Ethereum Hits 10-Year Milestone Ethereum and the crypto community are celebrating the blockchain’s 10th anniversary by highlighting some of the ecosystem’s key events since 2015, including the ICO craze, the NFT boom, The Merge, and spot exchange-traded funds (ETFs). In an X post, Unchained host Laura Shin listed some of Ethereum’s milestones, such as its first place in client diversity, Total Value Locked (TVL), and the number of ecosystem developers. Shin also emphasized the network’s 100% uptime rate over the last decade. One of Ethereum’s developers, Lefteris Karapetsas, commemorated the anniversary by sharing pictures from July 30, 2015, stating:

"We were a small team of hackers in an office in Kreuzberg in Berlin and we had just launched the Ethereum network. The rest is history. Looking back at the last 10 years, I am excited about the next 10 years, the next 25, the next 100."

Meanwhile, Coinbase CEO Brian Armstrong revealed how the US immigration system technically "contributed" to Ethereum’s creation:

"Fun fact: I met @vitalikbuterin in 2013 at the San Jose Bitcoin conference when he was writing for Bitcoin Magazine (his writing was great). A few months later I invited him to come by Coinbase’s first office in San Francisco for a visit and he showed us some cool stuff on his laptop."

Armstrong explained that he tried to hire Vitalik Buterin in 2013, but due to difficulties obtaining a US work visa, Buterin was forced to return to Canada.

"While he was stuck in Canada, he created Ethereum," Armstrong detailed. "So, in a way, the sub-optimal immigration system in the U.S. contributed to the creation of Ethereum."

Bankless co-founder David Hoffman jokingly replied that "Coinbase almost prevented Ethereum from ever happening."

ETH’s Birthday Fun Delayed?

On its birthday, ETH started the day trying to reclaim the $3,800 mark, considered by some analysts as the "last major resistance" before new highs. Ethereum has been attempting to break out from this level for over a week, with two failed attempts. Earlier in the week, ETH briefly surged above $3,800, hitting a seven-month high of $3,941 on Monday. However, a market pullback sent Ethereum back inside its local range. During Wednesday’s celebrations, ETH’s price dropped 4% to around $3,680, influenced by the US Federal Reserve’s announcement to leave interest rates unchanged. Despite this, ETH quickly recovered from the initial market reaction, which saw liquidations worth $212 million within 60 minutes. Crypto analyst Ali Martinez affirmed that as long as the $3,300 support zone holds, ETH "could be on track for a move to $4,220 and potentially $5,140, based on the MVRV Pricing Bands." Similarly, market watcher Merlijn The Trader noted that "liquidity is pulling Ethereum like a magnet. ETH is gravitating toward $4,000, the largest wall of resting orders in months. One clean push… and it detonates." As of this writing, ETH is trading at approximately $3,760, marking a 5% increase over the week.

Frequently Asked Questions (FAQ)

Ethereum's Development and History

Q: What were some key milestones in Ethereum's first 10 years? A: Key milestones include the ICO craze, the NFT boom, The Merge, and the approval of spot Ethereum ETFs. The network has also maintained a 100% uptime rate and leads in client diversity and developer count. Q: How did US immigration policy indirectly contribute to Ethereum's creation? A: Coinbase CEO Brian Armstrong shared that Vitalik Buterin, unable to obtain a US work visa, returned to Canada and subsequently created Ethereum. Q: Who are some key figures involved in Ethereum's early development? A: Vitalik Buterin is the creator of Ethereum. Coinbase CEO Brian Armstrong and Bankless co-founder David Hoffman are also mentioned in relation to early interactions and the platform's journey.

Ethereum's Market Performance

Q: What is considered a key resistance level for ETH? A: The $3,800 mark is identified as a significant resistance level for ETH. Q: What factors influenced ETH's price drop on its anniversary? A: The US Federal Reserve's announcement to keep interest rates unchanged contributed to a price drop for ETH. Q: What are the potential price targets for ETH according to analysts? A: Analysts suggest potential targets of $4,220 and $5,140 if the $3,300 support zone holds. Another perspective is that ETH is gravitating towards $4,000 due to market liquidity.

Crypto Market AI's Take

Ethereum's 10-year anniversary marks a significant achievement in the blockchain space, showcasing its evolution from a nascent project to a foundational layer for decentralized applications and innovation. At Crypto Market AI, we leverage advanced AI technologies to provide deep market insights and intelligent trading solutions, much like how Ethereum has fostered a robust ecosystem. Our AI-driven analysis helps traders navigate the complexities of the crypto market, identifying trends and opportunities that may arise from such significant network milestones. You can explore our AI Crypto Market Platform to see how our tools can enhance your trading strategies. Furthermore, understanding the technological underpinnings and market sentiment around major cryptocurrencies like Ethereum is crucial, and our platform is designed to deliver just that.

Ethereum Celebrates 10 Years: Coinbase CEO Shares Vitalik Buterin Anecdote As ETH Eyes ,000

ETH’s Birthday Fun Delayed?

Frequently Asked Questions (FAQ)

Ethereum's Development and History

Ethereum's Market Performance

Crypto Market AI's Take

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