{"id":417954,"date":"2020-03-12T21:00:00","date_gmt":"2020-03-12T21:00:00","guid":{"rendered":"https:\/\/wncen.com\/?p=417954"},"modified":"2020-03-12T20:51:37","modified_gmt":"2020-03-12T20:51:37","slug":"ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/","title":{"rendered":"Ethereum Just Reached a Level That it Can\u2019t Afford to Lose, Creating Massive Network Congestion"},"content":{"rendered":"<p>Today has been a bloodbath for Ethereum (ETH) and the aggregated cryptocurrency market, with Bitcoin\u2019s overnight drop below $7,700 catalyzing a massive selloff that has led virtually all digital assets to plummet 20% or more.<\/p>\n<p>Ethereum is now nearing a critical support level that bulls must defend if they want to guard against further losses, as a break below this single level could prove to be devastating for the cryptocurrency.<\/p>\n<p>This dire price action has come about as the ETH network faces massive congestion, leading its median gas price to skyrocket.<\/p>\n<h2><strong>Ethereum Faces Intense Selloff as Network Incurs Massive Congestion<\/strong><\/h2>\n<p>At the time of writing, <a href=\"https:\/\/wncen.com\/2020\/03\/06\/these-simple-factors-are-likely-to-drag-ethereum-to-180-in-sharp-selloff\/\">Ethereum<\/a> is trading down over 26% at its <a href=\"https:\/\/coinmarketcap.com\/currencies\/ethereum\/\" rel=\"nofollow\">current price<\/a> of $138, which marks a significant decline from daily highs of nearly $200 that were set yesterday when bulls attempted to recapture its position above this level.<\/p>\n<p>The massive selloff that occurred overnight first began when Bitcoin posted a decisive break below $7,700, with all of its buying support dissolving as it began descending to lows of $5,200.<\/p>\n<p>The support BTC found at this level allowed it to <a href=\"https:\/\/wncen.com\/2020\/03\/07\/expect-extreme-volatility-as-bitcoins-consolidation-nears-an-end-levels-to-watch\/\">bounce back<\/a> to $6,000 \u2013 subsequently allowing Ethereum to also bounce from lows of roughly $125 to its current price levels.<\/p>\n<p>This intense decline has also led to massive congestion on Ethereum\u2019s network, resulting in a colossal spike in the median gas price.<\/p>\n<p>Glassnode \u2013 an on-chain research firm \u2013 spoke about this phenomenon in a recent tweet, explaining that the price of gas is currently the highest it has been in over a year.<\/p>\n<blockquote><p>\u201cEthereum&#8217;s price drop has led to massive network congestion. ETH median gas price just spiked to 29 gwei &#8211; the highest it&#8217;s been in over 1 year,\u201d they explained while pointing to the chart seen below.<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Ethereum?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Ethereum<\/a>&#39;s price drop has lead to massive network congestion. <a href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$ETH<\/a> median gas price just spiked to 29 gwei &#8211; the highest it&#39;s been in over 1 year.<a href=\"https:\/\/t.co\/RnoIRxrdkG\" rel=\"nofollow\">https:\/\/t.co\/RnoIRxrdkG<\/a> <a href=\"https:\/\/t.co\/KpOEfpWGWe\" rel=\"nofollow\">pic.twitter.com\/KpOEfpWGWe<\/a><\/p>\n<p>&mdash; glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/78917632?ref_src=twsrc%5Etfw\" rel=\"nofollow\">March 12, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2><strong>ETH Hits a Do-or-Die Level as Bulls Show Signs of Weakness<\/strong><\/h2>\n<p>In a recent tweet, Haejin \u2013 a cryptocurrency analysis platform \u2013 explained that the second largest cryptocurrency by market capitalization is on the cusp of breaking below a key multi-year trendline support level around $130.<\/p>\n<blockquote><p>\u201cEthereum&#8230;.lower white trendline MUST hold or else\u2026\u201d<\/p><\/blockquote>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/t.co\/JhMTlE2zA1\" rel=\"nofollow\">https:\/\/t.co\/JhMTlE2zA1<\/a>: Ethereum&#8230;.lower white trendline MUST hold or else&#8230;. <a href=\"https:\/\/t.co\/W4iQWXISrl\" rel=\"nofollow\">pic.twitter.com\/W4iQWXISrl<\/a><\/p>\n<p>&mdash; Haejin (@Haejin_Crypto) <a href=\"https:\/\/twitter.com\/Haejin_Crypto\/status\/09086721?ref_src=twsrc%5Etfw\" rel=\"nofollow\">March 12, 2020<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>If Ethereum does decisively break below this level, it is possible that the <a href=\"https:\/\/wncen.com\/2020\/02\/12\/this-eerily-accurate-analyst-believes-bitcoin-could-see-a-nasty-retrace-to-7800\/\">cryptocurrency<\/a> will see a massive bout of capitulation that leads it significantly lower in the days and weeks ahead.<\/p>\n<pre>Featured image from Shutterstock.<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Today has been a bloodbath for Ethereum (ETH) and the aggregated cryptocurrency market, with Bitcoin\u2019s overnight drop below $7,700 catalyzing a massive selloff that has led virtually all digital assets to plummet 20% or more. Ethereum is now nearing a critical support level that bulls must defend if they want to guard against further losses, as a break below this single level could prove to be devastating for the cryptocurrency. This dire price action has come about as the ETH network faces massive congestion, leading its median gas price to skyrocket. Ethereum Faces Intense Selloff as Network Incurs Massive Congestion At the time of writing, Ethereum is trading down over 26% at its current price of $138, which marks a significant decline from daily highs of nearly $200 that were set yesterday when bulls attempted to recapture its position above this level. The massive selloff that occurred overnight first began when Bitcoin posted a decisive break below $7,700, with all of its buying support dissolving as it began descending to lows of $5,200. The support BTC found at this level allowed it to bounce back to $6,000 \u2013 subsequently allowing Ethereum to also bounce from lows of roughly $125 to its current price levels. This intense decline has also led to massive congestion on Ethereum\u2019s network, resulting in a colossal spike in the median gas price. Glassnode \u2013 an on-chain research firm \u2013 spoke about this phenomenon in a recent tweet, explaining that the price of gas is currently the highest it has been in over a year. \u201cEthereum&#8217;s price drop has led to massive network congestion. ETH median gas price just spiked to 29 gwei &#8211; the highest it&#8217;s been in over 1 year,\u201d they explained while pointing to the chart seen below. #Ethereum&#39;s price drop has lead to massive network congestion. $ETH median gas price just spiked to 29 gwei &#8211; the highest it&#39;s been in over 1 year.https:\/\/t.co\/RnoIRxrdkG pic.twitter.com\/KpOEfpWGWe &mdash; glassnode (@glassnode) March 12, 2020 ETH Hits a Do-or-Die Level as Bulls Show Signs of Weakness In a recent tweet, Haejin \u2013 a cryptocurrency analysis platform \u2013 explained that the second largest cryptocurrency by market capitalization is on the cusp of breaking below a key multi-year trendline support level around $130. \u201cEthereum&#8230;.lower white trendline MUST hold or else\u2026\u201d https:\/\/t.co\/JhMTlE2zA1: Ethereum&#8230;.lower white trendline MUST hold or else&#8230;. pic.twitter.com\/W4iQWXISrl &mdash; Haejin (@Haejin_Crypto) March 12, 2020 If Ethereum does decisively break below this level, it is possible that the cryptocurrency will see a massive bout of capitulation that leads it significantly lower in the days and weeks ahead. Featured image from Shutterstock.<\/p>\n","protected":false},"author":499,"featured_media":417956,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,13625],"tags":[6664,8323,1946],"class_list":["post-417954","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-ethereum","tag-crypto","tag-eth","tag-ethereum"],"acf":[],"yoast_head":"\n<title>Ethereum Just Reached a Level That it Can\u2019t Afford to Lose, Creating Massive Network Congestion<\/title>\n<meta name=\"description\" content=\"Ethereum (ETH) is nearing a support level that bulls must defend, as a break below this single level could prove to be devastating for the cryptocurrency.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum Just Reached a Level That it Can\u2019t Afford to Lose, Creating Massive Network Congestion\" \/>\n<meta property=\"og:description\" content=\"Ethereum (ETH) is nearing a support level that bulls must defend, as a break below this single level could prove to be devastating for the cryptocurrency.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-03-12T21:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-03-12T20:51:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/shutterstock_558175123-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1700\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Cole Petersen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Cole Petersen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/\"},\"author\":{\"name\":\"Cole Petersen\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/6c4271c7295c2e60c3c46d945f26fd87\"},\"headline\":\"Ethereum Just Reached a Level That it Can\u2019t Afford to Lose, Creating Massive Network Congestion\",\"datePublished\":\"2020-03-12T21:00:00+00:00\",\"dateModified\":\"2020-03-12T20:51:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/\"},\"wordCount\":394,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/shutterstock_558175123-scaled.jpg?fit=2560%2C1700\",\"keywords\":[\"crypto\",\"ETH\",\"ethereum\"],\"articleSection\":[\"Cryptocurrency Market News\",\"Ethereum\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/#respond\"]}],\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/\",\"url\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/\",\"name\":\"Ethereum Just Reached a Level That it Can\u2019t Afford to Lose, Creating Massive Network Congestion\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/shutterstock_558175123-scaled.jpg?fit=2560%2C1700\",\"datePublished\":\"2020-03-12T21:00:00+00:00\",\"dateModified\":\"2020-03-12T20:51:37+00:00\",\"description\":\"Ethereum (ETH) is nearing a support level that bulls must defend, as a break below this single level could prove to be devastating for the cryptocurrency.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/shutterstock_558175123-scaled.jpg?fit=2560%2C1700\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/shutterstock_558175123-scaled.jpg?fit=2560%2C1700\",\"width\":2560,\"height\":1700,\"caption\":\"Bitcoin\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ethereum Just Reached a Level That it Can\u2019t Afford to Lose, Creating Massive Network Congestion\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/6c4271c7295c2e60c3c46d945f26fd87\",\"name\":\"Cole Petersen\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/5351b5d21e2daa212700aad34640b7e5?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/5351b5d21e2daa212700aad34640b7e5?s=96&d=mm&r=g\",\"caption\":\"Cole Petersen\"},\"description\":\"Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.\",\"url\":\"https:\/\/wncen.com\/author\/colecpetersen\/\"}]}<\/script>\n","yoast_head_json":{"title":"Ethereum Just Reached a Level That it Can\u2019t Afford to Lose, Creating Massive Network Congestion","description":"Ethereum (ETH) is nearing a support level that bulls must defend, as a break below this single level could prove to be devastating for the cryptocurrency.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/","og_locale":"en_US","og_type":"article","og_title":"Ethereum Just Reached a Level That it Can\u2019t Afford to Lose, Creating Massive Network Congestion","og_description":"Ethereum (ETH) is nearing a support level that bulls must defend, as a break below this single level could prove to be devastating for the cryptocurrency.","og_url":"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2020-03-12T21:00:00+00:00","article_modified_time":"2020-03-12T20:51:37+00:00","og_image":[{"width":2560,"height":1700,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/shutterstock_558175123-scaled.jpg","type":"image\/jpeg"}],"author":"Cole Petersen","twitter_card":"summary_large_image","twitter_creator":"@newsbtc","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Cole Petersen","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/"},"author":{"name":"Cole Petersen","@id":"https:\/\/wncen.com\/#\/schema\/person\/6c4271c7295c2e60c3c46d945f26fd87"},"headline":"Ethereum Just Reached a Level That it Can\u2019t Afford to Lose, Creating Massive Network Congestion","datePublished":"2020-03-12T21:00:00+00:00","dateModified":"2020-03-12T20:51:37+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/"},"wordCount":394,"commentCount":0,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/shutterstock_558175123-scaled.jpg?fit=2560%2C1700","keywords":["crypto","ETH","ethereum"],"articleSection":["Cryptocurrency Market News","Ethereum"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/#respond"]}],"copyrightYear":"2020","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/","url":"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/","name":"Ethereum Just Reached a Level That it Can\u2019t Afford to Lose, Creating Massive Network Congestion","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/shutterstock_558175123-scaled.jpg?fit=2560%2C1700","datePublished":"2020-03-12T21:00:00+00:00","dateModified":"2020-03-12T20:51:37+00:00","description":"Ethereum (ETH) is nearing a support level that bulls must defend, as a break below this single level could prove to be devastating for the cryptocurrency.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/shutterstock_558175123-scaled.jpg?fit=2560%2C1700","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/shutterstock_558175123-scaled.jpg?fit=2560%2C1700","width":2560,"height":1700,"caption":"Bitcoin"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Ethereum Just Reached a Level That it Can\u2019t Afford to Lose, Creating Massive Network Congestion"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/6c4271c7295c2e60c3c46d945f26fd87","name":"Cole Petersen","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/5351b5d21e2daa212700aad34640b7e5?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5351b5d21e2daa212700aad34640b7e5?s=96&d=mm&r=g","caption":"Cole Petersen"},"description":"Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.","url":"https:\/\/wncen.com\/author\/colecpetersen\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Ethereum Just Reached a Level That it Can\u2019t Afford to Lose, Creating Massive Network Congestion","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/shutterstock_558175123-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/shutterstock_558175123-scaled.jpg?fit=2560%2C1700"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Cole Petersen"}],"creator":["Cole Petersen"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["crypto","eth","ethereum"],"dateCreated":"2020-03-12T21:00:00Z","datePublished":"2020-03-12T21:00:00Z","dateModified":"2020-03-12T21:00:00Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Ethereum Just Reached a Level That it Can\\u2019t Afford to Lose, Creating Massive Network Congestion\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-just-reached-a-level-that-it-cant-afford-to-lose-creating-massive-network-congestion\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/03\\\/shutterstock_558175123-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/03\\\/shutterstock_558175123-scaled.jpg?fit=2560%2C1700\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Cole Petersen\"}],\"creator\":[\"Cole Petersen\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"crypto\",\"eth\",\"ethereum\"],\"dateCreated\":\"2020-03-12T21:00:00Z\",\"datePublished\":\"2020-03-12T21:00:00Z\",\"dateModified\":\"2020-03-12T21:00:00Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/03\/shutterstock_558175123-scaled.jpg?fit=2560%2C1700","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/417954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/499"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=417954"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/417954\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/417956"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=417954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=417954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=417954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}