Tag: ETH

Ether’s (ETH) Bitcoin (BTC) Beating Rally Not Just Because of Potential ETF Approval: Bernstein

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Ether (ETH), the world’s second-largest cryptocurrency, has outperformed its larger rival bitcoin (BTC), with a 33% gain year-to-date. This rally is being driven by catalysts other than the potential approval of a spot exchange-traded fund (ETF), broker Bernstein said in a research report on Monday. Firstly, the ether supply is deflationary and has not increased since the Ethereum blockchain’s shift to a proof-of-stake consensus model in September 2022, the report said, adding that this fact is being underappreciated. The amount of ether locked up is also an important factor. Bernstein…

Bitcoin Price Stuck In Range While ETH Surges, More Downsides Ahead?

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Bitcoin price is struggling to clear the $52,000 resistance. BTC could start a decent downside correction if it breaks the $50,500 support zone. Bitcoin price is still struggling to clear the $52,000 resistance zone. The price is trading below $51,600 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $51,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend its current decline and revisit the $50,500 support. Bitcoin Price Faces Resistance At…

800,000 ETH Flow Out Of Centralized Exchanges In 2024

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The price of Ethereum has been a joy to watch since the start of 2024, climbing by more than 30% in less than two months. The latest on-chain revelation suggests that ETH investors are approaching the market with more confidence, as the cryptocurrency’s price rally seems to be far from over. $2.4 Billion Worth Of ETH Leaves Exchanges: CryptoQuant A pseudonymous analyst on CryptoQuant’s Quicktake revealed that significant amounts of the Ethereum token have been making their way out of exchanges in the last few weeks. This observation is based…

Ethereum Price At Make-or-Break Levels, Can ETH Surge To $3,200?

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Ethereum price is struggling below the $3,030 resistance. ETH is consolidating and might start a downside correction below the $2,930 support. Ethereum struggled to stay above the $3,000 level and corrected lower. The price is trading above $2,930 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,930 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a clear move below $2,930. Ethereum Price Hits Support Ethereum price made another attempt…

Ethereum Whale Buys $187 Million ETH In 3-Day Spree, Anticipating Further Surge

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In recent on-chain data from Spot On Chain, an Ethereum whale appears to have engaged in significant accumulation activity, sparking interest and speculation within the ETH community. According to the platform, the whale address in question has purchased a total of 64,501 ETH in the past three days, amounting to roughly $187 million at current market prices, Ethereum Whale Accumulation Spot On Chain reported that earlier today, the whale acquired approximately 13,526 ETH at an average price of $2,947 per ETH. This accumulation, valued at over $39 million, adds to the…

Ethereum Analyst Eyes $4,500 After ETH Breached $3K

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Amidst the dynamic world of cryptocurrencies, Ethereum, the second-largest digital currency, has ignited investor enthusiasm, driven by a bold prediction from Michaël van de Poppe, CEO of MN Trading. Van de Poppe’s forecast projects a remarkable climb for Ethereum, anticipating a potential surge to the range of $3,800 to $4,500. This optimistic outlook gains momentum as Ethereum’s current valuation hovers around $2,980, showcasing a robust performance while its counterpart, Bitcoin, grapples with market challenges. Ethereum: Fueling Bullish Momentum Several factors contribute to Ethereum’s bullish momentum, a sentiment emphasized by Van…

ETH Reaches $3,000 After Two Years, More Excitement To Come?

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On Tuesday, Ether (ETH), the second largest cryptocurrency by market capitalization, touched its highest level since April of 2022. Ethereum’s native cryptocurrency momentarily surpassed the $3,000 before quickly facing a price pullback. Ether Briefly Touches The Sky The whole crypto market has been buzzing with a bullish sentiment in recent weeks after the massive inflows coming into the recently launched Spot Bitcoin ETFs (exchange-traded funds). Since the approval of Bitcoin ETFs by the US Securities and Exchange Commission (SEC), eyes have moved to the possibility of other spot crypto-based ETFs…