Despite Ethereum’s recent struggles, experts believe it’s poised for a breakout. The $7,500 Prediction Based on historical data and market patterns, experts predict Ethereum could reach $7,500. This prediction is supported by the emergence of a Fibonacci extension level similar to the one seen in early 2021, which signaled a major rise for Ethereum. Bullish…
Ethereum’s Long-Term Potential Crypto trader Duncan believes Ethereum (ETH) has significant long-term potential, even after its recent decline below $3,400. He cites the upcoming Spot Ethereum ETFs as a potential catalyst for a major rally. Spot Ethereum ETFs: A Game-Changer Duncan believes the Spot Ethereum ETFs will be a huge success due to: Asset managers…
Crypto trader Michaël van de Poppe predicts a rally in Covalent (CQT), a low-cap artificial intelligence (AI) token. Van de Poppe believes CQT is poised for a significant surge due to recent updates. Bitcoin and Ethereum Outlook Regarding Bitcoin (BTC), Van de Poppe cautions that it may experience a slight dip before resuming its upward…
Realized Losses VanEck’s Head of Digital Assets, Matthew Sigel, highlights realized losses by short-term holders as a bullish indicator. These losses represent the difference between the buying and selling prices of BTC holders. A high level of realized losses, such as the recent $500 million, suggests that short-term traders are selling at a loss, indicating…
Glassnode co-founders believe Ethereum (ETH) could skyrocket by 120% from its current level. Historical Pattern They point to a similar pattern in early 2021, where ETH rallied significantly. Based on this, they predict a target price of around $7,500, which would mirror the Fibonacci extension seen in 2021. Relative Strength Ethereum is currently showing relative…
A well-known cryptocurrency analyst, DonAlt, has issued a warning about Bitcoin (BTC). He believes that BTC is at risk of falling below a crucial support level of $60,000. Key Points If the $60,000-$73,800 range breaks down, Bitcoin could experience a prolonged downturn of at least 120 days. In the worst-case scenario, BTC could drop to…
Reduced Miner Selling CryptoQuant analyst Crypto Dan has observed a decline in miners selling Bitcoin. Miners have been major sellers in recent months, contributing to the market downturn. However, the recent reduction in selling pressure suggests a potential shift. Market Absorption The market appears to be absorbing the miners’ sell-off. The volume and frequency of…
Litecoin has made a comeback after hitting a low of $70 in June. This resurgence is largely due to the surge in Ordinal inscriptions. Ordinals on Litecoin As of June 27, over 25 million Ordinals have been inscribed on Litecoin’s network. Notably, 1.5 million were added in just two weeks. Low Transaction Fees Unlike Bitcoin…
The Supreme Court has delivered a major blow to federal agencies’ ability to make laws. This ruling has significant implications for the crypto industry, potentially weakening the SEC’s regulatory authority. Benefits for the Crypto Industry The Court’s decision overturns a precedent that allowed agencies like the SEC to interpret ambiguous laws through rulemaking. This means…
Reasons for Filing VanEck’s head of research, Matthew Sigel, has outlined the reasons for filing for a Spot Solana Exchange Traded Fund (ETF): Solana (SOL) is a major competitor to Ethereum, the world’s largest altcoin. SOL’s unique technological architecture allows for high scalability and speed, processing thousands of transactions per second. Solana’s blockchain network handles…
