Cardano's Long/Short ratio, Futures Open Interest, and OI-Weighted Funding Rate are flashing bullish signals.
Recent Ethereum price action saw ETH reaching another low of $2,150 on September 6, raising concerns of a more severe drop towards the $2,000 price level. Although these concerns were eased with a subsequent bounce to $2,460 on September 13, Ethereum remains largely in a downtrend, with a triple-bottom price formation now shaping up.
Hougan describes Ethereum as "the Microsoft of blockchains."
Ethereum's 2024 triple bottom mirrors 2021, with critical resistance and network activity in focus.
Cryptocurrency markets are trading relatively flat after the Federal Reserve announced a 50-basis-point interest rate cut, making risk assets more attractive. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $60,376.37 -0.4% Ethereum (CRYPTO: ETH) $2,322.72 -1.3% Solana (CRYPTO: SOL) $130.3 -1.7% Dogecoin (CRYPTO: DOGE) $0.101 -0.3% Shiba Inu (CRYPTO: SHIB) $0.00001334 -0.04% Notable Statistics: IntoTheBlock data shows an 8% decline in large transaction volume and a 4% increase in daily active addresses.
ETH price struggles to find reasons to rally after the network's DApp volumes drop and Ether languishes near the $2,250 support.
Hemi Labs, the brainchild of former Bitcoin core developer Jeff Garzik, announced on September 18 that it raised $15 million in a funding round to develop its new blockchain network, Hemi.
In this bearish market sentiment, crypto whales have begun showing interest in Ethereum (ETH), the second-biggest cryptocurrency by market cap. On September 18, 2024, the on-chain analytics firm Lookonchain made a post on X (Previously Twitter) stating that a whale who sold 5,690 ETH, worth $13.1 million, yesterday has bought back 5,660 ETH worth $13.
WisdomTree launched an Ethereum-based platform for tokenized real-world assets (RWA) called WisdomTree Connect on Sept. 18. The platform's goal is to allow customers to interact with any WisdomTree-issued token on different blockchains.
As the Ethereum ecosystem continues to evolve, it is crucial to understand how to navigate the decentralized environment. However, a market expert offering insights on the subject has disclosed that Ether (ETH) is the key to exploring the ecosystem, suggesting that holding the altcoin is crucial for those aspiring to get on board.
Cardano (ADA) has made headlines by decisively winning a recent poll conducted by Weiss Crypto, a respected ratings agency in the cryptocurrency sector. The survey, which garnered over 7,000 votes, revealed that a staggering 76% of respondents believe Cardano boasts the best technology among altcoins.
Ethereum faces liquidity pressure, but bullish indicators and ETF outflows persist.
Popular crypto analyst Benjamin Cowen thinks Ethereum (ETH) is close to bottoming out against Bitcoin (BTC). Cowen tells his 856,500 followers on the social media platform X that he thinks the ETH/BTC ratio will bottom out between 0.03-0.04 BTC and then trend up next year.
The chief investment officer of crypto asset management firm Bitwise says that Ethereum (ETH) appears to be in a period of stagnation after being outpaced by both Bitcoin (BTC) and Solana (SOL).
Cryptocurrency markets are trading relatively flat after the Federal Reserve announced a 50 basis points cut, making risk assets more attractive. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $60,376.37 -0.4% Ethereum (CRYPTO: ETH) $2,322.72 -1.3% Solana (CRYPTO: SOL) $130.3 -1.7% Dogecoin (CRYPTO: DOGE) $0.101 -0.3% Shiba Inu (CRYPTO: SHIB) $0.00001334 -0.04% Notable Statistics: IntoTheBlock data shows an 8% decline in large transaction volume and a 4% increase in daily active addresses.
During Wednesday's U.S. trading session, the cryptocurrency market saw a slight downturn, with Bitcoin struggling to maintain above $60,000. Meanwhile, the Ethereum price dropped by 1.8%, extending its correction as Q3 neared its end.
Cardano (ADA) is making headlines as it forms a symmetrical triangle pattern on its price chart, a technical signal that could indicate significant price movement in the near future. After experiencing a notable decline over the past four months, Cardano's price has drawn the attention of market analysts, particularly in the context of broader economic factors and network activity.
Vitalik Buterin breaks into song at Token2049, channeling his Ethereum rap days while splitting opinions.
This article evaluates the potential of Ethereum to surpass $3k in September based on insights from cryptocurrency experts and analyses of key altcoins. Stay updated with the latest Ethereum predictions and market trends.
Bitcoin is at a critical juncture, and analysts are divided about the potential impact of interest rate cuts on the market's direction.
Last week's Ethereum ETFs outflows resulted in weak demand this week. We explore key observations that may point to the shifting tide.
Regulatory uncertainties and competition notwithstanding, Matt Hougan believes Ethereum is underappreciated.
The Ethereum network, one of the leading blockchain solutions has once again taken a hit as the network's average staker revenue over the past few days has witnessed a sharp decline, indicating a decrease in users' or stakers' interest and engagement.
Ethereum L2 fees reduced to near zero, enhancing affordability. Ethereum's transaction confirmation times significantly improved post-Merge.
Cardano is set to see a rise in user adoption after the much-awaited release of Midnight's whitepaper, dubbed the "Nightpaper."
The crypto market continues hovering close to its valuation of $2.05 Trillion mark, indicating stability in the crypto space. Moreover, the market leader, Bitcoin price had reclaimed the $60K mark during the early Asian trading hours. This highlights increased price action.
DBS, Singapore's largest bank, is launching over-the-counter Bitcoin and Ethereum options trading for its institutional and accredited wealth clients in Q4 2024.
Google offers Ethereum RPC service to support blockchain developers. Google simplifies dApp development by providing secure access to the Ethereum blockchain.
Google Cloud has recently announced the launch of its Blockchain Remote Procedure Call (RPC) service, an important development for the world of cryptocurrencies and decentralized applications (DApp). This initiative aims to simplify access to blockchain data, while improving the reliability and speed of applications that rely on such technologies.
On Tuesday, 12 bitcoin exchange-traded funds (ETFs) pulled in a hefty $186.76 million in inflows, while nine ether ETFs saw yet another round of outflows. The primary source of the ether losses? Grayscale's ETHE, which has experienced a $2.75 billion outflow since July 23.
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The cryptocurrency exchange-traded fund (ETF) market experienced a dramatic shift. Spot Bitcoin ETFs saw an impressive surge in investment, while spot Ethereum ETFs continued to face outflows.
Ahead of the 2024 presidential election, Charles Hoskinson, co-founder of the Ethereum (CRYPTO: ETH) blockchain, has expressed his preference for Donald Trump over Vice President Kamala Harris from a cryptocurrency perspective. What Happened: Hoskinson made these remarks on Wednesday at TOKEN2049 in Singapore, CNBC reported on Wednesday.
As the “Microsoft of blockchains,” Ethereum offers a potential contrarian bet into year-end, according to Matt Hougan.
The hacker behind the WazirX breach recently funnelled $11 million through Tornado Cash, as the total laundered Ethereum reaches 20,000 ETH.
Ethereum's bullish fractal pattern from 2021 consists of a five-point setup, which ETH is currently mirroring in 2024.
The funding rate is a crucial metric in futures markets, representing the cost of holding long (buy) or short (sell) positions. When the funding rate is positive, long position holders pay short sellers, reflecting a bullish market sentiment.
The price of Cardano has dropped by 1% today, with ADA falling to $0.3304 as the cryptocurrency market as a whole barely moves in the past 24 hours.
In the latest update, Spotonchain has highlighted an investor's strategic move amidst struggling prices in the crypto market. The whale with the address 0x761, which had once made significant gains from SHIB, is now shifting its focus to other tokens, particularly Fetch.AI and Neiro on ETH, to recover from the recent losses.
Cardano founder Charles Hoskinson has posted a photo of himself taken at the TOKEN2049 blockchain event in Singapore.
As the Federal Reserve gears up for potential rate cuts, crypto analyst Michael van de Poppe is keeping a close eye on Ethereum. While he doesn't believe today marks the bottom for ETH, he's excited about what could unfold in the decentralized finance (DeFi) space once the Fed begins to lower rates.
Ethereum-based latest meme coin NEIRO has gained significant attention recently after receiving support from some of the top crypto exchanges like Binance, KuCoin, and others.
The Cardano ecosystem is poised for significant growth with the introduction of the NIGHT token, as detailed in the recently published Midnight “Nightpaper.” As a Cardano native asset, NIGHT will play a role in governance and network consensus, supporting the blockchain's innovative dual-token system alongside DUST, a token designed to manage transactions while preserving user
On Thursday, Ethereum developers will decide if Pectra will be split into two forks. If developers agree on the split, the first package could come in 2025, as early as February.
For the founder of ETH, the crypto industry must meet the needs of the mainstream and maintain decentralization.
Berachain was among the most hyped crypto projects at Token 2049, as investors are awaiting its mainnet launch before the end of 2024.
The highly-anticipated FOMC meeting will take place today and tomorrow.