In a recent social media post, renowned crypto analyst and trader Tyler Durden expressed his strong positive sentiment towards Ethereum (ETH). Durden confidently stated that the rise of ETH to $10,000 was not only imminent but also the most promising investment opportunity in the current crypto market. His bold prediction caught the attention of many
Ethereum
One prominent crypto analyst, Jelle, has recently made a bold projection regarding the price of Ethereum (ETH). According to Jelle’s analysis, Ethereum is poised to surge to $5,000 by the end of this year. This optimistic forecast is supported by a technical perspective that suggests Ethereum is currently in a phase of stabilization above the
The Ethereum Foundation recently made a significant transaction involving millions of Ethereum (ETH) tokens. This transfer, which amounted to 18,089 ETH (equivalent to $64.4 million), caught the attention of many in the crypto community. The wallet associated with the Ethereum Foundation moved these tokens to a new address, sparking speculation about the organization’s intentions and
Recent discussions have been swirling around the anticipated launch date of the Spot Ethereum ETFs, with Bloomberg analysts Eric Balchunas and James Seyffart providing their insights on the matter. Balchunas took to social media to announce that they are now looking towards July 2 as the potential date for the launch of these funds. This
Recent data has shown a significant increase in the number of notable withdrawals of Ethereum from centralized exchanges. This trend suggests that crypto whales are expecting a recovery in price, leading to a decrease in the ETH balances on exchanges to their lowest level in years. The uptick in withdrawals has been observed across both
Ethereum is currently facing downward pressure in the market, with a significant drop of approximately 15% from its peak in March 2024. This decline has erased all the gains that were made since May 20. Despite this bearish trend, on-chain data is pointing towards a more optimistic outlook for Ethereum. Analysts have noted a notable
Ethereum has once again faced challenges in its attempt to recover above the $3,650 resistance level. Despite an initial push to break through, ETH failed to sustain momentum and is now showing bearish signs below $3,600. The failure to establish a foothold above key resistance levels has raised concerns among traders and analysts. Looking at
Ethereum’s price recently faced a hurdle at the $3,720 resistance level, failing to break through. This failure resulted in a fresh decline, putting ETH at risk of further losses below the $3,550 support zone. The inability to surpass the resistance could signal a bearish trend in the near future. Following the rejection at the resistance
Ethereum (ETH) has recently experienced a surge in price, nearing the $4,000 mark. This increase in price has been met with renewed market enthusiasm following the US Securities and Exchange Commission’s (SEC) approval of Ethereum ETF applications by major asset managers. CoinShares reported a total of $2 billion in inflows to digital asset investment products,
Ethereum (ETH) has experienced a significant price drop below the 4-hour Simple Moving Average (SMA), signaling a potential shift in market sentiment from bullish to bearish. This technical development is crucial for traders and investors as it can indicate increased selling pressure and a possible downward trend continuation. The implications of this price movement extend
Ethereum’s price recently experienced a downside correction from the $3,885 resistance zone, leading the cryptocurrency to fall below $3,800. This correction came after Ethereum failed to surpass the $3,880 resistance level, signaling a bearish trend in the market. The price is currently trading below $3,840 and the 100-hourly Simple Moving Average, indicating further potential for
Asset manager VanEck recently updated its forecast for Ethereum (ETH) and now projects that the second-largest cryptocurrency could potentially reach $22,000 by the year 2030. This new prediction represents a significant increase from their previous estimate of $11,800 by the same year. VanEck attributes this revised outlook to the anticipated launch of Spot Ethereum ETFs,
Recent data has revealed a significant drop in the supply of Bitcoin (BTC) and Ethereum (ETH) on exchanges. The supply of BTC on exchanges has decreased to 11.6%, while ETH supply has dropped to 10.6%. This indicates that crypto whales are accumulating these tokens and transferring them to self-custody. The decrease in exchange balances suggests
The recent approval of Ethereum Spot ETFs by the US Securities and Exchange Commission (SEC) has created a stir in the financial markets. Several prospective issuers have filed amended versions of their S-1 forms, indicating a potential surge in interest in launching Ether Spot ETFs. This development follows a directive from the commission that required