The launch of Donald Trump’s official memecoin on Solana has boosted the TVL and SOL price to new all-time highs and at the expense of rival Ethereum.
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Digital asset prices may still see substantial gains before the market corrects, the analyst said.
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Steno predicts Bitcoin at $150,000 and Ether at $8,000, setting the stage for an altcoin season in 2025.
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The monthly record in ETF inflows was insufficient to lift Ether’s price past the $3,500 resistance, which would trigger over $1 billion worth of leveraged short liquidations.
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Beyond the $1.1 million unrealized profit, the trader earned over $680,000 worth of funding fees on his short position, ripe for liquidation above $4,750.
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ETH continues to show strength after Ethereum’s rally above $4,000 and bulls appear to be targeting the 2021 all-time highs under $5,000 and beyond.
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Ether looks good on both long and short timeframes, traders say, as ETH price strength “finally” appears against Bitcoin.
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The price of ether (ETH), the native token of the Ethereum blockchain, rose by 3.2% against the U.S. dollar on Saturday, breaking above the $3,700 mark. This movement contrasted with bitcoin (BTC), which dipped slightly, losing less than a percentage point. Ether Outpaces Bitcoin With Weekend Rally Above $3,700 Ether’s climb stood out amid a […]
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Ether’s price is set for a boost above $4,000 as Trump prepares to take office on Jan. 20, which also marks the last day of work for SEC Chair Gary Gensler.
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Bitcoin remaining range-bound below $100,000 could be a net positive for Ether’s price and invite more investment into the world’s second-largest cryptocurrency.
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