Recently, the Ethereum Foundation made a significant transaction involving millions of Ethereum (ETH) tokens. Crypto journalist Colin Wu shared on social media that a wallet linked to the Ethereum Foundation transferred a substantial amount of ETH to a new address. The transfer of 18,089 ETH, equivalent to $64.4 million, has raised concerns within the crypto
Ethereum
Recent discussions among industry experts have shed light on the anticipated timeline for the commencement of trading for Spot Ethereum ETFs. Bloomberg analysts Eric Balchunas and James Seyffart have provided updates on their expectations regarding the launch of these funds. Balchunas took to social media to communicate that they have adjusted their forecasted launch date
Ethereum has recently experienced a surge in withdrawals from centralized exchanges, indicating a positive sentiment among crypto investors. Notably, the amount of ETH being withdrawn from exchanges has reached its peak in 2024, with both small and large investors participating in this trend. The largest crypto exchange in the United States, Coinbase, witnessed a significant
Ethereum has experienced a significant price drop of approximately 15% from the highs of March 2024. This downward pressure has erased all the gains that were achieved from May 20. Despite this bearish trend, on-chain data suggests that there is a positive outlook for Ethereum. An analyst highlighted a surge in ETH demand, particularly from
Ethereum’s price struggled to recover above the $3,650 resistance level, signaling bearish signs for the cryptocurrency. Despite an initial attempt to rally, ETH failed to gain momentum and settled below the key resistance level. Following the failed recovery, Ethereum experienced a fresh decline below the $3,550 support zone. The price is now trading below $3,550
Ethereum faced a major setback as it failed to break through the $3,720 resistance level. This led to a downward trend, pushing the price below $3,650 and the 100-hourly Simple Moving Average. The inability to surpass key resistance levels has put ETH at risk of further losses, potentially dropping below the $3,550 support zone. ETH
The recent surge in Ethereum (ETH) price, nearing the $4,000 mark, has sparked renewed market enthusiasm and inflows into the cryptocurrency space. This positive momentum follows the US Securities and Exchange Commission’s (SEC) approval of Ethereum ETF applications by major asset managers. According to a report by CoinShares, digital asset investment products have seen a
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently experienced a significant price movement. The price of ETH has fallen below the 4-hour Simple Moving Average (SMA), indicating a potential shift in market sentiment from bullish to bearish. This development is crucial for traders and investors as it could signal increased selling pressure and
Recently, Ethereum price experienced a downside correction starting from the $3,885 resistance zone. This correction has caused ETH to drop below $3,800 and there is a possibility that it might continue to slide towards $3,720. Ethereum faced a pullback after failing to clear the $3,880 resistance level. Currently, the price is below $3,840 and also
VanEck, a prominent asset manager, recently revised its prediction for the price of Ethereum (ETH) by the year 2030. The firm now believes that Ethereum could potentially reach $22,000 by the end of the decade, a significant increase from their previous prediction of $11,800. This upward revision is based on several factors that VanEck has
