[ad_1] Ethereum price is attempting a fresh increase above the $3,450 resistance zone. ETH must settle above $3,550 to continue higher in the near term. Ethereum slowly moved higher above the $3,450 zone. The price is trading above $3,450 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $3,415 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $3,520 and $3,550 resistance levels to continue higher. Ethereum Price Faces Resistance Ethereum price started a decent recovery wave above the $3,400 level. ETH even cleared…
Author: dfrancis36
[ad_1] CRV, the native token of stablecoin lending platform CurveDAO, is close to all-time lows again as the ecosystem attempts a recovery from a large liquidation event this month. Blockchain tracking firm Lookonchain reports that a whale deposited over $6 million worth of CRV to Binance, presumably to sell at a loss. “The 22 million CRV was bought after the CRV liquidation, with a buying price of ~$0.33. Selling now will result in a loss of ~$1 million.” Source: Lookonchain/X On June 13th, Curve founder Michael Egorov announced that all of his loans, reportedly worth roughly $156 million, were liquidated.…
[ad_1] The CEO of artificial intelligence (AI)-focused Fetch.ai (FET) says its planned token merger will still take place despite not being supported by Coinbase. In a new thread on the social media platform X, Fetch.ai chief executive Humayun Sheikh says that the planned AI token merger between FET, Ocean Protocol (OCEAN) and SingularityNet (AGIX) is still slated to happen. “OCEAN and AGIX are merging into FET. Centralized exchanges (CEXs) don’t need to delist or relist FET. It is there already. If you hold FET, do nothing. We are working hard to resolve any issues please bear with us. The timeline…
[ad_1] A trader known for well-timed altcoin calls believes that a Solana (SOL)-based meme token has started a new uptrend. Pseudonymous analyst Bluntz tells his 263,800 followers on the social media platform X that memecoin dogwifhat (WIF) has likely carved a bottom. According to the analyst, WIF is already flashing signs of a bullish reversal on the lower time frame after a deep corrective move from its all-time high of $4.83. “Starting to feel confident WIF bottom is now in. Not only did we get a nice 70% correction from peak to trough down to $1.46, but the structure played…
[ad_1] The derivatives arm of crypto exchange Coinbase has just submitted to the Commodity Futures Trading Commission (CFTC) documents to self-certify the listing of new futures products tied to five popular crypto assets. According to the filings, Coinbase Derivatives is launching futures contracts for Avalanche (AVA), Chainlink (LNK), Polkadot (DOT), Stellar (XLM), and Shiba Inu (SHB), which will all be offered for trading on or after July 15th. The documents say that Coinbase has spoken with futures commission merchants (FCMs) and market participants who support the decision to launch the contracts. “The Exchange is not aware of any substantive opposing…
[ad_1] June was much rougher for Bitcoin than many expected at the beginning of the month. This is because the price of Bitcoin virtually declined throughout the month, leaving many investors, especially short-term holders, disappointed. Related Reading However, despite the price decline, on-chain data suggests that Bitcoin adoption is growing. New data shows the number of new Bitcoin addresses being created has surged to the highest level in two months. This growth suggests the long-term prospects for Bitcoin remain strong. New BTC Addresses Surge To 2-Month High Despite the price slump, the network is exhibiting a promising trend that signals…
[ad_1] The price of PEPE fell drastically on Saturday to reverse some of its gains earlier in the week. Specifically, this price decline saw PEPE fall to $0.00001088, representing a 7.5% decline in 24 hours. While PEPE’s price problems are part of the broader market downturn, recent whale movement seems to have exacerbated the situation. Specifically, a crypto whale recently dumped a massive amount of PEPE tokens for ETH. On-chain data shows a single wallet swapped over 1.4 trillion PEPE tokens for ETH, contributing to downward pressure on price. Anticipation Building For ETH Spot ETF Approvals According to on-chain data…
[ad_1] An analyst who continues to build a following with timely crypto market calls believes that the stage is set for altcoins to witness a big burst to the upside. Pseudonymous analyst TechDev tells his 461,900 followers on the social media platform X that he’s looking at the two-week chart of OTHERS, which tracks the market capitalization of all crypto excluding the 10 largest digital assets and stablecoins. According to the analyst, OTHERS appears to be mirroring its setup in 2017 just before the altcoin market witnessed a parabolic surge. “Accumulation –>Markup –> Expansion… Not one bearish idea I’ve seen…
[ad_1] Ethereum enthusiasts were cruising down the information superhighway towards a July 4th fireworks celebration of a different kind: the launch of the first spot Ethereum ETF. Related Reading But in a move that worried investors, the US Securities and Exchange Commission threw a big wrench into the works, unexpectedly returning applicants’ proposals and delaying the much-anticipated debut. Missed Exit: Ethereum ETF July Launch Goes Up In Smoke The news came as a shock to many, as market watchers and analysts alike had confidently predicted a July launch, with some even suggesting a celebratory trade on Independence Day. Bloomberg ETF…
[ad_1] It is no secret that Bitcoin miners are currently experiencing significant financial stress, especially following the completion of the fourth halving event. As a result, these vital network participants are being forced to offload their BTC holdings to offset the increasing operational costs. Interestingly, the latest on-chain data shows that the Bitcoin market is experiencing a wave of capitulation from miners that is reminiscent of December 2022, barely a month after the FTX collapse. The question now is — what happened the last time and how could it impact the current cycle? Is BTC Ready To Resume Its Bull…