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Ethereum News
Bitcoinist
3w
115
Image Credit: Bitcoinist
Ethereum SuperTrend Signal That Led To 120% Price Surge In 2023 Has Returned, Why ETH Could Reach $7,500
- The Ethereum (ETH) price rallied by about 10% on Wednesday, clearing the $3,550 resistance zone.
- The SuperTrend buy signal has reemerged on the Ethereum price chart, suggesting a potential bullish surge.
- The previous SuperTrend buy signal in 2023 led to a 120% price rally for Ethereum, indicating a possibility of reaching $7,500.
- Technical analysis supports the bullish outlook for Ethereum, with indicators like RSI and MACD indicating continued upward momentum.
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Medium
3w
265
Image Credit: Medium
KanzzAI’s Innovations in Transformer Architectures for Next-Gen NLP
- Transformers have revolutionized natural language processing (NLP) by enabling better understanding of context and dependencies in language.
- Advancements in transformer architectures such as BERT, GPT, Transformer-XL, Reformer, and Longformer have improved efficiency and performance.
- KanzzAI has extended the context window of transformers for better understanding of lengthy documents and integrated transformers with other data modalities for holistic AI models.
- KanzzAI's specialized transformer models tailored for specific industries have enhanced accuracy and relevance in tasks like machine translation, sentiment analysis, and customer feedback analysis.
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Newsbtc
3w
296
Image Credit: Newsbtc
Ethereum Eyes $3,900 – Key Resistance Break Could Spark A Surge
- Ethereum reaches highest levels since June, eyeing breakout above yearly highs.
- Crypto analyst Carl Runefelt highlights importance of resistance level for Ethereum.
- Ethereum's performance crucial for broader altcoin market and market sentiment.
- Ethereum's ability to hold above $3,600 will determine next price direction.
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Newsbtc
3w
292
Image Credit: Newsbtc
Ethereum Price On The Verge Of Repeating 2017-2021 Cycle Breakout, Target Above $20,000
- Crypto analyst suggests Ethereum price could repeat breakout pattern from 2017-2018 cycle.
- Ethereum price target above $20,000, with a possibility of reaching $23,000.
- Historically, Ethereum starts pumping after Bitcoin enters a price discovery, indicating a notable rally.
- Analyst identifies December 2024 as a prime entry point for accumulating Ethereum, expecting a rally to $10,000 or $15,000.
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Cryptoslate
4w
146
Image Credit: Cryptoslate
Ethereum DeFi TVL hits 2-year high as activity on platforms like Uniswap, Aave soars
- The total value locked (TVL) in Ethereum's DeFi ecosystem has surged past $80 billion, marking its highest level in over two years.
- Uniswap has set a new record for monthly trading volume on Ethereum layer-2 networks, reaching $38 billion in November. This achievement coincides with a significant rise in the price of Uniswap's native UNI token.
- Aave, the largest DeFi lending platform, has reached a historic milestone with deposits on the platform surging to $33 billion, a 230% increase since the start of the year.
- Aave's native token, AAVE, has climbed 112% in 2021, hitting a yearly high of $210 before settling at $200 as of press time.
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NullTX
4w
137
Image Credit: NullTX
Ethereum’s Second Bull Run Gains Momentum: Key Insights On Market Activity
- Ethereum's second bull run is gaining momentum, and historical data indicates it may surpass its initial peak in this phase.
- Recent on-chain activity shows increased anticipation in the market, with netflows to derivatives reaching 42,000 ETH, indicating traders preparing for potential price drops.
- A major Ethereum whale has been actively accumulating ETH on Bybit, investing $63.99 million USDT over the past 12 days, signaling long-term confidence in Ethereum's trajectory.
- Ethereum co-founder Vitalik Buterin sold four meme coins for 24.5 ETH ($81.8K) and donated 320 ETH ($1.07M) to Coin Center.
- Ethereum's spot ETF recorded a net inflow of $40.67 million, indicating strong institutional interest in the cryptocurrency.
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TheNewsCrypto
4w
4
Image Credit: TheNewsCrypto
Ethereum L2s TVL Hits Record $51.5 Billion Amid Overall Market Surge
- The cumulative total value locked (TVL) in Ethereum layer-2 (L2) networks has surpassed $51.5 billion, setting a new record.
- Total TVL has increased by more than 205% from $16.6 billion in November 2023.
- The increase to more than $51 billion TVL was mainly caused by Arbitrum One and Base.
- Arbitrum, the dominant L2, has 35% of the entire TVL in the L2 ecosystem, which is valued at about $18.3 billion.
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TheCryptoBasic
4w
106
Image Credit: TheCryptoBasic
Ethereum Road to ATH Confirmed as 91% of Holders in Profit
- Recent data shows that 90.8% of Ethereum (ETH) holders are in profit amid the price rebound.
- Only 9.2% of investors hold ETH at a loss.
- Most Ethereum holders are long-term investors, with 74% holding ETH for over a year.
- Analysts predict a rally towards an all-time high, with immediate target at $6,000 and long-term target at $10,000.
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TheCryptoBasic
4w
310
Image Credit: TheCryptoBasic
TradFi Firms Invest in Ethereum ETFs as Netflows Rebound
- Traditional finance (TradFi) firms are investing in Ethereum ETFs as daily netflows rebound.
- Ethereum's price has increased nearly 40% since late October, attracting interest in related financial products.
- Institutional players like BlackRock and Grayscale are leading the surge in Ethereum ETF investments.
- Netflows into Ethereum ETFs have turned positive, indicating growing institutional interest as Ethereum prices rise.
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Cryptoslate
4w
256
Image Credit: Cryptoslate
Celo’s token drops as Coinbase skips Layer-2 migration support
- Celo's native token drops 5% as Coinbase refuses to support its transition to an Ethereum Layer-2 network.
- Tether confirms its continued support for the network post-transition.
- Community expresses mixed reactions to Coinbase's decision.
- Coinbase urged to reconsider its stance by the community.
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Bitcoinsensus
4w
376
Image Credit: Bitcoinsensus
ETH Analysis: Will Ethereum Hold or Break Higher?
- Ethereum is holding steady around $3,600 after clearing liquidity on higher timeframes, indicating potential for a major move.
- There are two possible scenarios: ETH could retrace to Fibonacci levels or break higher towards fresh highs.
- Understanding liquidity zones helps identify market trends and anticipate price action.
- Flexibility and having a plan are key in navigating Ethereum's current crossroads.
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TheCryptoBasic
4w
310
Image Credit: TheCryptoBasic
Ethereum Slumps from $3,600 as Co-Founder Moves 20,000 ETH to Kraken
- Co-founder Jeffrey Wilcke transferred 20,000 ETH ($72.5 million) to Kraken.
- This was Wilcke's fourth Ethereum sale this year.
- Ethereum's bullish momentum stalls at $3,664 and drops over 2%.
- On-chain analysis indicates bullish signs for Ethereum's future.
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Insider
4w
203
Image Credit: Insider
Getting rich from the crypto rally? Here's how to lock in gains and avoid a crash.
- Crypto markets have been surging after Donald Trump's election victory, with Bitcoin approaching $100,000.
- Although crypto prices tend to be volatile, there are strategies to reduce risk and lock in gains.
- Experts recommend profit-taking strategies, where investors start taking profits incrementally once their assets have appreciated.
- Other risk-reduction methods include setting up stop-losses and diversifying investments.
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Crypto-News-Flash
4w
345
Image Credit: Crypto-News-Flash
Ethereum Options and Futures Hit Record Levels – Is ETH Back on Top?
- Ethereum's derivatives market hits a record high with $27 billion in open interest, signaling growing investor confidence.
- Optimism is fueled by Ethereum’s renewed interest in decentralized finance (DeFi) and potential regulatory shifts, with ETH prices following Bitcoin’s bullish trends.
- Cumulative open interest in futures and perpetual contracts reached a record 6.32 million ETH, worth over $27 billion, marking a 17% increase this month.
- Ether's price has mirrored Bitcoin's gains, climbing 3.66% in the past day and 8.37% in the past week, reaching a current price of $3,614.63.
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Nigeriabitcoincummunity
4w
345
Is Ethereum Dead? – 5 Top Reasons Why ETH Will Bounce Back
- November has been a challenging month for Ethereum which is being tested against BTC during political turmoil. But Ethereum’s performance against its contenders makes it resilient and market depth is still apparent.
- Despite ETH being challenged, it remains a strong contender in the market with established leadership in DeFi and growing institutional backing.
- Renowned trader, Peter Brandt, identified a cyclical bottom in the ETH/BTC price ratio which has been known as a precursor to ETH outperforming BTC.
- Crypto analyst, Ali Martinez, predicted that Ethereum could peak at $6,000 during this market cycle, as indications are ETH will outperform BTC during this late-cycle rally.
- Ethereum’s dominance in DeFi remains unchallenged. Its position in the space reinforces Ethereum’s position as the leading blockchain for DeFi applications.
- When compared to Ethereum’s main competitor, Solana, its larger market cap ($423 billion vs. Solana’s $129 billion) demonstrates Ethereum’s resilience and market depth.
- Many institutional investors are staking their assets in Ethereum to secure the network and earn yield, showing a growing institutional backing which fuels confidence for the future of ETH.
- Despite the challenges from its competition, Ethereum will likely define the next phase of the blockchain revolution as it remains a strong investment with a potential peak of $6,000.
- There are still many bullish signs for Ethereum and its performance in the years to come will likely define the next steps for the blockchain revolution.
- ETH is not dead and far from ceding its position in the crypto market.
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