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Ethereum News
Blockonomi
4w
208
Image Credit: Blockonomi
Ethereum (ETH) Price: Drops 20% as Sentiment Reaches Yearly Low
- Ethereum's sentiment has hit a yearly low, indicating a potential market reversal, while its price dropped over 20% in the last month, underperforming Bitcoin.
- Analysts suggest that extreme bearish sentiment often signals market bottoms and may lead to significant rebounds.
- Trump family-backed World Liberty Financial increased its Ethereum holdings by $10 million in a week, showing growing confidence in the asset.
- ETH currently faces resistance at $2,220, with key support at $2,100 and $2,050.
- The decline in Ethereum's sentiment aligns with its underperformance compared to other top cryptocurrencies and may indicate a potential turnaround in the market.
- Historically, extreme bearish sentiment has often marked market bottoms, leading to potential price rebounds, according to market experts.
- Institutional interest in Ethereum remains strong, with factors like decreasing interest rates and regulatory developments potentially aiding in price recovery.
- Ethereum's technical indicators, including the MVRV Z-Score, suggest undervaluation, hinting at a possible price recovery in the future.
- Structural issues like weakening network activity and competition from other blockchains are noted to affect Ethereum's performance in the market.
- Short-term price analysis shows Ethereum attempting to break resistance levels, facing hurdles at $2,220 and potentially aiming for $2,500 in the near term.
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TheNewsCrypto
4w
22
Image Credit: TheNewsCrypto
Turn on the Smart Cloud Mining Function to Easily Earn ETH and Let Your Wallet Automatically Increase in Value Every Day
- Cloud mining has become a popular investment strategy due to its simplicity and attractive returns.
- Smart Mining is a leading cloud mining platform with over 10 million users and offers a user-friendly interface with a powerful AI management system.
- Participants can easily start smart cloud mining and enjoy wealth appreciation in a few steps with a friend reward mechanism and daily mining income of 3%-10%.
- Smart mining provides a secure and private environment for investors, with fund control and privacy protection through decentralized blockchain technology.
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TronWeekly
4w
358
Image Credit: TronWeekly
Ethereum Struggles to Hold $2K as Whales Offload ETH
- Ethereum struggles to maintain $2K, with whales offloading 40,000 ETH worth $89.9 million.
- Over 60,000 ETH moved to exchanges in two weeks, signaling preparations for further sell-offs.
- Ethereum’s MVRV ratio drops below 1, indicating potential for price reversal if demand rises.
- Technical indicators paint a complex picture of Ether’s short-term future.
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NullTX
4w
35
Image Credit: NullTX
Mt. Gox Transfers 11,834 BTC to New Wallet Amidst Growing Speculation
- Mt. Gox, a former major Bitcoin exchange, transferred 11,834 BTC to a new wallet, sparking speculation.
- This move, the first in over two months, raises questions about a potential resolution for Mt. Gox's bankruptcy.
- The transfer, valued at around $1.07 billion, is seen as a significant development after months of inactivity.
- Mt. Gox's recent transactions include sending 8,820 BTC to B2C2 Group in late 2024.
- With a current holding of 24,245 BTC (~$2.19 billion), Mt. Gox remains a major Bitcoin holder.
- Several theories surround the recent transfer, including speculation about it being a test or a fund allocation to creditors.
- The fate of Mt. Gox's remaining Bitcoin and the payout process for creditors remain uncertain.
- The trustee has been urged to expedite the payout process, but obstacles persist, prolonging the resolution.
- The Mt. Gox saga serves as a cautionary tale about the complexities and risks of investing in digital assets.
- The outcome of Mt. Gox's situation will have significant implications for the crypto community and former exchange users.
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NullTX
4w
57
Image Credit: NullTX
Ethereum Investors Navigate Volatility, Strategically Adjusting Exposure Amid Price Fluctuations
- Ethereum investors have been actively managing their positions amid the recent volatility in the market, making strategic adjustments to their exposure as prices fluctuate.
- After hitting a high of around $2,500 in early February, the price of Ethereum has retraced to around $2,050, a level last seen in November 2023.
- On-chain data analysis indicates dynamic capital movement across price levels and reveals distinct investor behavior during this period of price fluctuations.
- Investors are strategically adjusting their exposure to Ethereum, with some capitalizing on lower prices as potential buying opportunities while others have sold into recent rallies.
- Key investor activity includes managing exposure levels during price shifts, with some increasing exposure during strategic buy moments while others reducing exposure at higher prices.
- Investors are displaying risk-aware strategies, utilizing market fluctuations to optimize their exposure to Ethereum and potentially reduce risk in overvalued market conditions.
- Resistance levels around $2,800 have emerged as crucial for Ethereum, with significant accumulation indicating a potential supply zone that could impact price movements.
- Investors continue to accumulate at reduced price levels, demonstrating confidence in Ethereum’s long-term potential despite short-term price fluctuations.
- The long-term outlook for Ethereum depends on various factors such as market conditions, regulatory developments, Ethereum 2.0 adoption, and DeFi growth.
- Overall, Ethereum investors are actively engaging with the market, adjusting their positions, and closely monitoring key price levels to position themselves for potential gains and navigate the evolving cryptocurrency landscape.
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NullTX
4w
341
Image Credit: NullTX
Ethereum Faces Declining Sentiment as Large Wallets Continue to Hold
- The sentiment around Ethereum has been declining despite positive on-chain activity, with large wallets accumulating ETH and institutional interest growing.
- Although Ethereum's price has been underperforming compared to Bitcoin, the number of addresses holding over 10,000 ETH has been increasing, signaling long-term hodlers' confidence.
- The prevailing bearish sentiment in the market could potentially serve as a contrarian indicator for a turnaround in Ethereum's price.
- However, Ethereum ETFs have experienced significant outflows, indicating caution among institutional investors and a decrease in confidence.
- The outflow from Ethereum spot ETFs could be a result of underperformance and negative sentiment surrounding the market.
- Despite recent challenges, there are reasons for optimism, such as ongoing development, dApp adoption, and confidence from large holders in Ethereum's future potential.
- Amidst the market turbulence, holding onto Ethereum and considering strategic purchases at lower prices may prove beneficial for long-term holders.
- While the current market sentiment may be pessimistic, the resilience of Ethereum and the evolving landscape of decentralized applications hint at a potential recovery in the future.
- Investors are advised to conduct thorough research before making any investment decisions in cryptocurrencies like Ether, considering individual financial circumstances.
- In conclusion, despite near-term challenges, Ethereum's adaptability and strong position in the blockchain industry suggest a potential upside for patient holders in the long run.
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TheNewsCrypto
4w
124
Image Credit: TheNewsCrypto
Ethereum Market Sentiment Hits Yearly Low, Hinting Rebound
- Ethereum's social sentiment has hit a yearly low, indicating a potential turnaround.
- The bearish sentiment on social media may actually signal a buying opportunity.
- Ethereum's price has dropped 20% in a month, trading at $2,175 with bearish technical indicators.
- Comparatively, Ethereum has fallen more than Bitcoin, and the community sentiment is more bearish on ETH.
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Newsbtc
4w
48
Image Credit: Newsbtc
Ethereum Gained 160% The Last Time This On-Chain Indicator Flashed – Will ETH Soar Again?
- Ethereum's on-chain indicator suggests that it may be undervalued at its current price.
- The last time this indicator was at a similar level in October 2023, Ethereum experienced a 160% rally.
- Crypto whales are accumulating ETH, and inflows into accumulation addresses have surged to multi-year highs.
- Other indicators, such as the low weekly RSI, support the possibility of an upcoming ETH rally.
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TronWeekly
4w
84
Image Credit: TronWeekly
Ethereum Whales Accumulate 1.1M ETH as Key Resistance Nears $2.8K
- Ethereum investors actively managed exposure during recent price fluctuations.
- Whales acquired 1.10 million ETH, indicating strong market interest.
- Key resistance level for Ethereum is at $2.8K.
- Ethereum broke a seven-year rising wedge, signaling a shift in market structure.
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Cryptonews
4w
115
Image Credit: Cryptonews
Solana’s DEX Volumes Hold Strong Against Ethereum Despite Meme Coin Slowdown, Reports VanEck
- Solana’s DEX volumes briefly surpass Ethereum in February but later decline to 30% in March.
- The drop is attributed to a 'memecoin meltdown', with significant losses from tokens like Libra and Trump-themed coins.
- Despite the slowdown, Solana's ecosystem remains strong, with Raydium holding over US$1.3B in TVL.
- Solana's native token SOL experienced a 191% price surge and a 700% rise in on-chain revenue in 2024.
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Bitcoinist
4w
8
Image Credit: Bitcoinist
Meme Coin Platform Pond.fun Loses 65 ETH In Insider Job
- Meme coin launchpad Pond.fun loses 65 ETH in insider job.
- The lead software engineer drained liquidity pools using privileged access.
- Pond.fun warns users to avoid interacting with the website and affiliated sites.
- Chainalysis and Elliptic are hired to track the stolen cryptocurrency.
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Bitcoinist
4w
403
Image Credit: Bitcoinist
Solana Vs. Ethereum: Investment Giant Franklin Templeton Exposes Market Shift
- Franklin Templeton's market perspective highlights the growing competition between Solana and Ethereum in decentralized finance (DeFi).
- Solana-based DeFi has shown significant growth, surpassing Ethereum in DEX volume and gaining traction in the market.
- Ethereum remains a major player with protocols like Lido, Aave, Maker, and Uniswap generating substantial fees.
- Solana's top DeFi contenders, such as Jito, Jupiter, Kamino, Marinade, and Raydium, have reported rapid growth and low valuation multiples.
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Cryptoticker
4w
283
Image Credit: Cryptoticker
What is Ethereum Pectra Upgrade?
- Ethereum's Pectra upgrade aims to enhance the network's scalability, lower transaction fees, and introduce new smart account functionality.
- The upgrade consists of the Prague upgrade, focused on the execution layer, and the Electra upgrade, impacting the consensus layer.
- The Pectra upgrade will be rolled out in two phases, with the first phase including doubling Layer-2 blob capacity, account abstraction, and increased validator staking limits.
- The second phase will introduce Verkle Trees implementation and Peer Data Availability Sampling for improved data storage and scalability.
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Bitcoinist
4w
248
Image Credit: Bitcoinist
Can A Short Squeeze Send Ethereum To $3,000? Analysts Discuss Where ETH May Be Headed
- Ethereum (ETH) has created two Chicago Mercantile Exchange (CME) gaps at $3,000 and $2,600 due to the recent pullback in the cryptocurrency market.
- Analysts believe that a short squeeze could push the price of Ethereum beyond $3,000, potentially filling these two CME gaps.
- A short squeeze occurs when traders who have bet against an asset are forced to buy back their positions as the price rapidly rises due to unexpected bullish momentum.
- While there are multiple bullish signs for ETH, the overall sentiment surrounding the digital currency remains low.
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Bitcoinist
4w
181
Image Credit: Bitcoinist
Ethereum At A Crossroads: Price Testing The Lower Boundary Of A Key Chart Pattern
- Ethereum may be set for a price rebound in the short term, as per technical analysis of a key chart pattern.
- The formation of a Parallel Channel pattern suggests a potential bounce for ETH, aiming to reclaim the $2,350 level and possibly reach $3,000 and $4,000.
- On-chain data indicates a decrease in ETH exposure among investors, with investors actively managing their holdings during the recent bearish period.
- The $2,800 resistance level is significant, as 800,000 ETH has been accumulated there, pointing to a potential price recovery in that area.
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