7,728 ETH ($20M) added to circulation in past week. Network activity drops 3%, with 43% decrease in fees.
Hopes of a rally toward $3,000 were raised by Ethereum's recent 15% price increase but it looks like the upward momentum has encountered a major obstacle. For ETH the 100 EMA has shown to be a strong resistance level and the assets recovery appears to have stalled at this point.
The Ethereum price has just broken out of a key symmetrical triangle pattern, signaling a potential surge to new levels above $3,000. The recent breakout is seen as a bullish indicator for the top altcoin by analysts who have closely watched the Ethereum price action for the past few months.
A closely followed crypto strategist and trader thinks Ethereum (ETH) is gearing up to ignite big breakout rallies. Pseudonymous analyst Inmortal shares a chart with his 217,500 followers on the social media platform X suggesting that Ethereum will see one final dip before sparking a 75% surge to his target of $4,100.
ETH is expected to decline further in the short term, according to current market indicators.
Ethereum (ETH) has recently garnered attention for a notable trend among its investors. As of mid-October 2024, data reveals that long-term accumulation addresses now hold over 19 million ETH, a significant increase that highlights growing investor confidence in Ethereum's future.
It appears that the popular Solana-based meme coin Popcat (POCAT) is outperforming major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). On October 23, 2024, when major cryptocurrencies struggled to gain momentum, POPCAT topped the crypto market with an impressive price surge of over 12%.
A widely followed crypto analyst is issuing a warning that Ethereum (ETH) may collapse in value in sync with Fed rate cuts.
Cryptocurrency markets are trading sideways on Tuesday: Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $67,436.75 -0.03% Ethereum (CRYPTO: ETH) $2,626.50 -1.7% Solana (CRYPTO: SOL) $168.23 +1.3% Dogecoin (CRYPTO: DOGE) $0.1395 -2.3% Shiba Inu (CRYPTO: SHIB) $0.00001823 -1.3% Notable Statistics: IntoTheBlock data shows large transaction volume increased by 78.9% and daily active addresses dropped by 4.6%. Transactions greater than $100,000 are up from 5,769 to 8,957 in a single day.
Solana-based Raydium clocked $3.4 million in fee revenue on Oct. 21 versus $3.35 million for Ethereum, according to DeFiLlama.
Ethereum co-founder Vitalik Buterin has outlined several solutions to combat increasing centralization risks in the Ethereum network's proof-of-stake mechanism, particularly focusing on block production and staking economics.
Today, on October 22nd, 2024, the crypto market saw a small drop, amid geopolitical tensions and electoral uncertainties in the United States. Meanwhile, the total value of all cryptocurrencies fell by 2.2%, down to $2.34 trillion.
Indian regulators are considering banning private cryptocurrencies like Bitcoin and prefer the potential of central bank digital currencies (CBDCs) to offer safer and more inclusive financial systems, according to local media reports. The government has consulted key institutions on the issue, and many favor prohibiting private cryptos.
Ethereum (ETH) trades above $2,600 after a 5% retrace from local highs around $2,750. Over the past two weeks, ETH has maintained a bullish trajectory, sparking optimism across the market as investors look for further signs of strength in the price action.
Bitcoin is finding support in the $66,500 to $65,000 zone and Bitcoin ETF inflows suggest traders are buying the dips. Will altcoins follow?
Ethereum (ETH) rose to a high of $2,758 before being pushed back. This is the fifth time Ether has tested the $2,800 resistance level.
For the past few weeks, Ethereum seems to be in full swing, capturing the attention of investors and analysts. A combination of technical and fundamental factors appears to be laying the groundwork for a spectacular rise.
Ethereum (ETH) and Solana (SOL). With both cryptocurrencies gaining momentum, investors are eager to know which one might be the better choice for the upcoming Alt Season.
On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) marked another day of gains, pulling in $294.29 million in positive inflows. In contrast, ether ETFs saw a different story, losing $20.8 million across nine funds during the trading day. As Bitcoin ETFs Surge Again, Ether Funds See $20.8M in Outflows According to sosovalue.
What are Buterin's plans regarding Ethereum's infrastructure?
TL;DR Bitcoin has outperformed Ethereum this week, driven by a 14% increase following the Fed's rate cut. Institutional interest in BTC remains higher, with futures at record highs, while ETH faces slower adoption. Demand for ETH has declined, surpassed by altcoins and Layer 2 solutions that have shown better performance.
With growing interest in central bank digital currencies globally, India may move to ban private cryptocurrencies, positioning its digital rupee as the future of its financial ecosystem.
Amid increased price volatility, Bitcoin price has experienced a strong pullback over the past 24 hours. Following this, the Ethereum price has experienced a similar price action by facing rejection around its important resistance level of $2,800.
Ethereum's active addresses have surged past 5 million across its mainnet and Layer 2 networks, highlighting the growing dominance of the platform.
XRP price has been on the investors' radar, especially amid a flurry of developments surrounding Ripple. Amid this, a renowned figure in the crypto market predicts the crypto will rally to $16, potentially surpassing Ethereum in its run.
Ethereum's recent rejection at the key resistance region of the 100-day MA level suggests a false breakout and a potential short-term correction. However, a break above this threshold could trigger a bullish surge toward $3K.
The cryptocurrency market is buzzing with activity as Shiba Inu (SHIB) recently posted an impressive 20% increase, discussions about a potential bull run. Meanwhile, Ethereum (ETH) is displaying some troubling patterns, and Solana (SOL) is hitting a critical resistance level at $160.
Over the past week, 7,728 Ethereum (ETH) tokens worth above $20 million at current market prices have been added to circulation. This has pushed the altcoin's circulating supply to a six-month high of 120.39 million ETH.
Bitcoin (BTC) and other cryptocurrencies suffered a setback, registering a substantial drop late on October 21 and early on October 22. BTC dropped over 2% over the past 24 hours, while Ethereum (ETH) dropped further and is currently down by 3.54% over the past 24 hours, losing the $2,700 price level.
Uniswap has surpassed 2 trillion dollars in volume processed on the Ethereum blockchain.
The US spot Ethereum ETF issuers reported a total net cash outflow of about $20.8 million on Monday, amid a notable whale sell-off on CEXs.
The current price of Ethereum (ETH) today is as of . Ether prices hit a daily high of today after sliding % on.
The hardware wallet Ledger has just introduced native cross-chain swaps thanks to the latest integration of the THORChain network.
On-chain CryptoQuant analyst Burakkesmeci, states that the total amount of Ethereum (ETH) in accumulation addresses has jumped to over 19 million as of October 18, 2024. This represents a significant rise of 65% in the amount of Ethereum held in these wallets since the beginning of the year, reflecting growing investor interest in the asset.
Ethereum (ETH) has emerged as a standout player, with its number of accumulation addresses soaring from 11.5 million in January 2024 to a remarkable 19 million as of now. This surge indicates a growing faith among investors in Ethereum's long-term potential, marking a significant shift in sentiment as the market continues to mature.
Ethereum community discusses reducing staking threshold from 32 ETH to 1 ETH, potentially democratizing network participation and enhancing decentralization, according to Bitfinex.
Ethereum (ETH) eyes a major breakout with bullish technical setups signaling a potential rally to $3,500 by December and $7,000 in 2025.
The upcoming Ethereum Pectra upgrade, expected in early 2025, aims to enhance user experience and data availability while addressing protocol shortcomings.
Solana is emerging as one of the most active networks, looking at engagement levels over the past few months. Despite concerns around FTX and whether asset distribution will lead to a dump, bulls are optimistic about what lies ahead.
According to an analysis from on-chain analytics firm CryptoQuant, the total Ethereum (ETH) amount in accumulation wallets has surged to over 19 million. Ethereum Accumulation Continues To Surge The analysis shared by verified CryptoQuant analyst, Burak Kesmeci, indicates that more than 19 million ETH is now held by the so-called “accumulation addresses.
Ethereum price struggled to continue higher above the $2,750 resistance. ETH started a downside correction and traded below the $2,680 support.
Vitalik Buterin, co-founder of Ethereum, recently shed light on the challenges posed by the Proof-of-Stake (PoS) mechanism within the Ethereum network. His insights focus on potential centralization risks and propose solutions to ensure the network's long-term security and efficiency.
Linea introduces a five-week contest inviting users and builders to showcase their onchain creativity, offering a weekly prize pool of 2.5 ETH.
Leading cryptocurrencies made a sharp U-turn Monday, mirroring the pullback in stocks, as the ‘Uptober' rally takes a halt.
Bitcoin (BTC) continues to demonstrate strength, maintaining a trading price above $68,000, despite the common pattern of reduced trading volumes over the weekend. Meanwhile, analysts are turning their attention to potential upward movements for Arbitrum (ARB) and Ethereum (ETH) in the weeks ahead.
For the first time since September 27, Ethereum has surged past the $2,700 mark and is showing strong signs of maintaining its upward momentum. About ten days ago, ETH dropped below $2,400, sparking speculation that the cryptocurrency might struggle to break out again.
Base, the Ethereum L2 network developed by Coinbase, has experienced major growth in Q3 and through 2024. Over the last day, Base's transactions per second (TPS) increased by 51%, as per L2Beat data.