Tag: ETH

Vitalik Buterin’s ENS Address Trades $100K Worth of ETH for Stablecoins Amid Market Uptick

According to blockchain analytics, the Ethereum Name Service (ENS) domain “vitalik.eth” has engaged in a transaction of $100,000 worth of ether, converting it into an equal amount of stablecoins on the Base blockchain. The address, purportedly belonging to Ethereum’s co-founder Vitalik Buterin, currently possesses 955.58 ether, estimated at $3.64 million. ‘Vitalik.eth’ Wallet Makes Strategic $100K […] Source CryptoX Portal

Can ETH Target $4,500 Next?

Ethereum’s price continues to advance towards $4,000 despite market-wide liquidations and the U.S. SEC postponing a decision on Blackrock and Fidelity ETH ETF filings.  Ethereum traders have doubled bullish positions despite a major setback to institutional participation on the pioneer smart contract network and intense market volatility recorded on Mar. 6.  Market analysis explores how this show of conviction among speculative traders could impact the ongoing ETH price rally in the near-term.  Ethereum price reclaims $3,900 despite bearish headwinds Ethereum’s price rose 9%, soaring from $3,500 to a peak of…

Ethereum (ETH) Hits $3,900 For The First Time In Two Years

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After Bitcoin (BTC) recorded a new all-time high (ATH), Ethereum (ETH) rallied above $3,800 before the price crashed over 10%. The second-largest cryptocurrency has recovered from the dip and reached $3,900 momentarily for the first time in over two years. Ethereum Recovers And Rallies to $3,900 On Thursday, Bitcoin reached a crucial milestone after breaking above $69,000 and recording a new all-time high (ATH). Before the euphoria was over, the flagship cryptocurrency’s price started to drop, trading as low as $60,000. Since then, BTC’s price has recovered to hover between…

Ethereum is set to outperform Bitcoin as the spot ETH ETF narrative comes into play, analysts say

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Analysts at QCP Capital note that despite Bitcoin’s quick drop to $59,000, funding is back to sensible levels and the more likely scenario is the outperformance of the ETH/BTC pair. In a volatile overnight session, Bitcoin (BTC) quickly set a new all-time high of $69,400 only to undergo a rapid decline, plummeting to $59,200 within a matter of a few hours. This steep downturn resulted in the liquidation of over $1 billion worth of leveraged long positions on Binance alone. However, as noted by analysts at QCP Capital, the market…

The Ethereum Foundation Is Selling ETH Again, Is The Top In?

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The Ethereum Foundation, a non-profit organization, has initiated an unexpected ETH sell-off to a single address, prompting speculation about a potential market peak.  Ethereum Foundation Executes Multiple ETH Transfers On Monday, March 4, Blockchain analytics platform LookOnChain revealed a series of transactions executed by a wallet address related to the Ethereum Foundation. Sharing a screenshot of the transaction details on X (formerly Twitter), LookOnchain disclosed that the Ethereum Foundation had initiated three ETH transactions to a single wallet address identified as “Cumberland Forwarder”.  Among these transfers, two involved selling off…

Ethereum Foundation makes $13.3m ETH transfer, prompting market speculation

A wallet reportedly linked to the Ethereum Foundation has liquidated $13.3 million in ETH, raising eyebrows and sparking conversations about a possible price decline.  The Ethereum Foundation‘s decision to liquidate $13 million worth of Ethereum (ETH) has left investors contemplating the transaction’s potential impact on the price of the world’s second-largest cryptocurrency by market capitalization. Traditionally, the foundation’s actions are considered precursors to market shifts, triggering concerns about a potential decline. Despite this, Ethereum displays bullish signals as the charts look today. The Ethereum price chart presents an optimistic view…

TRON DAO at ETH Denver and Host of TRON Builder Tour Denver Stop

PRESS RELEASE. Geneva, Switzerland, March 4, 2024 – The TRON DAO team attended ETH Denver, one of the leading events in the blockchain space. In conjunction with this, the TRON Builder Tour (TBT) ETH Denver event unfolded, drawing enthusiasts into the dynamic world of the TRON ecosystem with an event packed with insights, networking, and […] Source CryptoX Portal

Ethereum Technical Analysis: Bullish Market Sentiment Keeps ETH Above $3,500

Ethereum’s price experienced a turbulent trading session on March 4, 2024, with significant intraday fluctuations marking the landscape. Despite the short-term volatility, underlying indicators and moving averages suggest a strong bullish trend over the long term. Ethereum The last 24 hours saw ethereum’s (ETH) price swing from $3,411 to $3,537, encapsulating the volatile nature of […] Source CryptoX Portal

Top cryptocurrencies to watch this week: ETH, DOGE, SHIB

The cryptocurrency market was highly prosperous last week, witnessing a remarkable 16% surge in the global crypto market cap to $2.32 trillion. During this positive trend, altcoins like Ethereum (ETH), Dogecoin (DOGE) and Shiba Inu (SHIB) are among the top cryptocurrencies to watch heading into Monday. ETH, DOGE, and SHIB prices – March 3 | Source: Santiment ETH breaches $3,400 ETH is up 9.6% this week. As Bitcoin (BTC) garnered significant attention from market participants this week, Ethereum capitalized on the rally, achieving substantial surges beyond crucial psychological thresholds that…