Tag: eth

ETH Eyes $4.4K Retest Amid Liquidity Shift

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Key takeaways: Ethereum failed to break $4,800, with a bearish divergence leading to a 3% correction. Spot selling pressure rose, but leveraged traders remain active. A rebound from $4,400 could reset bullish momentum toward new highs. On Monday, as Bitcoin (BTC) rallied to a new all-time high, Ether (ETH) failed to clear its resistance at $4,800, triggering a sharp 3% correction below $4,500 on Tuesday. The price dip took place on the back of a bearish divergence on the four-hour chart. This typically indicates that buyers are losing strength, often…

Grayscale Stakes $150M ETH, Industry Awats Staking ETP Approval

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Crypto-focused asset manager Grayscale staked $150 million worth of Ether after introducing staking for its exchange-traded products (ETPs) on Monday. The asset management company staked 32,000 Ether (ETH) worth $150 million, according to blockchain data platform Lookonchain. The transfer occurred a day after Grayscale introduced staking for its Ether ETPs, making it the first US-based crypto fund issuer to offer staking-based passive income for its funds. The move enables Grayscale’s ETP and its shareholders to start earning passive income via staking rewards on the $150 million. These staking rewards will…

SharpLink’s ETH Treasury Nears $1B in Unrealized Gains

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SharpLink Gaming’s Ether holdings surged in value as the cryptocurrency climbed nearly 4.5% in the past 24 hours, pushing the company’s unrealized gains close to $1 billion. On Tuesday, the company said its unrealized profit from its Ether (ETH) purchases has surpassed $900 million since it initiated its accumulation strategy on June 2.  Strategic ETH Reserve data shows that SharpLink holds 838,730 ETH on its balance sheet, worth around $3.93 billion at current prices. This makes the company one of the largest holders of ETH, with 0.69% of the asset’s…

Bitcoin Hits New All-Time High, ETH Could Be Next

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Key points: Solid buying in Bitcoin ETFs last week helped propel the price to a new all-time high on Sunday, with buyers attempting to extend the rally on Monday. Several altcoins are showing strength and are striving to rise above their overhead resistance. Bitcoin (BTC) pulled back after hitting a new all-time high of $125,708 on Sunday, but the bulls did not cede much ground to the bears. That shows the bulls are not rushing the exit as they anticipate the rally to continue. The bulls have again pushed the…

Korean Retail Capital Bolstering ETH Price, Ether Treasuries: Samson Mow

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Korean retail investor capital is fueling Ether’s price momentum and the rise of corporate Ether treasury firms, according to industry insiders, as the world’s second-largest cryptocurrency trades just 7% below its all-time high. The “only thing” keeping the Ether (ETH) price and Ether treasury firms at their current levels is around $6 billion worth of Korean retail capital, according to Samson Mow, the CEO of Bitcoin technology company Jan3. “ETH influencers have been flying to South Korea just to market to retail. These investors have zero idea about the ETHBTC…

Tom Lee’s BitMine acquires 179,251 ETH in the past week

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Key Takeaways BitMine, a publicly traded firm, acquired 179,251 ETH tokens in the past week. The company is aggressively accumulating Ethereum as a core treasury asset. Share this article BitMine, a publicly traded firm focused on aggressive accumulation of Ethereum as a core treasury asset, acquired 179,251 ETH tokens over the past week. The acquisition reflects BitMine’s pattern of buying Ethereum in large batches during market dips as part of its strategy to build substantial crypto treasury holdings. The company has been expanding its Ethereum position through strategic purchases, positioning…

Ethereum Foundation Converts $4.5M ETH to Stablecoins

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The Ethereum Foundation (EF) announced plans to convert 1,000 Ether (ETH) into stablecoins to finance research, grants and donations, aligning with its broader treasury strategy and involvement in funding decentralized finance (DeFi) initiatives.  The sale, worth approximately $4.5 million at current prices, was executed via CoW Swap, a decentralized trading protocol that aggregates liquidity across multiple exchanges to offer users competitive prices without relying on a centralized intermediary. Neither the foundation’s announcement nor its treasury policy specified which stablecoins it would receive in exchange for the ETH. Source: Ethereum Foundation…

Ethereum Foundation to convert 1000 ETH to stablecoins via CoWSwap

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Key Takeaways Ethereum Foundation will use CoWSwap’s TWAP feature to convert 1,000 ETH into stablecoins. The conversion will utilize CoWSwap’s Time-Weighted Average Price (TWAP) feature to minimize market impact from large trades. Share this article The Ethereum Foundation plans to convert 1,000 ETH to stablecoins using CoWSwap, a decentralized exchange protocol that facilitates crypto asset swaps. At current prices, the transaction is worth more than $4.5 million. The foundation will utilize CoWSwap’s Time-Weighted Average Price (TWAP) feature to execute the conversion, which enables time-averaged price executions to minimize market impact…

ETH Setup Hints at 100% Rise After Potential Bottom at 3.9K

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Key takeaways: Ethereum may have found a floor at $3,900, signaling a local bottom. A rare Power of 3 pattern suggests a potential 80% to 100% breakout in Q4.  Ether (ETH) may have signaled a local bottom at $3,900, with a key technical pattern pointing to the possibility of another large-scale breakout. As identified in the daily chart, traders could be closely watching the return of the Power of 3 (PO3) model, also known as the Accumulation-Manipulation-Distribution setup, which previously drove ETH to $4,900 from $2,000 between May and June.…