Tag: Ethereum

Ethereum Price In Danger? Metalpha Withdraws 10,000 ETH From Lido To Binance

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Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking”…

Ethereum Price Wobbles As Inflation Sees 210,000 Added To Circulation

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Recent market dynamics have again brought Ethereum’s supply into the spotlight and reiterated concerns about its inflationary trend. Earlier this year, Ethereum reached a significant milestone in its circulating supply, surpassing 120 million ETH and the number continues to grow. Unlike other prominent cryptocurrencies such as Bitcoin and Cardano, which have fixed supply caps, Ethereum was designed with an unlimited supply of tokens. This fundamental difference makes Ethereum an inherently inflationary asset, one that has a continuously increasing supply. On-chain data from Ultrasound.money has shed light on the growing supply…

Bitcoin ETFs See $36M Inflows as Ethereum Funds Shed $15M

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Recent data from U.S.-based bitcoin and ethereum spot exchange-traded funds (ETFs) collected by sosovalue.xyz reveal a mixed bag for these popular assets. On Friday, bitcoin ETFs added around $36 million, while ethereum funds experienced a $15 million dip. Mixed Results for Crypto ETFs: Bitcoin Gains $36M, Ethereum Drops $15M Ether ETFs, in particular, saw further […] Original

Ethereum Price Could Plunge To $1,200 In December, Says Expert

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Ethereum (ETH) price has struggled amid another market shakeout. The second-largest cryptocurrency by market capitalization fell below the $2,600 support zone for the third time in the past week, prompting crypto analysts to evaluate the next levels to watch out. Related Reading ETH’s Key Support Zone To Watch Out The crypto market has seen several retraces throughout the cycle, with cryptocurrencies like Ethereum significantly decreasing from its Q3 opening. Since July 1, the “king of altcoins” has seen a 24% drop from the $3,400 support level. Following its fall below…

Is Ethereum Poised for Inflation? Supply Reaches New High as Staking Takes Off

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While Ethereum hasn’t been quite consistent with its bullish trajectory in the past weeks, its circulating supply has done the opposite. According to data from Ultrasoundmoney, ETH’s circulating supply has skyrocketed to over 120.72 million ETH as of today. Although this increase in supply is not straightforwardly negative for ETH, it still marks a notable shift in the network’s dynamics, fuelled largely by adopting Ethereum’s proof-of-stake (PoS) model. Supply Increase, How And Why? The surge in Ethereum’s total supply to 120.72 million ETH, as shown in the data from Ultrasound.money,…

Bitcoin ETFs See $81M Outflow as Ethereum ETFs Cash In

On Wednesday, U.S. spot bitcoin exchange-traded funds (ETFs) saw an outflow of $81.36 million, while spot ethereum ETFs experienced a brighter day, bringing in $10.77 million during the trading session. Crypto ETFs Clash: Bitcoin ETFs Stumble With $81M Loss, Ethereum Funds Pull in $10.77M After enjoying two days of steady inflows, spot bitcoin ETFs faced […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Ethereum Price Struggles to Sustain Gains: Is the Uptrend in Trouble?

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Ethereum price struggled to clear the $2,750 resistance. ETH is now consolidating near $2,635 and remains at risk of more downsides. Ethereum started a fresh decline from the $2,750 resistance. The price is trading below $2,700 and the 100-hourly Simple Moving Average. There was a break below a key contracting triangle with support at $2,695 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it drops below the $2,635 support zone. Ethereum Price Slides Again Ethereum price started a decent increase from the…

Ethereum Price To Hit New All-Time High If This Happens: Analyst

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Crypto analyst Poseidon (@CryptoPoseidonn) has released a detailed price prediction for Ethereum (ETH). His analysis, delivered to his 123,000 followers on social media platform X, revolves around the pivotal $2,160-$1,900 price range which has historically served as a significant high-timeframe (HTF) support since the summer of 2021. ETH Price Analysis: $8,000 Is Possible If … According to Poseidon, Ethereum recently retested what he describes as the “most crucial support level on the chart” after a significant breakout earlier in the year. This price zone has consistently acted as a key…

Ethereum (ETH) Whale Purchase New Cryptocurrency At $0.001777 For PEPE-Like Gains

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Recently, an Ethereum (ETH) whale made headlines by investing in a new cryptocurrency, Mpeppe (MPEPE), at a notable price point of $0.001777. This move has sparked widespread interest, drawing comparisons to the successful trajectory of Pepecoin (PEPE). Let’s explore why this whale’s investment in Mpeppe (MPEPE) is generating buzz and what it could mean for future gains. Ethereum (ETH) Whale’s Strategic Investment: What’s Behind the Move? A Significant Purchase at $0.001777 The whale’s acquisition of Mpeppe (MPEPE) at $0.001777 has captured the attention of the crypto community. This price point…