Tag: ETH

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…

Bybit hacker launders $605M ETH, over 50% of stolen funds

The Bybit exploiter managed to launder over 50% of the stolen funds within a week since it exploited the exchange, despite onchain analysts pursuing the identity of the exploiters. Centralized crypto exchange Bybit was hacked for over $1.4 billion worth of crypto on Feb. 21, marking the largest hack in crypto history The Bybit exploiter has already laundered over $605 million worth of Ether (ETH), or over 54% of the total stolen funds, according to Lookonchain. The crypto intelligence platform wrote in a Feb. 28 X post: “So far, the…

ETH Accelerates Losses Amid Market Turmoil

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Este artículo también está disponible en español. Ethereum price started a fresh decline from the $2,350 resistance zone. ETH is now consolidating losses and might extend losses toward the $2,000 support. Ethereum is facing an increase in selling below the $2,350 zone. The price is trading below $2,250 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,260 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent recovery wave if it settles above $2,250 and…

Saga CEO discusses crypto industry’s shift toward GOP — ETH Denver

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Rebecca Liao, co-founder and CEO of layer-1 blockchain Saga, believes that digital assets began as a bipartisan issue but gravitated toward the Republican Party in the last election cycle due to the previous administration’s anti-crypto policies. In an interview with Cointelegraph’s Turner Wright during the ETHDenver Conference, Liao pointed to the Securities and Exchange Commission’s (SEC) lack of cohesive policy as the industry’s primary challenge. The CEO said: “The crypto community felt as though the administration of power was not really helping out the crypto community with policies that would…

Brutal 20% Ethereum price sell-off is not over, but is there a silver lining for ETH?

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Ether (ETH) price stabilized near $2,300 after a sharp 20% drop over three days, hitting a low of $2,255. This decline shook market sentiment, as Ether hadn’t traded at these levels since October 2024. However, the ETH derivatives market is showing early signs of recovery and strength, suggesting a potential rebound to $2,800. Ether 30-day futures premium, annualized. Source: Laevitas.ch The 30-day ETH futures are now trading at a 7% premium over the spot market, up slightly from 6% two days ago. Premiums between 5% and 10% are considered neutral,…

Extremely Strong Support And Monthly 55 EMA Says ETH Is Headed For $4,867

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Este artículo también está disponible en español. Ethereum has yet to return to its all-time high for over three years, a stark contrast to Bitcoin, which has surged past many price levels in the current cycle. Despite being the second-largest cryptocurrency, Ethereum has struggled to keep up with the broader market even during price rallies. However, a new technical outlook suggests that Ethereum may soon break free from this underwhelming trend and push toward $4,867 based on a strong meeting of multiple technical indicators. Extremely Strong Support Shows Ethereum Breakout…

$1,400,000,000 Drained From Crypto Exchange Bybit As Hackers Crack Ethereum (ETH) Contract Address: Arkham

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The Singapore-based crypto exchange Bybit says it’s suffered a major security breach involving its Ethereum (ETH) cold wallet. According to the crypto analysis firm Arkham, about $1.4 billion in ETH and stETH has been taken. CEO Ben Zhou says the breach happened when an ETH transfer to a warm wallet was manipulated through a sophisticated attack. “Bybit ETH multisig cold wallet just made a transfer to our warm wallet about 1 hr ago. It appears that this specific transaction was musked, all the signers saw the musked UI which showed…

ETH whale’s wild $6.8M ‘mind control’ claims, Bitcoin power thefts: Asia Express

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Bitcoin mining shadow tenants leave Malaysian landlords with million-dollar electricity nightmares Landlords across Malaysia are facing massive financial losses after their tenants illegally mined cryptocurrency to rack up electricity bills before leaving property owners to bear the cost. Malaysian Bitcoin miners vanish, leaving landlords with fines and financial distress. (Engin Akyurt) In one case, a landlord identified as “Jason” was reportedly handed a 1.7 million Malaysian ringgit (about $382,000) penalty by electricity provider Tenaga Nasional Berhad (TNB) after a tenant stole electricity to power their secret crypto mining operations. After…