Ethereum (ETH) remains a leading cryptocurrency in the DeFi space, holding the second-largest market capitalization after Bitcoin. However, recent price fluctuations have made it unstable, influenced by U.S. election trends, economic indicators, and global geopolitical situations. As a result, investors are increasingly compelled to diversify their portfolios in response to this market environment. In this […] Source CryptoX Portal
Tag: Ethereum
This Week’s Crypto Gainers and Losers: Meme Tokens Outshine Bitcoin and Ethereum
In the midst of a more optimistic crypto market, both bitcoin and ethereum have enjoyed steady growth, climbing by 3.13% and 3.61%, respectively, over the past week. Additionally, several other digital currencies experienced even more significant increases, with spx6900 (SPX) stealing the spotlight by skyrocketing 107.2%, making it the standout performer of the week. Crypto […] Original
Ethereum Technical Analysis: Bullish Breakout Needed to Reverse Bearish Trend
As of Oct. 14, 2024, ethereum’s price is $2,541, with a total market cap reaching $305 billion. In the last 24 hours, ETH has swung between $2,436 and $2,555, supported by a trading volume of $14.31 billion. Despite this activity, technical indicators hint at continued bearish momentum, with key support levels under pressure. Ethereum On […] Source CryptoX Portal
Bad Decisions By Ethereum Foundation Hurt ETH Price: CIO
Este artículo también está disponible en español. Zaheer Ebtikar, the Chief Investment Officer (CIO) and founder of Split Capital—a hedge fund specializing in liquid token investments—has attributed the Ethereum underperformance over the last months to strategic missteps by the Ethereum Foundation and structural shifts in crypto capital flows. In an analysis shared via X (formerly Twitter), Ebtikar writes, “Independent of the myriad of (probable) bad decisions that the ETH foundation & co have made there’s another structural reason why ETH has traded like a dog this cycle.” Why Is The…
Ethereum Price Gains Bullish Momentum: Is a Breakout Near?
Este artículo también está disponible en español. Ethereum price started a steady increase above the $2,450 resistance. ETH is holding gains and might gain bullish momentum above $2,520. Ethereum started a steady increase above the $2,420 and $2,450 resistance levels. The price is trading above $2,440 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $2,455 on the hourly chart of ETH/USD (data feed via Kraken). The pair must gain bullish momentum above the $2,520 and $2,550 resistance levels. Ethereum Price Regains…
Bitcoin ETFs Climb With $253M Inflows as Ethereum Funds Show Weakness
On Friday, the 12 U.S. spot bitcoin exchange-traded funds (ETFs) shook things up, recording net inflows of $253.54 million. Meanwhile, the nine spot ethereum ETFs had a rougher day, with modest outflows totaling around $97,110. Friday’s Crypto ETF Action The spot bitcoin ETFs saw gains, pulling in $253.54 million in total on Oct. 11. Fidelity’s […] Original
Analysts Consider These 2 Chains Might Become Ethereum Killers
ETC Group, a Bitwise-owned London-based fund issuer, examined the possibility of Solana and Aptos becoming the next Ethereum in its latest newsletter. Their analysts revealed that while these two chains have grown and enjoyed momentum, Ethereum is still the overall leader according to ETC Group’s Network Dominance Index. ETC Group Analysts Reinforce Ethereum Market Dominance […] Source CryptoX Portal
Ethereum MVRV Score Signals Cooling Market Momentum, Time To Buy?
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…
Top cryptos ready to outpace Bitcoin and Ethereum during the next major crypto surge
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As the crypto market resurges, analysts see potential in alternative coins that may outpace Bitcoin and Ethereum in growth. Amidst the resurgence of the crypto market, certain digital currencies are emerging as potential frontrunners. While Bitcoin and Ethereum dominate the conversation, some alternative coins are showing signs of significant growth. Market analysts are turning their attention to these assets, anticipating they might outpace the established leaders in the upcoming…
Over 52 Million ETH Bought At $2,300, Will Ethereum Bulls Defend This Support?
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…