Tag: Ethereum

Ethereum (ETH) Eyes $3,000: Data Suggests Imminent Breakout

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Ethereum is in a classic accumulation phase following its recent correction and is now targeting a $3,000 price. After dropping to $2,116 just 20 days ago, ETH experienced a significant price surge, recovering to higher levels, suggesting bullish momentum was building.  Related Reading This accumulation phase has drawn the attention of analysts and investors alike, who are now closely monitoring Ethereum’s price action for signs of a more significant move to the upside. The recovery from recent lows has sparked renewed optimism, with some market experts predicting that ETH could…

Crypto Pundit Predicts Ethereum Price Rise To $3,000, But A Crash Could Happen First

Crypto analyst CrediBULL Crypto has provided deep insights into what to expect from the Ethereum price action going forward. The analyst predict that the second largest crypto token by market cap will still rise to $3,000 but noted that a crash will happen first.  Ethereum To Rise To $3,000 Soon Enough In an X (formerly Twitter) post, CrediBULL Crypto shared a chart that showed that Ethereum would rise to $3,000 sometime in September. However, the analyst’s chart also showed that Ethereum will drop below $2,500 before it enjoys this move…

Ethereum ETFs Have Bled Money, but That’s Not the Whole Story

BlackRock’s iShares Ethereum Trust (ETHA) just passed $1 billion of net inflows, making it the seventh-most-successful ETF launch this year, according to Nate Geraci, president of the ETF Store. Fidelity’s Advantage Ether ETF and the Bitwise Ethereum ETF have taken in $390 million and $312 million, respectively, according to data from Farside Investors. Source

Can Ethereum regain momentum and outperform Bitcoin in 2024?

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Ethereum has outperformed Bitcoin in terms of price performance, especially when looking at time frames since its inception, halving years, and bull market periods. However, ETH has consistently underperformed since the bear markets of 2018-2019 and 2022-2023. In the 2024 halving year, for the first time, Ethereum is considerably trailing behind Bitcoin. In fact, it has been underperforming against Bitcoin for the past three years. ETH/BTC ratio plummets to 3.5-year low Although fractals, a concept where similar patterns repeat over different timeframes, are not a foolproof method for predicting future…

Here’s why Ethereum ETF inflows are lagging behind Bitcoin

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Spot Ethereum exchange-traded funds, or ETFs, had seven consecutive days of outflows shedding over $5.7 million in assets on Friday, Aug. 23, bringing the cumulative figure to $464 million, data by SoSoValue shows. Cumulative net assets locked in these Ethereum (ETH) ETFs stand at about $7.65 billion. The Grayscale Ethereum Trust has $5 billion followed by the Grayscale Mini Ethereum Trust with $1.01 billion. It is followed by ETFs from Blackrock, Fidelity, Bitwise, and VanEck. Institutional investors reluctance In a note to Bloomberg, crypto analyst Noelle Acheson noted that many…

300,000 Ethereum Transfer Sparks Shock At Leading US Exchange

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In a new development that is creating ripples in the cryptocurrency space, Whale Alert, one of the top blockchain trackers, has detected two huge Ethereum (ETH) transfers heading to Coinbase. Each transfer involved 150,000 ETH, totaling a staggering 300,000 ETH at nearly $395 million. These transactions were carried out consecutively. Related Reading Ethereum: Market Reaction And Speculation Big movements typically spark speculation. Large cryptocurrency flows into Coinbase mean the sender may be selling. Increasing availability could lower market prices. Despite Ethereum’s 3.25% 24-hour increase, huge transactions keep traders apprehensive. 🚨…

NFT Sales Soar 24% as Ethereum Takes the Lead This Week

Based on the metrics collected from Aug. 17 to Aug. 24, 2024, the non-fungible token (NFT) market experienced a lively 24.33% boost in sales compared to the previous week. Sales reached an impressive $99.05 million, with Ethereum-based NFTs leading the charge at $36.62 million. NFT Market Booms With Ethereum at the Helm Reaching $99M in […] Source CryptoX Portal

Solana outpaces Bitcoin, Ethereum; broader market gains 3.6%

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The broader crypto market has seen its value grow by 3.6%. Solana leads the push among high market-cap cryptocurrencies after registering a 10.2% uptick in the last 24 hours. Data from crypto.news shows that, at last check, Solana (SOL) was priced at $158.25. It spent the previous day oscillating between a low of $142.78 and a high of $158.58.  Solana price chart, May 1 – Aug. 24 | Source: crypto.news The uptick in the coin’s price was accompanied by a 24-hour trading volume of $4 billion occasioned by more than…

Ethereum Foundation Transfers 95 Million ETH, Price Rally To Stall?

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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…