Tag: Ethereum

NFT sales dip to $146.5m: Ethereum, Bitcoin network recover

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As Bitcoin continues to face resistance near the $100,000 mark, the NFT market has experienced a 1.6% drop, with total sales volume settling at $146.5 million. While Bitcoin (BTC) trades at $96,800, Ethereum (ETH) has shown strength by surging 3.5% in the last 24 hours to reclaim the $3,700 level. The global cryptocurrency market capitalization has expanded to $3.42 trillion from last week’s $3.35 trillion. This marks a 2.5% increase over the last day. According to the latest data from CryptoSlam, while overall sales have declined, individual blockchain networks are…

Ethereum outpaces Bitcoin in daily net flows for spot ETFs

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Ethereum spot ETFs mark a historic milestone with a $332.92 million daily inflow, surpassing Bitcoin ETFs amid the ETH price surge. The latest data from SoSoValue reveals that Ethereum (ETH) spot ETFs have recorded $332.92 million in daily net inflows as of Nov. 29, outpacing Bitcoin (BTC) spot ETFs’ $320.01 million for the first time since inception. This development coincides with Ethereum’s price surge of over 3% in the last 24 hours, while Bitcoin showed minimal movement during the same period. US ETH Spot ETF inflow data from SoSoValue Ethereum…

Ethereum Struggles Below $3,659 Resistance: Is Momentum Fading?

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Este artículo también está disponible en español. Ethereum is grappling with a critical resistance level at $3,659 as momentum appears to wane. After a period of steady gains, the cryptocurrency has moved into a consolidation phase, with bulls struggling to push it higher. The pause has raised questions about whether Ethereum’s rally is losing steam or simply gearing up for its next big move. This article aims to analyze ETH’s current consolidation below the $3,659 resistance level, focusing on its implications for market pressure. It will also determine whether ETH…

Ethereum Profit Streak Signals ATH Breakout For Over 90% Of Investors

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Ethereum (ETH) is once again in the news, but this time it’s good news for buyers. Recent data shows that over 90% of Ethereum users are now making money because the price of the cryptocurrency has risen to impressive levels. According to IntoTheBlock, this upward trend is the best time in five months for people who own ETH to make profits. Inspired by Bitcoin’s comeback above $96,000, the token jumped to $3,680, its biggest level since June. While Bitcoin cleared the path, Ethereum’s momentum is clearly seen since it broke…

Ethereum Breaks Resistance Levels, Analyst Predicts Room For More Growth

Este artículo también está disponible en español. Ethereum is finally seeing a notable rebound in its price as the second-largest cryptocurrency by market capitalization, which continues to break through significant resistance levels. Following its upward trajectory, seeing a nearly 10% increase in the past week, discussions about Ethereum potentially reaching a new all-time high by the year’s end have gained momentum. Notably, aligning with the ongoing ETH rally is renewed interest in Ethereum futures, with market metrics pointing to a bullish sentiment among traders. Related Reading More Room For Growth? A CryptoQuant analyst known…

Ethereum Eyes $3,900 – Key Resistance Break Could Spark A Surge

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Este artículo también está disponible en español. Ethereum has been making waves in the crypto market, reaching its highest levels since June after hitting a local high of $3,688 just hours ago. This impressive price action has sparked excitement among investors and analysts, with many anticipating further surges in the coming hours. Ethereum is now eyeing a breakout above its yearly highs, which could set the stage for an even more aggressive rally. Related Reading Crypto analyst Carl Runefelt shared a technical analysis on X, highlighting the significance of Ethereum’s…

Ethereum Price On The Verge Of Repeating 2017-2021 Cycle Breakout, Target Above $20,000

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Este artículo también está disponible en español. While Bitcoin (BTC) has reached new all-time highs this month, the Ethereum price has failed to experience a significant rally, befitting its position as the second-largest cryptocurrency by market capitalization. However, a crypto analyst suggests that this bearish price action could soon end, as Ethereum (ETH) appears to be repeating its breakout pattern from the 2017 to 2018 cycle. Based on this analysis, the ETH price could be on track to hit a remarkable new price target above $20,000.  Ethereum Price Eyes New…

Ethereum Price Powers Ahead with a 10% Surge: More to Come?

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Este artículo también está disponible en español. Ethereum price remained supported above the $3,250 zone. ETH started a fresh surge and cleared the $3,550 resistance zone. Ethereum started a fresh increase from the $3,250 support zone. The price is trading above $3,500 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $3,375 on the hourly chart of ETH/USD (data feed via Kraken). The pair is up nearly 10% and now consolidates gains near the $3,650 zone. Ethereum Price Starts Fresh…