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Ethereum News
Bitcoinist
4w
297
Image Credit: Bitcoinist
Bitcoin Traders Stay Defensive Near Highs as Ethereum Leverage Climbs
- Bitcoin has recovered to around $110,000 following last week’s decline, with many traders remaining cautious despite trading close to its all-time high.
- Analysts note a prevailing sense of caution among traders, with negative funding rates and flat leverage inflows indicating a lack of bullish conviction.
- The current rally in Bitcoin may be driven by underlying demand rather than speculative trading, with historical patterns suggesting potential for further price gains.
- Binance’s BTC/USDT perpetual contracts showed negative funding rates, indicating a bearish bias even as the price recovers.
- The Volatility Shares 2x leveraged long Bitcoin ETF (BITX) has seen a decrease in BTC exposure, suggesting a defensive stance among traders.
- Traders are refraining from aggressive bullish exposure via leverage in the Bitcoin market, with the defensive setup potentially leading to an unexpected surge if sentiment changes.
- In contrast, Ethereum markets are experiencing increased speculative activity, with the Volatility Shares 2x leveraged Ethereum ETF (ETHU) accumulating significant ETH exposure.
- Since April 8, ETHU has added over 305,000 ETH in exposure, surpassing the increase in CME ETH open interest during the same period.
- ETHU now holds a significant portion of ETH among US spot ETFs and CME’s ETH open interest, indicating a strong demand for leveraged Ethereum exposure.
- The rise in ETHU positions suggests traders are positioning for potential upward movement in Ethereum, potentially driven by policy developments or fundamental catalysts.
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TheNewsCrypto
4w
26
ETH Price Pulse – Decoding June Candlestick Patterns for Potential July Surge
- Ethereum (ETH) has shown bullish momentum, sparking curiosity about its July price trajectory among investors.
- The article analyzes Ethereum's June performance, candlestick patterns, technical indicators, and forecasts its July price movement.
- Key highlights include bullish trends, institutional interest, and optimistic market sentiment driving Ethereum's momentum.
- Candlestick analysis reveals strong bullish patterns with technical support and resistance levels identified.
- Price predictions for Ethereum in July range from cautiously bullish to neutral, with potential highs of $3,500+.
- A call to action includes diversifying investment with emerging tokens like Neo Pepe ($NEOP) and monitoring key factors affecting Ethereum in July.
- Investors are advised to stay informed, adaptable, and consider innovative opportunities for long-term growth in the crypto market.
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Blockonomi
4w
293
Image Credit: Blockonomi
Ethereum Fractal Signals Rally Potential as Key ETH Support Holds
- Ethereum retests $2,500 support, resembling a bullish fractal from early 2024.
- Weekly candle patterns suggest increasing buyer strength and potential rally continuation.
- ETH market cap surpasses $345 billion with renewed whale accumulation and volume surge.
- Open interest reaches record highs, indicating growing market participation in ETH trades.
- ETH has confirmed a $2,500 support retest, reminiscent of an early 2024 setup that led to a breakout.
- ETH's weekly gain exceeded 13% after testing the $2,500 zone, indicating revived buyer interest.
- Ethereum's price climbed above $2,800, reflecting bullish sentiment with a 5.62% rise over seven days.
- Traders observe Ethereum's strong market structure and price momentum for potential upward movement.
- A weekly candle pattern closely resembles a previous breakout, signaling aggressive buyer activity.
- Traders eye the $3,200 to $3,500 region as a key challenge, possibly leading to a retest of $3,900 to $4,000.
- ETH's market cap surpasses $345 billion, confirming a breakout from consolidation and a bullish setup.
- Whale activity resurfaces with significant accumulation, and open interest in ETH hits all-time highs.
- Technical indicators suggest continued upside for Ethereum as market confidence grows.
- If the fractal pattern persists, Ethereum may target yearly highs, staying in the spotlight.
- Ethereum Fractal Signals Rally Potential as Key ETH Support Holds
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Newsbtc
4w
368
Image Credit: Newsbtc
Ethereum Prepares For Massive Run After $2,800 Reclaim – ‘Up Only’ Ahead?
- Ethereum (ETH) is aiming to surpass its January 2025 price range, with analysts predicting a 10% surge before reaching new highs.
- ETH has reclaimed the $2,800 level, approaching $2,900, after trading within the $2,475-$2,680 range since May.
- Analyst Carl Runefelt suggests Ethereum has broken out of an ascending triangle pattern and targets the $3,100 resistance level.
- Runefelt forecasts a 15% surge if ETH holds above the crucial resistance level, potentially climbing another 10.7%.
- Ethereum's ETH/BTC pair has also formed a bullish pennant pattern, indicating a possible 30% increase towards the 0.03300 mark.
- Market Watcher Kaleo draws parallels between ETH's current performance and its trajectory in 2020, suggesting the potential for a significant bull run.
- While Ethereum faced a recent sell-off due to the Trump Tariffs scare, analysts believe reclaiming key support levels could lead to a new all-time high.
- Analyst DonAlt notes that ETH's chart appears promising with the HTF range reclaim, with the potential for a new ATH if the $3,800 resistance is broken.
- ETH is currently trading at $2,803, reflecting a 6.7% increase in the daily timeframe.
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Newsbtc
4w
31
Image Credit: Newsbtc
Ethereum Price Tests Ascending Channel Resistance – Breakout Or Breakdown?
- Ethereum surged past $2,820, indicating a potential breakout amidst global market optimism.
- Traders are optimistic about ETH rallying beyond current levels spurred by speculation of a US-China trade deal.
- Ethereum faces a critical moment as it nears the upper boundary of an ascending channel, requiring a breakout for further upside.
- Analyst M-log1 highlights the importance of Ethereum breaking out of the current channel for a strong move ahead.
- Market focus is on volume and confirmation signals that could signal a broader trend for Ethereum.
- Ethereum's price strength is crucial for determining the start of a broader altcoin rally, with attention on reclaiming higher levels.
- Bulls are currently in control but need to surpass the ascending channel for significant developments.
- Ethereum's moving averages trending upward provide support and indicate a favorable technical outlook.
- Breaking $2,800 and surpassing the channel structure could drive capital rotation into altcoins.
- Ethereum faces resistance at $2,800 after briefly breaking above, indicating a potential retest at key levels.
- ETH's rejection from $2,834 suggests further confirmation is needed for a clean breakout.
- The $2,750–$2,800 zone, acting as immediate resistance, aligns with the critical 200-day SMA.
- Sustained price above resistance and holding the 200-day SMA could pave the way for a move towards $3,000.
- Ethereum's recent surge above major moving averages reflects strong bullish momentum and trend structure.
- Volume increase indicates growing interest, with the next few candles crucial for Ethereum's near-term direction.
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Bitcoinist
4w
11
Image Credit: Bitcoinist
Binance Proof Of Reserves Shows Exchange Holds No Ethereum Or Solana, So What Do They Hold?
- Binance's latest Proof of Reserves audit for Ethereum and Solana reaffirms that all customer assets are fully backed at a 1:1 ratio.
- The audit reveals that Binance holds no excess reserves of ETH and SOL beyond customers' deposits, reflecting their policy of fully backing user funds.
- The report shows Ethereum and Solana balances closely matching user deposits, leading to a 100.00% reserve ratio for both cryptocurrencies.
- This could indicate a strategic decision by Binance to allocate reserves toward other assets as compared to Ethereum and Solana.
- Binance holds more reserves in stablecoins like BUSD, USDC, FDUSD, and USDT, with significant surplus to maintain stability and liquidity.
- Bitcoin reserves on the exchange exceed customer balances, and surplus reserves are also noted in XRP, SHIB, LTC, BNB, and DOGE.
- Litecoin (LTC) on Binance shows a strong reserve ratio of 113.61%, Binance Coin (BNB) is over-backed at 111.74%, and Dogecoin (DOGE) is notably over-collateralized at 110.99%.
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Coinjournal
4w
111
Image Credit: Coinjournal
Ether outperforms Bitcoin in May; ETH derivatives volume surpasses BTC on OKX
- Ether (ETH) outperformed Bitcoin (BTC) in May, with a nearly 11% rise compared to BTC's 5% increase.
- ETH's trading volume on OKX's perpetual futures market surpassed BTC, accounting for 45.2% versus BTC's 38.1%.
- Institutions continue to show interest in Ethereum, betting on its growth potential in DeFi and TradFi.
- The stablecoin market is booming, reaching a record market capitalization of $228 billion, with Tron leading in stablecoin inflows.
- Tron has attracted over $6 billion in net stablecoin inflows in May, becoming a liquidity magnet.
- Stablecoin reserves on centralized exchanges, particularly USDC, have increased, supporting crypto trading liquidity.
- Ethereum and Solana experienced stablecoin outflows, while Tron and other Layer 1 solutions attracted capital.
- Institutional and retail investors are showing a preference for faster-executing chains with evolving ecosystems and incentive programs.
- Despite market volatility, institutional interest in both Ethereum and Bitcoin remains strong.
- OKX's derivatives market activity indicates a growing institutional appetite for Ethereum.
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Bravenewcoin
4w
337
Image Credit: Bravenewcoin
Ethereum ETFs Just Had Their Best Day Since February
- Ethereum broke above $2,800 for the first time since February, with a positive alignment of regulatory, market, and technological factors supporting ETH's surge.
- BlackRock's iShares Ethereum Trust ETF (ETHA) saw significant inflows, indicating renewed institutional confidence in Ethereum.
- Ethereum's recent spike in value is attributed to regulatory optimism, as the SEC hinted at potential relief for DeFi projects.
- Ethereum governance tokens like Uniswap, Aave, and Sky also saw price increases in response to positive regulatory signals.
- Vitalik Buterin's support for a scalability upgrade to Ethereum's base layer signals long-term commitment to Ethereum's development.
- Ethereum's recent Pectra upgrade was successful and significant, reinforcing confidence in the platform.
- The influx of funds into U.S.-listed Ethereum ETFs, totaling $3.5 billion in net inflows since July, indicates growing institutional interest.
- As Ethereum gains momentum and with regulatory and technical factors in its favor, investors are showing renewed interest in the cryptocurrency.
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Newsbtc
4w
360
Ethereum To $3,400? On-Chain Shows No Big Hurdles Ahead
- On-chain data suggests Ethereum faces no dominant resistance levels until $3,417, potentially paving the way to reach that mark.
- Cost Basis Distribution analysis by Glassnode indicates Ethereum's supply distribution is more evenly spread out, reducing potential resistance barriers.
- Ethereum managed to break through supply levels at $2,700, $2,740, and $2,760, which were previously hindering its price surge.
- Supply levels concentrated with investors' cost basis are considered important as they may trigger selling reactions when retested from below.
- Levels with significant supply can act as resistance barriers, while lower levels can provide support based on holders' mindset.
- The $2,700, $2,740, and $2,760 supply walls that Ethereum reclaimed could now potentially serve as strong support zones.
- The distribution of Ethereum's supply at levels ahead shows no strong clusters until $3,417, with 200,000 to 400,000 ETH at each $50 increment below that mark.
- Glassnode mentions that if the $2.70K–$2.76K support range holds, the path to $3.42K remains technically open, depending on holders' responses in the $2.8K–$3.3K range.
- Currently, Ethereum is up 47.5% year-to-date, briefly breaking above $2,830 before seeing a pullback to $2,780.
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Bitcoinsensus
4w
422
Image Credit: Bitcoinsensus
Szilágyi Accuses EF of a $5M Offer, Geth Ouster, and Developer Pressure
- Szilágyi accuses EF of a $5M offer, Geth ouster, and developer pressure before being fired.
- Ethereum Foundation allegedly funded a parallel Geth team within Nethermind without informing the main team.
- Szilágyi claims EF offered $5 million for a spin-out of the Geth team and funded a separate team within Nethermind.
- He insisted on a public apology and refused to return until his condition was met.
- Ethereum uses a multi-client architecture to enhance network resilience with clients like Geth, Nethermind, and Besu.
- Péter Szilágyi is the technical lead and main maintainer of the Geth client.
- Szilágyi was reportedly fired within 24 hours after a meeting regarding the 'secret second Geth team'.
- He claims the new EF lead encouraged Geth team members to seek employment elsewhere.
- Szilágyi declined multiple attempts by EF to return without a public apology.
- The Ethereum Foundation has not publicly responded to these accusations.
- Tomasz Stańczak mentioned there is no plan to remove Geth.
- The situation involves a push for improvements by EF alongside major leadership shifts, including the departure of Vitalik Buterin.
- The conflict between Szilágyi and EF raises questions about leadership decisions and team dynamics.
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Bitcoinist
4w
355
Image Credit: Bitcoinist
Ethereum Continues To Outperform BTC In Q2 – Is A Bullish Run Brewing?
- Ethereum has been outperforming Bitcoin in Q2, showing stronger momentum and gains.
- ETH's price has risen by over 50% in Q2, surpassing Bitcoin's growth.
- The ETH/BTC ratio continues to increase, indicating a shift in market leadership.
- ETH surged past the $2,692 level and may target $2,800 next.
- Technical indicators like RSI suggest potential for further growth.
- Experts predict strong buying pressure could lead to ETH's next leg up.
- An analysis indicates that ETH's rally could extend after breaking $2,750 resistance.
- Breaking this crucial level may pave the way for ETH to reach $2,800.
- Investors cautioned to observe sustained close above $2,750 for continued bullish sentiment.
- ETH's breakout above $2,750 signals potential for a rally towards $2,800.
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TronWeekly
4w
337
Image Credit: TronWeekly
Ethereum Foundation Flags AI and Cross-Chain Features as Risk Factors
- The Ethereum Foundation released its first security report under the Trillion Dollar Security program, highlighting vulnerabilities related to cross-chain features and AI-generated code.
- Cross-chain functions introduce exploit risks due to weak message validation in bridge contracts.
- AI-generated code is identified as a security concern due to inconsistent standards and risky automation.
- Multi-hop bridges in L2 chains pose a risk of unauthorized balance minting and financial breaches.
- Semi-centralized governance in L2 networks may compromise security and transparency.
- Response systems to hacks in the Ethereum ecosystem are largely informal and delayed.
- Centralization concerns arise from validator collusion and governance concentration affecting the Ethereum base layer.
- Liquid staking protocols face risks of validator collusion for MEV theft and transaction manipulation.
- The Ethereum Foundation emphasizes the urgency to address security issues as the network's value grows.
- Governance, monitoring, and centralization are flagged as further concerns impacting Ethereum's security.
- The Foundation advocates for systemic protections and security enhancements to safeguard the protocol.
- The report underscores the need for standardized incident tracking and response frameworks.
- Security councils are proposed as upgrade controllers to address potential misuse of power in interconnected chains.
- The Foundation aims to promote transparency and security in handling cross-chain vulnerabilities and AI-generated code risks.
- Upgrade controllers can be used to prevent breaches and maintain security in semi-centralized L2 chains.
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Crypto-News-Flash
4w
97
Image Credit: Crypto-News-Flash
Sandeep Nailwal Becomes Polygon Foundation CEO, Declares Zero-to-One Reboot
- Sandeep Nailwal has become the CEO of Polygon Foundation, emphasizing faster decisions and a leaner structure.
- Polygon drops zkEVM and shifts focus to PoS scaling and Agglayer interoperability.
- Nailwal takes control as CEO, stressing clear direction and focused execution.
- Polygon Foundation, including Polygon Labs, remains under Nailwal's leadership.
- The Foundation possesses significant cash reserves for long-term development.
- Strategic decisions are made to strengthen POL and enhance market clarity.
- Polygon zkEVM will be closed next year, with a focus on Polygon PoS and Agglayer.
- Polygon PoS will specialize in stablecoin payments and real-world assets.
- The Gigagas roadmap aims for over 5,000 TPS with sub-one-second finality by September or October.
- Agglayer version 0.3 is set to launch, focusing on interoperability features by Q3 end.
- The Ethereum instability caused Polygon to reset its growth plans.
- Polygon is realigning its structure towards bolder and faster changes.
- ZK research is being separated into standalone projects, with Polygon ZisK led by Jordi Baylina.
- Polygon will continue contributing to ZK efforts in a more neutral capacity.
- Polygon aims for user-focused adaptations away from its previous research-focused approach.
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Blockonomi
4w
209
Image Credit: Blockonomi
Ethereum Price Nears $3K as ETH ETF Inflows and Options Skew Turn Bullish
- Ethereum sees potential bullish momentum with rising institutional interest, options activity, and ETF inflows signaling a move past $2,800 resistance.
- Options skew shifts as traders hedge upside exposure, with increased demand for short-dated calls for potential price rally.
- Institutional accumulation evident with over $1 billion inflows in Ethereum ETFs over the past weeks.
- Market split on near-term outlook as puts dominate under $2,700 while bullish signals emerge.
- Price testing $2,800 resistance with momentum slowing and uncertain market volume.
- ETH faces rejection near $2,800, with indicators showing bearish momentum and no confirmed breakout.
- Despite resistance, bounce from bullish order block suggests potential for large price rallies if ceiling breaks.
- ETH trades at $2,854.70, up 3.98% in the past 24 hours with weekly gains of 7.06%.
- Trading volume drops 6%, indicating market consolidation ahead of clearer signals from options market and ETF demand.
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TechBullion
4w
111
Image Credit: TechBullion
HBAR Jumps 21.7%, ETH Nears $2000, Cold Wallet Shows 4,900% ROI Potential as Valuable Crypto Coin
- Ethereum (ETH) and Hedera (HBAR) are showing technical strength, with ETH nearing $2000 and HBAR enjoying a 21.7% weekly rally.
- Cold Wallet ($CWT) is gaining attention with a projected 4,900% ROI potential, focusing on privacy and user control in crypto.
- ETH is stable near $1782 and aims for $2000 with positive technical indicators like RSI and strong trading volumes.
- HBAR continues its climb, up 21.7% this week, showing high momentum but also potential short-term overheating.
- HBAR's BBTrend is at 6.83, pointing to increased volatility and bullish pressure, nearing the $0.20 resistance.
- Cold Wallet ($CWT) offers a hybrid system for secure but user-friendly crypto storage, emphasizing privacy through Zero-Knowledge Proofs.
- $CWT, priced at $0.0087 in presale with a target of $0.351, is expected to launch innovative features benefiting users.
- Cold Wallet's $CWT token powers the platform, enabling users to access features, participate in decisions, and earn rewards.
- The project is set for an MVP launch in Q3 2025 and aims for exchange listings in Q4, targeting growth and real-world adoption.
- Positive market sentiment is driven by ETH and HBAR's bullish trends, while Cold Wallet stands out for utility and security features.
- The project aims to offer clarity and purpose in a noisy crypto market, aligning its roadmap with potential success in 2025.
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