Tag: Ethereum

Ethereum Foundation offloads 450 ETH in latest sale

The Ethereum Foundation has kept up its streak of selling ETH this year, most recently offloading 450 ETH for 1.029 million DAI. According to the analytics platform SpotOnChain, on Sept. 9, the Ethereum Foundation, the main non-profit organization supporting the Ethereum blockchain, shed 450 ETH from its holdings and swapped it for the stablecoin DAI. This transaction followed a sale of 100 ETH for 241,000 DAI on Sept. 5, bringing the Foundation’s total sales for 2024 to 3066 ETH.  Further, On Sep. 6, the Foundation transferred an additional 1,000 ETH,…

Ethereum Price Recovery May Stall Near 100-SMA: Is a Drop Coming?

Este artículo también está disponible en español. Ethereum price is attempting a recovery wave above $2,280. ETH must clear the $2,360 resistance to continue higher in the near term. Ethereum is attempting a recovery wave from the $2,150 zone. The price is trading below $2,320 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,280 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,360 resistance to continue higher in the near term. Ethereum…

Ethereum DEX networks are enjoying major increase in volume

Transaction volume in Ethereum decentralized exchanges bounced back even as cryptocurrency prices retreated. Ethereum DEX had robust activity According to DeFi Llama, the volume in Ethereum (ETH) rose by 18% to $9.88 billion as that in other chains retreated. Solana (SOL) DEX volume retreated by 8% while Base, BNB Smart Chain, Arbitrum, and Polygon fell by 4%, 14%, and 10%, respectively. The worst-performing chain was Tron (TRX) whose volume fell by 52% to over $642 million. This decline happened as the popularity of the recently launched SunPump meme coins eased.…

Top US Crypto Exchange Coinbase Adds New Ethereum (ETH) Layer-2 Scaling Protocol to Listing Roadmap

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Coinbase added the new native asset of an Ethereum (ETH) layer-2 scaling protocol to its listing roadmap on Friday, putting the token on the potential path to trading on the top US crypto exchange. Zksync (ZK), the newest addition to the listing roadmap, bills itself as “an ever-expanding verifiable blockchain network, secured by math.” The project is a ZK rollup, one of the two main types of rollup solutions that execute transactions outside of Ethereum’s blockchain but record the transactional data. ZK rollups run computations off the chain and then…

Why Is Ethereum (ETH) Losing Ground To Bitcoin? Key Report Explains ETH Struggles

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Este artículo también está disponible en español. Ethereum (ETH) is currently facing significant selling pressure and fear after a 23% decline, bringing its price down to yearly lows at $2,200. One major concern for investors is the ongoing underperformance of ETH compared to Bitcoin, a trend that has persisted since September 2022. Since then, Ethereum has fallen 44% against Bitcoin. Related Reading This dramatic drop has left investors and traders questioning the reasons behind Ethereum’s struggle. A recent report from CryptoQuant offers some clarity, pointing to several factors that may…

$295m liquidated as Bitcoin, Ethereum downtrend continues

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Crypto investors suffered the biggest liquidation in over a week as Bitcoin and most altcoins continued their downtrend.  Bitcoin and altcoins liquidations rise Data compiled by CoinGlass shows that total liquidations on Friday, Sep. 6, jumped to over $221 million, up from $72 million a day earlier. It was the biggest jump since Aug. 27 when liquidations soared to $281 million.  Bitcoin (BTC), the biggest cryptocurrency, led the liquidations with over $114 million; Ethereum (ETH), $72 million worth and Solana (SOL), $14 million. Bitcoin and other cryptocurrencies dropped as investors…

Experts label Ethereum Spot ETF a flop as IntelMarkets leads with Route X21

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ethereum’s Spot Ethereum ETF fails to meet analysts’ expectations. Meanwhile, the IntelMarkets platform announces its premier Route X21 upgrade. The approval of the Ethereum Spot ETFs by leading financial giants like Black Rock, Fidelity, and Invesco was expected to be a game-changing event for Ethereum (ETH). The DeFi community anticipated the move to bring billions of dollars of inflows into the ecosystem and push ETH to the next level.…

Ethereum and Ripple whales flock to Intel Markets, a new presale project

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Ethereum and Ripple’s whales are showing interest in Intel Markets, a rising star in the crypto market that could surge by 11x or more. As the crypto market prepares for a potential rally, whales are looking at new projects with fantastic growth potential. One such project is Intel Markets – a Stage 1 presale contender that could surge by 11x or higher in 2024. Even big whales from crypto…

Ethereum Enters Oversold Territory, Can The Pump Send It To $6,000?

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Este artículo también está disponible en español. Recent developments show that Ethereum has entered oversold territory. This is undoubtedly a bullish development for the second-largest crypto by market cap, as it looks set for a price rally that could send it as high as $6,000.  ETH Ready For Liftoff Having Entered Oversold Territory Crypto analyst Titan of Crypto suggested in an X (formerly Twitter) post that Ethereum is ready for liftoff, having entered oversold territory. He noted that historically, ETH sees a rally or a short-term pump whenever the relative…