Author: Crypto News Live

Ethereum’s volume has surged 85% in under two weeks, reaching $7.3 billion.  However, a consolidation phase appears more likely before ETH bulls can target $4K. In 2024, Ethereum’s [ETH] on-chain trading volume largely followed the broader crypto market’s pattern, marked by a steady downtrend, though occasional surges in activity were seen in the second and third quarters.  However, November marked a significant turning point. A combination of factors – including large inflows into Bitcoin [BTC] and Ethereum’s ETFs and the unexpected Trump victory in the U.S. Presidential election – has sparked a shift.  In just two weeks, Ethereum’s on-chain volume…

Este artículo también está disponible en español. The Ethereum price has formed a key technical pattern reminiscent of the one observed in 2017 when the cryptocurrency embarked on a major bull rally. According to a crypto analyst, this pattern, known as the ‘Bullish Megaphone‘, could signal a possible price rise to $10,000 for ETH.  Related Reading Bullish Megaphone Sets Stage For Ethereum Price Rise To $10,000 A Blockchain and crypto technical analyst, identified as ‘EtherNasyonal,’ on X (formerly Twitter), has predicted that the Ethereum price could soon surpass $10,000. According to the analyst, Ethereum‘s price action currently showcases a historical…

There is a vast difference in the net taker volume in exchanges of Bitcoin and Ethereum. Three factors could influence ETH to change to the right side. The exchange activities between Bitcoin [BTC] and Ethereum [ETH] showed that they significantly influenced the market behavior. For the uninitiated, the Taker Buy/Sell Ratio on CryptoQuant provides insight into market sentiment by showing the proportion of buy orders to sell orders, a critical indicator during market rallies or corrections. At press time, both Bitcoin and Ethereum showed distinct patterns in net taker volume in exchanges. Source: CryptoQuant Ethereum’s net taker showed that the…

While Ethereum seems to have begun its own major rally, the asset has recently experienced significant activity on the Deribit Options Exchange which begs the question of what it means for ETH’s price. A CryptoQuant analyst known as Amr Taha detailed these developments in a post on the CryptoQuant QuickTake platform. The analysis focused on substantial outflows from the exchange to cold wallets, highlighting potential implications for market sentiment and liquidity. ETH Netflows On Deribit And The Implications According to Taha, the Deribit Options Exchange recorded a notable transaction involving 233,000 ETH transferred to a cold wallet. Valued at approximately…

As Bitcoin surges toward the $100,000 mark, touching a new all-time high of $99,655.50, the non-fungible token (NFT) sales volume has shown a drop of 9.6% to $160.9 million. The global cryptocurrency market capitalization has continued to surge, reaching $3.35 trillion from last week’s $3.03 trillion. This marks a 2% increase over the last day, with Bitcoin (BTC) currently trading at $98,620. The last week’s NFT sales volume stood at $178.8 million. However, according to recent data from CryptoSlam, the NFT market has seen a pullback. NFT sales volume decreased to $160.9 million Ethereum (ETH) blockchain leads with $51.3 million…

Ethereum whales transferred 120,000 tokens worth $217.4 million. ETH surged by 2.67% over this period. Over the last two weeks, Ethereum [ETH] has been stuck in a consolidation range between $3100 and $3300 levels. Although the altcoin has surged over this period to hit a recent high of $3446, it has struggled to keep pace and maintain the momentum. This has resulted in market indecision and a considerable lack of direction among whales. As such, whales have made conflicting moves, with some selling while others are accumulating. Ethereum whales transfer 120,000 tokens Over the past 24 hours, Ethereum has faced…

Funtico’s CCO says early Web3 games failed due to poor infrastructure but says the industry has shifted its focus to improving this. Collaboration: A Win-Win for Web2 and Web3 Gaming Doron Wesly, Chief Commercial Officer (CCO) at Funtico, argues that early Web3 games struggled to compete with their Web2 counterparts due to limitations in infrastructure. These limitations prevented them from delivering high-quality experiences with the visual appeal necessary to attract Web2 gamers. Wesly further criticizes early Web3 games for their “lame” storytelling and unsatisfying gameplay, which ultimately led to their downfall. Nevertheless, Wesly emphasizes that the industry is actively addressing…

Vitalik Buterin’s investment in ANON fuels privacy token surge, boosting market cap to $36M. Coinbase’s Jesse Pollak also backs ANON, signaling strong support for privacy-focused crypto. The recent surge in the price of ANON tokens, which skyrocketed by 350% before stabilizing at a 190% increase, has captured significant attention in the cryptocurrency world. This spike followed an onchain transaction revealing that Ethereum [ETH] co-founder Vitalik Buterin swapped 0.082 ETH for 30,303 ANON tokens on 20th November. Source: PeckShieldAlert/X The transaction not only fueled excitement around Anoncast, a zero-knowledge app that allows users to make anonymous posts on Farcaster, but also…

Ethereum dominates NFT development with unmatched functionality and smart contract innovation. Solana’s speed and cost-efficiency make it ideal for emerging NFT platforms. Tether stabilizes NFT trading, ensuring consistent and reliable financial transactions. Cryptocurrencies are emerging as new players in the field of digital finance and non-fungible tokens (NFTs) are changing the usual investment patterns. A new market study for writing shows that it has become a virtual web that is changing the meaning of digital assets, ownership and calls for technologies. Ethereum(ETH): The Revolutionary Pioneer of NFT Ecosystems Today, Ethereum (ETH) already can be credited as the behind-the-scenes rail infrastructure…

Este artículo también está disponible en español. Ethereum surged over 10% yesterday, marking an impressive recovery alongside a very bullish day for the entire crypto market. This surge has reignited investor optimism, especially as Ethereum approaches its yearly highs.  Key data from CryptoQuant highlights a significant bullish signal: Ethereum’s Taker Buy Volume hit an astonishing $1.683 billion in a single hourly candle. This metric reflects aggressive buying activity in the futures market, further supporting Ethereum’s potential for continued upward momentum. The driving force behind this rising demand for Ethereum appears to stem from profits being cycled out of Bitcoin. With…