Ethereum Has Burned More Than 50,000 ETH

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Today’s Headline

According to data from Ultrasound. money, the number of ETH burned in the Ethereum network has exceeded 50,000. The total number is currently 500,70.28 with the total value worth of $165,382,135. The current burn rate on the Ethereum network is 3.3ETH/ min ($10899.9 / min) in 24 hours and 6.59ETH/ min ($21766.70 / min) in 1 hour.

Bingbon Chart

Source: TradingView& Bingbon

Despite a bullish week, Bitcoin may need to break the $48,000 psychological resistance level to support further upside ahead. Bitcoin broke through the first major resistance level at $47,000. Bitcoin’s price started a fresh increase from the $46,500 support and is likely to accelerate higher above the $49,000 resistance zone. BTC will need to solidify the $46,000 level to support a run to the first major resistance level at $49,000. There is also a major bullish trend line forming with support near $47,500 on the daily chart. If the price fails to stay above the trend line support, it could drop to $45,500.