ETH

Major cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH), saw a significant drop as $170 million in long positions were liquidated in one hour, according to data from CoinGlass. This hurt investors who had bet on the prices of both cryptocurrencies to rise further.  The liquidations were dominated by BTC and ETH investors, with $65 million and $52 million in long positions liquidated, respectively. BTC plummeted below $60,000 late on Tuesday and has dipped by 6% in the past 24 hours.…

The post Why Did Ethereum Drop? Will ETH Price Crash To $2K? appeared first on Coinpedia Fintech News After attempting to follow Gold in a bullish outlook in the past few weeks, Ethereum (ETH) led the altcoin industry in significant losses in the past 24 hours. The large-cap altcoin, with a fully diluted valuation of about $297 billion and a daily average traded volume of around $20 billion, dropped nearly 8 percent in the last 24 hours to exchange about…

The post Crypto Market News: BTC and ETH Remain Stagnant While Some Altcoins Try Hard to Explode appeared first on Coinpedia Fintech News The crypto markets are trading under a bullish influence, intending to reach beyond the interim resistance in a short while now. Meanwhile, the bulls have fallen short of their strength as the bears successfully squeezed some profits. The bitcoin price dropped and is approaching the crucial support at $63,000, while the Ethereum price is testing the pivotal…

Ethereum is in a classic accumulation phase following its recent correction and is now targeting a $3,000 price. After dropping to $2,116 just 20 days ago, ETH experienced a significant price surge, recovering to higher levels, suggesting bullish momentum was building.  This accumulation phase has drawn the attention of analysts and investors alike, who are now closely monitoring Ethereum’s price action for signs of a more significant move to the upside. The recovery from recent lows has sparked renewed optimism,…

The post Ethereum Sell-off Ahead? Institutions Dump $35M Worth of ETH appeared first on Coinpedia Fintech News The overall cryptocurrency market is turning red and has experienced a 1.75% downside momentum. Amid this market downturn, institutions are looking to sell their crypto holdings. Institutions Dumped $35M Worth Ether On August 26, 2024, an on-chain analytic firm lookonchain made a post on X (Previously Twitter) that two institutions dumped over 12,882 Ethereum (ETH) worth $35.3 million to centralized exchanges including Binance…

Fortunes can be made or lost in a matter of moments, and some seasoned investors known as “whales” are strategically positioning themselves for the next big crypto breakout. Recently, an Ethereum (ETH) whale has been making waves by accumulating large amounts of Base Dawgz (DAWGZ) and Mpeppe (MPEPE), betting on the potential for 1000x returns. But what makes these two tokens so appealing, and how do they stack up against the established powerhouse of Ethereum (ETH)? Ethereum (ETH): The Whale’s…

Bitcoin (BTC) saw a significant jump over the weekend, moving above $64,000. The world’s largest cryptocurrency shed its recent sluggish price movement due to two positive developments. The first catalyst was Federal Reserve Chairman Jerome Powell confirming a monetary easing cycle beginning next month. The second catalyst was crypto-friendly RFK Jr. throwing his weight behind Trump in the presidential elections after suspending his own campaign. Bitcoin (BTC) Sitting Above $64,000 Bitcoin (BTC), already up around 3% on the news of…

As Ethereum (ETH) continues its steady march towards the $3,000 mark, investors are becoming increasingly bullish on the second-largest cryptocurrency by market capitalization. With Ethereum (ETH) currently trading between $2,600 and $2,700, analysts like Michael van de Poppe are predicting a breakout that could quickly push ETH to $3,100, with even loftier goals in sight. Some experts believe that Ethereum (ETH) could reach new all-time highs of $5,000 by the end of the year, and possibly even $10,000 in 2025,…

Following affirmative comments of an impending rate cut by US Federal Reserve Chairman Jerome Powell, Ethereum (ETH) alongside other crypto assets experienced a rapid price gain with the total crypto market cap rising by 6% on Friday. The price of Ethereum in particular moved upward by 6.38% to nearly breach the $2800 price mark. However, amidst this crypto market raving with bullish sentiments, the Ethereum Foundation (EF), a non-profit organization committed to supporting the Ethereum network, has offloaded a substantial…