Tag: Ethereum

Ethereum Analyst Shares Correlation With S&P500 – Last Dip Before It Hits $10,000?

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Este artículo también está disponible en español. Ethereum (ETH) stands at a critical turning point, with opinions split on its future performance this cycle. Some analysts argue that ETH will continue to lag, possibly underperforming against other assets like Bitcoin, which has shown strong momentum. However, others are optimistic, believing Ethereum is poised for an aggressive rally, especially if it can establish a solid bounce from current lows. Related Reading Renowned crypto analyst Ali Martinez has shared a compelling technical analysis, highlighting a correlation between ETH and the S&P 500.…

‘It’s so Early’ How Solana (SOL) Is Competing with Ethereum (ETH) for Institutional Interest

“BlackRock’s BUIDL is based on Ethereum, and for what they’re trying to build, I think that’s perfectly fine,” Wald added, but any kind of projects with high-volume transactions, like real-time payments or trading, might struggle. “If we’re talking about a more sophisticated on-chain fund, or a financial platform, then there’s a real opportunity for Solana.” Source

Rooch network co-founder robbed in Bangkok ahead of Ethereum Devcon

A crypto co-founder was robbed in Bangkok while traveling there to attend the 2024 Ethereum Devcon conference.  Haichao Zhu, co-founder of Bitcoin application Rooch Network, urged Ethereum Devcon attendees to exercise caution in a Nov. 5 X post after being robbed at knifepoint in Bangkok, Thailand. According to Zhu, he was attacked while he was traveling alone after his late-night arrival in Bangkok. The assailants stole his phone and left him with a minor scratch on his hand. Zhu remained unharmed but expressed disappointment with the local police response, sharing…

Michigan Pension Fund Invests $10 Million in Grayscale’s Ethereum ETFs

Reports indicate that the State of Michigan Retirement System recently invested over $10 million in ethereum exchange-traded funds (ETFs), specifically in Grayscale’s Ethereum Trust and its Ethereum Mini Trust. The Rise of Crypto in Retirement Portfolios In July, news surfaced that the State of Michigan Retirement System (SMRS) had also put funds into Ark Invest’s […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Ethereum Risk-To-Reward Ratio Is ‘Too Good To Pass Up’ – Top Analyst Sets $6,000 Target

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Este artículo también está disponible en español. Ethereum is trading at a critical demand level following an 11% pullback from recent local highs. This dip has analysts and investors on edge, as losing this level could trigger a wave of aggressive sell-offs, potentially driving ETH prices lower.  Amid this concern, however, prominent analyst Ali Martinez has shared an optimistic technical analysis, highlighting a strong risk-to-reward setup on the Ethereum chart. According to Martinez, the current level offers a compelling entry point, suggesting that Ethereum could see a significant upside if…

Ethereum Price Turns Red: Is This a Temporary Dip?

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Ethereum price started a fresh decline below the $2,550 support. ETH is struggling and might recover if it clears the $2,500 resistance zone. Ethereum started a fresh decline from the $2,650 resistance zone. The price is trading below $2,500 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if it surpasses the $2,500 and $2,550 resistance levels. Ethereum Price Takes Hit Ethereum…

Shockwave Ahead? Ethereum Could Crash Over 60%: Analyst

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Este artículo también está disponible en español. Like most digital assets, Ethereum witnessed a correction this week by losing over 5% in the last 24 hours while trading just above $2,500. While the increased on-chain activity could eventually make the bulls bet for the bounce back of Ether, a few experts differ with this perspective. Crypto veteran analyst Peter Brandt predicts further downfall in Ether to the extent of loss of over 60% from its present price, with no indication of changing. Currently, Ether is trading at a 42-month low.…

Ethereum Must Stay Above $2,480 For This Bullish Signal To Hold True – Analyst

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Ethereum (ETH) exhibited a dual-phased market movement in the last week rising by over 9% to reach a local peak of $2,711 on October 30, before declining by an almost similar measure. As the prominent altcoin now hovers around the $2,500 price mark, crypto analyst Ali Martinez has highlighted an important market condition that could ignite a price rebound. Ethereum Buy Signal Subject To Vital Price Support In an X post on November 1, Martinez stated that TD Sequential has indicated a buy signal on the ETH 4-hour chart. For…