Ethereum

Following a period of consolidation near critical support marks defined by the 0.5 and 0.618 Fibonacci retracement levels, alongside the 100-day MA, Ethereum witnessed a modest bullish rebound. However, it still contends with a notable resistance range, the breach of which holds potential for a renewed bullish momentum. Technical Analysis By Shayan The Daily Chart Upon examining the daily chart, it becomes apparent that Ethereum’s extended consolidation phase is near pivotal support levels. These points, marked by the 0.5 ($3139)…

Cryptocurrency markets have always been a hotbed of speculation and innovation, with investors constantly on the lookout for the next big thing. In recent years, Bitcoin has dominated headlines with its meteoric rise, but savvy investors understand that the real potential lies in identifying promising altcoins early on.  One such altcoin that has caught the attention of seasoned analysts is Hump Token (HUMP), which is emerging as a strong competitor to Ethereum (ETH). With its current price below $0.03, some…

The MAOCAT team recently launched the presale phase for their cat-based memecoin, a total debut on the Ethereum blockchain. Feline crypto enthusiasts now have a golden opportunity to join this cool new project.  After years of dog-themed memes market domination, MAOCAT wants to shake things up and give cats the spotlight they deserve. Becoming a proud MAOCAT holder is as easy as connecting a hot wallet and purchasing tokens on the presale page.  A Golden Opportunity for Feline Crypto Fans…

Ethereum price struggled to recover above $3,350 and corrected gains. ETH is consolidating near $3,200 and facing many hurdles. Ethereum started another decline and tested the $3,120 zone. The price is trading below $3,220 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with support at $3,170 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below the $3,170 support. Ethereum Price Faces Uphill Task…

Hong Kong is open for business as its bourse now includes spot Bitcoin and the world’s first spot Ethereum ETFs, which went live at 09.30 local time. According to the HKEX website, Asia’s first spot crypto asset ETFs are “trading now” with 14 new funds listed. Three ETF issuers have listed products – China Asset Management, Bosera Asset Management, and Harvest Global Investments under the tickers CAM, BOS, and HGI, respectively. Asia Leading The Way Brian Roberts, head of equities…

Outflows in digital asset investment products continued for the third week in a row. The latest weekly outflow of $435 million marked the highest outflow since March. According to the latest report by CoinShares, the trading volumes in Exchange-Traded Products (ETPs) dropped to $11.8 billion last week from $18 billion the previous week, with Bitcoin prices declining by 6%. Bitcoin and Ethereum Lead Digital Asset Outflows The latest edition of CoinShares’ Digital Asset Fund Flows revealed that outflows were concentrated…

X, led by Elon Musk, plans to integrate financial services, sparking speculation about crypto adoption. With licenses in 25 U.S. states, X might allow seamless crypto transactions within its platform. Twitter, now rebranded as X, has stirred speculation regarding its potential integration of cryptocurrencies, including Bitcoin, Ethereum, and Dogecoin. Under the stewardship of Tesla billionaire Elon Musk, the social media platform has obtained money-transmitting licenses in 25 U.S. states, igniting rumors of a significant shift toward financial services integration. Christopher…

The second-largest crypto token by market cap, Ethereum (ETH), finally showed some form of life as it rose to $3,300 over the weekend. This move is believed to be the beginning of a trend reversal for the crypto token, which has several bullish signals on its chart.  Ethereum Has A Bullish Chart Crypto analyst Derek revealed in an X (formerly Twitter) post that the signals on Ethereum’s Moving Average Convergence/Divergence (MACD) indicator “seem to have ended the decline and changed…

The post Analyzing Ethereum (ETH)’s Surge: The Ripple Effect on Shiba Inu (SHIB) and Furrever Token (FURR) appeared first on Coinpedia Fintech News As Ethereum (ETH) ignites a remarkable 5% surge, the crypto world eagerly anticipates its ripple effect on Shiba Inu (SHIB) and the vibrant Furrever Token (FURR). This surge in ETH’s price signals potential shifts in sentiment and market dynamics, prompting investors to speculate on the ensuing impact on both SHIB and the charming FURR. With each token…