Strong Uptrend and Key Support Levels Ethereum (ETH) has been on a steady upward climb, with its price hovering around $3,743. It has surpassed its moving averages, indicating bullish momentum. Traders eagerly anticipate the breach of the $3,500 mark, a potential milestone towards the coveted $4,000 price tag. The 50-day moving average ($2,700) and 100-day…
Analyst Predictions Crypto analyst Altcoin Sherpa believes Ethereum (ETH) could soar to $4,000. Bitcoin Ape’s technical analysis also supports this prediction, indicating a strong bullish trend for ETH. Ethereum’s Bullish Momentum ETH has broken through several resistance levels in February, including the recent $3,130 mark. This suggests a sustained bullish momentum. Independent of Bitcoin’s Success…
Institutional investors are shifting their focus to Ethereum (ETH) over Bitcoin (BTC), showing a preference for the second-largest cryptocurrency. Institutional Interest in Ethereum Bybit’s research report reveals that institutions are allocating more funds to ETH compared to BTC. The rise in interest began in September 2023, with ETH trading around $2,000. Ethereum became the single…
Ethereum Whales Show Confidence in Long-Term Investment Ethereum whales have withdrawn a significant amount of ETH from exchanges, signaling confidence in the asset’s long-term value. A notable whale, labeled 0x8B94, withdrew 14,632 ETH (approximately $45.5 million) from Binance and staked it within six days. Two fresh whale wallets transferred 6,000 ETH (amounting to $18.7 million)…
Ethereum has surged ahead of Bitcoin in recent weeks, reaching a peak of $3,130, its highest level since April 2022. While Bitcoin has been consolidating, Ethereum has been on a bullish run, jumping over 7% in the past week. Positive Funding Rates Indicate Bullish Sentiment The ETH funding rate, which tracks fees exchanged between traders…
PANDORA, the first token to use the Ethereum ERC-404 token standard, recently experienced a significant price surge, rising around 50% to clear $24,000. Several factors contributed to this rally. Whale Activity Significant whale activity was observed in the days leading up to the price surge. On February 20, a whale spent $4.89 million to purchase…
Bitcoin and Ethereum: A Valuable Insight Crypto analyst Rager recently shared valuable insights for Bitcoin and Ethereum investors ahead of the upcoming bull run. He believes that the best time to invest in these two crypto tokens is around the Bitcoin Halving. Rager predicts a “nice dip” between now and May, presenting an ideal opportunity…
A Series of Large Purchases The cryptocurrency community is buzzing about a series of large Ethereum (ETH) purchases linked to a wallet potentially belonging to Justin Sun, founder of the TRON blockchain and CEO of BitTorrent. According to blockchain analytics firm Lookonchain, the suspected wallet recently acquired another 13,780 ETH, valued at approximately $41.24 million….
After a prolonged period of weakness against Bitcoin, Ethereum is showing signs of strength and could be poised for a significant move. Key Findings: Ethereum/BTC Chart Pattern: Raoul Pal, a renowned financial expert, highlights a compelling dual-chart pattern in the ETH/BTC trading pair. The formation of a “mega wedge” and an inner descending channel sets…
Key Takeaways: Ethereum’s price has surged over 30% in 2024, showing investor confidence. Over 800,000 ETH ($2.4 billion) has flowed out of cryptocurrency exchanges since the start of the year. The decrease in ETH’s exchange reserve balance could be a bullish catalyst for its price. Grayscale attributes Ethereum’s positive performance to the upcoming Dencun upgrade….
