Ethereum Price Consolidates: Preparing for the Next Move Higher?
Ethereum price is consolidating gains above the $2,580 resistance. ETH could gain pace if it clears the $2,650 resistance zone.
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Ethereum price is consolidating gains above the $2,580 resistance. ETH could gain pace if it clears the $2,650 resistance zone.
Bitcoin and Ethereum continued trading flat even as equities notched fresh record highs. However, Dogecoin moved higher on Thursday.
Recent reports have revealed that Ethereum has had a challenging run, underperforming compared to other major cryptocurrencies. However, despite this, some positive signs may be on the horizon.
Ethereum (ETH) continues to navigate a dynamic market landscape, recent indicators suggest a growing potential for the cryptocurrency to reach the $3,000 mark. With an uptick in active addresses, significant exchange outflows, and bullish technical signals, Ethereum appears to be positioning itself for a price rally.
Nearly 70% of institutional investors holding Ethereum (ETH) are engaged in staking, with 52.6% of them holding liquid staking tokens (LSTs), according to a Blockworks Research report. Nearly half of institutional investors staking ETH prefer to use only one integrated platform, such as Coinbase and Binance.
As it gets closer to forming a golden cross, Shiba Inu is exhibiting indicators of a possible breakout. The 50-day moving average crossing above the 200-day moving average is a bullish pattern that frequently results in a substantial increase in market momentum.
Solana's recent DEX volume dominance against Ethereum sparks speculation of a major bull run on the horizon.
ETH price has hit a roadblock as options traders remain skeptical of $3K target before US elections.
World, previously called Worldcoin, has debuted an Ethereum layer-2 chain with an aim to onboard real humans—not bots.
VanEck significantly downgrades its long-term Ethereum (ETH) price target.
Ethereum's "changing fundamentals" and growing embrace of layer-2 networks could massively impact ETH's future price, a VanEck analyst said Thursday.
Vitalik Buterin reminds proponents and detractors of the goal of the network's now-highly criticized rollup-centric roadmap
PayPal's Venmo can now be used by U.S. customers to top up and make crypto purchases on MoonPay, according to a Thursday announcement.
The cryptocurrency market showcased a compelling narrative of contrasting investor behavior. Bitcoin ETFs enjoyed a significant influx of capital, while Ethereum faced a decline in investor interest, revealing a pivotal shift in sentiment between these two leading digital assets.
A new update has come to the Ethereum Pectra upgrade. According to Galaxy's Vice President and researcher Christine Kim, the developers discussed the upgrade during their 144th All Core Developers Consensus Call (ACDC), which recently took place.
In a new blog post titled “Possible futures for the Ethereum protocol, part 2: The Surge,” Ethereum co-founder Vitalik Buterin outlined an ambitious roadmap aiming to scale Ethereum's transaction processing capacity to over 100,000 transactions per second (TPS) across Layer 1 (L1) and Layer 2 (L2) solutions.
A widely followed crypto analyst is issuing an alert about Ethereum (ETH), saying that the top altcoin appears to be forming a bearish pattern.
Cryptocurrency markets are trading lower on Thursday, consolidating gains from earlier in the week. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $66,879.97 -1.3% Ethereum (CRYPTO: ETH) $2,583.46 -1.1% Solana (CRYPTO: SOL) $148.51 -3.8% Dogecoin (CRYPTO: DOGE) $0.1213 -4% Shiba Inu (CRYPTO: SHIB) $0.00001767 -5% Notable Statistics: IntoTheBlock data shows Bitcoin large transaction volume decreasing by 14.8% and daily active addresses falling by 20.1%.
Kraken, a leading cryptocurrency exchange, launched its own wrapped bitcoin (BTC) token, known as kBTC, on October 17.
The growing use of stETH in DeFi protocols means the asset is slowly taking the role of the fed funds rate in the crypto ecosystem, says ARK Invest.
Ethereum's price has fluctuated under $2,800 for the past few weeks, and it is stuck in a consolidation phase. Despite several attempts, ETH has been unable to break through key resistance levels, leaving investors uncertain.
The Kraken's launch of Wrapped Bitcoin will further enhance the mainstream adoption of BTC through Web3 space across different chains.
TL;DR Kraken has launched kBTC, a Wrapped Bitcoin designed to facilitate its use in the DeFi ecosystem, backed 1:1 by real Bitcoin. The kBTC token is available on the Ethereum and OP Mainnet networks, allowing users to verify on the blockchain the total reserve of Bitcoin that backs it.
In their joint “Q4 Guide to Crypto Markets,” Coinbase (NASDAQ:COIN) Institutional and Glassnode report a growing and maturing crypto market despite Bitcoin‘s (CRYPTO: BTC) range-bound price action over the last six months. What Happened: Their analysis shows that despite the lack of strong price movements, the crypto market has shown signs of sophistication through successful spot ETFs, increased on-chain activity and higher trading volumes.