeflare.io/r/e7f1 **Thank you for reading Ethereum Weekly!** Resources https://www.investing.com/crypto/ethereum/historical-data https://alternative.me/crypto/fear-and-greed-index/ https://www.coingecko.com/en/coins/ethereum https://cointelegraph.com/ethereum-price https://www.tradingview.com/symbols/ETHUSD/ https://ycharts.com/indicators/reports/ethereum_statistics https://coinmarketcap.com/currencies/ethereum/ https://coinlib.io/coin/ETH/Ethereum https://coincheckup.com/coins/ethereum https://cryptopanic.com/news/ethereum/ https://www.stakingrewards.com/earn/ethereum-2-0/metrics/