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Ethereum News
TronWeekly
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Ethereum’s Critical Crossroad: Will $2,650 Support Hold or Lead to a Major Price Shift?
- Ethereum is at a critical juncture, testing the $2,650 support which could lead to a potential decline if momentum weakens.
- Strong resistance at $2,750 may hinder ETH growth, with next target levels at $3,000, $3,500, and $4,000.
- Price action near $2,750 resistance or $2,510 support will determine Ethereum's next market move, indicating a possible major price shift.
- Analysts emphasize the importance of Ethereum's movements around key levels, such as the $2,650 support and $2,750 resistance, in predicting its future market direction.
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Newsbtc
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Ethereum Mirrors Bitcoin 2020 Breakout Setup – Historic Run Incoming?
- Ethereum is trading at critical levels, attempting to push into higher resistance amid global macroeconomic pressures.
- Analysts see similarities between Ethereum's current structure and Bitcoin's behavior in 2020, sparking hopes for a bullish continuation.
- Ethereum's resilience above $2,600 level has investors anticipating a potential breakout, potentially leading to a broader altseason.
- ETH is consolidating above support at $2,607, with technical indicators suggesting ongoing bullish pressure and key levels to watch for potential price movements.
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Bitcoinsensus
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BlackRock Buys $50M in Ethereum – Are Institutions Gearing Up?
- BlackRock has purchased over $50 million worth of Ethereum via Coinbase Prime, indicating potential long-term accumulation.
- The move by BlackRock suggests institutional interest in Ethereum and could be indicative of broader institutional moves in the future.
- Ethereum's bullish structure may see upside potential if this institutional momentum continues.
- The significant purchase by BlackRock raises questions about their strategic objectives and future plans in relation to Ethereum.
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Coinpedia
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Is Ethereum the New Wall Street Darling? $743M ETF Inflows Say Yes
- Institutional investors are showing renewed interest in Ethereum ETFs with inflows surging for 12 straight days, led by BlackRock.
- Despite bearish sentiment on exchanges like Binance and CME, Ethereum's ecosystem is indicating a potential bullish breakout with strengthening fundamentals.
- ETH ETF inflows hit a 12-day streak totaling $743.8 million, with BlackRock's ETHA leading at $77 million, reflecting growing institutional interest.
- While Ethereum faces headwinds like rising short positions in Futures data, signs of broader adoption and legislative progress suggest a positive road ahead for ETH.
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Newsbtc
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Ethereum Price Aims Higher in Shadow of Bitcoin’s Dip
- Ethereum price started a fresh increase above the $2,550 zone and is now facing resistance near the $2,640 and $2,665 levels.
- A key rising channel with support at $2,600 is forming on the hourly chart of ETH/USD.
- Ethereum price is currently trading above $2,550 and the 100-hourly Simple Moving Average.
- If Ethereum fails to clear the $2,665 resistance, it could start a fresh decline towards support levels at $2,575, $2,500, and potentially $2,420 in the near term.
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TronWeekly
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Whales Pour $300M Into Altcoins in the First Week of June, Is a Major Price Shift Coming?
- Whales have invested over $300M in various altcoins in the first week of June, particularly in Ethereum, FARTCOIN, and HYPE, signaling confidence among large investors amid market volatility.
- The significant altcoin investments by whales have sparked speculation in the crypto space regarding the reasons behind their buys.
- A whale made a notable purchase of 108,278 ETH worth $283 million in an OTC transaction, which could potentially indicate preparations for a future increase in Ethereum's price.
- In addition to Ethereum, FARTCOIN and HYPE tokens also attracted whale investments, with millions being spent on these altcoins, raising questions about the motivation behind these moves.
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TheNewsCrypto
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Vitalik Buterin Moves $1.83M to Railgun as BlackRock Buys $77M in Ethereum
- Ethereum co-founder Vitalik Buterin transferred 693.91 ETH and $340,931 USDC to privacy protocol Railgun, promoting privacy in transactions.
- BlackRock purchased 29,580 ETH worth $77.1 million, increasing its total ETH exposure to over $125 million, indicating a shift in institutional focus towards Ethereum.
- Institutional activity around Ethereum is growing, with talks of financial infrastructure development using Ethereum’s networks, showing imminent institutional adoption.
- Galaxy Digital's OTC desk moved 89,000 ETH to a second wallet, indicating strong institutional holding patterns during Ethereum's accumulation phase, alongside bullish signs in its technical analysis.
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Bitcoinsensus
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Whale Buys $320M ETH—Possible Link To Consensys Raises Speculations
- A whale, potentially associated with Consensys, purchased $320 million worth of Ethereum (ETH) from Galaxy Digital, as per on-chain data from Arkham Intelligence.
- Approximately $120 million ETH was staked with Liquid Collective in a newly established wallet (0x0b2), indicating a trend towards institutional staking for maximizing yield and liquidity.
- Speculations arose regarding the purpose of the wallet—whether it belongs to Consensys' treasury, serves as an investment vehicle, or aims to enhance staking rewards amidst Ethereum's market changes.
- Institutional staking has been increasing post Ethereum's Pectra upgrade on May 7, enabling more flexibility and efficiency for large-scale investors, with analysts anticipating further Ethereum growth due to institutional interest.
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TronWeekly
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Whales Pour Billions Into Ethereum as Wyckoff Pattern Predicts $10K Surge
- Ethereum trading volumes surged since May 8, indicating renewed market interest.
- Large-scale whale accumulation observed amid positive ETH-BTC divergence.
- Wyckoff analysis suggests ETH nearing breakout, targeting $4K, with $10K in sight this cycle.
- Institutions, including BlackRock, reportedly accumulating ETH at a significant pace, fueling expectations of a $4,000 rally and a potential $10,000 target.
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Bitcoinsensus
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Ethereum Foundation Clarifies Treasury Policy
- Ethereum Foundation has clarified its treasury policy focusing on DeFi yield and Defipunk.
- A two-factor liquidity model has been formalized for the first time with targets of A = 15% of the treasury and B = 2.5 years, aiming to cut A to 5% by 2030.
- ETH assets are allocated between core strategies and segregated sleeves with higher risk, emphasizing on-chain placements and the Defipunk checklist.
- This move towards transparency and sustainable development by the Ethereum Foundation is crucial for the future of DeFi ecosystem.
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Bitcoinist
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Crypto Pundit Says XRP Is No Longer A Speculative Asset – Here’s What It Is
- XRP is no longer considered a speculative asset and is being viewed as a centerpiece in global financial infrastructure.
- Institutional interest in XRP is growing, with companies like VivoPower, Webus International, and Hyperscale Data adopting XRP as a core reserve asset.
- XRP's adoption extends to global projects, such as Ripple's RLUSD stablecoin, integration into protocols like Aave, and oil tokenization initiatives by companies like Saudi Aramco.
- Factors like regulatory compliance, membership in ISDA, launch of XRP futures, and expanding RippleNet adoption signal XRP's steady growth into an institutional-grade asset, with potential price stability and significant growth in the future.
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TechBullion
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ETH Price Analysis Signals Caution & PEPE Price Outlook Turns Bearish While Unstaked Targets 2,700% ROI
- Ethereum's Pectra upgrade has not significantly impacted price movement, despite introducing technical improvements.
- Pepe (PEPE) price outlook is bearish with indicators and sentiment suggesting potential downside risk.
- Unstaked, currently in stage 18 of its presale, has raised nearly $9 million and offers a potential 2,700% ROI.
- Ethereum's Pectra upgrade aims to enhance network functionality, while Pepe's price faces resistance and bearish indicators.
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Newsbtc
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Ethereum Consolidates Against BTC – Altseason Hopes Hinge On ETH/BTC Breakout
- Ethereum continues to hold strong above critical levels amidst market volatility, fueling hopes for a broader altcoin rally. Analysts are eyeing a potential altseason, with ETH expected to lead the charge upon breaking major supply zones.
- The ETHBTC pair consolidation between 0.022 and 0.026 is crucial for altcoin momentum. Analyst Daan suggests a breakout above 0.026 could trigger a powerful rally in ALT/BTC pairs, benefiting sectors closely tied to Ethereum.
- Ethereum's performance relative to Bitcoin is a key indicator for capital rotation within the crypto market. A breakout in ETHBTC could lead to new highs and ignite the long-awaited altseason, despite global tensions and macroeconomic uncertainty.
- Ethereum faces resistance around $2,676, with the 200-day moving average capping price action. ETH maintains a bullish structure with higher lows and volume support. A breakout above $2,700 could pave the way for a broader rally towards $3,000.
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Tokenhell
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Big Business and Governments Tap Ethereum for Financial Innovation
- Ethereum is being utilized by big businesses and governments for financial innovation, with the blockchain serving as the base layer for international finance through digital treasuries.
- Public bodies are also exploring Ethereum for various purposes, such as bond transactions, real estate information management, and citizen identification systems.
- Ethereum's dominance is evident in the real-world asset space, with tokens for RWAs totaling $9.8 billion on the network, exceeding other platforms by fourfold.
- Recent data shows a significant decrease in ETH exchange inflows, indicating reduced selling activity or a wait-and-see approach among traders.
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Crypto-News-Flash
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Why has Ethereum Held Above $2.6k, Defying the Market Dump?
- Ethereum's bullish momentum is attributed to ETH ETF inflows and declining centralized exchanges reserves.
- Spot ETH Exchange Traded Funds (ETF) have seen continuous inflows from asset managers like BlackRock and Fidelity.
- Corporations like BioNexus Gene Labs and SharpLink Gaming are establishing ETH Treasury, contributing to the sustained price movement above $2.6k.
- Reduction in Ethereum held in Centralized Exchange (CEX) reserves to its lowest level this year is seen as a bullish scenario, leading to a potential rally.
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