Tag: Ethereum

Ethereum Slides But Flips Bitcoin In This Key Metric: Time To Load Up?

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Este artículo también está disponible en español. Ethereum is down nearly 35% from July highs and roughly 40% from 2024 peaks. While there is hope among holders that the coin will expand, breaking local resistance, the short-term trend favors sellers. From the daily chart, not only is ETH struggling to gain momentum and push above $2,800, but sellers have been relentless, diffusing any attempt higher. As the coin is capped below $2,500 at press time and actively aligning with the selling pressure of late August, Santiment analysts have picked out…

Ethereum Price Gains in Danger: Will the Decline Continue?

Este artículo también está disponible en español. Ethereum price is attempting a recovery wave above $2,420. ETH must clear the $2,500 resistance to continue higher in the near term. Ethereum is attempting a recovery wave from the $2,320 zone. The price is trading below $2,480 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,430 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,500 resistance to continue higher in the near term. Ethereum…

Crypto Exchange Hacker Moves $6,500,000 in Ethereum (ETH) to Digital Asset Mixer Tornado Cash: PeckShield

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An address connected to the hack of Indian crypto exchange WazirX is suddenly moving millions of dollars in Ethereum (ETH), according to the cybersecurity firm PeckShield. PeckShield says that the hacker transferred the ETH stash to Tornado Cash, a coin-mixing service that facilitates anonymous digital asset transactions. “WazirX Exploiter-labeled address has transferred 2600.1 ETH (worth ~$6.5 million) to Tornado Cash…” Source: PeckShield/X The stolen ETH was part of the July 18th hack of WazirX, which resulted in the theft of more than $230 million in digital assets. Blockchain tracking firm…

How Ethereum 2.0 Can Transform DeFi

For those who didn’t follow the case, the SEC believed ether (ETH) was sold as an unregistered stock, with concerns that it was being sold without following certain rules and protocols. However, Ethereum’s proponents argued that, since the network is decentralized, it does not meet the criteria of an investment contract or security. Source

Bitcoin and Ethereum Trading And Custody Services Rolled Out By Swiss Banking Giant ZKB

Este artículo también está disponible en español. Leading Swiss bank Zurich Cantonal Bank is the latest financial entity to enter the crypto waters in Europe, as it unveiled Bitcoin (BTC) and Ethereum (ETH) trading services on September 4, 2024. Swiss Banking Juggernaut To Offer Crypto Services In its press release published today, the bank said its customers can avail 24/7 cryptocurrency trading and custody services via its existing digital platforms such as ZKB eBanking and ZKB Mobile Banking. The fourth-largest Swiss bank with total assets under management worth $235 billion,…

Bitcoin, Ethereum whales accumulate despite market-wide selloff

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On-chain data shows increased accumulation from Bitcoin and Ethereum whales despite market-wide bearish momentum. According to data provided by IntoTheBlock, the number of large Bitcoin (BTC) and Ethereum (ETH) transactions, worth at least $100,000, started to increase on Sept. 1 after a set of constant declines in the last week of August.  BTC whale transactions – Sept. 4 | Source: IntoTheBlock The number of large BTC transactions surged from 13,100 on Sept. 1 to 18,000 on Sept. 3. Ethereum witnessed a similar momentum. Whale transactions consisting of at least $100,000…

Ethereum Price Downside Eases: Is Momentum Shifting?

Este artículo también está disponible en español. Ethereum price dived below the $2,420 and $2,400 support levels. ETH tested $2,300 and is now showing signs of a decent recovery wave. Ethereum is attempting a recovery wave from the $2,300 zone. The price is trading below $2,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,440 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,500 resistance to start a steady increase in the near term.…

Ethereum activity hit ATHs as fees plunge 99%

Ethereum (ETH) on-chain activity reached new highs this year as mainnet transaction fees dropped by over 90%. Token Terminal data showed that Ethereum (ETH) revenue has fallen by 99% since March, reaching one of the lowest levels in the blockchain’s history. This revenue is generated by fees for executing transactions on Ethereum’s main blockchain. Simultaneously, ETH on-chain swaps soared to new all-time highs this year, according to L2Beat analytics. Syncracy Capital co-founder Ryan Watkins described these developments as bullish for Ethereum’s chain and decentralized finance. Ethereum onchain activity reaching new…

Ethereum ETF Couldn’t Save ETH From Falling, ETH Whales Search For New 100X Dreams

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Este artículo también está disponible en español. The cryptocurrency market has been anything but kind to Ethereum (ETH) lately. Despite the highly anticipated launch of Spot Ethereum ETFs, which many believed would bolster the asset’s price, Ethereum continues to struggle, casting doubts on its short-term potential. As the price of ETH remains trapped in a bearish trend, large investors, or “whales,” are beginning to seek out new opportunities for massive returns—enter Mpeppe (MPEPE), a rising star in the crypto space. Mpeppe (MPEPE) Captures the Attention of Ethereum Whales As Ethereum’s…