Tag: Ethereum

Ethereum Bulls Set Sights on $2,850: Is a Surge Imminent?

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Este artículo también está disponible en español. Ethereum price is extending gains above the $2,650 resistance. ETH could continue to rise toward $2,850 if it clears the $2,750 resistance zone. Ethereum remained in a positive zone above the $2,580 and $2,620 resistance levels. The price is trading above $2,650 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $2,680 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $2,750 and…

Ethereum Upside Target Around $2,800 As Price Tests Key Resistance

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Este artículo también está disponible en español. Ethereum is testing a key resistance level around $2,640, and many analysts believe that breaking this point could trigger a significant surge in price. As the entire crypto market gains strength, optimism is growing among investors, who are eagerly waiting for Ethereum to catch up with Bitcoin’s recent rally.  The sentiment is positive, and traders are closely watching to see if ETH will make its move soon. Top analyst and investor Carl Runefelt has shared a technical analysis highlighting an optimistic outlook for…

Spot Bitcoin ETFs Draw Over $2 Billion Inflows As Ethereum ETFs Turn Green Again – Details

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The US-based spot Bitcoin ETFs produced a magnificent performance in the past week recording $2.1 billion in net inflows. Meanwhile, their Ethereum counterparts have finally turned the corner registering their third positive weekly inflows since their trading debut in July. Spot Bitcoin ETFs Record Highest Daily Inflow Since June After a return to positive net flows in the second week of October, the spot Bitcoin ETFs attracted massive levels of investments in the past week which began with $555.86 million worth of inflows recorded on Monday, October 14, representing the…

NFT sales surge to $93m, Ethereum network dethrones Bitcoin

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Weekly non-fungible token sales volume has surged 22.5% and now stands at $93 million, per the latest data. As the crypto market shows slow signs of recovery, the NFT market enjoys an uptick in volume and other metrics. Here’s a small glimpse: NFT sales volume pumped to $93 million from last week’s $77.6 million. The Ethereum (ETH) network has dethroned the Bitcoin (BTC) network in terms of volume. NFT buyers almost doubled from last week’s 263,804 to 494,666. The number of NFT sellers also witnessed a 108% surge and stands…

Ethereum Derivative Market Sees Over 50,000 ETH Inflow, Price Fall Imminent?

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Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…

Survey Finds Almost 70% Of Ethereum Institutional Investors Engaged In ETH Staking

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Este artículo también está disponible en español. Almost 70% of institutional investors in Ethereum (ETH) are participating in ETH staking, with 60.6% of them using third-party staking platforms. Ethereum Staking Landscape At A Glance According to a report by Blockworks Research, 69.2% of institutional investors holding Ethereum are engaged in staking the platform’s native ETH token. Of these, 78.8% are investment firms and asset managers. Related Reading Notably, slightly more than one out of five institutional investors – or 22.6% – of the respondents said that ETH or an ETH-based…

Ethereum Bullish Pattern Signals Upcoming Rally – Analyst Sets $2,870 Target

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Este artículo también está disponible en español. All eyes are on Ethereum as the crypto market watches closely following Bitcoin’s recent surge. Analysts and investors are now cautiously waiting for Ethereum to catch up, with some fearing that ETH’s performance in this cycle may fall short of expectations.  Related Reading Recent price action for Ethereum has shown signs of strength, giving investors confidence that a potential breakout could be near. Ethereum is currently trading within a bullish pattern that, if broken, could lead to a massive surge in the coming weeks. …

Kraken announces its own Wrapped Bitcoin on Ethereum

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Crypto exchange Kraken has joined the race for dominance in the realm of Wrapped Bitcoins, unveiling its own Ethereum-based token, kBTC. The landscape of Wrapped Bitcoins is becoming more crowded as U.S.-based crypto exchange Kraken has introduced its own Wrapped Bitcoin, just a month after its rival Coinbase made the same step. In a blog announcement on Thursday, Oct. 17, the San Francisco-based trading platform said the “kBTC” token is built on the Ethereum network, and “fully backed 1:1 by an equivalent amount of Bitcoin” held in Kraken Financial, a…

Ethereum Whales Are Quietly Accumulating—Is A Major Price Breakout Coming?

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…