SOL's next downtrend could shape what happens to the altcoin over the long term.

After a continuous price drop of over 12% in recent days, Tron (TRX) is now poised for an upside rally, as its price action and on-chain metrics hint at bullishness. Following its breakout of a strong resistance level of $0.145 has soared more than 16% and never retested.

The cryptocurrency market has been under intense bearish pressure in recent weeks, with several large-cap assets including Bitcoin (BTC) and Ethereum (ETH) struggling to put in a positive shift. The past week was particularly drab for the two largest cryptocurrencies, as they posted double-digit losses in the last seven-day period.

Solana (SOL), one of the leading cryptocurrencies by market capitalization, is witnessing a noteworthy rebound. After facing a challenging end to August, the asset has shown signs of recovery, with analysts forecasting a remarkable 62% price increase ahead of the highly anticipated Breakpoint event.

Ethereum (ETH) experienced a slight downturn on Wednesday, in tandem with a broader cryptocurrency market decline led by Bitcoin (BTC), which fell 7.59% over the past 24 hours to trade at $54,354 at the time of writing.

TLDR Price forecasts suggest a Solana climb above $180 before the month's end. BNB targets $1,000 by Q4. IntelMarkets, the latest investor favorite, is tipped for a 5,000% gain after its launch. While often undesired, market dips provide the best entries.

Monochrome launched a new Spot Ethereum ETF in Australia, while VanEck shut down its Futures-based ETH ETF.

American investment company WisdomTree has requested to withdraw its Ethereum Trust registration statement three years after submission to the US Securities and Exchange Commission (SEC). This development comes a few hours after fellow asset manager VanEck closed down its Ethereum futures ETF citing a lack of demand.

Solana (SOL) is currently trading around $127, a critical level that could either support a recovery or lead to further declines. Throughout the year, this price point has frequently served as an important support for the altcoin.

Coinbase added the new native asset of an Ethereum (ETH) layer-2 scaling protocol to its listing roadmap on Friday, putting the token on the potential path to trading on the top US crypto exchange. Zksync (ZK), the newest addition to the listing roadmap, bills itself as “an ever-expanding verifiable blockchain network, secured by math.

The total assets held by Bitcoin funds has fallen to a multi-month low, while Ethereum ETFs log their lowest asset levels yet seen.

TRON (TRX) price has recently experienced a price rebound, indicating a potential shift in market dynamics. For several weeks, TRON's trading pattern has remained largely sideways as both bulls and bears vied for control.

ETH's price action has underwhelmed lately. What are institutions upto now?

The price of Ethereum (ETH) has broken through the current support level of $2,300, continuing its range-bound movement.

The first atomic SVM chain on Solana, Sonic SVM, has announced the launch of Hyperfuse Nodes, marking the first node sale in the Solana ecosystem. The sale offers participants access to Sonic's Solana Virtual Machine (SVM) technology and a potential opportunity to earn tokens.

Alongside many other altcoins, ETH's price continues to struggle, and its future now hinges on some critical support levels. If these key levels fail to hold, ETH could face a prolonged bearish period.

Network activity on the Bitcoin (BTC) blockchain seems to have stalled while it is dwindling on Ethereum (ETH), a report by Citi says. Network Activity Lukewarm On Bitcoin And Ethereum One of the key metrics used to ascertain user interest in a blockchain project is the measurement of its network activity.

Ethereum has been notably bearish, marked by a sharp decline following a pullback to the lower boundary of a broken wedge, coupled with the formation of a death cross. Despite this, the price is nearing a crucial support level that could lead to a short-term sideways consolidation.

A widely followed cryptocurrency analyst and trader is leaning bearish on Bitcoin (BTC) while offering his opinion on two altcoins. Starting with Bitcoin, the analyst pseudonymously known as Sherpa tells his 222,600 followers on the social media platform X that Bitcoin is headed to a price of $45,000, around 20% below the current level.

Bitcoin ETFs have recorded their smallest outflow in a six-day streak, while Ethereum ETFs continue to experience significant withdrawals. The latest data from Farside Investors reveals critical insights into the current trends affecting these digital asset funds.

ETH was slightly up YTD and 46% for the trailing 12-months Thursday. But it has some big prospects ahead when alt season kicks in on this Bitcoin super cycle.

Solana (SOL), the fifth largest cryptocurrency by market capitalization, may be on the verge of a significant price correction, according to a recent market prediction. Ali Martinez, a crypto analyst, has highlighted a potential bearish scenario for SOL, which could trigger a substantial drop to as low as $90.

Ethereum (ETH) is facing significant selling pressure from whales and institutions, signaling a potential major price drop. On September 7, 2024, the overall cryptocurrency market experienced a notable price decline including Bitcoin (BTC) and Ethereum (ETH) resulting in continuous sell-offs by whales and institutions.

Solana (SOL) has recently captured the attention of crypto traders as a significant buy signal has emerged, signaling a potential price rebound. After enduring a challenging phase in the broader cryptocurrency market, where many coins struggled to find upward momentum, Solana is showing signs of a comeback.

Despite recent updates and developments, time hasn't been kind to ETH's performance.

On Friday, the Bitcoin price breakdown below $55000 sparked concern about an extended correction in September. While the bearish momentum may shake out speculative traders, smart money may capitalize on this opportunity to accumulate top altcoins like XRP and Solana.

Despite the Chewy token's near 30% rally, Gill's cryptic post seems to suggest that he is dropping the Chewy company, not endorsing it.

Investment management firm VanEck announced plans to close its Ethereum futures ETF after a thorough evaluation. The Board of Trustees at VanEck ETF Trust made the decision on Thursday.

Solana, JasmyCoin, and other altcoins continued their strong sell-off this week as the crypto fear and greed index fell. Solana and Jasmy are in a bear market JasmyCoin (JASMY) dropped to a low of $0.

While Ethereum developers are working hard to develop on-chain scaling solutions, including Sharding, layer-2s is picking up steam. According to L2Beat, as of September 6, all these layer-2 scaling solutions managed nearly $34 billion.

Ethereum's weekly chart against Bitcoin showed that the downtrend has been in play since early 2023.

Australian asset manager Monochrome Asset Management is optimistic about the prospects of its new spot, the Ether exchange-traded fund (ETF), and the first in the country to hold Ether directly.

Ethereum (ETH) is currently facing significant selling pressure and fear after a 23% decline, bringing its price down to yearly lows at $2,200. One major concern for investors is the ongoing underperformance of ETH compared to Bitcoin, a trend that has persisted since September 2022.

Ethereum price today trades at $2,286 after crashing 6% in the past 24 hours. Investors must be cautious as ETH whales that sold during the 2021 bull run and around the all-time high (ATH) are selling again.

Solana (SOL) is showing signs of a possible recovery despite ongoing bearish conditions. A prominent crypto analyst recently shared on X (formerly Twitter) that the TD Sequential indicator has issued a buy signal for SOL on its daily chart.

Between Sept. 1 and Sept. 7, 2024, the crypto market took a notable hit, shedding $170 billion in value. Bitcoin and ethereum were the main drivers of this downturn, responsible for 78.82% of the week's losses. These two heavyweights saw their combined market caps shrink the most, dragging the entire market down with them.

Ethereum co-founder Vitalik Buterin is optimistic about the protocol's future, with defined upgrades he believes will come on the network in the coming decade. Speaking on the Bankless podcast, the blockchain innovator gave a projection that he believes might see everyone participating in running the Ethereum network.

A widely followed crypto analyst believes that one Ethereum (ETH) competitor could first correct by double digits and then go on a massive rally to print new all-time highs (ATH).

It was a somber seven days as the crypto market continued to tumble.

The Ethereum Foundation treasury currently holds $650 million in the main wallet. Ethereum has plunged by 5%, trading at $2,260.

WisdomTree's withdrawal highlights regulatory hurdles in crypto ETF approvals. The move may reshape investor expectations for Ethereum-based investment products.

Sonic SVM is aiming to fuel its growth on the Solana blockchain with its upcoming sale of $12.8 million worth of validator nodes in its HyperGrid framework. Scheduled for the week of September 16, this sale will feature 50,000 “Hyperfuse nodes” distributed across 20 pricing tiers.

Ethereum has witnessed a drop towards the $2,350 level as on-chain data reveals the whales have been making large exchange inflows recently. Ethereum Exchange Netflows Have Been Positive Recently According to data from the market intelligence platform IntoTheBlock, the ETH Exchange Netflow has been positive recently.

In the first week of September, a noticeable decline in trading activity has taken hold, with many market participants opting to stay on the sidelines. This is reflected in a 5% drop in global cryptocurrency market capitalization over the past week.

Wisdom Tree has canceled its submission request for the Ethereum Trust S-1 registration, filing a withdrawal request on September 6.

Amid strong criticism for the Ethereum blockchain and its underperformance this year, VanEck head of digital assets – Matthew Sigel – has come out defending the network while citing its strong economic model. The ETH price has also been subject to criticism failing to show enough traction even after the launch of the spot Ether

Meme coins like WIF and BONK did not make the list.

A well known asset management firm, VanEck is closing its Ethereum Futures ETF (EFUT). This marks a significant pivot in the firm's strategy amid evolving market conditions. The firm has been operating this ETF for less than a year. This ETF has been operational for less than a year.