Ether price drops 26% since ETF launch as supply increases by 60,500 ETH
The US Ether ETFs generated over $420 million worth of selling pressure for the world’s second-largest cryptocurrency. Go to Source
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Analysts Predict Ethereum Could Reach $6,404 By End Of 2024 Amid Rising ETF Interest
Top analysts, media outlets, and fund managers are collectively bullish on Ethereum’s price trajectory, predicting it will average $6,404 by the end of 2024. Forecasts vary widely, with predictions ranging from $4,400 to a staggering $166,000. What is Ethereum’s price prediction for 2024? đź‘€ Our latest study reveals that top analysts, outlets, and fund managers … Read more
Ethereum Faces Potential Correction To $2,350 Amid Vitalik Buterin’s Significant Movements
A recent analysis by crypto analyst Ali Martinez on X suggests that Ethereum may be forming a rising wedge pattern, a technical indicator that could signal a pullback before a possible correction to $2,350. However, Martinez notes that this bearish outlook could be invalidated if Ethereum manages to close above $2,800, a crucial resistance level. … Read more
Ethereum traders say ETH price at risk of a deeper correction to $1.6K
Multiple analysts believe that Ethereum price is likely to touch new lows near $1,600. Go to Source
Ethereum Profitability Drops To 66% Amidst Market Volatility And DeFi Challenges
Ethereum’s profitability has declined to 66%, reaching levels not seen since October 2023. This dip comes as the market navigates a complex landscape marked by mixed technical signals and ongoing challenges within the decentralized finance (DeFi) sector. 🔸 #Ethereum profitability falls to 66%, mirroring Oct 2023 levels. 🔸 RSI and MACD show mixed signals as … Read more
Crypto ETF Market Sees Turnaround: Bitcoin and Ethereum Funds Net Inflows
U.S.-based spot bitcoin and ethereum exchange-traded funds (ETFs) both enjoyed a lift on Monday, with ETH ETFs pulling in $4.93 million while BTC ETFs attracted $27.87 million during the day’s trading. Crypto ETFs Make a Positive Comeback On Aug. 12, 2024, both spot bitcoin (BTC) and ethereum (ETH) ETFs experienced inflows, marking a shift from … Read more
Ethereum Profitability Drops To 66% As Market Downturn Hits Holders
The recent market downturn has taken a toll on Ethereum, leaving only 66% of addresses in profit, a significant drop reminiscent of October 2023, when Ethereum was trading around $1,800. This decline has pushed a substantial portion of Ethereum holders into the red, marking one of the lowest profitability levels seen in nearly a year. … Read more
Ethereum median gas price hits 5-year low
The median price to send an Ethereum transaction hit 1.9 gwei on the weekend, with low-priority transactions priced even lower. Go to Source
150,000 Ether Floods Liquid Staking Platforms in 27 Days
In the last 27 days, ether liquid staking derivatives have experienced an influx of 150,000 ETH, valued at $390 million, flowing into various protocols. Notably, since July 14, 100,000 ETH made its way to Lido, the world’s leading liquid staking platform by market share. Ethereum Liquid Staking Spikes to 13.59 Million Ether, Lido Nears 10 … Read more
QCP Capital: Bitcoin Bounces Back Above $60K as Ethereum Struggles
QCP Capital reports that bitcoin (BTC) has shown a strong recovery this week, stabilizing above the $60,000 range after a sharp drop below $50,000 on Monday. In contrast, the firm highlights a significant liquidity shift in ethereum (ETH), raising concerns about its current market standing. QCP Capital Reports Bitcoin’s Resilience Amid Volatility; Ethereum Faces Liquidity … Read more