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Anup Dhungana has explained Ethereum to be in a position for a rally from which one could gain insights into the movement of its price. He opines that such a rally may happen if specific resistance levels are breached as Bitcoin continues to exert market pressure. In one of the recent X posts, Anup Dhungana […]
Popular crypto analyst Jelle shared a rather convincing outlook on the Ethereum ETH price in comparison to Bitcoin. In a recent X post, the analyst highlighted that ETH is now trading in the zone that is being used to determine the test of the 0.618 level. Based on the analysis of the Ethereum against Bitcoin […]
Crypto analyst Michael van de Poppe has recently given a positive outlook on Ethereum, expecting the cryptocurrency to surge in the second half of 2024. In a recent X post, the analyst shared a historical analysis and levels of interest with the focus on the second half of the year, during which altcoins such as […]
Popular cryptocurrency trader Crypto Jack posted a convincing Ethereum (ETH) price prediction. In a recent post on X, the analyst analyzed that Ethereum is on the verge of achieving a major achievement after struggling to overturn resistance at $3,500. This could potentially open up the possibility of a new target of $4,000. Crypto Jack emphasized […]
Ethereum has recently received attention from crypto analysts, who have predicted potential bullish and bearish scenarios for the cryptocurrency with the help of certain technical levels. Crypto Tony, one of the popular crypto analysts, has given his advice on how one can position themselves in the ETH market. The analyst noted that if the price […]
Market Veteran Peter Brandt calls attention to a head and shoulders pattern on the Ethereum chart, indicating higher chances of…
The post Peter Brandt Identifies Ethereum Head and Shoulders Top, Prices at Risk of Further Dips first appeared on The Crypto Basic.
Among the various cryptocurrencies that surface each day in this unpredictable market, Ethereum (ETH) is often under consideration by analysts and traders. Many well-known crypto analysts has shared their opinions, stating that ETH may experience an indefinite stabilization phase, paving the way to further upward movement. Jelle, a popular cryptocurrency analyst, has recently weighed in […]
Ethereum shows signs of recovery after a 50% correction. Its also showing crypto traders bullish indicators that it may break out to $2,100 in the months to come.
Ethereums 5-month losing streak continues as ETH drops 37% since May 2024. Will May 2025 break the cycle?
Ethereum is currently trading at a crucial point near the $2,200 price level, forming a major resistance point. If the cryptocurrency manages to close a daily candle above this level, then it will validate a continuation of the bullish trend. Nonetheless, should ETH remain below this level, it would experience increased selling pressure, keeping investors […]
The highly anticipated Dencun upgrade for the Ethereum (ETH) ecosystem is on the horizon, promising to bring significant cost reductions and notable changes to Layer 2 (L2) networks. The update, scheduled for March 13, will introduce a new data storage system known as blobs, reducing congestion on the Ethereum network and driving key new features in various areas. Ethereum Dencun Upgrade As highlighted in a recent Bloomberg report, Dencun aims to reduce the cost of Layer 2 networks such as Arbitrum (ABR), Polygon (MATIC), and Coinbase’s Base by enabling previously costly transactions to become significantly cheaper. In particular, transactions that used to cost $1 can now cost as little as one cent, the report notes, while others that used to cost cents can be reduced to a fraction of a cent. This cost reduction is expected to improve the end-user experience greatly and is a significant improvement over previous upgrades such as the September 2022 Merge. Related Reading: Solana Demand Soars As Institutions Buy Up SOL At A Massive 870% Premium One of the most crucial aspects of the Dencun upgrade is the introduction of blobs, a new type of data repository for Layer 2 networks. Currently, Layer 2 blockchains store their data on the Ethereum network, leading to substantial storage costs passed on to applications and users. However, with blobs, Layer 2s will store their data for a significantly shorter period, about 18 days, resulting in lower costs. While this shift sacrifices storing a complete record of all transactions forever, it frees up more space on the Ethereum network for other transactions, reducing congestion. AI-Driven Trading Strategies According to the report, introducing blobs through the Dencun upgrade also paves the way for using artificial intelligence (AI) in various applications. For example, games can incorporate AI-driven non-player characters, enabling advanced gameplay capabilities and a deeper experience. In decentralized finance (DeFi), automated market makers can incorporate “complex trading strategies” driven by AI models. This newfound flexibility and complexity are expected to foster innovation and drive the development of advanced applications in the Ethereum ecosystem. In addition, the Dencun upgrade is expected to reduce the operating costs of Layer 2 chains significantly. Previously, launching and operating a Layer 2 project required considerable venture capital backing. However, Bloomberg reports that with the cost reductions brought about by Dencun, small teams may be able to launch and maintain Layer 2 chains. While the adoption of blobs and the associated cost advantages are expected to drive immediate benefits, it is worth noting that the cost of blobs may increase over time as demand grows. How Could Dencun Boost ETH Price? While the price of ETH has corrected by over 3% in the past 24 hours, resulting in a current trading price of $3,916, the Dencun upgrade holds the potential to have a positive impact on its price. The upgrade aims to significantly reduce costs for Layer 2 networks and enhance the overall user experience, making Ethereum a more appealing platform for decentralized applications (dApps) and other use cases. By lowering transaction fees and improving scalability, Dencun could attract more users and developers to the Ethereum ecosystem, potentially driving up demand for ETH tokens. Related Reading: Expect A Bitcoin Scarcity Crisis In 6 Months, BTC To $100,000? Despite the ongoing correction, it is worth noting that the current price of ETH is not far from its two-year high of $4,084. However, it’s important to consider that the price has formed a double top pattern on the daily time frame for two consecutive days, which may present a near-term hurdle for ETH’s price. The market’s reaction and the ability of ETH to surpass its nearest resistance level remain to be seen. Featured image from Shutterstock, chart from TradingView.com
The asset has made gains in the last 3 days and is on track to print a fourth consecutive winning candle. Ethereum (ETH) is making silent moves following last year’s underperformance as it looks to reclaim the $1,300 price point after securing three consecutive winning sessions since the beginning of 2023. The asset started the […]
The post Ethereum (ETH) Aims For $1,300 Following Third Consecutive Winning Session first appeared on The Crypto Basic.
Bitcoin and Ethereum lead a wave of excitement over future crypto gains, with analysis concluding that the "bottom is in." Bitcoin (BTC) broke through $31,000 on April 14 as bulls hoped that altcoins would soon follow.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst eyes potential dip under $30,000 Data from Cointelegraph Markets Pro and TradingView captured new
The post Bitcoin price spikes above $31K as Ethereum gains spark ‘altseason’ calls appeared first on BTC Ethereum Crypto Currency Blog.
As Ethereum (ETH) trades steadily above the $3,300 mark, market analysts are beginning to predict a potential recovery that could reshape the altcoin landscape. Currently trading at $3,321, ETH’s resilience has been notable, especially amidst a broader market correction led by Bitcoin (BTC). This recent downturn has tested ETHs critical support level at $3,290, effectively [...]
The post Ethereum On The Cusp Of Major Breakout In Q1 2025, Altcoins Expected To Follow Suit appeared first on Crypto Breaking News.
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