Ethereum (ETH) Surges 20%: Whales Return Amid Overbought Concerns
This 20% rise has sparked optimism among investors, but there remains some uncertainty over whether the uptrend will continue without a reversal.
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This 20% rise has sparked optimism among investors, but there remains some uncertainty over whether the uptrend will continue without a reversal.
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The Ethereum Foundation has released a report detailing its $970.2 million treasury, primarily held in ether. The report outlines the foundation's strategy of selling ETH during bull markets to fund ecosystem projects during bear markets.
The report also highlights the foundation's conflict of interest policy, which bars team members from accepting outside jobs that pay in hard-to-value assets.
TL;DR Bitcoin and Ethereum options worth nearly $4.6 billion expire today, creating volatility in the market. The expiration of these options follows the US elections and FOMC updates, with high expectations for strategic moves. Implied volatility has decreased, although the market remains optimistic.
Ethereum rose to $2,960 earlier today, outperforming bitcoin since Wednesday as the Trump win will give the ethereum industry a much needed respite.
Ethereum trades in the $2.9K range, after gaining over 3.55%. ETH could hit $3K if it clears the $2,950 resistance.
Swiss National Bank (SNB) Chairman Martin Schlegel has cautioned about cryptocurrencies like bitcoin and ether, describing them as volatile and energy-intensive, and highlighting links to illegal activities that complicate regulation.
The Ethereum ecosystem's treasuries total $22.2 billion in 2024, with Optimism, Uniswap, and Mantle holding the largest shares.
The factors that held ETH back this year are now reversing. This shift could open the door for meaningful price discovery.
Yields on U.S. sovereign debt declined Thursday after the Federal Reserve eased monetary policy by slashing interest rates by 0.25 percentage points. What happened: The benchmark 10-year Treasury yield dropped by 0.8 basis points to 4.335%, while the yield on 2-year government bonds slid 2 basis points to 4.197%.
The ongoing rally of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL) should not lead investors to believe that all cryptocurrencies will do equally well in a bull run, a new report found. What Happened: “Any coin or token that failed to rally at least 10% over the last week should likely be avoided,” the 10x Research analysts write in their latest report, urging investors to stay focused on selective assets that demonstrate resilience and growth potential.
The Ethereum Foundation (EF), a nonprofit supporting Ethereum's blockchain ecosystem, has released its 2024 annual report detailing financial updates, treasury holdings, and recent policy initiatives. The report highlighted the organization's budget breakdown, spending from recent years, and new policies designed to foster transparency and integrity across the Ethereum ecosystem.
While bullish indicators such as Ether ETF inflows point to potential upside for ETH, recent spikes in derivatives trading volume suggest increased volatility. The post Ether Eyes $3.2K Breakout Amid Positive ETF Inflows, Trump Victory Boosts Sentiment appeared first on Cryptonews.
TL;DR Eclipse, the first hybrid Ethereum-Solana layer-2 network, has launched its mainnet, combining the speed and low transaction costs of Solana with the decentralization and liquidity of Ethereum. The network offers 60 decentralized applications (DApps) across various sectors, including DeFi, consumer apps, and gaming, attracting users and developers from both ecosystems.
Donald Trump's second presidential win has sent ripples of excitement across the cryptocurrency market. Bitcoin led the charge, surging 10% to a new all-time high of $76,203, as buying activity spiked amid renewed optimism. Investors are showing confidence, with Trump's pro-crypto stance expected to influence favorable policies for digital assets.
Ethereum exchange-traded funds (ETF) have put their underwhelming days of performance behind them. Data from Farside Investors show two consecutive days of massive inflows into Ethereum ETF products.
TL;DR The Ethereum Foundation (EF) has disclosed a substantial treasury of $970.2 million as of October 31, 2024, with 99% of its $788.7 million in cryptocurrency assets held in Ether (ETH).
Aya Miyaguchi, Ethereum Foundation's executive director, shares Ethereum Foundation Report 2024, a comprehensive outlook oт EF policies and instruments. It provides a detailed review of EF reserves and key areas of activities EF is going to be focused on.
Peter Brandt critiques Ethereum's complexity and high transaction fees, favoring Solana's streamlined approach.
Bitcoin (BTC) surged to a new all-time high, reaching $76,943, only a couple of days after it smashed its previous all-time high of $76,191, as markets continued their upward trajectory following Donald Trump's victory.
Macro investor and fund manager Dan Tapiero believes Ethereum (ETH) is severely undervalued in the current market.
The Shiba Inu (SHIB) community is buzzing with speculation about the possibility of the token reaching a value of $0.01, a target that many have long dreamed of. A recent suggestion from a prominent community figure has reignited the discussion, proposing a potential pathway to this ambitious goal—Shiba Inu becoming a gas token on the Ethereum network.
A critical bullish signal may be ahead, with indicators aligning for a potential rally too.