After a continuous price drop of over 12% in recent days, Tron (TRX) is now poised for an upside rally, as its price action and on-chain metrics hint at bullishness. Following its breakout of a strong resistance level of $0.145 has soared more than 16% and never retested.

The cryptocurrency market has been under intense bearish pressure in recent weeks, with several large-cap assets including Bitcoin (BTC) and Ethereum (ETH) struggling to put in a positive shift. The past week was particularly drab for the two largest cryptocurrencies, as they posted double-digit losses in the last seven-day period.

Ethereum (ETH) experienced a slight downturn on Wednesday, in tandem with a broader cryptocurrency market decline led by Bitcoin (BTC), which fell 7.59% over the past 24 hours to trade at $54,354 at the time of writing.

Monochrome launched a new Spot Ethereum ETF in Australia, while VanEck shut down its Futures-based ETH ETF.

American investment company WisdomTree has requested to withdraw its Ethereum Trust registration statement three years after submission to the US Securities and Exchange Commission (SEC). This development comes a few hours after fellow asset manager VanEck closed down its Ethereum futures ETF citing a lack of demand.

Coinbase added the new native asset of an Ethereum (ETH) layer-2 scaling protocol to its listing roadmap on Friday, putting the token on the potential path to trading on the top US crypto exchange. Zksync (ZK), the newest addition to the listing roadmap, bills itself as “an ever-expanding verifiable blockchain network, secured by math.

The total assets held by Bitcoin funds has fallen to a multi-month low, while Ethereum ETFs log their lowest asset levels yet seen.

TRON (TRX) price has recently experienced a price rebound, indicating a potential shift in market dynamics. For several weeks, TRON's trading pattern has remained largely sideways as both bulls and bears vied for control.

ETH's price action has underwhelmed lately. What are institutions upto now?

The price of Ethereum (ETH) has broken through the current support level of $2,300, continuing its range-bound movement.

Alongside many other altcoins, ETH's price continues to struggle, and its future now hinges on some critical support levels. If these key levels fail to hold, ETH could face a prolonged bearish period.

Network activity on the Bitcoin (BTC) blockchain seems to have stalled while it is dwindling on Ethereum (ETH), a report by Citi says. Network Activity Lukewarm On Bitcoin And Ethereum One of the key metrics used to ascertain user interest in a blockchain project is the measurement of its network activity.

Ethereum has been notably bearish, marked by a sharp decline following a pullback to the lower boundary of a broken wedge, coupled with the formation of a death cross. Despite this, the price is nearing a crucial support level that could lead to a short-term sideways consolidation.

Bitcoin ETFs have recorded their smallest outflow in a six-day streak, while Ethereum ETFs continue to experience significant withdrawals. The latest data from Farside Investors reveals critical insights into the current trends affecting these digital asset funds.

ETH was slightly up YTD and 46% for the trailing 12-months Thursday. But it has some big prospects ahead when alt season kicks in on this Bitcoin super cycle.

Ethereum (ETH) is facing significant selling pressure from whales and institutions, signaling a potential major price drop. On September 7, 2024, the overall cryptocurrency market experienced a notable price decline including Bitcoin (BTC) and Ethereum (ETH) resulting in continuous sell-offs by whales and institutions.

Despite recent updates and developments, time hasn't been kind to ETH's performance.

Investment management firm VanEck announced plans to close its Ethereum futures ETF after a thorough evaluation. The Board of Trustees at VanEck ETF Trust made the decision on Thursday.

While Ethereum developers are working hard to develop on-chain scaling solutions, including Sharding, layer-2s is picking up steam. According to L2Beat, as of September 6, all these layer-2 scaling solutions managed nearly $34 billion.

Ethereum's weekly chart against Bitcoin showed that the downtrend has been in play since early 2023.

Australian asset manager Monochrome Asset Management is optimistic about the prospects of its new spot, the Ether exchange-traded fund (ETF), and the first in the country to hold Ether directly.

Ethereum (ETH) is currently facing significant selling pressure and fear after a 23% decline, bringing its price down to yearly lows at $2,200. One major concern for investors is the ongoing underperformance of ETH compared to Bitcoin, a trend that has persisted since September 2022.

Ethereum price today trades at $2,286 after crashing 6% in the past 24 hours. Investors must be cautious as ETH whales that sold during the 2021 bull run and around the all-time high (ATH) are selling again.

Between Sept. 1 and Sept. 7, 2024, the crypto market took a notable hit, shedding $170 billion in value. Bitcoin and ethereum were the main drivers of this downturn, responsible for 78.82% of the week's losses. These two heavyweights saw their combined market caps shrink the most, dragging the entire market down with them.

Ethereum co-founder Vitalik Buterin is optimistic about the protocol's future, with defined upgrades he believes will come on the network in the coming decade. Speaking on the Bankless podcast, the blockchain innovator gave a projection that he believes might see everyone participating in running the Ethereum network.

It was a somber seven days as the crypto market continued to tumble.

The Ethereum Foundation treasury currently holds $650 million in the main wallet. Ethereum has plunged by 5%, trading at $2,260.

WisdomTree's withdrawal highlights regulatory hurdles in crypto ETF approvals. The move may reshape investor expectations for Ethereum-based investment products.

Ethereum has witnessed a drop towards the $2,350 level as on-chain data reveals the whales have been making large exchange inflows recently. Ethereum Exchange Netflows Have Been Positive Recently According to data from the market intelligence platform IntoTheBlock, the ETH Exchange Netflow has been positive recently.

In the first week of September, a noticeable decline in trading activity has taken hold, with many market participants opting to stay on the sidelines. This is reflected in a 5% drop in global cryptocurrency market capitalization over the past week.

Wisdom Tree has canceled its submission request for the Ethereum Trust S-1 registration, filing a withdrawal request on September 6.

Amid strong criticism for the Ethereum blockchain and its underperformance this year, VanEck head of digital assets – Matthew Sigel – has come out defending the network while citing its strong economic model. The ETH price has also been subject to criticism failing to show enough traction even after the launch of the spot Ether

A well known asset management firm, VanEck is closing its Ethereum Futures ETF (EFUT). This marks a significant pivot in the firm's strategy amid evolving market conditions. The firm has been operating this ETF for less than a year. This ETF has been operational for less than a year.

On Friday, asset management firm and exchange-traded fund (ETF) issuer VanEck announced its decision to liquidate its Ethereum Futures ETF (EFUT). According to the official release, shareholders will have the opportunity to sell their shares on the fund's listing exchange until market close on September 16, 2024.

Bitcoin-based DeFi applications are gaining momentum, raising the possibility that they could surpass Ethereum's dominance in terms of total value locked (TVL) within the next two years. This emerging trend reflects Bitcoin's growing role in DeFi, challenging Ethereum's long-standing supremacy.

WisdomTree has requested to withdraw the WisdomTree Ethereum Trust S-1 filing with the SEC, initially submitted in May 2021.

Vitalik Buterin reveals he hasn't invested in L2 tokens, aiming to fund charitable projects rather than profit from the Ethereum ecosystem.

Recent developments show that Ethereum has entered oversold territory. This is undoubtedly a bullish development for the second-largest crypto by market cap, as it looks set for a price rally that could send it as high as $6,000.

The Ethereum Foundation is selling again, but what does the market think about this?

WisdomTree has requested to withdraw its Ethereum Trust registration filing with the SEC while asking to apply the fees as a credit for "future use."

Ethereum developers convened for ACDC call #141 to discuss updates to the Pectra upgrade and issues related to proof computation for home stakers.

VanEck is making a change to its list of ether ETF offerings.

The recent crypto market crash has fueled fresh concerns among investors, especially after the recent US Job data cemented bets over a potential 0.5% rate cut by the US Fed. The US stock market has also noted gloomy trading today, while the crypto sector also moves in tandem with it.

On Sept. 6, Vaneck announced its decision to close and liquidate the Vaneck Ethereum Strategy exchange-traded fund (EFUT). The liquidation comes after evaluating key factors, including performance and investor interest. The firm noted that shareholders will have until September 16, 2024, to sell their shares before delisting.

Bitcoin, Ethereum, and nearly every other major coin and token has taken a battering over the past 24 hours as investors fast sell risk assets.

Vitalik Buterin takes a major stance on how he will support Layer 2 projects going forward.

The bitcoin price has dropped below a key resistance level as the crypto market crashes under $2 trillion

What do the latest Ethereum Foundation's on-chain actions reveal about the largest PoS coin's future prospects?