Major cryptocurrencies XRP, Solana and Chainlink might be candidates for a potential price rebound if indications presented by current market sentiment turn out favorable.

Ethereum (ETH), the second-largest cryptocurrency by market cap, finds itself at a crucial point in the market. While the broader crypto community awaits a rally, Ethereum continues to face resistance at key price levels.

The Solana price has suffered along with the rest of the market today, falling by 2% in the past 24 hours as prices fall by 3% on average.

Ethereum faces short-term downtrend, but potential 2025 bull run remains likely.

Unichain's launch could significantly enhance Ethereum's scalability and DeFi accessibility, potentially reshaping the blockchain landscape. The post Uniswap debuts Ethereum L2 Unichain, UNI token surges 13% appeared first on Crypto Briefing.

Solana is once again in the headlines, this time for having a major surge in development activity, keeping it ahead of its competition with Arbitrum and Avalanche. Related Reading: $6 Million ETH Sale: Ethereum Foundation Joins Whale Liquidation Frenzy According to Santiment, the development activity regarding Solana has increased by 10.7% just within the last week, and the signal is clear that developers and projects alike are interested in this space.

A recent report from Standard Chartered Bank, analysts raised eyebrows regarding the valuation of Solana (SOL) in comparison to Ethereum (ETH). While Solana appears overvalued based on various metrics, the future performance of these cryptocurrencies could be heavily influenced by the outcome of the upcoming U.S. presidential election.

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.

Ethereum price today is hovering around $2,388 after decreasing by nearly 7% since the October 7 swing high. This downtrend aligns with Bitcoin's 2% drop in the last 24 hours.

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.

The broader crypto market remains stuck in a consolidation period. Solana (SOL) has also continued its sideways movement with no signs of any immediate upward trend.

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.

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.

Solana (SOL) has been showing signs of macro bullishness, which could potentially help the altcoin break out of its current ascending triangle pattern. A breakout would open the door for a significant price surge, with institutional investors playing a key role in driving this momentum.

Global payments giant Stripe has officially reinstated crypto payments after a six-year hiatus. Stripe now supports payments in USD Coin (USDC), a stablecoin pegged to the US dollar, on the Ethereum, Solana, and Polygon networks.

The ecosystem of memecoin on Solana is experiencing a moment of difficulty, offering a bull opportunity to the rest of the altcoins.

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.

On June 1, the Ethereum price was nearly $3,815. It climbed to a monthly peak of $3,865.77 on June 5. Between June 6 and 11, the price sharply plummeted from $3,865.39 and $3,497. In the period between June 12 and 22, the price mostly fluctuated inside the range of $3,470 and $3,654.

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.

Payment giant Stripe has now joined the likes of PayPal in its pursuit of crypto payments.

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.

The SUI Foundation announced support for native USD Coin (USDC) on the Sui Network (SUI) blockchain.

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.

Stripe has reintroduced cryptocurrency support after a six-year hiatus, now allowing businesses to accept USDC payments across multiple blockchain networks with automatic conversion to fiat currency for merchants.

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.

Solana could outpace Bitcoin and Ethereum in gains under Trump's presidency, according to Standard Chartered analysts.

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.

Stripe's reintroduction to crypto comes after a decision to end support for Bitcoin in 2018, where it cited market volatility concerns.

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.