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.
Ethereum's native token, Ether (ETH), is poised for a 20% rally following a breakout from a bull flag pattern, which has already driven an 85% price increase since June. The breakout suggests a potential upside target near $3,250, a previous resistan...
Ethereum futures open interest on Binance has surged to $6.58 billion, the highest in over nine months, driven by a price breakout above $2,700. This 37% increase since late August reflects renewed bullish sentiment and growing participation in Ether...
A sharp price increase in XRP, NEAR, and other altcoins triggered $666 million in forced liquidations of short positions within 24 hours, marking the largest wave of crypto short squeezes in months. XRP rose nearly 8%, NEAR surged over 11%, and Bitco...
Bitcoin and major cryptocurrencies rallied strongly, with Bitcoin reaching around $85,700 and many altcoins up 10% or more. Investor Kevin O'Leary forecasted Bitcoin could hit $1 million if the crypto industry addresses the potential future threat of...
Ethereum surged 6% to $2,719 on September 21, breaking a key resistance level at $2,672 following Bitcoin's rise above $85,000. This triggered a major short squeeze, liquidating over $700 million in crypto positions within 24 hours, with $313 million...
