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Ethereum News
Coindoo
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No Downtime, No Drama: Why Institutions Are Choosing Ethereum
- Ethereum co-founder Vitalik Buterin emphasized Ethereum's stability, reliability, and flawless uptime as reasons institutional investors are choosing it.
- Institutional interest in Ethereum is testing its core values, focusing on privacy, fairness, and predictable execution, according to Buterin.
- Tomasz Stańczak, co-executive director of the Ethereum Foundation, highlighted institutions' attraction to Ethereum's continuous innovation and consistent principles like security and censorship resistance.
- The article discusses how Ethereum is gaining traction among institutions due to its guaranteed execution, neutral infrastructure, and aligning with their needs for stablecoins and tokenized assets.
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Crypto-News-Flash
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Is It Time to Trim Ethereum? Why Solana’s Edge May Trigger a ‘Sell ETH’ Moment
- Solana is emerging as a strong competitor to Ethereum in areas like DeFi, NFTs, and everyday applications, with a focus on real-world, low-cost, real-time transactions.
- Solana, the 6th largest cryptocurrency with a $79 billion market cap, is making strides in challenging Ethereum's dominance, particularly in handling on-chain tokenized assets and DeFi.
- Solana's advantages include a fast-growing user base, lower transaction fees, and seamless interaction between devices and smart contracts, contrasting with Ethereum's high gas fees and scalability issues.
- Solana's efficient handling of AI agents, enabling cost-effective microtransactions, is becoming an attractive feature, further highlighting its potential to compete with Ethereum in the crypto space.
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Crypto-News-Flash
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Ethereum Reserves Surge on Binance, Market Awaits Next Move
- Binance now holds over 4% of the total circulating ETH supply, the highest level since May 2023, sparking concerns about potential selling pressure or strategic accumulation.
- Analysts are divided on whether the surge in Ethereum reserves on Binance indicates upcoming selling pressure or whales preparing for a market rally.
- Despite the increase in exchange supply, Ethereum's market strength remains resilient, with high transaction volumes and continued price stability around $2,516.67.
- The situation on Binance triggers speculation about potential market movements, with some suggesting a pattern of price drop followed by a sharp spike, while others see long-term holders accumulating with confidence in Ethereum's future.
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Blockonomi
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Ethereum Co-Founder Proposes 16.77 Million Gas Cap to Combat Network Attacks
- Ethereum developers are proposing a 16.77 million gas cap per transaction to enhance network stability and security.
- The cap aims to prevent denial-of-service attacks and improve transaction predictability.
- The proposal could pressure developers to optimize contract efficiency and logic.
- If approved, the cap will be hardcoded into Ethereum clients, affecting transaction processing and potentially streamlining network operations.
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Bitcoinist
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Ethereum MVRV Holds At 1.20–1.25, Suggests Market Peak Is Not In Sight – Details
- Ethereum's market has seen a modest 4.1% gain in the past week amidst a broader crypto market rebound with the coin trading around $2,600, a key price barrier.
- The MVRV ratio for Ethereum between 1.20-1.25 suggests investors are currently profitable, with 2.25 identified as a critical exit point based on historical data.
- At present, Ethereum is trading at $2,520 with a slight price decrease, and the market sentiment remains neutral with a Fear & Greed index at 73, indicating strong levels of greed.
- Analysts predict Ethereum could reach $2,737 in the next month and potentially climb back to around $4,099 within the next three months, indicating a bullish mid-term outlook.
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Newsbtc
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Ethereum Wyckoff Accumulation Hints At Explosive Q3 – $4K Level In Sight
- Ethereum is trading above $2,500 amidst recent market volatility and uncertainty, with bullish momentum building as investors anticipate a potential uptrend.
- Top analyst Ted Pillows suggests a Wyckoff accumulation pattern for Ethereum, signaling smart money positioning and potential for a breakout above $2,600 to reach $3,000 in the short term.
- ETH continues to show strength, holding above key support levels and trading within a tight range of $2,400 to $2,700, indicating a forthcoming decisive breakout that could define its path for the rest of the year.
- If the Wyckoff pattern unfolds as predicted by Pillows, Ethereum could target $4,000 in Q3 after surpassing $3,000, driven by increased confidence, broader altcoin participation, and sustained ETH demand within the crypto ecosystem.
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Bitcoinist
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Ethereum ETF Inflows Remain Green Despite Price Struggles – Here Are The Numbers
- Ethereum's price has shown a slight dip over the past 24 hours, with Binance reporting a 1.22% decline and CoinGecko noting a 1.81% drop, settling between $2,478 and $2,555.
- Despite the price struggles, there have been consistent inflows into Ethereum-based Spot ETFs, with US-based funds seeing a net inflow of 36,439 ETH valued at $92.19 million on July 4.
- The iShares Ethereum Trust and Grayscale's Ethereum Mini Trust were among the funds adding significant amounts of ETH, reflecting ongoing institutional confidence in Ethereum.
- Ethereum's price action suggests consolidation around $2,400 support and $2,600 resistance, with technical analysis signaling a wedge pattern that could lead to either a rally to $4,000 or a pullback to $1,750.
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TronWeekly
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Ethereum’s Bullish Momentum: Will It Hold Above $2,430?
- Ethereum broke resistance at $2,516, suggesting an uptrend with targets at $2,760 and $3,000.
- RSI at 51.95 indicates a neutral market; a drop below 48.60 could signal weakening momentum.
- Spot ETF staking in 2025 could boost Ethereum, with support levels at $2,400 and $2,100.
- Ethereum is trading at $2,514 with a slight 0.18% increase in the past 24 hours and a trading volume downtick of 18.54%.
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Coindoo
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Why Ethereum’s Dominance Is Facing a Real Challenge from Solana
- Solana is emerging as a credible threat to Ethereum due to its lightning-fast speeds, almost zero fees, and seamless scalability.
- In sectors like tokenizing real-world assets and decentralized infrastructure, Solana's advantages over Ethereum, such as low-cost execution and real-time micropayments, are becoming apparent.
- Solana's optimized architecture for speed and minimal cost makes it a better fit for AI-driven blockchain agents compared to Ethereum's more complex setup.
- While Ethereum's dominance is not over, Solana's growth in key markets is eroding Ethereum's lead, prompting a reassessment for long-term holders.
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TronWeekly
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Binance Continues to Outpace Competitors in Bitcoin and Ethereum Futures
- Binance leads the market with 30% Bitcoin OI and 31% Ethereum OI, valued at $9.8 billion and $5.1 billion respectively.
- Open interest on Binance surges with rising Bitcoin and Ethereum prices, underscoring traders' reliance on the platform.
- Bybit and Gate.io show strong OI but trail behind Binance in the Bitcoin and Ethereum futures markets.
- Binance maintains its dominance in the cryptocurrency marketplace, with significant market shares in both Bitcoin and Ethereum futures. It offers low fees, quick execution, and large leverage, further enhancing traders' trust in the platform.
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Coindoo
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Here’s Where Traders Think Bitcoin and Ethereum Are Heading This Month
- Traders predict Bitcoin could reach $115,000 by the end of the month with a 50% chance, while higher levels like $130,000 are less likely.
- Ethereum is expected to rise to $2,700 with the highest confidence at 60%, while reaching $4,000 is viewed as highly improbable.
- Solana's most realistic target is $160 with 63% probability, while higher levels like $250 have low chances.
- XRP traders focus on $2.40 as the most likely outcome at 65%, with only a 2% chance for a surge to $4.00 based on current sentiment.
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Livebitcoinnews
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$140 Million Stolen: Brazilian Banking Infrastructure Gets Hacked Overnight
- Brazil's banking infrastructure was targeted in a $140 million cyberattack, with hackers exploiting an employee who sold login credentials for $2,700.
- A significant amount of the stolen funds was quickly converted into cryptocurrencies for laundering, highlighting the increasing use of crypto in money laundering activities.
- The incident underscores the vulnerabilities of centralized systems and demonstrates the risks associated with relying on them in the digital age.
- This breach serves as a reminder of the importance of reevaluating access management and infrastructure to prevent such large-scale cyber thefts in the future.
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Cryptopotato
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Ethereum Gains 4% This Week, What are the Next Targets? ETH Price Analysis
- Ethereum remains range-bound between the 100-day and 200-day moving averages, indicating a consolidation phase.
- Market sentiment leans towards a potential bullish breakout in the coming days as ETH hovers between key levels.
- Technical analysis suggests that a breakout above $2.8K could signal another leg upward, while failure to hold $2.5K may lead to extended consolidation or a retracement.
- The funding rate in Ethereum's futures market has been declining, indicating reduced bullish conviction and the likelihood of continued sideways movement until stronger demand materializes.
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Bitcoinist
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Bitcoin or Ethereum? Options Traders Are Placing Their Bets for a July Breakout
- Bitcoin and Ethereum markets experienced reduced implied volatility in June despite geopolitical events that briefly affected prices.
- Traders on Derive.xyz are now adjusting their strategies for a potentially volatile July after a period of muted response to global risks.
- Implied volatility for Bitcoin and Ethereum decreased in June, with traders betting on a limited fallout scenario that eventually occurred.
- Derive's options market activity indicates expectations of larger price actions in July, with a bullish sentiment leaning towards Ethereum due to fundamental catalysts.
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TronWeekly
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Ethereum ETFs Surge Ahead of Bitcoin as Institutional Inflows Soar
- Ethereum ETFs have recorded high weekly inflows of 45,980 ETH, surpassing Bitcoin ETFs.
- Leading Ethereum ETFs like iShares ETHA and Fidelity's FETH received significant inflows, with total ETH held in ETFs reaching 4.12 million ETH.
- Institutional interest in Ethereum is on the rise, with a clear shift towards ETH over BTC observed in recent allocation trends.
- The strong institutional allocations towards Ethereum highlight its increasing acceptance and position as a preferred long-term strategic asset, signaling a re-evaluation of Ethereum's role in financial architecture.
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