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Ethereum News
Cryptopotato
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Ethereum Soars 44% as Abraxas Capital Pulls 185,309 ETH From Exchanges
- Ethereum (ETH) surged over 44% in just three days, from $1,800 to over $2,600, its strongest performance since January 2021.
- Abraxas Capital withdrew 185,309 ETH worth nearly $400 million from exchanges, indicating growing institutional confidence in Ethereum's future.
- ETH profitability rebounded with over 60% of addresses in profit, up from 32% a month ago, fueling the narrative that 'Ethereum is back.'
- ETH currently trades at $2,550, with analysts predicting resistance levels at $3,073, $3,316, $3,700, and $4,013, targeting $12,000 by year-end.
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Changelly
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What Is Proof-of-Work (PoW)?
- Proof-of-Work (PoW) is a consensus mechanism used in blockchain networks to secure transactions and prevent double spending.
- In PoW, network participants solve complex puzzles using computational power to add new blocks to the blockchain.
- Cryptocurrencies like Bitcoin, Litecoin, and others use PoW for transaction validation.
- PoW ensures adding blocks is hard but verifying them is easy, maintaining network decentralization and security.
- PoW has been critiqued for its high energy consumption, as mining operations consume significant electricity.
- Despite energy costs, PoW remains widely used for its enhanced security and reliability.
- The history of PoW includes key developments from 1993 when it was proposed to its integration in Bitcoin's whitepaper in 2008.
- PoW's purpose in blockchain networks is to replace central authorities, ensuring decentralized and trustless transactions.
- The PoW process involves miners solving cryptographic puzzles to add blocks, receive rewards, and validate transactions.
- Advantages of PoW include proven security, decentralization, fair competition, and no reliance on identity or trust.
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Coindoo
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Ethereum Opens with Rare Price Gap — Potential Local Reversal Zone?
- Ethereum opened with a notable price gap, different from the common Bitcoin gaps that usually close within 1-3 days.
- While Bitcoin's gaps are typically reliable indicators, Ethereum's larger and rarer gap is now gaining attention.
- Analysts suggest that Ethereum's gap could signal a potential local reversal point if the price moves downwards to close the gap.
- Even though Ethereum's gap might not carry the same weight as Bitcoin gaps, it could provide insights into short-term price movements and be an area of interest for traders to monitor.
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Crypto-News-Flash
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Top 3 Crypto Price Predictions: Bitcoin Holds Gains as Ethereum & XRP Test Support
- Bitcoin price could potentially reach new all-time highs if it closes above $105,000, despite facing some resistance levels due to diminished momentum.
- Ethereum has broken a downtrend line and rallied 44%, crossing the 200-day EMA level, with the potential to bounce back to $3,000 if it maintains support above $2,427.
- XRP price has sustained gains above the $2.20 support level, with a possibility of reaching $2.50 and even $3.00 if buying interest continues, while support is seen near the 50-day EMA.
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Newsbtc
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Bitcoin To $400,000, Solana To $420, Ethereum Dead Weight, Says Fund Manager
- Veteran trader and Asymmetric founder Joe McCann predicts Bitcoin could reach $400,000 and sees institutional flows driving its growth.
- McCann believes Solana is a strong investment at a potential price of $420 due to its scalability and infrastructure, especially after surviving the Trump meme-coin launch.
- On the contrary, McCann is bearish on Ethereum, stating that it is losing value due to low fee revenue and competition from its Layer 2 solutions.
- McCann predicts a shift towards dividend-style crypto ETFs for tokens with real protocol revenue, as the market bifurcates between Bitcoin ETFs and high-velocity meme-coin platforms.
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Coinpedia
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Bitcoin, Ethereum, & XRP Price Prediction for This Week: All-Time High Coming Soon?
- Bitcoin price hovers near $104k with signs of bullish exhaustion and must hold $100k support to avoid a steep fall.
- Ethereum tests key support levels around $2,431 and faces a risk of correction if it fails to hold above its 200-day EMA.
- XRP price inches toward $2.50 resistance level with moderate bullish pace and could target $3.00 if it maintains upward momentum.
- Overall sentiment in the crypto market remains cautiously optimistic as the top 3 cryptos - Bitcoin, Ethereum, and XRP - are closely watched.
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TheNewsCrypto
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Ethereum Breaks $2,550: Analysts Eye $10K as Technicals and Fundamentals Align
- Ethereum's price has surged past $2,550 with potential for further gains indicated by technical indicators and strong on-chain fundamentals.
- Analysts predict a possible rise to $10,000 based on bullish fractal patterns and upcoming upgrades like Pectra aiming to improve scalability and efficiency.
- Technical analysis shows Ethereum's price action reflecting bullish trends with RSI indicating overbought conditions and MACD signaling uptrend continuation.
- Key resistance levels for Ethereum are at $2,850, $2,980, and $3,000, with strong support at $2,450. Improved on-chain metrics and network upgrades suggest bullish momentum in the near future.
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Zebpay
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Ethereum Soars: Unpacking the Surge and What It Means for Investors
- Ethereum (ETH) has surged past $2,500, garnering attention from investors and analysts.
- The recent surge is attributed to strengthening fundamentals and positive market sentiment.
- Key points include a 31.3% weekly price growth and a market cap of $309.80 billion.
- Ethereum's role extends to dApps, tokenized assets, and enterprise blockchain use cases.
- Factors driving the surge include the Pectra upgrade, DeFi and NFT ecosystem growth, and regulatory developments.
- The Pectra upgrade enhanced scalability, staking mechanisms, and wallet functionality.
- DeFi and NFT sectors are experiencing a revival on the Ethereum network.
- Regulatory clarity and market recovery contribute to Ethereum's legitimacy and adoption.
- Investors can explore staking rewards, DeFi participation, and ecosystem expansions.
- Strategies like Dollar-Cost Averaging, Long-Term Holding, and Active Trading are recommended for investors.
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TheCryptoBasic
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Ethereum Price Exceeds $2,600, On-Chain Data Signals a Surge Toward $3,000
- Ethereum surpasses $2,600 mark with 69 million ETH turning profitable amidst bullish momentum towards $3,000.
- Recent surge backed by positive on-chain data and bullish market sentiment, particularly driven by the US-China trade deal.
- Technical analysis indicates Ethereum's potential to test $3,000, with key support levels at $2,145 and $2,400.
- Rally also impacts derivatives market, with $18.56 million bearish positions liquidated and open interest rising to $29.43 billion.
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Cryptopotato
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Ethereum Price Analysis: Is ETH Due for a Correction After 42% Weekly Surge?
- Ethereum has surged significantly, approaching a crucial resistance level at $2.6K, but faces strong resistance factors at this range, hinting at a likely consolidation before the next major move.
- Technical analysis on the daily chart indicates that ETH is at a critical resistance zone near $2.6K, marked by the 200-day moving average and a previously broken ascending channel boundary, suggesting a potential corrective phase is needed for market stabilization.
- On the 4-hour chart, Ethereum's buying momentum has pushed it through multiple resistance levels, aiming for all-time highs. However, a key supply zone at $2.6K may trigger a short-term pause or consolidation, more likely given the overbought RSI levels.
- Onchain analysis reveals that Ethereum's recent surge seems driven by spot market demand rather than excessive leverage in futures markets, indicating a more stable and organic uptrend. Sustained bullish momentum hinges on a potential rise in funding rates to reflect increased confidence among futures traders.
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TheNewsCrypto
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Crypto Market Rallies Ahead of $774M Token Unlock Events
- Crypto market rallies ahead of $774M token unlock events
- Around 30 projects are set to unlock a total of $774 million worth of tokens this week
- Short-term volatility expected, mainly for smaller tokens, due to possible market disruption with unlocks
- Significant tokens unaffected by the token unlocks; wider market not likely to experience disruption
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Bitcoinsensus
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Ethereum Price Prediction: Will ETH Break $2,600 or Pull Back First?
- Ethereum has reached the $2,600 level but is encountering resistance at a weekly supply zone.
- On the 4-hour chart, Ethereum shows a potential short retracement may occur after a recent shift in structure.
- There is uncertainty in the market as Ethereum did not sweep all the liquidity below before its rally, indicating a possible pullback.
- Traders are advised to watch for signs of a short retracement before any significant continuation in Ethereum's price.
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Bitcoinist
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XRP Price Outperforms Bitcoin, Ethereum As ‘Strange Signal’ Emerges, Why The Target Is $4
- XRP price is performing strongly compared to Bitcoin and Ethereum, showing significant gains in the market recently.
- Crypto analyst has identified a 'strange signal' in XRP price chart indicating potential for a significant price increase.
- The analyst observes a change in candle formation suggesting reduced volatility and potential bullish momentum for XRP.
- If the bullish signal plays out, XRP price could rally towards $3.6, marking a potential over 50% increase from the current level and possibly reaching new all-time highs.
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Crypto-News-Flash
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TRON and Ethereum Are Battling for the USDT Top Spot
- TRON is closing in on Ethereum's USDT dominance, driven by low fees and support from major exchanges.
- Ethereum still attracts institutional interest with rising daily active addresses and profitable whale activity.
- TRON has been steadily catching up with Ethereum in the USDT market since 2021, reflecting the industry's focus on efficiency and speed.
- While Ethereum leads in total USDT supply, TRON is closely trailing behind, gaining traction due to lower costs and support from exchanges like Binance, OKX, and Bybit.
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Coindoo
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Ethereum’s Pectra Upgrade Unlocks Powerful Features — and a Dangerous Flaw
- The Ethereum's Pectra upgrade introduces EIP-7702 allowing users to delegate wallet control via offchain signatures.
- However, a flaw in the upgrade can lead to a malicious signature rewriting wallet code and transferring control to an attacker's contract without requiring transaction confirmation.
- Security experts warn that even hardware wallets are at risk of exposure if users unwittingly approve delegation messages, which can be difficult to detect due to their format.
- Most individual wallets, including cold storage, need immediate updates to handle the new signature type to avoid potential instant and irreversible loss for users.
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