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Ethereum (ETH) Flashes Warning Signs: Should Traders Brace?
Key Takeaways:
Ethereum started a fresh decline from the $2,750 resistance zone.
ETH/USD traded below a connecting bullish trend line, with support at $2,420 on the daily chart.
The price must stay above $2,300 to start a fresh upward move toward $2,700.
Ethereum price prediction
Ethereum (ETH) rally is slowing down above $2,500 level. The bulls must protect $2,300 to avoid a major decline in the near term.
Ethereum Price Approaches Key Breakdown Support
After Ethereum price failed to surpass the $2,750 and $2,800 resistance levels, there was a bearish reaction like Bitcoin. Initially, it looked like a downside correction below the $2,650 and $2,620 support levels. However, the bears seem to be now having an upper hand below $2,500.
Ethereum price daily chart | Source: ETH/USD on TradingView.com
ETH traded below a connecting bullish trend line with support at $2,420 on the daily chart. It even traded close to the key support at $2,300 and settled below the 50-day simple moving average (blue).
Ethereum is now showing a few bearish signs below $2,400 and the 50-day simple moving average (blue). A low was formed at $2,315 and the price is now consolidating losses.
There was a minor recovery wave above the $2,400 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $2,732 swing high to the $2,315 low. However, the bears seem to be active near the $2,500 resistance and the 50-day simple moving average (blue).
On the upside, the price could face resistance near the $2,400 level. The first major resistance sits near the $2,500 pivot level. The next resistance is near the $2,520 level and the 50% Fib retracement level of the downward move from the $2,732 swing high to the $2,315 low.
A clear move above the $2,520 level could open the doors for a move toward the $2,620 level or even $2,650. The main hurdle is still near the $2,750 and $2,800 levels. On the daily chart, a key bearish trend line is forming, with resistance at $2,850.
If ETH bulls push the price above the $2,850 resistance, there could be a strong increase. The price could rise toward the $3,250 level in the stated case.
More Downsides In ETH?
Conversely, Ethereum might struggle to recover further above the $2,420 resistance or $2,500. Immediate support is near the $2,340 level, and the first major support sits near the $2,300 level. A daily close below the $2,300 level might send ETH toward the $2,150 support.
If the bulls fail to defend the $2,150 support, ETH might decline below the $2,000 handle. The next major support is near the $1,880 level.
Overall, Ethereum price is struggling to settle above $2,500. If ETH dives below $2,300, there could be a larger decline toward $2,150 or even $1,880 in the coming weeks.
The post Ethereum (ETH) Flashes Warning Signs: Should Traders Brace? appeared first on CoinChapter.
Ethereum started a fresh decline from the $2,750 resistance zone.
ETH/USD traded below a connecting bullish trend line, with support at $2,420 on the daily chart.
The price must stay above $2,300 to start a fresh upward move toward $2,700.
Ethereum price prediction
Ethereum (ETH) rally is slowing down above $2,500 level. The bulls must protect $2,300 to avoid a major decline in the near term.
Ethereum Price Approaches Key Breakdown Support
After Ethereum price failed to surpass the $2,750 and $2,800 resistance levels, there was a bearish reaction like Bitcoin. Initially, it looked like a downside correction below the $2,650 and $2,620 support levels. However, the bears seem to be now having an upper hand below $2,500.
Ethereum price daily chart | Source: ETH/USD on TradingView.com
ETH traded below a connecting bullish trend line with support at $2,420 on the daily chart. It even traded close to the key support at $2,300 and settled below the 50-day simple moving average (blue).
Ethereum is now showing a few bearish signs below $2,400 and the 50-day simple moving average (blue). A low was formed at $2,315 and the price is now consolidating losses.
There was a minor recovery wave above the $2,400 level. The price climbed above the 23.6% Fib retracement level of the downward move from the $2,732 swing high to the $2,315 low. However, the bears seem to be active near the $2,500 resistance and the 50-day simple moving average (blue).
On the upside, the price could face resistance near the $2,400 level. The first major resistance sits near the $2,500 pivot level. The next resistance is near the $2,520 level and the 50% Fib retracement level of the downward move from the $2,732 swing high to the $2,315 low.
A clear move above the $2,520 level could open the doors for a move toward the $2,620 level or even $2,650. The main hurdle is still near the $2,750 and $2,800 levels. On the daily chart, a key bearish trend line is forming, with resistance at $2,850.
If ETH bulls push the price above the $2,850 resistance, there could be a strong increase. The price could rise toward the $3,250 level in the stated case.
More Downsides In ETH?
Conversely, Ethereum might struggle to recover further above the $2,420 resistance or $2,500. Immediate support is near the $2,340 level, and the first major support sits near the $2,300 level. A daily close below the $2,300 level might send ETH toward the $2,150 support.
If the bulls fail to defend the $2,150 support, ETH might decline below the $2,000 handle. The next major support is near the $1,880 level.
Overall, Ethereum price is struggling to settle above $2,500. If ETH dives below $2,300, there could be a larger decline toward $2,150 or even $1,880 in the coming weeks.
The post Ethereum (ETH) Flashes Warning Signs: Should Traders Brace? appeared first on CoinChapter.
Vitalik Buterin Sells DOG for 14.951 ETH
According to BlockBeats, on October 15, Ethereum co-founder Vitalik Buterin sold DOG tokens and exchanged them for 14.951 ETH, as monitored by Zerion.
What If You Had Invested $50 in Ethereum (ETH) in January 2024? Here's How Much It Would Be Today?
If you had invested $50 in Ethereum (ETH) at the beginning of January 2024, when the price was around $1,200, and held onto it until mid-October 2024, with #ETH now trading at approximately $2,630, you would have seen a significant return. Based on these figures,
Your initial investment would have grown to approximately $109.58. This means a profit of about $59.58, almost doubling your money in less than a year.
Ethereum's strong performance in 2024 has been driven by factors such as institutional adoption, developments in decentralized finance (DeFi), and anticipation around Ethereum-based ETFs. However, it’s important to note that the cryptocurrency market is volatile, and price fluctuations are common. Over the past months, Ethereum's price surged from $1,200 in January to the current levels of over $2,600, marking substantial growth. #ETH
While your return would be impressive, the potential for losses is always present in crypto markets, so timing plays a crucial role in maximizing gains. Holding longer could yield further growth, but the market remains unpredictable$ETH
Your initial investment would have grown to approximately $109.58. This means a profit of about $59.58, almost doubling your money in less than a year.
Ethereum's strong performance in 2024 has been driven by factors such as institutional adoption, developments in decentralized finance (DeFi), and anticipation around Ethereum-based ETFs. However, it’s important to note that the cryptocurrency market is volatile, and price fluctuations are common. Over the past months, Ethereum's price surged from $1,200 in January to the current levels of over $2,600, marking substantial growth. #ETH
While your return would be impressive, the potential for losses is always present in crypto markets, so timing plays a crucial role in maximizing gains. Holding longer could yield further growth, but the market remains unpredictable$ETH
Ethereum Price Prediction: ETH Price Poised to Hit $6000 but Here’s a Twist!
The post Ethereum Price Prediction: ETH Price Poised to Hit $6000 But Here’s a Twist! appeared first on Coinpedia Fintech News
The beginning of the fresh weekly trade has flipped the market sentiments, which were buried under a strong bearish influence. The Ethereum price has also flipped from the interim support and at each dip, the second-largest token has been offering a good buying opportunity. Presently, the price has surged above $2500 and although the upper targets remain largely distinct, the bulls carry enough momentum to maintain a strong bullish trend for the rest of the month.
The ETH price has printed a massive bullish candle of nearly 5% in the past 24 hours and nearly 10% from the interim lows. With this, the token has confirmed a double-bottom pattern and may reach the neckline around $2,680 in the next few days. As the technicals are in bullish favour, rising above these levels should not be a tedious task. But the question arises: whether the Ethereum price will make it to $3000 in October?
With the price rising above $2500, the token has entered a break-even zone. As per the data from Intotheblock, a large number of addresses have been stuck within this range.
The above chart suggests that nearly 5.84% of addresses have entered a break-even range between $2,509 and $2,987, meaning they are neither in profit nor loss. Therefore, they tend to remain calm and wait for the next price action. Moreover, a rise beyond $3000 may turn all these addresses into profits, while a plunge below the current levels may turn them into losses. Therefore, the day’s close and the next couple of days could be extremely important, as a sustained rise above $3000 could prevent the token from being under loss.
So what’s next? Will the ETH price rise above $3000 or face rejection & reach $2200?
The short-term chart suggests more volatility is required for the token to trigger a strong price action. But in the long-term, the price is trying to replicate a previous pattern that elevated the levels from $1550 to levels beyond $4000 in Q3 2023. Therefore, if a similar rebound is triggered, the price is believed to rise and form a new ATH.
The chart shared by a popular analyst, ALI, suggests the current rebound resembles the previous one. Hence the analyst predicts a new ATH could be around $6000 if the price follows a similar price action.
“Every bounce off this channel’s lower boundary has historically led to an average 130% price increase for Ethereum.
If this pattern holds, a similar move could push ETH to $6000, provided the key $2300 support level stays intact,”
The beginning of the fresh weekly trade has flipped the market sentiments, which were buried under a strong bearish influence. The Ethereum price has also flipped from the interim support and at each dip, the second-largest token has been offering a good buying opportunity. Presently, the price has surged above $2500 and although the upper targets remain largely distinct, the bulls carry enough momentum to maintain a strong bullish trend for the rest of the month.
The ETH price has printed a massive bullish candle of nearly 5% in the past 24 hours and nearly 10% from the interim lows. With this, the token has confirmed a double-bottom pattern and may reach the neckline around $2,680 in the next few days. As the technicals are in bullish favour, rising above these levels should not be a tedious task. But the question arises: whether the Ethereum price will make it to $3000 in October?
With the price rising above $2500, the token has entered a break-even zone. As per the data from Intotheblock, a large number of addresses have been stuck within this range.
The above chart suggests that nearly 5.84% of addresses have entered a break-even range between $2,509 and $2,987, meaning they are neither in profit nor loss. Therefore, they tend to remain calm and wait for the next price action. Moreover, a rise beyond $3000 may turn all these addresses into profits, while a plunge below the current levels may turn them into losses. Therefore, the day’s close and the next couple of days could be extremely important, as a sustained rise above $3000 could prevent the token from being under loss.
So what’s next? Will the ETH price rise above $3000 or face rejection & reach $2200?
The short-term chart suggests more volatility is required for the token to trigger a strong price action. But in the long-term, the price is trying to replicate a previous pattern that elevated the levels from $1550 to levels beyond $4000 in Q3 2023. Therefore, if a similar rebound is triggered, the price is believed to rise and form a new ATH.
The chart shared by a popular analyst, ALI, suggests the current rebound resembles the previous one. Hence the analyst predicts a new ATH could be around $6000 if the price follows a similar price action.
“Every bounce off this channel’s lower boundary has historically led to an average 130% price increase for Ethereum.
If this pattern holds, a similar move could push ETH to $6000, provided the key $2300 support level stays intact,”
Ethereum Price Prediction: Standard Chartered Puts ETH At $10,000 Despite Market Panic, but Rival...
Recently, Standard Chartered unveiled an Ethereum price prediction that has attracted attention in the crypto market. Despite the current market downturns and price volatility, Standard Chartered has given Ethereum a new price target of $10,000, expecting it to surge to this level with the upcoming United States (US) Presidential elections. On the flip side, this rival ETFSwap (ETFS) is rumored to be a better investment choice than Ethereum (ETH), offering a more affordable presale price of $0.03846 as analysts predict a mega 10,000% surge soon.
Standard Chartered Shakes The Altcoin Market With New Ethereum Price Prediction
British multinational bank, Standard Chartered, has released a bold Ethereum price prediction, forecasting that Ethereum (ETH) could surge to $10,000 if Donald Trump wins the upcoming US presidential election. Geoffrey Kendrick, the head of crypto research in Standard Chartered, believes that a Trump administration would positively influence the digital asset market, particularly for Ethereum (ETH).
Just as political changes historically impact leading cryptocurrencies, Ethereum (ETH) could potentially outperform Bitcoin, reaching new all-time highs, Kendrick said. Standard Chartered also hinted that Trump’s policies might provide the crypto market with favorable conditions, hence his optimistic Ethereum price prediction.
Considering this new Ethereum price prediction by Standard Chartered, investors are on their toes, watching to see if the cryptocurrency will catch up to the bullish Ethereum price prediction. As of writing, the price of Ethereum (ETH) is trading at $2,390, marking a 2.13% decline in the last 24 hours. Despite the lofty $10,000 Ethereum price prediction by Standard Chartered, many investors maintain caution and are instead purchasing the rival ETFSwap (ETFS) altcoin to secure potential gains.
ETFSwap (ETFS) Beta Platform Sets Stage For A Massive Adoption
ETFSwap (ETFS) is an innovative platform which has combined the principles of the DeFi landscape and TradFi sector to develop a more sustainable approach to trading tokenized ETFs. This platform is based on the Ethereum (ETH) network, as such, its native token, ETFS, has been viewed as a major rival to Ethereum (ETH).
As a decentralized trading platform, ETFSwap (ETFS) is ushering investors and traders into its highly secure platform where they can swap, purchase and trade institutional grade ETF. This platform offers users 24/7 access to the multi trillionaire ETF market, eliminating the need for KYC checks during trades.
In terms of security, ETFSwap (ETFS) employs robust privacy and protection features to safeguard users from malicious attacks and protect their anonymity. Its powerful infrastructure and security can be verified easily by the results of its smart contract audit by CyberScope, a leading blockchain audit firm. The team behind the ETFSwap (ETFS) platform has also completed a KYC verification process with SolidProof, showcasing its network transparency and reliability.
By trading ETFs on ETFSwap’s exclusive platform, users will be able to potentially boost their trading returns and augment their performance. For example, ETFSwap (ETFS) offers top-notch trading features such as personalized ETF trading strategies, a 50X trading power across all listed ETFs, an 87% APR yield, and more. Token holders also get to explore newly-listed ETFs, lower transaction fees, a 36% passive income, automatic monthly token airdrops, etc.
In the next few weeks, ETFSwap’s beta platform will officially launch, allowing investors to stake their tokens for rewards and also access its wide liquidity pool. Investors will also be able to buy and sell tokenized ETFs, track their live prices and more. In the phase 2 of the beta platform, ETFSwap (ETFS) will provide access to its AI-powered trading tools including an ETF screener and ETF filters.
Currently, ETFSwap (ETFS) has sold over 600 million tokens in its ongoing presale and raised over 5 million in revenue. With its native altcoin set to rival Ethereum (ETH), investors are flooding its presale to acquire tokens at a significantly lower price of $0.03846.
Conclusion
The ETFSwap (ETFS) native token, ETFS is poised to rise by over 108X following the launch of its own ETF by 2025. Its beta platform launch is speculated to drive massive adoption and its price to new all time highs. In light of this, investors are urged to take advantage of its presale to potentially maximize gains.
For more information about the ETFS Presale:
Visit ETFSwap Presale
Join The ETFSwap Community
Disclaimer and Risk Warning
This article is a sponsored press release and is for informational purposes only. Crypto News Land does not endorse or is responsible for any content, quality, products, advertising, products, accuracy or any other materials on this article. This content does not reflect the views of Crypto News Land, nor is it intended to be used for legal, tax, investment, or financial advice. Crypto News Land will not be held responsible for image copyright matters. Readers are advised to always do your own research before making any significant decisions.
The post Ethereum Price Prediction: Standard Chartered Puts ETH At $10,000 Despite Market Panic, But Rival ETFSwap Is Better At Low $0.03846 Price appeared first on Crypto News Land.
Standard Chartered Shakes The Altcoin Market With New Ethereum Price Prediction
British multinational bank, Standard Chartered, has released a bold Ethereum price prediction, forecasting that Ethereum (ETH) could surge to $10,000 if Donald Trump wins the upcoming US presidential election. Geoffrey Kendrick, the head of crypto research in Standard Chartered, believes that a Trump administration would positively influence the digital asset market, particularly for Ethereum (ETH).
Just as political changes historically impact leading cryptocurrencies, Ethereum (ETH) could potentially outperform Bitcoin, reaching new all-time highs, Kendrick said. Standard Chartered also hinted that Trump’s policies might provide the crypto market with favorable conditions, hence his optimistic Ethereum price prediction.
Considering this new Ethereum price prediction by Standard Chartered, investors are on their toes, watching to see if the cryptocurrency will catch up to the bullish Ethereum price prediction. As of writing, the price of Ethereum (ETH) is trading at $2,390, marking a 2.13% decline in the last 24 hours. Despite the lofty $10,000 Ethereum price prediction by Standard Chartered, many investors maintain caution and are instead purchasing the rival ETFSwap (ETFS) altcoin to secure potential gains.
ETFSwap (ETFS) Beta Platform Sets Stage For A Massive Adoption
ETFSwap (ETFS) is an innovative platform which has combined the principles of the DeFi landscape and TradFi sector to develop a more sustainable approach to trading tokenized ETFs. This platform is based on the Ethereum (ETH) network, as such, its native token, ETFS, has been viewed as a major rival to Ethereum (ETH).
As a decentralized trading platform, ETFSwap (ETFS) is ushering investors and traders into its highly secure platform where they can swap, purchase and trade institutional grade ETF. This platform offers users 24/7 access to the multi trillionaire ETF market, eliminating the need for KYC checks during trades.
In terms of security, ETFSwap (ETFS) employs robust privacy and protection features to safeguard users from malicious attacks and protect their anonymity. Its powerful infrastructure and security can be verified easily by the results of its smart contract audit by CyberScope, a leading blockchain audit firm. The team behind the ETFSwap (ETFS) platform has also completed a KYC verification process with SolidProof, showcasing its network transparency and reliability.
By trading ETFs on ETFSwap’s exclusive platform, users will be able to potentially boost their trading returns and augment their performance. For example, ETFSwap (ETFS) offers top-notch trading features such as personalized ETF trading strategies, a 50X trading power across all listed ETFs, an 87% APR yield, and more. Token holders also get to explore newly-listed ETFs, lower transaction fees, a 36% passive income, automatic monthly token airdrops, etc.
In the next few weeks, ETFSwap’s beta platform will officially launch, allowing investors to stake their tokens for rewards and also access its wide liquidity pool. Investors will also be able to buy and sell tokenized ETFs, track their live prices and more. In the phase 2 of the beta platform, ETFSwap (ETFS) will provide access to its AI-powered trading tools including an ETF screener and ETF filters.
Currently, ETFSwap (ETFS) has sold over 600 million tokens in its ongoing presale and raised over 5 million in revenue. With its native altcoin set to rival Ethereum (ETH), investors are flooding its presale to acquire tokens at a significantly lower price of $0.03846.
Conclusion
The ETFSwap (ETFS) native token, ETFS is poised to rise by over 108X following the launch of its own ETF by 2025. Its beta platform launch is speculated to drive massive adoption and its price to new all time highs. In light of this, investors are urged to take advantage of its presale to potentially maximize gains.
For more information about the ETFS Presale:
Visit ETFSwap Presale
Join The ETFSwap Community
Disclaimer and Risk Warning
This article is a sponsored press release and is for informational purposes only. Crypto News Land does not endorse or is responsible for any content, quality, products, advertising, products, accuracy or any other materials on this article. This content does not reflect the views of Crypto News Land, nor is it intended to be used for legal, tax, investment, or financial advice. Crypto News Land will not be held responsible for image copyright matters. Readers are advised to always do your own research before making any significant decisions.
The post Ethereum Price Prediction: Standard Chartered Puts ETH At $10,000 Despite Market Panic, But Rival ETFSwap Is Better At Low $0.03846 Price appeared first on Crypto News Land.
Why Ethereum (ETH) Might Underperform in the 2025 Market Rally and Top ETH Alternative That Can S...
Ethereum (ETH) may lose its upward trend in the approach to the 2025 market rally due to several reasons including scalability challenges, high gas costs, and withdrawal rate owing to new seeking alternatives.However, a new token and also a top altcoin to ETH, Rexas Finance, suggests good growth opportunities and protection of the portfolio, thus making it necessary for the investors to make some adjustments in their concentration.
Ethereum’s Struggles: Why ETH May Falter In The 2025 Market Rally
With Ethereum (ETH) hovering at around $2,438.39, the perspective on its performance in the 2025 market is surrounded by numerous challenges that range from structural issues within the network, the rising intra-network fees, which lowered to $3.1 million the lowest in over four years, bringing criticisms about its payback mechanism and lessening the usefulness of layer two solutions, and poor market sentiments.Furthermore, net outflows of $47 million within two weeks after the launch of newly issued spot exchange-traded funds (ETFs) suggest a very compromised risk sentiment among market participants. With only 3.2% in staking rewards that feel much less than investment returns from government bonds of the US, there is a likelihood that many will turn away from riskier assets as the US rate cuts become a real prospect for the Federal Reserve In addition, these elements suggest that ETH will not be able to exceed the performance of the overall cryptocurrency market in the new surge.
The Next Frontier: Rexas Finance is Set to Outshine Ethereum
Rexas Finance (RXS) is rapidly emerging as a strong competitor to Ethereum, attracting seasoned investors seeking greater growth opportunities in lesser-known altcoins. By focusing on innovative digital asset management and offering groundbreaking presale conditions, RXS is poised to surpass Ethereum through its comprehensive ecosystem designed for efficient digital asset management, including the tokenization of real estate.Furthermore, its ability to create NFTs with lower transaction fees enhances its appeal to creators and collectors, positioning Rexas Finance as an attractive alternative in a crowded market. As investors pivot toward promising projects, RXS stands out as a potential game-changer in the crypto space.
Rexas Finance (RXS) Presale: A Clear Indicator of Future Success
Rexas Finance (RXS) has been creating a stir within the crypto ecosystem, and the AI-based investors' presale is a testament to its growth potential. The first stage of the presale was completed in less than three days, welcome, and quite an impressive sum of $450,000 indicating strong support of trust by the investors. Stage two continued this growth, with 20 million tokens allocated at $0.04, raising an additional $1.25 million.After stage three, the token was sold for $0.060 with the whole of the 65 million tokens of Rexas sold out raising over $2.7 million. This rapid growth signals that Rexas Finance is on track for an explosive launch, with a projected listing price of $0.20. Early investors stand to gain significantly, with the potential for a 6x return as demand continues to surge. Rexas Finance is positioned for success, making it a project to watch in the coming months.
Why Rexas Finance is the Ultimate Alternative to Ethereum for Smart Investors
Rexas Finance (RXS) is emerging as the top alternative to safeguard and enhance your investment portfolio by simplifying access to real-world assets (RWA) akin to purchasing cryptocurrencies. This innovative platform allows users to invest in high-value assets in fractional form, removing tedious paperwork and geographical constraints. Currently surging through its presale phases, RXS has skyrocketed by 69.2% from stage one to stage four, with projections suggesting a staggering 300% increase at $0.20 and a potential 7400% rise by early 2025. As awareness of the benefits of fractional ownership grows, demand for RXS is expected to soar, making early investment crucial. With over 50 million RSX tokens sold at $0.50 in stage three and an enticing $1 million giveaway to celebrate the launch, Rexas Finance offers a compelling opportunity for savvy investors looking to diversify and maximize their portfolios.
Conclusion
As the 2025 market rally draws closer, one could never fail to appreciate the fact that Rexas Finance (RXS) is emerging as the best possible alternative to Ethereum (ETH) for all the hyper-growth-oriented investors who are also keen on diversification. RXS is coming up in the market at a time when Ethereum is facing market constraints such as high transaction costs and scaling problems with diminished investor interest. Considering the unique vision of the platform regarding digital components alongside a good presale and great potential opportunities, it certainly is a revolution in the crypto world. With fractional ownership of real-world assets attracting more and more attention from investors, it would be prudent to look for investment prospects in Rexas Finance making it an ideal approach for any investor trying to strategically and effectively place themselves in the forthcoming market rally.
For more information about Rexas Finance (RXS) visit the links below:
Website: https://rexas.com
Win $1 Million Giveaway: https://bit.ly/Rexas1M
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
Disclaimer and Risk Warning
This article is a sponsored press release and is for informational purposes only. Crypto News Land does not endorse or is responsible for any content, quality, products, advertising, products, accuracy or any other materials on this article. This content does not reflect the views of Crypto News Land, nor is it intended to be used for legal, tax, investment, or financial advice. Crypto News Land will not be held responsible for image copyright matters. Readers are advised to always do your own research before making any significant decisions.
The post Why Ethereum (ETH) Might Underperform in the 2025 Market Rally and Top ETH Alternative that can Save Your Portfolio appeared first on Crypto News Land.
Ethereum’s Struggles: Why ETH May Falter In The 2025 Market Rally
With Ethereum (ETH) hovering at around $2,438.39, the perspective on its performance in the 2025 market is surrounded by numerous challenges that range from structural issues within the network, the rising intra-network fees, which lowered to $3.1 million the lowest in over four years, bringing criticisms about its payback mechanism and lessening the usefulness of layer two solutions, and poor market sentiments.Furthermore, net outflows of $47 million within two weeks after the launch of newly issued spot exchange-traded funds (ETFs) suggest a very compromised risk sentiment among market participants. With only 3.2% in staking rewards that feel much less than investment returns from government bonds of the US, there is a likelihood that many will turn away from riskier assets as the US rate cuts become a real prospect for the Federal Reserve In addition, these elements suggest that ETH will not be able to exceed the performance of the overall cryptocurrency market in the new surge.
The Next Frontier: Rexas Finance is Set to Outshine Ethereum
Rexas Finance (RXS) is rapidly emerging as a strong competitor to Ethereum, attracting seasoned investors seeking greater growth opportunities in lesser-known altcoins. By focusing on innovative digital asset management and offering groundbreaking presale conditions, RXS is poised to surpass Ethereum through its comprehensive ecosystem designed for efficient digital asset management, including the tokenization of real estate.Furthermore, its ability to create NFTs with lower transaction fees enhances its appeal to creators and collectors, positioning Rexas Finance as an attractive alternative in a crowded market. As investors pivot toward promising projects, RXS stands out as a potential game-changer in the crypto space.
Rexas Finance (RXS) Presale: A Clear Indicator of Future Success
Rexas Finance (RXS) has been creating a stir within the crypto ecosystem, and the AI-based investors' presale is a testament to its growth potential. The first stage of the presale was completed in less than three days, welcome, and quite an impressive sum of $450,000 indicating strong support of trust by the investors. Stage two continued this growth, with 20 million tokens allocated at $0.04, raising an additional $1.25 million.After stage three, the token was sold for $0.060 with the whole of the 65 million tokens of Rexas sold out raising over $2.7 million. This rapid growth signals that Rexas Finance is on track for an explosive launch, with a projected listing price of $0.20. Early investors stand to gain significantly, with the potential for a 6x return as demand continues to surge. Rexas Finance is positioned for success, making it a project to watch in the coming months.
Why Rexas Finance is the Ultimate Alternative to Ethereum for Smart Investors
Rexas Finance (RXS) is emerging as the top alternative to safeguard and enhance your investment portfolio by simplifying access to real-world assets (RWA) akin to purchasing cryptocurrencies. This innovative platform allows users to invest in high-value assets in fractional form, removing tedious paperwork and geographical constraints. Currently surging through its presale phases, RXS has skyrocketed by 69.2% from stage one to stage four, with projections suggesting a staggering 300% increase at $0.20 and a potential 7400% rise by early 2025. As awareness of the benefits of fractional ownership grows, demand for RXS is expected to soar, making early investment crucial. With over 50 million RSX tokens sold at $0.50 in stage three and an enticing $1 million giveaway to celebrate the launch, Rexas Finance offers a compelling opportunity for savvy investors looking to diversify and maximize their portfolios.
Conclusion
As the 2025 market rally draws closer, one could never fail to appreciate the fact that Rexas Finance (RXS) is emerging as the best possible alternative to Ethereum (ETH) for all the hyper-growth-oriented investors who are also keen on diversification. RXS is coming up in the market at a time when Ethereum is facing market constraints such as high transaction costs and scaling problems with diminished investor interest. Considering the unique vision of the platform regarding digital components alongside a good presale and great potential opportunities, it certainly is a revolution in the crypto world. With fractional ownership of real-world assets attracting more and more attention from investors, it would be prudent to look for investment prospects in Rexas Finance making it an ideal approach for any investor trying to strategically and effectively place themselves in the forthcoming market rally.
For more information about Rexas Finance (RXS) visit the links below:
Website: https://rexas.com
Win $1 Million Giveaway: https://bit.ly/Rexas1M
Whitepaper: https://rexas.com/rexas-whitepaper.pdf
Twitter/X: https://x.com/rexasfinance
Telegram: https://t.me/rexasfinance
Disclaimer and Risk Warning
This article is a sponsored press release and is for informational purposes only. Crypto News Land does not endorse or is responsible for any content, quality, products, advertising, products, accuracy or any other materials on this article. This content does not reflect the views of Crypto News Land, nor is it intended to be used for legal, tax, investment, or financial advice. Crypto News Land will not be held responsible for image copyright matters. Readers are advised to always do your own research before making any significant decisions.
The post Why Ethereum (ETH) Might Underperform in the 2025 Market Rally and Top ETH Alternative that can Save Your Portfolio appeared first on Crypto News Land.
Daram Price Surges 420% to Hit All-Time High
According to Odaily, the price of Daram has surged by 420% in the past 24 hours, reaching a new all-time high. This significant increase follows two endorsements from Ethereum founder Vitalik Buterin. Daram is a meme project that was minted in a free and fair manner. Approximately 42,000 addresses participated, consuming around 200 ETH in gas fees.
Ethereum Trader Profits $2.8 Million in 38 Days
According to BlockBeats, myparagon.eth has sold the remaining 4,802 ETH (worth $12.56 million) 40 minutes ago, achieving a profit of approximately $2.8 million within 38 days.
The trader initially purchased 9,050 ETH on September 7 and September 9 at an average price of $2,293 per ETH, totaling $20.75 million. Subsequently, all ETH was sold on September 30, October 2, and October 15 at an average price of $2,598 per ETH, resulting in the significant profit.
The trader initially purchased 9,050 ETH on September 7 and September 9 at an average price of $2,293 per ETH, totaling $20.75 million. Subsequently, all ETH was sold on September 30, October 2, and October 15 at an average price of $2,598 per ETH, resulting in the significant profit.
Lido Staking Data Shows Slight Increase in TVL and stETH Rate
According to Odaily, Lido released its staking data for the past week, covering October 7 to October 14. The data indicates a slight increase in the Total Value Locked (TVL) due to the rise in ETH prices, with TVL increasing by 0.58% to reach $24.1 billion. The net amount of ETH unstaked through Lido decreased by 0.62%, totaling 52,128 ETH. Additionally, the 7-day stETH rate rose by 19 basis points, reaching 3.17%.The trading volume for stETH over the past week was $863.09 million, marking a 2.11% increase compared to the previous week. The amount of wstETH bridged also saw growth, increasing by 4.80% to reach 208,043 wstETH.
ETH Whales Move $130 Million to Exchanges Amid Price Surge: Brace for Short-Term Selling
Ethereum (ETH) whales are making waves by depositing a staggering $130 million worth of ETH into centralized exchanges, as reported by Glassnode and covered by BeInCrypto. This influx, equivalent to 51,881 ETH, suggests a potential increase in sell-off pressure following the recent surge in ETH price. The movement of ETH into exchanges often signals that investors are looking to cash out their holdings. However, if demand from new investors enters the market, ETH could potentially overcome this selling pressure and push towards its next resistance level of $3,102. The market's reaction to this news will be closely watched, as it could indicate whether the current ETH rally has more room to run or if a short-term correction is on the horizon.
Ethereum Price Surges: Can the Rally Sustain?
Ethereum price started a fresh increase above the $2,500 resistance. ETH is up over 5% and might continue to rise if it clears the $2,650 resistance.
Ethereum started a fresh increase above the $2,500 and $2,550 resistance levels.
The price is trading above $2,550 and the 100-hourly Simple Moving Average.
There is a key bullish trend line forming with support near $2,52 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to rally if it clears the $2,620 and $2,650 resistance levels.
Ethereum Price Jumps Over 5%
Ethereum price formed a base above the $2,400 level and started a fresh increase. ETH cleared the $2,450 and $2,500 resistance levels to move into a positive zone, beating Bitcoin.
The bulls even pushed the price above the $2,600 level. A high was formed at $2,650 and the price is now consolidating gains. The price is stable above the 23.6% Fib retracement level of the upward wave from the $2,442 swing low to the $2,650 high.
Ethereum price is now trading above $2,550 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support near $2,52 on the hourly chart of ETH/USD.
On the upside, the price seems to be facing hurdles near the $2,640 level. The first major resistance is near the $2,650 level. A clear move above the $2,650 resistance might send the price toward the $2,720 resistance. An upside break above the $2,720 resistance might call for more gains in the coming sessions.
In the stated case, Ether could rise toward the $2,800 resistance zone in the near term. The next hurdle sits near the $2,880 level or $2,920.
Another Decline In ETH?
If Ethereum fails to clear the $2,650 resistance, it could start another decline. Initial support on the downside is near the $2,600 level. The first major support sits near the $2,520 zone and the trend line or the 61.8% Fib retracement level of the upward wave from the $2,442 swing low to the $2,650 high.
A clear move below the $2,520 support might push the price toward $2,450. Any more losses might send the price toward the $2,400 support level in the near term. The next key support sits at $2,350.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 zone.
Major Support Level – $2,600
Major Resistance Level – $2,650
Source: NewsBTC.com
The post Ethereum Price Surges: Can the Rally Sustain? appeared first on Crypto Breaking News.
Ethereum started a fresh increase above the $2,500 and $2,550 resistance levels.
The price is trading above $2,550 and the 100-hourly Simple Moving Average.
There is a key bullish trend line forming with support near $2,52 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to rally if it clears the $2,620 and $2,650 resistance levels.
Ethereum Price Jumps Over 5%
Ethereum price formed a base above the $2,400 level and started a fresh increase. ETH cleared the $2,450 and $2,500 resistance levels to move into a positive zone, beating Bitcoin.
The bulls even pushed the price above the $2,600 level. A high was formed at $2,650 and the price is now consolidating gains. The price is stable above the 23.6% Fib retracement level of the upward wave from the $2,442 swing low to the $2,650 high.
Ethereum price is now trading above $2,550 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support near $2,52 on the hourly chart of ETH/USD.
On the upside, the price seems to be facing hurdles near the $2,640 level. The first major resistance is near the $2,650 level. A clear move above the $2,650 resistance might send the price toward the $2,720 resistance. An upside break above the $2,720 resistance might call for more gains in the coming sessions.
In the stated case, Ether could rise toward the $2,800 resistance zone in the near term. The next hurdle sits near the $2,880 level or $2,920.
Another Decline In ETH?
If Ethereum fails to clear the $2,650 resistance, it could start another decline. Initial support on the downside is near the $2,600 level. The first major support sits near the $2,520 zone and the trend line or the 61.8% Fib retracement level of the upward wave from the $2,442 swing low to the $2,650 high.
A clear move below the $2,520 support might push the price toward $2,450. Any more losses might send the price toward the $2,400 support level in the near term. The next key support sits at $2,350.
Technical Indicators
Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.
Hourly RSI – The RSI for ETH/USD is now above the 50 zone.
Major Support Level – $2,600
Major Resistance Level – $2,650
Source: NewsBTC.com
The post Ethereum Price Surges: Can the Rally Sustain? appeared first on Crypto Breaking News.
Is Ethereum (ETH) Showing Signs of Rebound After Recent Dip?
Ethereum enters the $2.6K range, over the past 24 hours.
The Monochrome Ethereum ETF (IETH) began trading on the Cboe Australia exchange.
The largest altcoin, Ethereum (ETH), has briefly recovered from the significant downside pressure. The asset’s price remains caught between crucial resistance levels; it recently surged to the $2.6K range.
Notably, over the past 24 hours, ETH witnessed a moderate spike of 3.13%. At the press time, ETH traded at $2,617 with a market cap of $314 billion. Over the day, ETH recorded the lowest price at $2,529 and the highest at $2,652, as per CMC data.
The market observed a liquidation of $30.22 million worth of ETH during this timeframe, as per CoinGlass data. Besides, the daily trading volume of Ethereum has increased by 29.56% to $19 billion.
On the other side, Monochrome Asset Management has launched the Monochrome Ethereum ETF (IETH). This is Australia’s first exchange-traded fund (ETF) that provides direct access to Ethereum.
The ETF will be available on Australian brokerage platforms, with zero transfer fees and no capital gains tax implications, assuming no change of beneficial ownership.
Will the Current Momentum Persist?
ETH observed a notable decline of over 7.20%, trading at a low of $2,333 in the last seven days. The asset’s price opened the week by trading at $2,431, and stood in the range-bound between $2.3K and $2.5K range.
The four-hour technical chart of ETH displayed the daily relative strength index (RSI) at 59.50, staying in the neutral zone in the market. Besides, the daily frame of the asset highlights the brief bullish state as the short-term 9-day and 21-day moving averages are noted below the current price at $2,472 and $2,501, respectively.
Looking ahead, Ethereum’s price might climb if the upside correction continues. The asset might rally to a high of $2,726, and possibly could target even higher. Conversely, if the asset falls below $2.5K, it may enter into a period of consolidation.
The Monochrome Ethereum ETF (IETH) began trading on the Cboe Australia exchange.
The largest altcoin, Ethereum (ETH), has briefly recovered from the significant downside pressure. The asset’s price remains caught between crucial resistance levels; it recently surged to the $2.6K range.
Notably, over the past 24 hours, ETH witnessed a moderate spike of 3.13%. At the press time, ETH traded at $2,617 with a market cap of $314 billion. Over the day, ETH recorded the lowest price at $2,529 and the highest at $2,652, as per CMC data.
The market observed a liquidation of $30.22 million worth of ETH during this timeframe, as per CoinGlass data. Besides, the daily trading volume of Ethereum has increased by 29.56% to $19 billion.
On the other side, Monochrome Asset Management has launched the Monochrome Ethereum ETF (IETH). This is Australia’s first exchange-traded fund (ETF) that provides direct access to Ethereum.
The ETF will be available on Australian brokerage platforms, with zero transfer fees and no capital gains tax implications, assuming no change of beneficial ownership.
Will the Current Momentum Persist?
ETH observed a notable decline of over 7.20%, trading at a low of $2,333 in the last seven days. The asset’s price opened the week by trading at $2,431, and stood in the range-bound between $2.3K and $2.5K range.
The four-hour technical chart of ETH displayed the daily relative strength index (RSI) at 59.50, staying in the neutral zone in the market. Besides, the daily frame of the asset highlights the brief bullish state as the short-term 9-day and 21-day moving averages are noted below the current price at $2,472 and $2,501, respectively.
Looking ahead, Ethereum’s price might climb if the upside correction continues. The asset might rally to a high of $2,726, and possibly could target even higher. Conversely, if the asset falls below $2.5K, it may enter into a period of consolidation.
Ethereum Price Analysis: Is ETH About to Break Above $2.6K At Last?
Ethereum is in a crucial phase, with an inverted head and shoulders pattern forming on the daily chart and a double-bottom pattern on the 4-hour chart, both pointing toward the possibility of a slight bullish reversal.
The $2.7K neckline and $2.1K support level will be key areas to watch, as a breakout or breakdown will determine the next primary direction.
Technical Analysis
By Shayan
The Daily Chart
Ethereum is undergoing a descending consolidation phase, with no clear directional bias emerging recently. However, an important inverted head and shoulders pattern has formed near the $2.1K support zone, a critical level where buyers have managed to hold ground.
This pattern is typically a bullish reversal signal, suggesting that a shift towards upward momentum may be on the horizon, particularly if ETH can break through the neckline, which is around $2.7K.
Ethereum has roughly reclaimed the midpoint of the multi-month channel, which lies around $2.5K. If this breakout turns out to be valid, buyers’ next focus will shift to the neckline of the inverted head-and-shoulders pattern at $2.7K. A breakthrough at this level could solidify a bullish reversal, potentially targeting the $3K resistance zone in the near term.
Source: TradingView The 4-Hour Chart
On the 4-hour chart, Ethereum sellers have struggled to push the price below the ascending flag pattern’s lower boundary, which sits near $2.3K. This dynamic support level has been tested multiple times, and a breach here could trigger a long-squeeze event, sending the price rapidly down to the $2.1K support region. However, Ethereum has also formed a double-bottom pattern in this timeframe, which typically signals a short-term bullish reversal.
The price is currently confined between the ascending flag’s support and a critical resistance zone defined by the 0.5 Fibonacci level at $2.6K and the 0.618 Fibonacci level at $2.8K. Ethereum will likely continue consolidating within this tight range until a decisive breakout, either upward or downward, occurs.
Source: TradingView Onchain Analysis
By Shayan
Ethereum is currently trapped within a price range between $2.1K and $2.7K, and a detailed look at the Binance liquidation heatmap reveals the key liquidity zones that could influence an impending breakout. The heatmap displays regions of concentrated liquidity, such as stop-loss orders and liquidation levels, which are predominantly driven by more significant market participants, including whales.
The cryptocurrency faces a period of slight consolidation with minimal volatility, reflecting the equilibrium between buyers and sellers. On the downside, the $2K region is heavily defended by whales and institutional traders, as evidenced by significant liquidity pools concentrated in this area. On the other hand, the $2.8K resistance zone represents a formidable barrier, as it holds a significant amount of liquidity.
This liquidity concentration suggests that many traders, particularly large ones, have placed their liquidation points around this price level, making it critical. A breakout in either direction could lead to a liquidation cascade, triggering a chain reaction of stop-loss orders and liquidations that could amplify the prevailing trend.
Source: CoinGlass
The post Ethereum Price Analysis: Is ETH About to Break Above $2.6K at Last? appeared first on CryptoPotato.
The $2.7K neckline and $2.1K support level will be key areas to watch, as a breakout or breakdown will determine the next primary direction.
Technical Analysis
By Shayan
The Daily Chart
Ethereum is undergoing a descending consolidation phase, with no clear directional bias emerging recently. However, an important inverted head and shoulders pattern has formed near the $2.1K support zone, a critical level where buyers have managed to hold ground.
This pattern is typically a bullish reversal signal, suggesting that a shift towards upward momentum may be on the horizon, particularly if ETH can break through the neckline, which is around $2.7K.
Ethereum has roughly reclaimed the midpoint of the multi-month channel, which lies around $2.5K. If this breakout turns out to be valid, buyers’ next focus will shift to the neckline of the inverted head-and-shoulders pattern at $2.7K. A breakthrough at this level could solidify a bullish reversal, potentially targeting the $3K resistance zone in the near term.
Source: TradingView The 4-Hour Chart
On the 4-hour chart, Ethereum sellers have struggled to push the price below the ascending flag pattern’s lower boundary, which sits near $2.3K. This dynamic support level has been tested multiple times, and a breach here could trigger a long-squeeze event, sending the price rapidly down to the $2.1K support region. However, Ethereum has also formed a double-bottom pattern in this timeframe, which typically signals a short-term bullish reversal.
The price is currently confined between the ascending flag’s support and a critical resistance zone defined by the 0.5 Fibonacci level at $2.6K and the 0.618 Fibonacci level at $2.8K. Ethereum will likely continue consolidating within this tight range until a decisive breakout, either upward or downward, occurs.
Source: TradingView Onchain Analysis
By Shayan
Ethereum is currently trapped within a price range between $2.1K and $2.7K, and a detailed look at the Binance liquidation heatmap reveals the key liquidity zones that could influence an impending breakout. The heatmap displays regions of concentrated liquidity, such as stop-loss orders and liquidation levels, which are predominantly driven by more significant market participants, including whales.
The cryptocurrency faces a period of slight consolidation with minimal volatility, reflecting the equilibrium between buyers and sellers. On the downside, the $2K region is heavily defended by whales and institutional traders, as evidenced by significant liquidity pools concentrated in this area. On the other hand, the $2.8K resistance zone represents a formidable barrier, as it holds a significant amount of liquidity.
This liquidity concentration suggests that many traders, particularly large ones, have placed their liquidation points around this price level, making it critical. A breakout in either direction could lead to a liquidation cascade, triggering a chain reaction of stop-loss orders and liquidations that could amplify the prevailing trend.
Source: CoinGlass
The post Ethereum Price Analysis: Is ETH About to Break Above $2.6K at Last? appeared first on CryptoPotato.
Ethereum (ETH) Drops Below 2,600 USDT with a Narrowed 2.69% Increase in 24 Hours
On Oct 15, 2024, 05:32 AM (UTC), according to Binance Market Data, Ethereum (ETH) dropped below 2,600 USDT and is now trading at 2,596.439941 USDT, with a narrowed 2.69% increase in 24 hours.
Ethereum Co-Founder Proposes Major Update To Proof-Of-Stake Mechanism
According to PANews, Ethereum co-founder Vitalik Buterin has proposed a significant update to the Ethereum proof-of-stake consensus mechanism, suggesting that the validator staking threshold be reduced from 32 ETH to 1 ETH. Buterin believes that lowering the minimum staking amount to 1 ETH will address the issue of preventing more individuals from staking independently, thereby democratizing staking and enhancing Ethereum's decentralization.
Currently, Ethereum requires 32 ETH to become a validator, a limit designed to balance security, decentralization, and indirect costs. However, Buterin's new proposal argues that this high threshold is a barrier for smaller participants and individual holders who wish to contribute to Ethereum's security but cannot afford the substantial lock-up. Reducing the threshold to 1 ETH would significantly lower the entry barrier, encouraging more individual stakers to join the network and potentially decreasing staking centralization. Buterin believes this aligns with Ethereum's long-term vision of broader user participation. One major challenge of lowering the threshold is maintaining efficiency without overburdening the network. Buterin notes that reducing the threshold will increase the number of validators, which could slow down finality or raise the operational costs of running nodes.
To address this issue, Buterin has also introduced the concept of 'single-slot finality,' which aims to speed up block confirmation times, reducing finality from the current 15 minutes to approximately 12 seconds. This improvement would not only enhance user experience but also ensure that Ethereum's security remains robust even with an increased number of validators.
Currently, Ethereum requires 32 ETH to become a validator, a limit designed to balance security, decentralization, and indirect costs. However, Buterin's new proposal argues that this high threshold is a barrier for smaller participants and individual holders who wish to contribute to Ethereum's security but cannot afford the substantial lock-up. Reducing the threshold to 1 ETH would significantly lower the entry barrier, encouraging more individual stakers to join the network and potentially decreasing staking centralization. Buterin believes this aligns with Ethereum's long-term vision of broader user participation. One major challenge of lowering the threshold is maintaining efficiency without overburdening the network. Buterin notes that reducing the threshold will increase the number of validators, which could slow down finality or raise the operational costs of running nodes.
To address this issue, Buterin has also introduced the concept of 'single-slot finality,' which aims to speed up block confirmation times, reducing finality from the current 15 minutes to approximately 12 seconds. This improvement would not only enhance user experience but also ensure that Ethereum's security remains robust even with an increased number of validators.
Bitcoin and Ethereum ETFs See Significant Inflows as Net Holdings Surge
According to Lookonchain's Oct. 15 update, Bitcoin and Ethereum ETFs experienced substantial inflows, reflecting growing investor confidence in crypto-based financial products.Bitcoin ETF Inflows: $490 Million Net FlowTotal Net Flow: +7,494 BTC (~$490.19M) 🟢Fidelity Investments led the surge, with 3,627 BTC (~$237.27M) added to its ETF holdings.Fidelity Bitcoin ETF now holds a total of 183,695 BTC (~$12.02B).Ethereum ETF Inflows: $6.38 Million Net FlowTotal Net Flow: +2,485 ETH (~$6.38M) 🟢iShares Ethereum ETF was the largest contributor, with 5,453 ETH (~$14.01M) inflows.iShares currently holds 419,621 ETH (~$1.08B).
Ethereum Futures Funding Rate Surges Amid Market Sentiment Shift
According to Odaily, Matrixport has released new data indicating that the funding rate for Ethereum perpetual futures has soared to an annualized rate of over 18%, marking the highest level since May 2024. This surge suggests a shift in market sentiment, with traders heavily buying ETH ahead of the U.S. presidential election. Following a price drop from $3,800 to $2,500, traders are now purchasing ETH at more attractive prices.Additionally, BlackRock CEO Larry Fink has hinted at a significant increase in the role of Ethereum's blockchain, reflecting a shift in market focus. BlackRock is now not only concentrating on Bitcoin but also considering Ethereum as a crucial digital asset alternative.
Whale Makes Big Moves: Borrows to Buy LINK, ETH, and WBTC
n a notable development in the crypto market over the past 24 hours, a large investor—commonly referred to as a “whale”—borrowed stablecoins through popular decentralized finance (DeFi) platforms Aave and Compound to acquire Ethereum (ETH), Wrapped Bitcoin (WBTC), and Chainlink (LINK). This strategic move has caught the attention of both investors and analysts alike.
Whale Buys LINK and Two Other Major Cryptos
According to on-chain data provided by Lookonchain, the whale purchased 200 WBTC (worth approximately $13.13 million), 2,000 ETH (worth $5.26 million), and 79,999 LINK (worth $898,000). Such large-scale purchases typically signal a high level of confidence in these assets and reflect optimistic market expectations. This whale’s decision to borrow stablecoins and acquire these assets suggests an expectation that the prices of ETH, WBTC, and LINK will rise in the near future.
Aave and Compound: The DeFi Giants
In this transaction, the whale borrowed stablecoins through Aave and Compound, two leading DeFi platforms, and used those funds to purchase major cryptocurrencies. These platforms allow users to borrow and lend crypto assets while earning returns. Specifically, Aave enables users to borrow stablecoins against their crypto holdings, a common strategy for taking either short or long positions. For instance, a trader can use ETH or AAVE as collateral on Aave to borrow stablecoins and then buy other crypto assets.
The Impact of DeFi on Large Investors
This latest transaction shows the flexibility that DeFi platforms offer to whales and large investors. By borrowing through Aave and Compound, the whale demonstrated a keen understanding of market dynamics and made strategic purchases in anticipation of future price increases in ETH, WBTC, and LINK. The ability to borrow and utilize large amounts of stablecoins offers major players unique opportunities to influence price movements and liquidity in the market.
Growing Interest in Aave and DeFi
According to DeFiLlama, Aave holds $12.07 billion in Total Value Locked (TVL), making it one of the largest DeFi platforms in the space. While Compound trails behind with a TVL of $2.05 billion, it remains a key player in the sector. Both platforms provide investors with opportunities to borrow and lend crypto assets, generate returns, and take advantage of market movements.
Aave’s native token, AAVE, has also attracted attention from whales in recent days. As demand for AAVE grows, its price has increased by 10% on a weekly basis, showcasing how large investors can impact liquidity and price movements within the market.
For more insights on the latest trends in DeFi and crypto investments, follow The Bit Journal.
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Whale Buys LINK and Two Other Major Cryptos
According to on-chain data provided by Lookonchain, the whale purchased 200 WBTC (worth approximately $13.13 million), 2,000 ETH (worth $5.26 million), and 79,999 LINK (worth $898,000). Such large-scale purchases typically signal a high level of confidence in these assets and reflect optimistic market expectations. This whale’s decision to borrow stablecoins and acquire these assets suggests an expectation that the prices of ETH, WBTC, and LINK will rise in the near future.
Aave and Compound: The DeFi Giants
In this transaction, the whale borrowed stablecoins through Aave and Compound, two leading DeFi platforms, and used those funds to purchase major cryptocurrencies. These platforms allow users to borrow and lend crypto assets while earning returns. Specifically, Aave enables users to borrow stablecoins against their crypto holdings, a common strategy for taking either short or long positions. For instance, a trader can use ETH or AAVE as collateral on Aave to borrow stablecoins and then buy other crypto assets.
The Impact of DeFi on Large Investors
This latest transaction shows the flexibility that DeFi platforms offer to whales and large investors. By borrowing through Aave and Compound, the whale demonstrated a keen understanding of market dynamics and made strategic purchases in anticipation of future price increases in ETH, WBTC, and LINK. The ability to borrow and utilize large amounts of stablecoins offers major players unique opportunities to influence price movements and liquidity in the market.
Growing Interest in Aave and DeFi
According to DeFiLlama, Aave holds $12.07 billion in Total Value Locked (TVL), making it one of the largest DeFi platforms in the space. While Compound trails behind with a TVL of $2.05 billion, it remains a key player in the sector. Both platforms provide investors with opportunities to borrow and lend crypto assets, generate returns, and take advantage of market movements.
Aave’s native token, AAVE, has also attracted attention from whales in recent days. As demand for AAVE grows, its price has increased by 10% on a weekly basis, showcasing how large investors can impact liquidity and price movements within the market.
For more insights on the latest trends in DeFi and crypto investments, follow The Bit Journal.
https://twitter.com/Thebitjournal_
https://www.linkedin.com/company/the-bit-journal/
https://t.me/thebitjournal
Follow us on Twitter and LinkedIn and join our Telegram channel to be instantly informed about breaking news!
Ethereum (ETH) Surpasses 2,600 USDT with a 5.70% Increase in 24 Hours
On Oct 14, 2024, 14:26 PM (UTC), according to Binance Market Data, Ethereum (ETH) crossed the 2,600 USDT benchmark and is now trading at 2,600 USDT, with a narrowed 5.70% increase in 24 hours.