ETH – Page 10 – BitcoTasks BLOG

Grayscale Forecasts Bitcoin To Retest All-Time Highs By 2024 End If US Avoids Recession

August 10, 2024

The Bitcoin market experienced a major downturn earlier this week attributed to concerns regarding the US economic outlook and increased volatility in the broader financial markets. Notably, Ethereum’s performance lagged, potentially influenced by heightened futures market activity and selling pressure from select large holders. Despite these challenges, asset manager and exchange-traded fund (ETF) issuer Grayscale…

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Ethereum Vs. Solana: Legendary Trader Peter Brandt Reveals The ‘Clear Winner’

August 10, 2024

Ethereum

A crypto analyst has reignited the debate between Ethereum (ETH) and Solana (SOL), evaluating which cryptocurrency was more superior. Considering recent market trends and performances of both altcoins, the analyst has finally identified a clear winner in the competition. Solana Wins Battle Against Ethereum In a recent X (formerly Twitter) comparison between Solana and Ethereum,…

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XRP Has Surpassed Bitcoin, Ethereum, And Solana Combined In This Metric

August 9, 2024

Xrp

The long-standing legal battle between Ripple and the US Securities and Exchange Commission (SEC) has finally made significant progress in court, and the case may be nearing its end, with a surge for XRP. As expected, this development revitalized interest in XRP, Ripple’s native cryptocurrency, which in turn led to a noticeable surge in XRP’s…

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Ethereum Price Rises, Striving to Catch Up with Bitcoin’s Rally

August 9, 2024

Eth

Ethereum price gained pace for a move above the $2,550 resistance zone. ETH is now consolidating near $2,680 and eyeing more upsides above $2,750. Ethereum started a decent increase above the $2,450 and $2,550 levels. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming…

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3 Reasons Why Ethereum Is Struggling Today: Will ETH Break $2,000?

August 8, 2024

Ethereum

Even after the welcomed recovery on August 6, Ethereum is under immense selling pressure today, August 7. Despite gains earlier today, losses saw the coin edge lower, as visible in the daily chart. The daily chart rejected the coin at around the $3,500 resistance level. At this pace, Ethereum could continue plummeting if bears step…

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Ethereum On The Move: Dormant ETH Wallets Linked To $4 Billion Scam Awaken

August 8, 2024

Cryptocurrency Market News

On Wednesday, online reports unveiled that hundreds of Ethereum wallets that had been dormant for over 3 years were moving large amounts of ETH. The wallets were believed to have moved $2 billion worth of ETH linked to a $4 billion crypto scam. Investors worried that another massive dump would affect the market’s recovery. However,…

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Ethereum Price Shows Weakness: Can It Overcome The Struggles?

August 8, 2024

Eth

Ethereum price failed to continue higher above the $2,550 resistance zone. ETH is now consolidating near $2,450 and showing a few bearish signs. Ethereum started a recovery wave above the $2,400 and $2,420 levels. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend…

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BlackRock Plans Ethereum ETF Options, Files With SEC

August 7, 2024

Ethereum

In a notable development, BlackRock, one of the world’s largest asset managers and ETF issuers, has collaborated with the Nasdaq Stock Market in a move to introduce options for its Ethereum ETF recently approved by US regulators. 2025 Decision On Ethereum ETF Options Proposal The filing with the US Securities and Exchange Commission (SEC) outlines…

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Solana (SOL) Bounces 30% Amid Market Recovery, Analysts Remain Bullish

August 7, 2024

Cryptocurrency Market News

Solana (SOL) is leading the crypto market recovery following the massive Monday crash. SOL registered some of the largest gains after reclaiming the $140 support zone on Tuesday morning. Its strength was highlighted by several market watchers, who shared their bullish predictions for the token. However, an analyst warned investors of a key level to…

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Ethereum Price Poised to Climb Higher: What’s Next for ETH?

August 7, 2024

Eth

Ethereum price started a recovery wave above the $2,350 resistance zone. ETH could gain bullish momentum if it clears the $2,680 resistance zone. Ethereum started a recovery wave above the $2,350 and $2,420 levels. The price is trading below $2,640 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with…

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Bitcoin Rebounds Past $56,000, Ethereum Over $2,500: Key Factors

August 6, 2024

Cryptocurrency Market News

Bitcoin and crypto markets experienced a robust recovery Tuesday, with Bitcoin surging past the $56,000 mark and Ethereum breaking above $2,500, bouncing back from the “Block Monday.” Yesterday, Bitcoin plummeted over 15%, touching lows near $49,000, while Ethereum dropped by more than 20% to a low of $2,115. The recovery in Bitcoin and crypto paralleled…

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