Following the latest FOMC Meeting, Ethereum, the second-largest cryptocurrency, experienced a downturn in Thursday’s trading session amid market volatility. The price of ETH plummeted by 3% intraday, breaching the crucial $2300 support level. Despite the challenging market conditions, Ethereum continues to advance its core changes, notably with the upcoming 2024 […]
Tag: Ethereum
ETHEREUM CLASSIC PRICE ANALYSIS & PREDICTION (February 1) – ETC Remains Strong Despite Latest Market Drops
As most top altcoins turn red today, Ethereum Classic remains strong on the daily but has retraced briefly. Buying pressure is still intact following a 10% gain in the last 7 days. This month, ETC witnessed a massive surge in volatility and tapped $32.4. The price pulled back from that […]
Ethereum Surges To $2,345 Amid Growing Network Activity And Investor Confidence
For the first time since its decline started on January 22, Ethereum’s value has reached $2,345. The network is expanding and adding active addresses at a commendable rate. A growing $ETH market cap is mostly justified by increased utility. 📈 #Ethereum has returned to a $2,345 value for the first […]
ETHEREUM PRICE ANALYSIS & PREDICTION (January 31) – ETH Climbs Back After Testing Crucial Support Level, Sits At $2,300
Ethereum, ETH bounced 3% weekly to retest a key price level after declining for two weeks. It looks strong in the 4-hour time frame but is currently calm as it faces resistance. However, it charges for more gains. After witnessing a series of highs and lows this month, Ethereum showed […]
Polygon Nearly Matches Ethereum In User Acquisition in 2023, Adds 2.8 Million Users This January
In 2023, Polygon, a Layer-2 scaling network for Ethereum, came close to rivaling Ethereum in crypto user acquisition, as per data from blockchain analytics firm Flipside. The gap between Polygon and Ethereum was narrow, with Polygon gaining an impressive 15.24 million users compared to Ethereum’s 15.4 million. NEW: Polygon acquired […]
Bitcoin Wallet Liquidations Signal Capitulation Among Traders
Recent data indicates a notable decline in the total number of Bitcoin wallets, marking the swiftest rate since early October, just before the major crypto bull cycle began. Over the past four days, more than 487,000 wallets holding 1 $BTC or less have been liquidated. This reflects a 0.94% decrease […]
Despite Massive Exchange Deposits Of Ethereum, ETH Staking Stats Hits 29,128,513.51 ETH
Ethereum’s price exhibited a decline below the crucial $2,240 support level, dipping briefly under $2,200 before finding support around $2,165. Similar to Bitcoin’s pattern, ETH established a short-term base and initiated an upward correction, currently trading at $2,205. Amidst the price fluctuations, Celsius continued to make notable deposits of Ethereum […]
Notable Recent Ethereum Crypto Whale’s Movement To Monitor
Whales in the crypto sphere have made significant moves with Ethereum ($ETH), as revealed by recent on-chain reports. Celsius Network, in a notable development, released a pledge of 202,090 ETH, equivalent to $445 million, and initiated a transfer to the address 0xDb3…0998d. This address has now accumulated a total of […]
Cryptocurrency Market Faces Contraction As Bitcoin And Ethereum Decline
The cryptocurrency market witnessed a notable downturn as Bitcoin slipped below the $40,000 mark, accompanied by Ethereum’s decline to a low of $2,303. Reports reveal significant movements of Ethereum by Celsius and FTX. Celsius Network initiated the transfer of 15,200 ETH ($36.04 million) to Coinbase and FalconX. Despite this movement, […]
ETHEREUM PRICE ANALYSIS & PREDICTION (January 22) –ETH Is Losing Momentum But Aims This key Level For A Rebound
Ethereum has been significantly down in the past week with a current 17.9% share of the market. Although, it remains bullish on the higher timeframe, looking for a support line to foot a fresh increase. After breaking higher to a multi-month high of $2,717 two weeks ago, Ethereum initiated a […]
Ethereum’s Varied Signals: Whales Accumulate Amid Foundation Sales
Recent Ethereum (ETH) market dynamics reveal a mixed picture, with reports of both selling and accumulation activities among major holders. Despite the Ethereum Foundation’s reported sale of 700 ETH for 1.684 million DAI at an average price of $2,422 over six days, whales are seizing the dip in ETH prices. […]
Whales Seize Opportunity To Accumulate Ethereum ($ETH) And ChainLink ($LINK) During Market Dip
The recent downturn in the cryptocurrency market, particularly impacting Ethereum (ETH) and ChainLink (LINK), has witnessed both tokens experiencing a dip, with ETH falling below the $2500 mark and LINK slipping below $15. Over the past 24 hours, ETH and LINK have seen losses of 3% and 4%, respectively. Interestingly, […]
Cardano ($ADA) Takes The Lead Over Ethereum ($ETH) With Surge In Big Transactions
In a noteworthy development, Cardano ($ADA) has emerged as a frontrunner in terms of the volume of substantial transactions over the last 30 days, outshining Ethereum ($ETH) in this unique aspect. This positive shift comes amid the broader market’s collective effort to break free from the persisting downtrend. According to […]
Altcoins Forge Distinct Paths Amid Bitcoin Spot ETF Approval Buzz
Following the recent milestone of Bitcoin Spot ETF approval, altcoins are displaying notable divergence in market dynamics: Ethereum Name Service (ENS) has witnessed an impressive surge, marking a remarkable 163% gain in the last month. ENS, propelled by positive remarks from Ethereum founder Vitalik Buterin, reached a peak of $27 […]
Crypto Market: Profit Levels Signal Potential Opportunities, Close Watch On ETH, BTC, XRP
As of the latest data, the XRP Ledger, Ethereum, and Bitcoin are all witnessing profit levels above 80%, a scenario not seen since March ’22. The current supply in profit for Bitcoin stands at 83%, Ethereum at 84%, and XRPLedger at 81%. Historically, these levels are considered high-risk profit zones, […]
Ethereum’s Market Dominance Surges As Bitcoin Consolidates After ETF Adoption
While Bitcoin’s price has been in a consolidation phase post ETF adoption, Ethereum is witnessing significant gains. Currently trading at $2,571, Ethereum’s market valuation has reached $308.97 billion, marking a 1.53% increase. According to Santiment data, Ethereum’s price dominance against Bitcoin has surged by +22.4% in the past week. This […]
ETHEREUM PRICE ANALYSIS & PREDICTION (January 16) – ETH Resumes Drops This Week After Losing 7% In Five Days, Can It Recover?
Ethereum saw a big breakout last week but failed to sustain the momentum. The price rolled back quickly and ended the week in the red. It resumed selling today with a 2% loss with a market dominance of 18%. The $2,700 range, which has been much-anticipated in the past months […]
ETHEREUM CLASSIC PRICE ANALYSIS & PREDICTION (January 12) – ETC Breaks To A New Monthly High As It Jumps 30% In A Day
Aside from ENS, which has stolen the show from Ethereum, ETC has joined the bullish party with an impressive gain in the last 24 hours. This has triggered a huge price explosion near its 17-month high. Following a solid bounce above $20 on the first day of the week, Ethereum […]