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Ethereum News
Blockonomi
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ETH Price Analysis: Triangle Pattern Forms as Bulls Target $3,320
- Ethereum's price is consolidating near $3,120 after a downside correction below $3,150.
- A contracting triangle pattern is forming with resistance at $3,120.
- Key resistance levels are at $3,180 and $3,220.
- Critical support levels exist at $3,040 and $2,980.
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Crypto-News-Flash
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Ethereum ETFs Hit Record Weekly Inflow Amid Growing Demand
- Ethereum ETFs saw a record $515 million weekly inflow amid rising investor interest post-U.S. election results.
- Fidelity's ETF FETH added $199 million, while BlackRock's ETF ETHA contributed $287 million to the increase.
- Institutional interest in Ethereum is surging due to the US political change, and the anticipation of more crypto-friendly regulations.
- Monochrome offers innovative Ethereum ETFs with tax benefits, allowing CGT-free transfers through a dual-access trust structure.
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Altcoinbuzz
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Devcon 7 and its Side Events in Bangkok, Thailand, a Recap
- Devcon 7, a blockchain conference, and its side events were held in Bangkok, Thailand.
- The choice of Bangkok as the venue for the conference proved to be good for organizers, with affordable and well-equipped venues.
- However, the busy traffic in Bangkok was a downside, causing delays and long travel times for attendees.
- Highlights of the event included the Injective Summit, Sui Connect Bangkok, ArbiVerse, and encountering Vitalik Buterin.
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TheNewsCrypto
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Is Ethereum (ETH) Setting Up for a Trend Reversal?
- Ethereum is currently trading at $3,118 and struggling to break above $3.1K.
- The market witnessed a liquidation of $23.93 million in Ethereum.
- Analysts predict Ethereum might explode after breaking above $3.3K, but it needs to surpass $3.1K first.
- The current market sentiment for ETH is neutral, with technical indicators showing a continued bearish trend.
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Crypto-News-Flash
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XRP Ledger Welcomes SocGen Forge’s EURCV Stablecoin: Key Insights
- Societe Generale-FORGE has chosen the XRP Ledger to launch its EURCV stablecoin on the platform.
- The EURCV stablecoin was previously launched on Ethereum and Solana, making the XRP Ledger its third platform.
- The XRP Ledger offers low transaction costs, speed, and scalability, making it an ideal choice for Societe Generale-FORGE.
- This partnership benefits both Ripple and Societe Generale-FORGE, boosting Ripple's credibility and allowing Societe Generale-FORGE to explore innovative initiatives.
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Newsbtc
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Spot Ethereum ETFs See $515 Million Record Weekly Inflows – Details
- Spot Ethereum ETFs have registered over $500 million in weekly inflows for the first time since their trading debut in July.
- The spot Ethereum ETFs attracted $515.17 million between November 9-November 15, establishing a new record weekly inflows and achieving a 3-week positive inflow streak for the first time ever.
- BlackRock's ETHA received the highest inflow of $287.06 million, strengthening its market grip with $1.72 billion in cumulative net inflow.
- The spot Bitcoin ETFs market recorded $1.67 billion in the past week, with BlackRock's IBIT leading with over $29.28 billion in inflows and $42.89 billion in net assets.
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Newsbtc
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Ethereum Sees $1 Billion Exchange Outflow Alongside Bitcoin: What This Means For Price
- Ethereum witnesses $1 billion outflow from crypto exchanges alongside Bitcoin.
- Investors adopt a holding strategy as the Ethereum price consolidates below $3,200.
- This indicates anticipation of higher prices and movement of holdings into private wallets.
- Ethereum's price is expected to kick off a new uptrend, with a possibility of retesting $3,400 resistance level.
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TronWeekly
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Ethereum Faces Critical Breakdown Against Bitcoin, Analysts Warn of Losses
- Ethereum's breach of an eight-year support trendline against Bitcoin signals growing bearish sentiment.
- Solana's 925% surge since 2022 intensifies competition, eroding Ether's dominance in the DeFi ecosystem.
- Inverse cup-and-handle pattern suggests ETH/BTC could face a 50% drop if support at 0.0317 BTC fails.
- ETH/BTC pair dropped below an upward trendline for the first time in eight years, indicating deeper losses ahead.
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Tokenhell
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Price Analysis November 17th, 2024 – BTC, DOGE, SOL, BNB, ETH, and XRP
- Bitcoin has traded near its latest all-time high, with Michael Saylor predicting it to reach $100,000 before 2025.
- Matthew Sigel from VanEck is bullish on Bitcoin, expecting new all-time highs in the first half of next year.
- Real Vision crypto analysts anticipate short-term dips but remain positive about Bitcoin's long-term potential.
- The analysis includes price updates and predictions for Ethereum, Solana, BNB, Dogecoin, and XRP.
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Newsbtc
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Last Chance To Buy Ethereum? Analyst Expects $6,000 Once It Breaks 8-Month Accumulation
- Ethereum (ETH) has broken above $3,000, signaling potential for a surge to new all-time highs.
- Analyst Carl Runefelt predicts that ETH could reach $6,000 based on strong momentum and increasing network activity.
- Ethereum is approaching major supply levels, hinting at a Bitcoin-like rally and creating a buying opportunity.
- Despite a 12% pullback, ETH remains above the 200-day moving average and could see a breakout to higher supply zones.
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Medium
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Ethena Airdrop Guide: How to Participate and Maximize Your Rewards
- Ethena is reshaping decentralized finance with its synthetic dollar, USDe, which is backed by staked Ethereum collateral.
- Season 2 of the Ethena airdrop campaign rewarded users who actively participated in the protocol with ENA tokens.
- The conclusion of Season 2 marks a significant milestone, but there are still ongoing opportunities within the Ethena ecosystem.
- Stay updated on Ethena's developments to maximize your involvement in the future of decentralized finance.
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Bitcoinist
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Ethereum Uptrend Resumes As Key Support Defends Against Bears
- Ethereum has resumed its uptrend after finding support at the $3,051 level.
- Traders are closely monitoring key resistance zones to gauge ETH's next move.
- The rebound is supported by sustained upward strength and positive market indicators.
- The $3,360 level is a critical resistance to watch for further upward momentum.
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Zycrypto
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Whales Transfer Bitcoin and Ether Holdings To Exchanges, Is A Price Correction Imminent?
- Crypto whales are transferring assets to popular centralized exchanges, indicating a short-term correction may be imminent.
- The Royal Government of Bhutan transferred 365 BTC worth $33.1 million to Binance, sparking debates in the crypto circles.
- Two crypto whales deposited 11,286 ETH worth $36 million on Binance, adding to the exits recorded in Bitcoin.
- Bitcoin experienced a slight correction after reaching an all-time high, but on-chain factors suggest a positive outlook for the asset.
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Bitcoinist
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Crypto Firms Posing As Banks Face Scrutiny From Hong Kong Regulator
- The Hong Kong Monetary Authority (HKMA) has warned the public about two foreign-based crypto companies allegedly misrepresenting themselves as banks.
- The firms were found to have used the term “bank” when describing their products and services, potentially misleading consumers.
- Such misrepresentation may breach Hong Kong's Banking Ordinance, which governs the region's banking sector.
- Despite Hong Kong's ambition to establish itself as a global crypto hub, the region's authorities are actively monitoring illegal activities linked to digital assets.
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Newsbtc
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As Bitcoin Rises, Why is Ethereum Struggling To Catch Up? Analyst Explains
- Bitcoin has been achieving new all-time highs consistently, while Ethereum has struggled to catch up.
- Ethereum is currently facing a 37.5% decrease from its all-time high of $4,878.
- One possible explanation for Ethereum's underperformance is the bearish taker buy-sell ratio, indicating more selling pressure than buying interest.
- However, some analysts remain optimistic about Ethereum's long-term potential, suggesting buying opportunities at its current price levels.
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