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Ethereum News
Blockonomi
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Image Credit: Blockonomi
Ethereum Price Prediction: Why ETH Could Hit $10,000 in 2025
- Ethereum is showing strong upside potential, with on-chain and macro developments suggesting a major price move.
- Optimism is fueled by developments in ETFs, regulatory frameworks, and institutional demand, indicating expanding utility.
- Regulation of stablecoins under the Genius Act could increase capital inflows into Ethereum's ecosystem.
- Institutional buyers have added over $1.25 billion worth of ETH in under three weeks, signaling strong conviction in Ethereum's value.
- An Ethereum Staking ETF approval, with 29% of ETH staked, could attract more large investors and boost the asset's value proposition.
- Ethereum holds over 55% of all total value locked in crypto, with Layer 2 networks and tokenized real-world assets driving adoption.
- Current ETH price is at $2,551.99, with trading volume at $12.05 billion and a recent 34.70% decrease in trading activity.
- Analysts believe $10,000 ETH is realistic if current momentum continues.
- The next anticipated date for regulatory review of an Ethereum Staking ETF is July 4, potentially drawing more capital into the ETH ecosystem.
- Overall, Ethereum is seen as a multi-faceted asset with rising institutional interest, regulatory clarity, and staking rewards.
- Many believe Ethereum’s recent consolidation could lead to a breakout with a faster and larger price move.
- Analysts suggest that the $10,000 ETH target is no longer implausible but a matter of timing.
- Strong ETF inflows, stablecoin regulations, and the potential Staking ETF approval are seen as factors driving Ethereum's price growth.
- Layer 2 network growth and the rise of tokenized real-world assets are expected to further boost adoption of Ethereum.
- Stablecoin legislation like the Genius Act could unlock access for traditional finance players and accelerate Ethereum adoption.
- With the current market conditions, analysts expect Ethereum to continue its upward trajectory towards the $10,000 price target.
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Cryptoticker
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Image Credit: Cryptoticker
ETH Price Set for Big Move? Here's What the Chart Reveals
- Ethereum (ETH) price is hovering around $2,500, prompting speculation on its next direction.
- Current levels show key support at $2,420 and resistance at $2,554, with major zones at $2,800, $3,200, and $3,600.
- The price consolidation indicates market indecision, but potential for a forthcoming breakout.
- RSI at 54.54 suggests a cooling-off phase before a significant move, with a potential rally if above $2,600.
- Fibonacci projections hint at targets of $3,200 to $3,600 if ETH breaks above $2,950 convincingly.
- ETH's price action forms a bullish consolidation pattern, signaling a potential base for an upward move.
- Low volume during consolidation signifies impending volatility.
- If ETH replicates its May rally, a move towards $3,750 could be possible.
- With current trends, ETH may retest $2,950, followed by potential surges towards $3,200 and $3,600.
- However, a failure to hold $2,420 could invalidate the bullish scenario, leading to a drop to $2,200 or lower.
- The chart signals a pending major move, potentially indicating a bullish breakout, with a focus on the $2,550–$2,600 range for trading decisions.
- Traders advised to monitor price levels closely for breakout confirmation with RSI and volume considerations.
- Ethereum (ETH) is deemed likely to experience significant price movement, potentially towards higher targets, emphasizing the need for vigilance in trading decisions.
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Coindoo
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Image Credit: Coindoo
Ethereum Eyes $5,000 Surge as ETF Flows and Charts Align
- BlackRock’s iShares Ethereum Trust received $303.5 million last week, mainly fueling ETH ETF flows.
- Speculation grows around potential SEC approval for ETH staking within ETFs.
- Over $82 million ETH exited exchanges in 2 days, reducing supply and easing selling pressure.
- Wallets holding 1,000 to 10,000 ETH are accumulating, with long-term holders owning 75.5% of total supply.
- Ethereum has found strong support at $2,500 in June and a golden cross is forming on the charts.
- Traders anticipate a breakout to $5,000 as ETF flows increase, whales accumulate, and technical indicators strengthen.
- A chart comparison suggests similarities between current ETH price patterns and the surge past $3,000 in early 2024.
- If history repeats, Ethereum may mirror its past trajectory and surpass $5,000, reinforcing bullish sentiment.
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Newsbtc
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Image Credit: Newsbtc
Analyst Predicts 20% Ethereum Price Crash Below $2,000, Here’s Why
- Ethereum's price has been under intense bearish pressure amid a bear market for altcoins.
- Analysts predict a further crash with the price expected to fall below $2,000.
- Short-term outlook by crypto analyst Maddox Metrics indicates a continued decline below major support levels.
- Market decline attributed partly to rising war tensions in the Middle East.
- Investors advised to adopt a patient strategy amidst market volatility.
- Long-term outlook for Ethereum price remains bullish despite short-term bearish trend.
- Current decline seen as a Wave 2 retracement, with a bullish Wave 3 expected to follow.
- Possibility of Ethereum price reaching new all-time high under $5,000 in the future.
- Projected timeline suggests reaching $7,000 by 2025-2026.
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Zycrypto
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Image Credit: Zycrypto
Novogratz’s Galaxy Offloads $105M in Ethereum for Solana
- Mike Novogratz's Galaxy Digital has sold around $105 million worth of Ethereum and shifted its focus to Solana amidst concerns over Ethereum's scalability and competition.
- Galaxy Digital deposited 65,600 ETH ($105.48M) to Binance and withdrew 752,240 SOL ($98.37M) from Binance in the past 2 weeks.
- Solana's decentralized exchanges have surpassed Ethereum's trading volume in the last three months, with 224 million active Solana addresses compared to Ethereum's 79 million.
- Galaxy Digital is becoming more involved in Solana's protocol governance, proposing systems like 'MESA' to address inflation control.
- The crypto industry is seeing a sentiment shift towards Solana due to its performance and scalability compared to Ethereum.
- Solana overtook Ethereum in monthly DEX volume in July 2024, emphasizing the growing competition between the two platforms.
- Ethereum is attempting to improve scalability with proposed changes to its proof-of-stake consensus mechanism by Vitalik Buterin.
- At present, Solana is trading at $146.65, up 0.52% in the last 24 hours, while Ethereum sits at $2,518, down 0.40% in the same period.
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Newsbtc
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Image Credit: Newsbtc
Ethereum Bullish Wave Towards ATH Coming? Here Are The Targets
- Ethereum has climbed back above $2,500 after a dip to $2,440 in the last 24 hours, following a pullback from a recent high of $2,770 over the past week.
- Crypto analyst KlejdiCuni anticipates a bullish trend reversal, highlighting $2,440 as a strong accumulation zone, signaling a potential breakout is on the horizon.
- KlejdiCuni identified a bullish pattern in Ethereum's price chart, resembling an ascending channel structure, indicating buyer control in Ethereum's price action.
- Ethereum's rebound to $2,660 suggests a breakout towards $2,800, the immediate target aligned with the upper resistance boundary of the bullish pattern.
- If Ethereum breaks $2,800, it could start a bullish trend with $3,300 as the first major target, followed by $3,800, and a longer-term target of $4,500 near the all-time high.
- At the time of writing, Ethereum is priced at $2,521, showing a 0.7% retracement in the last 24 hours.
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Newsbtc
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Image Credit: Newsbtc
Ethereum Analyst Eyes High Timeframe Close – Range Break Above $2,800 Could Be Violent
- Ethereum is consolidating below $3,000, with bulls aiming for a breakout above this key resistance level.
- Geopolitical tensions, including the conflict between Israel and Iran, are contributing to market volatility.
- ETH has held above the $2,500 support zone, showing resilience amidst market uncertainty.
- Technical analysis by analyst Daan indicates Ethereum is trading within a tight range, signaling potential for a strong move.
- Traders are watching for a higher timeframe close above $2,800 to confirm bullish momentum and target $3,000.
- The market remains balanced, with sentiment susceptible to shifts based on geopolitical developments.
- Despite being 60% below its 2021 high, Ethereum is showing signs of recovery.
- Confirmation of a rally depends on a higher timeframe close above critical levels, particularly $2,800-$3,000.
- The market environment faces challenges from geopolitical tensions and macroeconomic uncertainty.
- The current range-bound trading reflects equilibrium between buyers and sellers, signaling an impending surge in volatility.
- Technical indicators suggest ETH is preparing for a significant move, potentially toward reclaiming $3,000.
- ETH is holding above the $2,500 level, with potential downside support at the 200 SMA near $2,117.
- A breakout above $2,800 could propel Ethereum toward $3,000 and beyond, while a drop below $2,500 may trigger bearish pressure.
- Traders are awaiting confirmation of a breakout to determine the next trend direction.
- ETH's current sideways movement and consolidation phase may precede a strong breakout or breakdown in the near future.
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Crypto-News-Flash
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Image Credit: Crypto-News-Flash
Ethereum Surges as Institutions Embrace ETH as Digital Oil for the Digital Economy
- Ethereum's price has increased by 1.36% over the past 24 hours, trading just above $2,500.
- Technical indicators show mixed signals with bearish momentum still present.
- Institutional interest in Ethereum is on the rise, with $1.25 billion added in less than three weeks.
- Ethereum is seen as the future financial infrastructure, with projections suggesting a price target of $80,000 based on utility and adoption forecasts.
- Ethereum has become central to tokenized assets and on-chain financial services.
- Co-founder Joseph Lubin notes that Ethereum offers utility, scarcity, and regular yield, positioning it as an ultimate productive reserve asset.
- ETH is viewed as more than just a store of value, operating as computational fuel, programmable collateral, and an income-generating asset.
- The Etherealize group projects ETH prices to potentially reach $8,000 in the near term, with a long-term ceiling of $80,000.
- At $80,000, Ethereum's total worth would surpass $10 trillion, exceeding the combined market capitalization of Apple and Microsoft.
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Coindoo
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Image Credit: Coindoo
What to Expect From Ethereum Next as Price Stalls Near $2,500
- Ethereum's price remains near $2,500 as the broader crypto market searches for direction.
- Analysts are observing whether ETH will break out or continue sideways as it did in mid-2023.
- Currently, ETH is trading between support near $2,360 and resistance around $2,750 with lower volume.
- ETH is valued at $2,517.90, down 8.96% over the past week, with a trading volume of $14.93 billion.
- Despite the recent dip, Ethereum's market cap stands strong at $303.96 billion, indicating ongoing investor interest.
- Key points to monitor include support at $2,360–$2,400, a breakout above $2,750 for bullish confirmation, and the possibility of a prolonged sideways movement.
- Low trading volume could suggest market indecision or fatigue.
- Short-term expectations for ETH are currently subdued, with the potential for a breakout if macro catalysts or ETF news emerge.
- Patience may be necessary for traders as Ethereum continues to consolidate.
- The article discusses Ethereum's price stagnation and the factors that could impact its future movement.
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Cryptoticker
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Image Credit: Cryptoticker
TRUMP Crypto Effect: Which Is Worse, the Internal or External War?
- Donald Trump's actions have a significant impact on the crypto market, influencing legislation, monetary policy, and geopolitics.
- The Trump Crypto Effect is analyzed in terms of internal wars (domestic policies, institutional conflicts) and external wars (global tensions, international policy).
- Internal War: Trump opposes rate cuts by the Federal Reserve, supports the GENIUS Act for stablecoin regulation, influencing trust in fiat institutions and favoring Bitcoin and USD-backed stablecoins.
- External War: Trump's foreign policy, like conflict in the Middle East and tariff disputes with China and the EU, affect crypto demand as a hedge, leading to market fear and short-term volatility.
- The announcement of a TRUMP-branded phone could impact the $TRUMP token, potentially driving meme rallies and attention to Solana if utilized as the base blockchain.
- Internal conflicts have lasting effects on crypto regulation and market structure, while external conflicts create short-term volatility but can strengthen Bitcoin in the long run.
- Traders should monitor both internal and external factors, with external chaos potentially benefiting long-term holders and internal conflicts reshaping crypto usage in the U.S.
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Zycrypto
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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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Bitcoinsensus
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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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Coindoo
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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
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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
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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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