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news-imageNovember 29, 2024

Ethereum Breakout: Price Surge and Bullish Momentum

Ethereum (ETH), the world's second-largest cryptocurrency by market capitalization, has recently surged past a critical resistance level, capturing significant attention from both investors and traders. As of November 28, 2024, Ethereum's breakout from a five-day-long consolidation zone indicates the potential for a substantial rally in the coming days.
Publisher: The Currency Analytics
Sentiment: Positive
ETH

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Positive
cover-imageUToday
November 29, 2024

Ethereum (ETH) $4,000 Surge to Erase Almost $1 Billion

The market is nervous as Ethereum continues to rise, with over $835 million in short positions ready to be liquidated if ETH reaches $4,000. The price chart for Ethereum and the provided liquidation heatmap demonstrate the high stakes that are currently surrounding the second-largest cryptocurrency.

Positive
cover-imageCryptonews
November 28, 2024

ETH Co-Founder Charles Hoskinson Predicts Bitcoin Could Hit $500,000 Within 2 Years

Ethereum blockchain co-founder Charles Hoskinson has predicted that Bitcoin could soar as high as $500,000 within the next two years, according to a new video posted this week by the Cardano founder. Hoskinson's commentary comes shortly after Satoshi Nakamoto-created nearly soared past $100,000 in value just last week. The post ETH Co-Founder Charles Hoskinson Predicts Bitcoin Could Hit $500,000 Within 2 Years appeared first on Cryptonews.

Neutral
cover-imageThe Currency Analytics
November 28, 2024

CFTC Could Regulate Bitcoin and Ethereum Spot Markets Under Trump

The incoming Trump administration is reportedly planning to grant the Commodity Futures Trading Commission (CFTC) greater regulatory control over Bitcoin (BTC) and Ethereum (ETH) spot markets, potentially reducing the Securities and Exchange Commission's (SEC) role. This move aims to clarify regulatory responsibilities and reduce enforcement-driven approaches, fostering a more innovation-friendly environment in the United States crypto market.

Positive
cover-imageNewsBTC
November 28, 2024

Ethereum Price On The Verge Of Repeating 2017-2021 Cycle Breakout, Target Above $20,000

While Bitcoin (BTC) has reached new all-time highs this month, the Ethereum price has failed to experience a significant rally, befitting its position as the second-largest cryptocurrency by market capitalization. However, a crypto analyst suggests that this bearish price action could soon end, as Ethereum (ETH) appears to be repeating its breakout pattern from the 2017 to 2018 cycle.

Positive
cover-imageBenzinga
November 28, 2024

Ethereum Outperformed Bitcoin This Week As Key Indicators Shift: Report

Ethereum (CRYPTO: ETH) has outperformed Bitcoin (CRYPTO: BTC) in several key metrics over the past week, signaling a potential shift in market dynamics, according to a Bybit and Block Scholes report. What Happened: This trend comes amid the announcement of SEC Chair Gary Gensler's planned departure in January 2025, which has boosted sentiment around Ethereum and other altcoins.

Neutral
cover-imageThe Daily Hodl
November 28, 2024

Trader Warns Ethereum Could See Another ‘Big Move Down' Against Bitcoin, Updates Outlook on Dogecoin and Bonk

Popular crypto analyst Altcoin Sherpa is warning that Ethereum (ETH) may have a steep correction in its Bitcoin pair (ETH/BTC). The pseudonymous trader tells his 233,100 followers on the social media platform X that ETH/BTC could decline more than 35% from its current value. “ETH: I don't know if this bottoms until 0.

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