Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Ethereum
Xlink Shuts Down After $10 Million Hack on Ethereum and BNB Endpoints
The post Xlink Shuts Down After $10 Million Hack on Ethereum and BNB Endpoints appeared first on Coinpedia Fintech News Xlink, a Bitcoin blockchain bridge, shut down on May 15 after suffering a $10 million hack. The security breach involved its Ethereum and BNB Smart Chain (BSC) endpoints. Xlink quickly reacted to the attack by temporarily suspending its operations. The attacker exploited compromised private keys via a phishing scheme and withdrew $4.3 million without authorization. However, a white hat soon…
1 year ago
Expert Sets Timeline For When Ethereum Price Will Begin Rally To $10,000
A crypto analyst has made a daring prediction for Ethereum (ETH), setting the timeline for when the world’s second-largest cryptocurrency would embark on a significant rally to new all-time highs above $10,000. Here’s When Ethereum Will Reach $10,000 A crypto analyst identified as ‘Yoddha,’ on X (formerly Twitter) has announced the timeline for Ethereum’s ascent above $10,000. According to Yoddha, Ethereum is expected to rally massively after a period of accumulation and decline, continuously rising above $10,000 by the end…
1 year ago
The Next Big Rally: Ethereum and Other Altcoins to Watch
With the bull run of 2024 underway, the buzz surrounding Ethereum and similar coins is escalating. This article zooms in on the potential leaders of this upsurge, focusing on the technologies and trends propelling the momentum in the market. As the enthusiasm builds, it offers insight into which cryptocurrencies might emerge as frontrunners, aiming to equip readers with the information to navigate the current market fervor. Explore the thrilling surge and discover which coins could take the lead in the…
1 year ago
Ethereum Price Undergoes Technical Correction: Market Adjusts After Recent Increase
Ethereum price tested the $3,040 zone and corrected gains. ETH is now testing the $2,925 support and might aim for a fresh increase. Ethereum started a downside correction after the bears defended $3,040. The price is trading below $2,960 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,965 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close below…
1 year ago
ETH Bullish Outlook: SEC’s Struggles to Block Ethereum Spot ETFs, Fuels Confidence in $5,000 Breakthrough
Ethereum (ETH) is experiencing a potential short-term bullish trend as it breaks away from a recent period of sideways movement. Opinions among industry experts are divided, with skepticism from Nate Geraci regarding the SEC’s ability to reject spot ETH ETF applications. Ethereum (ETH) is poised for a potential short-term bullish surge on Wednesday, breaking free from a five-day period of horizontal movement. Recent discussions in the crypto sphere have been ignited by a decline in revenue on the ETH Mainnet…
1 year ago
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EthereumEthereum Bulls To Take Over After Symmetrical Triangle Break
The post Ethereum Bulls To Take Over After Symmetrical Triangle Break appeared first on Coinpedia Fintech News Ethereum(ETH) since the last bull trend in March 2024 is down nearly 30% and has been struggling to settle above its supreme mark of $3000 since May 2024. Well, the bulls have been slightly merciful and ETH has regained the region and currently trading in a range of $2980 to $3041. The recent 24-hour surge of 3.17% is considered to be the uplift…
1 year ago
Whale Watch: Ethereum Fresh Buy Signal Sparks Speculation
The Ethereum market has been a whirlwind of activity in recent days. After a brutal price correction last week, the world’s second-largest cryptocurrency by market capitalization has staged a mini-rebound, leaving investors wondering if this is the start of a sustained bull run or a fleeting flicker before another dip. Ethereum Rallies, But Questions Linger Ethereum (ETH) surged 3.7% in the last 24 hours, buoyed by a general uptick in the crypto market. This positive movement comes after a significant…
1 year ago
This New Ethereum Memecoin Is Set To Challenge Solana Memecoins
Memecoins are taking the Web3 space by storm, as dogwifhat (WIF) is up 201,805.2% in the past five months, while Bonk (BONK) spiked 5,441.6% within a single year. While both of theseSoalna-based meme coins are showcasing significant price growth, a new challenger has approached them, the Ethereum-based KangaMoon (KANG) crypto, which is up 400% even during its presale period. To see which crypto can climb the most, we will go over their on-chart metrics individually. By the end, we will…
1 year ago
Ethereum Price Recovery Trails Behind Bitcoin’s Surge in Crypto Rebound
Ethereum price recovered above the $2,920 resistance. ETH is trailing Bitcoin and might struggle to continue higher above the $3,050 resistance. Ethereum started a recovery wave and even climbed above $3,000. The price is trading above $2,950 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,900 on the hourly chart of ETH/USD (data feed via Kraken). The pair could now struggle to clear the $3,040 and $3,050 resistance levels.…
1 year ago