Ethereum

Ethereum, the second largest crypto by market cap, is trading at $2,420 after a recent price rally. Ethereum has been up by 3.4% and 6.3% in the past 24 hours and seven days, respectively, which has raised hopes for an extended bullish run. As the price performance continues to unfold, some major developments are taking root, which could pave the way for Ethereum’s price to rally back above the $4,000 mark. Stablecoin Transaction Volume Hits New High Despite the bearish…

The Ethereum price has been one of the major talking points in the crypto space lately, having been under significant bearish pressure in recent weeks. However, the second-largest cryptocurrency seems to be on a recovery path following its first positive weekly performance in more than a month. Recent on-chain data shows that significant amounts of ETH tokens have made their way to centralized exchanges in the past day. The question now is — could this hamper the recent progress shown…

The post Ethereum Surges 2%, But ETFs See $20M Outflow – What’s Next for ETH? appeared first on Coinpedia Fintech News Ethereum (ETH) has risen by 2%, now trading at $2,368 in the past 24 hours. However, Ethereum exchange-traded funds (ETFs) continue to struggle, seeing another day of outflows totaling $20.14 million.  With a history of weak third-quarter performance, could this signal trouble ahead for ETH, or is a breakout on the horizon? Ethereum ETFs Face Massive Outflows According to…

Ethereum appears to have now seen a notable shift in its major metric. Particularly, a recent CryptoQuant analyst, Burak Kesmeci report, highlighted the potential significance of Ethereum’s current funding rates. The analyst pointed out that similar patterns in the past have been followed by substantial price increases, suggesting that Ethereum might be on the verge of a new surge. Calm Before The Storm? Funding rates are a key future market metric, indicating the balance between long and short positions. When…

Ethereum (ETH) whale investor who developed a $4M Shiba Inu (SHIB) investment portfolio from a $15,000 investment amount in 2021 forecasted his view that Rexas Finance (RXS), a Real World Asset (RWA) tokenization altcoin, has the potential for the same success. Shiba Inu (SHIB) Price Surge History Shiba Inu (SHIB) is an Ethereum-based meme project that has become one of the most popular projects in the crypto space. Moreover, the SHIB token is accepted as a form of payment all…

The post Bitcoin ETFs Rebound with $39M Inflow, Ethereum ETFs See $20M Outflow appeared first on Coinpedia Fintech News On September 12th, the US spot Bitcoin and Ethereum ETFs delivered polarizing results. Bitcoin Spot ETFs recorded a positive net flow of $39M, reflecting a minor recovery run after a long streak of outflows. However, no ETFs could surpass the barrier of $20M in inflows. In contrast, Ethereum ETFs faced a second consecutive day of losses. The biggest altcoin ETFs had…

Ethereum price is holding gains above the $2,300 level. ETH could gain bullish momentum if it clears the $2,380 resistance zone. Ethereum is showing positive signs but facing hurdles near $2,400. The price is trading above $2,320 and the 100-hourly Simple Moving Average. There is a key contracting triangle forming with resistance at $2,365 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,400 resistance to continue higher in the near term. Ethereum Price…

Starknet (STRK), a Layer-2 scaling solution on Ethereum (ETH), is currently experiencing a bearish trend, which has prompted many Ethereum (ETH) investors to look elsewhere for potential gains. One project that has caught their eye is Mpeppe (MPEPE), a new casino coin that promises significant returns, attracting attention amidst the downturn in Starknet. Starknet’s (STRK) Recent Performance Starknet (STRK) saw a 3% drop recently, despite a broader upswing in the cryptocurrency market. Bitcoin surged past $57,000, and many altcoins followed…

As the crypto world continues to evolve, investors are constantly on the lookout for the next big thing that promises significant returns. Recently, Mpeppe (MPEPE), a meme-based token with a twist, has captured the attention of Ethereum (ETH) and Starknet (STRK) whales, sparking interest with its innovative platform and impressive performance in a challenging market. With experts predicting potential 150x profits, it’s no wonder these major players are diving into Mpeppe as a lucrative investment opportunity. Mpeppe’s Meteoric Rise: More…