Ethereum – Page 21 – BitcoTasks BLOG

Ethereum Set to Eclipse Bitcoin: ETFs Could Catapult ETH to New Heights — K33 Research

July 4, 2024

As the global financial markets prepare to launch U.S.-based spot Ethereum exchange-traded funds (ETFs), Ethereum is positioned to potentially outperform Bitcoin, according to a new analysis by K33 Research. This comes amid concerns that Bitcoin might face downward pressure due to upcoming repayments to creditors of the defunct Mt. Gox exchange. ETF Launch to Begin…

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Ethereum Price Plummets: Potential Recovery Hindered by Bearish Pressure

July 4, 2024

Eth

Ethereum price failed to clear the $3,520 zone and started a fresh decline. ETH dived below the $3,250 support and even tested the $3,150 zone. Ethereum started a fresh decline below the $3,320 and $3,250 levels. The price is trading below $3,250 and the 100-hourly Simple Moving Average. There is a key bearish trend line…

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These Are The Altcoins In Buy Zone, Analytics Firm Reveals

July 3, 2024

Altcoin

The on-chain analytics firm Santiment has revealed the altcoins that are currently in the historical buy zone according to a fair value model. A Large Amount Of Altcoins Are Currently Near The Opportunity Zone In a new Market Value to Realized Value (MVRV) ratios. The MVRV ratio is an indicator that keeps track of the…

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Ethereum DApps On Fire: Volume Soars Over 90% — Good For ETH Price?

July 3, 2024

Cryptocurrency Market News

Ethereum (ETH) has become a beacon in the sea of blockchains, boasting a staggering 92% surge in dApp (decentralized application) volume over the past week. This news, however, comes with a layer of complexity, revealing a landscape of both opportunity and potential setbacks for the leading blockchain. Cheap Gas Fuels The Fire Analysts attribute the…

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Experts Eye Spot Ethereum ETF Launch By Mid-July, Predict Price Rally

July 3, 2024

Ethereum

The crypto industry is on the verge of a potentially significant development as key figures in the sector hint at the imminent approval of a spot Ethereum ETF in the United States, possibly triggering a notable price rally for ETH. Nate Geraci, president of The ETF Store, shared insights into the expected timeline for the…

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Market Expert Sees Big Things For LDO: $6 Price Increase On The Horizon?

July 3, 2024

Cryptocurrency Market News

Lido DAO (LDO), the innovative liquid staking solution on the Ethereum network, has been on a wild ride lately. After a stellar run, the past week saw LDO plummet 24%, mirroring the broader cryptocurrency market’s turbulence. However, amidst the dip, a sense of cautious optimism flickers among investors, fueled by potential market shifts and bullish…

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ETH Price Dips As Ethereum ETF Approval Faces Delay

July 3, 2024

Ethereum

Ethereum (ETH) price has encountered a setback after briefly surpassing the $3,500 mark on Monday, dropping once again to the $3,400 support level on Tuesday. The delay stems from the expected full approval by the SEC for Ethereum ETF applications, which have now been postponed to July 8. SEC Requests Revised Filings Analysts had initially…

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Ethereum Reverses Course: Can ETH Bulls Save The Day?

July 3, 2024

Eth

Ethereum price failed to climb above the $3,520 zone and corrected gains. ETH is now showing bearish signs below the $3,400 support zone. Ethereum started a downside correction after it failed to surpass the $3,520 zone. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There is a key bearish trend line…

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Ethereum Suffers 3rd Straight Weekly Outflows, Becomes 2024’s Worst Performer

July 2, 2024

Cryptocurrency Market News

The digital asset market is experiencing a wave of investor caution, with Ethereum leading the charge. CoinShares reports show a third consecutive week of outflows, with Ether sustaining the biggest damage. This negative sentiment in the top altcoin, coupled with sluggish trading volumes and regional outflows across the market, paints a picture of a market…

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Ethereum Price Undergoes Technical Correction: Can ETH Resume Higher?

July 2, 2024

Eth

Ethereum price started a downside correction from the $3,520 zone. ETH is stable above $3,420 and might attempt another increase in the near term. Ethereum started a downside correction after it failed to surpass the $3,520 zone. The price is trading above $3,420 and the 100-hourly Simple Moving Average. There is a connecting bearish trend…

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Market Analysts Eye July for Potential Big Wins in Bitcoin and Ethereum — Here’s Why

July 2, 2024

Bitcoin News

In the financial market, historical trends often offer a glimpse into potential future outcomes and so far, July has historically been a strong month for both Bitcoin and Ethereum, and analysts are eyeing this pattern to predict another fruitful period. A Profitable July For Bitcoin And Ethereum According to seasoned market analysts from QCP Capital,…

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