Tag: ETH

Ethereum price ‘double top’ hints at 42% drop as ETH bull market ends

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On March 4, Ethereum’s native token, Ether (ETH), dropped to a new yearly low of $1,996, marking the altcoin’s lowest value since November 2023. In that 24-hour period, roughly $100 million in Ethereum positions were liquidated, with ETH futures open interest (OI) declining 10.31% across all exchanges. Ethereum 1-day chart. Source: Cointelegraph/TradingView Is Ether price at a generational entry or lost cause? The second largest cryptocurrency is drawing mixed opinions from the crypto industry. Ethereum’s Pectra upgrade was deployed on the Sepolia testnet on March 5, and Gabriel Halm, a…

Ether shorter gains $68M on 50x leverage as ETH drops 11%

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An anonymous cryptocurrency trader has accumulated almost $68 million in unrealized profit by shorting Ether amid its recent price decline. According to blockchain data from Hypurrscan, the trader opened a 50x leveraged short position when Ether (ETH) was trading at $3,176, on Feb. 1. As of 9:06 am UTC on March 5, the position had almost $68 million in unrealized profit. Shorting involves “borrowing” the underlying cryptocurrency from a broker, selling it at the current price, and then repurchasing it once the price falls — a strategy used by traders…

Tariff War Hits ETH, XRP, And SOL Hard

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The cryptocurrency market experienced a significant rally over the weekend, sparked by President Donald Trump’s announcement regarding the inclusion of three additional digital assets—Solana (SOL), XRP, and Cardano (ADA)—in a future national “Crypto Strategic Reserve.”  This news provided a much-needed respite for the market, which had been grappling with a downturn due to a series of challenges, including a memecoin debacle, a major hack, and ongoing tariff uncertainties. Short-Lived Crypto Rally Initially, president Donald Trump’s announcement led to impressive gains across the board. XRP surged by 32% in the hours…

ETH Tests $2K, Lowest Since November 2023

Ether (ETH) is testing levels not seen since November 2023, as the market continues to be hit by volatility resulting from U.S. President Donald Trump’s trade war threat. ETH is down 15% in the last 24 hours, according to CryptoX Indices data, dragging down the CryptoX 20, a measure of the largest digital assets, which is down 16%. (CryptoX Indices) Ether’s decline over the past three months has been driven by bearish investor sentiment, reflected in its underperformance relative to BTC and weak institutional demand, alongside macro headwinds like trade…

Trader profits $6.8M from BTC, ETH bets placed before Trump crypto reserve post

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A crypto whale that placed hundreds of 50x leverage long position bets on Bitcoin and Ether before US President Donald Trump announced a Crypto Strategic Reserve has profited nearly $7 million from the trades. The whale deposited $5.9 million in USD Coin (USDC) on decentralized derivatives exchange Hyperliquid on March 1 to place the long positions, according to crypto analytics platform HyperDash. The whale placed their first Ether (ETH) long position on March 2 at 2:49 pm UTC. Thirty-five minutes later, Trump announced the Crypto Strategic Reserve — nearly immediately…

President Trump says crypto reserve to include BTC, ETH, SOL, XRP, ADA

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Update (March 2 16:48:31 UTC): This article has been updated to add President Trump’s newest message about BTC and ETH being included in the reserve United States President Donald Trump recently announced that the President’s Working Group on Digital Assets has been directed to include XRP (XRP), Solana (SOL), and Cardano’s ADA (ADA) in the crypto strategic reserve. The President later added Bitcoin (BTC) and Ether (ETH) to the list of cryptocurrencies to be included in the reserve in an appended post, stating that they would be at the “heart…

Bybit hackers resume laundering activities, moving another 62,200 ETH

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North Korea’s Lazarus Group laundered another 62,200 Ether, worth $138 million, from the Feb. 21 Bybit hack on March 1 — leaving only 156,500 left to be moved, a pseudonymous crypto analyst noted. Approximately 343,000 Ether (ETH) of the 499,000 Ether stolen from the $1.4 billion Bybit hack has been moved, said X user EmberCN, who expects the remaining funds to be cleared in the next three days. The 343,000 Ether moved equates to 68.7% of the stolen funds — up from 54% on Feb. 28. EmberCN previously noted that…

Ethereum Retraces To Critical Monthly Demand Level – Can ETH Hold Selling Pressure?

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Este artículo también está disponible en español. Ethereum has experienced a massive drop, losing over 27% of its value in less than five days as the market faces extreme fear and uncertainty. The rapid sell-off has fueled speculation that a bear market could be on the horizon, with many analysts calling for further downside in the coming months. Related Reading However, despite the overwhelming bearish sentiment, there is still a chance for Ethereum to recover as the price is now testing a crucial demand level. If bulls manage to hold…

BTC, ETH, XRP, BNB, SOL, DOGE, ADA, LTC, LINK, AVAX

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Bitcoin (BTC) dropped close to $78,000 on Feb. 28, but lower levels attracted solid buying by the bulls. CryptoQuant founder and CEO Ki Young Ju said in a post on X that selling after a 30% correction could be a “noob” mistake as Bitcoin rose to a new all-time high after falling 53% in 2021. Select whales seem to be building a position during the dip. A Bitcoin whale, known as “Spoofy,” bought 4,000 Bitcoin worth roughly $344 million when the price was between $82,000 and $85,000. Crypto analyst Saint…

Ethereum To Drop? ETH Risks Fall To $2,180 If This Support Fails

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Este artículo también está disponible en español. Amid the market retrace, Ethereum (ETH) has lost its key $2,600 support zone and fallen below the next crucial level. As the second-largest cryptocurrency by market capitalization attempts to hold its current range, some analysts predict a 6% drop could be coming. Related Reading Ethereum Risks Fall To $2,180 Following the $1.5 billion hack of crypto exchange Bybit, the crypto industry experienced a market correction that sent most cryptocurrencies below their key support levels. Bitcoin’s price fell below the $90,000 mark for the…