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Ethereum News
Cryptopotato
6d
57
Image Credit: Cryptopotato
Ethereum Price Analysis: ETH Rejected at $4K Again, Is $3.5K Next?
- Ethereum faced rejection at the $4K resistance level, indicating the presence of sellers.
- A potential pullback towards the $3.5K support zone is anticipated.
- Technical analysis suggests the formation of a double-top bearish reversal pattern.
- The concentration of liquidation levels near $4K increases the likelihood of a bullish breakout.
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Altcoinbuzz
6d
140
EIP-7503: The Key to Private ETH Transfers on Mainnet
- EIP-7503, also known as Zero-Knowledge Wormholes, is an Ethereum Improvement Proposal aimed at enabling privacy-preserving transactions directly at the protocol level.
- It ensures transactions are private by default, making on-chain activity more secure and confidential.
- Ethereum is seen as a potential leader in the growing privacy movement within cryptocurrency and blockchain.
- EIP-7503 introduces a way to keep transactions anonymous, allowing users to send ETH to an unspendable address and then mint that ETH to a new address chosen by the user.
- EIP-7503 leverages the entire pool of Ethereum addresses with a non-zero balance and no outgoing transactions to create anonymity sets to keep the transaction history private.
- This Ethereum Improvement Proposal has gained significant support from the Ethereum community, with experts predicting that it will be a game-changer in making on-chain activity more private and secure.
- As more institutions join the Web3 space, privacy-focused protocols and tools like EIP-7503 are expected to gain significant traction in the coming years.
- Privacy in on-chain transactions is important to protect financial independence and personal security, and Ethereum's current lack of privacy leaves users vulnerable to surveillance, profiling, and even targeted attacks.
- EIP-7503 avoids the vulnerabilities and regulatory scrutiny that mixers like Tornado Cash have faced. It seeks to embed privacy directly into the Ethereum protocol.
- Core Ethereum figures have shown support for EIP-7503, which could be groundbreaking for the platform.
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TheCryptoBasic
6d
0
Image Credit: TheCryptoBasic
Ethereum Risks Breakdown to $3,378 as Bears Threaten $3,800 Support
- Ethereum prices drop below $3,900, indicating bearish sentiment.
- $3,700 support level is at risk as Ethereum forms consecutive bearish candles.
- Ethereum price analysis suggests a potential decline towards $3,600.
- Despite the bearish trend, Ethereum ETFs record significant inflows, demonstrating institutional support.
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Crypto-News-Flash
6d
107
Image Credit: Crypto-News-Flash
$333B in Ethereum Held by 104 People–57% of ETH Supply in Few Hands
- 104 wallets hold 57% of Ethereum's total supply, worth approximately $333.01 billion.
- Whale accumulation suggests long-term bullishness for Ethereum.
- Mid-tier investors are either selling their holdings or combining them into larger entities.
- The concentration of Ethereum's supply in whale wallets raises both optimism and risks.
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Crypto-News-Flash
6d
140
Image Credit: Crypto-News-Flash
Omni Network Launches ‘Core’ Mainnet to Unify Ethereum Rollups
- Omni Network has launched its Omni Core mainnet to address Ethereum Layer 2 fragmentation.
- The platform aims to simplify interactions across Ethereum rollups, addressing $58 billion in fragmented TVL.
- Omni utilizes restaking and cross-chain messaging to enhance interoperability and support new decentralized applications.
- Backed by $18 million, Omni integrates Cosmos' CometBFT with Ethereum's EVM to boost scalability and liquidity potential.
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TheNewsCrypto
6d
8
Image Credit: TheNewsCrypto
Ethereum (ETH) Bulls Eye Another Shot at $4K
- Ethereum briefly surpasses $4K but retraces to prior lows.
- Clearing $4.1K resistance could open path to $6K for ETH, according to analyst.
- Ethereum corrects gains, struggles to stay above $3,865 support zone.
- ETH price movement within ascending channel, breakout above $4.1K could trigger bullish momentum.
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Newsbtc
6d
181
Ethereum On-Chain Demand Should Sustain ETH Above $4,000, IntoTheBlock Says
- Market intelligence platform IntoTheBlock reveals Ethereum's strong on-chain demand zones that support it above $4,000.
- Key support centers for Ethereum lie in the $3,772 to $3,892 and $3,892 to $4,011 price ranges.
- Investors purchased 7.2 million ETH at these levels, indicating significant demand.
- The negative Ethereum Exchange Netflow suggests a trend of accumulation and potential price support.
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Livebitcoinnews
6d
193
Image Credit: Livebitcoinnews
ETH Surpasses BTC Leading in Options Open Interest Study
- ETH perpetual positions are declining as the market falls.
- BTC exceeds ETH in perpetual, but ETH wins in options.
- ETH perpetual open interest has plunged due to liquidation of highly leveraged long positions.
- ETH options are outperforming BTC, showing an inverted term structure driven by realized volatility.
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Crypto-News-Flash
6d
65
Image Credit: Crypto-News-Flash
Ethereum Price Set to Explode? RWA Tokenization Points to $4,300 ETH in 2025
- Ethereum's position in the tokenization of real-world assets (RWA) is gaining momentum, with predictions of its growth potential.
- Large investors are accumulating Ethereum, with 104 wallets controlling 57% of its circulating supply.
- Increasing institutional interest is observed in Ethereum-linked products and ETFs.
- The tokenization market is growing, with improvements in legal systems and the usage of stablecoins opening the path to future growth.
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Crypto-News-Flash
6d
288
Image Credit: Crypto-News-Flash
Why XRP Holders Could Become the Richest People You Know, According to Analyst
- XRP may rally to $5 as technical indicators show bullish signs.
- Falling Bitcoin dominance supports XRP's potential growth.
- XRP's bullish flag pattern confirms an upward trend.
- Altcoin season and key support levels suggest higher gains for XRP.
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Newsbtc
6d
251
Image Credit: Newsbtc
Ethereum Sees Net Outflows On Spot Exchanges—Is a Major Price Rally Coming?
- Net outflows on spot exchanges have been observed in Ethereum, indicating potential bullish sentiment.
- Net outflows suggest investors are transferring ETH to cold wallets, reducing selling pressure.
- Sustained net outflows are important for Ethereum's upward trend and long-term price appreciation.
- Ethereum's performance and net flow data can influence altcoin trends in the broader crypto market.
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Bitcoinist
6d
45
Image Credit: Bitcoinist
Just 104 Ethereum Whales Control 57% Of All Supply, Data Reveals
- The mega whales, consisting of only 104 members, today own 57.35% of the ETH supply, a new all-time high.
- The holdings of the sharks and whales sit at an all-time low of 33.46%.
- The centralization of supply is not positive for Ethereum, as it runs on a Proof-of-Stake mechanism.
- Some mega whales may be staking pools and platforms holding coins on behalf of many investors.
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Cryptonews
6d
61
Image Credit: Cryptonews
Bitwise Forecasts Ethereum Boom in 2025 Due to RWA Tokenisation Wave
- Ethereum briefly surpassed the US $4k mark (again), before traders sold out to once again leave the coin dangling just below the resistance level.
- Bitwise’s Senior Investment Strategist, Juan Leon, predicts this is a precursor for an Ethereum breakout in 2025.
- He believes that Ethereum’s network is the most likely to capture significant market share of the fast-growing tokenisation industry.
- Spot Ether funds experienced over US $2b in net flows in the past fortnight, indicating increased institutional interest.
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Dev
6d
331
Image Credit: Dev
Build Multi Chain Applications with IC-Alloy and the Internet Computer
- ICP smart contracts can hold Ethereum, Bitcoin, and other assets natively and interact with smart contracts on other chains.
- IC-Alloy is a fork of the Rust-based Ethereum support library Alloy that offers tools for interacting with EVM-based blockchains on the Internet Computer.
- Features of IC-Alloy include an ICP Transport Layer, ICP Signer, and ICP Provider.
- IC-Alloy allows users to easily extend Alloy to add support for ICP without rewriting the entire library from scratch.
- ICP supports more than one cryptographic scheme, allowing ICP smart contracts to securely hold Bitcoin and interact with Ethereum and other EVM chains.
- IC-Alloy is modular, making it possible to fork Alloy and accomplish tasks like routing requests, providing Ethereum capabilities, and managing JSON-RPC requests and responses.
- IC-Alloy allows for the creation of Chain Fusion applications. Examples include DEXs, cross-chain messaging, multi-asset wallets, co-processing, off-chain computation, and autonomous agents.
- IC-Alloy has examples, including ic-alloy-toolkit, ic-alloy-basic-wallet, and ic-alloy-dca.
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TronWeekly
6d
37
Image Credit: TronWeekly
Ripple’s RLUSD to Debut on Dec. 17 Experts Warn of Early Volatility Risks
- Ripple is set to launch its USD-denominated stablecoin, RLUSD, on December 17, 2024.
- RLUSD will be integrated with both the XRP Ledger and Ethereum blockchains.
- The stablecoin's reserves will consist of US dollar deposits, government bonds, and cash equivalents.
- Ripple plans to use RLUSD for global payments, cross-border settlements, liquidity access, and collateralization.
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