Discussions about Ethereum's next major price rally have emerged significantly within the crypto community following its recent upbeat strength in the past few days. With upside momentum gaining traction, there are speculations that ETH may rally soon.
The Ethereum market has recently seen a notable shift, with significant outflows from centralized exchanges sparking discussions about the near term trajectory of the cryptocurrency. Amid this, Ethereum has recorded a 2.4% decrease in the past 24 hours with a current trading price of $3,858, marking a 21.1% decrease away from its all-time high of $4,878 seen in 2021.
Ethereum price started a sharp decline below the $3,880 zone. ETH is down over 5% and is showing bearish signs below the $3,680 level.
Ethereums rapid evolution could push it ahead of Solana by 2025, according to Bitwise CIO Matt Hougan. With the blockchain landscape shifting, Ethereums advancements and AI project integration are setting it up as a top contender in the crypto space.
A popular crypto analyst thinks that Ethereum (ETH) is on the verge of printing a massive breakout rally also known as a god candle. Pseudonymous analyst Inmortal tells his 221,100 followers on the social media platform X that Ethereum's two-hour chart looks similar to Bitcoin's (BTC) price action over the last two weeks.
Ethereum (ETH) has recently been making headlines with its price action, briefly surpassing the $4,000 mark before experiencing a pullback. While this surge was short-lived, it reflects a strong undercurrent of investor interest, particularly from institutional players.
Bitcoin's New Year rally has stalled, prompting concerns about whether the bullish momentum is weakening. According to the given chart, Bitcoin is currently trading at $104,899, a 1.21% decrease after retracing slightly after reaching $106,214.
On-chain data from the analytics firm Santiment has revealed a striking trend in the Ethereum (ETH) market: the largest holders, or “mega whales,” now control more than 57% of the total supply of Ethereum. This growing concentration of ETH supply has significant implications for the network, particularly given Ethereum's shift to a Proof-of-Stake (Pos) consensus mechanism.
Bitwise CIO Matt Hougan has commented on Ethereum's evolving position in the blockchain ecosystem, predicting that the platform could outperform Solana in 2025. According to Hougan, Ethereum's reputation as slow and expensive is becoming outdated as advancements in its ecosystem address these challenges.
IntoTheBlock's data revealed that long-term holders currently held 110M Ethereum as they continued to increase their collective balances. Santiment's data, on the other hand, showed that 104 whale wallets with >100K ETH jointly held over 57% of the total supply worth $333.1B.
Deutsche Bank is building a layer-2 blockchain based on Ethereum to solve the regulatory hurdles financial institutions face using public blockchains, Bloomberg News reported on Dec. 17.
Cryptocurrency markets are trading lower on Wednesday despite the Federal Reserve announcing a 0.25% rate cut in its latest FOMC meet. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $102,173.74 -3.9% Ethereum (CRYPTO: ETH) $3,714.81 -5.5% Solana (CRYPTO: SOL) $210.29 -7.3% XRP (CRYPTO: XRP) $2.36 -9.3% Dogecoin (CRYPTO: DOGE) $0.3654 -8.4% Shiba Inu (CRYPTO: SHIB) $0.00002458 -8.2% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 3.4% and daily active addresses falling by 12.8%.
Kraken cryptocurrency exchange has launched its Layer-2 blockchain network called Ink on the Ethereum mainnet. This rollout, originally scheduled for early 2025, has occurred ahead of schedule.
The move reportedly comes “months ahead of schedule,” according to the company, which initially targeted early 2025 for a release.
As Ethereum lags with 70% gains in 2024, emerging L1 networks like Graphite are stepping up, offering faster speeds, lower costs, and a trust-driven blockchain ecosystem.
Ethereum spot ETFs have made headlines with a massive $145 million net inflow on December 17, 2024. This surge in investment marks a key moment in the growing institutional interest in Ethereum-backed financial products, further solidifying the cryptocurrency's place in traditional finance.
Bitcoin's pullback after hitting a new all-time high above $108,000 has started a correction in select altcoins, signaling profit booking by the bulls.
BlackRock was the most aggressive buyer of ETH, building up a reserve of over 1M ETH for its iShares ETF (ETHA). Buying resumed in December, surpassing all other funds.
Project Dama 2 is part of Singapore's Project Guardian on blockchain asset tokenization. Deutsche Bank aims to launch the blockchain MVP in 2025, pending approval.
Both Bitcoin and Ethereum ETFs are riding weekslong streaks of positive flows, with ETH fortunes rising ahead of the new U.S. admin.
Crypto assets have picked up bullish momentum in the last 48 hours as macro sentiments flip green. Following Bitcoin's surge to a new all-time high, altcoins have traded upwards in the same time frame.
A Bloomberg report spotlights Deutsche Bank's approach to tackling regulatory hurdles associated with public blockchains, introducing the layer two (L2) pilot program, Project Dama 2.
Ethereum (ETH) price recently surpassed $4,000 for the first time since March 2024, marking a 25% gain over the past 30 days. However, the 7D MVRV ratio, now at -1.35%, suggests short-term holders are experiencing unrealized losses, hinting at potential further downside before a recovery.
The launch follows a successful testnet period where 50 projects were deployed and more than 24.72 million transactions were completed.
The launch follows a successful testnet period where 50 projects were deployed and more than 24.72 million transactions were completed.
The spot Ethereum exchange-traded fund (ETF) launched by the world's largest asset manager earlier this year now holds a substantial trove of ETH, having recently surpassed one million tokens. According to data from BlackRock's website, the iShares Ethereum Trust ETF (ETHA) the fund now holds 1.
A popular market analyst known for his timely crypto calls is predicting Ethereum (ETH) will suddenly return to its all-time high. Pseudonymous trader Pentoshi tells his 834,500 followers on the social media platform X that Ethereum may surge more than 23% from its current value and start outperforming against Bitcoin (ETH/BTC).
Ethereum (ETH) has recently crossed the $4,000 mark, drawing attention as it edges closer to a critical resistance level. This milestone comes as on-chain data suggests that ETH is in the “belief phase,” a crucial stage in market cycles where confidence grows among long-term holders.
Germany's Deutsche Bank is set to address compliance hurdles associated with public blockchain technology through the development of a Layer 2 protocol. Announced as part of Project Dama 2, this initiative will integrate blockchain efficiency with regulatory requirements, bridging traditional financial services (TradFi) and decentralized technology.
Bitcoin (BTC) reached an all-time high for the second consecutive day, going past $108,000 and reaching a peak of $108,286. However, the cryptocurrency declined dramatically after reaching this level and is currently trading below $104,000, down almost 3% over the past 24 hours.
Amid the altcoin recovery run, Solana witnesses a boost in network and price trends. As bulls prepare for a breakout run to $250, the on-chain growth supports the bullish trend chances.
Ethereum price today trades at as of . The drop comes after ETH hit a daily high of after % move on.
Deutsche Bank's Ethereum L2 initiative could revolutionize blockchain use in finance by enhancing compliance and security for regulated entities. The post German banking giant develops Ethereum L2 using ZKsync appeared first on Crypto Briefing.
Markets are on edge ahead of the Federal Reserve's final meeting of 2024, with investor focus shifting to the central bank's projections for 2025 rate cuts rather than the widely expected 25-basis-point reduction. What Happened: The outcomes of the projections could trigger vastly different market reactions, from relief rallies to sharp declines.
TL;DR Deutsche Bank has launched Project Dama 2, a Layer 2 solution integrating with Ethereum to address regulatory challenges and enhance transaction efficiency for financial institutions. Developed with Memento Blockchain Pte and Interop Labs, Dama 2 uses ZKsync technology to allow banks to explore public blockchains securely and customize validator lists for compliance.
Deutsche Bank is reportedly building a Layer 2 under an asset-servicing pilot project called Dama 2 as part of the lender's goal to clear regulatory hurdles for institutions who want to use public blockchains.
Omni Network has launched its Core mainnet, aiming to unify Ethereum's fragmented layer-2 ecosystem by enabling seamless cross-rollup interactions.
Ethereum recently faced a minor rejection at the critical $4K resistance zone, underscoring the presence of sellers at this level. A pullback toward the $3.5K support area may follow, providing an opportunity for buyers to re-enter the market with the goal of reclaiming the $4K threshold.
The crypto universe is an arena where each asset fights for its place at the top. Recently, Solana (SOL), often hailed as a serious contender against Bitcoin (BTC) and Ethereum (ETH), has shown signs of weakness.
Deutsche Bank is building a layer-2 blockchain on Ethereum using ZKsync to enhance compliance in regulated finance.
With a minor supply dump for Bitcoin and altcoins, Ethereum tests its critical support level of $3,800. As the short-term volatility warns of an intense pullback, the rising ETF inflows paint a bullish narrative.
HashKey joins other crypto firms like Coinbase and Kraken in building their own Layer 2 networks using the OP Stack.
A Bitcoin and Ether combo ETF is expected to lead a wave of new funds in 2025, and could open the door for potential ETFs for Litecoin and Hedera.
Crypto experts predict that privacy will be a hot topic in 2025. As more institutions join the Web3 space, privacy-focused protocols and tools are expected to gain significant traction.
The market intelligence platform IntoTheBlock has revealed how Ethereum has built up strong on-chain demand zones that should keep it afloat above $4,000. Ethereum Has Two Major Support Centers Just Below Current Price In a new post on X, IntoTheBlock has discussed about how the on-chain demand zones for Ethereum are looking right now.
A closely followed crypto trader believes that conditions are nearly ripe for Ethereum (ETH) to witness a surge to fresh record highs. Crypto strategist Justin Bennett tells his 115,400 followers on the social media platform X that it's only a matter of time before Ethereum fully reclaims resistance at $4,000 as support.
As recently became known, the amount of inflows to Bitcoin (BTC) and Ethereum (ETH) exchange traded funds (ETFs) hosted by BlackRock in the last 24 hours totaled $860 million. Digging deeper into the details, we learn that most of this sum still belongs to IBIT, a Bitcoin ETF from BlackRock, which saw inflows of $733.6 million, according to Bloomberg data.