Tag: Ethereum

Ethereum Price Retests $2,350: Is a Bounce In The Cards?

Ethereum price extended losses and tested the $2,350 support. ETH is now consolidating and might aim for a fresh increase above the $2,400 resistance. Ethereum started a downside correction below the $2,400 zone. The price is trading just above $2,420 and the 100-hourly Simple Moving Average. There was a break below a short-term rising channel with support at $2,425 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,350 support level to start another increase in the near term. Ethereum Price Dips Further…

Standard Chartered Analysts Says Ethereum Price Will Reach $10,000 If This Happens

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Este artículo también está disponible en español. Analysts at British multinational bank, Standard Chartered have predicted that the price of Ethereum (ETH) could potentially climb to $10,000 in response to the anticipated political changes set to take place following the upcoming United States (US) Presidential elections. Standard Chartered Predicts Ethereum To $10,000 In a research note by the head of Standard Chartered crypto research, Geoffrey Kendrick, Ethereum could experience a dramatic rise to $10,000 if Donald Trump, the former US President wins the upcoming election.  Related Reading Delving into the…

$6 Million ETH Sale: Ethereum Foundation Joins Whale Liquidation Frenzy

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The Ethereum Foundation was at the center of attention recently concerning a liquidation plan it has set in place to sell parts of its Ether balance. According to the on-chain tracker Lookonchain, a wallet linked to the foundation moved 2,500 ETH, valued around $6 million, to the exchange Bitstamp on October 8, 2024. This is part of an increasing trend in which large holders, colloquially known as “whales,” are selling their holdings in the face of this volatile market environment. A whale deposited 11,456 $ETH($27.8M) to #Binance in the past…

Will Ethereum Soar To $6,000 Or Dive To $1,600?

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Este artículo también está disponible en español. Ethereum (ETH) has seen significant volatility in recent weeks, dropping from a one-month high of nearly $2,730 at the end of September to around $2,400, raising concerns about the medium-term price sustainability of the second-largest cryptocurrency by market capitalization. Ethereum Rally To $6,000 If $2,300 Support Holds Ethereum has fallen 7% in the past two weeks, with a key support level now at $2,300. This support is crucial for bullish investors hoping for a resurgence that could push ETH to new all-time highs.…

Spot Bitcoin and Ethereum ETFs experience joint outflow day

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Spot Bitcoin ETFs in the U.S. broke their two-day inflow streak on Oct 8, registering a day of negative flows, while spot Ether ETFs followed suit, logging outflows after a day of stagnation. According to data from SoSoValue, the 12 spot Bitcoin ETFs saw net outflows totaling $18.66 million, signaling a potential shift in investor sentiment amid a broader market slowdown. This decline comes after these funds collectively attracted an impressive $260.78 million in inflows over the previous two days. Fidelity’s FBTC and Grayscale’s GBTC lead outflows Fidelity’s Bitcoin ETF…

Ethereum Price at Support: Will It Bounce or Break?

Ethereum price corrected gains and tested the $2,400 support. ETH is now consolidating and might aim for a fresh increase above the $2,465 resistance. Ethereum started a downside correction below the $2,500 zone. The price is trading just above $2,430 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with support at $2,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,400 support level to start another increase in the near term. Ethereum Price Holds Support Ethereum price…

Binance To List New Ethereum Layer-2 on Exchange’s First Pre-Market Trading Launch

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Binance, the largest digital asset exchange in the world, is about to list its first pre-market altcoin for trading. In a blog post, the exchange says it is listing the new Ethereum (ETH) layer-2 Scroll (SCR) on the Binance Pre-Market platform, a service announced last month that allows users to acquire tokens in advance of their official spot listing. Says Binance, “Binance will be the first platform to list the token mentioned herein, with Pre-Market trading starting at 2024-10-11 10:00 (UTC). Any claims to offer this token for sale before…

Ethereum L2 Platform Linea Integrates Chainlink’s Cross-Chain Protocol 

The layer two platform Linea has teamed up with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to offer developers a more secure and seamless environment for creating decentralized applications. This collaboration seeks to overcome common issues like cross-chain security and scalability. Linea Expands Ecosystem With Chainlink’s CCIP Linea, an Ethereum layer two (L2) network, recently shared news […] Source CryptoX Portal