Ethereum – Page 22 – BitcoTasks BLOG

Ethereum Goes Budget-Friendly: Transaction Fees Drop To Lowest Since 2016

July 1, 2024

Ethereum, the world’s second-largest blockchain platform, has entered a new era marked by record-low transaction fees. This dramatic shift, the most significant since 2016, has sent ripples of excitement through the cryptocurrency community, raising hopes for increased adoption and a more accessible DeFi (Decentralized Finance) landscape. From Pricey To Penny-Pinching Previously, Ethereum’s notorious gas fees,…

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Ethereum Price Bounces Back Yet Lacks Strong Bullish Drive

July 1, 2024

Eth

Ethereum price is attempting a fresh increase above the $3,450 resistance zone. ETH must settle above $3,550 to continue higher in the near term. Ethereum slowly moved higher above the $3,450 zone. The price is trading above $3,450 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with…

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Ethereum’s Breakout Moment: Is a $7,500 Target Achievable? Experts Weigh In

June 29, 2024

Ethereum

Despite Ethereum’s recent lackluster performance, Glassnode Co-founders, under the name ‘Negentrophic’ on Elon Musk’s X social platform, assert that ETH’s potential has yet to be fully realized. Analyzing historical data and market patterns similar to those in early 2021, Negentrophic predicts that Ethereum could reach a high of $7,500, a forecast based on current market…

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Crypto Trader Says He’s ‘Extremely Long’ On Ethereum, Undeterred By Crash Below $3,400

June 28, 2024

Ethereum

Crypto trader Duncan has explained why he is “extremely long” on Ethereum (ETH) despite the crypto token’s recent drop to around $3,400. He emphasized the Spot Ethereum ETFs, which he believes could spark a significant rally for ETH. A ‘Significant Upside Repricing’ Could Be On The Horizon ForTHEEthereum Duncan mentioned in an X (formerly Twitter)…

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Don’t Sweat The Dip! Ethereum 15% Price Slump Could Spark Epic Comeback — Analyst

June 28, 2024

Cryptocurrency Market News

Ethereum, the second-largest cryptocurrency by market capitalization, has experienced a significant decline in value recently. Over the past month, its price has dropped by 15%, leading to concerns among investors about the future of this digital asset. The current situation raises questions about whether this downturn signals a prolonged decline or if it is merely…

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Is Ethereum About To Take Off? Analysts Weigh In Amid ETF Approval Date Rumors

June 28, 2024

Ethereum News

Ethereum (ETH)’s struggles to regain the last cycle’s heights have brewed a bearish sentiment among some sectors of the crypto community. Its performance during Q2 has seemingly continued to fuel the sentiment. However, with rumors of an ETH ETF (Exchange-Traded Fund) approval being around the corner, analysts believe the ‘King of Altcoins’ is about to…

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Ethereum Price Hints at Upside: Analyzing The Bullish Signals

June 28, 2024

Eth

Ethereum price is attempting a fresh increase above the $3,420 resistance zone. ETH is now struggling to clear the $3,480 and $3,520 resistance levels. Ethereum slowly moved higher above the $3,420 zone. The price is trading above $3,400 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with…

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Experts Bullish On Ethereum ETFs Launching July 4, Predicting Potential Surge Beyond $7,000

June 28, 2024

Ethereum

As the highly anticipated launch of the first spot Ethereum ETFs in the United States nears, experts are predicting a significant price appreciation for the second-largest cryptocurrency in the market. Ethereum ETFs On The Horizon According to a recent Reuters report, the US Securities and Exchange Commission (SEC) could approve Ethereum ETFs as soon as…

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Ethereum Price Roadblocks: What’s Hindering A Fresh Increase?

June 27, 2024

Eth

Ethereum price struggled to recover above the $3,420 resistance zone. ETH is consolidating and might decline again if there is a move below $3,320. Ethereum is struggling to gain pace for a move above the $3,420 zone. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There is a connecting bearish trend…

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Ethereum Price Tied To BitMEX Whales: Quant Uncovers Link

June 26, 2024

Ethereum

A quant has pointed out how the trends in the BitMEX exchange reserve have affected the Ethereum price during the past few years. BitMEX Ethereum Whales Have Shown Smart Money Behavior In Recent Years In a CryptoQuant Quicktake exchange reserve” here refers to an on-chain metric that keeps track of the total amount of Ethereum…

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Bitwise CIO Expects $15 Billion To Flow Into Spot Ethereum ETFs, How Will ETH React?

June 26, 2024

Ethereum

Bitwise’s Chief Investment Officer (CIO) Matt Hougan recently discussed the inflows the US Spot Ethereum ETFs could attract. Specifically, he stated how much could flow into these funds in their first 18 months of trading. Spot Ethereum ETFs To Record $15 Billion In First 18 Months Of Trading Hougan mentioned in a Bitcoin and Ethereum…

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