Ethereum (ETH)

Ethereum price is eyeing an upside break above the $2,400 resistance against the US Dollar. ETH price is now trading above $2,300 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $2,280 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $2,240 support zone. Ethereum price is consolidating above the $2,240 level against the US Dollar. ETH/USD could rise again if it...

Investment products for digital assets received significant influxes of $708 million last week, contributing to year-to-date inflows of $1.6 billion and increasing the total global assets under management to $53 billion. However, trading volumes in ETPs dropped to $8.2 billion from the previous week’s total of $10.6 billion, though they still surpass the 2023 weekly average of $1.5 billion. According to CoinShares’ latest report, these volumes represent 29% of Bitcoin’s...

CoinspeakerGlobal Crypto Assets Record $708 Million in Weekly Inflows Global crypto assets flows turned positive after two weeks of outflows. Solana’s weekly inflows improved as Ethereum recorded more outflows. Global Crypto Assets Record $708 Million in Weekly Inflows

Genesis Global Capital has formally requested authorization from the U.S. Bankruptcy Court for the Southern District of New York to proceed with an extensive sale of its holdings. The crypto lender, currently undergoing bankruptcy proceedings, submitted the new motion seeking approval to sell trust assets valued at approximately $1.6 billion. Genesis Seeks Court Approval for Liquidation As per a court filing on February 2, the trust assets comprise approximately $1.4 billion...

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Pullix (PLX) is providing solace for investors who are seeking new alternatives amidst the Celsius (CEL) bankruptcy ordeal. In a recent development, the crypto lending protocol reportedly executed a substantial whale transaction, transferring a staggering $1 billion worth of Ethereum (ETH). Meanwhile, Pullix has been attracting more investors as its ongoing token presale advances through the 7th stage. The project is on path to raise $5M. Celsius (CEL) Moves $1B in Ethereum...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Binance Coin. Ethereum (ETH) Ethereum appears to have found good support at $2,200 and has since returned on an uptrend, closing the week with a 3.6% price increase. The price action looks promising, and buyers are returning to the market. This optimism is also reflected in the daily MACD, which is making higher lows on the histogram. Looking ahead, ETH is working its way back up and could soon...

Ethereum’s price has been rapidly declining recently following a rejection from the $2,750 resistance level. While a further drop is probable in the short term, the overall bullish trend might not be over. Technical Analysis By TradingRage The Daily Chart On the daily chart, the Ethereum price has been oscillating inside a large ascending channel. The higher boundary of the pattern, paired with the $2,750 resistance level, has rejected the price to the downside. The market...

CoinspeakerSolana Holds Top Spot in DEX Trading Volume Rankings amid Hayes Projection Despite the recent growth, Solana's weekly volume is behind Ethereum’s 7-day DEX volume, with $5.518 billion compared to Ethereum's $7.971 billion.  Solana Holds Top Spot in DEX Trading Volume Rankings amid Hayes Projection

Polygon Labs – the main development team behind the Ethereum scaling network Polygon (MATIC) – has laid off 19% of its workforce in an attempt to create a more “efficient surgical team.” Though 60 employees were laid off in the process, the remaining workers have been granted a minimum 15% salary raise, effective as of January 1. Polygon Labs Streamlines Operations In a Thursday statement, Polygon Labs CEO Marc Boiron said that reducing headcount would allow team members to...