Ethereum

The post Ancient Ethereum Whale Moves $32 Million ETH To Kraken appeared first on Coinpedia Fintech News An ancient ETH whale has transferred 8,518 ETH worth $32.51 million to the address of a Major US exchange, Kraken. During the ICO, the holder received 100,000 ETH when the price of the main altcoin was $0.311 and sold it after a year. He then stopped and resumed activity three months ago, transferring 29,519 ETH to the address we know today. Since the…

The post Ethereum, Solana, and XRP Witness Huge Institutional Inflows appeared first on Coinpedia Fintech News The crypto asset investment products witnessed a $185 million inflow last week, taking the total inflow in May to more than $2 billion. There was also the highest BTC inflow of $148M recorded due to spot BTC ETF. Ethereum saw a positive buying for the second week of $33.5 million due to the spot ETH ETF approval. The ETH investment triggered a $5.8 million…

The post Ethereum Consolidating Before a Big Move: Is It Preparing for a Move Above $4100? appeared first on Coinpedia Fintech News Ethereum had broken the resistance of the consolidation pattern amid news related to the approval of the spot ETH ETF. The reaction of the ETH price along with the entire crypto space was extremely premature, as the markets began to consolidate. Many believed that the news may lift the price above $4000, but before marking these levels, the…

The crypto world expects the value of Ethereum (ETH) to surpass $4000 following the SEC’s approval of Ethereum ETF, and this expectation hinges on the fact that the approval will bring massive exposure and more mainstreamness to ETH. But it’s not just ETH that is on investors’ radar. Two underdogs, Algotech and Notcoin are equally getting the attention for the right reasons. With Algotech's successful presale and Notcoin’s massive price rally, the underdogs are proving that they can compete for…

The recently approved Ethereum ETFs are soon going to be listed for trading which is likely to spur up the markets even more. As such, top market expert Lark Davis has set a bigger price target for ETH, suggesting that the leading altcoin will outperform Bitcoin in the next leg of this bull run. Meanwhile, other market experts have identified top altcoins that are set to yield bigger gains. The analyst pseudonymously known as Bluntz has said that Floki is…

The post Whale Withdrawal Signals Ethereum Surge: $5,000 Target in Sight? appeared first on Coinpedia Fintech News A smart whale just withdrew 7,000 $ETH (worth $26.7 million) from Binance, now holding a massive 36,785 $ETH ($140 million). With a profit of around $76 million, this move reflects strong bullish sentiment. Ethereum saw a 25% price jump in May and is poised to surpass $4,000, with sights set on the $5,000 mark. Large withdrawals like this often signal confidence in further…

The winds of change are blowing through the Ethereum ecosystem. Since the long-awaited approval of spot Ether ETFs in the US on May 23rd, a quiet exodus of Ether has been underway. A massive amount of the world’s second-largest cryptocurrency, or around $3 billion, has vanished from centralized exchanges, marking the lowest level of Ether reserves in years. This flight of the digital asset has analysts buzzing with the possibility of a supply squeeze, potentially propelling Ether to new heights.…

Ethereum price extended its decline and tested the $3,700 support. ETH is now consolidating and eyeing a fresh increase above $3,840. Ethereum extended its decline and tested the $3,700 zone. The price is trading near $3,800 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $3,760 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close below the $3,700 support.…

Franklin Templeton, VanEck, and Invesco Galaxy have recently amended their S-1 forms with the SEC, marking a significant step towards launching spot Ethereum ETFs. Following the successful introduction of a spot Bitcoin ETF, these financial giants are poised to replicate their strategy for Ethereum.  Notably, Franklin Templeton disclosed a competitive sponsor fee of 0.19%, mirroring its charge for the existing Bitcoin ETF, which is set to be the lowest among its competitors starting in August.  Meanwhile, VanEck and Invesco Galaxy…