Ethereum eyes 40% gains as ETH price fractal approaches final phase

October 11, 2024 Coin Telegraph

$Ethereum eyes 40% gains as ETH price fractal approaches final phase$

ETH price could rise 40% from its bullish fractal pattern despite Ether’s sideways consolidation over the past week.

Since dropping under $2,450 on Oct. 2, Ether (ETH) price has consolidated between a narrow gap of $100 over the past nine days. While Bitcoin has exhibited market volatility, Ether’s weekly returns represent a mere 1% decline.

On the weekly chart, Ethereum has also maintained a bullish position by holding above the 200-day EMA trendline.

ETH/USD on the weekly chart. Source: TradingView

Crypto market cycle permanently shifted — Polygon founder

Ethereum gas fees rose 498% in two weeks as network activity surged — Report

September 30, 2024 Coin Telegraph

Altcoin

An uptick in Ethereum network activity was accompanied by a 498% rise in ETH gas fees. Will Ether price respond?

Ethereum network transaction fees have risen significantly over the last two weeks following a surge in onchain activity, according to Coinbase.

Coinbase’s weekly report, published on Sept. 27, notes that the average Ethereum gas fees between Sept. 16 and Sept. 26 were 498% higher than the monthly average, with the median transaction cost rising from $0.09 at the beginning of the month to $1.69.

Ethereum transaction fees and ETH transfer volumes

Crypto market cycle permanently shifted — Polygon founder

Ethereum gains 15% in a week — Is a recovery to $3K back in sight?

September 23, 2024 Coin Telegraph

Ethereum gains 15% in a week — Is a recovery to K back in sight?

Bitcoin

Ethereum shows strength in its USD and BTC pair as network activity surges. Is a move to $3,000 realistic?

Ether (ETH) rallied 18.7% between Sept. 17 and Sept. 23, pushing past Bitcoin (BTC) in terms of weekly gains as an increase in open interest, funding rates and network growth signal strong demand for ETH.

Ether’s price is up 4% over the last 24 hours to trade at $2,650, according to data from Cointelegraph Markets Pro and TradingView. In comparison, Bitcoin is trading at $63,678, up 1.8% over the last 24 hours. The total crypto market capitalization has risen by 2% over the same period to $2.3 trillion.

Ether has increased 17.5% over the last seven days, outperforming Bitcoin, whose price has risen only 9.8% over the same period.

Crypto market cycle permanently shifted — Polygon founder

Crypto millionaire loses $43 million in Ether-Bitcoin trading bet

September 14, 2024 Coin Telegraph

Crypto millionaire loses million in Ether-Bitcoin trading bet

Aave

Fickel is one of the world's wealthiest cryptocurrency investors, currently holding more than $4.8 million worth of Ether.

Crypto millionaire James Fickel has suffered losses exceeding $43 million since Jan. 10, as his debt on the decentralized lending platform Aave surged to $132 million.

Fickel, an early Ethereum investor and the founder of longevity research firm Amaranth Foundation lost over $43.7 million by essentially betting on Ether’s price (ETH) against Bitcoin (BTC).

Based on the millionaire’s 2024 investments, Fickel expected Ether price to rise against Bitcoin’s when he first borrowed $172 million worth of Wrapped Bitcoin (WBTC) on Jan. 10, according to a Sept. 14 X post by Lookonchain.

Crypto market cycle permanently shifted — Polygon founder

Ether ETF flows turn positive for first time in 2 weeks, bolstered by BlackRock

August 29, 2024 Coin Telegraph

blackrock

Some analysts are eying an Ether rally above $3,000, but traders may have to wait until October.

Inflows into Ether exchange-traded funds (ETFs) have turned positive for the first time in over two weeks.

The nine US spot Ether (ETH) ETFs recorded a cumulative $5.9 million worth of net positive inflows, marking the first green day since Aug. 14.

BlackRock’s ETF (ETHA) saw the largest daily inflow of $8.4 million, according to Farside Investors data.

Crypto market cycle permanently shifted — Polygon founder

Ether price drop due to investor sentiment, not $420M ETF outflows — Nansen

August 19, 2024 Coin Telegraph

Ether price drop due to investor sentiment, not 0M ETF outflows — Nansen

Coin Telegraph

Ether’s price is subdued by a lack of risk appetite among investors caused by wider macroeconomic conditions.

Ether’s sluggish price action is driven more by a lack of investor interest than by the ongoing outflows from spot Ether exchange-traded funds (ETFs).

The price of Ether (ETH) has fallen by more than 26% since the launch of United States-based spot Ether ETFs on July 23. The ETFs have recorded a cumulative $420.5 million in net outflows since their launch date.

However, Ether’s price isn’t struggling due to the continued ETF outflows but due to a lack of risk-on appetite among investors, according to Aurelie Barthere, the principal research analyst at Nansen onchain analytics platform.

Crypto market cycle permanently shifted — Polygon founder

Lookonchain: Erm, actually the $2B of ETH was sold back in 2021

August 8, 2024 Coin Telegraph

Lookonchain: Erm, actually the B of ETH was sold back in 2021

China

Lookonchain shared that Plus Token had begun moving nearly $2 billion in ETH but it turns out most of it had already been sold in 2021.

Independent analysts have debunked a recent social media post claiming that “hundreds of dormant wallets” linked to the multibillion-dollar crypto scam Token Plus had begun shifting nearly $2 billion in Ether.

In a now-deleted Aug. 6 post to X, blockchain analytics service Lookonchain initially claimed that wallets linked to TokenPlus had begun shifting some 789,533 ETH — worth $1.8 billion at current prices.

As it turns out, the amount may have been much lower than initially stated.

Crypto market cycle permanently shifted — Polygon founder

Solana hits new all-time high against Ethereum, but is $200 SOL price within reach?

August 7, 2024 Coin Telegraph

Solana hits new all-time high against Ethereum, but is 0 SOL price within reach?

Coin Telegraph

Solana’s price could rally to $200 if SOL manages to flip $148 into a support level, technical analysis suggests.

Solana’s (SOL) price hit a new all-time high against Ether (ETH) on Aug. 7, and traders are eyeing a potential breakout to $200, a level not seen since March.

SOL’s price has entered price discovery, hitting an all-time high of 0.06211 against ETH, according to data from Binance and TradingView.

The SOL/ETH trading pair has been forming higher highs on the daily chart since June 23, suggesting that more upside is possible.

Crypto market cycle permanently shifted — Polygon founder

Nasdaq asks to list options on spot Ethereum ETFs — Filing

August 6, 2024 Coin Telegraph

Bitcoin Price

Exchanges are still waiting on permission to list options on spot Bitcoin ETFs, too.

Nasdaq’s options exchange asked United States regulators to permit options trading on spot Ethereum exchange-traded funds (ETFs), according to an Aug. 6 regulatory filing.

Nasdaq’s proposed rule change would apply exclusively to Blackrock’s iShares Ethereum Trust (ETHA), which is the only Ether (ETH) ETF listed on Nasdaq’s electronic exchange. The others are listed on the New York Stock Exchange’s (NYSE) Arca or Cboe.

The filing marks an important step towards widespread adoption of ETH ETFs, which listed in July and and proceeded to attract approximately $1.5 billion in net inflows, according to Morningstar.

Crypto market cycle permanently shifted — Polygon founder

Jump Trading’s Ether dump: Smart move or sign of trouble?

August 5, 2024 Coin Telegraph

Coin Telegraph

Jump Trading’s aggressive Ether sell-off, coinciding with Japan’s market crash, raises questions about its strategy and market exit.

Jump Trading’s recent transfer of hundreds of millions in Ether (ETH) has stirred debates and market speculations.

This aggressive unloading of assets preceded a historical stock market crash in Japan on Aug. 5, where the Nikkei 225 index plummeted 12.4%, losing 4,451 points, its largest points drop ever.

Jump Trading moved around $315 million in staked Ether to cryptocurrency exchanges recently, with major transfers occurring over the weekend.

Ether Price