|All Time High:
|The price of #ETH today is $3,448 USD.
The lowest ETH price for this period was $0, the highest was $3,448, and the current live price for one ETH coin is $3,448.14166.
The all-time high ETH coin price was $4,861.
Use our custom price calculator to see the hypothetical price of ETH with market cap of BTC or other crypto coins.
|The code for Ethereum is #ETH, and the symbol for #ETH is Ξ.
Ethereum is 8.6 years old.
|The current market capitalization for Ethereum is $407,893,831,636.
Ethereum is ranked #2 out of all coins, by market cap (and other factors).
|The trading volume is huge during the past 24 hours for #ETH.
Today's 24-hour trading volume across all exchanges for Ethereum is $29,917,786,411.
|The circulating supply of ETH is 118,293,815 coins, which is 100% of the total coin supply.
|ETH is the native coin for the Ethereum blockchain.
View the full list of Ethereum blockchain tokens.
|ETH is well integrated with very many pairings with other cryptocurrencies and is listed on at least 326 crypto exchanges.
View #ETH trading pairs and crypto exchanges that currently support #ETH purchase.
More Ethereum (#ETH) News
|Crypto Price Analysis Mar-1: ETH, XRP, ADA, SOL, and BNB
This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin.
Ethereum impressed with its rally this week after booking a 16.3% price increase. In the process, buyers managed to break the resistance at $3,340 and re-test it as a key support.
While the trend remains firmly bullish, the momentum indicators appear a bit over-extended, which could make buyers exhausted if they continue at this rate. Only in February ETH increased by over 50% with little pullbacks.
Looking ahead, the most important target for ETH is found at $4,000, which will also act as a resistance.
Chart by TradingView
Despite the volatility this week, XRP still managed to close in profit with an 11% price increase, and buyers successfully defended the support at 54 cents.
Bulls have a good shot at taking XRP higher in March after the correction that started back in November ended last month. The next target and resistance is found at 69 cents.
Looking ahead, XRP has turned bullish, and the buying volume has returned to levels not seen since 2023. These are clear signals that the buyers are in charge.
Chart by TradingView
Cardano impressed with a 17.6% price increase this week after briefly reaching 70 cents. This performance allowed bulls to make a new local high.
The support is found at 60 cents, and the current target for this rally is 82 cents. If buyers continue at this rate in March, then the next target is only a week away.
|Ethereum Price Prediction: Is ETH Headed for $5,000 in the Mid Term?
Renowned trader and technical analyst Michael van de Poppe believes altcoins are rising, and Ethereum is set to benefit from the upcoming upswing.
Van de Poppe, who shares insights with his 697,000 followers on X, predicts a surge in the altcoin market, which could lead Ethereum (ETH) to potentially reach $5,000 as investors turn their attention away from Bitcoin towards altcoins.
#Altcoin market capitalization is slowly moving upwards.
The upside could be captured on Bitcoin, meaning a rotation towards altcoins.
Therefore, Ethereum to $4,500-5,000 is likely, while altcoins will accelerate with 2-4x returns. pic.twitter.com/FKEaPpjrZv
— Michaël van de Poppe (@CryptoMichNL) February 29, 2024
It’s worth recalling that layer-2s on Ethereum are experiencing a boom in Total Value Locked, pushing ETH to new peaks. Moreover, it seems the attention is shifting to the possibility of an Ethereum spot ETF by May 2024.
This week, multiple altcoins have exploded in price, especially meme coins like WIF and PEPE. Solana reached an intraday high of $134, gaining over 10% in 24 hours.
Possible Bitcoin Correction?
Regarding Bitcoin, Van de Poppe hinted at a possible correction following the substantial net inflows driven by institutional demand. He pinpoints possible support levels at $46,000 or $53,000.
Poppe is not the only analyst warning about retraces. Daniel Yan, co-founder at Matrixport, warned against a possible correction of 15% by the end of April, which would be ...
|Ethereum Tests $3.5K as Traders Set Higher Targets (ETH Price Analysis)
Ethereum's price has encountered intensified buying activity, driving a significant surge towards a pivotal resistance zone, notably the previous major yearly high at $3.6K.
A breakthrough above this crucial level could set the stage for Ethereum to establish a new all-time high (ATH) in the near term.
The Daily Chart
A detailed examination of the daily chart underscores Ethereum's robust bullish momentum, as the price undergoes a substantial and impulsive upward movement, reaching the critical resistance area represented by the prior major yearly high of $3.6K.
Despite the formidable barrier at $3.6K, Ethereum's overall outlook remains highly bullish, with market participants largely anticipating a successful breach of this level in the coming weeks.
Such a breakthrough would likely signal the expansion of the uptrend towards Ethereum's ATH, positioning the price for a new high in the medium term. However, until such a breakout occurs, the $3.6K price range is likely to serve as a containment zone for Ethereum's movements.
The 4-Hour Chart
Analyzing the 4-hour chart further confirms Ethereum's robust upward trajectory, propelling it to its highest level since April 2022. This surge, accompanied by a series of higher highs and higher lows, reflects significant buying interest aimed at pushing Ethereum toward the notable resistance level of its ATH at $4.8K.
Nevertheless, Ethereum currently finds itself in close proximity to a s...
|Ethereum Bulls Get Aggressive As Traders Set Sights on $4,000 Amid Marke...
Ethereum has been exhibiting a robust and sustained upward trend, showing its mettle in the volatile cryptocurrency market. At the time of writing, the price of ETH was hovering around $3,743, surpassing its moving averages with considerable bullish momentum.
The cryptocurrency community is now eagerly anticipating the breach of the significant $3,500 price threshold, marking a potential milestone for Ethereum's continued ascent to the highly-coveted $4,000 price tag.
Notably, the current price has surged well above the 50-day moving average, which stands at approximately $2,700, underscoring the strength of the ongoing bullish trend. Furthermore, the 100-day moving average, situated at $2,400, serves as another crucial support level. Historically, these key supports have proven instrumental in propelling Ethereum prices higher upon retesting.
ETH Surge: Price Correction In The Offing? Ethereum (ETH) surged alongside Bitcoin (BTC) on February 28th, reaching within spitting distance of its all-time high of $3,500. While bulls celebrate, a technical indicator hints at a potential pause in the rally.
The CryptoQuant Funding Rates metric, reflecting fees paid in perpetual futures contracts, reveals a significant spike for ETH on February 28th. Reaching 0.07%, it marks the highest level since April 2021, exceeding the 0.06% peak observed before ETH's previous peak of $4,800 in November 2021. Historically, such surges in funding rates have often preceded price corrections.
|Ethereum Price Prepares To Go On Another Bullish Spree, Key Support Inta...
Ethereum price climbed to a new multi-month high above $3,400. ETH is consolidating like Bitcoin and seems to be setting up for another bullish spree.
Ethereum extended its increase above the $3,400 resistance zone. The price is trading above $3,350 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,250 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct lower, but dips might be limited below the $3,250 support zone. Ethereum Price Extends Rally
Ethereum price remained in a bullish zone after it settled above the $3,000 pivot level. Bitcoin saw strong moves above the $60,000 resistance. It even rallied toward the $64,000 level. ETH also started a decent increase and cleared the $3,320 resistance.
It surged over 10% and even tested the $3,500 level. A new multi-month high was formed near $3,496 before there was a sharp decline. A low was formed at $3,111 and the price is now attempting a fresh increase. It is still above the 23.6% Fib retracement level of the upward wave from the $3,111 swing low to the $3,465 high.
Ethereum is now trading above $3,350 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support at $3,250 on the hourly chart of ETH/USD. The trend line is close to the 61.8% Fib retracement level of the upward wave from the $3,111 swing low to the $3,465 high.
Immediate resistance on the upside is near the $3,450 level. The first major resistan...
|Ethereum Price Primed To Hit $3.5K After Bitcoin Rallies Past $60K
Ethereum price climbed to a new multi-month high above $3,300. ETH is consolidating while Bitcoin is gaining pace above the $60,000 resistance.
Ethereum extended its increase above the $3,300 resistance zone. The price is trading above $3,250 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its increase toward $3,420 or even $3,500 in the near term. Ethereum Price Underperforms Bitcoin
Ethereum price started another steady increase from the $3,150 support zone. ETH cleared the $3,220 and $3,250 resistance levels to move further into a positive zone.
However, Bitcoin performed better and rallied significantly above the $58,000 resistance. It surged over 10% and even cleared the $60,000 level. Ether also managed to pump above $3,300. A new multi-week high is formed near $3,368 and the price is now consolidating gains.
It is trading above the 23.6% Fib retracement level of the upward wave from the $3,206 swing low to the $3,368 high. There is also a connecting bullish trend line forming with support at $3,320 on the hourly chart of ETH/USD.
Ethereum is now trading above $3,250 and the 100-hourly Simple Moving Average. Immediate resistance on the upside is near the $3,365 level. The first major resistance is near the $3,420 level. The next major resistance is near $3,450, above which the price might gain bullish momentum.
Source: ETHUSD o...
|Can Ethereum Touch $4,000? Crypto Analyst Says ETH Rally Far From Over
Like Bitcoin, Ethereum has also picked up steam, with the second-largest crypto token crossing the $3,000 resistance level for the first time since 2021. Interestingly, this crypto analyst believes the rally is far from over, as he highlighted a key price level that ETH could hit soon enough.
Ethereum Could Rise To As High As $4,000
Crypto analyst Altcoin Sherpa suggested in an X (formerly Twitter) post that Ethereum could rise to as high as $4,000. His prediction looks feasible when one considers crypto analyst Bitcoin Ape’s recent analysis of Ethereum from a technical analysis perspective.
In his X post, Bitcoin Ape noted that the ADX (average directional index) indicator is currently “very high,” signalling that ETH’s bullish trend is strong. Indeed, this bullish momentum might be very strong as the crypto token has since crossed the $3,130 price level, which Bitcoin Ape highlighted in his post as ETH’s new resistance level.
Interestingly, the analyst noted that Ethereum had already faced four resistance levels in February alone and has so far broken all of them, having also crossed the $3,130 mark. Although Bitcoin Ape failed to give his short-term prediction for ETH, he expects the crypto token to hit its all-time high (ATH) of $4,891 when the bull run returns in full force.
Meanwhile, Altcoin Sherpa isn’t the only one who believes that ETH could rise to $4,000 soon enough. Standard Chartered Bank had als...
|Spot Ethereum ETF in May and Bitcoin Price at $88K by 2024's End? (Resea...
Bitwise research analyst Ryan Rasmussen projects a 50% probability of spot Ethereum ETFs receiving approval from the U.S. Securities and Exchange Commission (SEC) in May.
Furthermore, he anticipates Bitcoin reaching $88,000 by the conclusion of 2024.
Ethereum ETF Approval Hangs in the Balance
In a recent interview on Yahoo Finance, Rasmussen emphasized that ETFs are increasingly attracting interest from institutional investors prior to the potential approval date. He noted that this development is influencing Ethereum's recent performance, as the second-largest digital asset has seen more gains than BTC.
Furthermore, he expressed concerns regarding the market's preparedness for the product in line with SEC preferences.
Spot Bitcoin ETFs previously faced rejections until the SEC was faced with a lawsuit from Grayscale. While the Bitwise researcher does not believe that a lawsuit is needed for the Ethereum ETFs, their approval in May is a coin toss, hence a 50% chance of it going either way.
Rasmussen also mentioned the forthcoming Ethereum advancements driving the cryptocurrency's expansion. He emphasized the March Dencun upgrade as a refinement aimed at reducing transaction costs on the Ethereum network, thereby enhancing adoption.
Rasmussen’s view was supported by Matt Hougan, Bitwise’s Global Head of Research, who mentioned that he saw an almost 50% chance of approval in May. On the other hand, the Polymarket website’s predictions are less optimistic, with...
|Ethereum Outperforms Bitcoin As Institutional Investors Clamor For ETH E...
Reports have revealed that institutional investors are shifting their focus to Ethereum, displaying a preference compared to the largest cryptocurrency, Bitcoin. Despite Bitcoin’s recent rally to over $55,000, Ethereum’s unique features and potential developmental capabilities continue to capture institutional players’ interest.
Institutions Favor Ethereum Over Bitcoin
On February 24, cryptocurrency exchange, Bybit, published a research report on its users’ asset allocation. The research examined investors’ hodling and trading behaviours, covering the period from July 2023 to January 2024. Bybit’s report also provided valuable insights into investors’ asset allocation across cryptocurrencies such as altcoins, stablecoins and meme coins, shedding light on the specific coins users are currently bullish or bearish on.
According to the research report, Ethereum has unexpectedly emerged as the primary cryptocurrency choice for institutional investors. The report revealed that “institutions are betting big on Ethereum,” allocating more of their funds to ETH compared to BTC.
Bybit has disclosed that the recent rise in interest in Ethereum began in September 2023, when ETH was still trading around $2,000. Subsequently, Ethereum’s market sentiment became more bullish, experiencing a surge in investor interest to about 40% by January 2024. The crypto exchange has confirmed that, as of January 31, ETH h...
|3 Things to Look in Ethereum After the ETH Price Broke Above $3.2K
After Ethereum broke above $3,000 the price appears unstoppable. In the following, we take a look at a few technical indicators that might provide some insights into why the ETH price made a new yearly high.
Key Support levels: $2,860Key Resistance levels: $3,3401. New Yearly High
The ETH rally is not stopping. The price reached over $3,200 today before a short pullback started. The key resistance at $3,340 is very close and may offer an opportunity for sellers to return. Watch closely that level as it is decisive where ETH goes next.
Chart by TradingView
2. Momentum Indicators Remain Bullish
The bias on this price action is bullish. However, this latest yearly high did not have the same volume as in the past. If the buying volume does not increase, then sellers could take over.
Chart by TradingView
3. Daily MACD Shows a Bearish Divergence
The price made a new high, but the daily MACD histogram made a lower high. This is called a bearish divergence and could signal that buyers are losing strength. To confirm this, sellers have to stop the rally at the key resistance.
Chart by TradingView
The post 3 Things to Look in Ethereum After the ETH Price Broke Above $3.2K appeared first on CryptoPotato.
|Bitcoin Topped $57K, Ethereum Surpasses $3.2K: Details
Bitcoin (BTC) has surged above $56K, an all-time high achieved almost three years ago on February 20, 2021.
The last time BTC was at these levels was in November of the same year.
Monday 26th has been one of the most intense days for the crypto industry, with the two leading assets, BTC and ETH, surging above 10%, liquidating millions of dollars of short positions.
wow $1400 in minutes.... #Bitcoin smashes 55K then $56K
good time to be SHORT - NOT pic.twitter.com/crdSVPM3Zv
— InvestAnswers (@invest_answers) February 27, 2024
Bitcoin remained on the sidelines for the past seven days, unable to overcome the $52K barrier. Most analysts pointed out that $52K was a crucial barrier BTC had to break to reach new all-time highs potentially.
On Monday, the bulls decided to take control and break that barrier, placing BTC at $53K. However, the price action didn't stop there, as the cryptocurrency managed to reach a high of $55,700 around 9:30 PM (EST), just to add another $1,300 in a few minutes.
BTC at $60K doesn't seem so far off now, considering the asset is less than $4,000 shy of this figure. So far, $190 million BTC shorts have been liquidated in the past 24 hours.
Bitcoin ETFs have been rapidly growing in size, outpacing gold ETFs in terms of inflows over the past six weeks. Bloomberg analysts suggest that Bitcoin ETFs could surpass gold ETFs in size within the next 24 months.
ETH has been on a roll lately, as well, and the past 24 hours didn't disappoint. The second...
|Ethereum Price Rally Stalls As Bitcoin Pumps But Bulls Are Not Done Yet
Ethereum price climbed to a new multi-month high above $3,200. ETH is consolidating while Bitcoin is gaining pace above the $55,000 resistance.
Ethereum extended its increase above the $3,200 resistance zone. The price is trading above $3,175 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,150 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its increase toward $3,320 or even $3,450 in the near term. Ethereum Price Underperforms Bitcoin
Ethereum price remained in a positive zone and extended its increase above the $3,050 resistance. ETH climbed above the $3,200 resistance, but upsides were contained after Bitcoin surged above $55,000.
Ether even spiked above $3,250. A new multi-week high is formed near $3,274 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $3,041 swing low to the $3,274 high.
There is also a key bullish trend line forming with support at $3,150 on the hourly chart of ETH/USD. The trend line is close to the 61.8% Fib retracement level of the upward move from the $3,041 swing low to the $3,274 high.
Ethereum is now trading above $3,175 and the 100-hourly Simple Moving Average. Immediate resistance on the upside is near the $3,250 level. The first major resistance is near the $3,275 level. The next major resistance is near $3,320, above which the price might gain bullish momentum.
Source: ETHUSD on Trading...
|Ethereum Exodus: Whales Withdraw $64 Million ETH From Exchanges, Bullish...
According to data from Lookonchain, an on-chain analytics platform, Ethereum (ETH), whales have withdrawn roughly $64.2 million worth of ETH from major exchanges.
This significant movement of funds coincides with a notable uptick in the price of ETH, indicating an increasing interest in the asset.
Ethereum Whales Movement Signals Confidence
According to Lookonchain's findings, much of the ETH supply has been shifted from exchange wallets to custodial wallets. The on-chain analytics platform reported that an Ethereum address labeled 0x8B94 had withdrawn an amount of 14,632 ETH, valued at approximately $45.5 million, from Binance.
Lookonchain states these funds have been actively staked within six days, indicating a deliberate move towards adopting long-term investment strategies.
The analysis from the platform also points out that another two fresh whale wallets have transferred 6,000 ETH, amounting to $18.7 million, from Kraken to undisclosed wallet addresses over the last two days.
Whales are accumulating $ETH!
0x8B94 withdrew 14,632 $ETH($45.5M) from #Binance and staked it in the past 6 days.https://t.co/bywnrZ2glt
2 fresh whale wallets withdrew 6K $ETH($18.7M) from #Kraken in the past 2 days.https://t.co/0kEvOmiv3hhttps://t.co/90fqjJXsSu pic.twitter.com/J0ewl8S3OX
— Lookonchain (@lookonchain) February 26, 2024
This trend suggests an increase in major investors to secure substantial amounts of Ethereum away from exchange platforms, potentially as a means of position...
|Ethereum Leaves Bitcoin Behind, But Is This Rally Sustainable?
Ethereum has left Bitcoin in the dust with its latest rally towards $3,100. Here's whether this run is sustainable based on futures market data.
Ethereum Has Separated From Bitcoin With Over 7% Jump In Past Week
While Bitcoin has been in consolidation lately, Ethereum appears to have been putting together bullish momentum entirely of its own, as the asset has jumped more than 7% in the past week.
The chart below shows how ETH has performed during the last month.
In the last 24 hours, Ethereum reached a peak of $3,130 level, a mark it only reached for the first time since the first half of April 2022. Since then, the coin has come down a bit, as it now floats around $3,100.
Nonetheless, despite this small retrace, ETH has still performed notably better than the original cryptocurrency. Now, the asset's investors might be wondering if the coin could continue this run. Perhaps data related to the futures market might shed some light.
ETH Funding Rates Have Been At Positive Levels Recently
As pointed out by an analyst in a CryptoQuant Quicktake post, the ETH funding rate has had positive values recently. The 'funding rate' is an indicator that keeps track of the periodic fees that traders on the futures market are exchanging between each other right now.
When the value of this metric is positive, it means that the long holders are currently paying a premium to the short investors to hold onto their holdings. Such a trend implies the majority sentiment in the futures market is ...
|Market Expert Highlights Top Coins To Watch As Ethereum (ETH) Reaches 22...
Market expert Miles Deutscher has identified several key trends and developments in the cryptocurrency market, particularly focusing on the Ethereum (ETH) rally and its implications for Layer-2 (L2) decentralized finance (DeFi) altcoins.
Deutscher highlights that ETH's recent surge to a 22-month high of $3,130 has sparked increased interest in L2/DeFi altcoins, presenting potential opportunities for investors.
Ethereum Price Strength Continues
In a recent post on social media X (formerly Twitter), Deutscher notes that Ethereum continues to show strength, especially compared to Bitcoin (BTC), which remains in a key consolidation phase at $51,100. Holding above the significant psychological level of $3,000, ETH's bullish momentum is further fueled by reports of Justin Sun, the founder of TRON, purchasing over $500 million worth of ETH in recent days.
Deutscher remains optimistic about ETH and ETH-betas leading up to the proposed exchange-traded fund (ETF) dates in May and the upcoming Dencun upgrade in March. There are also potential indications of ETH/BTC breaking out, with investor Andrew Kang actively increasing his ETH long position.
First, on his altcoins watchlist, Deutscher highlights the fee switch proposal underway at Uniswap (UNI). This US-based decentralized crypto exchange has seen notable price gains of over 37% in the past week, which could have significant implications for the entire industry from a regulatory standpoint.
Notably, the analyst believe...
|Arbitrum Beats Ethereum and Solana With 119% Surge In NFT Sales, NFT Res...
Arbitrum (ARB), the Ethereum Layer 2 scaling solution, has been facing a bearish week after failing to establish a new price floor and falling below the $2 level. Additionally, the unlocking event scheduled for March could negatively impact the token’s price.
Despite ARB’s recent drop, the blockchain has seen a greater performance in the non-fungible token (NFT) market, surpassing Ethereum and Solana.
Arbitrum: Top Gainer In The Last Day
Data from Crypto Slam shows that the daily NFT sales volume in the Arbitrum blockchain recovered in the last 24 hours. The blockchain is the fourth largest by total NFT volume sales, showing a recent performance larger than Ethereum or Solana.
The chart above shows that Arbitrum is the top gainer after seeing a 119.41% surge in sales volume, over $1.26 million, during the last 24 hours. The blockchain also registered an 8.09% increase in wash sales from the day prior. Despite the rise, it only accounts for 0.11%, or $1,489, of the total sales volume.
Wash trading is a practice used to inflate an asset’s value artificially. As a form of market manipulation, the trader buys and sells the same asset, usually through a third party, to create the impression of a higher market activity of said asset.
Wash sales in the NFT market can happen through a single seller creating multiple accounts to trade the NFT or two sellers scheming to buy and sell each other’s digital assets.
The Arbitrum blockchain had 8,094 transactions d...
|Crypto Analyst Sounds Warning Alarm: Last Chance To Buy Bitcoin And Ethe...
Crypto analyst Rager recently provided valuable insights to Bitcoin and Ethereum investors ahead of the imminent bull run. As part of his statements, he revealed the best time to go all in on the two largest crypto tokens by market cap, Bitcoin and Ethereum.
“Last Great Opportunity For This Cycle”
Rager opined in an X (formerly Twitter) post that the “last great opportunity for this cycle” will come around the Bitcoin Halving. In line with this, he also stated that he was still holding spot in positions and waiting for the “BTC and ETH pullback”, which he explicitly predicts will happen between now and May.
Going by Rager’s opinion, this “nice dip” presents the perfect time for crypto investors to position themselves ahead of this cycle’s bull run. His statement also suggests that Bitcoin and Ethereum (and possibly other crypto tokens) will run massively after that pullback occurs. Interestingly, analysts have continued to identify this event as what will kickstart the next bull run.
Bitcoin Run To $60,000 Might Be Close
In a subsequent X post, Rager gave an idea of what price level Bitcoin could drop to when the crash occurred as he hinted that he wouldn’t invest until Bitcoin dropped to $48,000. He also provided an analysis of Bitcoin’s current price action, noting that it has been “composed of a few days of strong price action followed by a lot of chop and pullbacks.”
He added that...
|OG Ethereum ERC-404 Token PANDORA Is Rallying Again, What's Behind It?
PANDORA, the first token to use the Ethereum ERC-404 token standard, is on the move after slowing down for a few weeks. The token’s price saw a significant surge over the weekend, rising around 50% to clear $24,000 once more. This recovery was triggered by a number of factors, so here they are.
Whales Set Their Sights On PANDORA
The most obvious reason behind the price push recorded for PANDORA over the weekend can be traced back to significant whale activity. On-chain data tracking website Lookonchain, flagged a number of whale transactions that took place in the days leading up to the price surge.
The first whale accumulation was seen on February 20, when Lookonchain reported that a single whale had spent $4.89 million to purchase 244.24 PANDORA tokens. The buying spree took place over a number of days, and by the time the whale was done, they had an average entry price of $20,044.
A giant whale spent 4.89M $USDC to buy 244.24 #PANDORA at an average price of $20,044 on Feb 13, Feb 14 and today.https://t.co/DR58pEXN5j pic.twitter.com/c7Q3sM6ksO
— Lookonchain (@lookonchain) February 20, 2024
A couple of days later on February 23, the on-chain tracking platform reported that another whale was making their PANDORA play. This time around, the new whale spent $1.37 million buying 71.45 PANDORA tokens at an average price of $19,268.
Another whale is buying #PANDORA, having spent 1.37M $USDC to buy 71.45 #PANDORA at an average price of $19,268 so far.https://t.co/o1z...
|Who's Behind The Latest $41 Million Ethereum Buying Spree? Justin Sun Ag...
The cryptocurrency community is abuzz with speculation after a series of large Ethereum (ETH) purchases attributed to a wallet potentially linked to Justin Sun, founder of the TRON blockchain and CEO of BitTorrent.
Justin Sun On An Alleged Massive Buying Spree
According to a tweet by blockchain analytics firm Lookonchain, the suspected wallet recently acquired another 13,780 ETH, valued at approximately $41.24 million. This latest purchase adds to a total of 168,369 ETH, worth roughly $487 million, accumulated in just two weeks from both centralized exchanges like Binance and decentralized exchanges (DEXs).
The buying spree began accelerating this week, with significant purchases almost daily. The largest single transaction, recorded on February 19th, saw the suspected Sun wallet acquire a staggering 54,721 ETH, amounting to $154.4 million.
The suspected #JustinSun wallet bought 13,780 $ETH($41.24M) from #Binance again 12 hours ago.
He bought 168,369 $ETH($487M) at $2,894 from #Binance and #DEX in less than 13 days!https://t.co/HOLrbULDJB pic.twitter.com/zhJMQJGgq9
— Lookonchain (@lookonchain) February 25, 2024
Motives And Market Impact Remain Unclear
While Justin Sun has not confirmed ownership of the wallet, the size and frequency of the transactions point towards a high-profile investor. However, Sun's intentions and the potential impact on the market remain open to interpretation.
The suspected #JustinSun wallet bought 13,780 $ETH($41.24M) from #Binance again 12 ...
|Ethereum Whales Withdraw $64.2M in 6 Days Ahead of ETH's Rally to 2-Year...
Ether’s (ETH) latest price rally and surge past the $3,000 level has been followed by whales on an accumulation spree.
A tweet from on-chain analytics platform Lookonchain revealed that ETH whales withdrew over $64 million worth of the crypto asset in the last six days for different purposes, including staking.
ETH Whales Withdraw $64.2M
According to Lookonchain, whale 0x8B94 withdrew 14,632 ETH worth $45.5 million from the world’s largest crypto exchange, Binance, in the past six days. The assets were moved over six transactions, with the first executed on February 20.
Whale 0x8B94 first transferred 10,820 ETH accumulated by February 23 out for staking before moving the last 3,850 ETH withdrawn between February 24 and 25, eight hours before writing time. Data from Etherscan showed the whale had a balance of 4.7 ETH worth approximately $14,500 at press time.
Besides whale 0x8B94, two fresh large wallets, labeled 0x8Fa5 and 0xBa74, withdrew 3,000 ETH each from the crypto exchange Kraken on February 24 and 25, respectively. While it remains unclear if the wallets belong to the same user, their histories have no other transactions recorded. Each wallet held only the withdrawn ETH value at $9.26 million at writing time.
ETH Hits 2-Year High
The whale withdrawals come as ETH hovers above the $3,000 price level, recording a 2% increase in the past 24 hours, per data from CoinMarketCap. The cryptocurrency has rallied significantly recently, reaching levels last seen in t...
|Ethereum Price Surges Past $3k to Hit 96-Week High as eTukTuk Presale St...
Ethereum’s (ETH) progress shows no signs of slowing down, shattering investor expectations as it reaches a 96-week high.
ETH is now trading for $3,040, yet rose past $3,100 yesterday before pulling back.
While ETH’s surge grabs the headlines, some investors are keeping an eye on the rising star eTukTuk (TUK) – a disruptive presale project looking to transform transportation in developing countries.
Crypto Whales Stockpile ETH, Fueling Price Surge Past $3,100
Ethereum’s recent rise hasn’t just been down to bullish investor sentiment.
Technical indicators point to underlying strength, with the critical resistance level at $3,000 being breached for the first time since April 2022.
This upward momentum aligns with an eye-catching trend – Ethereum whales have been on an accumulation spree.
Over the weekend, the top holders amassed a staggering 170,000 ETH, worth over $514 million.
This massive vote of confidence signals that whales anticipate further gains, and their buying power is fueling Ethereum’s current surge.
The market is taking notice, with retail investors opting to follow the lead of these whales.
As a result, a self-fulfilling prophecy appears underway, pushing ETH’s price higher.
Analysts are now eyeing a daily close above $3,100, which would strengthen the bull case even more.
However, should ETH struggle to sustain above $3,100, a reversal back to $3,000 could be on the cards.
Grayscale Endorsement Propels Ethereum&r...
|Ethereum Price Tops $3,100: Mega Wedge Breakout Imminent
After a prolonged period of weakness for a year and a half against the Bitcoin price, the Ethereum price is currently showing strength again and could be set for an explosive move, according to several renowned analysts.
Ethereum/BTC Chart Is A ‘Stunner’
In an analysis of the ETH/BTC trading pair, renowned financial expert Raoul Pal has brought to light a compelling dual-chart pattern. The formation of both a 'mega wedge' and an inner descending channel is setting the stage for what might be a significant breakout for Ethereum when priced in Bitcoin. Pal stated:
The ETH/BTC chart is an absolute stunner...and ready for the next big move, the break of the mega wedge...let's see how it pans out….
The 'mega wedge' pattern, discernible on the weekly ETH/BTC chart, showcases a contraction of price movement between two converging trend lines over an extended time frame. The upper trend line, acting as a dynamic resistance, has repeatedly pushed back ascending price attempts. Conversely, the lower trend line has provided a sturdy support base.
Within the boundaries of this one and a half year wedge, a more immediate descending channel has taken shape. This channel, characterized by a downward trajectory with price action making lower highs and lower lows, indicates a bearish sentiment within the overarching consolidation phase of the mega wedge.
However, Ethereum's current positioning, slightly above the upper boundary of this descending channel, implies that a b...
|Ethereum Hits 22-Month High, Where Will ETH Go Next?
Ethereum prices reached a 22-month high of $3,125 during the Monday morning trading session in Asia. It is the highest price the asset has seen since April 2022.
The move has added a further 2.5% gain to the price of ETH, which is now up 36% over the past month.
Ethereum is currently leading crypto markets, which have made 0.5% on the day, with total capitalization reaching $2.1 trillion. This is also the highest markets have been since April 2022.
Ethereum Momentum Moving
On Feb. 26, crypto market analyst Jacob Canfield observed that Ethereum had flipped support and resistance several times and is now targeting the $3,350 level.
With the spot Ethereum ETF deadline in May, “things are getting interesting,” he said.
$ETH - Up only after the $2200 retest at the lows. Flipped multiple S/R's now.
STill targeting $3333 / $3350 .618 move as per the playbook I posted in October.
Ethereum ETF deadline in May. Things are getting interesting. pic.twitter.com/BrtCl6HeUx
— Jacob Canfield (@JacobCanfield) February 25, 2024
Furthermore, ETH is on the cusp of a historic monthly close, observed analyst ‘Rekt Capital.’ It would be only the second time in history that the asset has monthly closed above the $2,791 level in a bull market, he said.
The asset has been on fire in February, climbing from $2,260 on the first of the month to over $3,100 by the end of it. Trader “Satoshi Flipper” was also bullish on Ethereum, stating:
|Ethereum (ETH) Price Rally, Ripple (XRP) Predictions, Shiba Inu (SHIB) D...
ETH's price spikes over $3,100, possibly driven by the upcoming Dencun upgrade and potential regulatory developments.
Despite a recent dip, analysts predict XRP's price could hit $1.40 in April, indicating a bullish outlook.
Shiba Inu's Shibarium exceeds 360 million transactions, and SHEboshi NFTs sell out quickly, showing significant market interest.
The price of Ethereum (ETH) has been going through the roof lately, recently reaching a nearly two-year high of over $3,100. The surge comes at a time when most leading cryptocurrencies, including Bitcoin (BTC), Solana (SOL), Cardano (ADA), and others, have shown little to no volatility in the past 24 hours or have even charted minor losses.
Several important factors and upcoming advancements might stand behind ETH's rally. One example is the Dencun upgrade, which is scheduled to take place in mid-March and focuses on increasing the scalability, efficiency, and security of the Ethereum blockchain.
The development marks the beginning of 'The Surge' era - a vital process that follows the historical transition from Proof-of-Work consensus algorithm to Proof-of-Stake, known as 'The Merge.'
The hype surrounding the potential approval of a spot Ethereum ETF in the United States could have also played a role. Recall that BTC experienced a substantial price ascent in the months leading to the SEC's decision to greenlight numerous applications (including BlackRock's) to launch a spot ETF with the primary cryp...
|Ethereum Price Climbs Toward $3,200 And Bulls Are Just Getting Started
Ethereum price is outperforming Bitcoin with a move above $3,000. ETH is showing bullish signs and might soon climb above the $3,200 resistance.
Ethereum started a fresh increase above the $3,000 resistance zone. The price is trading above $3,050 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,080 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend its increase toward $3,200 or even $3,250 in the near term. Ethereum Price Outperforms Bitcoin
Ethereum price remained stable above the $2,880 support zone. ETH formed a base and started a fresh increase above the $3,000 resistance. It gained nearly 5% and outperformed Bitcoin.
A new multi-week high is formed near $3,121 and the price is now consolidating gains. It is trading above the 23.6% Fib retracement level of the upward wave from the $2,907 swing low to the $3,121 high. There is also a key bullish trend line forming with support at $3,080 on the hourly chart of ETH/USD.
Ethereum is now trading above $3,085 and the 100-hourly Simple Moving Average. Immediate resistance on the upside is near the $3,120 level. The first major resistance is near the $3,150 level.
Source: ETHUSD on TradingView.com
The next major resistance is near $3,200, above which the price might gain bullish momentum. If there is a move above the $3,200 resistance, Ether could even rally toward the $3,280 resistance. Any more gains might call for a test of $3,320.
Are Dips Suppo...
|Bitcoin Price Stuck In Range While ETH Surges, More Downsides Ahead?
Bitcoin price is struggling to clear the $52,000 resistance. BTC could start a decent downside correction if it breaks the $50,500 support zone.
Bitcoin price is still struggling to clear the $52,000 resistance zone. The price is trading below $51,600 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $51,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend its current decline and revisit the $50,500 support. Bitcoin Price Faces Resistance At $52K
Bitcoin price retested the $50,500 support zone and even spiked toward $50,400. However, the bulls were active near the $50,450. A low was formed at $50,456 and the price recovered above $51,200.
The bears are now protecting an upside break above the $52,000 resistance zone. A high is formed at $51,936 and the price is now moving lower. There was a break below a connecting bullish trend line with support at $51,500 on the hourly chart of the BTC/USD pair.
There was a break below the 23.6% Fib retracement level of the upward move from the $50,456 swing low to the $51,936 high. Bitcoin is now trading below $51,600 and the 100 hourly Simple moving average.
Source: BTCUSD on TradingView.com
Immediate resistance is near the $51,600 level. The next key resistance could be $52,000, above which the price could rise toward the $52,500 resistance zone. The main resistance is now near the $53,000 level. A clear move above the $53,000 resistan...
|Ethereum (ETH) Reclaims $3K Level as Bitcoin (BTC) Eyes $52K (Weekend Wa...
Bitcoin's price went on the offensive once again after yesterday's retracements and came inches away from tapping $52,000.
Most altcoins are also slightly in the green, with ETH surging past $3,000 and SOL maintaining above $100.
BTC to Challenge $52K?
After a few consecutive weeks of price increases, the primary cryptocurrency had a quieter seven-day period this time. The only notable price surge came on Tuesday when the bulls drove the asset to a new multi-year peak of precisely $53,000.
However, a sharp rejection followed that pushed the cryptocurrency south by more than two grand. It tried to recover most of the losses but ultimately fell below $51,000 on a few occasions.
The next couple of days were calmer, but BTC still struggled to post any substantial gains. Just the opposite, the cryptocurrency fell to a multi-day low of $50,600 yesterday.
The landscape has changed since then, though. Bitcoin began another leg-up that resulted in gaining over a grand in hours and jumping to nearly $52,000. As of now, BTC has been unable to conquer that line even though it is more than 1% up on the day.
Its market capitalization has gone above $1 trillion once again, but its dominance over the altcoins is down to 48.6%.
BTCUSD. Source: TradingView
ETH Reclaims $3K
Perhaps driven by the hype around the potential approval of spot Ethereum ETFs, the second-largest digital currency, has been on the rise in the past few weeks. This led to the inevitable challenge of the $3,000 level. The a...
|Important Binance Update Affecting SOL, ETH, and FIL Users
Binance added new cryptocurrency trading pairs and bot services involving high-performing coins like SOL, FIL, and WLD.
The exchange's offering partially targeted the Turkish market with new TRY pairs, reflecting increased crypto interest in the nation's challenging economic environment.
The largest cryptocurrency exchange expanded the list of trading choices offered on Binance Spot, adding the pairs FIL/USDC, HBAR/TRY, PENDLE/TRY, and WLD/USDC.
Additionally, the company allowed trading bots services with BNB/FDUSD, DYM/USDT, ETH/FDUSD, PYTH/USDT, SOL/FDUSD, PYTH/USDT, and others.
Some of the affected cryptocurrencies, such as Solana (SOL), Filecoin (FIL), and Worldcoin (WLD), have taken center stage as of late due to their price appreciation. SOL's value skyrocketed by approximately 1,000% over the past year, currently trading above the $100 mark.
FIL and WLD have been among the best performers in the previous days. The former has soared by 8% in the past 24 hours and almost 70% on a monthly scale. WLD has charted even more impressive gains, up around 230% on a two-week basis.
Some of the introduced trading pairs focus on the Turkish lira (TRY), enabling Turks to dive deeper into the world of crypto. Locals have shown great interest in the digital asset industry in the last few years, partially due to the crash of their national currency and the worrying condition of the domestic economy.
As CryptoPotato recently reported, Bitcoin (BTC...
|Ripple (XRP) More Popular Than Ethereum in These Countries: Data
XRP's popularity has surged, outperforming ETH in Google searches in several countries.
Ripple's lawsuit outcome and events like the Bitcoin halving could further boost XRP's prominence and value.
Japan and Many More
Despite the lengthy lawsuit between Ripple and the United States Securities and Exchange Commission, the entity's native token - XRP - remains among the trendiest cryptocurrencies. Its popularity rose significantly last year when Ripple secured three vital (yet partial) court victories against its opponent.
According to most recent trends, XRP has even surpassed Ethereum (ETH) in Google searches in certain countries (over the past month). Japan, the Philippines, and South Africa are the top 3 nations where Ripple's coin has dwarfed its. XRP searches have also been on the rise in Finland, Malaysia, and Indonesia, albeit in a more modest fashion.
Ethereum remains more popular in some leading European economies, including France, Sweden, Spain, Germany, Switzerland, and others.
A few months ago, Solana briefly flipped ETH in terms of Google searches. The trend coincided with SOL's rapid price increase, which skyrocketed by approximately 1,000% between the beginning of last year and New Year's Eve.
Can XRP Progress Even More?
Some could argue that Ripple's coin might surge in popularity even more if its price explodes in the following months. The crypto space is rammed with analysts who have recently predicted colos...
|800,000 ETH Flow Out Of Centralized Exchanges In 2024 – Bullish Si...
The price of Ethereum has been a joy to watch since the start of 2024, climbing by more than 30% in less than two months. The latest on-chain revelation suggests that ETH investors are approaching the market with more confidence, as the cryptocurrency’s price rally seems to be far from over.
$2.4 Billion Worth Of ETH Leaves Exchanges: CryptoQuant
A pseudonymous analyst on CryptoQuant’s Quicktake revealed that significant amounts of the Ethereum token have been making their way out of exchanges in the last few weeks. This observation is based on the “Exchange Reserve” metric, which tracks the amount of ETH tokens in the wallets of all centralized exchanges.
When the value of this metric increases, it implies that investors are making more deposits than withdrawals of an asset (Ether, in this case) into centralized exchanges. Meanwhile, the metric’s decline means that more assets are flowing out than entering these platforms.
According to data from CryptoQuant, more than 800,000 ETH (equivalent to approximately $2.4 billion) has flowed out of cryptocurrency exchanges since the turn of the year. Typically, the movement of significant amounts of cryptocurrencies out of these platforms suggests a rise in investor confidence.
As the CryptoQuant Quicktake author noted, this reduction in Ether’s exchange reserve balance could be a bullish catalyst for the altcoin’s price. A sustained decline in the ETH’s supply on exchanges could tri...