The post Ethereum Whale Buys $13M of ETH, Bullish Signal? appeared first on Coinpedia Fintech News

In this bearish market sentiment, crypto whales have begun showing interest in Ethereum (ETH), the second-biggest cryptocurrency by market cap. On September 18, 2024, the on-chain analytics firm Lookonchain made a post on X (Previously Twitter) stating that a whale who sold 5,690 ETH, worth $13.1 million, yesterday has bought back 5,660 ETH worth $13.1 million, at an average price of $2,316.

ETH Buyback Before Fed Decision

By doing so, this whale has lost 30.8 ETH worth $71,400 in a single day.  However, this massive Ethereum buyback occurred just before the Fed rate cut announcement. It seems this whale might anticipate the impact of the Fed’s decision, which could explain why the purchase was made during the opening bell of the US stock market.

This smart trader with a 100% win rate has just completed another trade, but this time he lost money!He sold 5,690 $ETH($13.1M) at $2,304 yesterday and bought back 5,660 $ETH($13.1M) at $2,316 just now, losing 30.8 $ETH($71.4K)!https://t.co/6j9IRgvFNM pic.twitter.com/iPEoF5fY9q

— Lookonchain (@lookonchain) September 18, 2024

Bearish On-chain Metrics

Despite this massive ETH purchase, the on-chain metrics are still flashing a bearish signal. According to the on-chain analytics firm Coinglass, ETH’s Long/Short currently stands at 0.966, indicating bearish market sentiment among traders. Additionally, its future open interest has declined by 2.5% in the last 24 hours, suggesting reduced interest from traders, likely due to the bearish market outlook. 

Source: Coinglass

While combining all the data it appears that the current sentiment is quite bearish and traders are hesitating to build either long or short positions. Currently, 50.85% of top ETH traders hold short positions, while 49.15% hold long positions. This indicates that bears are currently dominating the asset.

Ethereum Technical Analysis and Upcoming Levels

According to the expert technical analysis, ETH appears bearish and is currently at a crucial support level of $2,230 level. Additionally, it is facing resistance from the descending trendline. Based on the historical price momentum, ETH price could rise to the $2,800 level if it closes its daily candle above the $2,470 level. 

Source: Trading View

Meanwhile, ETH’s Relative Strength Index (RSI) is in oversold territory, suggesting a potential price reversal in the coming days.

At press time, ETH is trading near the $2,300 level and has experienced a price decline of over 2.5% in the last 24 hours. During the same period, its trading volume has increased by 10%, indicating higher participation from traders amid the market downturn. 

Despite recent underperformance, ether is potentially a contrarian bet into the year-end, the report said.

Bitwise noted that the majority of stablecoins are issued on the Ethereum blockchain and more than 60% of all DeFi assets are locked on the network.

Ethereum is like the Microsoft of blockchains, the asset manager said.

Ether {{ETH}}, the second-largest cryptocurrency, seems to be liked by nobody right now, but the native token of the Ethereum blockchain's underperformance could reverse as the year draws to a close, Bitwise said in a report on Tuesday.

The asset manager noted that year-to-date ether is little changed, while bitcoin {{BTC}} is up 38% and Solana's sol {{SOL}} has risen 31%.

Ether's recent underperformance stems from risk related to November's U.S. presidential election, rising competition from Solana and other blockchains, challenged tokenomics and a mixed response to the introduction of spot exchange-traded funds (ETFs) in the U.S., the report said.

Still, it's not all doom and gloom. The majority of stablecoins are issued on Ethereum, more than 60% of all decentralized finance (DeFi) assets are locked on the blockchain and the popular prediction market Polymarket also settles on the layer-1 chain, Bitwise noted.

"Ethereum has the most active developers, the most active users, and a market cap that is 5X bigger than its closest competitor," wrote Matt Hougan, chief investment officer at Bitwise.

"It's like the Microsoft (MSFT) of blockchains," Hougan wrote. Everyone wants to talk about about newer companies and their game-changing tech such as Google (GOOG), Slack (WORK) and Zoom (ZM), "but Microsoft is still larger than all of them put together."

Ether's challenges are not "existential" and the market may reevaluate the cryptocurrency closer to the U.S. election. "It looks like a potential contrarian bet through the end of the year," the report said.

Read more: Will Ether's Supply Crunch Lead to Higher Prices in Q4?

According to BlockBeats, on September 19, on-chain data analyst @ai_9684xtpa reported that an address suspected to belong to Justin Sun, starting with 0x435, staked 14,000 ETH into Lido approximately 10 minutes ago. Additionally, the same address deposited 110,705 ETH into EigenLayer.

ETH's chart shows a triple bottom pattern similar to 2021's bullish signal.

Q4 2024 might replicate 2021's surge, but market conditions remain unpredictable.

Upcoming Ethereum upgrades and trends could influence the potential for another rally.

ETH’s price chart is turning heads again. Crypto Bullet has spotted a familiar pattern—a triple bottom, just like the one in 2021. Back then, this formation led to a massive surge in Ethereum's price. 

Now, the chart looks nearly identical, raising questions among traders and investors. Let's find out if Q4 will bring another big move for ETH? 

https://twitter.com/CryptoBullet1/status/1836034978020253903 What is a Triple Bottom Pattern?

A triple bottom is a bullish chart pattern that occurs when the price hits a support level three times before rising. In 2021, this exact setup sent Ethereum skyrocketing. 

Now, with a similar pattern forming, many traders are betting on another rally. If ETH mirrors its past, we could see a major breakout soon.

However, markets are never exactly the same. While the pattern looks familiar, external factors like market sentiment and global events could affect the outcome. 

Ethereum also has new dynamics, such as staking and network upgrades. All these factors could influence ETH’s price trajectory.

Will Q4 Bring Another ETH Breakout?

Q4 is traditionally an exciting time for Ethereum. In 2021, the final quarter saw ETH reach new highs. Some believe 2024 could follow the same path. 

But it’s not just the chart that has people talking. Upcoming Ethereum upgrades and growing demand for decentralized apps may fuel another rally.

Still, caution is needed. Even with promising patterns, the crypto market remains unpredictable. A strong historical signal doesn't guarantee future success. 

Traders should stay alert to broader trends and potential shifts in market conditions. Meanwhile, Ethereum's price chart is giving off serious 2021 vibes. 

Although the triple bottom pattern is a strong bullish signal, nothing is certain. Only time will tell if ETH will see another Q4 breakout. 

The post ETH Price Chart Mirrors That of 2021: Is a Big Move Coming in Q4? appeared first on Crypto News Land.

According to Odaily, on-chain analyst Yu Jin has reported that a high-success-rate whale trader sold 5,659.5 ETH at a price of $2,354. The trader had purchased the Ethereum last night at $2,316 per ETH. This transaction resulted in a profit of $210,000 for the trader.

One of the first people to invest in Shiba Inu (SHIB) and made $145 million during the 2021-2022 bull run is now looking to make a profit from a potential new meme coin. 

Spot On Chain says this big investor just swapped 1,003 ETH, which is $2.31 million, for 2.86 billion NEIRO tokens in the last hour, despite the price having gone up over 2,000% last week.

card

This investor has turned to NEIRO, which has been linked to the rise of meme coins surrounding Kabosu Mama's new dog, Neiro. Kabosu is the dog behind the original Dogecoin (DOGE) meme. With this in mind, it is no surprise that meme tokens like NEIROETH and Neiro CTO (Neiro) have gained attention.

Source: Spot On Chain

Previously, NEIROETH reached Binance Futures and crossed the $100 million market cap threshold. Meanwhile, Neiro CTO was pretty much flying under the radar on decentralized exchanges, with a $10 million market cap. However, a recent listing on Binance propelled Neiro CTO's price by over 1,000% overnight, and it has surged 2,139% over the last three days.

Source: TradingView

Even though the initial hype has died down, NEIRO is still performing well, although it is still pretty volatile. This whale's move into NEIRO suggests they are betting on the token's future growth, potentially positioning them for another meme coin success story.

card

While the investor made a lot of money with SHIB, their latest trades have not done as well. Two out of three recent trades, including in NEIROETH and a second SHIB trade, resulted in $13.48 million in combined losses.

According to BlockBeats, on September 18, Leon Waidmann, Head of Research at Onchain HQ, released data indicating that the Ethereum Layer 2 ecosystem is experiencing robust growth, with the total locked value reaching an all-time high of 14.65 million ETH.

Waidmann emphasized that this increase is not only evident in the dollar value but also in the continuous rise in the amount of ETH itself being locked. This trend reflects the rapid expansion of the Ethereum ecosystem.

The cryptocurrency market, led by the largest cryptocurrencies Bitcoin (BTC) and Ethereum (ETH), surged on Tuesday to levels not seen in over a month in anticipation of the Federal Reserve’s (Fed) imminent announcement of its first interest rate cut since the COVID-19 pandemic.

However, despite these expectations or what the outcome of the Fed’s announcement could have on the market, on Bitcoin Halving years, the fourth quarter (Q4) is usually significantly bullish for the two largest digital assets and the broader market.

Exploring The Ethereum Price Performance Post-Bitcoin Halving

Interestingly, Ethereum’s performance following past Bitcoin Halving events has displayed notable variations. Data reveals that in the year following the 2016 Halving, Ethereum experienced a 45% drawdown before embarking on a notable rally that culminated in a 3,400% increase. 

Similarly, after the 2020 Halving, ETH surged by 150% before rocketing to a 2,150% gain. However, since the latest Halving in April, ETH has mirrored Bitcoin’s volatility, encountering notable price fluctuations and establishing lower support levels.

The recent month has not been kind to Ethereum, marked by two significant crashes. On August 5, ETH retraced over 25%, plummeting to a six-month low of $2,110. The downward trend continued into September, with increased selling pressure leading to a drop from $2,800 to approximately $2,150 in just one week.

Despite these challenges, analyst CryptoBullet remains optimistic about Q4’s potential for a turnaround. Notably, the analyst identified a “triple bottom” formation on the ETH/USDT daily chart see in the image below, reminiscent of price action observed in 2021. 

This pattern suggests that Ethereum may be poised for a rebound similar to that seen in 2021, when it surged from around $1,650 to its all-time high of $4,730. Yet, currently trading at approximately $2,330, Ethereum sits over 52% below its previous all-time high.

ETH Price Analysis

Predicting further price volatility for ETH on Wednesday ahead of the upcoming Fed rate cut, there are key levels to monitor. In the past week, ETH has established the $2,260 mark as a significant support level. This price point is crucial, as it could act as a buffer against a further decline toward $2,200 or even a retest of the next major support at $2,100.

On the upside, the 50-day exponential moving average (EMA) is currently positioned at $2,350, serving as a formidable barrier for Ethereum. This resistance level has been preventing the cryptocurrency from retesting the $2,400 mark in the near term.

Should ETH manage to break above these resistance levels, bullish investors will set their sights on the next major resistance at $2,520. Just above this level lies another critical hurdle at $2,620, where the 200-day EMA is situated. This level has not been surpassed since July of this year, when Ethereum’s price fell below it, initiating the current downtrend.

Featured image from DALL-E, chart from TradingView.com

Source: NewsBTC.com

The post Triple Bottom Formation: Is Ethereum Set For Major Upswing In Q4? appeared first on Crypto Breaking News.

There’s clearly a lack of interest in ETH these days.

Addresses holding 100k+ balances, along with accumulating retail addresses, appear to be inactive.

Addresses with balances between 10k and 100k are buying, but at a slow pace.

Meanwhile, addresses holding 100 to 1k continue to sell steadily.

This trend could also be linked to the decline in ETH dominance.

Written by Darkfost

The spot Ethereum ETFs were launched on the US exchanges in the second half of July, but the price of ETH did not benefit from it.

Instead, a few weeks after the launch of spot Bitcoin ETFs, in January, the price of BTC began to rise significantly. 

The comparison between ETH and BTC: the spot Ethereum ETFs are not going as hoped

The Bitcoin spot ETFs on the US exchanges were launched on January 11, 2024. 

At that moment the price of BTC was above $45,000, but just about ten days later it had fallen below $40,000. 

Two factors weighed heavily. The first was the expected “sell the news,” after the rise above $45,000 prior to the launch, while the second was the unexpected large liquidation of BTC by the Grayscale fund (GBTC) which became an ETF. 

However, a month after the launch, the price of Bitcoin had returned above $45,000, and from that moment within another five weeks, it rose to record new all-time highs above $73,000.

The spot ETFs on Ethereum on the US exchanges were launched on July 23, 2024.

At that moment the price of ETH was above $3,400, but within two weeks it had fallen below $2,400.

Even on this decline, the same two factors as before weighed in, namely the sell-the-news and the sales of the Grayscale fund (ETHE). 

In the second half of August, the price of ETH indeed attempted a rebound, even rising above $2,800, but starting from Monday the 26th, it began to fall again. Not only did it drop below $2,400, but on Friday, September 6, it briefly fell even below $2,200.

The trend of ETH price in 2024

The difference between the two parabole is clear, so much so that at this moment even the general performance of 2024 differs. 

In fact, since the beginning of the year, the price of Bitcoin has increased by 42%, while that of Ethereum today is substantially in line with the approximately $2,300 at the beginning of 2024.

In other words, between the second half of February and the beginning of March, the price of ETH rose very simply by following the rise of that of BTC, even reaching to touch 4,100$ for a brief moment. 

Until the end of May, the two trends continued to move in parallel, but starting from the beginning of June, the price of ETH began a long descent that to this day does not seem to be completely over yet. 

Within a month, it dropped from $3,800 to $2,900, then slightly rebounded in mid-July, and resumed falling after the launch of the spot ETFs. 

The moment when the price trend of Ethereum in this 2024 started to diverge from that of Bitcoin was the beginning of August, when BTC recorded a good rebound followed by a period of strong holding, while ETH recorded a small rebound followed by a new period of decline. 

The wrong time for the launch of Ethereum (ETH) ETFs 

According to the CEO of Bitstamp for the Americas, Bobby Zagotta, the timing of the launch of spot ETH ETFs would have been wrong. 

Zagotta does not hide that these ETFs have not met investors’ expectations so far, but attributes this debacle solely to the timing. 

He argues that at this moment cryptocurrencies are behaving like any other risk-on asset, and that the Ethereum spot ETFs were launched in the USA during a difficult time for risk-on assets, and for the markets in general. 

However, if this appears true for Ethereum and many altcoins, it does not seem entirely true for Bitcoin. 

For example, compared to the beginning of May, that is, just over three and a half months ago, the price of Bitcoin is essentially the same, while that of Ethereum is 23% lower. 

So the altcoin have reacted poorly to the trend of risk-on markets in recent months, while Bitcoin has not. 

Zagotta also points out that at this moment many investors are waiting, due to the uncertainty of the outcome of the US elections, regulatory issues, and some socio-political issues. Indeed, the situation seems quite stagnant, even if this means difficulties for altcoins. 

The turning point

In other words, the markets are waiting for a bull. 

A first event that could change the cards on the table is today’s decision, Wednesday, September 18, 2024, on interest rates. Although the markets have already priced in a cut, there is still a lot of uncertainty about its extent, because many experts predict a cut of only 25 basis points, while the markets are more oriented towards a cut of 50 points. 

To this must be added that often October is a good month for financial markets, and in particular for crypto ones, and that on November 5th the presidential elections will finally be held in the USA. 

Therefore, the current situation is unlikely to remain stagnant for much longer, even though it is not yet entirely clear in which direction it will move. 

In the past, after the US presidential elections, a great bull run of the crypto markets has always started, also thanks to a weakening of the dollar, but when something is too predictable, just a few unforeseen events are enough to change the situation.

Ethereum’s (ETH) price action has remained underwhelming recently, with a 9% drawdown in September. ETH’s Q3 is en route to becoming the third-worst period in terms of returns since inception.

Yet, favourable technicals are starting to surface for the altcoin as a bullish fractal is reaching a conclusive state.

Ethereum mirrors fractal from 2021, 2024

From a technical standpoint, a market fractal is a historically repetitive pattern that allows traders to identify trend reversals in the charts. Ethereum is currently painting a bullish fractal setup, initially observed in 2021.

The chart below illustrates that the pattern consists of a five-point setup. The pattern witnessed a sharp correction between I and II, and II marks the fractal low value. From II to III, the price recovers to the Fibonacci zone of 0.5-0.618, i.e., the golden zone. 

Ethereum 1-day chart. Source: TradingView

IV represents a higher low with respect to II, and V represents a lower high with respect to III. Finally, VI forms an equal low with IV, where a liquidity sweep occurs, and the fractal concludes with a bullish exit.

These key fundamental points must be repeated for another fractal to follow the same pathway. 

In 2024, the same fractal pattern can be identified in Q2, which precisely followed the five-point setup and bullish exit post-VI in the market. A sharp price correction was followed by a recovery to the “golden zone” before forming higher lows and lower highs. Now, it is taking shape yet again.

Ethereum 1-day chart. Source: TradingView

Ether has yet to complete VI, which would be another low liquidity sweep around $2,150 (IV) before a potential bullish exit to $3,375, i.e., a 52% rally. 

If Ether confirms the last two points of setup, the pattern will be completely identical, increasing the probability of a parabolic rally in the next few weeks. 

It is “go time” for ETH price, says analyst

Ethereum has struggled to appease ETH holders in Q3, with the altcoin facilitating a 33% drawdown since the beginning of July. 

However, few analysts believe that Ether is primed for renewed rally after a tumultuous period. Javon Marks, an independent market analyst, indicates that ETH is following a pattern from 2023, which led to a 165% rally in Q1 2024. In an X post, Marks highlights that it is “go time” for ETH and says, 

“2023 looks to have been the blueprint for another massive upside that can be soon transpiring in this crypto market. Target is at $4,723.5 and a break above can welcome $8,100+ into play, projecting another near 2X in price, if not much, much more.

Like the above analyst’s high target of $8,100, CoinsKid, an anonymous trader, sees a high price of $8,000 based on a setup that has been forming since 2019. 

Ethereum analysis by CoinsKid. Source: X.com

The setup in context follows a broadening ascending wedge for ETH, which is close to completing a four-point contact pattern. But, bouncing from the current level is crucial, says the analyst; otherwise, the pattern could be invalidated at $1,511.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Ethereum Layer 2 adoption has reached an all-time high of 14.65M ETH locked.

The value of ETH locked has grown 109.61% over the past year.

The total value locked in USD has reached $33.95 billion, marking a 199.03% yearly increase.

Ethereum’s Layer 2 networks are gaining traction, with 14.65 million ETH currently locked in various protocols. The locked value has skyrocketed by 109.61% in the past year, according to the latest data from L2Beat.

Ethereum’s Layer 2 solutions are built to deliver faster and more affordable transaction processing compared to the main Ethereum network (Layer 1). In the last 30 days alone, the amount of ETH locked in Layer 2 solutions grew by 6.75%, showing consistent growth. This week, the figure hit an all-time high of 14.77 million ETH valued at over $33 billion.

“Ethereum’s Layer 2 is Unstoppable” — Top Analyst

Leon Waidmann, Head of On-chain Insight, weighed in on the latest data, noting, “The adoption of Ethereum’s Layer 2 is unstoppable.” According to him, the steady increase in ETH locked is key to an increased value of Ethereum, not just in monetary terms.

Looking at the increase in ETH locked in t…

The post Ethereum Layer 2 TVL Surges to $33.95 Billion, ETH Locked at All-Time High appeared first on Coin Edition.

#Ethereum (ETH) is struggling to stay above $2,300, with the price tumbling over 4% on Sunday, as bears continue to exert influence. As a result of the selling pressure, #ETH has remained in a downward trend, with the price unable to garner enough momentum for a reversal. If ETH can stay above the $2,300 level, it is likely to enter a consolidation phase, staying within $2,300 and $2,400 in the near term. As we can see in the price chart, ETH was fairly positive last week, rebounding after it dipped to a low of $2,150 on September 6. ETH’s gradual recovery saw it push back above $2,300 on Monday. However, it was unable to register a significant push upwards and fell back into the red on Wednesday, dipping to a day low of $2,280 before recovering and settling above $2,300.
ETH recovered on Thursday, registering a marginal increase before a 3.34% increase on Friday saw ETH climb above $2,400 and settle at $2,442. However, ETH faced significant selling pressure at this level, and with the downward-sloping 20-day SMA also acting as a dynamic resistance level, ETH fell back into the red over the weekend, dropping by 0.91% on Saturday. Selling pressure intensified on Sunday as ETH registered a drop of over 4% to slip below $2,400, dropping to $2,318. Sellers pushed ETH below $2,300 on Monday, as the current week began with bearish sentiment persisting.
ETH is currently up by 0.68%, with buyers pushing it back above the $2,300 level. However, they have failed to build momentum to reverse ETH’s current downward trend. For a reversal to take place, ETH must push above $2,400. Consolidation above this level could allow ETH to push above $2,500. However, sellers will try to overwhelm the support at $2,300. Should this level be breached, ETH could drop towards $2,100 or lower.
$ETH
#BinanceTurns7

It looks like the crypto market is entering a slow recovery mode, with most of the top 10 projects seeing nice jumps over the past week.

However, Ethereum failed to follow the market sentiment, and remained around $2,300 level throughout the week – industry insiders are blaming a large number of ETH whales who liquidated their positions on 9th of September.

Luckily for ETH, the price stagnation attracted a new wave of traders who bought the dip and could get it out the current stalemate.

Top industry analysts are saying that this might be a good time to stock up on some ETH, and a couple of presale projects like Pepe Unchained ($PEPU), Crypto All-Stars ($STARS), and the Memebet Token ($MEMEBET).

Let’s see why…

>>>Buy The Best Crypto Now<<<

Investor Confidence Grows – Spot Ethereum ETF Sees $1 Million Inflow Amid Market Volatility

On September 13, 2024, the Spot Ethereum ETF got a $1 million inflow, which, honestly, felt like a breath of fresh air for anyone watching the crypto market closely. 

The Spot #Ethereum ETF saw $1,500,000 inflow yesterday! pic.twitter.com/zO0eCcvYrO

— Crypto Rover (@rovercrc) September 14, 2024

It’s been a bumpy month, with Ethereum and other cryptos like Bitcoin all over the place. 

Sure, the market still has its ups and downs, but this new capital boost seems to signal that people are starting to trust Ethereum as a long-term investment again.

The days leading up to this weren’t great. For a solid week, we barely saw any inflows, and a few days even saw whale money flowing out. 

So, to see $1 million come in all at once? That felt big. It wasn’t just a bunch of whales either—both institutional players and regular retail investors seem to be dipping their toes back in.

Ethereum still has its share of wild market swings, and yeah, we’re not out of the woods yet. But this inflow shows us that some investors out there are starting to see it as a safer bet again. 

3 Projects That Could Provide Bigger Gains Than ETH – Quick Overview

Let’s start by covering the basics of these promising projects: 

Pepe Unchained ($PEPU) – Best Frog-Themed Meme Coin Presale Raises Over $13.5 Million

Crypto All-Stars ($STARS) – The New Meme Coin ICO Eyes a Possible Binance Listing

The Memebet Token ($MEMEBET) – A New Player in the Meme Coin Casino World

>>>Buy the Best Crypto Now<<<

3 Projects That Could Provide Bigger Gains Than ETH – Detailed Analysis

Now, let’s go into a bit more detail.

Pepe Unchained ($PEPU) – Best Frog-Themed Meme Coin Presale Raises Over $13.5 Million

Pepe Unchained ($PEPU) is arguably one one of the best presales available at the moment, and it’s not hard to see why. 

The project is building off the success of the original Pepe meme coin, but its also taking things up a notch with some serious technological upgrades. 

At the center of its hype is its Layer 2 blockchain called the ‘Pepe Chain,’ which aims to fix Ethereum’s well-known issues—like slow transaction speeds and high gas fees. 

For meme coin traders who are tired of waiting around and burning cash on fees, Pepe Unchained is a long awaited change.

What’s really got people talking though is the massive $13 million it raised during presale. That number alone is drawing in both crypto experts and regular investors, who are hoping to jump in early before it explodes. 

Combine that with its unique “double staking” system offering a sky-high APY, and it’s clear why so much excitement surrounds this coin.

The meme coin world loves a good underdog story, and Pepe Unchained seems like it’s about to write the next chapter. Investors are betting it could go huge—especially with the next bull run on the horizon.

>>>Buy Pepe Unchained Now<<<

Crypto All-Stars ($STARS) –The New Meme Coin ICO Eyes a Possible Binance Listing

Crypto All-Stars ($STARS) is making a name for itself in crypto, and it’s not just because of its catchy branding. 

This project is offering something new—a staking platform specifically for meme coins, called MemeVault. 

Instead of just holding meme coins and hoping for a bull market, investors can now stake tokens like $DOGE, $SHIB, or even the newly listed $TURBO and earn rewards in $STARS tokens.

What makes Crypto All-Stars so special is the buzz about a possible Binance listing. If $STARS lands on Binance, it could follow the explosive path of tokens like $NEIRO, which saw a huge price surge after its listing. 

The project’s presale has already raised over $1.3 million, and with a target of $1.5 million in sight, interest is growing fast.

On top of all that, $STARS offers a 1,133% APY in its own staking pool, which has already attracted whales snapping up large amounts of tokens. With whales involved and the potential of a Binance listing, the hype is real. 

If you’re looking for a meme coin with actual utility, Crypto All-Stars might be the best option that you have

>>>Buy Crypto All-Stars Now<<<

The Memebet Token ($MEMEBET) – A New Player in the Meme Coin Casino World

Memebet Token ($MEMEBET) is rising to fame by combining meme coin culture with online gambling. 

Memebet is its unique crypto casino, designed to let users wager meme coins like $DOGE, $SHIB, and $PEPE. 

What’s generating all the hype is Memebet’s ability to stand out in an overcrowded meme coin market. 

Rather than just being another token with a funny mascot, Memebet brings utility. The casino introduced a lot of games and gave high-rollers exclusive perks like VIP bonuses and access to high-stakes tables. 

Plus, the project has built-in rewards through airdrops, which gives early presale buyers even more reasons to get in on the presalle.

The timing is perfect, too. As crypto gambling grows, Memebet’s focus on meme coin betting could help it carve out a niche. 

While it’s still early, the buzz surrounding its presale and the potential for huge returns has got the crypto community talking. 

 >>>Buy The Memebet Token Now<<<

Conclusion

As we mentioned earlier, crypto seems to be slowly crawling its way back up, with ETH ETFs seeing some big whale inflows. This has definitely sparked a new wave of interest in presales. But yeah, let’s be honest, the market is jam-packed with new projects every other day. 

That said, a few are actually starting to stand out from the noise.

Pepe Unchained, Crypto All-Stars, and Memebet Token are grabbing attention, and not just because of the hype. These projects seem to offer something real—actual utility and a lot of upside potential. 

Of course, there’s always a lot of speculation, and nobody can predict the future, but these ones are striking the right chord with both retail and big-money investors. 

ould they be the next big thing? Maybe. It’s hard to say in this space, but they definitely have people talking.

Disclaimer: CaptainAltcoin does not endorse investing in any project mentioned in this article. Exercise caution and do thorough research before investing your money. CaptainAltcoin takes no responsibility for its accuracy or quality. This content was not written by CaptainAltcoin’s team. We advise readers to do their own thorough research before interacting with any featured companies. The information provided is not financial or legal advice. Neither CaptainAltcoin nor any third party recommends buying or selling any financial products. Investing in crypto assets is high-risk; consider the potential for loss. Any investment decisions made based on this content are at the sole risk of the reader. CaptainAltcoin is not liable for any damages or losses from using or relying on this content.

The post Traders Rushing Back to Ethereum – Can ETH Recover This September? appeared first on CaptainAltcoin.

Ethereum price started a recovery wave above the $2,320 resistance. ETH is now struggling to gain pace for a move above the $2,385 resistance.

Ethereum started another decline from the $2,385 resistance.

The price is trading below $2,350 and the 100-hourly Simple Moving Average.

There was a break above a short-term declining channel with resistance at $2,290 on the hourly chart of ETH/USD (data feed via Kraken).

The pair must clear the $2,350 resistance to continue higher in the near term.

Ethereum Price Attempts Recovery

Ethereum price formed a base near $2,250 and started a fresh increase like Bitcoin. ETH was able to clear the $2,300 and $2,320 resistance levels.

There was a break above a short-term declining channel with resistance at $2,290 on the hourly chart of ETH/USD. The pair was able to climb above the 50% Fib retracement level of the downward wave from the $2,465 swing high to the $2,252 low.

The price even spiked above $2,260 before the bears appeared. There was a rejection near the 61.8% Fib retracement level of the downward wave from the $2,465 swing high to the $2,252 low.

Ethereum price is now trading below $2,350 and the 100-hourly Simple Moving Average. On the upside, the price seems to be facing hurdles near the $2,340 level. The first major resistance is near the $2,385 level. The next key resistance is near $2,420.

An upside break above the $2,420 resistance might call for more gains. In the stated case, Ether could rise toward the $2,450 resistance zone in the near term. The next hurdle sits near the $2,550 level.

Another Decline In ETH?

If Ethereum fails to clear the $2,340 resistance, it could start another decline in the near term. Initial support on the downside is near $2,300. The first major support sits near the $2,250 zone.

A clear move below the $2,250 support might push the price toward $2,180. Any more losses might send the price toward the $2,120 support level in the near term. The next key support sits at $2,050.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Major Support Level – $2,300

Major Resistance Level – $2,385

Source: NewsBTC.com

The post Ethereum Price Comeback in Jeopardy: Is a Pullback Coming? appeared first on Crypto Breaking News.

The post Ethereum Price Prediction: Can ETH Price Slingshot To $3k With This? appeared first on Coinpedia Fintech News

With the crypto market completing the first half of September on a bearish note, the possibility of history repeating has increased. Further, with the price of Bitcoin stabilizing around the $58,000 level, the cryptocurrency market is speculated to have entered into a cool-off period.

Despite hovering close to its resistance/support level of $2.3k, the Ethereum price hints at a potential bullish reversal. Moreover, the price is anticipated to retest its upper high of $3K in the coming time.

But what could trigger the price of ETH to retest its monthly high? Reportedly, over the past few days, the Ethereum staking has witnessed a significant increase in its volume. This shows an increased inflow of digital assets through more number of users.

ETH Price Analysis

The Ethereum price has been trading below its important resistance level of $2,500 over 20 days. During this period, it has faced repeated rejection at this point. This highlights a strong selling point for the altcoin at that level.

Despite recording a jump of ~1% within the past day with a trading volume of $13.57 billion, it has recorded a drop of 1.67% over the past week. Moreover, it has plunged 12.79% during the past month and has a YTD return of -1.68%. This highlights long-term bearish action.

The Moving Average Convergence Divergence (MACD) has recorded a constant decline in the green histogram. This indicates a weak buying pressure for the Ethereum price in the market.

Furthermore, the SMA indicator acts as a resistance to the ETH price chart in the 1D time frame. This suggests a weak outlook for the leader of altcoins this week.

Will Ethereum Price Hit $3k Again?

Suppose, the crypto market experiences a bullish reversal, in that case, the ETH coin price will prepare to retest its resistance level of $2.4k. Maintaining the price above that level could set the stage for this altcoin to head toward its upper high of $2,500 in the coming time.

On the flip side, if the bears continue gaining momentum, the Ethereum token could test its low of $2,200. Moreover, if the bearish sentiment intensifies, it could plunge toward its lower support of $2,100 this month.

Keen on learning about the future prospects of Ethereum? Read our ETH Price Prediction!

According to PANews, an early SHIB investor recently exchanged 1,003 ETH (approximately $2.31 million) for 2.86 billion NEIRO tokens within the past hour, despite NEIRO having surged 17 times in value. This investor had previously earned $145 million from SHIB during 2021/22. However, two of their recent transactions, including NEIRO and another SHIB trade, resulted in a combined loss of $13.48 million. On August 30, the investor converted their losing SHIB holdings into 3.114 million FET tokens, which currently show a floating profit of $715,000 (+20.7%).

Coinspeaker SHIB Whale Swaps $2.31M in ETH for NEIRO amid 17x Surge

Ethereum-based dog meme coin NEIRO NEIRO $0.0009 24h volatility: 126.8% Market cap: $361.21 M Vol. 24h: $754.25 M has been recently on the radar by surging by a staggering 115% in the last 24 hours, and currently trading around $0.0008265. As per the latest report, Shiba Inu Whale has been liquidating its SHIB holdings and buying more NEIRO coins in anticipation of a further rally.

On-chain data provider Spot on Chain reported that an early whale of Shiba Inu has sold a total of $2.31 million worth of Ethereum swapping it against the NEIRO coins. Despite the 17x pump in the NEIRO price recently, the whale has purchased 2.86 billion NEIRO tokens in anticipation of a further price surge.

Back in 2021 and 2022, the SHIB whale had made strong gains of around $145 million by trading the SHIB coins. However, in two recent trades involving NEIRO and Shiba Inu, the same whale has booked a loss of $13.48 million. Besides, spot on Chain also reveals that the investor made a more favorable move on August 30, swapping their losing SHIB for 3.114 million Fetch.ai (FET) tokens. This trade has so far yielded an unrealized profit of $715,000, or a 20.7% gain.

This early SHIB buyer swapped 1,003 $ETH ($2.31M) for 2.86B $NEIRO in the last hour, despite the x17 pump!

Though the whale made $145M from $SHIB in 2021/22, 2 out of its 3 recent trades, including #NEIROETH and the 2nd $SHIB trade, haven’t been as successful, resulting in… https://t.co/Rh1SIhTtN4 pic.twitter.com/LXajvUQM1t

— Spot On Chain (@spotonchain) September 18, 2024

What’s behind the NEIRO Price Surge?

Ethereum-based latest meme coin NEIRO has gained significant attention recently after receiving support from some of the top crypto exchanges like Binance, KuCoin, and others. This has provided a strong liquidity boost to the meme coin.

Earlier this week on Monday, September 16, NEIRO debuted on the Binance’s spot and futures market. This led to an unprecedented 800% surge in its price within just 24 hours. As a result, NEIRO extended its weekly gains to more than 1,200%.

Boosting NEIRO’s visibility, KuCoin also began trading the token under the symbol NEIROCTO for the NEIROCTO/USDT pair on September 17, following a naming conflict. The exchange has enabled deposits via the ETH-ERC20 network, with withdrawals set to be available starting September 18.

Furthermore, crypto exchange Bybit also allowed the deposits and withdrawals of the NEIRO memecoin on the Ethereum blockchain networks.

These listings by the world’s top crypto exchanges have boosted NEIRO’s market presence, triggering a surge in volatility driven by growing investor interest and speculative trading.

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SHIB Whale Swaps $2.31M in ETH for NEIRO amid 17x Surge