Tag: ETH

Can Ethereum (ETH) Price Reach $2,700 as a $1B Trading Strategy Unfolds

ETH price has outperformed BTC since the Spot ETF approval on Jan. 11, but on-chain data suggest the gap could further widen in the days ahead. Ethereum price continues to consolidate its lead over Bitcoin this week closing above the $2,500 mark in each of the last 4 trading days from Jan. 15.  2 vital trading indicators highlight how the ETH bulls could further assert dominance in the days ahead.  Investors have shifted ETH Worth $1 billion from exchange-hosted wallets into long-term storage As Ethereum price raced up the charts…

Developer Hails ETH Burning, Will Ethereum Break $3,000?

boss

Péter Szilágyi, an Ethereum (ETH) developer, has lauded EIP-1559 and its ETH burning mechanism as “the great equalizer.” Taking to X on January 16, Szilágyi admired EIP-1559’s ability to “level the playing field between validators and regular users.” Developer: EIP-1559 Is A “Great Equalizer” Since the implementation of EIP-1559, Ethereum adjusted how users bid gas fees, introducing the “base fee,” which was burned or sent to an irretrievable wallet. So far, data from Ultrasound Money shows that over 3.9 million ETH have been destroyed. In the last week alone, the Ethereum network…

Here Are The Most Bullish Predictions For ETH Price As Ethereum Dominance Rises Against Bitcoin

The sentiments around Ethereum look to be very bullish at the moment as the second-largest crypto token by market cap has seen its dominance surge against Bitcoin. Ethereum’s rise against the flagship crypto token is also significant, as crypto analyst Jaydee recently suggested that it could usher in the altcoin season.  Bullish Predictions For Ethereum’s Price Crypto analyst Ali Martinez recently highlighted the fact that Ethereum broke out from an ascending triangle on the weekly chart. According to him, the crypto token has its eyes on the $3,400 price level…

Ethereum Price Rangebound – Can ETH Pump Again To Retest $2,700?

boss

Ethereum price corrected lower and tested the $2,440 support. ETH is now trading in a range and facing hurdles near the $2,550 and $2,585 levels. Ethereum is attempting a fresh increase from the $2,450 level. The price is trading just above $2,500 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance near $2,510 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $2,550 and $2,585 resistance levels. Ethereum Price Holds…

Celsius moves $125m in ETH to exchanges amid plan to repay creditors

Embattled crypto lender Celsius has moved over $125 million in Ethereum to various cryptocurrency exchanges in the last week, signaling its plans to commence creditor repayments. Data from Arkham Intelligence shows that between Jan. 8 and 12, Celsius transferred Ethereum worth $95.5 million to Coinbase and $29.7 million to FalconX. Despite these large transfers, the lender still holds substantial assets, including over 580,000 ETH, currently valued at approximately $1.47 billion, and 9,799 BTC worth around $417.67 million. On Jan. 5, Celsius Network unstaked an impressive 206,300 ETH, valued at $470…

Ethereum Bloodbath Incoming? Celsius’ $125 Million Move Threatens ETH Price

boss

The Ethereum price might be doing well post-spot Bitcoin ETF launch, but recent moves by Celsius threaten to destabilize the price movement. The now-bankrupt crypto lender seems to have begun its reimbursement plan to its creditors, as on-chain data reveal the movement of its ETH holdings to crypto exchanges. According to crypto market intelligence company Arkham Intelligence, Celsius Network carried out transfers worth over $125 million worth of ETH last week to various crypto exchanges. Celsius Transfers ETH To Exchanges Data shows that between January 8 and January 12, Celsius…

Ethereum $2,600 Breach Paves Way For ETH Ascent To $3,000

Ethereum has staged a remarkable coup, outshining Bitcoin with a 14% surge in just two weeks. This week, the digital currency shattered a key psychological barrier, surpassing $2,600 for the first time since May 2022. This decisive breach, backed by strong fundamentals and an increasingly bullish sentiment, could pave the way for Ethereum’s ascent to a coveted $3,000 mark. Ethereum Breaches Critical Psychological Barrier  The $2,600 level wasn’t just a random resistance point; it represented a critical psychological hurdle for Ethereum. Breaching this level not only confirmed the ongoing uptrend…

Analyst Draws Crucial Support Levels For Ethereum (ETH) Post-ETF Surge

boss

According to data from CoinMarketCap, Ethereum (ETH) had dipped over 2% in the last 24 hours. This negative price movement comes after an initial price boost by the token which it gained by over 19% following news of the Bitcoin spot ETF approval in the US on Wednesday.  Interestingly, popular crypto analyst Ali Martinez has offered more insight into ETH’s developing downtrend, highlighting the next possible support zones for crypto’s largest altcoin.  Ethereum May Be Headed For $2,450 – Analyst In an X post on January 11, Martinez shared that…

Ether ETF Next? Traders Bet ETH Is Next After Historic Bitcoin ETF Approval

boss

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…