Author: Crypto News Live
ETH to $5,000: Analyst insights on the path forward Ethereum’s march toward $5,000 is gaining traction as analysts highlight key technical patterns. Popular trader Jelle emphasized a critical resistance-to-support flip above $3,800, which could serve as the springboard for Ethereum to breach the psychological $5,000 threshold. Meanwhile, Michaël van de Poppe points to a bullish divergence in the ETH/BTC relative strength index RSI on three-day timeframes, showing Ethereum’s growing dominance within the crypto ecosystem. As Bitcoin’s rally cools, ETH’s recent gains signal a shift in market focus, with traders expecting continued upward momentum fueled by institutional interest, ecosystem development, and…
Ethereum saw positive on-chain activity in November. ETH also ended the month positively. Ethereum’s on-chain activity soared to remarkable levels in November, with its monthly transaction volume hitting over $180 billion. This milestone also marked the network’s most significant monthly volume in nearly three years, surpassing recent months’ performance and highlighting Ethereum’s pivotal role in the blockchain ecosystem. Ethereum volume reaches a new high According to analysis of data from IntoTheBlock, Ethereum has hit its highest on-chain volume in 2024. A look at the chart showed that its volume in November was $183.74 billion, surpassing the record volume of $183.94…
Age of Mars, a top web3 gaming ecosystem, has teamed up with Metapro to reach more players and developers through Metapro’s innovative hub. As a result of this partnership, it is much easier to make immersive, player-centred experiences, and developers now have the tools they need to be more creative with web3 games. NEW PARTNERSHIP | Age of Mars x Metapro 🔥We’re excited to announce our new step toward expanding the Age of Mars universe!🚀 The Age of Mars page is now available on @metaproapp — an innovative hub for gamers, developers, and blockchain enthusiasts. 🔗Check it out:… pic.twitter.com/W2qQRs5JEi —…
An analyst has placed these mid-term and long-term targets for Ethereum based on an Ascending Parallel Channel that has been forming in its weekly price. Ethereum Has Been Traveling Inside An Ascending Channel For A While Now In a new post on X, analyst Ali Martinez has discussed where ETH could be heading next based on a pattern forming in its weekly price chart. The pattern in question is the Ascending Channel from technical analysis, which is a type of Parallel Channel. A Parallel Channel is made up of two parallel trendlines between which the price of the asset consolidates.…
Buterin is advocating for simplifying wallet design to enhance user experience and security Ethereum’s resilience is evident, with ETH showing strong growth despite Foundation’s sell-offs In his essay “The Three Transitions,” Ethereum [ETH] Co-founder Vitalik Buterin presented a forward-looking vision for the future of cryptocurrency wallets, emphasizing three essential areas – User experience, security, and social recovery mechanisms. In fact, Buterin addressed a significant challenge in the crypto space—How to simplify complex wallet interfaces. He argued that many promising projects fail by not considering the steep learning curve for non-technical users. As expected, his push for simplification is more than…
Ethereum layer-3 gaming network Xai is set to release “Tiny Sentry Keys” to lower the barrier for entry into its Sentry Key ecosystem, promising future benefits within the gaming ecosystem for buyers. Xai’s Sentry Keys are NFT-based licenses for nodes that are operated by network supporters, which can be staked to receive rewards. Already, the Xai Foundation claims, approximately $340 million worth of rewards and airdrops have been distributed through this scheme thus far—including the much-hyped XAI token airdrop earlier this year. At the time of writing, according to ArbiScan, there are currently 6,447 Sentry Key holders. with this figure…
Ethereum’s sell pressure from large holder flows outperformed inflows from the same category. A recap of the mixed signs, and why ETH could be on the verge of a retracement. Holders have been holding on to hopes that Ethereum [ETH] could rally above $4,000 before the end of 2024. While the cryptocurrency demonstrated signs of maintaining the bullish momentum achieved in November, a sizable pullback could be brewing. Whale activity indicates that ETH sell pressure might be building up. An unsurprising outcome considering that the previously robust momentum has seemingly cooled off. On top of that, ETH large holder activity…
Este artículo también está disponible en español. Crypto analysts have revealed that the Ethereum price is about to confirm a golden cross on the daily time frame. This provides a bullish outlook for Ethereum, as it enjoyed a parabolic rally the last time this happened. Ethereum Price To Confirm Golden Cross, What Next? In an X post, crypto analyst Tony Severino mentioned that the Ethereum price is heading to a golden cross this week. This golden cross occurs when a short-term moving average (MA), like the 50-day MA, crosses a long-term MA, like the 200-day MA. This typically indicates that…
Free-to-play web3 video game Chainers announced a closed playtest for its multiplayer shooter, offering rewards in NFTs and CFB tokens. Chainers.io, which claims to have over 25 million NFTs distributed and a community of more than 350,000 players, aims to tap into web3 gaming momentum by offering a blockchain-based gaming experience that combines familiar mechanics with tokenized rewards. The free-to-play Minecraft-style MMORPG web3 video game, with its own sidechain powered by Polygon, has announced a closed playtest for its upcoming multiplayer shooter mode, dubbed “Chainers Arena Playtest.” The playtest, which will run from Dec. 5-6, will offer a select group…
One analyst highlighted ETH’s position to suggest a breakout could be imminent if demand surges Further analysis hinted that the accumulation phase may take longer to resolve itself Ethereum’s [ETH] growth has moderated itself following a robust rally in recent months, one during which the asset gained by 46.65%. Over the last 24 hours though, ETH slipped by 0.13% – A sign of a temporary slowdown. According to AMBCrypto, this slowdown may be in line with the ongoing accumulation phase—A promising sign for long-term growth. Still, uncertainty remains about how long the market will stay in this pattern. Is ETH…
