Crypto analyst and trader Tyler Durden has recently expressed his bullish sentiment towards Ethereum (ETH). In a post on X (formerly Twitter), Durden emphasized that Ethereum reaching $10,000 is the “most asymmetric bet” in the cryptocurrency market today. He suggested that it is better for traders to go with the tide and bet on ETH,
Ethereum
Crypto analyst Jelle has recently made a bold projection regarding Ethereum’s price, forecasting it to surge to $5,000 by the end of the year. This optimistic outlook comes at a time when Ethereum has been stabilizing above the $3,500 mark, following a correction from its peak in March. Jelle’s analysis points to a pivotal moment
The Ethereum Foundation has once again made headlines due to a substantial transaction involving millions of Ethereum (ETH) tokens. Crypto journalist Colin Wu recently disclosed on social media that a wallet linked to the Ethereum Foundation moved 18,089 ETH (equivalent to $64.4 million) to a new address. Despite the transfer, the new address has yet
The discussion surrounding the imminent launch of Spot Ethereum ETFs has been gaining momentum, with Bloomberg analysts Eric Balchunas and James Seyffart providing updates on the potential trading start date. Balchunas recently shared on social media that the anticipated launch date for the ETFs has been moved to July 2nd. This update comes after the
Despite Ethereum facing significant selling pressure and a 15% drop from March 2024, on-chain data indicates a positive outlook for the cryptocurrency. Analyzing the recent activity on the X platform, it is shown that there has been a noticeable surge in demand for ETH, particularly from long-term institutional holders. These permanent holders, who are typically
Ethereum has recently experienced a significant increase in withdrawals from centralized exchanges, indicating that crypto whales may be anticipating a potential recovery in price. The amount of ETH held on these exchanges has dropped to its lowest level since 2016, raising speculation among investors. According to data from crypto analyst Ash Crypto, there has been
Ethereum price recently faced resistance at the $3,720 level, leading to another decline in price. The current situation has put ETH at risk of further losses below the $3,550 support zone. This resistance level has proven to be a significant challenge for Ethereum in terms of price movement. The hourly MACD for ETH/USD is showing
In response to the recent price spike that almost brought Ethereum (ETH) to the $4,000 mark, the second-largest cryptocurrency has seen renewed market enthusiasm and inflows. This surge was triggered by the US Securities and Exchange Commission’s (SEC) approval of Ethereum ETF applications from major asset managers. According to a report by CoinShares, digital asset
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently experienced a significant price movement as it fell below the 4-hour Simple Moving Average (SMA). This shift in price has caught the attention of traders and investors, signaling a potential change in market sentiment from bullish to bearish. While technical analysis is crucial in understanding
Recently, Ethereum experienced a downside correction from the $3,885 resistance zone, causing the price to drop below $3,800. This correction was initiated after the cryptocurrency failed to clear the $3,880 resistance level. As a result, Ethereum is now trading below $3,840 and the 100-hourly Simple Moving Average. Additionally, a key bullish trend line with support
