Ethlabs Launches as New Nonprofit in Ethereum Ecosystem

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 1 hour ago

ETH-1.223%

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Independent Research Organization: Ethlabs, founded by five former Ethereum Foundation researchers, focuses on independent research of the Ethereum protocol, aiming to enhance consensus efficiency, scalability, and cross-chain interoperability to meet rising institutional demand.
Transparent Funding Management: Ethlabs emphasizes that funders will not influence research priorities, with all donations managed by an independent grant administrator to ensure research independence and transparency, maintaining communication with funders through quarterly reports and annual audits.
Support for Ethereum Development: Backed by major players like Bitmine, SharpLink, and Ethereum co-founder Joe Lubin, Ethlabs plans to conduct in-depth research in areas such as protocol economics and data availability to facilitate Ethereum's application in institutional finance.
Independence in Technical Direction: Ansgar Dietrichs, Executive Director of Ethlabs, highlighted that the organization will autonomously decide on research directions, aiming to enhance Ethereum's technical standards and infrastructure, thereby increasing trust among users and institutions and propelling Ethereum into a new phase of growth.

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Technical Analysis for ETH

Technical Sentiment Analysis for Ethereum (ETH). As of , Ethereum (ETH) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ETH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, ETH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Ethereum (ETH) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	1451.935	1553.418	1646.575	1748.058	1841.215	1942.698	2035.855
Fibonacci	1553.418	1627.77	1673.705	1748.058	1822.41	1868.345	1942.698

About ETH

Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts.Ethereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, this puts the return on investment (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.The Ethereum Foundation officially launched the blockchain on July 30, 2015, under the prototype codenamed “Frontier.” Since then, there has been several network updates — “Constantinople” on Feb. 28, 2019, “Istanbul” on Dec. 8, 2019, “Muir Glacier” on Jan. 2, 2020, “Berlin” on April 14, 2021, and most recently on Aug. 5, 2021, the “London” hard fork.Ethereum’s own purported goal is to become a global platform for decentralized applications, allowing users from all over the world to write and run software that is resistant to censorship, downtime and fraud.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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