The Ethereum Foundation recently made headlines with a significant transaction involving 18,089 ETH tokens, amounting to $64.4 million. The transaction, revealed by crypto journalist Colin Wu in a social media post, showed that the funds were transferred to a new address. The movement of such a large amount of ETH by the non-profit organization has
Ethereum
The debate over the exact start date of the Spot Ethereum ETFs has been gaining momentum. Analysts Eric Balchunas and James Seyffart from Bloomberg recently provided an update on their projections for when these funds might enter the market. In a tweet, Balchunas mentioned that they are now looking at July 2nd as the potential
Recent data points to a concerning downward trend in the price of Ethereum, with a significant 15% drop from March 2024. Despite this, on-chain data suggests a more bullish outlook for the cryptocurrency. Analysts have observed a spike in ETH demand, particularly from permanent holders, who are often institutional investors with substantial resources at their
The recent surge in ETH withdrawals from centralized exchanges indicates that crypto whales are anticipating a price recovery for Ethereum. Analysts have noted a significant decrease in the amount of ETH held on exchanges, reaching levels not seen since 2016. This trend is attributed to both small and large investors withdrawing their holdings, leading to
Ethereum price has struggled to recover above the $3,650 resistance level, indicating a bearish trend in the market. The failed attempt to surpass this key resistance has led to a decline in ETH value below the $3,550 support zone. This downward movement has raised concerns among investors and traders about the future performance of Ethereum
After failing to clear the $3,720 resistance, Ethereum has faced another decline, posing a risk of further losses below the $3,550 support zone. The cryptocurrency initiated a fresh decline from the $3,720 resistance area and is currently trading below $3,650 and the 100-hourly Simple Moving Average. The presence of a key bearish trend line with
The recent surge in Ethereum’s price, nearing the $4,000 mark, has created a wave of market enthusiasm. This positive sentiment has been further fueled by the SEC’s approval of Ethereum ETF applications submitted by major asset managers. As a result, digital asset investment products have seen an influx of $2 billion, marking a five-week streak
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently seen a dip below the 4-hour Simple Moving Average (SMA). This technical indicator holds significance for traders and investors alike, as it is often used to assess short-term market momentum. When a cryptocurrency’s price falls below the 4-hour SMA, it can indicate a potential shift
Ethereum price recently experienced a downside correction after failing to break past the $3,885 resistance level. This correction has led ETH to drop below $3,800 and it could potentially slide further towards $3,720 in the near future. The failure to surpass the $3,880 resistance sparked this pullback, with the price currently trading below $3,840 and
Recently, asset manager VanEck made headlines with its revised prediction for Ethereum (ETH) and the significant price it believes the second-largest crypto token could reach by 2030. In a surprising turn of events, VanEck now predicts that Ethereum could potentially reach an impressive $22,000 by the year 2030. This revised forecast is a significant increase