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Ethereum News
Tokenhell
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Price Analysis November 21st, 2024 – BTC, AVAX, SOL, ADA, ETH, and SHIB
- Bitcoin bulls continue to push the price towards $100,000 fueled by option contracts and institutional interest.
- MicroStrategy plans to raise $2.6 billion to buy more Bitcoin.
- CryptoQuant warns of a potential local peak in Bitcoin price.
- Technical analysis suggests potential price rallies for ETH, SOL, ADA, SHIB, and AVAX.
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Crypto-News-Flash
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Analyst Insights: Ethereum on Track for $7,000
- Ethereum's ascending triangle and bullish divergence signal strong growth potential, according to TradingView analyst CobraVanguard.
- Ethereum is underpriced and could easily reach $7,000, supported by strong technical signs.
- Investor confidence and holding patterns reinforce Ethereum's resilience and increasing momentum.
- Ethereum leads in on-chain activity and transaction volume among rivals.
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Dev
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Devcon 2024 Highlights, Smart Contract Revolution, Yoav Weiss on AA Future and AA Developer Survey
- Devcon 2024 took place in Bangkok from November 12 to 15 and presented groundbreaking advancements in diverse sectors.
- Researcher Justin Drake proposed the “Beam Chain” aiming for faster block times and quantum security, though deployment is expected post-2029.
- Ethereum launched the “Mekong” testnet, a precursor to the Pectra upgrade which includes user-friendly account abstraction and improved staking mechanisms.
- During Devcon 2024, Yoav Weiss gave a speech titled “Exploring the Future of Account Abstraction,” tracing its origins and discussing ERC-4337’s pivotal role.
- Weiss also explored EIP-7701, proposing native account abstraction at Layer 1 to enable improved censorship resistance and trustless cross-chain bridging.
- Safe co-founder Lukas Schor predicted that EIP-7702 could mark the tipping point for mass adoption of smart accounts, addressing a long-standing hurdle in Ethereum’s abstraction journey.
- EIP-7702 aims to allow users to upgrade existing externally owned accounts (EOAs) into smart accounts without changing their structure, making the transition seamless for current wallet users.
- Etherspot conducted a developer survey during the AA Community Hub at Devcon and extended the opportunity to participate in their AA Developer Survey to the broader Web3 community.
- This initiative aims to gather insights into the challenges developers face when implementing AA, ensuring Etherspot's tools and infrastructure meet the needs of the ecosystem.
- By participating, respondents will receive a detailed report based on the collected responses and a one-month free subscription to Etherspot’s Developer Plan for AA infrastructure.
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Bitcoinist
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Expert Calls Bitcoin’s Price Surge To $150,000 Imminent – The Timeline Will Shock You
- Bitcoin price surge to $150,000 predicted by crypto experts.
- Ali Martinez forecasts BTC reaching $150,000 in the current market cycle.
- Past trends suggest massive upsurge to $150,000 imminent in the next day or two.
- BTC continues bullish momentum, trading above $93,000 with potential for further gains.
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TheNewsCrypto
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Why Is Ethereum (ETH) Stalling at $3.1K While Bitcoin Surges?
- Ethereum (ETH) is stalling at around $3.1K while Bitcoin surges towards $100K.
- ETH is facing resistance at $3.4K and is in a consolidation phase.
- A breakout above the crucial resistance could initiate a new upward phase for ETH.
- Technical analysis shows a bearish momentum, but positive money flow and increased trading volume indicate potential demand.
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Blockonomi
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ETH Price: Network Activity Soars 38% as dApp Volumes Break Records
- Ethereum dApp volumes surged 38% in the last 30 days, reaching $3.54 billion
- Daily unique active wallets increased to 78.53k
- Gas usage is rising across DeFi, NFTs, and stablecoin transfers
- ETH currently trading around $3,114 with key resistance at $3,200
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Cryptoticker
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Why Ethereum (ETH) Price Is Not Rising?
- Over the past two days, gains of $230 million and losses of $141 million from selling activity show just how unpredictable the market can be.
- ETH has seen a slight increase of 0.56% as it is currently priced at $3,144.84, with a 24-hour trading volume of $36.07 billion.
- Rise in selling pressure from long-term holders has stalled any upward momentum in the ETH price.
- Another reason could be how investor behavior is shifting, as many investors are skipping ETH and jumping straight into altcoins that have been performing better recently.
- If Ethereum can regain attention, perhaps through developments in staking or other upgrades, it might regain some momentum.
- With its position above the 200-day simple moving average (SMA), Ethereum still signals bullish long-term momentum despite facing challenges.
- Ethereum recorded 16 green days in the last 30 days, reflecting a consistent, albeit moderate, upward trend.
- Recent selling pressure, driven by long-term holders cashing out, adds another layer of complexity to Ethereum’s immediate prospects.
- If the selling pressure eases and long-term holders stabilize their positions, Ethereum could regain its upward trajectory.
- Ethereum remains a long-term contender, and while its price may rise, its growth may not be as rapid or dramatic as other high-performing assets in the crypto market.
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Coinjournal
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Fundraising platform JustGiving accepts over 60 cryptocurrencies including Bitcoin, Ethereum
- JustGiving, a fundraising platform based in the UK, has partnered with The Giving Block to start accepting crypto donations.
- Users can now donate in over 60 cryptocurrencies, including Bitcoin, Ethereum, Tether, and Doge.
- The move aims to tap into the tech-savvy Millennial and Gen Z demographic, with 94% of crypto users belonging to these generations.
- Over the past five years, more than $2 billion has been donated to charitable causes through JustGiving.
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TronWeekly
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Ethereum’s Price Surge Bolsters Investor Confidence, As Independence from BTC Grows
- Ethereum's price surge and decreasing correlation with Bitcoin bolsters investor confidence.
- Retail investors continue to hold Ethereum despite price fluctuations, reflecting a 'buy and hold' sentiment.
- Ethereum is becoming less reliant on Bitcoin, showing increased independence in its market dynamics.
- Unrealized losses for Ethereum holders reach a four-year low, indicating a potential buying opportunity.
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Newsbtc
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Ethereum Consolidation Continues – Charts Signal Potential Breakout
- Ethereum has been consolidating since November 12, struggling to reclaim its yearly highs despite Bitcoin's rally.
- Analysts are optimistic about a potential breakout, with a key resistance level seen as a trigger for bullish sentiment.
- Ethereum's performance in the coming days will set the tone for its performance in the weeks ahead.
- The price action of Ethereum remains strong, with the market eagerly awaiting its next significant move.
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Cryptoslate
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SEC delays decision on Franklin Templeton’s crypto Index ETF to 2025
- The US Securities and Exchange Commission (SEC) has delayed its decision on Franklin Templeton’s application to launch a crypto index exchange-traded fund (ETF) offering exposure to Bitcoin (BTC) and Ethereum (ETH) to Jan. 6, 2025.
- The SEC can extend the 45-day deadline for decision up to 90 days if it finds additional time necessary to evaluate the rule change and associated issues.
- If approved, the Franklin Crypto Index ETF would trade on the Cboe BZX Exchange under the Franklin Crypto Trust with the ticker EZPZ.
- This delay comes as asset managers in the US seek approval for ETFs tracking cryptocurrencies like XRP, Solana (SOL), Hedera (HBAR), and Litecoin (LTC).
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Bitcoinist
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Ethereum Holders Endure Unrealized Losses – Is ETH Undervalued?
- Many ETH investors are enduring unrealized losses, similar to ETH's early 2020 bottom before its explosive rally.
- Data suggests that historic recoveries have followed phases of unrealized losses, presenting an opportunity for long-term ETH investors.
- ETH's underperformance compared to Bitcoin has led to a lower ETH-BTC NUPL, indicating potential accumulation opportunities.
- ETH is testing crucial demand above $3,000, with a potential breakout leading to a challenge of yearly highs.
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Crypto-News-Flash
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ETH Price Stalls as Ethereum DApp Volumes Hit 38% Monthly Growth
- Ethereum dominates in on-chain activities with $163.7 million in fees in the last 30 days.
- Ethereum recorded an on-chain volume of $149.9 billion, outshining BNB Chain.
- Solana witnessed an on-chain volume growth of 83% and recorded $133.4 million in fees.
- Ethereum's on-chain activities remain positive, but struggles to retest the $3.2k resistance level.
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Crypto-News-Flash
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Ethereum at $10K? Analyst Expects ETH to Mirror S&P 500 Rally
- Ethereum (ETH) whales have increased transaction activities as analysts predict an end of the long correction.
- Analyst Ali Martinez predicts ETH could hit $10k by the end of the cycle, following the S&P 500 rally.
- ETH has outperformed BTC in previous cycles, but it is yet to be seen in the current stage.
- Smart money investors are aggressively acquiring ETH as futures Open Interest surges, indicating potential growth.
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TheCryptoBasic
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XRP Reaches $1 Before Dogecoin and Cardano, What’s Next
- XRP has surged past $1, ahead of Cardano and Dogecoin, sparking discussions about its potential to challenge Ethereum for the second-largest crypto asset.
- XRP's rally was fueled by speculation of a resolution to the Ripple lawsuit after the CEO's meeting with President-Elect Donald Trump.
- Despite XRP's recent performance, reclaiming the second position from Ethereum would be challenging, as ETH currently holds a market cap of $376.45 billion.
- The growth rate required for XRP to reach ETH's valuation would be around 505.22%, necessitating significant institutional adoption and regulatory clarity.
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