Binance Square
ethupdates
375,581 vistas
179 están debatiendo
Hot
Lo último
Ishit
--
ETH/USD Analysis : Bullish Momentum Ahead ! #ETHUSDT #Ethereum #ethupdates #BullishMomentum #Write2Earn $ETH {spot}(ETHUSDT) Current Overview : - Asset : Ethereum (ETH) - Current Price : $3,436.66** (as of December 26, 2024) - Market Sentiment : Bullish Technical Analysis : 1. Daily Chart : The daily chart displays a **curved trend line**, indicating a strong bullish pattern. 2. Price Action : Recent movements suggest a significant upward potential for ETH, with expectations of a substantial price increase. 3. Correlation with BTC : Anticipated upward movement in ETH is expected to be supported by Bitcoin's performance. Key Levels : - Support Level : Watch for support around **$3,300**. - Resistance Level : The next major resistance is projected at **$3,600**. Conclusion : - The bullish trend in ETH suggests a potential breakout above the resistance level, which could lead to further gains. However, traders should remain cautious of market volatility. Pro-Tip for Investors : - Risk Management : Always set stop-loss orders to safeguard your investments against sudden market shifts. - Stay Updated : Keep an eye on market news and developments that could influence price movements. Final Thoughts : - The current bullish sentiment for ETH presents an exciting opportunity for traders. Staying informed and adaptable to market changes will be key to capitalizing on this potential uptrend.
ETH/USD Analysis : Bullish Momentum Ahead !

#ETHUSDT #Ethereum #ethupdates #BullishMomentum
#Write2Earn

$ETH

Current Overview :
- Asset : Ethereum (ETH)

- Current Price : $3,436.66** (as of December 26, 2024)

- Market Sentiment : Bullish

Technical Analysis :
1. Daily Chart : The daily chart displays a **curved trend line**, indicating a strong bullish pattern.

2. Price Action : Recent movements suggest a significant upward potential for ETH, with expectations of a substantial price increase.

3. Correlation with BTC : Anticipated upward movement in ETH is expected to be supported by Bitcoin's performance.

Key Levels :
- Support Level : Watch for support around **$3,300**.
- Resistance Level : The next major resistance is projected at **$3,600**.

Conclusion :
- The bullish trend in ETH suggests a potential breakout above the resistance level, which could lead to further gains. However, traders should remain cautious of market volatility.

Pro-Tip for Investors :

- Risk Management : Always set stop-loss orders to safeguard your investments against sudden market shifts.

- Stay Updated : Keep an eye on market news and developments that could influence price movements.

Final Thoughts :
- The current bullish sentiment for ETH presents an exciting opportunity for traders. Staying informed and adaptable to market changes will be key to capitalizing on this potential uptrend.
--
Alcista
CAN $ETH RECOVER? 🤔 Here The Answer 👇 Recently, ETH's price dropped to $3,300 erasing recent gains amid a 5% Bitcoin decline. This fall led to $35 million in liquidations of leveraged ETH longs. But what factors actually contributed on this decline? Economic factors like U.S dollar's rally to a two year high and concerns about Federal Reserve policies mainly contributed! In fact, investors shifted to cash amid heightened recession fears (discrepancies in job data). In simple words, when investors move to cash due to recession fears, risky assets like stocks and cryptos lose value. However, if we watch at ETH on chain metrics, its total value locked (TVL) is about 20M ETH. This means that the investors confidence in decentralized applications (DApps) is still very high. So, will it recover? In my opinion, while global macroeconomic challenges persist, bullish derivatives data and robust network activity might set ETH to recover and revisit 4k Are You Bullish Or Bearish? Let Me Know In Comments! STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝 #ETHAnalysis #ethupdates #Ethereum
CAN $ETH RECOVER? 🤔 Here The Answer 👇

Recently, ETH's price dropped to $3,300 erasing recent gains amid a 5% Bitcoin decline. This fall led to $35 million in liquidations of leveraged ETH longs. But what factors actually contributed on this decline? Economic factors like U.S dollar's rally to a two year high and concerns about Federal Reserve policies mainly contributed! In fact, investors shifted to cash amid heightened recession fears (discrepancies in job data). In simple words, when investors move to cash due to recession fears, risky assets like stocks and cryptos lose value.

However, if we watch at ETH on chain metrics, its total value locked (TVL) is about 20M ETH. This means that the investors confidence in decentralized applications (DApps) is still very high. So, will it recover? In my opinion, while global macroeconomic challenges persist, bullish derivatives data and robust network activity might set ETH to recover and revisit 4k

Are You Bullish Or Bearish? Let Me Know In Comments!

STAY TUNED! 🔥 & Remember, Your Support Is MASSIVELY Appreciated!👍💪 Also Don't Forget To Share It To Your Buddy! 🎅 - DYOR 🙏 NFA.🤝

#ETHAnalysis #ethupdates #Ethereum
🚨 Ethereum ($ETH) ALERT: Big Move Incoming! 🚨📊 Market Overview: Current Price: $3,299.10 24-Hour High/Low: $3,397.62 / $3,222.28 Change: -0.33% 📍 Key Levels to Watch: Support: $3,200 Resistance: $3,400 What’s Next for $ETH? 📈 Bullish Scenario: Holding $3,200 could lead to a surge toward $3,400 or $3,500. Breakout potential is high! 🚀💥 📉 Bearish Scenario: If $3,200 breaks, expect a dip to $3,100—an opportunity for dip buyers! 💎📉 Why ETH Is King: 🔗 Smart Contract Leader: Dominating dApps and DeFi markets. 🚀 Ethereum 2.0: Faster, cheaper, scalable with proof-of-stake. 🌱 Thriving Ecosystem: Strong developer interest and growing DeFi network. 💡 Pro Tip: Watch $3,200 closely! Breaking $3,400 could signal a major bull run. Don’t miss it! 🌊📈 #Ethereum #CryptoTrading #ethupdates

🚨 Ethereum ($ETH) ALERT: Big Move Incoming! 🚨

📊 Market Overview:
Current Price: $3,299.10
24-Hour High/Low: $3,397.62 / $3,222.28
Change: -0.33%
📍 Key Levels to Watch:
Support: $3,200
Resistance: $3,400
What’s Next for $ETH?
📈 Bullish Scenario:
Holding $3,200 could lead to a surge toward $3,400 or $3,500. Breakout potential is high! 🚀💥
📉 Bearish Scenario:
If $3,200 breaks, expect a dip to $3,100—an opportunity for dip buyers! 💎📉
Why ETH Is King:
🔗 Smart Contract Leader: Dominating dApps and DeFi markets.
🚀 Ethereum 2.0: Faster, cheaper, scalable with proof-of-stake.
🌱 Thriving Ecosystem: Strong developer interest and growing DeFi network.
💡 Pro Tip:
Watch $3,200 closely! Breaking $3,400 could signal a major bull run. Don’t miss it! 🌊📈
#Ethereum #CryptoTrading #ethupdates
--
Alcista
🔰Follow me for more crypto signals🔰 #swap_crypto #ETH! 📍 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! 🟢Follow me for more updates, and information #ethupdates
🔰Follow me for more crypto signals🔰

#swap_crypto #ETH!

📍 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!

🟢Follow me for more updates, and
information

#ethupdates
Whats Make Trading Constant Allow You EmotionlessWe trade in the future markets not in the Past markets. You have years of experience trading or you are an amateur, but then, you don't realize how significant it is to separate your emotions from your decision making. Keep in mind that you will never trade as well in real time with real money as you will, by trading in the past. How happy you are when the price target has been met and the trigger has presented itself, and you enter the trade without hesitation, not thinking about the entry because you have satisfied your criteria. This is the template I charge all of you to cultivate hence in your approach. Simply put; A Mechanise system Designed To Kill Emotions... Dec, 17 Top Down Analysis ETH/USDT🎞️#MARKET BIASOn the weekly chart, we see a swing low at 1514.87 roughly. And we are considered #bullish on the weekly timeframe. Still on the weekly chart, the price makes impulse and corrections about twice. We can see it clearly in the daily timeframe. 1st Correction🎞️#High 2140.78#Low 1902.722nd Correction🎞️#High 2407.74#Low 2115.87This brings us into our #dailybias that since the nature of the market is correcting in the weekly chart, we are #bearish in a bullish market. We expect to look for #short position.30minutes Frame🎞️We Have an Institution Order Block forming on he 30 minutes frame#Swing High 2333.34#Swing Low 2195.28Price broke prior low of 2212.04And also broke a hidden correction 2202.27lowSpot #Price reaction level 2279.34#Institution OrderBlockEntry: 2282.63Stop loss: 2336.42Partial Target 2195.28Target 2136.24But then, the entry price didn't met and we didn't chase after the market after it left us... because is a Mechanise system of separating emotions from our decisions. A MEDEKE#ethupdates #BTC #etf

Whats Make Trading Constant Allow You Emotionless

We trade in the future markets not in the Past markets. You have years of experience trading or you are an amateur, but then, you don't realize how significant it is to separate your emotions from your decision making. Keep in mind that you will never trade as well in real time with real money as you will, by trading in the past. How happy you are when the price target has been met and the trigger has presented itself, and you enter the trade without hesitation, not thinking about the entry because you have satisfied your criteria. This is the template I charge all of you to cultivate hence in your approach. Simply put; A Mechanise system Designed To Kill Emotions... Dec, 17 Top Down Analysis ETH/USDT🎞️#MARKET BIASOn the weekly chart, we see a swing low at 1514.87 roughly. And we are considered #bullish on the weekly timeframe. Still on the weekly chart, the price makes impulse and corrections about twice. We can see it clearly in the daily timeframe. 1st Correction🎞️#High 2140.78#Low 1902.722nd Correction🎞️#High 2407.74#Low 2115.87This brings us into our #dailybias that since the nature of the market is correcting in the weekly chart, we are #bearish in a bullish market. We expect to look for #short position.30minutes Frame🎞️We Have an Institution Order Block forming on he 30 minutes frame#Swing High 2333.34#Swing Low 2195.28Price broke prior low of 2212.04And also broke a hidden correction 2202.27lowSpot #Price reaction level 2279.34#Institution OrderBlockEntry: 2282.63Stop loss: 2336.42Partial Target 2195.28Target 2136.24But then, the entry price didn't met and we didn't chase after the market after it left us... because is a Mechanise system of separating emotions from our decisions. A MEDEKE#ethupdates #BTC #etf
🚨 Breaking: Ethereum Faces Volatility as 200,000 ETH Flood Centralized Exchanges! After a calm start to the week, Ethereum's price resurgence might be facing uncertainty as a substantial amount of ETH floods centralized exchanges, stirring discussions about its potential impact on the market. 📈 Key On-Chain Revelations: A recent revelation on the X platform indicates a significant movement of Ethereum to centralized exchanges. Based on Glassnode's "Balance On Exchanges" metric, it's reported that over the past 96 hours, a whopping 200,000 ETH, valued at around $460 million, have been transferred to known cryptocurrency exchange wallets. 📊 Potential Implications: Such a substantial spike in exchange inflows often suggests that investors may be positioning to sell their assets, potentially putting downward pressure on Ethereum's price. The influx of such a massive amount of crypto to these platforms raises concerns about possible upcoming volatility in the Ethereum market. 🗣️ Crypto Community Buzz: Crypto pundit Ali (@ali_charts) notes the potential for Ethereum price volatility in response to the surge in exchange inflows. This observation highlights the increased likelihood of significant price swings in the near future. 💹 Ethereum Price Overview: Despite the notable inflow of ETH to exchanges, as of now, Ethereum's price stands at $2,287, reflecting a modest 1.4% growth in the past 24 hours. On a weekly timeframe, Ethereum has seen minimal movement, struggling to maintain levels above $2,300. 📉 What Lies Ahead: While the impact on Ethereum's price has been marginal thus far, the influx of a substantial amount of ETH to centralized exchanges raises questions about the potential for increased volatility in the coming weeks. 🚀 Stay Tuned for Real-time Updates: Follow The Blockopedia for the Latest Crypto Insights! #EthereumRally #ethupdates #crypto #cryptocurrency #crypto2023
🚨 Breaking: Ethereum Faces Volatility as 200,000 ETH Flood Centralized Exchanges!

After a calm start to the week, Ethereum's price resurgence might be facing uncertainty as a substantial amount of ETH floods centralized exchanges, stirring discussions about its potential impact on the market.

📈 Key On-Chain Revelations:

A recent revelation on the X platform indicates a significant movement of Ethereum to centralized exchanges. Based on Glassnode's "Balance On Exchanges" metric, it's reported that over the past 96 hours, a whopping 200,000 ETH, valued at around $460 million, have been transferred to known cryptocurrency exchange wallets.

📊 Potential Implications:

Such a substantial spike in exchange inflows often suggests that investors may be positioning to sell their assets, potentially putting downward pressure on Ethereum's price. The influx of such a massive amount of crypto to these platforms raises concerns about possible upcoming volatility in the Ethereum market.

🗣️ Crypto Community Buzz:

Crypto pundit Ali (@ali_charts) notes the potential for Ethereum price volatility in response to the surge in exchange inflows. This observation highlights the increased likelihood of significant price swings in the near future.

💹 Ethereum Price Overview:

Despite the notable inflow of ETH to exchanges, as of now, Ethereum's price stands at $2,287, reflecting a modest 1.4% growth in the past 24 hours. On a weekly timeframe, Ethereum has seen minimal movement, struggling to maintain levels above $2,300.

📉 What Lies Ahead:

While the impact on Ethereum's price has been marginal thus far, the influx of a substantial amount of ETH to centralized exchanges raises questions about the potential for increased volatility in the coming weeks.

🚀 Stay Tuned for Real-time Updates: Follow The Blockopedia for the Latest Crypto Insights!

#EthereumRally #ethupdates #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
📈 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
Ethereum's Surge to $2,300 Sparks Bullish Market Outlook This week witnessed a robust surge in Ethereum (ETH), the second-largest digital asset, briefly touching $2,300 and settling at $2,281, flaunting a substantial market cap of $274 billion.Ethereum's price dynamics have been pivotal, consistently probing the $2,300 threshold while facing resistance. With a critical zone spanning $1,934 to $2,160 and held by 5.58 million addresses containing nearly 40 million ETH, the resilience displayed by ETH is notable. The Relative Strength Index (RSI) hovering around the 60 levels signals upward momentum, painting a positive picture for the bulls.Nevertheless, the market remains vigilant for potential downtrends, closely monitoring support levels at $2,050 and $2,100. A breach beneath these levels could trigger a shift in market sentiment, potentially leading to ETH's descent to $1,531 or $1,369.Despite the current optimism in Ethereum's price performance, investors approach the situation with caution. The prevailing strategy revolves around seizing opportunities amid market downturns, emphasizing the belief that volatility breeds potential.FTX and Celsius Network Trigger Market Waves with Significant ETH TransfersIn a synchronized move, financially troubled crypto firms FTX and Celsius Network created ripples in the market through substantial ETH transactions. Celsius Network, notably, orchestrated sizable ETH deposits, channeling 7,500 ETH (equivalent to $17.4 million) to FalconX and another substantial 25,000 ETH (with a value of $57 million) to FalconX and Coinbase within the past week.FTX also made a notable entrance into the scene, initiating a significant move by transferring 1,593 ETH (worth $3.66 million) to an address marked 0xCeF, suggesting a potential ETH deposit to Coinbase in the near future. These strategic transactions by both entities reflect their calculated responses to Ethereum's market dynamics, keenly observed by investors for insights into future market trends.Amidst Market Volatility, Can Ethereum Achieve $3,000?Despite recent market fluctuations, Ethereum's daily chart paints an optimistic picture with a promising green candle, hinting at potential price growth. Crypto analysts, including Altcoin Sherpa, speculate that the current situation might present an opportune moment to acquire Ethereum ahead of an anticipated rally. Some even forecast Ethereum reaching $3,000 in the imminent uptrend.$ETH : I still think that #Ethereum is 1 of the easiest trades you can take. It consolidated under the 2kish mark for almost 2 years and finally out of that range.This is going to catch up for sure and I think that ETHUSD goes to $3k in the coming months. pic.twitter.com/ddX8l2s5Ux— Altcoin Sherpa (@AltcoinSherpa) December 12, 2023The prevailing positive sentiment in the crypto market adds fuel to the optimism regarding Ethereum's trajectory, sparking discussions on whether the ETH rally will sustain with more consecutive green candles or face a retracement amid fluctuating market sentiments. As the crypto space braces for potential market shifts and ETH's continued price action, the next moves for Ethereum are under close scrutiny, leaving investors to ponder: Will you buy before it rallies to $3k#ethupdates #dyor

Ethereum's Surge to $2,300 Sparks Bullish Market Outlook

This week witnessed a robust surge in Ethereum (ETH), the second-largest digital asset, briefly touching $2,300 and settling at $2,281, flaunting a substantial market cap of $274 billion.Ethereum's price dynamics have been pivotal, consistently probing the $2,300 threshold while facing resistance. With a critical zone spanning $1,934 to $2,160 and held by 5.58 million addresses containing nearly 40 million ETH, the resilience displayed by ETH is notable. The Relative Strength Index (RSI) hovering around the 60 levels signals upward momentum, painting a positive picture for the bulls.Nevertheless, the market remains vigilant for potential downtrends, closely monitoring support levels at $2,050 and $2,100. A breach beneath these levels could trigger a shift in market sentiment, potentially leading to ETH's descent to $1,531 or $1,369.Despite the current optimism in Ethereum's price performance, investors approach the situation with caution. The prevailing strategy revolves around seizing opportunities amid market downturns, emphasizing the belief that volatility breeds potential.FTX and Celsius Network Trigger Market Waves with Significant ETH TransfersIn a synchronized move, financially troubled crypto firms FTX and Celsius Network created ripples in the market through substantial ETH transactions. Celsius Network, notably, orchestrated sizable ETH deposits, channeling 7,500 ETH (equivalent to $17.4 million) to FalconX and another substantial 25,000 ETH (with a value of $57 million) to FalconX and Coinbase within the past week.FTX also made a notable entrance into the scene, initiating a significant move by transferring 1,593 ETH (worth $3.66 million) to an address marked 0xCeF, suggesting a potential ETH deposit to Coinbase in the near future. These strategic transactions by both entities reflect their calculated responses to Ethereum's market dynamics, keenly observed by investors for insights into future market trends.Amidst Market Volatility, Can Ethereum Achieve $3,000?Despite recent market fluctuations, Ethereum's daily chart paints an optimistic picture with a promising green candle, hinting at potential price growth. Crypto analysts, including Altcoin Sherpa, speculate that the current situation might present an opportune moment to acquire Ethereum ahead of an anticipated rally. Some even forecast Ethereum reaching $3,000 in the imminent uptrend.$ETH : I still think that #Ethereum is 1 of the easiest trades you can take. It consolidated under the 2kish mark for almost 2 years and finally out of that range.This is going to catch up for sure and I think that ETHUSD goes to $3k in the coming months. pic.twitter.com/ddX8l2s5Ux— Altcoin Sherpa (@AltcoinSherpa) December 12, 2023The prevailing positive sentiment in the crypto market adds fuel to the optimism regarding Ethereum's trajectory, sparking discussions on whether the ETH rally will sustain with more consecutive green candles or face a retracement amid fluctuating market sentiments. As the crypto space braces for potential market shifts and ETH's continued price action, the next moves for Ethereum are under close scrutiny, leaving investors to ponder: Will you buy before it rallies to $3k#ethupdates #dyor
🚀Ethereum Targets $2,500 Amid Solana's Pause: Crypto Market Update As the year winds down, the crypto landscape sees Ethereum (ETH) eyeing a significant milestone while its Layer 1 counterpart, Solana (SOL), takes a breath. Here's the latest: 📈 Ethereum's Ascent: Ethereum's price is poised for a bullish continuation, supported by various technical indicators signaling upside potential. With momentum on its side, ETH could surge by almost 7%, targeting the $2,500 mark. This positive outlook is fueled by a pending buy signal and increasing momentum. 🔍 Critical Levels and Caution: Critical to this bullish thesis is the need for ETH to maintain above the crucial support at $2,147. A break and close below this level could invalidate the upward trend, emphasizing the importance of monitoring key support levels. 🔄 Solana's Correction: In contrast, Solana (SOL) appears to be undergoing a correction after a prolonged period of being overbought. Technical indicators suggest a potential dip in the SOL price, marking a pause after a robust fourth quarter. 🌐 Solana and Ethereum Coexistence: Interestingly, Solana founder Anatoly Yakovenko envisions a future where Solana and Ethereum coexist. He advocates discarding the narrative that one ecosystem must dominate the other, fostering a collaborative approach. 📊 Technical Insights: Ethereum (ETH) is displaying strength, supported by the Relative Strength Index (RSI) and Awesome Oscillators (AO) indicators. Solana (SOL) is experiencing a breather after a substantial surge, with indicators pointing to a potential dip in its price. 🔮 Future Possibilities: The crypto community eagerly watches as Ethereum shines, potentially reaching $2,500, while Solana takes a temporary pause. The dynamic interplay between these two giants in the Layer 1 space adds intrigue to the crypto narrative. 📈 Stay Tuned for Real-time Market Updates! Follow The Defidraft for the Latest Crypto Insights. 🚀 #ethupdates #ETH2024 #crypto #cryptocurrency #crypto2023
🚀Ethereum Targets $2,500 Amid Solana's Pause: Crypto Market Update

As the year winds down, the crypto landscape sees Ethereum (ETH) eyeing a significant milestone while its Layer 1 counterpart, Solana (SOL), takes a breath. Here's the latest:

📈 Ethereum's Ascent:

Ethereum's price is poised for a bullish continuation, supported by various technical indicators signaling upside potential. With momentum on its side, ETH could surge by almost 7%, targeting the $2,500 mark. This positive outlook is fueled by a pending buy signal and increasing momentum.

🔍 Critical Levels and Caution:

Critical to this bullish thesis is the need for ETH to maintain above the crucial support at $2,147. A break and close below this level could invalidate the upward trend, emphasizing the importance of monitoring key support levels.

🔄 Solana's Correction:

In contrast, Solana (SOL) appears to be undergoing a correction after a prolonged period of being overbought. Technical indicators suggest a potential dip in the SOL price, marking a pause after a robust fourth quarter.

🌐 Solana and Ethereum Coexistence:

Interestingly, Solana founder Anatoly Yakovenko envisions a future where Solana and Ethereum coexist. He advocates discarding the narrative that one ecosystem must dominate the other, fostering a collaborative approach.

📊 Technical Insights:

Ethereum (ETH) is displaying strength, supported by the Relative Strength Index (RSI) and Awesome Oscillators (AO) indicators.

Solana (SOL) is experiencing a breather after a substantial surge, with indicators pointing to a potential dip in its price.

🔮 Future Possibilities:

The crypto community eagerly watches as Ethereum shines, potentially reaching $2,500, while Solana takes a temporary pause. The dynamic interplay between these two giants in the Layer 1 space adds intrigue to the crypto narrative.

📈 Stay Tuned for Real-time Market Updates! Follow The Defidraft for the Latest Crypto Insights. 🚀

#ethupdates #ETH2024 #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
📢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 Defidraft for the latest trends and analyses in the crypto space. Let's navigate the future together! 🌐 #EthereumWhales #ethupdates #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 Defidraft for the latest trends and analyses in the crypto space. Let's navigate the future together! 🌐

#EthereumWhales #ethupdates #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 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 Blockopedia. Stay informed!

#ethupdates #EthereumWhales #crypto #cryptocurrency #crypto2023
Cryptochartcraft
--
Alcista
$ETH Analysis

Monthly, weekly, daily trend is bullish and in lower time frame is bearish

Support (1) 2100

Support (2) 1670

Resistance(1) 2470

Resistance (2) 2700

Ethereum is retracting from resistance and on monthly time frame market is trading in the bullish channel first support is 2100. There are 50% chances that market will go up from here but some time market will go deep if this support break then next resistance is1670. over all trend is bullish . I recommend to spot trader dca to every dip and first portion is buy at 2100 and second at 1670. Every dip is good for longterm traders they can buy more and be rich
#btc #ethupdates #ethereum #BinanceTournament #SATS
🚀 JPMorgan's Bold Prediction: Ethereum to Outshine Bitcoin in 2024! JPMorgan analysts foresee a significant shift in the crypto landscape, predicting that Ethereum (ETH) will outperform Bitcoin (BTC) in 2024. Here are the key insights: 🌐 Network Upgrades and Protodanksharding: Ethereum's Winning Formula JPMorgan dismisses the hype around Bitcoin ETFs and the upcoming halving, emphasizing that Ethereum's potential lies in its Protodanksharding (EIP-4844) upgrade. Expected in April, this marks a crucial step towards the implementation of "danksharding," a scaling technique set to enhance Ethereum's layer 2 networks, offering increased transaction throughput and reduced fees. 🚀 Bolstering Ethereum's Comeback The bank believes that Protodanksharding will reinvigorate Ethereum after a period of relative underperformance. Despite the revival of DeFi and NFTs on other networks, Ethereum's activity has seen a lull since the Shanghai upgrade in April. 💡 Bitcoin's Challenges: Overbought Levels and Priced-In Halving JPMorgan challenges the prevailing optimism around Bitcoin, suggesting that the overbought levels reminiscent of 2021 are driven by excessive expectations for SEC approval of spot Bitcoin ETFs. ⛏️ Halving and Production Cost: Already Factored In Addressing the much-anticipated Bitcoin halving in April, JPMorgan argues that the event's impact is already reflected in the current cost of BTC production for miners. The ratio of the bitcoin price to production cost suggests that the 2024 halving is largely priced in. 📈 Market Trends: BTC vs. ETH By year-to-date price action, BTC has surged by 158%, outperforming ETH, which is up 90%. However, JPMorgan predicts a shift, asserting that Ethereum's technical upgrades will position it as the frontrunner in 2024. 🚀 Stay Ahead of the Crypto Curve: Follow The Blockopedia for Real-time Updates! #ethupdates #EthereumRally #crypto #cryptocurrency #crypto2023
🚀 JPMorgan's Bold Prediction: Ethereum to Outshine Bitcoin in 2024!

JPMorgan analysts foresee a significant shift in the crypto landscape, predicting that Ethereum (ETH) will outperform Bitcoin (BTC) in 2024. Here are the key insights:

🌐 Network Upgrades and Protodanksharding: Ethereum's Winning Formula

JPMorgan dismisses the hype around Bitcoin ETFs and the upcoming halving, emphasizing that Ethereum's potential lies in its Protodanksharding (EIP-4844) upgrade. Expected in April, this marks a crucial step towards the implementation of "danksharding," a scaling technique set to enhance Ethereum's layer 2 networks, offering increased transaction throughput and reduced fees.

🚀 Bolstering Ethereum's Comeback

The bank believes that Protodanksharding will reinvigorate Ethereum after a period of relative underperformance. Despite the revival of DeFi and NFTs on other networks, Ethereum's activity has seen a lull since the Shanghai upgrade in April.

💡 Bitcoin's Challenges: Overbought Levels and Priced-In Halving
JPMorgan challenges the prevailing optimism around Bitcoin, suggesting that the overbought levels reminiscent of 2021 are driven by excessive expectations for SEC approval of spot Bitcoin ETFs.

⛏️ Halving and Production Cost: Already Factored In
Addressing the much-anticipated Bitcoin halving in April, JPMorgan argues that the event's impact is already reflected in the current cost of BTC production for miners. The ratio of the bitcoin price to production cost suggests that the 2024 halving is largely priced in.

📈 Market Trends: BTC vs. ETH

By year-to-date price action, BTC has surged by 158%, outperforming ETH, which is up 90%. However, JPMorgan predicts a shift, asserting that Ethereum's technical upgrades will position it as the frontrunner in 2024.

🚀 Stay Ahead of the Crypto Curve: Follow The Blockopedia for Real-time Updates!

#ethupdates #EthereumRally #crypto #cryptocurrency #crypto2023
$ETH Etherum Update#ethupdates #ETH is been also made a push with Market pump and given a close above the strong Resistance area. Well, we can see push in continues till next Strong Resistance zone at $2400. In between you can see minor pullbacks, which can be a tradable opportunity... "Note: If you find my post helpful, please follow my Binance feed for more updates and consider giving it a like."🚀✨✨ Not financial advice dyor before investing in any projects.
$ETH Etherum Update#ethupdates

#ETH is been also made a push with Market pump and given a close above the strong Resistance area. Well, we can see push in continues till next Strong Resistance zone at $2400. In between you can see minor pullbacks, which can be a tradable opportunity...

"Note: If you find my post helpful, please follow my Binance feed for more updates and consider giving it a like."🚀✨✨

Not financial advice dyor before investing in any projects.
Ethereum: Here’s How to Be a Millionaire When ETH Hits $3,000 Ethereum (ETH), the second-largest crypto by market cap, has surged by over 87% since the beginning of the year. Although the growth is commendable, ETH’s rise in 2023 is overshadowed by Solana’s (SOL) over 500% growth and Bitcoin’s (BTC) over 150% growth in the same time frame. Nonetheless, analysts anticipate the asset to rally to new highs in the next bull run.ETH is currently up 3% in the daily charts and 0.9% in the last week. Moreover, the token’s price has surged by over 14% over the previous month.Source: CoinGeckoDespite the healthy rise in 2023, ETH is still down by over 50% from its all-time high of $4,878.26, which it attained on Nov. 10, 2021.How to be a millionaire when Ethereum (ETH) hits $3000?Reaching $3000 from current levels amounts to a growth of about 33%. To have a million dollars worth of Ethereum at $3000, you would need around 333.33 ETH tokens. The cost of 333.33 ETH at current prices is about $747,333.However, if ETH reaches its all-time high of $4878.26, the same investment would be worth around $1,626,000 ($1.62 million).Now, the question is whether Ethereum (ETH) will reach its all-time high again or not. The short answer is yes. There is a high chance of ETH not only hitting but surpassing its previous all-time peak.According to Changelly, Ethereum (ETH) could surpass its all-time high by 2025. According to the platform, ETH could hit a maximum price of $5,930.32 in 2025.However, if the crypto markets enter a bull run in 2024, fueled by a spot Bitcoin (BTC) ETF (Exchange Traded Fund), Ethereum could hit a new all-time high much sooner, making some holders millionaires. All significant cryptocurrencies may hit new peaks if the SEC (Securities and Exchange Commission) approves one or more spot BTC ETF applications.#EthereumRally #ethupdates

Ethereum: Here’s How to Be a Millionaire When ETH Hits $3,000

Ethereum (ETH), the second-largest crypto by market cap, has surged by over 87% since the beginning of the year. Although the growth is commendable, ETH’s rise in 2023 is overshadowed by Solana’s (SOL) over 500% growth and Bitcoin’s (BTC) over 150% growth in the same time frame. Nonetheless, analysts anticipate the asset to rally to new highs in the next bull run.ETH is currently up 3% in the daily charts and 0.9% in the last week. Moreover, the token’s price has surged by over 14% over the previous month.Source: CoinGeckoDespite the healthy rise in 2023, ETH is still down by over 50% from its all-time high of $4,878.26, which it attained on Nov. 10, 2021.How to be a millionaire when Ethereum (ETH) hits $3000?Reaching $3000 from current levels amounts to a growth of about 33%. To have a million dollars worth of Ethereum at $3000, you would need around 333.33 ETH tokens. The cost of 333.33 ETH at current prices is about $747,333.However, if ETH reaches its all-time high of $4878.26, the same investment would be worth around $1,626,000 ($1.62 million).Now, the question is whether Ethereum (ETH) will reach its all-time high again or not. The short answer is yes. There is a high chance of ETH not only hitting but surpassing its previous all-time peak.According to Changelly, Ethereum (ETH) could surpass its all-time high by 2025. According to the platform, ETH could hit a maximum price of $5,930.32 in 2025.However, if the crypto markets enter a bull run in 2024, fueled by a spot Bitcoin (BTC) ETF (Exchange Traded Fund), Ethereum could hit a new all-time high much sooner, making some holders millionaires. All significant cryptocurrencies may hit new peaks if the SEC (Securities and Exchange Commission) approves one or more spot BTC ETF applications.#EthereumRally #ethupdates
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
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
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