Tag: ETH

Ether price risks losing the $1.6K support as multiple ETH price metrics decline

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Ether’s price surged by 31.3% from March 10 to March 18, coinciding with the Federal Reserve’s injection of $300 billion to address the insolvency of Silicon Valley Bank. Since then, Ether’s (ETH) price has consistently maintained a daily closing price above $1,600.  However, investors are now casting doubt on Ether’s ability to sustain this support level, given the prevailing bearish sentiment in the cryptocurrency space and declining metrics on the Ethereum network. Over the past six months, the cryptocurrency sector has been plagued by negative developments. Notably, the Digital Currency Group (DCG), the…

MetaMask launches feature to sell ETH for fiat

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Cryptocurrency wallet MetaMask has announced the launch of a feature allowing users to sell Ether for fiat currency. In a Sept. 5 post on X — formerly Twitter — MetaMask said users with crypto wallets connected to the platform’s Portfolio decentralized application would be able to cash out Ether (ETH) and send fiat to their bank accounts in the United States, United Kingdom and parts of Europe. MetaMask said the initial rollout was limited to ETH but planned to expand to “native gas tokens on layer 2 networks” in the future. We…

Whale Sells Ethereum (ETH) For Maker (MKR)

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Less than a week after Vitalik Buterin, one of the co-founders of Ethereum, sold his Maker (MKR) stash for ETH, one crypto whale has done the opposite. On-chain data on September 4 shows that one Ethereum holder sold 694 ETH, worth roughly $1.13 million when writing, for 1,010 MKR. At the time of the swap, MKR was changing hands at $1,122.  Whale Swaps ETH For MKR As of September 4, the address, “0x3737,” had over $20.37 million worth of assets. While the whale trades against Vitalik and doubles down on MKR, zooming in on the…

Anonymous MEV bot operator refunds $70k in ETH from Curve Finance attack

Alchemix Finance has thanked an anonymous MEV bot operator for voluntarily returning $70k, or 43.3 Ethereum (ETH), in arbitrage profits earned from the Curve Finance exploit. An operator of a Miner Extractable Value (MEV) bot returned 43.3 ETH in profits made during the exploit on Curve Finance, a stablecoin decentralized exchange (DEX). Alchemix Finance ,which is one of four protocols directly affected by the Curve Incident, confirmed the transaction on Sept. 4. At press time, the returned assets are worth an estimated $70,600 as ETH traded around $1,630, according to…

Price analysis 9/4: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, TON

Bitcoin price is range-bound but several major altcoins such as XRP are showing signs of a potential breakdown. The United States’ equities markets are on a recovery path. The S&P 500 Index (SPX) surged 2.50% last week to record its best week since June. Even though Bitcoin (BTC) also attempted a relief rally, the bulls could not sustain the higher levels. In the end, Bitcoin finished the week with a marginal loss of 0.5%. One of the main reasons Bitcoin gave back its gains was because the Securities and Exchange…

ETH Spot ETF, DeFi ETF Applications to Follow BTC Spot ETF Approval as Asset Management Seeks Fees: Bernstein

The asset management industry is expected to push beyond bitcoin and ether into areas including other top blockchains, such as Solana and Polygon, and even leading decentralized finance (DeFi) assets, the note said. DeFi is an umbrella term used for lending, trading and other financial activities carried out on a blockchain, without traditional intermediaries. Source

Ethereum Bears Hold Strong – Why ETH Could Resume Downtrend Below $1,600

Ethereum price tested the $1,600 zone and is currently recovering against the US Dollar. ETH is facing many hurdles near $1,650 and $1,670. Ethereum started a recovery wave from the $1,600 support level. The price is trading below $1,650 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $1,665 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close above the $1,700 level. Ethereum Price Faces Key Resistance Ethereum’s price…

Adidas unveils resident Web3 artists, Mutant Ape sells for 500 ETH and more…

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The Adidas /// Studio, also known as the Triple Stripes Studio, has launched a Web3-based digital artist in residency program to showcase and support budding creators in the NFT space. The program was announced on Aug. 31, and it will officially launch on Sept. 4 via a series of online and in-person events that will run until Sept. 11. INTRODUCING: RESIDENCY BY ADIDAS The adidas /// studio is proud to announce the global launch of “RESIDENCY by adidas” – the brand’s first digital artist-in-residence program! pic.twitter.com/He0LAEUzQA — ALTS by adidas…

TRX Eyes Bullish Break While Bitcoin and ETH Struggle

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Tron price is rising and trading above $0.0750 against the US Dollar. TRX is outperforming Bitcoin and could rally further above the $0.0780 resistance. Tron is moving higher from the $0.0738 support zone against the US dollar. The price is trading above $0.0750 and the 100 simple moving average (4 hours). There is a crucial contracting triangle forming with resistance near $0.0775 on the 4-hour chart of the TRX/USD pair (data source from Kraken). The pair could continue to climb higher if it breaks $0.0775 and $0.0780. Tron Price Remains…