Sonic Labs co-founder Andre Cronje has explained the reasons for Ethereum's (ETH) faltering price performance in recent months. The DeFi godfather points to rising competition from Solana and Tron and internal wrangling on Ethereum as reasons for the network's decline.
Historical patterns suggest a potential rally towards $3,260, with traders closely watching key support and resistance levels.
Ethereum has faced massive selling pressure and volatility over the past month as the entire crypto market trends downward, pushing ETH toward crucial demand levels. With uncertainty dominating the market, traders remain cautious as Ethereum struggles to reclaim lost ground.
Ethereum price rose 3.6% on Saturday, reclaiming the $2,220 mark at press time. With ETH price outpacing BTC's recovery, key trading signals suggest bull traders are capitalizing on ETH's oversold status from last week's volatile events.
BNB Chain has announced March 20 as the date for the Pascal Hardfork on its mainnet. In a post on X, the Binance-backed blockchain network said the much-anticipated upgrade is now ready to go after the successful implementation of the Hardfork on its testnet.
There has been a sharp market sentiment difference between retail and institutions on Solana.
In a major development for the crypto industry, the U.S. Office of the Comptroller of the Currency (OCC) has granted U.S. banks the authority to store crypto assets, engage in stablecoin operations and process payment transactions using distributed ledger technology (DLT).
Solana has faced intense selling pressure and price swings, with the asset losing over 57% of its value since January 13. Bulls have struggled to regain momentum, and market sentiment suggests that the crypto market is not in a healthy condition for a strong recovery.
Cryptocurrency prices resumed their downward trend after President Donald Trump hosted top executives for the White House industry summit.
Ethereum (ETH) experienced a rather adventurous trading week marked by significant price gains but even stronger losses. Notably, prominent market analyst Ali Martinez has highlighted a critical market condition that could result in a market surge.
Ethereum price has crashed this year, as its on-chain metrics waned and spot ETH exchange-traded funds (ETF) outflows rose. ETH has crashed in the last two consecutive weeks, and is hovering at its lowest level since December 2023. Let's explore why the value of Ethereum coin may continue falling in the near term.
Sellers continue their pressure after a few days of market bounce back, according to CoinStats.
With buyers re-entering the markets, Ethereum must reclaim the $2,350 resistance level to rally.
Ethereum's future scaling relies on hardware acceleration, not just software solutions, to overcome bottlenecks and remain competitive.
Solana price has crashed to a crucial support level and is at risk of further declines after forming a death cross pattern.
Solana (SOL) has shed over $40 billion in cryptocurrency in the last seven days. Amid this bearish pressure on SOL, traders are taking precautions to reduce liquidation risk on their bets.
The crypto market shows mixed signals today, with Ethereum dropping to the $2,100 mark while altcoins like Crypto-AI-Robo, CZ's Dog and Prosper have surged double digits in the last 24 hours.
Solana price could be poised for a parabolic rally amid a rise in staking activities by institutions. Recently, Galaxy Digital staked $40M worth of SOL tokens, which could ease the sell-side pressure that is currently weighing on Solana.
Solana's (SOL -3.22%) current price near $178 is down 21% over the last three months, making it significantly cheaper than before. This looks like a lucrative opportunity for investors who are willing to take a risk and buy the dip.
Four top asset managers including VanEck and 21Shares have filed for a spot Solana exchange-traded fund (ETF), whose approval could bode well for Solana tokens. Solana ecosystem tokens have been under bearish pressure due to the weak sentiment in the broader crypto market.
The crypto market today has undergone a pullback, with Bitcoin, Ethereum, and XRP facing strong opposition at crucial levels. The Fear & Greed Index presently sits at 25, cautioning a fearful sentiment among investors. Bitcoin's short-lived uptrend above the $90,000 incurred selling pressure, leading to a trend reversal. Macroeconomic concerns, including recent U.S.
The volatility of cryptocurrencies spares no one, and Solana (SOL) is no exception. After reaching a low of $125 on February 28, the native token of the Solana blockchain saw a rebound of 17%, hinting at a possible return towards $180.
Peter Schiff, a well-known critic of Bitcoin and advocate for gold, appears to be making sarcastic remarks about Bitcoin and the broader crypto market in his recent statements.
Cryptocurrency analyst and trader Ali Martinez is leaning bearish on a Solana (SOL) competitor. Martinez tells his 130,100 followers on the social media platform X that Sui (SUI) faces the risk of a “sharp correction” amid the formation of a bearish pattern.
The cryptocurrencies price has faced a downturn over the past week, with most crypto markets struggling to hold key support levels. The decline comes amid a broader financial market sell-off influenced by economic concerns.
Expectations of bigger plans for the largest cryptocurrencies fell short on Friday as the first-ever presidential crypto summit ended with promises of stablecoin legislation and lower regulatory resistance.
Ethereum (ETH) is poised for a significant price rally in the near future due to a confluence of macroeconomic factors and technical patterns. A sharp decline in the US Dollar Index (DXY) coupled with the expansion of the Global M2 Money Supply add credence to that the risk-on assets are likely to rally.
With SOL hovering near key support levels and technical indicators flashing mixed signals, traders are wondering will it bounce back or slide further?
Assessing if the diminishing CME ETH yield is behind the ETH ETFs outflows
Ethereum whales accumulated 1.10 million ETH, sparking speculation about a potential market shift or breakout.
BioNexus Gene Lab Corp. (BGLC), a technology-driven innovator in digital and healthcare sectors, has announced a strategic partnership with ML Tech, an AI-powered wealth management platform for digital assets. Regulated by the National Futures Association (NFA) and headquartered in Miami, ML Tech will help optimize BGLCs Ethereum-based treasury strategy.
Ethereum could be on its way to similar 2017 gains as whales continue to buy ETH during the current market dip.
Here's why Solana insiders are divided on the inflation proposal as voting D-day nears.
The layer-1 blockchain Sui (SUI) is defying the broader crypto market downturn after inking a new deal with a decentralized finance (DeFi) protocol linked to US President Donald Trump. The Solana (SOL) rival is witnessing price gains amid a new collaboration with World Liberty Financial (WLFI).
As speculation surrounding President Donald Trump's recent statement about creating a U.S. cryptocurrency strategic reserve has reached a fever pitch, White House AI and Crypto Czar David Sacks spoke out.
The highly anticipated $100,000 price target appears to be getting farther away as Bitcoin has been finding it difficult to sustain its bullish momentum. With a discernible drop in trading volume indicating that the market's activity is dropping, the asset is currently having difficulty recovering the $90,000 mark.
Ethereum price declined 8% in the last 24-hours, plunging below the $2,100 as as US Non-Farm Payroll (NFP) data introduces fresh volatility. The market reaction has kept ETH pinned below $2,142, struggling to establish a bullish recovery as sellers remain in control.
Solana price has been in a slump, but the factors keeping SOL down are endemic to the entire crypto market. Will a rising tide lift all boats?
The frequency at which Solana issues new tokens could change, and builders are at odds over how the shift could impact the ecosystem.
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White House Crypto and AI Czar David Sachs has shed light on why President Donald Trump included Ripple-promoted XRP, Solana (SOL), and Cardano (ADA) in his remarks about a U.S. crypto strategic reserve on March 2.
The Ethereum ecosystem had its All Core Developers Consensus (ACDC) call earlier on March 7, as the conversation around Pectra and Holesky took a new twist. Despite the testnet, including Sepolia, facing finalization issues, developers have unveiled a long-term plan to fix the testing protocol.
Ethereum (ETH) remains under pressure, struggling to break above $2,300. Its technical indicators still point to a downtrend.
The cryptocurrency market is trading lower on Friday in anticipation of the much-awaited White House crypto summit. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $87,839.15 -0.7% Ethereum (CRYPTO: ETH) $2,177.24 -0.9% Solana (CRYPTO: SOL) $146.27 +1.8% XRP (CRYPTO: XRP) $2.48 -4% Dogecoin (CRYPTO: DOGE) $0.2052 +2.7% Shiba Inu (CRYPTO: SHIB) $0.00001351 +1.8% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 19.5% and daily active addresses growing by 10.9%.
Plans for a strategic reserve including Bitcoin (CRYPTO: BTC) and possibly other cryptocurrencies have been one of the hottest topics in the cryptocurrency sector. Benzinga polled readers to ask which cryptocurrencies the White House administration should be most focused on for the strategic reserve.
Solana (SOL) co-founder Anatoly Yakovenko opposes the idea of the US establishing a crypto strategic reserve.
Solana (SOL) has been struggling below $150 since March 3, with its technical indicators still pointing to a bearish trend. The number of Solana whales has declined in recent days, suggesting some large holders may be reducing exposure.
As volatility grips the crypto market, Ethereum (ETH) holders are looking for new opportunities to secure their positions and maximize returns. While ETH remains a dominant force in the DeFi space, recent price swings have led many investors to explore alternative assets with strong growth potential.