$3K Ethereum price breakout likely delayed until October
Ether price must still overcome the key $2,700 resistance before positioning for a breakout above $3,000 in Q4 2024. Go to Source
ETH
Auto Added by WPeMatico
Market Turbulence Hits Smart Traders: Whale Suffers $15.7M Loss
A whale who had previously excelled in Ethereum trades, earning a staggering $38M (+26.7%) from November 2022 to May 2024, has now suffered a significant loss. The whale deposited 8,825 $ETH ($24.1M) to Binance, leaving behind 10,619 $ETH ($28.5M) with an estimated total loss of $15.7M (-23%) from their ongoing third Ethereum trade. Market turbulence … Read more
Cybercapital Founder Justin Bons: L2s Are ‘Parasitic’ to Ethereum
Justin Bons, founder and CIO of Cybercapital, a Europe-based cryptocurrency fund, has warned about the effect that the rise of Ethereum L2s is having on the main chain. Bons stated that the activity that Ethereum should be experiencing is happening on L2s, and that is bringing fragmentation and more inflation to the ETH ecosystem. Cybercapital … Read more
Vitalik Buterin breaks down 2023 Ethereum Foundation spending
The Ethereum Foundation increased yearly spending on new institutions, which accounted for 23.8% of the foundation’s expenses in 2022. Go to Source
Ethereum whales buy big as ETH bottom approaches, analysts predict
Ether ETFs are on track to reach $500 million in net outflows, but according to market analysts, the ETH bottom may be in. Go to Source
Ethereum Soars Past $3,800: A Breakout With A Twist
Ethereum’s price has burst out of its channel, surging above $3,800 in a remarkable move. However, a closer look reveals a intriguing development. The Ethereum Foundation, the organization behind the cryptocurrency, has transferred 35,000 ETH (worth $94.07 million) to Kraken Deposit, sparking speculation about its intentions. According to Arkham, Ethereum Foundation (0xde0) transferred 35,000 ETH … Read more
Ethereum Technical Analysis: ETH Faces Critical Resistance at $2,800 Amid Market Indecision
On August 26, 2024, ethereum’s price hovered around the $2,739 mark, reflecting a cautious market sentiment as traders weigh the potential for further gains against looming resistance. Technical indicators across multiple timeframes reveal a mixed outlook, with key support and resistance levels tightly defining ethereum’s near-term trajectory. Ethereum Ethereum’s daily chart shows a strong downtrend … Read more
Crypto law firm loses appeal to force SEC’s hand on Ether classification
Hodl Law sued the SEC in 2022, claiming it could face the regulator’s ire for using Ethereum and wanted a court to force it to decide if ETH is a security. Go to Source
Ethereum Whale Activity Raises Red Flags As Dominance Declines
Ethereum, the second-largest cryptocurrency by market capitalization, has seen its dominance decline slightly, dropping from 16.8% to 15.2% over the past two years. Despite this modest decrease, Ethereum has managed to maintain relative stability in the ever-fluctuating crypto market. #Bitcoin Dominance has surged from 38% in Nov 2022 to a notable 56% today. Meanwhile, #Ethereum, … Read more
Ether’s price drop due to investor sentiment, not $420M ETF outflows: Nansen
Ether price is subdued by a lack of risk appetite among investors, caused by wider macroeconomic conditions. Go to Source