#ethupdates The live Ethereum price today is $3,125.74 USD with a 24-hour trading volume of $35,112,479,074 USD. Ethereum is down 5.59% in the last 24 hours. The current CoinMarketCap ranking is #2, with a live market cap of $376,684,599,183 USD. It has a circulating supply of 120,510,511 ETH coins and the max. supply is not available.

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📍 Note: Consider a LONG position on ETH based on the analysis of the 2-hour chart, revealing an inverse falling wedge pattern. The recent rejection from the lower trend line suggests an upward movement towards the upper trend line. Seize this opportunity with entries between 2230 and 2190.

🔰 Targets:
- 2280
- 2320
- 2360
- 2400
- 2430

Set a 🔴 Stop Loss at 2160 & ⭕ leverage at 20x.

💸 Execute the trading strategy diligently, aiming to take profits at each specified target. Don't forget to stay updated by liking and following our Binance Feed for more timely updates. Happy trading!

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information

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As per the 4H chart $ETH has been declining for the last 24 hours. The ATH was 3841 and since then it has been continuously been on the decline. It is expected that the price might drop to 35k. There might be some possible correction on the day.
#eth #ethupdates

FTX debtors assess the value of crypto claims based on petition date market prices

In a revised Chapter 11 reorganization plan, FTX debtors state that crypto claims by customers will be assessed using a conversion table, with a valuation based on the petition date.

The debtors of the now-defunct cryptocurrency exchange FTX have filed an amended Chapter 11 reorganization plan indicating the value of customer asset claims will be retroactively set to the time when the exchange collapsed in November 2022. 

In a recent court filing in the United States Bankruptcy Court for the District of Delaware the debtors outlined that any customer entitlement claim against the exchange aimed at compensating the holder will be based on the value as of the date the exchange filed for bankruptcy on November 11, 2022.

Meanwhile, last month, on November 30, FTX was approved to sell approximately $873 million of trust assets, with the proceeds intended to repay creditors of the collapsed exchange.
 
Related: Sam Bankman-Fried’s lawyer says FTX fraud trial was “almost impossible” to win: Report
Joseph Moldovan, chair of business solutions, restructuring, and governance practices at Morrison Cohen — a New York-based law firm — previously explained to Cointelegraph the complexities of the FTX bankruptcy.

"What’s most unusual about the FTX bankruptcy is that the debtors are complex entities with significant amounts of debt," he stated.

Meanwhile, on December 7, Cointelegraph reported that the FTX 2.0 Customer Ad Hoc Committee proposed to revise the reorganization plan to maintain a balance among stakeholder interests. 

On the other hand, there has been significant scrutiny of the activities of crypto assets associated with both FTX and Alameda Research in recent times.

On December 9, reports revealed that wallets linked to these defunct entities transferred digital assets worth $23.59 million to multiple crypto exchanges.

$BTC $ETH $SOL

#Binance #bitcoin#solana#cardano#SHIB#Ethereum#USDT#XRP#SECImpact #ethupdates

ETH Quick Killer Update 🔥🔥🔥

ETH reclaimed the trendline support 3050$

Trading above the trendline is bullish for ETH

We can Target 3150$ - 3250$ - 3370$

Invalidation any 4H closing below 3000$

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The onset of a US recession is anticipated in 2024, coinciding with the debut of the first spot Bitcoin ETFs. A substantial $2.4 billion is predicted to flow into these ETFs during Q1 2024, providing vital support to Bitcoin's price.

The 4th Bitcoin halving in 2024 is expected to bring minimal market disruption, paving the way for a post-halving surge in Bitcoin's value. This surge is anticipated to yield significant profits for certain low-cost miners.

Bitcoin is foreseen to reach an all-time high in Q4 2024, potentially catalyzed by political shifts and regulatory changes following a US presidential election.

While Ethereum is not projected to surpass Bitcoin in 2024, it is poised to outperform major tech stocks.

Following the implementation of EIP-4844, Ethereum Layer 2s are predicted to dominate the majority of EVM-compatible TVL (Total Value Locked) and trading volume.

The NFT sector is expected to experience a resurgence, reaching an all-time high. Ethereum is projected to lead, while Bitcoin gains traction through the Ordinals protocol, altering the ETH-to-BTC NFT issuance ratio to 3-1 by the close of 2024.
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Daily CRYPTO NEWS recap📈🔥- 05.07.2024

•$BTC crashes to $53K, but can it go even lower?

On July 5, Bitcoin plunged to $53,600 on Coinbase, marking its lowest price since February. Analysts fear that the worst may still be ahead. Speaking to Cointelegraph, eToro market analyst Josh Gilbert attributed much of the sell-off to concerns over Mt. Gox creditor repayments, which will release approximately $8 billion worth of BTC into the market in July. However, many other specialists believe that the "buy the dip" mentality will help prevent further losses for Bitcoin.

•$SOL ETFs are coming?! - all You should know

Matthew Sigel, head of digital asset research at VanEck, stated that the launch of a Solana ETF by VanEck depends significantly on the outcome of the 2024 presidential election and whether Gary Gensler remains chairman of the U.S. Securities and Exchange Commission (SEC), according to Odaily. Sigel emphasized the potential influence of cryptocurrency voters in the upcoming election, noting a shift in the regulatory landscape as several Democrats have recently supported cryptocurrency legislation.

•Vitalik Buterin opts for faster Ethereum (EIP-7732 upgrade)

Ethereum developers have introduced a new Ethereum Improvement Proposal, EIP-7732, aimed at overhauling the block validation process to accelerate the blockchain. This proposal brings significant changes by separating block validation into two distinct processes: consensus and execution. The goal is to enhance the blockchain's security and performance. This initiative responds to the growing demand for a more efficient and faster blockchain, aligning with Vitalik Buterin's vision to improve transaction confirmation times.

Stay tuned for more updates from MarMag! New posts coming soon :))

#NewsAboutCrypto #VanEck_SOL_ETFS #MtGoxJulyRepayments #ethupdates

Why $ETH is Pumping 🔥 🔥 🔥 🚨🚨
you should know the main Reason 🤔

👉#Ethereum price is moving towards the ceiling of the channel. This is the third time that the price will try to break out of the bullish flag formed in the daily time frame.

💰Ethereum spikes 9% in 20 mins on ETF approval rumours.

#ETH value relative to Bitcoin ($BTC ) is currently declining, and the ongoing ETF approval process could significantly impact its future.

🚨Ethereum whales bought over 110,000 ETH in the last 24 hours worth $341 million!

If the buyers continue to act strongly, the price of Ethereum can easily reach the $4110 again

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MAJOR UPDATE OF ETH 👇👇

ETHUSDT Forming Ascending Triangle Pattern On Weekly Timeframe, Which Is A Bullish Pattern.

If It Breaks Out Successfully Our 1st Target Will Be $3580 And The 2nd Target Is $4877🚀

#ETH #Cryptohustle #crypto2023 #Ethererum #ethupdates $ETH

🐋 Whale Alert: A whale (0x83) withdrew $7.74M worth of ETH from Binance and deposited it into Blast, the Ethereum layer 2 network dedicated to NFTs, making it the 5th largest address in terms of Blast deposit volume. #CryptoWhale #ethupdates #Blast #NFTs 🚀

With Ethereum’s upgrade, demand for ETH is growing. Is ₹3,939 just the start of a bigger run? 🔥 #ETHUpdates

🚀 Ethereum's Price Nears $2,500: Is it a Surge or Mirage?

📈 Charting the Course: Bulls and Challenges

In recent market moves, Ethereum has set its sights on the $2,500 mark, prompting questions about the sustainability of this upward trend. Here's the lowdown on the current scenario:

🌐 Ethereum Landscape: DeFi Dilemma

While Ethereum's price charts an upward trajectory, its decentralized finance (DeFi) sector grapples with challenges. Soaring transaction fees, rendering the platform less accessible for average users, have impacted the DeFi ecosystem.

⚔️ Competitive Heat: Solana on the Horizon

Amid Ethereum's struggles, competitors like Solana gain attention, boasting lower fees and higher transaction throughput. The competition intensifies, pressuring Ethereum to enhance scalability and efficiency to retain its blockchain dominance.

📊 Technical Analysis: Mixed Signals

Ethereum's price action tells a compelling story. The chart indicates a bullish trend, with the price surpassing key moving averages. The convergence of the 50-day moving average above the 100-day and 200-day moving averages suggests sustained bullish momentum.

🛑 Critical Resistance: The $2,500 Challenge

Despite the positive trends, Ethereum faces resistance as it approaches the crucial $2,500 level. A convincing breakout could mark the beginning of a new rally. However, uncertainties loom with the strain on Ethereum's DeFi ecosystem and competition from blockchains like Solana.

🚀 The Next Meme Coin Phenomenon: BONK's Meteoric Rise

📈 Stratospheric Ascent: BONK Hits Billion-Dollar Valuation
BONK, the latest sensation in the meme coin space, has soared to a billion-dollar valuation. Listings on Coinbase and Binance, major exchanges, have fueled its rise, drawing parallels to Shiba Inu's surge during the previous year's bull run.

🚀 Stay Informed, Stay Cautious: Follow The Blockopedia for Real-time Crypto Insights!

#ethupdates #EthereumRally #crypto #cryptocurrency #crypto2023

FOUND NEW SIGNAL
of ETH

ETH/USDT

I JUST DROPPED ETH/USDT

SIGNAL IS LIVE 🫶🫶🫶

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#Airdrop🪂

$ETH
$BTC
$SUI

📢70% of ETH Supply Distributed During Pre-Mine!

🔍 Insider Lane Rettig Unearths Controversial Insights on Ethereum's ICO

In a surprising turn of events, former Ethereum core developer Lane Rettig has ignited a storm within the crypto community with allegations that a staggering 70% of Ethereum's total supply was distributed during the pre-mine phase. Rettig, who recently made these claims in a widely circulated video, highlighted that the distribution percentage had somewhat decreased to around 60%.

💡 Key Revelations:

Rettig stressed the lack of clarity surrounding the identity of the largest ETH holders, aside from Ethereum co-founder Vitalik Buterin. He mentioned the existence of a very small group of individuals who remain anonymous but hold substantial amounts of ETH, hinting at potential concerns about centralization.

🎭 Identity Mystery of ETH's Biggest Holders:

Addressing the secrecy surrounding major ETH holders, Rettig emphasized that, apart from Vitalik Buterin, the identity of other significant holders remains shrouded in mystery. He shared rumors suggesting that a select few, possibly one or two individuals, accumulated significant portions of pre-mined ETH while maintaining pseudonymous profiles.

🌐 Transparency Concerns in ETH's ICO:

Last year, a video surfaced featuring Ethereum co-founder Joseph Lubin advising early investors to create multiple pseudonymous identities during the ETH ICO to avoid causing panic among the public.

🛑 Rettig's Departure from Ethereum Foundation:

Expressing discontent with the events surrounding the ETH pre-mine, Rettig disclosed that his departure from the Ethereum Foundation was prompted by his realization that he was "pumping Joe Lubin’s bag."

🔗 For more exclusive insights and updates on cryptocurrency controversies, follow The Blockopedia. Stay informed!

#ethupdates #EthereumWhales #crypto #cryptocurrency #crypto2023

📢70% of ETH Supply Distributed During Pre-Mine!

🔍 Insider Lane Rettig Unearths Controversial Insights on Ethereum's ICO

In a surprising turn of events, former Ethereum core developer Lane Rettig has ignited a storm within the crypto community with allegations that a staggering 70% of Ethereum's total supply was distributed during the pre-mine phase. Rettig, who recently made these claims in a widely circulated video, highlighted that the distribution percentage had somewhat decreased to around 60%.

💡 Key Revelations:

Rettig stressed the lack of clarity surrounding the identity of the largest ETH holders, aside from Ethereum co-founder Vitalik Buterin. He mentioned the existence of a very small group of individuals who remain anonymous but hold substantial amounts of ETH, hinting at potential concerns about centralization.

🎭 Identity Mystery of ETH's Biggest Holders:

Addressing the secrecy surrounding major ETH holders, Rettig emphasized that, apart from Vitalik Buterin, the identity of other significant holders remains shrouded in mystery. He shared rumors suggesting that a select few, possibly one or two individuals, accumulated significant portions of pre-mined ETH while maintaining pseudonymous profiles.

🌐 Transparency Concerns in ETH's ICO:

Last year, a video surfaced featuring Ethereum co-founder Joseph Lubin advising early investors to create multiple pseudonymous identities during the ETH ICO to avoid causing panic among the public.

🛑 Rettig's Departure from Ethereum Foundation:

Expressing discontent with the events surrounding the ETH pre-mine, Rettig disclosed that his departure from the Ethereum Foundation was prompted by his realization that he was "pumping Joe Lubin’s bag."

🔗 For more exclusive insights and updates on cryptocurrency controversies, follow The Defidraft. Stay informed!

#ethupdates #EthereumWhales #crypto #cryptocurrency #crypto2023

📈 Exploring the Potential: ETH to $3,000? Technical Outlook Unveiled

📊 Market Insights:

ETH, currently hovering around $2,038, is displaying intriguing patterns that suggest a potential breakthrough. Here's a snapshot of the technical outlook:

📈 Bullish Momentum:

EMA Crossover: The 50 EMA crossing over the 200 EMA on the daily chart signifies a bullish trend in the mid to long term. This golden cross is considered a strong indicator for an upcoming bullish breakout.

📉 Short-Term Challenges:

Immediate Resistance: ETH faces a notable hurdle at $2,042. If this level isn't conquered, there's a possibility of a pullback to $1,994.

💡 Insights from Altcoin Sherpa:

Renowned crypto analyst Altcoin Sherpa confidently predicts ETH reaching $3,000 in the coming months.He points to ETH's historical resistance around $2,200, emphasizing that a breakthrough beyond this point is crucial for the projected rally.

📉 Short-Term Decline Anticipation:

4-Hour Chart Analysis: Despite the overall bullish sentiment, short-term challenges are evident. Bulls are struggling against a strong resistance at $2,042.RSI Indicator: With the Relative Strength Index (RSI) at 46.64, indicating weakness, the path to retesting $2,100 might face hurdles.

🔄 Potential Scenarios:

Linear Progression Warning: The journey to $3,000 may not be a straight line. Traders should be cautious of potential pullbacks during the ascent.

📈 Stay Informed, Stay Ahead:

For real-time updates and in-depth analyses, keep a close eye on the evolving ETH market. The road to $3,000 is filled with twists – are you ready?

🔍 Follow The Blockopedia for the latest trends and analyses in the crypto space. Let's navigate the future together! 🌐

#EthereumWhales #ethupdates #crypto #cryptocurrency #crypto2023