Tag: Ethereum

While Ethereum Shines, Analyst Reveals Top ‘Under-Radar’ Altcoin

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In a recent post on X, renowned crypto analyst Alex Wacy outlined his perspectives on the current state of the crypto market and his top pick for an “under-the-radar” altcoin following the recent price surge of Ethereum. Despite its position as the 9th largest cryptocurrency by market capitalization, Wacy remains bullish on the potential of Toncoin (TON), a third-generation blockchain. “Altseason is coming while Ethereum shines. Now is the time to pick your biggest bets with high conviction. L1s are about to boom, and here is my under-radar pick!” Wacy…

Is Solana Becoming The Preferred Choice For Ethereum Developers? SOL’s Uptrend Suggests A Shift

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Since trading firms like FTX collapsed in November 2022, the Solana blockchain has seen significant gains and regained investor confidence, with Ethereum developers increasingly migrating to it.  According to a recent analysis by Jack Inabinet, Senior Analyst at Bankless, with significant growth in key metrics and SOL’s year-to-date increase of 770%, Solana has solidified its position as a top-tier blockchain. Native teams within the Solana ecosystem played a key role in its resurgence, but now non-native protocols are also seizing the opportunity.  Developers Deliver On Hype Solana’s comeback, from a…

ETH/BTC Bounces From A 7-Year Support Trend Line: Ethereum To $4,900?

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After a crucial week for Ethereum, a technical candlestick arrangement shows that ETH prices could prepare for a sharp upturn in the coming weeks and months. Pointing out events in the monthly chart, one analyst notes that the ETH/BTC ratio reverses from a multi-year support trend line. Usually, the analyst continued, when prices bounce from this line, altcoin prices tend to react, trending higher.  ETH/BTC Rising From Crucial Support Trend Line The ETH/BTC is a ratio closely monitored by technical analysts. It compares the performance of the world’s first and…

Altcoin Season Soon? Quant Says This Ethereum Pattern Could Suggest So

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A quant has explained how a pattern currently forming in the Ethereum Open Interest could imply the altcoin season is coming “sooner than expected.” Altcoin Season May Be Approaching Soon Based On Ethereum Pattern In a CryptoQuant Quicktake post, an analyst has discussed about why an altcoin season may be coming soon for the cryptocurrency sector, based on a trend taking place in a couple of Ethereum and Bitcoin indicators. The first metric of relevance here is the “Open Interest,” which keeps track of the total amount of derivatives positions…

Ethereum Price Sets Sights on New Peaks: Anticipating a Bullish Breakout

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Ethereum price is again moving higher above the $3,800 resistance. ETH is now consolidating near $3,850 and is eyeing an upside break above $4,000 in the near term. Ethereum started a fresh increase above the $3,750 resistance. The price is trading above $3,750 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up unless there is a break below the $3,540 support. Ethereum Price Remains…

Bloomberg Analyst Predicts Ethereum Spot ETFs To Attract 25% Of BTC Demand

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Following the sudden approval of the Ethereum Spot ETF last week, speculations continue to roll in on the potential performance of these funds ahead of their debut trading session. Most recently, renowned Bloomberg ETF analyst, James Seyffart has weighed in on the subject giving his thoughts on the possible level of investments the Ethereum spot ETFs could pull in relation to their Bitcoin-based equivalents. Related Reading ETH Spot ETF Limited By Ethereum’s Utility And Other Factors – Analyst In an interview session on X on May 24 hosted by Bitwise…

Ethereum outlook bullish after ETF approval despite retreat

Days after hitting a month-high of $3,943, the price of Ethereum (ETH) has begun to correct.  The initial rise followed the U.S. Securities and Exchange Commission (SEC) approving applications from NASDAQ and the NYSE to list Ethereum exchange-traded funds.  Although ETF issuers still need final approval before their products can launch, the SEC’s May 23 decision marked a significant and unexpected victory for firms that had made applications and the broader crypto industry.  Until Monday, many had anticipated regulators would reject the filings. Nine issuers, including VanEck, ARK Investments/21Shares, and…

Lido (LDO) Takes The Lead With 13% Surge Post Ethereum ETF Approval

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Lido (LDO), the liquid staking protocol for the Ethereum (ETH) and Polygon (MATIC) blockchains, has seen a significant price spike in the last 24 hours following the long-awaited approval of spot Ethereum ETF applications by the US Securities and Exchange Commission (SEC) on Thursday. The protocol’s native token, LDO, has successfully regained the $2.30 level and is looking to break out of its one-month downtrend structure that has been in place since the market correction in April.  LSD Sector Set To Soar With Ethereum ETF Approval? As reported by our…