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Ethereum News
Coindoo
3w
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ETH/BTC Bounces From Key Historical Support Zone
- ETH/BTC has bounced from a key historical support zone, sparking speculation about a potential rotation back into Ethereum.
- Previous visits to this support level have resulted in strong rallies for Ethereum relative to Bitcoin, prompting traders to monitor for a potential repeat scenario.
- Traders are closely watching key resistance levels at 0.081 and 0.149, as breaking through these levels could indicate a bullish reversal favoring Ethereum over Bitcoin.
- Bitcoinensus suggests that this bounce could signify the start of a long-term accumulation phase for Ethereum, particularly as macro trends and institutional interest align in ETH's favor.
- With Ethereum's fundamentals improving and historical patterns indicating bullish signals, traders are preparing for a potential shift away from BTC and back into altcoins, spearheaded by ETH.
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Coindoo
3w
36
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Ethereum Faces $2,600 Test as Institutions Bet Big on Staking ETF Potential
- Analyst Michaël van de Poppe sees $2,600 as a crucial resistance level for Ethereum (ETH) to surpass, with a possible retest of recent lows before reversal due to weekend volatility.
- Institutions remain confident in Ethereum, with BlackRock and other ETF issuers accumulating $240 million of ETH in anticipation of regulatory approval for Ethereum staking ETFs, offering passive income opportunities.
- If Ethereum staking ETFs are approved, it could create significant yield opportunities by combining traditional ETF exposure with staking rewards.
- This development aligns with Ethereum's value proposition, including hosting real-world assets, a deflationary supply model, and the largest technology stack in the crypto sector.
- Traders are focused on navigating resistance levels, while long-term investors are optimistic about Ethereum potentially reaching $10,000 by capitalizing on staking ETF prospects, indicating a divergence between short-term volatility and long-term conviction.
- Ethereum's future success is based on its ability to attract institutional interest and potential approval of innovative ETF products.
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Newsbtc
3w
367
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Ethereum Holds $2,500 Support – History Signals $4,000 As Potential Target
- Ethereum is holding above the $2,500 support zone as global tensions rise due to conflicts in the Middle East.
- Market sentiment is cautiously optimistic with investors monitoring for any breakdown or breakout.
- Top analyst Rekt Capital notes Ethereum's historical support at $2,500, indicating potential rallies to $4,000.
- Despite a recent 14% drop and geopolitical uncertainties, Ethereum remains resilient.
- Recent attacks between Israel and Iran have disrupted market momentum, leading to increased volatility.
- Ethereum's ability to hold $2,500 support is crucial for signaling a bullish momentum.
- The $2,500 level has historically been a launchpad for rallies to $4,000 in the past.
- ETH has defended the $2,500 region for five weeks, establishing a solid support zone.
- Currently trading at $2,556, Ethereum faces resistance near the $2,830 level.
- ETH has held above the 50-day and 100-day moving averages, indicating positive momentum.
- The $2,500-$2,520 support zone is crucial, with a break below potentially shifting sentiment bearish.
- Volume has spiked amid recent sessions, reflecting heightened interest and price reactions.
- A breach of the $2,500 support could lead Ethereum towards $2,300.
- Investors are closely watching Ethereum's ability to maintain current levels to predict altcoin direction.
- Ethereum's performance amid geopolitical tensions will likely set the tone for the broader crypto market.
- The $2,500 mark remains a key level to observe for Ethereum's near-term movements.
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Coindoo
4w
0
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Ethereum’s Longest ETF Inflow Streak Ends With $2.1M Outflow
- Ethereum ETFs experienced a historic 19-day streak of net inflows totaling nearly $1.4 billion from May 16 to June 12.
- On June 13, this streak ended with the first day of negative flow, recording a $2.1 million net outflow.
- One standout day during the streak was June 11, with $240 million in net inflows, the highest daily figure.
- The consecutive inflows reflected increasing institutional interest and confidence in Ethereum amidst market recovery.
- The reversal on June 13, albeit small, suggests a potential shift in sentiment or profit-taking by investors.
- This development showcases the strong demand for Ethereum-based investment products.
- Market observers will be monitoring whether this outflow marks a temporary cooling or the start of a broader pullback.
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Coindoo
4w
234
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What Traders Are Betting on for BTC and ETH, According to This Metric
- Bitcoin traders bought the dip as its price bottomed, leading to a relief rally.
- Ethereum traders have shown reactive behavior, going long after rallies and shorting after retracements.
- Ethereum traders are more likely to be caught offside, entering long positions at tops and short positions at bottoms.
- Exchange funding rates show traders' costs to maintain leveraged positions, with positive rates indicating bullish sentiment.
- Overly bullish or bearish positions can precede market reversals.
- Traders' overconfidence can signal local tops or bottoms.
- Bitcoin currently reflects stronger bullish sentiment compared to Ethereum.
- Ethereum may face downside risk if the pattern of short-term greed and fear persists.
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TronWeekly
4w
35
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Ethereum Whales Add 1.49M ETH Fueling Explosive Bullish Outlook
- Ethereum whales have increased their holdings by 1.49 million ETH in the past 30 days, marking a 3.72% rise.
- Ether surpassed $2,800 for the first time in four months, indicating a bullish trend.
- Analysts suggest a potential 438% surge for Ethereum, setting a target above $10,000 if $2,500 support remains strong.
- Large-scale accumulation by top-tier holders is seen as a positive indicator for Ethereum's price growth.
- Historically, increased whale activity has foreshadowed significant market price movements.
- Ethereum's breach of the $2,800 level is seen as a critical move, potentially paving the way for a rally towards $3,500–$4,000 with sustained momentum.
- To confirm a bullish reversal, Ethereum needs to stay above the $2,750 breakout level according to analysts.
- Failure to maintain the breakout level could result in Ethereum retracing to the earlier trading range.
- Crypto Patel predicts a substantial surge for Ethereum, targeting a price above $10,000 based on a multi-year bullish setup.
- ETH experienced a 9.6% decline in the past 24 hours, currently struggling to hold the $2,500 level.
- Despite the recent pullback, Ethereum's long-term outlook remains optimistic if key support levels are maintained.
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Crypto-News-Flash
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Bectra Makes Berachain Smarter with Gas-Saving Features
- Bectra upgrade introduces smart wallets, gas-saving features, and batch transactions on Berachain for improved user experience.
- Developers and validators benefit from flexible staking exits and cost-efficient data management powered by Bectra.
- Berachain's Bectra update offers practical enhancements, outpacing features on the Ethereum mainnet.
- Smart wallet integration allows for daily spending limits, routine payments, and automatic gas payments for users.
- Validators can now withdraw staking funds directly through the execution layer with greater flexibility.
- Developers receive new options for building cost-effective applications without waiting for hard forks, adjusting data storage costs at will.
- Technical upgrades like precompiling for BLS signatures and improved gas calculations aim to keep the network fast and operation costs low.
- Berachain ventures into the entertainment sector with the launch of BERA.TV, an AI-driven streaming platform for live events.
- The BERA token trading around $2.09 reflects a positive market response to Bectra's update, with a market cap of approximately $251 million.
- The update signifies a shift towards bringing Web2 application features to blockchain networks, enhancing user experiences for new and existing users.
- Bectra's impact may not be immediately noticeable to everyone, but it marks a usability improvement for Berachain's users in the crypto space.
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Coindoo
4w
279
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Ethereum Whales Quietly Accumulate as Retail Takes Profit — What It Could Signal Next
- Wallets holding between 1,000 and 100,000 ETH have added 1.49 million ETH over the past month, increasing their share to nearly 27% of Ethereum's circulating supply.
- 6,392 large wallets, known as whales and sharks, are accumulating ETH, contrasting retail investors who have been selling during price volatility.
- Historically, periods where large wallets accumulate while retail investors sell have signaled significant market reversals or upward price momentum.
- The divergence in behavior indicates growing confidence among seasoned players, despite cautious general sentiment in the market.
- Accumulation by major investors could suggest an expectation for Ethereum's strength to increase, supported by improving fundamentals and evolving ETF narratives.
- Previous cycles have shown that such accumulation by whales can be an early sign of broader market recoveries.
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Coindoo
4w
234
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Ethereum Foundation Donates $500K to Tornado Cash Co-Founder Roman Storm’s Legal Defense
- The Ethereum Foundation donated $500,000 to Tornado Cash co-founder Roman Storm's legal defense.
- The foundation also committed to matching up to an additional $750,000 in community donations.
- Storm is striving to raise $2 million for his trial scheduled to commence on July 14 in New York.
- He is facing charges related to money laundering conspiracy and violating U.S. sanctions laws associated with the Tornado Cash protocol.
- The protocol allegedly facilitated illicit transactions, including those tied to North Korea’s Lazarus Group.
- Storm contends that Tornado Cash was developed to protect financial privacy, not for illegal activities.
- His legal defense has garnered attention within the crypto community as a test for open-source developers' rights.
- The Ethereum Foundation's donation reflects growing institutional worry about legal actions against blockchain developers and privacy tools.
- The aim of the foundation's contribution and matching fund is to rally broader support from the crypto ecosystem with the impending trial.
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Medium
4w
261
MaAvatar: Step Into a New World of Web3 Expression and Empowerment
- MaAvatar is a Web3-native identity ecosystem that combines avatars, quests, rewards, and storytelling.
- Users' avatars in MaAvatar evolve based on their actions, achievements, and experiences in the metaverse.
- MaAvatar allows gamers, collectors, creators, and explorers to express themselves and their values on-chain.
- The platform offers dynamic Web3 identity that changes with user activities and interactions.
- MaAvatar provides gamified quests, tasks, and challenges that engage users and offer rewards.
- Users earn MAAV Points for various actions, unlocking token & NFT airdrops, whitelist access, ambassador tiers, and more.
- The MaAvatar community emphasizes collaboration, events, and shared storytelling.
- It reintroduces personality and presence in the Web3 space, offering digital self a narrative beyond just data points.
- MaAvatar serves as a universal identity and a shared experience in the increasingly fragmented Web3 world.
- To begin, users can claim a MaAvatar, join Zealy, complete quests, earn rewards, and explore.
- MaAvatar aims to make users part of the blockchain's essence and lets their stories unfold.
- The platform provides an opportunity for users to engage with the evolving Web3 landscape.
- MaAvatar signifies a shift towards personal narratives and community-driven experiences in the Web3 realm.
- Users are encouraged to participate, earn rewards, and contribute to the collective narrative of MaAvatar.
- The platform offers a way for users to establish a dynamic digital presence in the Web3 ecosystem.
- MaAvatar embodies the essence of Web3, blending identity, rewards, and storytelling into a cohesive experience.
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TronWeekly
4w
186
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Ethereum Outshines Bitcoin in ETF Inflows as Institutional Momentum Builds
- Ethereum ETFs saw a fivefold surge with 154,000 ETH in weekly inflows, surpassing Bitcoin in institutional interest.
- A record of 77,000 ETH flowed into Ethereum spot ETFs on June 11, signaling growing institutional momentum.
- Institutional investors are shifting from BTC to ETH attracted by staking yields and Ethereum's broader utility.
- Bitcoin ETFs received only 7,800 BTC in inflows, indicating stagnation and increased volatility.
- Ethereum's dominance in crypto ETF inflows suggests a potential shift in institutional sentiment towards the second-largest cryptocurrency.
- ETH's influx is attributed to its improving fundamentals in DeFi, staking, and Layer 2 scaling advancements, enhancing its appeal.
- While Bitcoin ETFs remain pivotal, Ethereum's continuing momentum is driven by its versatile use cases and potential for higher returns.
- The divergence in ETF inflows hints at a preference for assets like Ethereum with broader utility and growth prospects.
- Institutions are reallocating capital from BTC to ETH for increased upside potential, with a focus on Ethereum's expanding features.
- Ethereum's role in DeFi, smart contracts, and NFTs positions it as a dynamic asset prompting a shift in institutional investment strategies.
- There is a growing interest in Ethereum's ETFs, potentially marking the beginning of a broader reallocation trend in institutional crypto investments.
- ETH's ETF momentum may lead to further price appreciation, solidifying its position as a leading force in institutional crypto adoption.
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Bitcoinist
4w
296
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Ethereum Bullish Bets Rise: ETH’s Cash-Margined Open Interest Skyrockets To New Levels
- Ethereum experienced a bullish momentum after a period of bearish pressure earlier this week.
- ETH's price saw a pullback on Thursday, falling below $2,700 and converting it back into a resistance level.
- Glassnode reported a significant surge in Ethereum Cash-Margined Futures Open Interest to a new all-time high of $20 billion.
- The surge in open interest suggests a resurgence of activity in the derivatives market, signaling increased interest in ETH without relying on crypto-backed collateral.
- Traders are increasing leverage with stablecoins, indicating ongoing bullish bets despite a minor retreat from $2,800 levels.
- ETH's recent pullback brought its price below key support levels, turning them into strong resistance levels.
- The Cost Basis Distribution levels at $2,760 and $2,700 are now acting as robust resistance points, impacting ETH's price movements.
- Glassnode notes that the cost basis bands are more evenly distributed, ranging from $2,760 to $3,420, with a significant resistance at $3,417.
- If ETH can reclaim the $2,700 and $2,760 range, its path to $3,420 may reopen, but the pace depends on holders' responses in the $2,800–$3,300 zone.
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Bitcoinist
4w
243
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The Curse Of Ethereum: First-Ever ETH Treasury Company Suffers Sharo 73% Crash – Details
- Sharplink Gaming (SBET) suffers a significant 73% stock crash after establishing an Ethereum treasury.
- Reports suggest investors are offloading SBET shares following the creation of the ETH Treasury, favoring Bitcoin Treasury Reserve according to Steven Lubka.
- Sharplink Gaming became the first public company to set up an Ethereum reserve, launching a $425 million plan.
- Joseph Lubin, CEO of Consensys, was appointed as the Chairman of Sharplink Gaming following the ETH reserve plan.
- Participants in the private placement offering are rumored to be looking to sell their shares after the ETH Treasury move.
- Sharplink Gaming plans to boost its ETH Treasury Reserve by filing a $1 billion shelf offering with the US Securities and Exchange Commission.
- Joseph Lubin clarifies rumors of selling SBET stocks, stating the filings are for potential resale by prior investors and not indicative of actual sales.
- Despite the setback, SBET stock is up over 300% year-to-date and more than 1,000% since adopting Ethereum as a reserve asset.
- Current Ethereum price hovers around $2,500, showing an over 8% drop in the last 24 hours.
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TechBullion
4w
261
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Unstaked Nears $10M as Smart Utility Gains Traction, as Ethereum Eyes Breakout and SUI Stays Under Pressure
- Unstaked has raised over $9.8 million in its best AI crypto presale, nearing the $10 million mark, propelled by real-world AI features.
- Ethereum is eyeing a breakout with bullish signs near the $2,700 resistance zone, supported by technical strength and ascending triangle patterns.
- Sui (SUI) faces pressure from monthly coin unlock events, adding $140 million to its circulating supply, causing price drops.
- Unstaked (UNSD) gains attention for its practical utility and early-stage momentum, potentially outpacing older coins battling volatility.
- Ethereum's bullish indicators point to potential upside targets of $3,300 to $4,000 if it closes decisively above $2,500 to $2,700.
- Sui (SUI) shows promise and risk, with analysts citing Elliott Wave setups, but cautioning against falling below $3.38.
- Unstaked's approach focuses on real utility and strong community incentives, crossing $9.8 million in presale with coins priced at $0.01139.
- Unstaked's Proof of Intelligence rewards active participation, linking real use to rewards beyond speculation, with plans for smart DeFi functions.
- Unstaked is running a $1 million giveaway for early backers, with a chance to win $50,000 in UNSD coins with a minimum $100 buy and community engagement.
- Unstaked stands out in a mixed crypto market, offering smart design, real utility, and growth potential with nearly $10 million raised.
- Ethereum is showing strength, Sui faces pressure from monthly coin releases, while Unstaked focuses on real utility and growth.
- Unstaked is carving its path with AI features, real utility, and strategic growth, as leading projects emphasize foundational value.
- Top coins like ETH and SUI are facing obstacles, while Unstaked with AI model is set for growth.
- Ethereum holds potential for an upside breakout, SUI shows promise and risk, and Unstaked offers real utility and growth potential.
- Unstaked's early success in the presale and its AI reward system distinguish it in the evolving crypto landscape with strong growth prospects.
- In a market of mixed signals, projects like Unstaked with solid foundations and practical value are seen as leaders in the next stage of crypto evolution.
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TronWeekly
4w
195
Image Credit: TronWeekly
SharpLink Stock Crashes 70% as SEC Filing Sparks Market Panic
- SharpLink stock plummeted over 70% in after-hours trading following an SEC filing indicating potential share dilution.
- Nearly 59 million shares could be resold by investors, leading to a rapid sell-off.
- The company seeks to raise $1 billion for a significant Ethereum treasury, positioning itself as a Web3 financial innovator.
- SharpLink Gaming, a NASDAQ-listed Ethereum-based platform, saw its shares drop by more than 70% in post-market trading.
- This decline ensued after the filing of an S-3 registration statement with the SEC allowing for the potential resale of millions of common shares.
- Earlier optimism faded after a recent private investment was made into the company led by Consensys, focused on building an Ethereum corporate treasury.
- SharpLink's stock closed Thursday down 12.25% in regular trading, further falling to $8 in post-market activity before a slight rebound.
- The SEC filing revealing the potential resale of shares by PIPE investors triggered market fears and a significant sell-off.
- Company insiders maintain that the panic regarding the shares' potential flood into the market was premature.
- Consensys CEO Lubin clarified that the registration was a standard procedure and not indicative of immediate sales.
- Despite the market turmoil, SharpLink remains committed to its goal of building a substantial Ethereum treasury.
- Speculation suggests a possible $1 billion ETH acquisition announcement in the future, which could impact market sentiment.
- The company's long-term strategy involves converting significant capital into Ethereum to create a large ETH-based treasury in the public market.
- SharpLink, with its Ethereum ambitions, faces a balancing act between crypto innovation and traditional market uncertainties.
- The market reaction to the SEC filing was deemed as driven by fear, uncertainty, and doubt (FUD) by company officials.
- The effects of Thursday's stock plunge on SharpLink will depend on its future moves and announcements in the crypto and financial spheres.
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