Ethereum Market Outlook: Will Consolidation Break Give Bulls the Upper Hand?

January 11, 2025 Bitcoin.com

bitcoin.com

It’s been a tough week for ether as the second-largest crypto asset by market cap is down 8.7% against the greenback. Today, priced at $3,273 per ETH with a market capitalization of $394 billion and a 24-hour trading volume of $22.90 billion, ethereum oscillated within an intraday range of $3,192 to $3,322 on Jan. 11, […]

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Crypto bull market entering final stage: CryptoQuant

January 6, 2025 Coin Telegraph

Altcoins

Digital asset prices may still see substantial gains before the market corrects, the analyst said.

The cryptocurrency market is now in the “later stages of the current bull cycle” and “caution is advised” for investors, according to data analytics provider CryptoQuant.

The bull market, which began in January of 2023, is likely to reach its cyclical peak by the first quarter of 2025, or the second quarter at the latest, Crypto Dan, a CryptoQuant contributor, said in a Jan. 6 post.

“With a substantial influx of new investments as well as additional funds from existing investors, it is reasonable to expect that the market is now in the latter stages of this cycle,” the post said.

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Stablecoin adoption, ETFs to propel crypto performance in 2025: Citi

December 27, 2024 Coin Telegraph

bitcoin etf

Inflows into crypto exchange-traded funds are a key driver of price performance, the asset manager said.

Continued adoption of stablecoins and cryptocurrency exchange-traded funds (ETFs) will propel digital asset performance in 2025, according to a Dec. 26 Citi research report.

Crypto ETF inflows, onchain activity and stablecoin usage all spiked after President-elect Donald Trump won the United States presidential election in November, and those metrics remain elevated going into the new year, Citi said.

“Adoption is, in our view, the most important concept to track for the long-term” performance of crypto, according to the report.

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Ethereum shorter gains $1.1M on 50X leverage in 2 days

December 26, 2024 Coin Telegraph

Ethereum shorter gains .1M on 50X leverage in 2 days

Coin Telegraph

Beyond the $1.1 million unrealized profit, the trader earned over $680,000 worth of funding fees on his short position, ripe for liquidation above $4,750.

A cryptocurrency trader is up over $1.1 million on an Ether position within two days after strategically positioning for the current crypto market correction.

A savvy crypto trader generated over $1.1 million worth of profit on his Ether (ETH) short position, which involves “borrowing” the underlying cryptocurrency from a broker, selling it at the current price, and then repurchasing it once the price falls — a strategy used by traders to bet on the price decline of an asset.

The trader opened the 50x leveraged short position when Ether was trading at $3,428, shorting a total of 19,186 Ether worth over $64.5 million as of 10:56 am in UTC on Dec. 26, according to blockchain data from Hypurrscan.

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Ethereum Technical Analysis: Is $4,000 Within Reach or a Mirage?

December 14, 2024 Bitcoin.com

Ethereum Technical Analysis: Is ,000 Within Reach or a Mirage?

bitcoin.com

Ethereum, valued at $468 billion, traded within an intraday range of $3,851 to $3,957.89 on Dec. 14, 2024, reflecting a 20.2% drop from its peak of $4,878.2 on Nov. 10, 2021. Ethereum The daily chart reflects ethereum’s ongoing consolidation, with a peak at $4,096.6 marking the recent high of an uptrend that began at $3,014.5. […]

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Ethereum ‘impulse breakout’ will lead to $15K ETH price in 2025 — Analyst

December 7, 2024 Coin Telegraph

Ethereum ‘impulse breakout’ will lead to K ETH price in 2025 — Analyst

Coin Telegraph

Ethereum price finally took out the $4,000 resistance level, and one analyst says ETH could hit $15,000 by May 2025.

Ethereum’s native token, Ether (ETH), has maintained a slow and steady rise over the past three weeks, rising 28% since Nov. 18. Despite a flash spike down to $3,615 on Dec. 5, the altcoin has sprung back and now trades above $4,000.

Ethereum 4-hour chart. Source: Cointelegraph/TradingView

Its yearly high value remains at $4,098, and the trend continues to form a higher high and higher low trend in the 4-hour chart. The relative strength index, or RSI, also looks healthy, where the indicator is currently below the overbought region.

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Ethereum holder turns $38K into $30M after 8 years

November 7, 2024 Coin Telegraph

Ethereum holder turns K into M after 8 years

2024 US elections

The Ether whale moved the funds for the first time in eight year with 800x gains as ETH price edged above $2,800.

Ether (ETH) has rallied more than 9% over the last 24 hours, reaching a 13-week high of $2,880 on Nov. 7.

As this happened, an Ethereum whale, who had held more than 11,000 ETH since 2016, has appeared to cash in on massive gains.

In February 2016, Ether traded for between $2.1 and $6.6 per token. Back then, the address added 11,005 ETH on the crypto exchange ShapeShift, according to Lookonchain. The onchain smart money tracker said the tokens were acquired at $3.46 per token, putting the total cost at $38,000.

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Ethereum ‘final dip’ to $2.5K likely before ETH treks to new all-time high — Analyst

October 31, 2024 Coin Telegraph

Ethereum ‘final dip’ to .5K likely before ETH treks to new all-time high — Analyst

Coin Telegraph

Ethereum price continues to consolidate, but a fledgling technical pattern hints at an upcoming rally to $2,800.

Ether (ETH) price has struggled to find bullish momentum for months, with the altcoin demonstrating a mere 1% rise in October compared to Bitcoin’s (BTC) 14% return.

The perceived lack of interest from retail and institutional investors is also weighing on Ether price, with the ETH ETF witnessing $4.4 million in inflows on Oct. 30 compared to BTC ETF’s $893 million. That is a 0.49% share relative to its direct competitor.

Spot Bitcoin and Ethereum ETF inflows comparison. Source: X.com

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Too early to say Ethereum L2s are ‘cannibalistic’ of revenue: Sygnum Bank

October 25, 2024 Coin Telegraph

21shares

Ethereum daily fees hover between $1 million and $5 million — far less than the $30 million consistently reached throughout 2021 and 2022.

Fears that Ethereum layer-2 scaling solutions are eating into the mainnet’s revenue and could impact prices may be premature, according to a crypto bank analyst.

“It is much too early to tell whether Ethereum[‘s] strategy of scaling through layer 2s is cannibalistic or will lead to net growth,” Katalin Tischhauser, head of research at Sygnum Bank told Cointelegraph in a recent interview.

Tischhauser’s use of “cannibalistic” refers to layer 2s taking “business” away from the Ethereum mainnet — which has contributed to a substantial fall in Ethereum fees over the last few years.

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Tether’s USDT hits record $120B market cap, flashing ‘Uptober’ signal

October 20, 2024 Coin Telegraph

Tether’s USDT hits record 0B market cap, flashing ‘Uptober’ signal

Bitcoin Price

The $120 billion USDT market cap could spill into Bitcoin and Ether, ending their seven-month downtrend and saving the “Uptober” narrative.

Tether’s United States dollar-denominated stablecoin has surpassed the record $120 billion market capitalization for the first time, signaling a potential crypto rally.

Tether’s USDt (USDT), the world’s largest stablecoin, surpassed the $120 billion mark on Oct. 20, according to the firm’s website, which offers live updates of the stablecoin’s supply.

Tether Tokens in circulation. Source: Tether.to

Ether Price