Tag: ETH

Ethereum Open Interest Hits Record High Of $17 Billion — Bearish Or Bullish For ETH Price?

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Este artículo también está disponible en español. The price of Ethereum has been on a remarkable run in the past week, returning above the $3,500 level for the first time since July 2024. This single-week performance represents a change in the fortunes of the “king of altcoins,” which somewhat slowed down after a great start to the month of November. While the current price layout for Ethereum suggests that there is still room for upward movement, certain on-chain signals indicate that the market might be on the cusp of a…

Jim Cramer Champions Crypto — Reveals Why BTC and ETH Belong in Your Portfolio

Jim Cramer advocates for bitcoin and ethereum as key portfolio assets, citing their appeal amid rising U.S. debt and their potential to navigate fiscal challenges. Jim Cramer: ‘I’ve Liked Crypto for a Very Long Time’ Jim Cramer, host of CNBC’s Mad Money, defended his support for cryptocurrency on Tuesday, recommending bitcoin and ethereum as portfolio […] Source CryptoX Portal

Bybit x Block Scholes Derivatives Report: ETH Outperforms BTC

DUBAI, UAE, Nov. 28, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Blocks Scholes, released the latest weekly derivatives analytics report and uncovered signals indicating ETH’s rise above BTC in the past week. Fueled by news of current U.S. SEC Chair Gary Gensler’s departure at the end of the Biden administration’s term, ETH performance has positively surprised investors. In particular, open interest in ETH perpetual has been on the rise. Several large-cap altcoins also benefited from Gensler’s announcement, anticipating less scrutiny upcoming January. Key…

DOGE surges, Popcat struggles as trending ETH hybrid coin hits $1m

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin nears $100k, Dogecoin rallies 195%, and Cutoshi emerges as a memeFi star, raising $1m in its presale. Crypto markets are breaking records. With Bitcoin hovering around $100k, altcoins are following. Doge has outperformed most major tokens, while Popcat is struggling. At the same time, a new ETH-based memeFi hybrid token Cutoshi is taking the markets by storm.  Doge is poised for major gains After years of slow performance,…

Ethereum’s ETH Outperforms as Bitcoin (BTC) Price Recoils Off $100K Sell Wall

After a prolonged downtrend relative to bitcoin (BTC), Ethereum’s ether (ETH) is showing signs of a resurgence. ETH, the second-largest cryptocurrency on the market, gained over 4% in the past 24 hours, while BTC lost 1.5% during the same time, dipping below $95,000 during the Monday session. ETH even outperformed the broad-market CryptoX 20 Index, which was up 0.5%. The outperformance happened as investors started to rotate capital to smaller, riskier cryptocurrencies over the weekend following the stall of bitcoin’s near-vertical surge since Donald Trump’s election victory. The ETH/BTC ratio,…

Ethereum Analyst Predicts $3,700 Once ETH Breaks Through Resistance

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Ethereum has been trading at its highest levels since late July, hovering around $3,470. This marks a significant rebound for the second-largest cryptocurrency, which has managed to hold above the crucial 200-day moving average (MA) at $2,965. By maintaining this level, Ethereum confirmed a bullish price structure, paving the way for continued momentum as it approaches its next milestone—yearly highs near $4,000. Top analyst and investor Carl Runefelt recently shared his technical analysis on X, pointing out that Ethereum’s price action has built a solid foundation for further growth. According…

BTC and ETH Open Interests hit new all-time-high as Bitcoin nears $100k

Open interest for Bitcoin and Ethereum in futures markets each hit a new all-time-high in the past 24 hours of trading, following Bitcoin’s flirtation with $100,000. BTC OI reaching an ATH in the past 24 hours, November 22, 2024 | Source: coinalyze ETH OI reaching an ATH in the past 24 hours, November 22, 2024 | Source: coinalyze On Nov. 22, Bitcoin(BTC) OI has reached a peak of $57 billion in the past 24 hours. Meanwhile, Ethereum(ETH) OI went up 12% to an all-time high of $20.8 billion within the…

Deribit Moves $783M in Ethereum To Cold Storage: A Bullish Signal for ETH?

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While Ethereum seems to have begun its own major rally, the asset has recently experienced significant activity on the Deribit Options Exchange which begs the question of what it means for ETH’s price. A CryptoQuant analyst known as Amr Taha detailed these developments in a post on the CryptoQuant QuickTake platform. The analysis focused on substantial outflows from the exchange to cold wallets, highlighting potential implications for market sentiment and liquidity. ETH Netflows On Deribit And The Implications According to Taha, the Deribit Options Exchange recorded a notable transaction involving…

Is Ethereum dying? Bitcoin eyes $100,000 while ETH struggles under $3,500

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Ethereum (ETH) lost its three-year support against Bitcoin (BTC) as the most prominent cryptocurrency rallied towards its $100,000 target on Friday, November 22. ETH has faced sticky resistance at $3,500 for nearly four months while competitors hit record highs this cycle.  Ethereum loses favour with institutional investors, ETF performance lacklustre Ethereum slipped to a low of 0.03187 against Bitcoin on Friday, November 22. As Bitcoin made its way towards the $100,000 target, Ethereum price dropped under the support level that was maintained for nearly three years since 2021.  Ethereum’s decline…