Kategorie: Ethereum News

Ethereum (ETH), the second-largest crypto in the world, finally managed to surge past $3000 this week in a two-week rally. ETH bulls have managed to keep the price there. Also, we are seeing whale accumulation in Ethereum increase. Here are some notable details:

• Increased whale demand could trigger a decisive 2022 rally

• Some analysts believe that the coin could hit $6100 by year-end.

• Ethereum could also generate nearly $12 billion in fees this year.

Data Source: Tradingview 

Ethereum (ETH) – Where does the price go next?

This is the sixth day in a row we have seen Ethereum surge. The coin in fact briefly rose past monthly highs of $3200 before finally retreating slightly. The short-term outlook is very bullish. In fact, analysts are watching to see how ETH holds up in the coming days.

If indeed, it’s able to surge past the 200-day EMA of $3144, then we could see enough bullish momentum that takes the coin well above $4000. This will represent nearly 55% in gains from this year’s lowest price of around $2159. 

As for the long-term outlook, ETH could possibly hit $ 6100 this year. This is actually a very modest and conservative estimate. Some experts in fact think that with improved sentiment, we could get to $10,000. But there are still some potentially risky factors, including the runaway inflation in the US.

Is Ethereum (ETH) the best crypto this year?

Well, if you are looking for steady growth in capital, then Ethereum (ETH) is a fairly decent option to buy. The coin will not deliver 100x growth of course. But it has the potential of offering between 20% and 30% in 2022. 

For any investor looking for a safer bet when it comes to crypto, you won’t find a better alternative than Ethereum. Besides, the coin has also attracted a lot of institutional money.

The post Whale Holdings for Ethereum (ETH) continues to surge as coin prepares for a bull run appeared first on Coin Journal.

There are many strategies that anyone can follow in their effort to invest in crypto. But one approach that often seems to work is following big money. When large wallet investors are loading up a certain asset, then you should as well. Here is why:

• Whales don’t often engage in speculative short-term trading.

• Large wallets also buy assets that have very good long-term value.

• Whales may also know something that you don’t about a given asset.

For folks who are serious about following whale money, the following top 3 coins should be a great place to start:

Ethereum (ETH)

Ethereum (ETH) is the second-largest cryptocurrency, and it’s no wonder a lot of large wallets will be interested in it. In fact, during the last few weeks, when ETH dipped significantly, we saw more and more whales buying it. 

Data Source: Tradingview 

The reason for this is actually very simple. Ethereum has staying power. It is an asset that will be here with us for a very long time. There have also been several new developments with the Ethereum 2.0 project. This could bring more value to the Ethereum ecosystem in the long run.

Dogecoin (DOGE)

Meme coins are also quite popular with whales. But unlike new coins that are still struggling for legitimacy, DogeCoin (DOGE) has been here for years. It has had its highs and lows, of course. But despite that, DOGE has grown to become one of the most important crypto assets. It’s therefore not surprising to see a lot of whale accumulation here.

Binance Coin (BNB)

Binance Coin (BNB) is the main crypto for the Binance exchange, one of the biggest crypto trading platforms in the world. Like the two coins we have listed above, BNB has a lot of legitimacy and staying power. This is because it is linked with a serious and strategic business within crypto.

The post Following the Whales: 3 popular coins among large wallet investors appeared first on Coin Journal.

Ethereum (ETH) has continued to report modest gains as it steadies up the price action over the last few days. The coin is now approaching a very crucial resistance, and there is a real chance it will reclaim it. What does this mean? Well, here are some pointers:

• Ethereum (ETH) has now surged to a weekly high and is expected to continue.

• The coin is getting closer to its 50-day EMA of $2820.

• At press time, ETH was trading at $2810, up about 4% for the day.

Data Source: Tradingview 

Ethereum (ETH) – Why $3200 is happening

The $2820 support is crucial for one main reason. If ETH reclaims it, it will be the first time in a few weeks it has surged above its 50-day exponential moving average or EMA. This often indicates a bullish trend is starting to form. 

Also, the last time Ethereum rallied from this zone, it went on to hit $3600. The coin has also hit weekly highs, and as sentiment in the market improves, it’s only a matter of time before it tests $3200.

The most important thing now will be for bulls to hold $2820. If they can do this at the end of the week, then we will be in bullish territory for ETH. But a failure to do so will send the coin to the next support of $2600.

Is Ethereum Struggling?

A lot of things have been happening in the Ethereum ecosystem. There is a big shift towards Ethereum 2.0, which will usher in a proof of stake model. But market volatility has hampered growth for the coin. 

This will remain the case for the near term. But we believe that ETH will find sufficient demand in the long term and could still end the year at $10,000. But so many downside risks still pose major challenges.

The post Ethereum approaches crucial resistance zone – Here is why $3200 is happening appeared first on Coin Journal.

It’s unimaginable to think right now that Ethereum (ETH) could fall below $2000. It will mean that the coin will be right in the middle of a bear market. But it is actually possible thanks to several downside risks. We will highlight them in detail below but first, here are several highlights:

• The biggest risk comes with the possible launch of Ethereum 2.0.

• As Ethereum 2.0 merge with the Beacon chain, it will trigger severe selling across multiple exchanges.

• This could push ETH towards $1800 in the near term.

Data Source: Tradingview

Ethereum (ETH) – Why is the Merge risky?

Ethereum has been talking about a move towards a proof of stake consensus for a while now. This is expected to make transactions faster and cheaper on the chain. But merging the proof of stake with the current Ethereum Mainnet will have its risks. 

In fact, experts warn that it will trigger major selling across all exchanges, something that could sink ETH towards $1800. Besides, Ethereum has shown very little upward momentum in recent days. The coin is now trading at around $2500 and has struggled to clear the $3000 mark. 

We are still not sure when the migration towards Ethereum 2.0 will happen. But recent reports indicate that final testing is already underway. The good news is that the possible drop will rebound faster than other dips.

Why Ethereum 2.0 is a good thing?

Although the merge towards Ethereum 2.0 is a high-impact event that will increase volatility for ETH, it is actually a very good thing. After all, the biggest challenge for Ethereum has always been the slow speed of its network and the high gas fees. 

A move towards Ethereum 2.0 will fix this. It would mean now that more apps and projects will come on Ethereum. This will have a huge impact on the chain and its future growth.

The post Downside pressure could push Ethereum (ETH) towards $1800 appeared first on Coin Journal.

The crypto market has dipped quite significantly in the last two weeks or so. Bitcoin for instance has tanked below $40,00 after recently testing $45,000. It’s not clear when the downtrend will abate. But even then, there are still some decent dips that you can consider. Here is why:

• The current dip has been triggered mostly by geopolitical factors.

• There is no significant systematic risk in the market as of now.

• The crypto market is expected to rebound in the near term.

So, if you want to ride the coming recovery after the recent slump, then we have some assets to watch out here below:

Ethereum (ETH)

Ethereum (ETH) was predicted to hit $10,000 in 2022 after a very good performance in 2021. But the coin has not started the year in the same fashion. After slumping to around $2000 in January, we saw some decent bullish momentum at the start of this month. 

Data Source: Tradingview 

At some point, ETH was even about to thrust over $4000. But ever since, the coin has fallen. At press time, it was trading at around $2500. We expect ETH to bounce back to $3200 in the near term, so it’s a great dip to check out.

Near Protocol (NEAR)

The fundamentals of the Near Protocol (NEAR) have often been quite decent to say the list. But the coin is really bleeding right now, losing over 20% in the last 7 days. Although a rebound won’t come soon, it will manifest eventually. NEAR is at the moment is trading at $8.63, a massive discount considering the potential it has.

Theta Network (THETA)

Theta Network (THETA) has also been in the crosshairs of the Ukraine-Russia tensions. The coin has fallen by over 25% in the last 7 days. This weakness is likely to continue of course but there is still a lot of upsides to gain once the market rebounds.

The post Following the dips – Top crypto assets to watch in the recent slump appeared first on Coin Journal.