As investors turn fearful in the falling crypto market, Ethereum nears a buy-the-dip level. With analysts targeting this pullback for a massive reversal potential, should you consider buying in a bleeding market?

Ethereum's price finds itself at a critical juncture near $3,200 support after failing to break above $3,450, with technical indicators suggesting continued consolidation in the short term.

Tech billionaire Elon Musk said Wednesday that his budget-cutting effort on behalf of President-elect Donald Trump would most likely not find $2 trillion in savings, backtracking on as co-head of a new advisory body, the Department of Government Efficiency, or DOGE.

Billy Markus, a software developer who collaborated with Jackson Palmer to create the original meme cryptocurrency Dogecoin in 2013, has taken to his X social media account to repost a video extract from a recent speech made in the US Senate by Senator Joni Ernst (IA) from the Republican Party.

In crypto, history often repeats itself, and Dogecoin might be ready to take advantage.

Dogecoin maintains support at $0.34 following a 14% correction, with technical analysis suggesting potential for upward movement pending a break above the $0.43 resistance level.

Phala Network said on January 8 that it launched the first-ever Op-Succinct Layer 2 rollup on Ethereum. This initiative is the result of a partnership with Succinct Labs and Conduit.

Ethereum (ETH), the second-largest cryptocurrency by market cap, has faced a notable wave of sell pressure in early January, wiping out its recent gains. This dip has been fueled by multiple factors, including leveraged liquidations and significant spot outflows.

Bitcoin and Ethereum ETFs recorded combined outflows of over $740 million on Wednesday, led by Fidelity's FBTC's $258 million withdrawal, amid macroeconomic concerns and falling crypto prices.

The score is 1 out of 5 but there is talk of an investment opportunity for traders.

A special administrative region in Bhutan announced on Wednesday that it will hold Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and BNB Coin (CRYPTO: BNB) as part of its strategic reserve. What happened: Gelephu Mindfulness City, situated in the south-central part of the Himalayan nation, said in a statement that they opted for cryptocurrencies with large capitalizations to ensure ease of trading and to avoid liquidity risks.

Santiment suggested that the drop could be a prime opportunity for contrarian investors to capitalize on Dogecoin's potential resurgence.

Spot bitcoin ETFs reported total net outflows of $582 million, while spot ether ETFs saw $159 million in net outflows on Wednesday.

Recently, Ethereum cofounder Vitalik Buterin made hints about putting more of an emphasis on core development and increasing his involvement with the larger Ethereum ecosystem. He discussed the necessity of striking a balance between Ethereum's technical advancements and increased visibility for initiatives and projects developing on the platform in a recent social media conversation.

Bitcoin (BTC) continued to drop for a second day as it slipped below $95,000 on Wednesday, falling to a low of $92,911 before recovering and moving to its current level of $94,442. The flagship currency is down almost 3% over the past 24 hours, as the crypto market lost $320 billion.

Ethereum price action has drawn attention recently, with the altcoin king struggling to breach the $3,721 resistance level.

Ethereum price has drifted to the red zone along with the majority of the top 10 coins. ETH is down by more than two percent and is trading slightly below the $3300 level at the time of writing.

On-chain intelligence platform Santiment says opportunistic traders may gain from the low levels of online chatter around leading meme coin Dogecoin (DOGE). In a Jan. 9 report, Santiment gave Dogecoin an optimistic crowd sentiment score of 1 out of 5, contrasting the positive sentiment rankings of 4 out of 5 for XRP and Solana.

Phala, a Polkadot-based parachain and verifiable computing platform, has launched a new Layer 2 network on Ethereum.

Dogecoin faced a wave of selling pressure yesterday, marking a sharp 14% drop from the $0.39 level. This decline has sparked caution among investors, yet Dogecoin remains resilient, holding at a critical demand level.

Dogecoin crowd sentiment is at a low point, which could point to a buying opportunity before the crypto market starts moving higher again, according to Santiment.

Ethereum price failed to clear the $3,450 resistance and extended losses. ETH is struggling and might continue to move down if it stays below $3,500.

BB Token has expanded to Ethereum, enhancing cross-chain access and liquidity using LayerZero's Omnichain Fungible Token Standard, according to BounceBit.

Ethereum's price has recently experienced a significant downturn, slipping by more than 9% and currently trading below the $3,350 mark. Despite maintaining a bullish trend above a critical support zone, the price action is showing signs of weakness.

Ethereum's Pectra ‘hard fork' is expected to introduce key updates to improve Ethereum user and developer experiences. The update, which will be rolled out in two phases, is scheduled for release during the first quarter of 2025.

Bitcoin and ether ETFs could be followed by an XRP ETF with a crypto-friendly Trump administration on the horizon. XRP ETF Could Be the Next Biggest Thing for Crypto in the U.S. Ripple President Monica Long stated in a Bloomberg interview on Tuesday that an XRP exchange-traded fund (ETF) may soon materialize as advantageous U.S.

Ethereum (ETH) price has dropped nearly 8% in the last 24 hours, nearing the loss of its $400 billion market cap. The sell-off has pushed ETH's RSI to 27.1, its lowest since December 20, signaling oversold conditions and weak market sentiment.

The Dogecoin (DOGE) price could be on the cusp of a massive price crash, as blockchain data reveals an uptick in Whales sending their tokens to major exchanges. The post Is Dogecoin Price About to Crash? Whale Sends 70 Million DOGE to Binance appeared first on Cryptonews.

Whale Alert, a prominent crypto and blockchain tracking platform, has spotted a massive DOGE deposit amid the Dogecoin price crash. This enormous deposit, involving over 70 million DOGE tokens, was moved by an anonymous whale to Binance, the world's largest crypto exchange.

Recent price movement points to a notable upside momentum for Dogecoin in the upcoming days as the general crypto market gains traction. However, certain indicators show that the dog-themed meme coin's next upward move might be tied to Bitcoin's price dynamics.

Cryptocurrency markets continued to slide lower on Wednesday. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $94,201.98 -2.3% Ethereum (CRYPTO: ETH) $3,279.33 -3.2% Solana (CRYPTO: SOL) $194.57 -4.9% XRP (CRYPTO: XRP) $2.32 +1.9% Dogecoin (CRYPTO: DOGE) $0.3362 -4.8% Shiba Inu (CRYPTO: SHIB) $0.00002113 -3.6% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 9% and daily active addresses falling by 0.08%.

ETH dipped this week. Here's a look at what played out and why the dip may be short-lived, as whales re-accumulate.

The Shiba Inu and Dogecoin prices have suffered double-digit losses today, having started the week on a positive note. This price drop has occurred thanks to macroeconomic factors, which present a bearish outlook for these coins.

A Ripple exec believes that XRP ETF applications could be fast-tracked under the new administration.

Bitstamp cryptocurrency exchange has announced the listing of Ripple's enterprise-grade stablecoin, Ripple RLUSD, on the Ethereum blockchain. This addition is part of Bitstamp's effort to diversify its offerings and cater to investors seeking a robust digital asset for financial applications.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Ripple President Monica Long mentioned in a January 7 interview on Bloomberg TV that the crypto market might receive more crypto spot ETF approvals in 2025. Long suggested that President Donald Trump and his pro-crypto administration would introduce more crypto-friendly regulations to support ETFs sooner.

Bitcoin's sell-off shows no signs of forming a bottom, which is destroying traders' appetite for altcoins.

Dogecoin price retreated for two consecutive days as sentiment in the crypto industry worsened. Dogecoin (DOGE), the largest meme coin in the cryptocurrency market, fell by 6% on January 8, reaching a low of $0.

Amid the wider market decline, meme coin Dogecoin has seen its price retrace by about 10% in the past 24 hours. At the same time, data from Coinglass shows that over $24 million worth of Dogecoin positions have been liquidated in the ensuing decline in the past 24 hours.

Dogecoin price has dropped over 10% in the last 24 hours, mirroring a widespread cryptocurrency market downturn. Bitcoin's price fell below $96K, signaling a bearish trend that triggered investor liquidations.

Ripple President Monica Long has stated that an XRP spot exchange-traded fund (ETF) is likely to be approved “very soon,” and is expected to be next in line after the recently approved Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) ETFs. Long's comments suggest a significant shift in the regulatory landscape, potentially opening up (CRYPTO: XRP) to a broader investor base.

Dogecoin dropped 10% to below $0.37 amid a broader crypto market decline that saw Bitcoin fall to $96,000 and triggered $560 million in liquidations.

Analytics account @spotonchain has published a tweet to inform the crypto community that today the Ethereum Foundation had made its very first sale in 2025, on Jan. 8.

The cryptocurrency market is facing turbulence as Bitcoin and Ether, two of the largest digital assets, experienced significant declines over the past 24 hours. Bitcoin, which had briefly surged above the $100,000 mark earlier this week, dipped by 5%, dropping to $96,527.

The futures on Dogecoin (DOGE) are attracting growing interest, marking a new record for open interest and consolidating the role of the largest memecoin by market capitalization.

Bhutan's Gelephu Mindfulness City pioneers adoption of digital asset strategic reserves. The city plans to set up an advisory panel on digital assets for GMC.