Ethereum

Ethereum price is gaining pace above the $3,120 resistance zone. ETH could continue to move up unless there is a daily close below the $3,030 level. Ethereum extended its increase above the $3,150 resistance zone. The price is trading above $3,150 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,160 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up unless the bears push…

Data shows the Ethereum Open Interest has been trading at relatively low levels recently. Here’s what this could mean for the asset’s price. Ethereum Open Interest Has Been Moving Sideways Since Its Plunge As explained by an analyst in a CryptoQuant Quicktake post, the ETH Open Interest has followed a similar trajectory as the price of the cryptocurrency recently. The “Open Interest” here refers to the total number of derivative-related contracts open for Ethereum on all exchanges. When the value…

The post Furrever Token Presale ROI Surge Triggers Ethereum, Shiba Inu, and Dogecoin Investor Interest appeared first on Coinpedia Fintech News In the vibrant world of cryptocurrencies, each token tells its own unique story through market movements and trading activities. Today, we delve into the updates of four distinct cryptocurrencies: Shiba Inu (SHIB), Ethereum (ETH), Dogecoin (DOGE), and Furrever Token (FURR). Each of these tokens has shown significant activities or faced regulatory milestones that shape their market position and future…

Reports show that a new Ethereum (ETH) whale has been on a buying spree recently. This whale bought over $405 million worth of ETH since March 31 and is suspected to be Tron founder Justin Sun. Sun is also linked to another address that made massive ETH moves this year. A New Whale On The Horizon, Is It Justin Sun? The blockchain research platform Lookonchain revealed that a whale has gone on an Ethereum buying frenzy over the past few…

The post Ethereum (ETH) Up 3.66%, Solana (SOL) Navigates $796M Loss, Furrever Token (FURR) Targets $1.9M Amid Rising Interest appeared first on Coinpedia Fintech News The dynamic landscape of the cryptocurrency market is consistently shaped by notable events and trends across various tokens. This overview highlights the recent activities and significant changes concerning four specific cryptocurrencies: Ethereum (ETH), Solana (SOL), and Furrever Token (FURR). Each of these tokens has experienced unique developments—from Ethereum’s price increase due to an ancient wallet’s…

The crypto market has been plagued with increased volatility lately, with the second largest crypto token by market cap, Ethereum (ETH), not exempt. This has made it harder to determine Ethereum’s future trajectory. However, certain metrics indicate what direction ETH’s price could head in when this volatility subsides.  Ethereum Investors Are Bullish Data from Coinglass shows that most Ethereum investors and traders are still bullish on the crypto token despite recent fluctuating prices. Specifically, most of these traders have continued…

Ethereum Spot Exchange-Traded Funds (ETFs) approval odds continue to witness notable pessimism as the cryptocurrency space awaits the United States Securities and Exchange Commission’s (SEC) decision on the products scheduled for May. The expectation surrounding the SEC’s decision highlights how important ETF approval is in terms of giving conventional investors more convenient access to Ethereum’s spot market. Presently, data from Polymarket, the world’s largest prediction market, shows that ETH ETF approval odds have fallen to a mere 11%. Pessimism Deepens…

Ethereum (ETH) and Solana (SOL) are switching places in trying to recover a higher price tier. Both tokens serve as key infrastructure for decentralized applications. For now, trading is bound in a range, where Ethereum (ETH) is yet to recover $4,000 and Solana (SOL) is still away from the $200 mark. At a time when even top tokens fail to deliver, Kelexo (KLXO) is running its promising presale with a deep discount and a chance to enter a blue chip…

Data from IntoTheBlock revealed that investors withdrew approximately half a billion ETH from centralized exchanges last week, the highest the asset has seen since February. $500M ETH Leaves CEXs The withdrawal of large amounts of ETH from centralized exchanges signals investor confidence in the long-term price trajectory of the asset. Market participants usually withdraw their cryptocurrencies from centralized trading platforms to hold the assets in their private wallets or cold storage in anticipation of higher prices. Such large withdrawals have…