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Ethereum News
Bitcoinsensus
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Whales Accumulate $800M in Ethereum: Is a Rebound Ahead?
- Ethereum gained 2.65% and approached $2,000, showing signs of recovery.
- Whale investors accumulated $800,000,000 worth of Ethereum, indicating confidence in its long-term potential.
- This surge in whale activity suggests a possible rebound for Ethereum after a turbulent period in the market.
- Despite losing 30.16% of its value over the past 30 days, Ethereum is regaining momentum.
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Newsbtc
4w
183
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Ethereum Consolidates Since ‘The Big Dump’ – Local Trend Reversal Or Continuation?
- Ethereum (ETH) trades in a tight range, below $1,900 and above $1,750, after heavy selling pressure.
- Macro uncertainty and trade war fears dominate sentiment, posing challenges for Ethereum's recovery.
- However, technical indicators suggest a potential local trend reversal if Ethereum breaks out of its consolidation range.
- Bulls struggle around $1,900 as macroeconomic volatility continues to weigh on the cryptocurrency market.
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Newsbtc
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Ethereum Could Be Mirroring Bitcoin’s 2018-2021 Cycle Amid Record Selling
- Crypto analyst The Cryptagon suggests that Ethereum may be mirroring Bitcoin's 2018-2021 cycle, indicating a bullish outlook for ETH.
- Despite facing record selling and downward pressure, Ethereum could reach new highs as it closely follows the price action of Bitcoin's 2021 cycle.
- Ethereum's underperformance compared to other major altcoins, such as XRP and Solana, is attributed to the significant selling pressure.
- The most important support level for Ethereum at the moment is at $1,887, with a drop below this level potentially leading to a massive crash and a possible 70% price drop to $800.
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Cryptoticker
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Ethereum Price Prediction: More Drops or a Rebound?
- Ethereum (ETH) has been facing a downtrend, with the price dropping to $1,888.
- The Relative Strength Index (RSI) indicates oversold conditions, potentially triggering a short-term bounce.
- The Moving Average Convergence Divergence (MACD) indicates strong negative momentum, suggesting continued bearish pressure.
- Key support and resistance levels to watch are $1,850-$1,880 and $2,000, respectively.
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Crypto-News-Flash
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Ripple’s Legal Battle Nears End—Will XRP Be Classified Like Ethereum?
- Ripple Labs, the company behind the cryptocurrency XRP, is engaged in a legal battle with the U.S. SEC.
- Ripple seeks better settlement terms as the case is delayed, potentially waiting for the new SEC Chair.
- A regulatory debate surrounds the classification of XRP compared to Ethereum.
- XRP's regulatory standing is questioned due to the difference in distribution models compared to Ethereum.
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Crypto-News-Flash
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Ethereum Devs Introduce ‘Hoodi’ Testnet to Test Pectra Innovations
- Developers will soon launch a new Ethereum testnet named Hoodi to address limitations in the existing Holesky testnet.
- Hoodi will focus on testing validator exits, a feature unavailable on Holesky due to a backlog in its exit queue.
- The Pectra upgrade, aimed at enhancing Ethereum's scalability and usability, is scheduled for mainnet activation on April 25.
- The Hoodi testnet will undergo a 30-day testing period before the Pectra upgrade is deployed on the Ethereum mainnet.
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Crypto-News-Flash
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World Liberty Financial Acquires 541K SEI—Price Jumps 7.3%
- World Liberty Financial (WLF) acquires 541,242 SEI tokens, increasing holdings to 1 million SEI.
- SEI price jumps 7.3% after the acquisition, trading at $0.19.
- WLF's current portfolio holds nine crypto tokens valued at $214.8 million.
- WLF clarifies rumors of selling unreleased WLFI tokens, reallocating assets for business purposes.
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TheNewsCrypto
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Ethereum Developers Introduce Hoodi Testnet Ahead of Pectra Launch on Mainnet
- Ethereum Foundation developers are introducing the Hoodi testnet ahead of the Pectra upgrade launch on the mainnet.
- The Pectra upgrade launch faced configuration issues on the Holesky and Sepolia testnets, leading to delays.
- The Ethereum developer community aims to improve scalability and usability of the Ethereum network through regular upgrades.
- The Pectra upgrade will be deployed on the Hoodi testnet before launching on the Ethereum mainnet by the end of April.
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Crypto-News-Flash
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Ethereum Staking Uptick Defies Price Weakness – What It Means for ETH
- Despite Ethereum’s price experiencing a downturn in recent months, staking activity within its network has seen a notable increase, indicating growing confidence among investors in Ethereum’s long-term potential.
- The inclusion of Ethereum in the U.S. Crypto Reserve and the resumption of staking services by major cryptocurrency exchanges reflect favorable policy developments and heightened institutional interest, further driving Ethereum's price higher.
- Approximately 28.5% of Ethereum’s circulating supply is locked in staking contracts, highlighting the strong belief in the network's future prospects by ETH holders.
- The rise in staking activity and the anticipation of regulatory clarity around staking suggest a positive market sentiment and a promising future outlook for Ethereum.
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Cryptonews
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As ETH Slide Continues, Exec Says Further Decline Will Result in $336 Million DeFi Sell-Off
- Ethereum is facing pressure due to leadership issues and declining on-chain metrics.
- Ethereum's value has dropped 52% over the past year, with a potential for further decline.
- Concerns arise from a $130 million ETH-backed loan in Sky, highlighting the risk in crypto-backed loans.
- Kevin Rusher suggests integrating real-world assets into Ethereum's DeFi ecosystem to mitigate overleveraging and potential liquidations.
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TronWeekly
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Lazarus Group Transfers 400 ETH and Launches New Cyber Attacks
- The Lazarus Group, linked to North Korea, transferred 400 ETH ($750,000) to Tornado Cash and laundered $2.91 billion through THORChain within the last five days.
- The group infected the NPM ecosystem with harmful packages, including 'BeaverTail', to steal credentials and access crypto wallets.
- Lazarus Group, known for crypto breaches, has been involved in various cyber attacks, such as the $1.4 billion Bybit attack in February.
- The group has scammed crypto founders with fake Zoom calls, posing as investors and infecting devices with malware to target crypto wallets.
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Zycrypto
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Pundit Foresees Major Institutional Shift Toward XRP Beyond Bitcoin and Ether
- XRP advocate Linda P. Jones predicts major institutional shift towards XRP ETFs beyond Bitcoin and Ethereum.
- Jones dismisses skepticism regarding demand, stating institutions will diversify and add XRP ETFs to their portfolio.
- Multiple asset managers, including Franklin Templeton, have filed for XRP ETFs, bringing the total number of prospective XRP ETFs to 15.
- XRP has outperformed Bitcoin by 212% and gained nearly 250% against Ethereum, making it an attractive investment option.
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TronWeekly
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SEC Reviews Fidelity’s Proposal to Add Ethereum Staking to ETF
- The SEC has received Fidelity’s proposal to add Ethereum staking to its FETH ETF.
- Investors could earn staking rewards without managing the process themselves.
- The SEC’s review could take months, potentially setting a precedent for crypto ETFs.
- The proposal aims to add staking rewards in FETH, allowing investors to earn passive income through Ethereum staking.
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TheNewsCrypto
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152
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Ethereum Records 15% Weekly Drop, What’s Next for ETH Price?
- Ethereum recorded a 15% weekly drop and 30% monthly drop.
- Trading analysts predict that Ether could experience further price declines.
- ETH spot ETFs saw significant outflows, with BlackRock's ETF recording a net outflow of $11.82 million and Fidelity's ETF recording a $9.75 million outflow.
- Renowned market analyst Ali Martinez warns of a potential Ethereum price crash, with an important support level identified at $1,887.
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Newsbtc
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Ethereum Net Taker Volume Signals Huge Selling Pressure – Can Bulls Hold Key Levels?
- Ethereum (ETH) is facing significant selling pressure, trading below the $1,900 mark as market uncertainty continues to weigh on price action.
- On-chain data from CryptoQuant reveals that Ethereum’s Net Taker Volume remains at a low level, indicating that selling pressure is still strong.
- Ethereum has lost over 57% of its value, creating an extremely difficult environment for bulls as the market remains in a deep downtrend.
- Ethereum is currently trading at $1,880, remaining range-bound between $1,750 and $1,950 since last Monday.
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