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Ethereum News
Newsbtc
1w
153
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Ethereum Daily Transactions Just Hit Its Highest Level Since January 2024, Will Price Follow?
- Ethereum's daily transactions have surged, reaching the highest level since January 2024, with a spike to 1.729 million transactions.
- The increase in daily transactions coincided with Ethereum's price rise above $2,400, indicating higher blockchain participation driven by investor activity.
- Daily active addresses also saw a significant increase, rising from 345,406 to 593,637 in four days, further supporting the uptrend in on-chain activity.
- However, a rise in on-chain sell volume compared to buy volume may dampen price recovery efforts, with sellers currently outnumbering buyers.
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Newsbtc
1w
110
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Ethereum’s Network Is Heating Up While Price Stalls, Is a Breakout Coming?
- Ethereum's price remains stagnant around $2,423, down 50% from its all-time high of $4,878.
- Despite the price consolidation, Ethereum's on-chain metrics show a significant increase in network activity, with a recent spike in daily transactions to the third-highest count in history.
- Analysts suggest that the surge in transactions may be driven by increased arbitrage, trading activity, and interactions with Layer 2 networks, indicating early-stage accumulation or renewed DeFi interest.
- Concerns arise from speculative behavior in the derivatives market, as leveraged long positions build up, potentially leading to overextension. Additionally, exchange data showing a significant amount of ETH deposited on Binance raises potential sell pressure concerns.
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Newsbtc
1w
12
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Ethereum Reclaims $2,500 In Squeeze-Driven Rally – But Can It Hold?
- Ethereum (ETH) has surged from $2,111 to $2,515 between June 12 and June 25, sparking hopes of breaking the $3,000 barrier.
- Positive funding rates, a potential short squeeze, and increased ETH inflows to Binance have accompanied Ethereum's recent rally, suggesting a shift in market dynamics.
- The rise in funding rates may elevate the risk of a short-term price pullback if long positions become overextended, as highlighted by the data showing majority liquidations were long positions.
- While a short-term correction may be possible, technical analysis indicates ETH could potentially surpass the $2,800 resistance level and reach a new all-time high, although bearish predictions suggest a revisit to lower levels around $1,700 to $1,950.
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Bitcoinist
1w
281
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Altcoin Exchange Flows Dip Below $1.6B – History Points To Incoming Rally
- New on-chain data suggests a potential shift in sentiment in the altcoin market with the average monthly exchange flow for altcoins dropping below $1.6 billion, indicating a phase of asset consolidation and accumulation.
- Analysts believe that the declining exchange flows may hint at a brewing shift in market dynamics, potentially signaling the early stages of a powerful altseason driven by accumulation rather than speculation.
- Historical data shows that periods of low exchange flows below $1.6 billion have historically preceded major rallies in the altcoin market, hinting at the possibility of a significant upward move in altcoin prices.
- The TOTAL2 chart indicates that the altcoin market is holding a critical support level at $1.11 trillion after a strong rebound, suggesting signs of renewed interest and potential trend reversal, with a breakout above $1.2 trillion seen as crucial for wider altcoin rallies.
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Newsbtc
1w
55
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Bitcoin Gets The Greenlight To Be Counted As Assets For Mortgage Applications, But What About XRP?
- The Federal Housing Finance Agency has issued a directive allowing cryptocurrencies to be considered as part of a borrower’s asset portfolio during mortgage evaluations without converting them into dollars.
- Bitcoin is expected to benefit the most from this policy update due to its established presence on US-regulated exchanges and liquidity profile.
- The directive does not specify eligible tokens, and it remains unclear whether XRP will be included under this new policy, given its regulatory history with agencies like the SEC.
- Other countries like Japan and Dubai have already been utilizing XRP in real estate transactions, potentially setting a precedent for its inclusion in mortgage applications.
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Newsbtc
1w
260
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Ethereum Staking Hits Record High: 29.02% Of Supply Locked Signals Long-Term Conviction
- Ethereum has shown resilience in the face of volatility, trading near $2,400 with fragile momentum.
- Ethereum staking has hit a record high of 29.02%, signaling increasing long-term investor confidence.
- The higher staking levels can reduce active supply, alleviate sell pressure, and potentially fuel bullish price movements.
- ETH is facing resistance around $2,625-2,660, with a break above potentially triggering a broader rally towards $2,800-$3,000.
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TechBullion
1w
273
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Early Dev Support, Real Tools, and $324M in Presale! How BlockDAG’s Doing It All Pre-Listing
- BlockDAG, a hybrid Layer 1 project combining DAG structure with Bitcoin-style proof-of-work, is focusing on builder activity and ecosystem growth from the start.
- The project has launched a no-code dApp builder, allowing easy app and smart contract development even for non-technical users, along with a fully operational testnet.
- Developer grants have started rolling out, hackathons are planned, and over 18,000 ASIC miners have been sold, showcasing real traction before the official launch.
- BlockDAG's emphasis on actual use cases and tools, rather than just price potential, sets it apart, indicating a focus on long-term value and steady developer activity.
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TronWeekly
1w
286
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Ethereum Holds Strong at $2,400, Ready to Surge to $2,700?
- Ethereum price holds above $2,400 and faces resistance at $2,520 and $2,550.
- Crypto analyst LSTRADER predicts bullish potential if Ethereum rebounds strongly from $2,200.
- A break below $2,320 could lead to a decline towards $2,250 and a retest of the critical $2,200 level.
- Traders watch Ethereum's reaction to key levels with caution and optimism, with potential for a surge to $2,700 if resistance at $2,520 is surpassed.
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TronWeekly
1w
115
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Ethereum Whale Activity Surges as Accumulation Hits 2020 Levels
- Ethereum whales are accumulating ETH at levels similar to 2020, indicating rising long-term confidence.
- Exchange ETH supply has decreased, suggesting a potential bullish supply shock.
- Smart money is optimistic about Ethereum as fundamentals strengthen and Layer-2 usage grows.
- Data shows a surge in inflows to Ethereum accumulator addresses, with most ETH being stored, not traded, hinting at a possible upcoming supply shock.
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Crypto-News-Flash
1w
145
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The Story of Tim Beiko and His Role in Ethereum Upgrades
- Tim Beiko plays a crucial role in coordinating Ethereum's core upgrades and simplifying complex updates for public understanding.
- Known for his work ethic and communication skills, Beiko ensures Ethereum's network updates stay on track, with a recent focus on 'The Merge' transition to a staking system.
- Beiko, previously at ConsenSys, now leads the Ethereum Foundation's core protocol project, orchestrating All Core Devs meetings and providing public updates on Ethereum's technical changes.
- Recently involved in the launch of the Pectra upgrade and internal restructuring of the Ethereum Foundation, Beiko emphasizes network stability and effective communication in navigating Ethereum's development journey.
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Livebitcoinnews
1w
422
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Whale Splashes Millions on Hyperliquid: What’s Next for HYPE Price?
- A whale recently deposited $20 million USDC into Hyperliquid and has been accumulating $HYPE using a dollar-cost averaging strategy.
- Despite recent losses by popular traders like @qwatio and James Wynn, more whales are entering Hyperliquid.
- $HYPE could potentially experience a short squeeze leading to a price surge between $45 and $70.
- HYPE has seen volatility recently, but is now attempting to reclaim support levels, with short liquidations outpacing longs.
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Crypto-News-Flash
1w
213
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Ethereum On-Chain Activity Hits Third Highest in History
- Ethereum experienced its third-highest daily transaction count in history on June 25, with 1.75 million transactions.
- Long-term users continue staking and accumulating Ethereum, while Layer 2 networks assist in processing significant daily traffic.
- The surge in Ethereum transactions is attributed to various activities like ETH transfers, smart contract executions, DeFi interactions, and DApp usage.
- Despite Ethereum's price volatility, the network's robust activity, staking confidence, and engagement with Layer 2 networks hint at continued strength and potential future surges.
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99Bitcoins
1w
367
Ethereum Price Now Flashes First Death Cross Since 2022: Is Another Crash Coming?
- Ethereum price trading below $2,500 faces key inflection point
- MVRV ratio mildly optimistic, but constrained by descending trendline since 2018
- Challenge for Ethereum to break $2,575 resistance level for potential rally to $2,850
- Geopolitical tensions impact crypto market, potential for Ethereum rally on key signals
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Crypto-News-Flash
1w
350
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U.S. Housing System Validates Bitcoin, Ethereum, Cardano, and XRP as Reserve Asset in Historic First
- The Federal Housing Finance Agency (FHFA) has directed mortgage giants Fannie Mae and Freddie Mac to accept cryptocurrencies like Bitcoin, Ethereum, Cardano, and Ripple in mortgage applications.
- Previously, digital assets had to be converted to USD for risk assessments, but now they can be used directly as proof of financial stability alongside traditional assets.
- This move is seen as a step toward mainstream adoption of cryptocurrencies within the U.S. housing sector, with implications for expanding the use of crypto in the future.
- FHFA Director William Pulte linked this decision to President Trump's pro-crypto stance, aiming to position the U.S. as a crypto-friendly hub.
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Bitcoinist
1w
239
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$1 Billion On The Table: Tether Co-Founder Launches Crypto Investment Fund
- Reeve Collins and Chinh Chu are aiming to raise up to $1 billion through a SPAC to create a significant crypto fund focused on Bitcoin, Ethereum, and Solana.
- Collins, a Tether co-founder, and Chu, a former Blackstone executive, have stake in M3-Brigade Acquisition V Corp, the SPAC involved in the venture.
- The fund plans to diversify its portfolio by holding multiple assets, in contrast to a recent hedge fund initiative that focused solely on BNB. This move signals growing institutional interest in crypto treasuries.
- Regulators are keeping a close eye on the development of this SPAC deal, with potential for changes in plans and a hunt for alternative targets within the crypto and blockchain space.
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