Tag: ETH

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…

Study: Institutions More Bullish on Ethereum in H2 of 2023 — BTC and ETH Holdings Surge to 80%

Between July 2023 and January 2024, the concentration of bitcoin and ethereum in institutional digital asset portfolios increased from 50% to 80%, the latest Bybit user asset allocation report has shown. During this period, institutions appeared to be more bullish on ethereum than bitcoin, a sentiment that contrasted with that of retail investors. Stablecoins and […] Source CryptoX Portal

Institutions choose ETH over BTC and SOL, GFOX also being considered

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Similar to Bitcoin’s dominant position, Solana has likewise been a major player in crypto. Its surging price and rising profile since March 2020 has been instrumental in the popularity and acceptance of DeFi. Meanwhile, Bitcoin’s utility and acceptance have also increased outside crypto circles, with institutions creating partnerships with the cryptocurrency market. These institutions hope to tap into the financial potentials of the crypto market in other spheres, and…

Ethereum Wallet Abruptly Wakes Up After Nearly 10 Years, Sends ETH Stack to Crypto Exchange

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A long-dormant Ethereum (ETH) whale abruptly woke up on Monday and sent more than $773,000 worth of the second-largest digital asset to the top US crypto exchange Coinbase. The crypto-tracking platform Whale Alert notes the wallet is a pre-mine address that wasn’t active for more than 8.5 years. Pre-mining refers to the creation of a crypto asset before it is launched publicly. The pre-mine whale first sent a single Ethereum to Coinbase, followed by 237.748 ETH in a subsequent transaction, according to the blockchain tracking platform Arkham Intelligence. The crypto…

Can Ethereum Touch $4,000? Crypto Analyst Says ETH Rally Far From Over

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Like Bitcoin, Ethereum has also picked up steam, with the second-largest crypto token crossing the $3,000 resistance level for the first time since 2021. Interestingly, this crypto analyst believes the rally is far from over, as he highlighted a key price level that ETH could hit soon enough.  Ethereum Could Rise To As High As $4,000 Crypto analyst Altcoin Sherpa suggested in an X (formerly Twitter) post that Ethereum could rise to as high as $4,000. His prediction looks feasible when one considers crypto analyst Bitcoin Ape’s recent analysis of…