ETH

Even after the welcomed recovery on August 6, Ethereum is under immense selling pressure today, August 7. Despite gains earlier today, losses saw the coin edge lower, as visible in the daily chart. The daily chart rejected the coin at around the $3,500 resistance level. At this pace, Ethereum could continue plummeting if bears step on, mirroring losses of the first half of the week. Jump Trading Liquidating Ethereum: Will Prices Drop Below $2,000? Multiple factors at play explain the…

On Wednesday, online reports unveiled that hundreds of Ethereum wallets that had been dormant for over 3 years were moving large amounts of ETH. The wallets were believed to have moved $2 billion worth of ETH linked to a $4 billion crypto scam. Investors worried that another massive dump would affect the market’s recovery. However, further details revealed that the initial ETH amount suspected to be moving was considerably smaller. 3-Year-Old Dormant Ethereum Wallets Awaken On-chain tracking firm Lookonchain reported…

The recovery in the crypto markets has lost steam, with Bitcoin (BTC) and Ethereum (ETH) struggling to push above resistance levels, indicating that sellers are active at higher levels.  Markets are expected to remain volatile in the face of continued economic uncertainties, although analysts believe the downside may be limited. Some analysts have also suggested that the dip in major cryptocurrencies presents an excellent buying opportunity for investors.  Bitwise Chief Investment Officer Matt Hougan suggested investors ignore short-term volatility and…

Ethereum (ETH) investors are increasingly turning their attention to Mpeppe (MPEPE), a new entrant in the meme coin arena. This shift is driven by several compelling factors that highlight why securing a position in Mpeppe (MPEPE) could be a strategic move for those already invested in Ethereum (ETH). Here’s a closer look at the key reasons behind this growing trend. Harness The Power of Popular Culture One of the primary reasons Ethereum (ETH) investors are flocking to Mpeppe (MPEPE) is…

Ethereum (ETH) investors are now focusing their attention on a promising new ICO: Mpeppe (MPEPE). Currently priced at just $0.00107, Mpeppe (MPEPE) has become a hot topic among Ethereum (ETH) enthusiasts and investors seeking the next big opportunity. Here’s why Ethereum (ETH) investors are flocking to this new ICO and what makes Mpeppe (MPEPE) a compelling addition to their portfolios. Ethereum (ETH) Investors See Value in MPEPE’s Low Entry Point With its current price at $0.00107, Mpeppe (MPEPE) presents a…

The cryptocurrency markets saw a strong recovery on Tuesday following a 30% correction that pushed Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other major cryptocurrencies to multi-month lows. However, as stock markets recovered, so did the cryptocurrency market. Japan’s stock market index rose by almost 11% in a significant boost to stock and crypto markets.  Markets suffered one of their worst selloffs in recent memory, reeling due to rising tensions in the Middle East and fears of a US recession.…

The post ETFs Halted Excessive Price Drain: Will Ethereum (ETH) Bounce Back to $3000 This Week? appeared first on Coinpedia Fintech News The crypto markets appear to have recovered from the recent losses as the global market capitalisation soared back above $2 trillion in the early trading hours. Meanwhile, the Ethereum price reclaimed $2500 as Bitcoin surged back above $57,000. The top two tokens appear to be approaching the major resistance and, if achieved, are believed to have risen above…

Ethereum price started a recovery wave above the $2,350 resistance zone. ETH could gain bullish momentum if it clears the $2,680 resistance zone. Ethereum started a recovery wave above the $2,350 and $2,420 levels. The price is trading below $2,640 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,440 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise steadily if it clears the $2,680 resistance zone.…

The post Buy or Sell Signal? Ethereum Whales Purchase $340 mln of ETH appeared first on Coinpedia Fintech News Amid the recent market crash, some investors sold off their holdings to safeguard their capital while others have grabbed this opportunity. Today, on August 6, 2024, Lookonchain an on-chain analytic firm noticed that six whales have purchased a significant 147,605 Ethereum (ETH) worth $340 million during the market crash. Whales buy $340 million worth of Ethereum  Since August 5, 2024, there…