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Ethereum News
TheCryptoBasic
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VanEck Head Researcher Says Ethereum is Oversold, Predicts Speculative Interest Will Return to Propel ETH
- Ethereum (ETH) has seen a 7.9% price increase in the past 24 hours, trading at $2,823.
- Head of Research at VanEck believes Ethereum is oversold and expects renewed speculative interest.
- Analysts suggest a significant short squeeze could lead to a potential rally for Ethereum.
- Critics highlight structural issues and overemphasis on Layer 2 scaling solutions in Ethereum's ecosystem.
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TronWeekly
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Tether CEO Explains 2 Billion USDT Minting on Ethereum, Details Chain Swap
- Tether, the largest stablecoin issuer, is optimizing the distribution of USDT tokens.
- The company is retiring tokens from low-activity blockchains and swapping them to Ethereum.
- This consolidation strategy aims to streamline USDT management and enhance user experience.
- Despite the reduction in overall supply, Tether remains the dominant source of liquidity in the stablecoin market.
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Cryptoticker
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Ethereum Price Prediction: ETH Price is Increasing
- Ethereum's price has been gaining momentum, and it looks like it's gearing up for an impressive rally. Recently, ETH managed to break above a key resistance level, setting the stage for a potential push toward $3,000.
- ETH is priced at $2,828.11, with a 24-hour trading volume of $34.48 billion, a market cap of $340.44 billion, and a market dominance of 13.35%. Over the past 24 hours, ETH’s price has risen by 7.72%.
- The recent electoral win by Donald Trump has boosted what some are calling the “Trump Trade” in crypto markets. Trump has hinted at introducing more crypto-friendly policies, marking a shift from the previous administration’s cautious stance.
- According to Arkham Intelligence, Trump holds around $1.4 million in ETH, which is a substantial endorsement from such a high-profile figure. Large-scale investors are also investing in Ethereum-focused ETFs, further boosting confidence and adding fuel to the rally.
- If Trump follows through on pro-crypto policies, Ethereum could be in for more growth. With both influential individual and institutional investors backing Ethereum, the asset might just be set to cross the $3,000 mark soon.
- Ethereum’s recent rally could continue its upward trajectory. If pro-crypto policies come into effect, they could remove some of the regulatory uncertainties that have weighed on the cryptocurrency market, making Ethereum and similar assets more attractive for investors.
- The network has been expanding rapidly, particularly with the rise of decentralized finance and NFTs, both of which primarily operate on the Ethereum blockchain. As demand for these sectors grows, the intrinsic value of the Ethereum network could rise significantly.
- The upcoming Ethereum updates focused on scalability and efficiency could further boost Ethereum’s utility and adoption. A potential run toward its all-time high of around $4,867.17 isn’t out of reach.
- This level would require sustained growth and an ideal combination of regulatory, institutional, and market sentiment support, but with recent developments, the path toward $5,000 appears increasingly plausible.
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Coinpedia
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Bitcoin, Ethereum, and Solana Are Set to Explode! Here’s Why
- Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) are predicted to soar in the crypto market.
- Bitcoin is expected to benefit from regulatory clarity under President Trump's administration.
- Global rate cuts and monetary easing will boost Bitcoin's demand and price.
- Altcoins like Ethereum and Solana are also projected to experience significant growth.
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Crypto-News-Flash
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L2 Ethereum Network Taiko Sees Massive 1,000% TVL Surge
- Taiko’s TVL on L2 surged over 1,000%, reaching a record $81 million.
- Taiko’s daily transactions hit 5 million, marking new highs in Layer 2 Ethereum adoption.
- Taiko's Total Value Locked (TVL) increased by more than 1,000%, reaching an all-time high of $81 million.
- Taiko has attracted about 1,200,000 unique wallet addresses and integrated over 100 decentralized apps (dApps), reflecting significant user involvement.
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Bitcoinsensus
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Ethereum Price Surges Beyond $2,650: Will $3,000 Be Next?
- Ethereum recently broke the $2,650 resistance, surging over 10%.
- Current support levels indicate a strong bullish trend line at $2,730.
- If ETH breaks $2,950 resistance, the price could target $3,000 and beyond.
- Ethereum's price surge reflects strong momentum and interest from traders and investors.
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Blockonomi
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Ethereum Price Reaches $2,800 as Trump Wins Presidency
- Ethereum's price surged over $2,800, a 10% increase, following Donald Trump's election victory.
- Trump's campaign promises to make the U.S. a cryptocurrency hub contributed to the optimism in the market.
- DeFi indexes rose by an average of 22% in the past 24 hours, indicating increased optimism for the DeFi sector under Trump.
- Technical indicators suggest that the bullish momentum for Ethereum will continue.
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Bitcoinist
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Bitcoin May Reach $100,000 By US Presidential Inauguration Day, Report Says
- Bitcoin (BTC) price may reach $100,000 by US Presidential Inauguration Day, according to a report.
- Cryptocurrency custodian Copper.co predicts BTC's upward momentum may extend into 2025.
- The report considers historical Bitcoin ETF accumulation trends and recent spot ETF inflows.
- While Bitcoin performs well, Ethereum (ETH) continues to underperform according to the report.
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Medium
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$580M Bitcoin ETF outflows raises red flags
- The Fidelity Wise Origin Bitcoin Fund (FBTC) saw the highest outflows at $169 million.
- ARK's 21Shares Bitcoin ETF (ARKB) reported outflows of $138 million.
- Grayscale's Bitcoin Mini Trust (BTC) and Bitwise Bitcoin ETF (BITB) lost $89.5 million and $79.8 million worth of outflows respectively.
- Bitcoin and Ethereum ETFs experienced significant outflows, indicating a shift in investor behavior influenced by recent price dips.
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Crypto-News-Flash
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Dormant Ethereum Whale Transfers 15,000 ETH to Kraken Amid Sales
- A dormant Ethereum whale recently moved 15,000 ETH to Kraken, adding selling pressure.
- The whale has sold a total of 65,000 ETH, worth around $164 million, since September 2024.
- The crypto community is awaiting the future actions of the whale, who still holds 10,000 ETH.
- Institutional interest in Ethereum is growing, with the State of Michigan Retirement System investing $11 million in Grayscale's Ethereum ETF.
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Medium
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Navigating AI & Blockchain Integration: Lessons and Insights from KanzzAI
- AI and blockchain integration brings transparency and autonomy to AI services.
- KanzzAI focuses on scalability, data privacy, and interoperability for successful integration.
- Users benefit from greater transparency, improved data security, and a community-driven ecosystem.
- KanzzAI aims to further refine data flow between AI models and decentralized networks for real-time, secure interactions.
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Tokenhell
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Price Analysis November 7th, 2024 – BTC, SOL, BNB, ETH, and DOGE
- Bitcoin recorded a new all-time high on Wednesday following Donald Trump’s victory against Vice President Kamala Harris.
- Analysts believe that the bull run has begun and Bitcoin could rally to $100,000 within the first three months of 2025.
- Meme coins have also seen significant price surges in response to Trump's win, indicating a rising risk appetite among investors.
- Technical analysis suggests that Bitcoin, Ethereum, Solana, Binance Coin, and Dogecoin have bullish momentum, but potential downturns are possible.
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TheNewsCrypto
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Ethereum (ETH) Price Surges 10% to Three-Month High
- Ethereum (ETH) has surged over 10% in the last 24 hours, reaching a three-month high above $2,850.
- The global crypto market cap has risen to $2.51 trillion, with Ethereum's market cap increasing by 13.37% to reach $343.12 billion.
- DeFi has seen a 13.59% rise, contributing to Ethereum's rally, along with increased interest in decentralized finance sectors like LSDFi and LRTFi.
- Whale activity has increased, with significant ETH offloading, but technical indicators suggest a strong uptrend with key support at $2,663 and resistance at $2,900.
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Newsbtc
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Ethereum Surges Past $2,500: What The Futures Market Signals For Traders
- After breaking above the $2,500 resistance, Ethereum surged to $2,631, raising hopes for a bull run.
- Ethereum's futures market shows rising open interest and positive funding rates, indicating increased participation and positive sentiment.
- However, cautionary notes are given regarding the potential for heightened volatility and the risk of a long liquidation cascade.
- Experts recommend closely monitoring open interest and funding rates to manage risk exposure and be prepared for sudden market changes.
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Newsbtc
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Ethereum Analyst Sets $3,400 Target Once ETH Breaks Key Resistance – Details
- Ethereum has surged over 8% following Donald Trump’s election victory, but still trades below a crucial resistance level.
- Top crypto expert Inmortal suggests that a push above the resistance could lead to a sustained rally for Ethereum.
- Analysts are closely monitoring ETH's next moves as a break above the resistance could define its performance in the coming months.
- If Ethereum successfully clears the resistance at $2,750, the price target of $3,400 has been outlined.
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