@CryptoMasterMiner 4 August 2023 more from that month

Ethereum Weekly (8/4/23)

**Ethereum Weekly - Edition 35** Welcome to the latest edition of *Ethereum Weekly!* Ethereum (ETH) had another ho-hum week, dropping a couple of percentage points but not much in either movement or volatility. Looking at the price of Ether over the past few weeks we keep seemingly settling into lower highs on the charts. The shallow downtrend pattern doesn't seem to give us too much hope for a short-term upside until we can break free of the current trading range. As we leave July, which didn't turn out to be the positive month for cryptocurrencies we have been seeing as of late, we turn our attention to August. The eighth month of the year puts us in the middle of the summer months in the Northern Hemisphere and tends to be the slowest month of the year for trading ETH. That inactivity generally leads to lower fees on the network so if you are needing to move some Ether or perform any transactions on the Ethereum network, this may be a good month for you to do so. On the SEC front and trying to follow in Bitcoins footsteps after a number of applications for spot-Bitcoin ETF (exchange-traded funds) the second largest cryptocurrency has had a deluge of ETF applications submitted itself. At least a dozen applications have been filed in the past week, including from companies such as Roundhill, VanEck, Volatility Shares, and Proshares which submitted four applications themselves along with Bitwise (3) and Grayscale (2) also putting in multiple applications.  So how many of these will get approved? I wouldn't hold your breath as not a single Ethereum futures ETF filing has ever been approved by the SEC.  Back on the Ethereum network, we are looking forward to the Cancun-Deneb upgrade, also known as Dencun, which will significantly improve both the network's scalability and security. The best guesses are the upgrade will be implemented sometime in the fourth quarter. If we take a peek at the technicals, Ether is currently trading between its 50 and 200-day EMAs (Exponential Moving Averages) which generally signals we are in a consolidation phase. The RSI (Relative Strength Index) indicates an overbought market but it is declining so we could reverse the trend in the coming days which would be more bullish. Writing Bitcoin on Mondays in addition to this column forces me to constantly compare the two largest cryptos. With that said, I rarely compare the two but currently feel like Bitcoin has more potential in the short-term but I tend to like the fundamentals for Ether more long-term given where each coin currently sits. I do like the diminishing supply-side economics for both assets as they currently stand, however, and obviously hold both in my portfolio. I believe holding both is critical to any long-term cryptocurrency-focused portion of your portfolio. The Crypto Fear and Greed below sits at 54 in the "Neutral" range up two points from where it was at last week. I hope everyone who reads this has a great weekend! **Ten Must-Read Ethereum and Altcoin Articles This Week** Ethereum Futures ETF Filings Hit the SEC (ETF Database) https://etfdb.com/crypto-channel/ethereum-futures-etf-filings-hit-sec/ Quant Explains How These Indicators Affect Ethereum Price (NewsBTC) https://www.newsbtc.com/news/ethereum/quant-explains-how-these-indicators-affect-ethereum-price/ Ethereum (ETH): Update on Status of Upcoming Deneb Upgrade (U.Today) https://u.today/ethereum-eth-update-on-status-of-upcoming-deneb-upgrade Ethereum is a 'ticking bomb' primed for 'spectacular run', says expert (Finbold) https://finbold.com/ethereum-is-a-ticking-bomb-primed-for-spectacular-run-says-expert/ Market Intelligence Firm Points to August Inactivity Trend Impacting Bitcoin and Ethereum (The Crypto Basic) https://thecryptobasic.com/2023/08/04/market-intelligence-firm-points-to-august-inactivity-trend-impacting-bitcoin-and-ethereum/ SEC Discloses New Documents On Ethereum's Non-Security (TronWeekly) https://www.tronweekly.com/sec-discloses-new-documents-on-ethereums/ Ethereum Has Followed This Interesting Pattern Recently, Analyst Explains (Bitcoinist) https://bitcoinist.com/ethereum-interesting-pattern-analyst-explains/ Ethereum Argentina: Key Blockchain Event to Innovate and Solve Regional Challenges (Contxto) https://contxto.com/en/argentina/ethereum-argentina-announced-a-technology-event-to-innovate-and-tackle-challenges-in-the-region/ Could Ethereum help stop museums from hoarding stolen artifacts? These researchers think so (Blockworks) https://blockworks.co/news/blockchain-salsal-artifact-records Odds of Ethereum ETF Approval Surge: Analysts (U.Today) https://u.today/odds-of-ethereum-etf-approval-surge-analysts **Ethereum Price Statistics** *(as of 8/3/2023, daily close)* Ethereum Price = $1,836 Last Week = $1,861 Weekly High = $1,884 Weekly Low = $1,825 Market Cap = $219,665,729,517 Market Cap Dominance =18.23% Trading Volume = $6,146,661,511 All-Time High = $4,878.26 *on November 10, 2021* statistics provided by CoinGecko **Ethereum Fun Fact of the Week** There are a little over 510K active Ethereum addresses according to statista. https://www.statista.com/topics/8807/ethereum-eth/#dossier-chapter2 **Ethereum Staking Statistics** Validators = 707,391 Block Time = 12.13 seconds Staking Ratio = 18258% Inflation = -0.3% 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.stakingrewards.com/earn/ethereum-2-0/metrics/ https://coincheckup.com/coins/ethereum https://cryptopanic.com/news/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://www.coingecko.com/en/coins/ethereum https://milkroad.com/ethereum https://query.nansen.ai/public/dashboards/Hk93n66vsO0uvycfui8ypF2xcpNhpraxfwX5AWZJ