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Ethereum News
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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Cryptonews
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Solana ETF Next? SOL Rallies 14%, Surpasses BNB to Become Fourth Largest Crypto
- Bitcoin and Ethereum surge 9% and 11% respectively following Trump's re-election.
- Dogecoin sees an 18% increase fueled by rumors of Elon Musk's involvement in a Trump government initiative.
- Solana rallies 14% and surpasses Binance's BNB to become the fourth largest cryptocurrency by market cap.
- Market optimism rises with expectations of pro-crypto policies under Trump, including a potential Solana ETF and relaxed regulations.
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Zycrypto
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Trump Election Win: A New Era for U.S. Crypto Policy?
- Crypto markets surged Tuesday night as Bitcoin hit a new all-time high above $75,000, following NBC’s projection of wins for former president Donald Trump.
- Trump's election victory has sparked optimism in the crypto market, with Bitcoin reaching new highs and crypto stocks surging.
- Trump has proposed building a national Bitcoin reserve and appointing crypto-friendly leaders to rewrite regulations in support of the industry's growth.
- He aims to boost U.S. Bitcoin mining, reduce reliance on foreign operations, and exempt Bitcoin from federal taxes.
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Newsbtc
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Grab Ethereum Now? Expert Says Next Stop Could Be $10,000 After ‘Final Drop’
- Crypto analyst Ali Martinez predicts Ethereum (ETH) hitting $10,000 in the coming bull run, citing its historical correlation with the S&P 500.
- However, Peter Brandt, a renowned crypto expert, warns of a bearish pattern on ETH's daily chart, suggesting potential downside risk.
- On-chain data indicates divided sentiment among Ethereum holders, with some in advantageous positions and others uncertain.
- Brandt anticipates further losses for ETH, while Martinez remains optimistic but acknowledges the challenging path towards $10,000.
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TronWeekly
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Ethereum Poised for 312% Surge to $10,000 Target
- Market watchers are anticipating a potential rally for Ethereum (ETH) to reach $10,000, requiring a surge of 312.36% from its current price of $2,425.
- Analyst Ali Martinez highlights the correlation between Ethereum's performance and the S&P 500, with both showing similar upward trends since late 2022.
- On-chain metrics reveal that 22.93% of active Ethereum wallets are profitable, while 60.83% are at break-even, indicating market indecision.
- Contrasting opinions exist regarding Ethereum's future, with some analysts suggesting a potential bearish outlook while others remain optimistic about a rally.
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TheNewsCrypto
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Crypto Whales Plot Their Moves on Trump-Driven Bitcoin ATH Day
- Crypto whales have made massive transfers following the 2024 U.S. election results and Bitcoin's new all-time high (ATH) day.
- Eleven new whale wallets withdrew over 1,807 BTC worth $133.5 million from Binance.
- Two large Ethereum transfers were observed, with one participant depositing 14,999 ETH worth $39.38 million on Kraken and another whale depositing 10,000 ETH worth $26.25 million on the same exchange.
- Memecoins such as PEPE, DOGE, FRED, and PNUT have seen increased whale activity, with significant transfers and accumulations.
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Coinpedia
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When Will Ethereum Price Hit All-Time High? Analyzing Current Market Trends
- Ethereum struggles to reach its all-time high as Bitcoin gains momentum.
- Ethereum faces resistance at $2,650 and needs to break $2,720 for potential gains.
- Ethereum has experienced outflows and selling pressure, making it hard to move up.
- The future of Ethereum remains uncertain unless market sentiment shifts in its favor.
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TheNewsCrypto
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Will ETH Reach Key Resistance as Market Momentum Builds?
- Ethereum's price rose to $2,596 with a 6.82% gain.
- The global crypto market cap surged by 8.11%, reaching $2.47T.
- Ethereum's market cap rose to approximately $313 billion, reflecting renewed investor confidence.
- Technical indicators show bullish momentum for Ethereum, with potential resistance at $2,630.
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Newsbtc
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Ethereum Volatility Soon? Derivatives Exchanges Receive 82,000 ETH In Deposits
- Derivatives exchanges have received a large influx of Ethereum deposits, signaling potential volatility in the ETH price.
- Positive spikes in Ethereum Exchange Netflow indicate investors depositing ETH to derivatives exchanges to open positions on the derivatives market.
- Increased risk and volatility are expected as more investors deposit ETH to derivatives exchanges, potentially leading to a bearish outcome.
- The recent spike in Ethereum Exchange Netflow shows a net deposit of about 82,000 ETH to derivatives platforms, indicating the potential for higher volatility in ETH.
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Blockonomi
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Ethereum Price Surpasses $2,500 Amid Technical Breakout
- Ethereum resurges after finding support at $2,350.
- Price moves above $2,500 and 100-hourly Simple Moving Average.
- Key resistance levels identified at $2,580, $2,620, and $2,650.
- Bullish momentum indicated by MACD and RSI positive.
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Crypto-News-Flash
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Ethereum ETF: Can Michigan Pension Fund’s Investment Spark a Green Rally for ETH?
- The State of Michigan Retirement System has invested $11 million in Grayscale's Ethereum trusts, becoming the first US pension fund to invest in an Ethereum ETF.
- This investment can create upward pressure on ETH's price, as participation from larger financial entities signals increased confidence in the asset's value.
- The State of Michigan also holds Bitcoin investments and is not an outlier in its foray into cryptocurrencies.
- The increased interest from retirement funds in digital assets signifies a notable shift in traditional finance towards the acceptance of cryptocurrencies, potentially enhancing ETH's market position and value.
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Newsbtc
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Ethereum Analyst Shares Correlation With S&P500 – Last Dip Before It Hits $10,000?
- Renowned crypto analyst Ali Martinez has shared a compelling technical analysis, highlighting a correlation between ETH and the S&P 500, suggesting a major breakout for Ethereum.
- Ethereum's price movements closely mirror those of the S&P 500, indicating a potential upswing, with a target around $10,000.
- Ethereum is navigating a critical support level, with the coming days being pivotal in determining its direction.
- If Ethereum can establish a solid bounce from current lows, it has significant upside potential for a sustained rally.
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