Tag: ETH

Over 52 Million ETH Bought At $2,300, Will Ethereum Bulls Defend This Support?

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Este artículo también está disponible en español. Ethereum is flat at press time, moving inside a narrow $400 range with caps at $2,300 on the lower end and $2,800 as the upper limit. Even though investors are upbeat, expecting prices to soar in the coming sessions, uncertainty continues to engulf the market. Ethereum Finds Support At $2,300: Over 52 Million ETH Bought The second world’s most valuable coin is bearish, dumping by over 50% from July highs and unable to break the local resistance at $3,500. As traders closely monitor…

Ethereum TD Setup: Why The ETH Price Must Hold $2,250

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Ethereum has largely exhibited a sideways movement between $2,500 and $2,350 in the past seven days. This sideways movement has yet to give rise to a clear path as to how the crypto performs moving forward, denting the sentiment of many bulls.  In an interesting analysis with the use of the TD Setup, crypto analyst Ali Martinez highlighted a critical price point for investors to watch on the ETH price trajectory. At the heart of this analysis is the $2,250 price point, a level that could be the line between…

A new token set to outshine ETH and SOL

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As wallets activate for seasonal buying, a whale bets big on DTX Exchange, a top contender among altcoins like ETH and SOL. It is that time of the year when inactive wallets go on a buying spree and retailers return to the crypto scene. The seasonal rally is in motion and a crypto whale is betting big on DTX Exchange (DTX), a new exchange-based token, ahead of top altcoins…

Bitcoin (BTC) Price Dips Below $61K, Ether (ETH) Slips 3% as PlusToken Coins Moved to Exchanges

Earlier today, U.S. federal prosecutors charged crypto trading firms Gotbit, ZM Quant, CLS Global and MyTrade and their employees with market manipulation and fraud. Notably, a CoinDesk report in 2019 detailed how Alexey Andryunin, the co-founder of Gotbit and one of the individuals charged by prosecutors, built a business out of faking exchange volumes for tiny crypto tokens using trading bots to get listed on price aggregators like CoinMarketCap. Source

$6 Million ETH Sale: Ethereum Foundation Joins Whale Liquidation Frenzy

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The Ethereum Foundation was at the center of attention recently concerning a liquidation plan it has set in place to sell parts of its Ether balance. According to the on-chain tracker Lookonchain, a wallet linked to the foundation moved 2,500 ETH, valued around $6 million, to the exchange Bitstamp on October 8, 2024. This is part of an increasing trend in which large holders, colloquially known as “whales,” are selling their holdings in the face of this volatile market environment. A whale deposited 11,456 $ETH($27.8M) to #Binance in the past…

Solana’s SOL Is ‘Richly Valued’ Versus ETH Price, but Could Still Outperform If Trump Gets Elected: Standard Chartered

SOL’s ratio of market capitalization versus network fee revenues is 250, more than double than ETH’s 121. Solana’s supply grows around 5.5% annually, while ETH’s token inflation rate stands around 0.5% a year, they added. Higher inflation means that SOL’s real staking yield is 1%, compared to ETH’s 2.3%. Meanwhile, 38% of all established developers in the blockchain industry work on the Ethereum ecosystem, with Solana claiming a 9% share. Source CryptoX Portal

Binance’s BTC, ETH, USDT balances declined in September

Binance’s latest proof-of-reserves report shows a notable decline in user assets in September as the crypto market wandered in the red zone. According to Binance’s 23rd PoR report, the exchange’s Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) holdings decreased in September.  Binance saw 9,577 BTC and 61,326 ETH leave the exchange last month. These assets are each worth $595 million and $148.5 million, respectively. Its USDT reserves also dropped by 3.16%, falling from $22.11 billion to $21.41 billion, showing an outflow of almost $700 million. On the other hand, Binance…

ETH expected to surge as investors eye ETH EFTs, as new DeFi coin raises $70k in 10 hours

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Ethereum ETFs face outflows amid geopolitical tensions, new opportunities like Cutoshi are emerging, drawing investor interest with its blend of memecoin appeal and DeFi features. Cryptocurrency ETFs made progress in 2024, with Ethereum ETFs approved and trading this year. Currently, the crypto ETF market size is around $82 billion, and it will increase drastically as we get ETFs in various sectors. Ethereum ETFs have not impacted the ETH…