Ethereum

Ethereum price extended losses below the $3,320 support. ETH tested the $3,240 support and is now eyeing a decent increase above the $3,380 resistance. Ethereum extended losses and tested the $3,240 support zone. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,440 on the hourly chart of ETH/USD (data feed via Kraken). The pair could attempt a decent increase above the $3,380 and $3,400 resistance…

The post Ethereum Faces Over $80 Million in Liquidations as Whale Transactions Decline! What’s Next for ETH Prices? appeared first on Coinpedia Fintech News Today, the cryptocurrency market faced a lot of selling, causing the price of Bitcoin to fall sharply below important support levels and head toward a low of $59,000. This drop was triggered by an announcement from Mt. Gox about starting repayments, which led to fears of more selling. At the same time, the price of Ethereum…

Solana is the most common destination for assets from the Ethereum ecosystem, and with the ETFs looming, analysts predict that billions could be flowing into the SOL ecosystem. Market experts predict that Ethereum ETFs could attract at least half of BTC ETFs’ $60 billion assets, and a significant share of this would flow into Solana, halting further dips below $130. It has been the year of ETFs. Bitcoin spot ETFs launched in January and have accumulated over $60 billion in…

Ethereum is tracking lower when writing, sinking roughly 18% from March 2024 highs. Even though bears appear to be in control at spot rates, keeping the second most valuable coin below $3,700, confidence is high among analysts. ETH Futures Open Interest Rising On CME Taking to X, one of them noted that there are solid signs that institutions are positioning themselves to push prices higher. Citing rising open interest in Ethereum Futures at CME, a bourse, the analyst said it…

The post Tron Founder Justin Sun Accumulates $49M in Ethereum appeared first on Coinpedia Fintech News Tron founder Justin Sun has been significantly increasing his Ethereum holdings, likely in anticipation of the SEC approving Ethereum ETFs in July. According to spotchain, Sun’s wallet has recorded a total transfer of $16.07 million worth of ETH from Binance, and his recent acquisitions amount to $49 million at an average price of $3,494 per ETH. Additionally, Sun purchased over $1.1 billion in Ethereum…

Popular crypto analyst degentrading (@degentradingLSD) has made a bold prediction that Ethereum will reach $6,000 by September 2024. This prediction comes in response to an analysis by Mechanism Capital founder Andrew Kang, who expects Ethereum to underperform despite the imminent launch of US spot Ethereum ETFs. Andrew Kang’s analysis projects a continued downtrend for ETHBTC, with the ratio expected to range between 0.035 and 0.06 over the next year. In his detailed thread on X, Kang expressed skepticism about Ethereum’s…

The number of Ethereum (ETH) holders has been steadily increasing over the last month, despite bears being in charge of the market. Investors also share the same bullish sentiment for top crypto coins Ripple (XRP) and Angry Pepe Fork (APORK). Based on the improving sentiment of investors, these are the best altcoins to buy at the moment. Ethereum (ETH) Holders Grow In Number Despite Price Declines  Santiment has said in a recent report that the number of Ethereum (ETH) holders…

Ethereum price struggled to climb above the $3,550 resistance and trimmed gains. ETH gained bearish momentum alongside Bitcoin and tested the $3,385 zone. Ethereum is trimming gains from the $3,550 resistance zone. The price is trading below $3,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,465 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if it dips below the $3,385 and $3,350…

The post Bitcoin Loses Momentum Amid Market Downturn, But This Ethereum Token Is Far From Done appeared first on Coinpedia Fintech News Bitcoin (BTC) loses momentum as its price falls below the short-term holder’s realized price of $65,800. This could kickstart a wave of panic selling, leading to significant losses for Bitcoin (BTC) and other crypto assets. Amidst this market downturn, the popular Ethereum token ETFSwap (ETFS) defies market trends and provides investors, with an alternative avenue to yield substantial…