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Ethereum News
Coindoo
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Ethereum Foundation Taps DeFi for Liquidity, Borrows $2M
- The Ethereum Foundation borrowed $2 million by tapping into DeFi for liquidity, according to the Aavechan Initiative's founder, Marc Zeller.
- Aave's value proposition of unlocking liquidity without selling core assets allowed the Ethereum Foundation to use wETH and GHO for collateral, retaining exposure to Ethereum while accessing capital.
- Stani Kulechov, founder of Aave, praised the move as a demonstration of DeFi's utility cycle and how long-term holders can access stable liquidity while supporting Ethereum's ecosystem goals.
- This move by the Ethereum Foundation signifies a significant endorsement of GHO and DeFi's use cases, showcasing institutional support for decentralized financial solutions and encouraging broader adoption within the crypto ecosystem.
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Bitcoinist
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FTX Repayments About To Dump $5B On The Market, How Will Bitcoin And Ethereum React?
- FTX, a collapsed crypto exchange, is about to disburse $5 billion in stablecoin payments to creditors at the end of the month.
- The stablecoin payments won't impact the market negatively as there will be nothing dumped, potentially leading to a market pump depending on where the funds end up.
- The distribution on May 30 could create buying pressure on the market, especially since Bitcoin and Ethereum prices are doing well.
- Analysts expect that investors who receive the funds will reinvest the money back into the market, potentially triggering a rally, with Bitcoin expected to surpass $120,000.
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Blockonomi
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ETH vs BTC: Ethereum Strengthens, Analysts Predict 40% Rally Toward $4,000
- Ethereum price rises 3.15%, trading volume up 25.40% to $27B.
- MACD crossover and chart breakout signal bullish continuation.
- ETH/BTC ratio gains as Bitcoin dominance weakens.
- Analysts forecast a 30 to 40% rally, targeting the $4,000 ETH price level.
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Coinjournal
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ENS price surges: Could Ethereum Name Service hit $100k milestone?
- Ethereum Name Service (ENS) price has surged 35% in the past month and was up 8% in 24 hours on Thursday due to altcoin buzz.
- ENS market cap is near $903 million, with trading volume up by 157% to over $192 million in 24 hours.
- ENS is considered one of the top Ethereum beta plays, with analysts pointing to potential gains alongside the expected rally of ETH.
- If Ethereum breaks resistance, ENS could target $100 with recent highs of $48 and potential technical breakout signals pointing towards $30 resistance.
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TheNewsCrypto
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Can Ethereum Hold Above $2,700 and Break Toward $3,000?
- Ethereum futures open interest reaches $35.69B with ETF inflows hitting $402M.
- Whale wallets acquire 1M ETH, boosting price near $2,820 resistance level.
- ETH trades at $2,729, showing a 3.80% gain in the last 24 hours with strong intraday activity.
- Technical indicators suggest key support at $2,700, with resistance at $2,775; a breakout above may lead ETH towards $3,000.
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TronWeekly
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Ethereum Poised for Breakout as $2,750 Resistance Holds Strong
- Ethereum is trading near $2,700, aiming for a breakout above the $2,750 resistance level to target $3,300.
- Ethereum experienced $52.12 million in futures liquidations, reflecting volatility around the key $2,750 resistance.
- An upcoming $2.4 billion options expiry on May 30 could significantly impact Ethereum's price movement.
- Institutional interest in Ethereum's U.S. Spot ETF grows with $287 million net inflows, despite concerns over long-term rally strength.
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Bitcoinist
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Ethereum Holds 200-Day EMA – Is A Breakout To $3,300 Imminent?
- Ethereum (ETH) is showing signs of preparing for a breakout as it continues trading in the mid-$2,000 range, with a potential target of $3,300.
- Analysts indicate a bull flag formation on the daily chart, with ETH consolidating between $2,400 and $2,700 for the past 17 days, suggesting a bullish continuation pattern.
- ETH has remained above the 200-day Exponential Moving Average (EMA), signalling bullish momentum and potential movement towards the $3,000–$3,500 range.
- Despite positive forecasts and accumulation by Ethereum whales, hurdles such as potential selling pressure around $2,800 could impact its current bullish trajectory. ETH is currently trading at $2,620.
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Blockonomi
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Ethereum (ETH) Price: Is $3,000 On The Horizon As Open Interest Hits Record Levels?
- Ethereum Open Interest hits an all-time high of $35.69 billion, indicating high speculative activity
- ETH price crosses $2,700 for the first time since February, up 53% over the past month
- U.S. spot Ethereum ETFs attract $402 million in inflows over the past month
- Technical indicators point to a potential 'bull flag' pattern with possible upward momentum towards $3,000-$3,500
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Newsbtc
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Ethereum Market Outlook: Technical Indicators Signal Possible Continuation of Uptrend
- Ethereum (ETH) has shown fluctuations, trading around $2,633 with a 1.2% decline in the last 24 hours.
- Despite recent retracement, Ethereum has surged by approximately 50% in the past month, indicating strong market interest.
- Analysts are closely monitoring Ethereum's technical indicators, including a 'bull flag' pattern and sustainability above the 200-day EMA.
- Market signals suggest a potential upward move for ETH towards $3,000-$3,500, with attention on market peaks and retail vs. institutional activity.
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Coinpedia
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Ethereum Price Prediction For May 29
- Ethereum is facing strong resistance around $2,700 - $2,800, with consistent rejection at this level.
- The price of Ethereum is moving sideways between $2,400 and $2,800, forming an ascending triangle pattern.
- Analysts suggest that Ethereum may be in the final stages of a bullish wave, with a potential small pullback expected.
- A breakout above $2,800 could lead to a bullish move towards $3,200 - $3,300, while a breakdown below $2,540 might result in a drop towards $2,400.
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TronWeekly
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US Labor Department’s Shift: Crypto Investment Now Allowed in 401(k) Plans
- The U.S. Labor Department now allows cryptocurrencies, like Bitcoin and Ethereum, to be included in 401(k) retirement plans.
- This shift opens up 401(k) investments to digital assets and reflects a broader trend of easing digital asset regulations by government agencies.
- Fiduciaries are now free to use cryptocurrencies in retirement plans, marking a reversal from previous warnings about the risks associated with digital assets.
- Experts advise caution despite the new freedom, as fiduciaries should carefully consider the legal and financial risks involved in including cryptocurrency in retirement investments.
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Newsbtc
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Altseason Loading? Analyst Explains How FTX $5B Distribution May Trigger The Next Bull Leg
- Analysts are predicting an incoming Altseason as bullish momentum strengthens across the crypto market amid global economic uncertainty.
- FTX's distribution of over $5 billion in stablecoins to creditors on May 30th is expected to fuel market liquidity and potentially trigger Altseason.
- The timing aligns well as Ethereum eyes a breakout above $2,700, which could signal a broader rally for altcoins supported by increasing market momentum.
- Top analyst Axel Bitblaze believes the $5 billion return of capital could propel Bitcoin towards $120K and initiate the much-anticipated altseason for traders.
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Bitcoinist
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Ethereum Founder Pushes ETH As Cash-Substitute, Can This Drive Price Above $4,000?
- Ethereum founder Vitalik Buterin proposes ETH as a cash substitute in nations moving towards a cashless system like some Nordic countries.
- Buterin highlights the need for Ethereum's ecosystem to be resilient and private enough to replace cash effectively.
- Suggestions for making the Ethereum network private enough include the creation of models for fully offline zero-knowledge private transfers.
- Cryptocurrency analysts are optimistic about Ethereum's price rally, with predictions of ETH surpassing $4,000 and potentially reaching $8,000 to $10,000 in this cycle.
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TronWeekly
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Cardano (ADA) Is on the Rise in Bullish Sentiments, Price Rally Next?
- Cardano (ADA) has gained significant popularity among crypto enthusiasts, ranking second in favorability with 91.9% of supporters voting for it.
- Despite recent price decreases, positive sentiment among investors suggests a potential price rally for ADA in the near future.
- The Cardano ecosystem continues to be trusted by investors, with growing community backing and increasing daily transactions on the network.
- Investors and experts show more enthusiasm for Cardano than other major cryptocurrencies like Ethereum, positioning ADA favorably in market sentiment.
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Bitcoinist
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Ethereum Futures Market Boom As Open Interest Surges To A New Peak
- Ethereum has shown bullish traction, surpassing the $2,600 level as demand rises, attributed to its Open Interest in the derivatives market.
- The Ethereum Open Interest has hit a new peak of 7.18 million ETH in futures, valued at $19.1 billion, signaling increased speculative activity and investor engagement.
- Crypto expert Poseidon notes that the surge in Open Interest is driven by an increase in short positions as investors hedge against volatility, despite holding long positions in other altcoins.
- ETH has outperformed Bitcoin in Q2 as it records a growth of approximately 40%, indicating strong resilience and momentum, fueling speculations of a potential move towards key resistance levels and new all-time highs.
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