Ethereum Gears Up For Gains: These Bullish Indicators Signal Potential Upside
Bitcoinist » Ethereum
by Godspower Owie
1d ago
Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, has currently been showing signs of a potential upside move as key indicators turn bullish. This positive momentum which may be triggered by an increase in the market buying pressure has led to a growing optimism about the digital asset’s near-term prospects. In this article, As ETH continues gearing up for significant gains we will be diving into the key indicators signaling this upside potential, and discuss what this could mean for Ethereum’s price trajectory. Technical Indicators: Key Signals Pointing To An ..read more
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Ethereum Gas Fees At Lowest Level Since May – Impact On ETH Price?
Bitcoinist » Ethereum
by Opeyemi Sule
2d ago
According to the latest on-chain observation, gas fees on the Ethereum network have fallen to their lowest level in nearly two months. How will this impact the price of ETH? Ethereum Network Activity Wanes Ahead Of Spot ETF In a new Quicktake post, a pseudonymous analyst revealed that the activity on the Ethereum network has been on a decline, with gas fees touching their lowest level in recent weeks. This comes despite the upcoming approval and launch of the Ethereum spot ETF (exchange-traded fund). According to data from CryptoQuant, the ETH average gas fees (Gwei) have dropped to their lowe ..read more
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Ethereum Founder Vitalik Buterin Moves 100 ETH, Here’s The Destination
Bitcoinist » Ethereum
by Scott Matherson
1w ago
Canadian computer programmer and co-founder of Ethereum, Vitalik Buterin recently executed a large-scale ETH transaction, sparking interest in the destination of the funds.  Buterin Donates 100 ETH To Ethereum-Focused Organization On July 6, Buterin transferred approximately 99.9 ETH tokens valued at about $300,000 to a wallet address starting with 0x82 for the Gnosis Safe Proxy. The transaction, spotted by blockchain analytics platform Arkham Intelligence and confirmed by on-chain data, was executed using one of Buterin’s main wallet addresses. Reports have indicated that the destination ..read more
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Ethereum Drops 20%: Here’s Why Analysts Are Defiant And Bullish
Bitcoinist » Ethereum
by Dalmas Ngetich
1w ago
Following Bitcoin and other top coins, Ethereum is in red, bleeding at spot rates. In summary, Ethereum is down 20% from the May 2024 highs, easily breaking $3,300, as the Bears target is $3,000 in the short term. Ethereum Down But Analysts Are Bullish: Here’s Why However, amid this deluge of sellers, some analysts remain defiant, expecting prices to recover in the coming sessions. Specifically, QCP analysts said there are reliable bullish signals to consider coming from the options market. Interestingly, the surge in bullish bets comes amid the imminent approval of spot Ethereum exchange-trad ..read more
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Ethereum Price Wavers As Institutional Investors Pull $60.7 Million In One Week
Bitcoinist » Ethereum
by Scott Matherson
1w ago
Crypto investment products tracking Ethereum and others registered another week of outflows last week, albeit at a lesser amount, to extend the run of outflows to three consecutive weeks. Digital investment products witnessed $30 million worth of outflows last week. However, this outflow deviated from the trend we normally observe, with Bitcoin taking a step back and most of the movement coming from Ethereum-based investment products. Particularly, the latest CoinShares report shows that institutional investors pulled a whopping $60.7 million from Ethereum-based investment products in just one ..read more
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Ethereum Co-founder Rolls Out Game-Changing Feature To Accelerate ETH Transactions
Bitcoinist » Ethereum
by Godspower Owie
1w ago
An enormous surge is expected for the Ethereum network as the project’s co-founder and crypto enthusiast Vitalik Buterin has unveiled a new feature for the Ethereum blockchain that promises to speed up transaction confirmations times significantly. The new Single Slot Finality (SSF) feature has the potential to make Ethereum transactions very instantaneous, by streamlining the consensus-building process on the network. Ethereum Network Transactions Sees Major Upgrade With Ethereum continuing to develop, Vitalik Buterin‘s announcement emphasizes the continued efforts to address problems with ef ..read more
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Ethereum HODLing: Data Reveals Diamond Hands Own 78% Of Supply
Bitcoinist » Ethereum
by Keshav Verma
1w ago
On-chain data shows the Ethereum long-term holders have recently been increasing their total share of the cryptocurrency’s supply. Ethereum HODLers Currently Carry The Majority Of ETH Supply According to data shared by the market intelligence platform IntoTheBlock in a post on X, the Ethereum long-term holder supply has been on the rise recently. The “long-term holders” (LTHs), as defined by IntoTheBlock, refer to the ETH investors who bought their ETH more than a year ago. Statistically, the longer an investor holds onto their coins, the less likely they become to sell at any point. As such ..read more
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Ethereum Staking Gets Major Boost With 60,000 Unique Depositors In One Month
Bitcoinist » Ethereum
by Scott Matherson
2w ago
On-chain data recently showed that the Ethereum staking has experienced significant growth over the last month. This undoubtedly presents a bullish outlook for the Ethereum ecosystem, which is already oozing with a lot of bullish sentiment heading into July.  Almost 60,000 Unique Depositors Join Ethereum Network Data from the on-chain analytics platform CryptoQuant shows that 59,894 new depositors have joined ETH’s staking network since May 20. Interestingly, this significant increase began around the time Bloomberg analysts James Seyffart and Eric Balchunas increased their approval odds ..read more
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Ethereum Price Heading For $3,360 – Can Key Support Levels Sustain The Uptrend?
Bitcoinist » Ethereum
by Godspower Owie
2w ago
Ethereum (ETH) is currently facing a critical test as it approaches the key support level of $3,360. This price point has emerged as a significant marker in recent trading sessions, with market participants closely watching to see if ETH can maintain its footing or if further declines are imminent.  The $3,360 level represents a crucial battleground between bullish and bearish forces, and its outcome could set the tone for Ethereum’s short-term price trajectory. In this article, we will explore ETH’s potential price implications in the event of a rejection or a breach with the help of tec ..read more
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SEC Sues Ethereum’s ConsenSys Over Lido And Rocket Pool Offerings
Bitcoinist » Ethereum
by Ronaldo Marquez
2w ago
The US Securities and Exchange Commission (SEC) has intensified its legal battle with the crypto industry by filing a lawsuit against ConsenSys, a blockchain firm known for its MetaMask wallet product and its focus on the Ethereum network.  The SEC alleges that ConsenSys violated federal securities laws by operating as an unregistered broker and dealer while offering services for “crypto securities,” amassing fees exceeding $250 million.  SEC Lawsuit Against ConsenSys  The SEC’s lawsuit against ConsenSys echoes similar complaints against other crypto firms such as Coinbase and K ..read more
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