Ethereum

The post Ethereum Faces Rejection As Bulls Liquidate $3.5 Million In Positions! Is ETH Price Set For A Correction? appeared first on Coinpedia Fintech News
In the past several hours, Bitcoin and Ethereum experienced a downturn following their recent highs at approximately $42,000 and $2,300. Analysis of on-chain data indicates that short-term investors are taking this chance to sell their holdings and exit the market with gains. Despite this, strengthening support levels suggest that Ethereum’s price is poised for a …

Ethereum Faces Rejection As Bulls Liquidate $3.5 Million In Positions! Is ETH Price Set For A Correction?

Cardano (ADA) has recently caught the attention of large-scale investors, also known as ‘whales.’ Crypto analyst Ali, leveraging on-chain data, has observed a significant uptick in large ADA transactions, typically over $100,000, in the past three months. Ali noted that this growing trend suggests a heightened interest from institutional players and high-net-worth individuals in ADA. The analyst further disclosed that such whale activities have often been precursors of imminent price movements. #Cardano | In the last three months, there’s been a significant increase in $ADA transactions over $100,000, reaching new highs consistently. This surge points to growing interest in #ADA from institutional players and whales, which is usually a precursor to price spikes. pic.twitter.com/APczM2PGxM — Ali (@ali_charts) December 4, 2023 Notably, while transactions can significantly impact a crypto’s market dynamics, when whales accumulate an asset, it often reduces circulating supply, creating potential upward pressure on prices. Conversely, when they sell, it can result in a sudden increase in supply, leading to price drops. In ADA’s case, the recent whale activities have coincided with a positive price trajectory. ADA Bullish Trajectory And Market Outlook ADA’s market performance has mirrored the growing whale interest. In the last 24 hours alone, the crypto asset has experienced a 2.2% increase, and over 5% in the past week. Although ADA has seen some retracement from its recently achieved peak above the $0.41 mark, it currently maintains a steady position in the $0.40 zone. This bullish trend is further supported by a surge in ADA’s trading volume, which has doubled from $250 million to over $500 million in a week. This increase in trading activity and price aligns with the predictions of another analyst, Dan Gambardello. Gambardello has identified bullish setups in Bitcoin, Ethereum, and ADA, projecting that ADA could climb to $0.45 in the short term, with a longer-term target of $0.80-$0.85. The analyst attributes his optimistic forecast to the growth and resilience of the Cardano ecosystem, even amid the recent broader market’s bearish trends. GROUNDBREAKING MOMENT: Bitcoin, Cardano, Ethereum Setup For BULL MARKET https://t.co/cPfZzIVCxh — Dan Gambardello (@cryptorecruitr) December 4, 2023 Recent data from DeFiLlama reveals a notable uptick in Cardano’s ecosystem, with its Total Value Locked (TVL) experiencing over 20% growth in the past month, currently standing at $275 million. Although this figure is below its March 2022 peak of over $300 million, the ecosystem’s approach toward this previous high point reflects its resilience, as indicated by Gambardello amid the recent bearish market sentiments. Cardano’s Ecosystem: A Catalyst For Future Growth? Gambardello’s enthusiasm for Cardano extends beyond its current market performance. The analyst believes that the Cardano ecosystem’s development during the bear cycle positions it for significant growth in the future. Gambardello predicts that Cardano could soon account for 1% of the total crypto market capitalization. Such a milestone would be a testament to the asset’s ecosystem robustness and innovation, potentially leading to ADA’s substantial rise in the next bull run. Notably, Gambardello isn’t the only analyst predicting a bullish future for ADA. In a recent post on X, Ali highlighted ADA’s presence in a crucial demand zone. The analyst pointed out that the price levels around $0.37 to $0.38 have seen substantial buying activity, with over 166,470 wallets acquiring ADA in this range. #Cardano sits at a key demand zone between $0.37 and $0.38. Here, 166,470 wallets acquired 4.88 billion $ADA. With minimal resistance ahead and solid support below, remaining above this zone could pave the way for $ADA to climb to new yearly highs. Still, watch out, as losing… pic.twitter.com/GDjhspFSVr — Ali (@ali_charts) November 27, 2023 Ali interprets this strong buying interest as an indication of a solid support level for ADA. According to his analysis, ADA is poised for an uptrend with little resistance ahead, potentially exceeding its yearly high of $0.4518. Related Reading: On The Brink Of Breakthrough? Analyst Foresees Cardano (ADA) Hitting New Annual Heights Despite ADA recently surpassing and seemingly respecting these key demand zones, its price has only reached a peak of $0.41 so far, not quite breaching the $0.45 mark. However, given the surge in whale activity and the bullish sentiment enveloping the global crypto market, reaching and possibly surpassing the yearly high remains a plausible outcome. Featured image from Unsplash, Chart from TradingView

ADA In The Spotlight: Heavyweight Investors Pile Into Cardano, What’s Next?

Solana vs Ethereum? Which is better?
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Ethereum Vs Solana - Which Will Make More Money?

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Raoul Pal: Ethereum vs. Solana – Who Will Win Social Media Revolution? #shorts #solana #ethereum

The post Cardano’s Profitable Addresses Reach Highest Level Since 2021! Will The ADA Price Go Long? appeared first on Coinpedia Fintech News
As Bitcoin and Ethereum maintain strong positions above $40,000 and $2,200 respectively, the momentum is spilling over to leading altcoins. In this positive market sentiment, Cardano’s price has successfully breached a key resistance level. Concurrently, various on-chain metrics are signaling an increasing bullish hope surrounding Cardano. Cardano’s Profitable Addresses Touch 2021’s High Coinglass data reveals …

Cardano’s Profitable Addresses Reach Highest Level Since 2021! Will The ADA Price Go Long?

Ethereum's (ETH) recent rally, driven by factors like staked ETH's value, deflation, and Grayscale's premium gap, raises $3,000 speculations.
The post Ethereum (ETH) Price Hits Yearly High – Is $3,000 Next? appeared first on BeInCrypto.

Ethereum (ETH) Price Hits Yearly High – Is $3,000 Next?

Investors seem content with the current performance of major cryptocurrencies led by prominent assets like Bitcoin and Ethereum. Other leading altcoins have not been sidelined, including tokens like Solana, Cardano, Chainlink, Avalanche, Polygon, and more. Ethereum price extended the rally from the previous week over the weekend, with a spillover on Monday rising 3.3% to $2,229. The 
The post Ethereum Price As Institutional Investors Drive ETH Rally, $3k Up Next? appeared first on CoinGape.

Ethereum Price As Institutional Investors Drive ETH Rally, $3k Up Next?

Beyond crypto trading, Itau Unibanco and other lenders are preparing for the launch of Brazil's CBDC.

Brazil’s Largest Bank Ventures into Bitcoin, Ethereum Trading: Report

Brazil's largest bank, Itau Unibanco, has launched Bitcoin and Ethereum trading services for its clients, with plans to expand to other cryptocurrencies in the future.
The post Brazilian Bank Launches Crypto Trading Services as Bitcoin Surges Past $42,000 appeared first on BeInCrypto.

Brazilian Bank Launches Crypto Trading Services as Bitcoin Surges Past $42,000

Dan Gambardello predicts a bullish trend for Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA) in the current cryptocurrency market. Crypto Analyst On The Bitcoin Rally Dan Gambardello took to his official X (formerly Twitter) handle to share his bullish about the three major cryptocurrencies. The analyst post was accompanied by a video where he explained why he is bullish on these three coins. According to the analyst, positive setups have appeared on the charts of all three cryptocurrencies. At the beginning of the video, Gambardello stated that he believes Bitcoin has a short-term upside target of about $42,000. Related Reading: Bitcoin Price Blasts Past $41,500: Here Are The Reasons But regardless of whether the market leader hits this threshold, he believes there might be a correction. His warning of a correction is due to the overbought territory the crypto asset has entered. Additionally, he revealed that the impending correction of BTC would resemble past price movements. He further asserted that the asset would make this adjustment a “common move.”  The analyst also discussed the potential for Bitcoin to consolidate near the $42,000 resistance level. According to the analyst, it would signal the beginning of a new phase for the market when it takes place. Gambardello also expressed his confidence about the next bull run, believing it to be imminent. He noted that the worst bearish trends for Bitcoin ended in January this year and have played out “quite well” ever since.  However, he asserted that crypto market consistency might not have played perfectly, but it has been pretty close to being “accurate” in terms of what the cycles have been doing. He stated: In this macro piece of data I charted in 2018, BTC was like $3,500 or so. And this was my approach to the macrocycles of crypto. And has it played out perfectly? it has not been perfect, but it has been extremely close to on point, in terms of what these cycles are doing. Dan Gambardello On Ethereum (ETH) And Cardano (ADA) Gambardallo believes that the Ethereum trend appears to be different from that of BTC. He highlighted an ascending triangle for the crypto asset, which could see ETH reaching about the $4,000 price mark. He also highlighted a critical resistance level for ETH, around $2,270, on its chart.  Related Reading: Here Are Four Crypto Assets Poised For A Major Price Explosion – Analyst So far, he believes ETH could surge to $3,000 if it can break above this level in the next few weeks. However, he further urges the cryptocurrency community to be prepared for a huge crash when this happens. For ADA, the analyst has highlighted an ascending triangle for the asset with quite a few resistance levels. He projected that if ADA breaks out in the coming days, the cryptocurrency would surge to $0.45. Also, his longer-term price stance for ADA is between the $0.80 and $0.85 range. Featured image by iStock, chart by Tradingview.com

Analyst Expects Bullish Trend For: Bitcoin, Ethereum, And Cardano

Amidst the recent surge in Ethereum’s price, an analysis posted on X shows the blockchain’s token supply has diversified in recent years, capturing increased projects and applications in its ecosystem. Indeed, the analysis posted by an X user @TrueWaveBreak showed that ETH staking continues to dominate the token’s supply. Per the post, liquid staking platform […]
The post Lido’s Liquid Staking Outshines CEXs, L2s in Ethereum Token Supply appeared first on Coin Edition.

Lido’s Liquid Staking Outshines CEXs, L2s in Ethereum Token Supply

Quick Take The year 2023 has marked a shift in the Ethereum to Bitcoin ratio. Despite Ethereum’s substantial dollar value growth of 88%, it has significantly underperformed compared to Bitcoin, being down by 25% against the lead digital asset. The ratio currently sits at a precarious 0.053, teetering near year-to-date lows. This trend invites speculation […]
The post Bitcoin primed to outpace Ethereum during bull market for first time next cycle appeared first on CryptoSlate.

Bitcoin primed to outpace Ethereum during bull market for first time next cycle

The Ethereum ecosystem is back on track with its mission to ensure that Ether is deflationary following a significant increase in the burn rate. Several factors are said to have contributed to this milestone, including voluntary exits by validators.  Over 106,000 ETH Burned In The Last 30 Days According to data from Ultra Sound Money, over 106,000 ETH have been burned in the last 30 days. In that same period, only just over 70,000 ETH have been issued. This has caused a significant decrease in Ethereum’s supply, with it being down by over 35,000 ETH.  Related Reading: The Big Move: Crypto Pundit Predicts When Bitcoin Will Reach A New ATH This is a welcome development, as the disparity between the burn and issuance rate hasn’t always been this obvious. That led to concerns as to whether ETH was truly deflationary or not. It also began to seem like the London Hard Fork wasn’t effective. Ahead of the Merge, Ethereum introduced this upgrade in its efforts to make ETH deflationary.  ETH investors are sure to be delighted with the fact that the token has once again become deflationary. Such development could propel ETH’s price to new heights. Moreover, it comes at a time when the market is preparing for an imminent bull run. As such, this macro factor, alongside other ones, places it at the forefront to be one of the biggest gainers.  ETH price recovers above $2,200 | Source: ETHUSD on Tradingview.com Factors That Have Contributed To The Ethereum Deflationary Status  A report by Glassnode provided insights as to why Ethereum is deflationary once again. One of them happens to be the fact that the number of validators onboarded has slowed in recent weeks. Instead, Ethereum has an increasing number of validators exiting the ecosystem. This development has ultimately caused ETH issuance to slow. This trend of exits notably began at the start of October. This seems to be when investors actually began to take full advantage of the Shanghai upgrade that had taken place in April. Before October, the exiting event is reported to have been at an average of 309 validators per day. That increased to 1018 validators per day at the start of October.  Related Reading: Bitcoin Miner Revenue Sees Massive 6-Month Crash – What’s Going On? Meanwhile, the burn rate during this period is said to have increased significantly due to the growing network activity. The increase in network usage has led to higher gas fees. The daily amount of transaction fees burned through the EIP1559 protocol has also increased as a result. The accumulated fees burned between October and November are reported to have reached 5,368 ETH.  Ethereum is flying high at the moment, and this could be partly due to its recently achieved status. At the time of writing, the crypto token is trading at around $2,240, up by over 3% in the last 24 hours, according to data from CoinMarketCap.  Featured image from CryptoTV, chart from Tradingview.com

Ethereum Turns Deflationary With Over 106,000 ETH Burned In A Single Month

As ethereum marks a significant price of $2,250, its movement within a 24-hour range of $2,151 to $2,271 reflects strong activity in the crypto market. With a substantial trade volume of $26.82 billion and a market capitalization of $269 billion, ether demonstrates its continued and dynamic presence in the digital currency landscape. Ethereum Ethereum’s current […]

Ethereum Technical Analysis: ETH’s Strong Averages Clash With Oscillator Signals

Mantle, partnered with Ethereum at its layer 2 and backed by a $2.3 billion treasury, has taken a significant step towards expanding its ecosystem with the launch of its new Liquid Staking Protocol (LSP). This innovative platform, launched just six months after the introduction of the Mantle Network, represents the second major product within the ... Read more

The Ethereum Layer-2 Project Mantle Releases New Liquid Staking Protocol

Juliano's dYdX switched from Ethereum to Cosmos in one of the year's biggest blockchain defections. The project has big plans for 2024.

Antonio Juliano: Uprooting a Successful Exchange to Explore the Cosmos

The post 7 Best Cryptocurrencies to Buy Now as Prices Pump appeared first on Coinpedia Fintech News
Cryptocurrency prices are rising again, presenting an array of potential buying opportunities for investors. Top cryptos like Bitcoin and Ethereum have seen impressive price jumps recently, bringing renewed hype to the crypto market. This article will analyze seven cryptos that appear especially well-positioned to benefit from the current bullish momentum. 1. Bitcoin ETF Token (BTCETF) …

7 Best Cryptocurrencies to Buy Now as Prices Pump

Uniswap, the first decentralized crypto exchange of its kind, was Adams' first and greatest contribution to Ethereum. The latest V4, inviting praise and criticism, earns him a spot on the Most Influential 2023.

Hayden Adams: From Ethereum Idealist to Business Realist at Uniswap

Mantle, the DAO-led web3 ecosystem, today unveiled its Mantle Liquid Staking Protocol (LSP) as a key addition to the Mantle Ecosystem, offering users a novel way to engage with Ethereum’s proof-of-stake (PoS) validator network, according to a statement shared with CryptoSlate. The Mantle LSP is a permissionless and non-custodial Ethereum (ETH) liquid staking protocol, functioning […]
The post Mantle introduces mETH liquid staking protocol, expanding its Ethereum-based DeFi ecosystem appeared first on CryptoSlate.

Mantle introduces mETH liquid staking protocol, expanding its Ethereum-based DeFi ecosystem

Mantle has recently unveiled its liquid staking protocol (LSP) on the Ethereum mainnet. This move comes after their successful deployment of a Layer 2 network. Mantle’s protocol introduces a non-custodial system allowing users to stake Ethereum (ETH) through validator nodes. In return, participants receive Mantle-staked ether (mETH), representing their stake. This approach offers a fresh 
The post Mantle Introduces New Ethereum Liquid Staking Protocol appeared first on CoinGape.

Mantle Introduces New Ethereum Liquid Staking Protocol

Ethereum’s market value has hit $2,250 for the first time in over 1.5 years, as reported by Santiment. The surge coincides with a rise in both Ethereum open interest and long positions, signaling a growing fear of missing out (FOMO) among investors. Cautioning the traders, Santiment further noted that Ethereum’s price could still climb up 
The post Ethereum Breaks Above $2200 As ETH Open Interest Surges Above $8 Bln appeared first on CoinGape.