In Brief About $80 million ETH has left exchanges within the last 24 hours, suggesting waning selling pressure. The number of Ethereum addresses holding at least $1 Million has increased, reinforcing the bias. ETH has broken out of a symmetrical triangle, suggesting that the cryptocurrency might rise by 23%. For the first time since September…
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In Brief Ethereum holders transferred about 390,423 ETH to exchanges, valued at over $1 billion. Crypto whales also appears to be selling, according to on-chain data from IntoTheBlock. ETH’s price could drop to $2,440 as bears restrict a further uptrend for the cryptocurrency. The value of Ethereum (ETH) sent into exchanges has surpassed $1 billion…
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In Brief As Ethereum flirts with the $2,700 mark, long-term holders remain hopeful, but short-term holders appear to be losing confidence. Analysts suggest that a break above $2,700 could trigger a significant rally to $3,100, but failure to do so may result in retracement The $2,700 resistance level has become a battleground for ETH; however,…
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In Brief Vitalik Buterin, Ethereum’s co-founder, has registered the dacc.eth domain for defensive accelerationism. Buterin’s idea advocates for a more cautious and democratic approach to technological development. Buterin emphasizes the need for tech growth that maximizes benefits while mitigating risks. Ethereum co-founder Vitalik Buterin has registered the dacc.eth domain name today, months after publishing a…
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In Brief Skepticism about the spot ETF delay led Ethereum-related investments to reach its lowest since August 2022. Exposure to ETH leveraged positions continues to rise, according to a recent research. ETH’s price may decrease to $3,190 as a sell-wall appears between $3,290 and $3,386. Contrary to previous anticipation and predictions, the several spot Ethereum…
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In Brief ENS price has marked a 7% decline in the last 24 hours, trading at $24.8. About $144 million of profits have been lost due to the sharp fall. ENS market top has been formed every time the profitable supply exceeds 90%. Ethereum Name Service (ENS) price has painted a red candlestick on the…
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In Brief Ethereum spot ETFs are pending SEC approval of the S-1 filing registration statements. Analysts believe ETFs might attract significant investments, boosting the price of ETH. Researcher Bobby Banzai predicts these ETFs could see inflows of $569 million per month. The US Securities and Exchange Commission (SEC) approving Ethereum spot ETFs was a…
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In Brief SEC approves 8 spot Ethereum ETFs, including BlackRock and Fidelity. However, the issuers need further approval for S-1 registration. Experts argue political pressure likely influenced the SEC’s decision. In a landmark decision, the US SEC has approved eight spot Ethereum (ETH) exchange-traded funds ETFs, including those from BlackRock and Fidelity. This approval follows…
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In Brief Ethernity transitions to Ethereum Layer-2 with AI for security. Layer-2 targets entertainment with eco-friendly infrastructure. New projects like Fanable App and Exorians on Layer-2. Ethernity is a platform that offers authenticated and licensed NFTs featuring well-known figures such as Lionel Messi and Shaquille O’Neal. It has announced a Layer-2 solution on the Ethereum…
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In Brief Bitcoin and Ethereum options face expiry, with notional values of $1.39 billion and $1 billion, respectively. Bitcoin’s current maximum pain point is $61,000, highlighting a key level that traders should be aware of. Although market volatility expectations are high, the impact of options expiry is generally short-lived. Friday has come, which means it’s…
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