Ethereum shows strong support at $3,700-$3,810, bolstered by 8-month high network growth and bullish technical indicators.

Transaction fees on the Ethereum network have reached a nine-month high, totaling 67 million dollars per week.

Ethereum price today trades at as of . The drop comes after ETH hit a daily high of after % move on.

Ethereum may climb to $8,800 in early 2025 as bullish indicators emerge from a crypto market reset. Analysts highlight reduced leverage and a surge in new wallet creation as key drivers behind the potential rally.

Over the past week, non-fungible token (NFT) sales grew by 16.27% compared to the previous week, totaling $224.41 million across 22 different blockchains. Pudgy Penguins Lead NFT Charge, BNB Chain and Blast Show Growth Between Dec. 7 and Dec. 14, NFT sales climbed 16.27%, hitting $224.41 million.

Ethereum, valued at $468 billion, traded within an intraday range of $3,851 to $3,957.89 on Dec. 14, 2024, reflecting a 20.2% drop from its peak of $4,878.2 on Nov. 10, 2021. Ethereum The daily chart reflects ethereum's ongoing consolidation, with a peak at $4,096.6 marking the recent high of an uptrend that began at $3,014.5.

Ethereum has melted up the price charts on popular crypto exchanges, but not like Bitcoin has so far this 4-year market cycle. Will it be Ether's turn next in December and January?

Ethereum is attempting to break above the critical $4,000 level as it edges closer to its all-time high. The market has shown skepticism regarding Ethereum's performance in this cycle, with some analysts predicting it might underperform compared to previous bullish phases.

On Friday, the 12 spot bitcoin exchange-traded funds (ETFs) hit another high note, pulling in $428.98 million during the day's trading session. Meanwhile, nine spot ether ETFs added $23.61 million to their tally.

According to on-chain analytics platform Santiment, Ethereum is seeing the highest level of network growth since April as its price attempts to reclaim the $4,000 mark. Notably, 130,200 new ETH wallets were created per day in December, the highest since April.

Ethereum ETFs have had inflows in the last 16 consecutive days, breaking a personal record. The net inflow on Friday, Dec. 14 stood at over $23.6 million, bringing the total amount since inception to over $2.26 billion.

Ethereum has factored in a modest price increase of 0.94% in the past day and is attempting to hit $4K. The altcoin's daily trading volume has dipped by 20.90% as per CMC data.

The price of Ethereum recorded an overall decline of 2.08% in the past week in line with the general performance of most altcoins. While the prominent cryptocurrency struggles to make any significant breakout past $4,000, certain developments on its underlying network have drawn investors' attention.

Majestic yesterday, shaken today: Ethereum, once king of crypto, wavers under the assault of triumphant altcoins. Dencun was merely a balm on an open wound.

Ethereum's leveraged short position on the Chicago Mercantile Exchange (CME) has reached an all-time high, indicating a strong bearish sentiment in the market. The record leveraged shorts happened as open interest in Ethereum futures on the CME reached a record high of over one million ETH.

Renewed demand from ETH investors and slower ETH supply are network dynamics that could cause the asset to trade above $5,000 in the near term.

Ethereum (ETH) is holding steady around the $4,000 mark as buyers struggle to build momentum and push beyond resistance levels.

This is a very short and simple update on what we have witnessed this week in the cryptocurrency market. Staying up-to-date with the latest developments in the market is essential for making better decisions. Let's analyse the market. Ready? Dive in! US Market Weekly Update This week, the S&P 500 index stands at $6,051.

Ether's price may see an imminent breakout against Bitcoin based on Ether's correlation with the four-year Bitcoin halving cycle.

After the recent bounce back, the Ethereum price continues to face strong resistance around $4,000 with investors waiting on the sidelines for a bullish breakout. With ETH flirting around $3,900 again, investors are cautious about another pullback.

Despite surging more than 65% on a year-to-date (YTD) basis, Ethereum (ETH) has been overshadowed by Bitcoin (BTC) and other cryptocurrencies like Solana (SOL) and XRP due to their extraordinary price gains throughout 2024. Analysts are increasingly bullish on ETH, projecting five-figure price targets for the second-largest cryptocurrency.

Binance Research's recent report, “The ETH Value Debate,” analyzes Ethereum's shifting role in the crypto ecosystem.

The cryptocurrency market is bracing for a major event today, as a massive $4.26 billion worth of Bitcoin (BTC) and Ethereum (ETH) options are set to expire. This significant expiration of options contracts could trigger increased volatility in the market, as traders and investors prepare for the aftermath.

Ethereum also faces rising competition from alt-L1s, which have surpassed it on numerous YTD growth measures. This is despite the fact that a year has been filled with significant milestones, such as the Dencun upgrade and many more.

Ethereum whale withdraws 5160 ETH tokens worth $20 million from Binance.

Bitcoin's historic rally last week didn't happen in isolation—it came amid a surge of retail investors, Ethereum ETF inflows, and more. This editorial is from last week's edition of the Week in Review newsletter. Subscribe to the weekly newsletter to get the editorial the second it's finished.

Electric Capital released its annual developer report for the sixth year in a row. The report, gathered through open-source code activity, compiled notable industry developments in 2024 so far.

As the Ethereum (ETH) price consolidates just above $3,900, traders are eyeing up the possibility of a surge into the year's end, a phenomenon referred to as a “Santa Rally”. The post Ethereum Price Set to Pump to $5K Before Year's End? Here's Why a “Santa Rally” Is Likely appeared first on Cryptonews.

VanEck forecasts explosive growth for Bitcoin, Ethereum, and Solana, with prices reaching $180K, $6K+, and $500+ by 2025. Adoption, staking innovations, and DeFi advancements lead the charge.

While Solana attracted more new developers, Ethereum retained its lead in monthly activity and code commits.

VanEck, an asset management firm, has projected that Bitcoin, Ethereum, and Solana will reach new all-time highs (ATH) in 2025. The firm's December 13 report outlined key market trends and predicted a cryptocurrency bull cycle peaking in the first quarter of the year, followed by corrections and a recovery to historic highs in the fourth

Cryptocurrency markets are trading higher on Friday as the stock market continues to have a bullish outlook for 2025. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $101,697.15 +2.2% Ethereum (CRYPTO: ETH) $3,931.03 +1.6% Solana (CRYPTO: SOL) $224.50 -1.5% XRP (CRYPTO: XRP) $2.43 +3% Dogecoin (CRYPTO: DOGE) $0.4063 +0.4% Shiba Inu (CRYPTO: SHIB) $0.00002846 +1.4% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 13.1% and daily active addresses growing by 3.8%.

Ethereum has been encountering a significant obstacle at the $4,000 price level, despite its impressive rally earlier in December. On December 6, Ethereum briefly surpassed $4,000, reaching a high of $4,093.

Investment firm VanEck anticipates a bullish cryptocurrency market in 2025, projecting Bitcoin to peak at $180,000, Ethereum to surpass $6,000, and Solana to climb beyond $500.

The cryptocurrency space has witnessed significant growth in developer activity in 2024, with Solana emerging as a surprising leader in attracting new developers, surpassing Ethereum for the first time. According to Electric Capital's 2024 Developer Report, Solana has attracted 7,625 new developers, surpassing Ethereum's 6,820 new developers.

Crypto finance service provider Bitcoin Suisse says the crypto bull market will continue in 2025, and projects that Ethereum staking exchange-traded funds could outperform Bitcoin.

CryptoQuant, a prominent blockchain analytics platform known for its institutional-grade cryptocurrency market analysis, has suggested Ethereum (ETH) could surpass the $5,000 mark based on its proprietary price band analysis.

U.S. asset manager VanEck has published its predictions for cryptocurrency prices in 2025, anticipating further bullish price action next year. Prediction #1: New Highs For The Crypto Bull Market VanEck expects the crypto market to reach a medium-term peak in the first quarter of 2025, with Bitcoin (CRYPTO: BTC) potentially hitting $180,000 and Ethereum (CRYPTO: ETH) exceeding $6,000.

LINK's pattern, similar to Ethereum's, suggested a potential rally as Futures Open Interest hit new ATHs.

Bitcoin is facing selling above $100,000, but the repeated retest of a resistance level increases the likelihood of a breakout.

BlackRock's spot Ethereum ETF capped off a 16-day streak of inflows with a $200 million bump Thursday, pulling in $1.5 billion since Nov. 20.

Eigen Foundation has announced that it will commit 1% of all EIGEN token supply to Protocol Guild, an on-chain fund for maintaining the Ethereum Layer-1 network. The foundation which supports the restaking platform, Eigen Layer, announced this on X, noting that it is committed to Ethereum security.

Ethereum (ETH) has recently crossed the $4,000 mark for the first time since March and is currently trading at $3,881.21.

Is Ethereum price today gearing up for a potential $5,000 target, fueled by record ETF inflows, powerful network upgrades, and surging investor confidence?

Bitcoin and Ether ETFs recorded a combined $870M daily inflows on Friday. Bitcoin's price faced resistance at $102K, while Ethereum neared the $4,100 mark.

Ethereum (ETH) price is showing mixed signals as it trades between a key resistance at $4,100 and support at $3,600. Recent metrics, including NUPL (Net Unrealized Profit/Loss), indicate improving investor sentiment, and ETH remains far from the “Euphoria – Greed” stage seen at market tops.

These trusts aim to provide investors with direct exposure to the respective tokens, reflecting the firm's confidence in their role