Ethereum has been struggling lately, mirroring the overall crypto market downturn. But a closer look reveals a potentially positive signal: record low outflows from derivative exchanges. Record Low Ethereum Outflows CryptoQuant analyst Amr Taha noticed something interesting: Ethereum netflows on derivative exchanges recently dipped below -300,000 ETH for the first time since August 2023. This…
Could Ethereum’s price plummet? One analyst thinks so. Ethereum’s Ascending Channel A chart analyst, Ali Martinez, recently pointed out an interesting pattern on Ethereum’s 12-hour price chart: an ascending parallel channel. Think of it as two upward-sloping parallel lines that the price has been bouncing between for a while. The bottom line acts as support…
Ethereum had a wild ride last Monday – a 30% drop in a single day! Market panic, fueled by trade war worries, was to blame. But things turned around quickly after some positive news on trade talks, sparking renewed hope among investors. A Long-Term Bullish Outlook Despite the recent volatility, a leading analyst, Jelle, points…
Crypto analyst Benjamin Cowen is predicting further trouble for Ethereum (ETH) against Bitcoin (BTC). He believes the current downward trend could continue. The Fed’s Influence Cowen, who boasts a massive YouTube following, points to the US Federal Reserve’s monetary policy as the key factor. He argues that as long as the Fed continues its restrictive…
Ripple’s XRP Ledger experienced a one-hour outage on Tuesday, but it’s back online now. Ripple’s CTO, David Schwartz, shed some light on the situation, though the exact cause is still under investigation. Network Drift: A Preliminary Explanation Schwartz explained that the network may have suffered from a “drifting apart” issue. While consensus mechanisms seemed to…
A popular crypto analyst is predicting a potential Bitcoin (BTC) price drop. He’s warning that if a key support level breaks, BTC could plummet. Bitcoin’s Critical Support Level Ali Martinez, who boasts a large following on X (formerly Twitter), says Bitcoin needs to hold above $92,180. If it falls below this level, he believes it…
A new analysis suggests Bitcoin’s creator, the mysterious Satoshi Nakamoto, might still hold a massive fortune in Bitcoin. Billions in Bitcoin Crypto data platform Arkham Intelligence claims Satoshi possesses around 1.096 million Bitcoin, currently worth over $107 billion. This staggering amount is based on identifying around 22,000 Bitcoin addresses likely belonging to Satoshi using a…
Arthur Hayes, a crypto entrepreneur and former BitMEX CEO, isn’t happy about the idea of a US Bitcoin Strategic Reserve (BSR). In a recent essay, he calls it a terrible idea that will cause major problems within two years. A Political Weapon, Not a Sound Investment Hayes argues that a BSR would be driven by…
Bitcoin has been surprisingly stable lately, even with some recent market dips. Analysts are watching closely to see what happens next. Relatively Calm After the Storm Bitcoin’s price has stayed near the crucial $100,000 mark despite several significant drops. After hitting a high of over $108,000 in mid-December, it experienced several pullbacks: A 14% drop…
Ethereum’s price has been a bit wobbly lately, failing to break past $3,000. While there’s some bearish sentiment floating around, analysts remain optimistic about its long-term potential. Is a Bull Run on the Horizon? Despite recent dips, expert Ether Naysonal sees Ethereum’s overall trend as still bullish. Key support levels are holding steady, suggesting resilience….
