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news-imageFebruary 5, 2025

BlackRock Buys $276,200,000 Worth of Ethereum as ETH and Altcoins Attempt Recovery

The largest asset manager in the world is buying the Ethereum dip to custody funds for its ETH-based exchange-traded fund (ETF). According to BlackRock's data, the firm picked up 100,535 ETH – worth about $276.2 million at time of writing – for its iShares ETHA product.
Publisher: The Daily Hodl
Sentiment: Positive
ETH

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Positive
cover-imageBenzinga
February 5, 2025

Bitcoin Struggling But 'Perfect Storm' Will Take It To $500,000, Ethereum To $20,000, Trader Predicts

Crypto analyst Michaёl van de Poppe urges investors to hold their crypto assets, emphasizing that Bitcoin (CRYPTO: BTC) is fairly valued while altcoins remain heavily undervalued. What Happened: Van de Poppe highlighted on Wednesday on X that the crypto market is currently experiencing one of the most extreme bearish sentiments in its history, following a prolonged period of capitulation.

Negative
cover-imageBitcoin
February 5, 2025

Ethereum's Resilience Tested: Volatility Dominates as Macro Risks Loom

Ethereum (ETH) endured a turbulent week, plunging to a massive low of $2,065 amid geopolitical trade war tensions before rebounding as investors capitalized on discounted prices, currently down 2.1% over the last day. Trade War Fears Rock ETH Ethereum opened the week at $3,200-$3,400 but crashed to a significant low of $2,065 on Feb.

Positive
cover-imageCoinPedia
February 5, 2025

Ethereum Price to Skyrocket? $402 Million Worth ETH Outflow

Ethereum (ETH), the world's second-largest cryptocurrency by market cap, is poised for a massive upside rally. It has recently formed a bullish price action pattern on a monthly time frame. A crypto expert posted on X (formerly Twitter), sharing an ETH chart and highlighting how it mirrors Bitcoin's (BTC) chart before its explosive 2024 surge.

Positive
cover-imageNewsBTC
February 5, 2025

Ethereum Recovers To $2,800 As Exchange Outflows Near $1 Billion

Ethereum has made a recovery to $2,800 during the past day as on-chain data shows the whales have been making massive withdrawals from exchanges. Ethereum Exchange Outflows Spiked After Price Crash According to data from the market intelligence platform IntoTheBlock, investors reacted to the latest crash in the Ethereum price by making outflows from exchanges.

Neutral
cover-imageBenzinga
February 5, 2025

Ethereum Below $3,000: What Does Technical Analysis Say?

Ethereum‘s (CRYPTO: ETH) underperformance has sparked fresh debate about its future, with crypto analyst Benjamin Cowen suggesting the cryptocurrency might have finally reached its lower logarithmic regression trend line. What Happened: In a video podcast on Feb. 5, Cowen, known for his data-driven approach, pointed out that Ethereum has reached a critical juncture.

Neutral
cover-imageBenzinga
February 5, 2025

Each Time Bitcoin Hits $100,000 This 'Ethereum Killer' Goes Higher While ETH Goes Lower: What Is Going On?

Ethereum (CRYPTO: ETH) has exhibited a curious pattern of weakness over recent weeks, with Hyperliquid (CRYPTO: HYPE) being a notable beneficiary of this trend. What Happened: Lookonchain and pseudonymous crypto trader kirbyongeo highlighted the divergence in the performance of Ethereum and Hyperliquid relative to Bitcoin's (CRYPTO: BTC) repeated moves to $100,000.

Negative
cover-imageThe Currency Analytics
February 5, 2025

Ethereum's Mean Coin Age Stalls Amid Bearish Signals

Ethereum (ETH) has been facing significant challenges recently, as its price experienced a volatile drop before bouncing back slightly. As of late, Ethereum has also been showing signs of weakening on-chain metrics, with its mean coin age and exchange netflows presenting mixed signals about the future.

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