Ethereum's recent failure to reclaim the multi-month descending channel's middle threshold of $2.6K has resulted in a significant rejection, signaling a possible continuation of the downtrend toward the mid-term $2.1K support level. Technical Analysis By Shayan The Daily Chart Ethereum's price movement on the daily chart reflects a bull trap.

On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) faced another tough day, with the 12 funds seeing outflows totaling $30.59 million. In contrast, their spot ethereum ETF counterparts had an uneventful day, with all nine funds neither gaining nor losing value. Wednesday's Spot Crypto ETF Action On Oct. 9, the 12 U.S.

Anthony Pompliano, angel investor and founder of the Pomp Investments fund, has released a podcast this week, in which his wife, Polina M. Pompliano, asked him questions on various topics, including Bitcoin, which Pomp is a big proponent of.

World Liberty Financial (WLF), a decentralized finance (DeFi) project associated with the Trump family, has officially proposed to launch on Aave V3 on Ethereum's mainnet.

Uniswap will launch an Ethereum layer-2 network called Unichain in an effort to cut fees, boost liquidity, and more.

Stripe has announced the reactivation of crypto payments for U.S. businesses, allowing businesses to accept USDC through Ethereum, Solana, and Polygon.

Uniswap Labs is building a custom Layer 2 called Unichain using the Optimism Superchain, which will feature sub-second block times.

"Security was the number one most important factor," said Phuc Thai, Head Researcher at Ronin developer Sky Mavis.

The demand for Ethereum has been somewhat lacking, to say the least.

With the rising uncertainty in the cryptocurrency market, Bitcoin price has plunged below the $61k mark. Following this, the altcoin leader, Ethereum price continues its struggle to reclaim the $2.5k level, highlighting a rising bearish action in the crypto space.

Donald Trump's decentralized finance (DeFi) venture, World Liberty Financial, aims to launch on Aave's Ethereum mainnet. This collaboration seeks to establish a platform that sets new standards and advances the entire DeFi sector.

Bitcoin (BTC) slipped below $61,000 earlier today and is down almost 3% over the past 24 hours as it struggles to maintain its position above $60,000. According to analytics firm Santiment, the crypto market has turned bearish, which has impacted several assets, including BTC, Ethereum (ETH), Solana (SOL), and Ripple (XRP).

The Ethereum market has faced immense selling pressure in the recent past emanating from whale selling led by the US spot Ether ETF issuers.

It's the first time in six years that Stripe's U.S. business customers can accept crypto payments since it ended support for bitcoin in 2018.

A hotter-than-expected U.S. inflation report would weaken the case for Fed rate cuts.

Cardano price trends in a crucial zone as the crypto markets struggle to rise against Bitcoin's sell-off. In the meantime, ETH seized in the PlusToken scam has been transferred to centralized exchanges and is likely to be sold.

Trump-backed World Liberty Financial proposes launching on Aave's Ethereum platform, offering crypto borrowing and lending services

Following the Bitcoin (BTC) dip to $61k, which influenced a similar move on most altcoins, Ethereum (ETH) price dropped around 2 percent in the past 24 hours to trade about $2,394 on Thursday, October 10, during the mid-London session.

Chinese government's sale of 7,000 ETH from seized PlusToken assets sparks market concern over potential liquidation of remaining 542,000 ETH worth $1.3 billion.

The potential sale of the remaining ETH from PlusToken could pose a supply overhang for Ethereum, affecting its already volatile movement in the near future.

Upbit is the largest crypto exchange in the Asian financial superpower of South Korea. The crypto exchange supports 214 coins and 372 trading pairs. It has nearly 5.72M monthly visits and a 24-hour trading volume of $1,184,877,458. In the last 24 hours, the exchange has experienced a 5.6% drop in its trading volume.

A crypto researcher has revealed that the Chinese government transferred 15,700 ETH linked to the multi-billion PlusToken Ponzi scheme from its wallets and 7,000 ETH to crypto exchanges, raising concerns over imminent liquidations.

There is a fear that Ethereum (ETH), which is tied to the notorious PlusToken Ponzi scheme, will eventually be transferred to crypto exchanges. In fact, a small portion is already sent to crypto exchanges, possibly to cash out.

The Chinese government may be about to unload a large batch of seized Ethereum, according to on-chain sleuths.

The Chinese government has reportedly moved a total of 7,000 Ethereum coins worth $16.7 million seized from the multi-billion dollar Ponzi scheme PlusToken. This has already put some pressure on the Ethereum price sending it under $2,400 levels with another 2% in the past few hours.

The move comes two months after wallets linked to the crypto scheme were seen moving large amounts of ether after being dormant since 2021.

Ethereum price extended losses and tested the $2,350 support. ETH is now consolidating and might aim for a fresh increase above the $2,400 resistance.

A participant in Ethereum's 2014 initial coin offering (ICO) has reportedly unloaded more than $113 million worth of ETH in the past couple of weeks. The crypto tracker Lookonchain notes the whale dumped 5,000 ETH worth $12.22 million to a Kraken deposit address on Monday, continuing a selling spree that started last month.

Holonym Foundation partnered with Renzo Protocol, an Ethereum Liquid Restaking Protocol, to strengthen the Mishti network's security and the company's Digital Identity Solution: Human Keys.

Binance is set to delist critical BTC, ETH, and BNB trading pairs on October 11, igniting price crash speculations across the crypto market. Investors brace for potential volatility as the deadline approaches.

If World Liberty Financial's Aave integration is successful, the team plans to expand onto the Scroll Ethereum Layer 2.

Trump's World Liberty Financial plans to operate as an Aave instance, and AaveDAO stands to gain substantial fees from the deal.

One observer noted 7,000 PlusToken-related ETH transferred to crypto exchanges on Wednesday, raising concerns about potential selling pressure.

Analysts at British multinational bank, Standard Chartered have predicted that the price of Ethereum (ETH) could potentially climb to $10,000 in response to the anticipated political changes set to take place following the upcoming United States (US) Presidential elections. Standard Chartered Predicts Ethereum To $10,000 In a research note by the head of Standard Chartered crypto research, Geoffrey Kendrick, Ethereum could experience a dramatic rise to $10,000 if Donald Trump, the former US President wins the upcoming election.

Few stories have captured attention quite like the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC). This high-stakes lawsuit has kept investors and crypto enthusiasts on the edge of their seats.

Ethereum investors are getting tired of the cryptocurrency's downbeat price action as “uptober” fails to deliver any gains, with some shifting to a new ICO called Meme Bets (MEMEBET).

TRX's Long/Short Ratio currently stands at 2.22, the highest since late September 2024.

Several factors have spurred Ethereum's declining dominance and its underperformance against Bitcoin.

Littio, a Colombian neobank, has announced that its Yield Pots platform will no longer operate on Ethereum (ETH) but Avalanche (AVAX) This move is to meet increasing appetite for U.S. Treasury bills and to enhance efficiency in its transactions with its customers. This could mean an upsurge in the AVAX price as more users and

Cryptocurrency markets are trading sideways despite key Bitcoin metrics rising. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $61,248 -1.2% Ethereum (CRYPTO: ETH) $2,412 -0.9% Solana (CRYPTO: SOL) $140.6 -1.5% Dogecoin (CRYPTO: DOGE) $0.1087 +1.98% Shiba Inu (CRYPTO: SHIB) $0.00001697 -0.9% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 5.6% and daily active addresses growing by 16.5%.

The crypto week ahead may see a market recovery, with signs of a rebound in memecoin valuations and overall market cap.

Binance, one of the world's leading cryptocurrency exchanges, has released its 23rd Proof of Reserves report for October 2024, shedding light on significant changes in its major cryptocurrency holdings. As the crypto market experiences fluctuations, this latest snapshot reveals a notable decline in Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) reserves.

The Ethereum price showed a modest drop of 0.3% during the U.S. Trading session on Wednesday, currently trading at $2432. This neutral candle formation projects indecisive market sentiment with no clear dominance of buyers or sellers.

Bitcoin's failure to hold $62,000 may trigger another selloff and pull altcoin prices lower.

Google recently announced a major integration that could transform the way users interact with crypto. Now, users can search for any .eth domain name and check the associated balances directly in Google Search.

Ethereum (ETH) is trading at $2,429, with a 24-hour increase of 0.09% and a weekly rise of 0.49%. ETH's market cap has dropped below $300 billion, currently sitting at approximately $293 billion.

Ethereum has always moved in sync with Bitcoin. It's like they're tied together. Since March 2024, the second-largest crypto has been stuck in a downward channel. It tried breaking out a couple of times, but it couldn't keep up. Rejection from resistance levels knocked it each time.