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Ethereum News
Cryptopotato
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2 Reasons Why Ethereum (ETH) Might Rebound After 22% Weekly Crash: Details
- Whales accumulated 110,000 ETH during the recent dip, signaling a possible price revival.
- The correction might soon be replaced by a resurgence due to reduced circulating supply and potential injection of fresh capital.
- Ethereum's Relative Strength Index (RSI) suggests that ETH might be oversold and due for a possible rebound.
- Despite recent poor performance, some market observers remain optimistic about an ETH bull run in the coming months.
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Cryptopotato
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‘Buy the Dip’ Interest Spikes, but Santiment Predicts More Pain Ahead
- Crypto traders are showing peak confidence in buying the latest market dip, but Santiment data suggests this optimism may be a prelude to more price drops.
- Santiment's analysis revealed a sharp increase in mentions of 'buying the dip' across platforms like X, Reddit, Telegram, and BitcoinTalk.
- Experts caution that a real recovery may only begin when dip-buying sentiment cools down, indicating a true buying opportunity.
- At the time of writing, the broader crypto market had experienced a significant decline in capitalization, with Bitcoin down 7.4% in the last 24 hours.
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Cryptoticker
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Ethereum Price Crash Below $2,200 – Will $2,000 Hold?
- The crypto market total capitalization has dropped to $2.67 trillion.
- Ethereum is trading at $2,150, nearing the crucial $2,000 support level.
- ETH has lost 9% in the past 24 hours and 23% in the past week.
- Ethereum's future depends on Bitcoin's ability to hold support at $80,000.
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Blockonomi
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Ethereum (ETH) Price: Whale Buying Hits $9.41M Despite Price Action
- Ethereum whales demonstrated strong accumulation with buy volume reaching $9.41M vs $6.17M sell volume over 24 hours and net inflows of 88.89K ETH over 7 days.
- ETH's volatility has stabilized at 15.47% after peaking at 81.61%, suggesting a potential market bottom formation.
- Price recently declined below $2,350 support level, with bearish signs and consolidation around $2,220.
- Technical indicators point to increased selling pressure, with key support levels at $2,120 and major resistance at $2,260.
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TronWeekly
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Bybit Hackers Launder $480M in ETH Through Bitcoin, Largely Using ThorChain
- Bybit hackers transferred at least 209,384 ETH, valued at approximately $480 million, onto Bitcoin.
- $240 million of the stolen funds were laundered using THORChain.
- Tracking this $1.5 billion hack is difficult due to thousands of separate transactions.
- Hackers managed to launder at least 100,000 ETH ($250 million) from Bybit.
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Crypto-News-Flash
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Ancient Ethereum Whale Sold 14K ETH Through Wintermute OTC
- An Ethereum whale from 2016 reportedly sold 14,000 ETH via Wintermute OTC, raising speculation about strategic market maneuvers.
- Large ETH transactions suggest whales are shifting holdings, fueling discussions on long-term accumulation versus short-term profit-taking.
- Ethereum has regained popularity following the movement of an ancient whale, which sparked widespread market speculation.
- Data provided by crypto expert Ali Martinez reveals that Ethereum whales had bought 110,000 ETH, showing institutional investors' trust despite ETH's volatile price.
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Cryptopotato
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Crypto Price Analysis February-28: ETH, XRP, ADA, BNB, and SOL
- Ethereum (ETH) has lost support at $2,400, falling by 21% in the past week. A critical level for ETH is $2,000, and if lost, it may enter a bear market.
- Ripple (XRP) closed the week with a 23% loss and faces a strong support level at $2. If it falls below, the rally could be over.
- Cardano (ADA) lost key support at $0.64 and experienced a 25% price drop. Further decline to $0.45 is possible.
- Binance Coin (BNB) fell by 12% and lost support at $600. Potential support levels for BNB are at $550 and $500.
- Solana (SOL) registered a 27% loss in the past week and is approaching the critical support level at $100.
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TheNewsCrypto
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Ethereum Stumbles 9% – Is This a Dip or Deeper Trouble?
- Ethereum has fallen over 9%, slipping into the $2.1K zone.
- The market experienced a surge in liquidations, with $195.40 million worth of ETH wiped out.
- ETH is forming a sturdy bearish trend line and could start a recovery wave only if it moves above $2,200.
- The on-chain data reports that the Bybit hacker has already laundered over 50% of the stolen 499K ETH within a week.
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TechBullion
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4 Tokens to Buy as Big Money Investors Pivot from Ethereum (ETH)
- Rexas Finance (RXS), Tron (TRX), Hyperliquid (HYPE), and OKB are gaining popularity as alternatives to Ethereum (ETH).
- Rexas Finance (RXS) is drawing the interest of both institutional and retail investors and enables easy tokenization and trading of real-world assets on the blockchain.
- Tron (TRX) is benefitting from Ethereum's flaws in terms of scalability and network congestion, attracting institutional investment and showing positive price momentum.
- Hyperliquid (HYPE) offers a high-performance decentralized finance (DeFi) platform with great liquidity and efficient on-chain transactions, making it a preferred choice for large money investors.
- OKB, the native cryptocurrency of the OKX exchange, has gained momentum as institutional investors seek alternatives to Ethereum, with a track record of strong performance and lower transaction fees.
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Cryptonews
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SOL Plunges as Solana TVL Drops and Pump.fun Launches Down
- Solana's native token (SOL) and total value locked (TVL) have both dropped over 40%, reflecting a major decline in usage and investor confidence.
- Over US$1 billion in assets left the network in three months, mostly migrating to Ethereum and newer blockchains like Sui and Base.
- The memecoin market on Solana plummeted more than 60%, with Pump.fun's recent hack amplifying losses and damaging trust further.
- Solana's native cryptocurrency, SOL, is trading below US$137 (AU$219), representing a 52% drop from its all-time high of US$295 (AU$474) on January 19.
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TronWeekly
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Ark Invest Reshapes Portfolio Amid Crypto Market Turmoil
- Ark Invest purchased 41,032 Coinbase shares worth $8.7 million for its ARKW fund.
- The firm sold 98,060 shares of its spot Bitcoin ETF, ARKB, valued at $8.6 million.
- Coinbase stock has dropped 38% since its December peak and closed at $212.49 on Tuesday.
- Ark Invest adjusts investment strategy to respond to cryptocurrency market volatility.
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Securityaffairs
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FBI: North Korea-linked TraderTraitor is responsible for $1.5 Billion Bybit hack
- The FBI confirmed that North Korea is responsible for the record-breaking cyber heist at the crypto exchange Bybit.
- Last week, the crypto exchange Bybit suffered a sophisticated cyberattack, with hackers stealing over $1.5 billion worth of ETH and stETH.
- Bybit's security team is investigating the breach, while cybersecurity firms attribute the attack to the Lazarus APT group.
- The FBI published a Public Service Announcement attributing the heist to the North Korea-linked group TraderTraitor and provided a list of related Ethereum addresses.
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Cryptonews
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Ethereum’s Pectra Upgrade Still on Schedule After Test Failure: ‘People Are Watching’
- Ethereum’s core developers have decided to proceed with the Pectra upgrade on schedule.
- A testnet practice run for the upgrade, called Holesky, failed to finalize.
- The developers identified the issue and deemed it manageable, choosing to continue with the Sepolia testnet on March 5.
- The Pectra upgrade will bring user-friendly features to Ethereum, including smart contract functionality for mainstream crypto wallets and improved user experience on consumer-facing crypto apps.
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Crypto-News-Flash
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Ethereum Pectra Upgrade to Enhance Shibarium: Will SHIB, BONE, or TREAT Be Used for Gas?
- Ethereum Pectra introduces affordable bridging, eliminating the need for ETH in gas fees, which could influence Shibarium's gas token economy and overall accessibility.
- Pectra upgrade of Ethereum network enhances Layer 2 scaling options like Shibarium and streamlines Layer 2 solutions making them more efficient and accessible.
- Pectra brings more affordable bridging, eliminating the need for ETH in gas fees for bridging assets, potentially impacting Shibarium's gas token economy and making it more usable.
- Speculation arises whether Shibarium could expand gas token options to include SHIB or TREAT with the introduction of dynamic gas payments through Pectra upgrade.
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Crypto-News-Flash
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Ethereum Whales Dump Holdings – What’s Next for ETH After 440K Sell-Off?
- Ethereum whales are panic selling as the price continues to fall.
- Whales have dumped 440,000 ETH worth over $1 billion in the past week.
- Inflows of ETH to the market have increased, indicating potential preparation for further sales.
- Despite the decline, some analysts believe this is a good buying opportunity for ETH.
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