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news-imageOctober 14, 2024

Ethereum Price Gains Bullish Momentum: Is a Breakout Near?

Ethereum price started a steady increase above the $2,450 resistance. ETH is holding gains and might gain bullish momentum above $2,520.
Publisher: NewsBTC
Sentiment: Positive
ETH

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Positive
cover-imageCrypto Economy
November 7, 2024

Binance's Proof of Reserves Highlights $120B Asset Pool and Growing Bitcoin, Ethereum Holdings

TL;DR Binance has published its latest Proof of Reserves (PoR), showing over $120 billion in assets across 34 cryptocurrencies. Bitcoin and Ethereum holdings grew by 2.09% and 6.20%, respectively. The platform continues to improve its PoR with advanced technologies such as zk-SNARKs and provides a complete representation of assets, liabilities, and collateral.

Positive
cover-imageCryptoSlate
November 7, 2024

Staking could lower fees and boost interest in Ethereum ETFs, analyst claims

Staking could significantly boost the flow of investments into US-traded Ethereum exchange-traded funds (ETFs), according to Tom Wan, a former crypto analyst with 21.co. On Nov. 7, Wan pointed out that staking could help the funds reduce management fees, increase the overall amount of Ethereum staked, and provide more substantial incentives for investors.

Positive
cover-imageCryptonews
November 7, 2024

Dormant Ethereum Whale Reactivated After Eight Years, Makes $30 Million from Trading

An Ethereum whale with a dormant account since 2016 recently reactivated to sell 11,005 ETH, earning a $30 million profit as Ethereum prices surge. The transaction highlights Ethereum's long-term investment appeal amid rising crypto market optimism. Analysts weigh in on Ethereum's potential for continued growth. The post Dormant Ethereum Whale Reactivated After Eight Years, Makes $30 Million from Trading appeared first on Cryptonews.

Positive
cover-imageCrypto Economy
November 7, 2024

Ethereum Rises 8%—VanEck Suggests Renewed Interest Could Fuel Growth

TL;DR Ethereum has seen a 7.39% increase in the last 24 hours, reaching a price of $2,811.13. Experts, such as VanEck's Matthew Sigel, believe that Ethereum could be “oversold” and that a significant rally is ahead. Technical analysis suggests that Ethereum needs to break above the $2,876 resistance to reach $3,000 and potentially $3,300.

Positive
cover-imageCryptoSlate
November 7, 2024

Ethereum Foundation launches Mekong Testnet ahead of Pectra upgrade

The Ethereum Foundation has introduced the Mekong Testnet, a short-term testing environment designed to allow developers to explore new features from the upcoming Pectra upgrade before its mainnet release. In a blog post on Nov. 7, the Foundation said the Mekong Testnet incorporates all Ethereum Improvement Proposals (EIPs) intended for Pectra.

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