Tag: Ethereum

Ethereum Freefalls 20% Following $600 Million ETH Liquidation

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Ethereum has been on a wild ride lately. The cryptocurrency took a nosedive and crashed to a point where ETH changed hands around $2,550, having lost more than 20% of its value in the last 30 days. But despite this massive liquidation, Ethereum’s price forecast still looks rosy. According to Cryptorphic, Ethereum’s future could see it rebound, and that critical support levels create a leeway toward a bullish turn. Related Reading There are a couple of critical reasons for such a slump, especially in the last weeks. According to a…

Ethereum Price Stages a Comeback, But Lacks the Bullish Punch

Ethereum price started a recovery wave from the $2,400 zone. ETH is now struggling to gain pace for a move above the $2,600 resistance zone. Ethereum started a recovery wave above $2,500 and $2,550. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above $2,485 to start another increase in the near term. Ethereum Price Attempts Recovery Ethereum price…

Ethereum Will Remain Bearish Until This Key Trading Reading Changes

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Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com,…

Ethereum ETFs outpace Bitcoin, but new entry BitNance offers an alternative

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Ethereum ETFs gain traction and Bitcoin loses momentum, investors are turning to new and emerging tokens. We’re a month into the launch of Ethereum ETFs and current data shows that Ethereum is gradually making headway in the ETF space. Meanwhile, Bitcoin ETFs have lost some of the momentum they initially had. Numbers wise, however, Bitcoin still has the upper hand with $49 billion in assets, while Ethereum ETFs…

$320 Wiped Out As Bitcoin, Ethereum Nosedive

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After touching recent highs of $64,653 for Bitcoin and $2,815 for Ethereum, in a sudden move backward, the cryptocurrency market had sharply backpedaled on Thursday, with Bitcoin shedding more than 6% and Ethereum dropping more than 7%. Related Reading This sudden fall has left many analysts and investors wondering about the future course of some of the top digital assets, hence underlining how volatile the market is wrought by macroeconomic events and changing mood among investors. 📊 Crypto’s latest retrace is coming after longs were pouring in on exchanges like…

Ethereum Price Hints at Recovery: Is a Comeback in Sight?

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Ethereum price tested the $2,400 zone and recovered some losses. ETH must clear the $2,550 resistance zone to start a decent increase in the near term. Ethereum started a consolidation phase after a sharp decline to $2,400. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,555 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if it clears the $2,555 and $2,600 resistance levels. Ethereum Price Eyes…

Expert Warns Ethereum Faces A ‘Slow And Painful Death’

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Joe Consorti, an analyst at The Bitcoin Layer and advisor to self-custody app Theya, released an incisive critique on the future of Ethereum in comparison to Bitcoin, shedding light on why he believes Ethereum is facing a “slow and painful death.” Published on X, his analysis titled “The Slow & Painful Death of Ethereum” compares the two leading cryptocurrencies, emphasizing significant underperformance and declining market interest in Ethereum. Why Ethereum Is ‘Dying’ Consorti begins his analysis by highlighting the stark contrast in performance metrics between Ethereum and Bitcoin over the…

Massive liquidations rock Bitcoin and Ethereum — what’s next?

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What caused Bitcoin and Ethereum to plunge into a liquidation spiral? With traders losing millions, how did market conditions shift so quickly, and what’s next? The crypto market is playing a game of hide and seek, with Bitcoin (BTC) and Ethereum (ETH) leading the charge as they hover around key price levels. The entire crypto market has been in a state of distress, losing approximately 15% of its value between Jul. 29 and Aug. 28. The market cap has declined from $2.48 trillion to $2.11 trillion, reflecting the widespread bearish…

Ethereum creator seemingly donated $517k to mobile project ethOS

Vitalik Buterin has likely provided financial support to ethOS, a project promoted as the world’s first Ethereum mobile operating system. According to Arkham data, Ethereum (ETH) co-founder Vitalik Buterin sent 199.9 ETH, valued at over $517,000, to a Gnosis Safe multi-signature contract. The leading speculation is that Buterin’s transfer was a donation to the Ethereum phone project called ethOS. Built by pseudonymous developers at Freedom Factory, this open-source initiative was initially launched on select Android devices in late 2022 and redeployed the following year. ethOS is an Ethereum-native mobile operating…