Ethereum (ETH), currently trading near $1,880, may break its previous high of nearly $5,000 due to growing institutional adoption, according to Fundstrat co-founder Tom Lee. He highlights that unlike past growth driven by ICOs and NFTs, this new phase is led by Wall Street players like BlackRock and JPMorgan expanding blockchain investments. Ethereum remains dominant in developer activity and benefits from new platforms like Robinhood Chain, which uses ETH for transactions. Despite some skepticism over Ethereum's resistance at $5,000 and the nature of Robinhood Chain's trading volume, Lee's bullish outlook is supported by BitMine's significant ETH holdings, positioning it well for institutional growth.
Top traders in Ethereum futures markets have significantly increased their long positions, with USDT-margined accounts holding longs jumping over 6 percentage points. This shift indicates growing bullish sentiment among sophisticated traders, especia...
Ethereum (ETH) has rallied from June lows around $1,500 to nearly $1,950, showing strong short-term bullish momentum. It has moved above its 20-day and 50-day moving averages, which now act as support, but faces resistance at the 100-day EMA near $1,...
Large Ethereum purchases by whales, including Arthur Hayes buying 1,293 ETH and a 21.3K ETH transfer from Fidelity Custody to a new wallet, highlight growing institutional confidence despite ETH trading below $2,000. Exchange data shows mixed short-t...
The recent crypto market rebound has halted, with Cash Cat and Dogecoin struggling near their lows amid persistent selling pressure. Cash Cat remains below key moving averages, consolidating around $0.10, while Dogecoin trades near $0.0737, stuck bel...
Cryptocurrency markets saw a general decline with Bitcoin priced near $64,223, down 0.99%, and Ethereum falling 2.65% to around $1,874. Other major coins like Binance Coin and Solana also dropped slightly. This reflects ongoing market volatility and ...
