- Ethereum developers have established a new standard, ERC-7512, to enhance transparency.
- An Ethereum ICO participant transferred 192.2 ETH to Coinbase after eight years.
- The current trading price of ETH stands at $1622, a 1.05% decrease.
To enhance transparency and ease of access to smart contract audits for decentralized finance (DeFi) protocols, Ethereum
The primary objective of ERC-7512 is to offer a blockchain-based representation of audit reports that contracts can interpret. This enables users to glean valuable data from the audit reports, including the participating auditors and the confirmed standards.
Following eight years without any transactions, an Ethereum Initial Coin Offering (ICO) participant transferred 32.1 ETH and 160.1 ETH to Coinbase. This particular Ethereum address was included in the Ethereum Genesis and initially received a credit of 200 ETH.
Several Ethereum addresses associated with the platform’s ICO have shown activity in recent months following a long period of inactivity. This unexpected activity has increased speculation and interest in the cryptocurrency market.
Bears are in control
As of this report, the current trading price of ETH stands at $1622, reflecting a 1.05% decrease over the past 24 hours, according to CMC data. The price of ETH has stalled after encountering significant resistance at the $1666 mark. It is now poised to challenge the initial support level of $1610. If this level is breached, the price is expected to drop to the $1538 point potentially.
Furthermore, should the price fall beneath the crucial support level of $1538, it will probably continue to drop until it reaches the $1431 point. Conversely, if the price successfully surpasses the $1666 point, it is expected to surge towards the $1737 level.
Disclaimer: The insights, perspectives, and data presented in this price analysis are published in good faith. Readers must conduct their own research due diligence. Any decision made by the reader is solely their responsibility, and Crypto Outlooks shall not be held responsible for any consequential or incidental harm or loss.
