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Share link:In this post: Crypto analyst calls L2s parasites living off and weakening the Ethereum network. Analyst claims L2 networks are taking fees from Ethereum’s base layer and fragmenting the network. Coinbase analysts disagree about the impact of L2s, as Vitalik says the network is stronger than before.
Share link:In this post: Over the past 4 days, Ethereum whales have accumulated more than 200,000 ETH. The accumulation continues despite Ether ETFs net outflows approaching $500 million. Analyst CryptoBullet says that the bottom might be in if ETH remains above $2500.
Market speculation remains relatively subdued for Bitcoin, with investors locking in only marginal profit and losses, and a reset across perpetual swap markets. Historically, periods of quiet and calm market structure are short-lived, and often precede an expectation for heightened volatility.
- 15:38Greeks.live: Overall Market Sentiment is Bullish, Volatility May Rise SoonBlockBeats News, on May 20th, Greeks.live analyst Adam posted on social media stating, "The overall market sentiment is bullish, with Ethereum showing strong performance. The market is mainly focused on the DVOL MACD golden cross signal, believing that volatility may soon increase, while also observing the rebound situation of Ethereum after the second bottom test."
- 15:34Spot Gold Continues to Rise, Surpassing $3,270 per OunceOn May 20, spot gold continued to rise, breaking through $3,270 per ounce, with a daily increase of 1.23%.
- 15:34The three major U.S. stock indexes opened lower collectively, with the Nasdaq down 0.42%BlockBeats News, on May 20, U.S. stock market opened with the Dow Jones down 0.13%, the S&P 500 index down 0.33%, and the Nasdaq down 0.42%. Tesla (TSLA.O) opened up 1.6%, with Musk stating he will continue to serve as Tesla CEO for the next 5 years.