Leading cryptocurrencies rallied Sunday overnight as investors remained optimistic following a healthy employment report. Cryptocurrency Gains +/- Price (Recorded at 8:45 p.m.
At the time of writing, metrics flashed mixed signals for ETH's potential local bottom and recovery.
Ethereum whales holding more than 10,000 ETH have fallen by over 7% since July.
Ethereum and Bitcoin, two of the world's largest blockchains, are facing significant challenges in scaling their networks. As more users and transactions move to layer two (L2) solutions, these systems could undermine the security and sustainability of the base layer (L1), with fees and rewards for miners and validators dwindling.
The Ethereum price surged 1.03% during the low-volatility Sunday trading session to currently trade at $2,438.The upswing market is a recovery from weekday selling pressure fueled by a war-like situation between Israel and Iran. Will the correction trend extend as ETH L1 fees record an all-time low, promoting a reverse from the prior deflationary trend?
Ethereum (ETH) price recently faced a 13% correction, bringing the altcoin down from local highs. However, the cryptocurrency is showing signs of recovery, having secured a crucial bear market support level.
The cryptocurrency market is currently facing heightened anxiety as whales and institutions have sent a staggering $260 million worth of Ethereum (ETH) to exchanges in just 24 hours. This influx has raised concerns among investors about a potential sell-off and market crash, especially in light of recent geopolitical tensions.
The crypto market recently suffered a significant downturn due to the escalating geopolitical tensions in the Middle East, with several large-cap assets shedding their recently-accrued gains over the past week. Specifically, the price of Ethereum crashed from above $2,600 to as low as $2,300 at some point during the week.
The non-fungible token market has undergone a 10.10% surge in sales volume in the last seven days. The present data acquired from Cryptoslam shows that NFT sales volume surged in the last seven days and stands at $85.97 million.
Ethereum (ETH) co-founder Vitalik Buterin has drawn much applause by donating a substantial amount of assets in legal aid of the Tornado Cash developers. Notably, this act comes after the prominent crypto figure stirred the market's attention with a massive sell-off from his memecoin holdings.
Ethereum (ETH), one of the most prominent cryptocurrencies in the market, has been navigating a challenging landscape in recent weeks. After a brief surge that saw its price cross the critical resistance level of $2,600, the digital asset quickly fell into a downturn, prompting analysts to reassess its near-term trajectory.
Ethereum, the second-largest cryptocurrency by market capitalization, experienced a significant price decline in recent days. However, while many regular investors have grown cautious, a group of large investors known as the “7 Siblings” saw this as a buying opportunity, acquiring 28,120 ETH worth $66 million amid the dip.
Inflationary ETH and its performance against Bitcoin challenge the idea that Ethereum is money.
Ethereum (ETH) whales' recent actions have gathered massive attention from crypto enthusiasts as they dumped a quarter billion worth of ETH in the past 24 hours.
The United States Office of Foreign Assets Control sanctioned the Tornado Cash mixer in 2022 — accusing it of facilitating money laundering.
According to data from CoinMarketCap, the price of Ethereum slipped by 10.23% over the last seven days in line with the general market negative movement. This crypto market downturn has been attributed to multiple factors including heightened geopolitical tensions in the Middle East and rising liquidations of long positions.
The following is a guest post by Rob Viglione, CEO of Horizen Labs. In the past year, there have been some major milestones along the Ethereum roadmap that have leveled up the network.
On Friday, crypto asset manager Bitwise, filed with the US Securities and Exchange Commission (SEC) to convert three existing futures-based exchange-traded funds (ETFs) into a new series of funds utilizing “Trendwise strategies” approach.
Asset manager Bitwise has filed a proposal with the U.S. Securities and Exchange Commission (SEC) to merge three bitcoin and ethereum futures exchange-traded funds (ETFs) into a single fund. This new fund will utilize a momentum-based strategy, targeting both bitcoin and ether futures.
Amid increased price volatility in the cryptocurrency market, top tokens continue recording a mixed price sentiment. Moreover, limelight tokens such as Bitcoin, Ethereum, and XRP are currently hovering close to critical ranges.
ETH is facing selling pressure, lower fees, and underperformance after the Dencun upgrade.
Hashkey Capital, one of Asia's largest venture capital firms specializing in Web3 and cryptocurrency, has released its sector analysis for the first half of 2024. The report covers significant technological advancements across multiple blockchain sectors, with a strong focus on Ethereum, account abstraction, and developments in decentralized finance (defi).
Ethereum trades at $2.4K, moderately spiked over the past 24 hours. ETH price influences the altcoin market sentiment and activity.
Recent data indicates that Ethereum staking yields are poised to surpass U.S. interest rates, underscoring the increasing relevance of cryptocurrencies in today's financial landscape. As the market expands, the evolution of crypto wallets becomes crucial.
Although Ethereum has increased by 5.70% in the past three days, the short-term outlook remains uncertain. A close look at on-chain metrics reveals sell signals that hint at an incoming Ethereum price crash that could fool investors.
On Friday, the 12 U.S. s pot bitcoin exchange-traded funds (ETFs) experienced positive inflows, totaling $25.59 million. Concurrently, the nine spot ether ETFs garnered a combined $7.39 million in inflows during the day's trading session. Bitcoin ETFs Rebound With $25.59M Inflows, Ether Funds Add $7.
Ethereum (ETH) has seen a 10.3% drop from last week's highs following the recent market downturn. Its performance has worried many analysts and investors, considering ETH could be near another correction.
Bitcoin's price hovers around $60,900, the cryptocurrency market is enveloped in a cloud of uncertainty. With volatility impacting many digital assets, analysts are closely examining the price trajectories of both Bitcoin and Ethereum.
The future of Ethereum lies in its ability to scale, integrate real-world assets, and foster a thriving community across its ecosystem.
Cosmos developer Interchain Foundation sold 4,000 ETH (worth $9.5 million) just 27 hours ago!
Ethereum co-founder Vitalik Buterin has endorsed a significant update to the SuperchainERC20 protocol, as detailed in a recent GitHub pull request by Optimism. This redesign introduces a new cross-chain interface, fostering greater cooperation among Ethereum infrastructure entities and solidifying a more unified ecosystem.
According to the latest Binance Research report, the Ethereum (ETH) issuance rate continued to rise in September 2024, raising concerns about the digital asset's “ultrasound money” claim. Ethereum Issuance Rate Continues To Surge In its October 2024 Monthly Market Insights report, Binance Research highlighted that the ETH issuance rate continued its ascent in September, moving away from its previously deflationary status.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been under significant selling pressure lately. Over the past week, Ethereum's price has dropped nearly 10%, raising concerns about its future trajectory.
Ethereum's recent attempt to break above the multi-month descending channel's middle threshold of $2.6K has turned out to be a false breakout, leading to a notable rejection and sharp decline. This pattern suggests a potential mid-term continuation of the downtrend toward the $2.1K support level.
It appears that the recent price crash is just the beginning, as whales and institutions have sent a significant amount of Ethereum (ETH) to exchanges.
Ethereum, the second-largest cryptocurrency by market cap, has seen significant downward pressure recently, reflecting the overall sentiment in the crypto market. With Bitcoin and other major altcoins also suffering, Ethereum's price has dipped below $2,400, and traders are now looking to a key support level around $2,350 for clues on where the coin might head next.
Contrary to the anticipated “Uptober” rally, the cryptocurrency market has experienced a significant downturn, largely driven by geopolitical tensions in the Middle East. Major assets have seen their values decline, with some retesting multi-week lows.
The cryptocurrency market is currently navigating a turbulent landscape, marked by significant declines and unexpected price movements. Ethereum (ETH), Bitcoin (BTC), and XRP are at the forefront of this ongoing saga, each facing unique challenges and market dynamics that have left traders and investors on edge.
A recent whale dump has fueled fear, but a deeper pullback may signal a potential market bottom.
Asset manager Bitwise will combine three Bitcoin and Ethereum futures ETFs into a single offering with a momentum-based strategy.
An early Ethereum ICO buyer moved several tranches of coins in the past few days. The market absorbed the selling, but ETH sentiment suffers when older holders show signs of divesting or abandoning the project with profit-taking.
Ethereum (ETH) price is facing a critical moment as it hovers near strong resistance and support levels. Recent market metrics, including the Net Unrealized Profit/Loss (NUPL) and whale activity, suggest a cautious sentiment among investors.
Although Ethereum's rise to major highs might be near, the asset still needs to accomplish some declines.
Cryptocurrency markets are trading higher on positive labor market data. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $62,356.18 +2.7% Ethereum (CRYPTO: ETH) $2,432.81 +3.8% Solana (CRYPTO: SOL) $143.92 +5.7% Dogecoin (CRYPTO: DOGE) $0.1094 +5% Shiba Inu (CRYPTO: SHIB) $0.00001751 +10.2% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 10.9%.
Bitwise plans to shift three of its Bitcoin and Ethereum futures ETFs from their current long-only strategies to ones that alternate between crypto and US Treasuries, according to an Oct. 4 statement.
Ethereum bulls might be prepping for another take-over after the recent bearish assault that pushed price down to an tested demand zone.
Ethereum (ETH) has been through a rollercoaster ride lately, experiencing a sharp decline that saw its price plummet nearly 9%. This downturn raised questions among investors and traders about the future of this leading cryptocurrency.