A naukri.com initiative
Ethereum News
Coindoo
3w
396
Image Credit: Coindoo
Ethereum at Make-or-Break Point Against Bitcoin, Analyst Warns
- The ETH/BTC pair shows signs of building upward momentum with higher lows, but a critical support trendline must be maintained for a bullish trend.
- A key risk is highlighted by an analyst: if the upward trend breaks, ideal accumulation zone is between 0.022 and 0.023 BTC, near previous support levels.
- Ethereum could advance towards 0.03 BTC if current strength continues without a deeper retest.
- The attached chart displays Ethereum consolidating above the 0.02337 support level and approaching a key diagonal trendline.
- Previous similar setups have led to sharp upward moves when momentum aligns, although sentiment remains cautious.
- The next major move for Ethereum may hinge on the defense of the trendline by bulls or buying near the entry zone.
- Van de Poppe's analysis was featured in the post 'Ethereum at Make-or-Break Point Against Bitcoin, Analyst Warns' on Coindoo.
Read Full Article
23 Likes
Coinjournal
3w
22
Image Credit: Coinjournal
Ethereum whales buy $2.5 billion in ETH as price targets $4,000 breakout
- Ethereum whales in the 1,000–10,000 wallet cohort acquired over $2.5 billion worth of ETH on Sunday, adding 818,410 ETH.
- Wallets in this cohort now control over 16 million ETH, indicating a sharp increase in holdings since 2018.
- Ethereum-focused funds attracted $583 million in inflows in the past week, totaling $2.28 billion for the year.
- Despite a 90% rally in two months, Ethereum's price consolidates in the $2,150–$3,600 range.
- Current ETH price patterns are reminiscent of the 2016–2017 sideways movement before a breakout to $1,500 during the ICO boom.
- ETH is currently trading at $2,643 with key support levels at the 50-week and 200-week EMAs.
- Analysts suggest $4,000 as a short-term target for Ethereum, with a long-term outlook projecting $10,000.
- The comparison to Ethereum's 2017 performance highlights potential breakout cycles driven by ETFs, staking yields, and tokenization projects.
Read Full Article
1 Like
Bitcoinist
3w
110
Image Credit: Bitcoinist
Cardano Founder Announces $100 Million Bitcoin Buy In Shocking Move To Prop Up ADA Price
- Charles Hoskinson proposes creating a sovereign wealth fund for Cardano's DeFi ecosystem with up to $100 million worth of Bitcoin.
- The proposal aims to boost ADA price by converting a portion of the treasury into assets like Bitcoin and stablecoins.
- Hoskinson believes this move will not negatively impact ADA price but instead catalyze a surge.
- The fund's yields will be used to buy more Cardano, replenishing what was converted to Bitcoin and other assets.
- They plan to grow the fund over the next 5-10 years to become a billion-dollar treasury, stabilizing the ADA price.
- This strategy aims to put Cardano on par with Ethereum and Solana in terms of DeFi activity and TVL.
- A Cardano community member expressed concern over a potential negative impact on ADA price from a large sell-off.
- Hoskinson reassured the community that large sales could be conducted strategically without disrupting the market, using OTC and TWAP techniques.
- ADA price currently trades at around $0.64, showing a nearly 2% increase in the last 24 hours.
Read Full Article
6 Likes
Newsbtc
3w
335
Image Credit: Newsbtc
Ethereum Holds Key Range Support – Bulls Set Sights on Higher Levels
- Ethereum remains stable amidst extreme volatility and geopolitical tensions, holding crucial price ranges despite global uncertainties.
- Analyst Ted Pillows suggests that Ethereum's bullish scenario remains strong as it maintains its range structure, indicating buyer control and confidence for a potential breakout.
- Ethereum has recovered over 7% since last week's lows, facing resistance at $2,800 while struggling to sustain higher levels, reflecting divided analyst opinions on potential market direction.
- The ongoing battle between bulls and bears is evident as Ethereum's price action teeters around key levels, with a breakout above $2,800 seen as a potential trigger for a broader altcoin rally.
- ETH is currently trading at $2,626.98, demonstrating rejection near the $2,770-$2,800 resistance zone while finding support around $2,580-$2,620, signaling a continued range-bound movement.
- Ethereum's ability to defend support levels and surpass $2,800 could lead to further upside towards $3,000, but failure to hold key ranges may expose ETH to selling pressure and a negative sentiment shift.
- Overall, Ethereum's price action remains crucial, with the market awaiting a decisive move that could shape the near-term direction for ETH and potentially the broader altcoin market.
Read Full Article
20 Likes
Cryptoticker
3w
167
Image Credit: Cryptoticker
Will Ethereum Hit $3,000 This Week? Watch These Key Levels
- Ethereum price is at a critical stage, with signs of renewed momentum as it hovers near $2,591.
- Traders are closely monitoring Ethereum's price action as it tests key resistance around the 200-day SMA at $2,632.
- The daily chart shows a bullish reversal with the strengthening of green Heikin Ashi candles.
- The 20 SMA crossing above the 50 SMA indicates a potential medium-term bullish trend.
- On the hourly chart, Ethereum broke above multiple SMAs and is supported by a tight range of $2,550-$2,580.
- Key resistance levels for Ethereum are at $2,780, $2,910, and $3,080.
- A Fibonacci extension suggests a target level near $3,850 if the uptrend continues.
- Maintaining daily closes above $2,620 is vital for Ethereum to aim for $3,000 and potentially $3,140.
- In case Ethereum drops below $2,550, it may retest $2,400, affecting short-term sentiment.
- Short-term prediction sees Ethereum retesting $2,780 if $2,620 support holds.
- Medium-term outlook targets $3,000 as a major level, with an extension possibility to $3,140-$3,850.
- Strong breakout signals on hourly and daily timeframes hint at a potential rally towards $3,000.
- Confirmation of bullish continuation requires daily closes above $2,620 and close monitoring of volume.
- The risk-reward setup for swing traders looks promising if Ethereum sustains above $2,550.
- The article speculates on Ethereum's potential to hit $3,000 and warns about the importance of key support levels.
- Following technical indicators and price levels is crucial for determining Ethereum's trajectory this week.
- Overall, Ethereum's price movement remains uncertain but with bullish undertones.
Read Full Article
10 Likes
Coindoo
3w
114
Image Credit: Coindoo
Trump Media Moves to Launch Bitcoin and Ethereum ETF
- Trump Media filed with the SEC for launching the “Truth Social Bitcoin and Ethereum ETF” with the ticker B.T.
- The ETF plans to invest 75% in Bitcoin and 25% in Ethereum to mirror their price movements.
- Trump Media's move into digital assets aligns with its overall financial innovation strategy.
- Crypto.com will serve as the custodian and prime execution agent for the ETF, offering additional services like staking and liquidity.
- The launch of the ETF is set for later in 2025, subject to regulatory approval.
- If approved, Trump Media would be among the first prominent media and tech companies to provide direct investment options linked to Bitcoin and Ether.
Read Full Article
6 Likes
Coinjournal
3w
88
Image Credit: Coinjournal
Truth Social files for a Bitcoin and Ethereum ETF
- Truth Social has filed for a Bitcoin and Ethereum ETF with the US SEC.
- The ETF, named the Truth Social Bitcoin and Ethereum ETF, seeks to provide exposure to both Bitcoin and Ethereum in a single product.
- This move signifies Truth Social's significant entry into digital finance and blockchain technology.
- The filing underlines the company's shift from a political platform to a player in the finance, crypto, and digital infrastructure sectors.
- The ETF aims to attract investors with exposure to Bitcoin and Ethereum within one investment vehicle, catering to a growing interest in cryptocurrencies.
- The proposed ETF sponsored by Yorkville America Digital, LLC is expected to track the market performance of Bitcoin and Ethereum, pending SEC approval.
- If approved, investors can gain regulated crypto exposure without holding digital assets directly, potentially broadening crypto adoption among traditional market participants.
- The Truth Social filing adds to the trend of mainstream platforms entering the digital asset space, striving to engage younger and tech-savvy demographics.
- SEC approval for the Truth Social Bitcoin and Ethereum ETF application would align with the increasing wave of crypto-related financial products in the US.
Read Full Article
5 Likes
TheNewsCrypto
3w
233
Ethereum (ETH) on the Edge: Will Bulls Take Charge or Fade Away?
- Ethereum (ETH) is trading around $2.6K, attempting to start a bull run with a 3.55% gain in the past 24 hours.
- The altcoin's daily low and high are around $2,493.20 and $2,637.35, respectively, breaking crucial resistance levels at $2,537 and $2,611.
- ETH's market cap is at $315 billion, with a daily trading volume increase of 41.16%, reaching $19.15 billion.
- The market has seen liquidations totaling $52.43 million worth of Ethereum in the last 24 hours.
- Over the last thirty days, ETH has only increased by around 5%, with a monthly low and high at $2.3K and $2.8K.
- Potential scenarios include Ethereum testing immediate support at $2,605, or dropping to previous lows of $2.5K if the bearish trend continues.
- On the other hand, if Ethereum regains bullish momentum, it could target a range between $2,650 and $2,676, possibly supported by a golden cross.
- Technical indicators show ETH's MACD and CMF signaling bearish conditions and strong buying pressure, respectively.
- Ethereum's RSI at 55.79 suggests a neutral-to-bullish stance, while the BBP value at 107.82 indicates a strong bullish momentum.
Read Full Article
14 Likes
TheNewsCrypto
3w
339
Crypto ETPs See $1.9B Weekly Inflows as Bitcoin and Ethereum Rally
- Crypto ETPs experienced $1.9 billion in weekly inflows with Bitcoin and Ethereum leading the rally.
- The Ether ETP recorded its largest inflow of $256 million since early December 2024 on June 11.
- Following the surge in Bitcoin and Ethereum prices, global crypto ETPs saw a nine-week streak of inflows, totaling $12.9 billion.
- Crypto ETPs saw a historic YTD inflow record of $13.2 billion, reaching a total AUM of $179 billion.
- Bitcoin rebounded after minor outflows, attracting $1.3 billion in inflows and increasing its AUM.
- Ether ETPs gained $583 million in inflows last week, marking significant growth since February.
- XRP investment products recovered with $11.8 million inflows after facing outflows over the past weeks.
- Grayscale recorded significant outflows of $1.6 billion, while ProShares remained the only issuer with YTD inflows.
- Ether ETPs notably saw eight consecutive weeks of inflows, accumulating $1.9 billion in total.
- Inflow of $256 million on June 11 marked the largest since December 2024 for Ether ETPs.
- All issuers faced YTD outflows apart from ProShares, which gained $437 million in inflows.
- Corporate Bitcoin and ETH treasuries are accelerating DeFi adoption, according to Lubin.
Read Full Article
20 Likes
TronWeekly
3w
291
Image Credit: TronWeekly
Crypto Market Buzz: Cardano, Huma Finance, Monero & Top Coins Driving the Market
- The crypto market is abuzz with Cardano's ADA trending with staking rewards and DeFi involvement, Huma Finance focusing on financial inclusivity, and Monero facing scalability challenges but remaining prominent with its privacy-focused approach.
- Santiment has highlighted Cardano, Huma Finance, Monero, Ethereum, Chainlink, Aave, and others as gaining interest in the market with staking rewards, price actions, and ecosystem additions.
- Cardano is seeing a bullish trend, offering significant staking rewards and making strides in DeFi while facing community divisions over proposals. The development of staking, NFT market, and partnerships contribute to ADA's interest and volatility.
- Huma Finance is gaining traction for financial inclusivity by allowing users access to Huma tokens via crypto wallets and engaging community members actively.
- Monero is rising despite scalability challenges, with discussions on how it fares against traditional financial entities in transaction rates. Suggestions like Layer 2 technology aim to enhance transaction bandwidth while preserving privacy.
- Ethereum remains a key player in the crypto market and DeFi space due to its high transaction volume, dynamic pricing, testnets, and network enhancements leading to increased relevance.
- Chainlink's decentralized oracle network and its support for DeFi infrastructure contribute to its importance. Aave has seen a significant uptick with staking and network upgrades, while Sushiswap's liquidity and governance capabilities also attract attention.
- Other rising currencies like Avalanche (AVAX) are under scrutiny for future growth forecasts and market performance, shaping the landscape of digital finance.
Read Full Article
17 Likes
Newsbtc
3w
17
Ethereum Whales Feast While Retail Flees—ETH Ocean Just Got Hungrier
- Big Ethereum wallets are accumulating more Ether while small investors are cashing out as prices remain stagnant.
- Wallets holding between 1,000 and 100,000 ETH added nearly 1.5 million ETH over the last 30 days, now controlling over 41 million ETH.
- Ethereum's price has seen a modest increase of 5% in the last 14 days and 5.4% over the past month, trading around $2,625.
- Whales are showing interest in specific services like Ethereum Name Service and layer 2 networks with notable increases in activity.
- Institutional interest in Ethereum remains strong with US spot Ether products experiencing inflows before a minor pullback.
- Big wallets continue to accumulate while institutions invest in Ether through ETFs, indicating a positive sentiment toward Ethereum.
- Despite the current sideways trading, the accumulation of coins by big holders could lead to upward price movements when demand increases.
Read Full Article
1 Like
TronWeekly
3w
308
Image Credit: TronWeekly
Ethereum Sparks Bullish Momentum as Breakout and Golden Cross Align, Is $3500 Next?
- Ethereum shows bullish momentum with major technical patterns aligning on different timeframes.
- ETH nears a golden cross between its 50-day EMA and 200-day EMA, signaling a potential trend reversal.
- Institutional flows and macro trends contribute to Ethereum's positive outlook.
- The breakout from a descending triangle and successful retest support a bullish scenario.
- Ethereum breached a long-time bearish trendline and forms a bullish consolidation pattern, hinting at a breakout.
- ETH/BTC chart movements suggest a shift in dominance towards Ethereum.
- Short-term price movements indicate stable support at an ascending trendline, reflecting growing demand.
- Long-term market structure resembles the accumulation, correction, and breakout phases of 2016, with added institutional participation and ETF optimism.
- On-chain and macro data support Ethereum's strength, with increased institutional flows and positive sentiment from DeFi and tokenization narratives.
- Ethereum's controlled volatility during support retests reinforces its bullish position.
- Near-term upside targets for Ethereum include resistance levels at $3,000 to $3,200, potentially leading to $3,500.
- Current indicators point to a favorable market position for Ethereum, with buyers showing interest in a breakout.
- Traders closely monitor the market for potential breakout opportunities.
Read Full Article
18 Likes
99Bitcoins
3w
419
Seriously WTF Happened to Altcoin Season? Gold Reaches ATH As Crypto Crashes
- Altcoin season has been less prominent this year compared to Bitcoin's performance.
- On-chain analytics platform Alphractal predicts a potential shift in the altcoin market.
- Altcoin dominance metrics are approaching historically significant levels, hinting at a rally.
- The market may be preparing for another altseason in the upcoming months.
- However, some skeptics believe that many altcoins from previous years have peaked in value.
- There is a debate about the utility of altcoins and whether they are merely speculative assets.
- Bitcoin faced a drop in value due to geopolitical tensions between Israel and Iran.
- Despite the turmoil, institutional investors showed interest in Bitcoin.
- Gold reached a multi-week high amid escalating tensions and weaker U.S. inflation data.
- Traders are watching for a potential climb towards the all-time high of $3,500 for gold.
- Uncertainty looms ahead of the Fed's policy meeting.
- The market awaits to see how Bitcoin, altcoins, and gold perform amidst ongoing volatility.
- Altcoin season's future remains uncertain amidst contrasting viewpoints in the crypto space.
- Geopolitical events continue to influence market sentiment and asset prices.
- There is a wait-and-see approach regarding the performance of Bitcoin, altcoins, and gold.
- Inflation concerns and labor metrics are key focal points as investors monitor Powell's actions.
- Gold, Bitcoin, and altcoins may benefit from market volatility but their performance remains to be seen.
Read Full Article
25 Likes
Cryptonews
3w
22
SharpLink Bets Big on Ethereum With US$463M Buy, Becomes No. 2 Holder
- SharpLink Gaming acquires 176,270.69 ETH for over US$460M, becoming the 2nd largest ETH holder globally.
- Over 95% of SharpLink's ETH holdings are staked, generating yield and supporting network security.
- Shares of SharpLink surged 2,100% then dropped 70% following a confusing SEC filing.
- The acquisition makes SharpLink the largest publicly traded holder of Ethereum, behind only the Ethereum Foundation.
- The purchase was made at an average price of US$2,626 per ETH.
- SharpLink's ETH acquisition was part of a new treasury model announced in May.
- SharpLink CEO views the move as a significant step due to the programmable nature of Ethereum.
- Joseph Lubin, Chairman of SharpLink and Ethereum co-founder, sees the initiative as timely with potential US legislation on digital assets.
- The company joins other corporate adopters by making ETH its core reserve asset.
- SharpLink faces stock volatility after a routine SEC filing highlighted risks related to ETH and the growth of CBDCs.
- Despite the stock's 70% drop post-filing, SharpLink remains up over 500% from pre-announcement levels.
- SharpLink's move signifies a major bet on Ethereum compared to other corporate crypto adopters like Bitcoin.
- SharpLink's CEO and Chairman are optimistic about Ethereum's future role in digital commerce and the global economy.
- The initiative aligns with SharpLink's strategy to leverage ETH's staking and liquid protocols for yield generation.
- The company aspires for Ethereum to become foundational digital infrastructure for decentralized applications.
Read Full Article
1 Like
Bitcoinist
3w
154
Image Credit: Bitcoinist
The 5 Bullish Cases That Says Ethereum Price Could Reach $10,000 In 2025
- Ethereum price is currently at $2,500 with uncertainty about its future trajectory.
- Crypto analyst Ash Crypto predicts Ethereum to reach $10,000 by 2025.
- Institutional buying, such as through BlackRock, indicates a positive trend for Ethereum.
- Institutions have already bought $240 million in ETH within minutes, suggesting increasing interest.
- The intention behind large institutional buys is to bet on Ethereum's future, expecting SEC approval for ETH staking.
- If SEC approves ETH staking, institutions can earn yield on investments, driving more adoption.
- Approval could lead to trillions of real-world assets moving to Ethereum, boosting usage and value.
- Ethereum's deflationary supply, due to fee burn mechanism, coupled with rising demand, can increase ETH value.
- Staking approval would enable institutions to earn passive income, further incentivizing them to hold ETH.
- The analyst highlights that 'smart money moves before the retail', indicating a strategic advantage for institutions.
Read Full Article
9 Likes
For uninterrupted reading, download the app