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Ethereum News
Zycrypto
1h
102
Image Credit: Zycrypto
Ohio’s House of Representatives Passes Crypto Bill to Allow $200 Tax Free Threshold for Crypto Transactions
- Ohio's House of Representatives passed a bill incentivizing crypto use, exempting transactions below a $200 threshold from capital gains tax.
- The bill aims to encourage the use of Bitcoin as currency for everyday purchases.
- The legislation, titled House Bill 116, passed with a vote of 70-26 as the Ohio Blockchain Basics Act.
- The bill needs approval from the Senate and Ohio Governor Mike DeWine to become law.
- The bill, sponsored by Representative Steve Demetriou, aims to facilitate crypto use and protect the mining industry from excessive government control.
- House Bill 116 passed after the Genius Act, providing stability to the stablecoin market, was passed at the federal level.
- Ohio intends to attract crypto entrepreneurs with incentives to enhance its economy.
- The bill proposes regulations for crypto mining, allowing operations in residential and industrial areas with noise restrictions and protection from rezoning.
- Ohio has also introduced the Strategic Bitcoin Reserve bill to invest public funds into Bitcoin.
- States like New Hampshire and Arizona have passed Bitcoin Treasury laws, while federal legislation aims to create a Strategic Bitcoin Reserve funded by seized assets.
- An alignment of state and federal laws could benefit blockchain companies and consumers by providing regulatory clarity.
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Coindoo
2h
206
Image Credit: Coindoo
Ethereum ETF Inflows Slow to $19M After $1.5B Five-Week Streak
- Ethereum ETF inflows have slowed to $19 million following a five-week streak of nearly $1.5 billion in cumulative net inflows.
- BlackRock's Ethereum ETF (ETHA) remains the front-runner, with $15.1 million in inflows, holding $5.3 billion in cumulative inflows and $4.19 billion in net assets.
- Grayscale Ethereum Mini Trust also saw modest gains, with $4 million in daily inflows, reaching cumulative net inflows of $738.6 million and $1.32 billion in net assets.
- Although the inflows have decreased from previous highs, Ethereum ETFs are still attracting capital at a slower pace as the market consolidates.
- Traders are awaiting further catalysts in the Ethereum market.
- The significant slowdown in Ethereum ETF inflows comes after a period of impressive growth.
- BlackRock's ETHA leads in both cumulative inflows and net assets among Ethereum ETF offerings.
- Grayscale Ethereum Mini Trust ranks third overall among ETH ETF offerings.
- Ethereum ETFs are still appealing to investors despite the slower pace of capital inflows.
- Traders are monitoring the market for potential triggers that could impact Ethereum ETF investments.
- The article is from Coindoo and discusses the recent decline in Ethereum ETF inflows after a period of substantial growth.
- Inflows into Ethereum ETFs have decreased, signaling a potential shift in investor sentiment or market conditions.
- The data indicates that Ethereum ETF investments are still popular among investors, but the pace of capital inflows has slowed down.
- The market for Ethereum ETFs is evolving as traders adjust their strategies based on changing market dynamics.
- There is ongoing interest and activity in Ethereum ETFs, despite the recent slowdown in inflows.
- Investors are closely watching the Ethereum market for developments that could impact ETF performance.
- The article highlights the recent trend of declining Ethereum ETF inflows after a period of significant accumulation.
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Crypto-News-Flash
2h
101
Image Credit: Crypto-News-Flash
Solana Joins Bitcoin and Ethereum in ICP Integration for Cross-Chain Smart Contracts
- Dfinity’s Internet Computer Protocol (ICP) integrates Solana alongside Bitcoin and Ethereum for cross-chain smart contracts.
- ICP's Chain Fusion technology enables developers to build 'canisters' that interact with Solana without middleman bridges.
- The integration enhances Solana's DeFi potential and allows for decentralized interactions across Bitcoin, Ethereum, and Solana.
- The SOL RPC canister integration marks a significant advancement in cross-chain functionality.
- The upgrade is expected to attract DeFi liquidity and capitalize on Solana's 4.8 million daily active users.
- Price forecasts for Solana in 2025 suggest a potential rise to $400, driven by optimism and technical indicators.
- The integration can strengthen Solana's position, possibly leading to a climb towards $500 under favorable market conditions.
- Despite being a top 6 cryptocurrency, Solana (SOL) is currently priced at $145.30.
- The current SOL price shows a 0.50% daily decline and an 8.54% drop over the past week.
- Solana's strong price base and sizable user community align well with ICP's cross-chain strategy.
- Short-term volatility remains, but long-term prospects for Solana appear strong with ICP-powered interoperability.
- Risks like network congestion or regulatory scrutiny could limit SOL's gains, potentially leading to lows near $250 if bearish trends prevail.
- The news highlights the increasing importance of cross-chain collaboration in the blockchain space.
- The integration of Solana into ICP's ecosystem presents new opportunities for DeFi and smart contract development.
- The article focuses on the market implications for Solana following its integration with ICP.
- The completion of the ICP roadmap's Helium milestone enables seamless interactions between Solana and ICP via the SOL RPC canister.
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TronWeekly
2h
165
Image Credit: TronWeekly
Ethereum To $80K? Why Governments Might Hoard ETH Like Gold
- Ethereum (ETH) could become a critical global financial infrastructure asset by 2030, potentially driving global tokenization trends.
- U.S. national interests may align with defending Ethereum to support Treasury demand and financial superiority, leading to a potential Ethereum arms race among nations.
- Research analysts forecast over $20 trillion in assets to be tokenized by the end of the decade.
- Ethereum's role could extend beyond being just a blockchain and become the backbone of the global financial system.
- Stablecoins play a significant role in the U.S. financial system, with over $100 billion backed by U.S. Treasuries; Ethereum would play a crucial role in settling large capital flows if stablecoins hit $3.7 trillion by 2030.
- The control in Ethereum's Proof-of-Stake system is based on holdings, potentially leading to state-level influence, triggering a sovereign digital arms race for ETH accumulation.
- Ryan Watkins predicts ETH could reach $80,000 by 2030 through sovereign hoarding, driven by supply scarcity and increasing demand.
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TronWeekly
4h
73
Image Credit: TronWeekly
Ethereum Eyes $3,000 After Testing Critical Wyckoff Resistance Zone
- Ethereum (ETH) is consolidating tightly between $2,600 and $2,700, indicating a potential breakout.
- The Wyckoff accumulation pattern suggests ETH is testing critical 'Creek' resistance after passing key phases.
- A close above $2,700–$2,800 could propel ETH to $3,000, with $2,000 support crucial for bullish momentum.
- Ethereum is expected to make a significant price move as analysts observe mounting tension.
- Current price action shows Ethereum in a narrow range signifying an imminent breakout.
- Strong absorption of price wicks at both ends of recent candles indicates impending volatility.
- Breakout direction will likely be determined by higher timeframe candle closures.
- Merlijn The Trader uses Wyckoff accumulation theory, highlighting Ethereum's passage through key phases.
- Ethereum approaching Wyckoff's 'Creek' resistance signals a potential bullish journey.
- A convincing close above $2,700–$2,800 could usher in a new bullish phase, targeting $3,000 and beyond.
- Maintaining support at $2,000 is crucial for Ethereum's upward trajectory.
- Traders await confirmation of breakout to assess Ethereum's next significant move.
- Ethereum's technical position is at a critical juncture, with upcoming decisions likely shaping prices for weeks or months.
- Analysts emphasize the importance of market sentiment and $2,000 support in Ethereum's price trajectory.
- The impending breakout could lead to either a bullish surge or a bearish breakdown for Ethereum.
- Traders are advised to watch Ethereum closely for clarity on its future price direction.
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Cryptopotato
5h
106
Image Credit: Cryptopotato
Are Altseason Expectations Wishful Thinking? This Metric Hints So
- Analysts have been predicting the start of the altcoin season based on Bitcoin and Ether's price performance.
- CryptoQuant analysts suggest that expectations of an altseason in this cycle may be wishful thinking.
- Altcoins have been underperforming despite Bitcoin rallies and price spikes.
- The 1-Year Cumulative Buy/Sell Quote Volume Difference for Altcoins needs to turn positive for the altseason narrative to change.
- Currently, the metric is at -$36 billion, indicating a lack of altcoin investor activity.
- Altcoins are struggling even as Bitcoin consolidates around $104,000.
- Experts believe there is still hope for altcoins, with some pointing to Ether's potential breakout triggering an altseason.
- Some analysts see aligning altseason indicators and expect another leg up for Bitcoin.
- CryptoQuant founder anticipates only select altcoins rallying if an altseason occurs in this cycle.
- The dynamic of this bull season is viewed as different from past cycles.
- Analysts remain optimistic despite the current lackluster performance of altcoins.
- The 1-Year Cumulative Buy/Sell Quote Volume Difference for Altcoins remains a key metric to watch for altcoin market activity.
- Expectations for a full altseason or FOMO among altcoin investors may be premature without this metric turning positive.
- The fate of the altcoin market is closely tied to the performance of Bitcoin and Ether.
- Hope persists that altcoins could still see a significant rally in the future.
- The assessment questions the widespread expectation of an imminent altseason during this particular market cycle.
- Crypto market participants continue to monitor various indicators and metrics to gauge the potential for an altseason.
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TronWeekly
11h
147
Image Credit: TronWeekly
BlackRock BUIDL Fund Is Reshaping Crypto Collateral Markets
- BlackRock's BUIDL fund, used as trading collateral on Deribit and Crypto.com, holds $2.9 billion in tokenized Treasurys, offering low-volatility returns.
- Coinbase's acquisition of Deribit for $2.9 billion boosts BUIDL's adoption on centralized exchanges.
- BUIDL combines yield-bearing property with low volatility, bridging traditional finance and the digital asset ecosystem.
- Ethereum leads in tokenization with $5.7 billion of the $7.3 billion tokenized Treasuries market stored on its blockchain.
- BlackRock detailed plans to include BUIDL in trading systems like Binance and OKX, expanding its utility.
- BUIDL is praised for increasing market liquidity, asset transferability, and reducing counterparty risk with BlackRock's institutional credibility.
- Six companies, including BlackRock, control over 88% of the tokenized Treasurys market, raising concerns about centralization.
- The convergence between traditional finance and crypto is accelerating, with BUIDL marking a significant milestone.
- Overall, the introduction of BUIDL is reshaping crypto collateral markets and driving greater adoption of tokenized assets.
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TronWeekly
20h
85
Image Credit: TronWeekly
Crypto Market Faces Sharp Decline Amid Global Uncertainties
- The global cryptocurrency market has dropped by 2.8% to $3.382 trillion, with most major tokens experiencing a decline.
- Bitcoin spot ETFs received over $216 million in investments, while Ethereum ETFs saw $11 million despite the market crash.
- A sharp downturn in the crypto market is ongoing, with many tokens facing sell-offs and declines due to global tensions and economic uncertainties.
- The market bleed affected assets like Bitcoin and Ethereum, raising concerns among investors.
- Bitcoin's price dropped by 0.1% to $105,229, while Ethereum fell by 1.0% to $2,533, with other tokens also seeing price declines.
- Despite the market crash, institutional support remains strong, with Bitcoin ETFs attracting $216 million in total inflows.
- Inflows into Bitcoin since June 16 exceed $412 million, indicating ongoing confidence among investors.
- Ethereum-related ETFs also saw $11 million in investments, showing continued interest in crypto despite market conditions.
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Newsbtc
20h
107
Image Credit: Newsbtc
Is Ethereum Price Set To Repeat History As 2017 Playbook Returns? Why This Time Could Be Bigger
- Crypto analysts see remarkable similarities between Ethereum's current price action and its 2017 market cycle.
- Merlijn the Trader shared a chart comparison showing Ethereum following a breakout pattern similar to 2017.
- Ethereum has reclaimed the 50-week Moving Average (MA) after consolidation near $2,250 in 2025.
- Analysts note Ethereum's consolidation phase beneath key resistance mirrors the setup before its 2017 rally.
- Despite technical similarities, the crypto market in 2025 is more developed with increased institutional involvement.
- The analyst suggests that Ethereum's potential upside this time could be even greater than in 2017.
- The timing of the 50 MA reclaim and consolidation range align closely between 2017 and 2025 for Ethereum.
- If Ethereum breaks above current resistance levels, it could signal the start of a new macro rally.
- Merlijn The Trader's chart analysis indicates Ethereum may target a price above $4,000.
- In 2017, Ethereum surged past $28 from single-digit lows after reclaiming the 50 MA.
- The analyst predicts Ethereum's price could potentially reach $4,000, and then surpass it to achieve fresh all-time highs.
- The chart patterns suggest a possible significant breakout for Ethereum in the near future.
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Bitcoinsensus
1h
158
Image Credit: Bitcoinsensus
Ethereum Whales Are Back — $100K+ Wallets Jump 51% Since April
- Cryptocurrency whales are accumulating Ethereum despite the recent price drop in the market.
- Reports indicate a surge in the number of investors holding 1,000 to 10,000 ETH.
- The amount of Ether being stockpiled by investors has grown notably.
- Data from CoinMetrics shows a 51.69% increase in the number of addresses holding at least $100,000 worth of ETH since April.
- Addresses holding at least $10 million worth of ETH also spiked by 40% since April 21st.
- Ethereum's current price is $2,514, with recent staking activity reaching an all-time high.
- A crypto influencer mentioned the fastest rise in Ether stockpiling since 2017.
- Trading on BloFin offers rewards such as a MacBook, Apple Vision Pro, or a Rolex for hitting certain volume thresholds.
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Coinpedia
4h
455
Image Credit: Coinpedia
XRP Could Surpass Ethereum by 2028, Says Standard Chartered
- Standard Chartered analyst predicts XRP could surpass Ethereum in market cap by 2028, citing utility and institutional demand.
- XRP's bullish momentum fueled by legal clarity, $700M share buyback, and SWIFT ambitions during a 360% surge in the past year.
- Geoffrey Kendrick, from Standard Chartered Bank, believes XRP will challenge Ethereum in market value within 3 years, currently valued at $130.9 billion.
- For XRP to surpass Ethereum, it would need to climb to around $5.60 from its current price of $2.22, which Kendrick sees as achievable.
- Kendrick's optimism is based on XRP's increasing utility in global payments and Ripple's ambitions to capture SWIFT market share.
- Ripple's legal clarity post-SEC battle and $700M share buyback show trust from investors and commitment to growth.
- Institutional interest in XRP could outpace Ethereum with Ripple's regulatory progress and established infrastructure.
- At present, XRP is trading at $2.16 with strong market activity, recording a 24-hour trading volume of $2.71 billion.
- XRP's appeal to institutions could drive its rise, especially if Ethereum faces issues with scaling and high fees, according to Kendrick.
- To meet Kendrick's prediction of overtaking Ethereum by 2028, XRP would need to rise about 2.5 times, a target not deemed unattainable.
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Newsbtc
9h
56
Image Credit: Newsbtc
Ethereum Stalls at $2,500, But Is a $4,000 Breakout Closer Than You Think?
- Ethereum faces resistance at the $2,500 level after a brief rally above $2,800 last week, currently trading at $2,511.
- Analysts point to the 50-week exponential moving average (EMA) as a key resistance level, historically leading to significant price gains upon breakout.
- Breakouts above the 50-week EMA in previous cycles have resulted in price increases ranging from 25% to 135%, potentially targeting $4,000 for Ethereum.
- Ethereum's staking metrics show steady growth, with over 500,000 ETH staked in June, totaling over 35 million ETH, indicating investor conviction.
- Staking involves locking ETH to secure the network, reducing circulating supply on exchanges and encouraging long-term holding behavior.
- Accumulation wallets holding ETH with no selling history have reached an all-time high, holding 22.8 million ETH, further signaling long-term investment strategies.
- On-chain developments align with increased interest in Ethereum financial products, driven by institutional and retail engagement, as well as the approval of spot ETH ETFs by the SEC.
- SharpLink Gaming, a Nasdaq-listed company, revealed a $425M Ethereum reserve strategy in partnership with ConsenSys, showcasing continued interest in Ethereum-based initiatives.
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Bitcoinsensus
15h
307
Image Credit: Bitcoinsensus
Ethereum Price Review: Accumulation at $2,500 or Breakdown?
- Ethereum's price has decreased by 16% since June 11, failing to break above the $2,870 resistance zone and dropping to $2,439.
- The recent selloff is attributed to uncertain times in the crypto market, influenced by geopolitical tensions like the Israel-Iran conflict.
- Ethereum is currently consolidating above $2,500, seen as a major accumulation spot that could potentially lead to a short-term bullish trend.
- Despite geopolitical uncertainties, Ethereum is holding above $2,500, showing signs of potential accumulation and buyer interest for a price increase.
- The support zone below $2,500 has historically been a significant accumulation area for Ether, indicating a potential uptrend.
- Technical indicators like Accumulation/Distribution, RSI, and MACD suggest a potential bullish momentum for Ethereum in the near future.
- Traders are advised to monitor volume closely, as a sudden bullish spike could indicate a move above current levels for Ethereum.
- The $2,600 zone is a key short-term resistance level for Ethereum, with a successful break potentially leading to a retest of $2,770.
- In light of the current market uncertainties, traders may consider setting a support level for Ethereum at $2,380 for risk management.
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Bitcoinist
18h
280
Image Credit: Bitcoinist
Ethereum Outperforms Bitcoin During Geopolitical Chaos – Is Altseason About To Ignite?
- Ethereum is showing resilience amid global tensions, holding above $2,500 despite market uncertainty.
- The $2,700 resistance level is crucial for Ethereum to gain momentum towards $3,000 amid hesitance from buyers.
- Analyst Ted Pillows notes relative strength in the ETH/BTC pair, potentially signaling the beginning of a new altcoin trend.
- Ethereum is on the brink of a breakout after consolidating below $2,800, with pressure building for a major directional shift.
- Geopolitical risks, particularly the Israel-Iran conflict and potential US involvement, are influencing market sentiment.
- A breakout above $2,800 could lead to a bullish move towards $3,200–$3,500, contingent on macro conditions stabilizing.
- On the 12-hour chart, Ethereum is consolidating between $2,500 and $2,800, with bulls defending key support levels.
- Price action faces resistance at $2,675–$2,800, with volume surges being met by strong selling pressure near $2,750.
- Moving averages show a lack of directional bias, with the 200-day MA signaling long-term bullish potential if support holds.
- A decisive move looms for Ethereum, with a breach of $2,500 potentially leading to a drop towards $2,427, while a break above $2,800 could target $3,000–$3,200.
- Market participants are closely monitoring the range boundaries for Ethereum's next direction.
- Ethereum's performance amidst global conflict and its technical setup suggest a crucial phase for the cryptocurrency.
- The ETH/BTC pair's strength indicates Ethereum may have bottomed relative to Bitcoin, potentially setting the stage for altcoin rallies.
- The $2,700 resistance is a key level to watch for Ethereum's breakout scenario.
- Analyst Ted Pillows anticipates Ethereum potentially replicating its May surge post-stabilization of macro conditions.
- The market awaits confirmation as Ethereum prepares for a potentially significant price movement.
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Coinpedia
22h
100
Image Credit: Coinpedia
Ethereum Price Prediction 2025: Here’s Why ETH is Poised for a Megarally
- Ethereum (ETH) is currently around $2500 after a recent pullback from its highs near $2600, with traders monitoring key support levels and potential breakout points.
- Market sentiment for Ethereum remains positive due to network upgrades like 'Pectra' and increasing demand in DeFi, leading to expectations of a bullish breakout.
- Whales and institutional investors are showing interest in accumulating ETH, hinting at a possible price target of $8000 in the near future.
- The current consolidation phase for ETH suggests a strong recovery, with whales accumulating ETH at a larger scale compared to previous instances, indicating optimism among bulls.
- In the long term, Ethereum is observed to be trading within a macro bullish flag, potentially leading to a fresh upswing in price beyond the predefined resistance levels.
- The weekly chart for Ethereum reflects a tight consolidation pattern resembling a bull flag formation, hinting at a breakout that could push the price above $7000 in early 2027.
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