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news-imageDecember 16, 2024

Ethereum May Retest $3,700 Before a Major Rally, Analyst Predicts

Ethereum relatively sluggish price performance compared to Bitcoin's continuous rise appears to have captured the attention of crypto analysts. While Bitcoin has created a new peak above $106,000 earlier today, Ethereum's price still sits below $4,000 with a current trading price of $3,943, marking a modest 1.4% increase over the past 24 hours.
Publisher: NewsBTC
Sentiment: Positive
ETH

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Positive
cover-imageBenzinga
December 16, 2024

Bitcoin Hits New All-Time Above $107,000, Ethereum, XRP, Dogecoin Follow Higher As Traders Target $115,000 And More

Bitcoin hit a new all-time high of $107,822 according to Coingecko data on Monday, as bullish hopes are fueled by President-elect Donald Trump reportedly contemplating an executive order to establish a Strategic Bitcoin Reserve. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $106,240.24 +3% Ethereum (CRYPTO: ETH) $4,052.99 +4% Solana (CRYPTO: SOL) $217.53 -1.5% XRP (CRYPTO: XRP) $2.48 +2.8% Dogecoin (CRYPTO: DOGE) $0.4049 +0.8% Shiba Inu (CRYPTO: SHIB) $0.00002744 -0.7% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 2.9% and daily active addresses falling by 0.4%.

Positive
cover-imageBenzinga
December 16, 2024

Ethereum Price Soars Past $4,000: What Is Going On With ETH?

Ethereum (CRYPTO: ETH) has surged past the $4,000 milestone again, fueled by widespread market optimism and unprecedented inflows into ETH-focused ETFs. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend Ethereum (CRYPTO: ETH) $4,065.94 $489.6 billion +4.2% +6.5% Bitcoin (CRYPTO: BTC) $106,464.31 $2.1 trillion +3.1% +9.4% XRP (CRYPTO: XRP) $2.47 $141.8 billion +2.1% +3% Trader Notes: With prices trading around 5% higher on Monday, crypto trader DonAlt tweeted, $ETH 👀 pic.twitter.com/eanzXmw007 — DonAlt (@CryptoDonAlt) December 16, 2024 SmileyCapital shared with his followers that now is an opportune moment to buy ETH, suggesting $4,000 might be "the cheapest ETH you'll see for a very long time.

Positive
cover-imageThe Currency Analytics
December 16, 2024

Ethereum Price Surges After $17.5M Stake, Institutional Interest Builds

Ethereum's price recently surged to $4,000, and the timing of this movement suggests a potentially significant institutional presence in the market. Just six hours before the spike, two multi sign wallets, which share a common creator address, withdrew a total of 4,502 ETH worth $17.54 million from Binance and staked them.

Positive
cover-imageCrypto Economy
December 16, 2024

Mysterious Multisig Wallets Withdraw ETH, Triggering $4K Price Surge

TL;DR Ethereum's (ETH) price surged to $4,000 following significant activity from two newly created multi-signature wallets, which withdrew a combined total of 4,502 ETH from Binance. The timing and scale of these transactions suggest potential institutional involvement, boosting the value of the staked ETH by 3% and generating an unrealized profit of over $500,000.

Negative
cover-imageInvezz
December 16, 2024

Ethereum (ETH) at risk as Justin Sun moves to withdraw 52,905 ETH

Ethereum (ETH) faces potential market volatility after Tron (TRON) founder Justin Sun announced his intention to withdraw 52,905 ETH, valued at around $209 million, from Lido Finance (LDO). Sun's decision comes on the heels of a recent sell-off when Ethereum hit the $4,000 mark, raising questions about his intentions.

Neutral
cover-imageCointribune
December 16, 2024

Bitcoin, Binance, Ethereum, Solana And Ripple: The Biggest Crypto News Of The Past Week

Amid revolutionary announcements, technological advancements, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a realm of limitless innovations and a battleground for regulatory and economic conflicts. Here is a summary of the most significant news from the past week regarding Bitcoin, Ethereum, Binance, Solana, and Ripple.

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