Charles Hoskinson: ‘Ethereum, Solana, Bitcoin aren't competition – Big tech is'
Will tech giants like Apple and Meta hijack crypto? Hoskinson believes it's only a matter of time.
Keep up with what's happening in the crypto world in real-time.
Will tech giants like Apple and Meta hijack crypto? Hoskinson believes it's only a matter of time.
Ethereum (ETH), the world's second-largest cryptocurrency by market cap, is at a crucial level, indicating a make-or-break situation for the altcoin. This prediction is based on ETH's current price action in the four-hour time frame.
XRP has recently overtaken Ethereum (ETH) in popularity among Japanese cryptocurrency investors, marking a significant milestone for the Ripple-affiliated token. According to the latest market data, XRP now holds an 18% share of the tokens stored on Japanese exchanges, surpassing Ethereum, which holds a 14.4% share.
Ethereum is regaining traction after a significant market downturn. Though the Ethereum price is currently experiencing a marginal decline, analysts remain confident about its potential uptrend.
Ethereum (ETH) has been in a consolidation phase since February 2, trading below the $3,000 level. Despite brief attempts to rise, the cryptocurrency has struggled to gain significant momentum, with technical indicators such as the Relative Strength Index (RSI) and the Directional Movement Index (DMI) showing neutral or weak signals.
Ethereum has been navigating a bearish market structure, with a notable resistance around the $2.8K zone, which has proven difficult to break through. This resistance level held strong from August to November 2024, and Ethereum has recently fallen below it, causing some concern among investors.
Financial services giant Goldman Sachs is reportedly holding nearly $2 billion worth of shares in Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs). According to a new filing with the U.S. Securities and Exchange Commission (SEC), Goldman Sachs currently holds $1.63 billion worth of Bitcoin ETFs and $196.
The crypto market continues recording mixed price sentiment this month. This has resulted in the top cryptocurrency tokens recording increased price action this week. With this, Bitcoin, Ethereum, and Ripple coins have experienced a similar price action, highlighting increased price volatility.
An Ethereum move to $2,880 might turn out to be a bull trap before a bearish reversal occurs.
Ethereum (ETH) price has remained in a consolidation phase, trading below $3,000 since February 2. Over the past weeks, indicators like RSI, DMI, and EMA suggest that ETH lacks strong momentum, with neither buyers nor sellers taking full control.
Ether option markets are “leaning bullish,” with a “touch of caution” from large investors, as ETH faces significant downside volatility under $2,600, a Nansen research analyst told Cointelegraph.
According to recent data, the Ripple-affiliated XRP cryptocurrency is far more popular with Japanese investor compared to Ethereum (ETH).
Transaction fees on the Ethereum network have dropped by 70%, from $23 million to $7.5 million per day. This dramatic decrease comes amid a major transformation for the blockchain, with the announcement of two significant updates scheduled for April 2025.
Vitalik Buterin, a co-founder of Ethereum, has laid out a long-term plan for the decentralization and scalability of Ethereum. Buterin put forth a solution based on Ethereum Improvement Proposal (EIP) 3668 in response to worries regarding the growing complexity of operating light clients in an ecosystem that is rollup-centric.
Ethereum has been struggling below the $2,800 mark for days, unable to reclaim it as support to kickstart a recovery rally. This key level remains a significant barrier for bulls, and as the price continues to consolidate below it, bearish sentiment is growing.
Ethereum, the second-largest cryptocurrency by market capitalization, has faced a tough year. Despite the overall surge in the digital asset market, Ethereum (ETH) has underperformed, losing 1.1% year-over-year, while rivals like Bitcoin (BTC) and Solana (SOL) have experienced significant gains.
Ethereum price has been showing strength and looks poised for a strong bounce-back all the way towards $6,000. Currently, ETH has been flirting around $2,700 levels with weekly gains near zero.
The Binance Coin price has done well in the past few days as investors cheered its ecosystem growth. The BNB coin price jumped to a high of $657 on Sunday, and is a few points below its all-time high of $800.
Ethereum could be heading for levels way above the $3,000-level, especially as there are no major supply zones above.
Ethereum has been facing significant challenges in recent times, with its price struggling to maintain momentum and break through key resistance levels. This uncertainty has left many investors unsure about whether the digital asset will continue to rise or whether a deeper correction is underway.
Ethereum price consolidated around the $2,700 for the better part of the past week, as bullish and bearish catalyst counteracted. On-chain data shows a $16 billion decline in ETH whale transaction volumes could title momentum in favor of the bears.
Solana may just have the upper hand on a few key fronts.
Ethereum's recent progress in institutional adoption has raised renewed interest in the altcoin, but its price remains relatively stagnant. Despite this, growing institutional involvement in Ethereum ETFs (Exchange-Traded Funds) suggests that ETH could be poised for a new phase of growth.
On-chain data hinted at a potential resurgence, with lower fees and declining reserves.
