[ad_1] Ethereum price failed to clear the $3,000 resistance zone. ETH is consolidating near $2,750 and might aim for a fresh increase. Ethereum is still showing positive signs above the $2,680 zone. The price is trading above $2,750 and the 100-hourly Simple Moving Average. There is a short-term bullish trend line forming with support at $2,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,850 and $2,880. Ethereum Price Eyes Fresh Increase Ethereum price remained supported above the $2,650 level and recently started a decent upward…
Author: NBTC
[ad_1] This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. US equities erased some of last week’s losses Monday as investors looked ahead to more fourth quarter earnings reports and a key inflation print this week. Nvidia is scheduled to report its Q4 earnings on Wednesday afternoon. After months of trading sideways, it’s reasonable to think investors will be looking for any sign to bet again on the chipmaker. On the other hand, the days of Nvidia having little competition are long over. Either way, Wednesday’s report will move markets across the board. January’s PCE…
[ad_1] Stablecoins play a critical role in the crypto ecosystem, enabling seamless transactions and driving liquidity across blockchains. Data from CryptoRank reveals that Solana, Ethereum, and Tron led the stablecoin market in 2024, recording significant transfer volumes. These networks showcased distinct strengths and adoption patterns, reflecting their growing impact in the crypto space. Source: X Solana Dominates Stablecoin Transfers Solana topped the list, recording a $10.5 trillion in stablecoin transfers, cementing its position as a leading blockchain. Despite this, Solana’s price fell by 0.97% in the past 24 hours to $189.76. Its 24-hour trading volume reached $3.26 billion, reflecting sustained…
[ad_1] Anyone paying attention to public bitcoin miner markets will know that artificial intelligence (AI) and business pivots to high performance compute (HPC) are all the rage among bitcoin miners. What started as a gradual trend last year has suddenly become a business strategy that many leading public bitcoin miners are exploring. This article first appeared on Blockspace Media, the leading Bitcoin industry publication dedicated to covering Bitcoin tech, markets, mining, and ordinals. Get Blockspace articles directly in your inbox by clicking here. Core Scientific, Bit Digital, Hut 8, Hive and IREN currently have revenue-generating AI/HPC business lines, while Crusoe…
[ad_1] Ethereum’s bullish RSI cross signals a potential breakout and strong upward momentum. Prices hold above key support, reinforcing confidence in a sustained rally. Analysts predict a short-term target of $3,200 based on historical breakout patterns. Ethereum — ETH, is poised for a significant rise as the weekly Stochastic RSI moves toward a bullish cross. Analysts see strong upward momentum, with prices holding above a key moving average. The recent Bybit hack failed to shake Ethereum’s stability, strengthening the bullish outlook. Technical patterns suggest a significant rally, with traders watching for further gains. #Ethereum Most Hated Rally Imminent 🚀Weekly Stochastic…
[ad_1] Microsoft stock dipped on Monday after investment bank TD Cowen reported the tech giant canceled leases on two data centers in the U.S. The stock fell 1.8% during Monday’s trade but has since recovered back to its opening price of $404.04, according to MarketWatch data. Microsoft terminated select leases with at least two private data center operators across multiple U.S. markets, accounting for “a couple of hundred megawatts” of power, according to a copy of TD Cowen’s report as cited by Bloomberg. For a perspective of how much power that is, 1 megawatt can power 250 homes during peak…
[ad_1] The Shiba Inu (SHIB) ecosystem is taking another step forward with the announcement of Meme Mania & The 36 Chambers of Tech. Shytoshi Kusama, the lead spokesperson for the popular cryptocurrency, revealed that this limited-edition podcast will debut inside SHIB: The Metaverse. The podcast is not just another update. It is a way to look back on how the Shiba Inu project started, where it is now, and what lies ahead. Designed to inform and entertain, the podcast will also be available on YouTube and Spotify for those who prefer more familiar platforms. SHIB: The Metaverse, where the event…
[ad_1] Bitcoin has recently shown signs of potential market shifts as key metrics reflect changing investor behavior. This is evident in Bitcoin reserves on spot exchanges, which had been in a steady decline for weeks, now seeing a notable uptick with an inflow exceeding 20,000 BTC, according to CryptoQuant analyst IT Tech. Simultaneously, netflows across all exchanges turned positive, registering an increase of 15,800 BTC. These shifts mark a reversal from the consistent outflow trend observed in previous weeks, suggesting that traders may be preparing for increased activity on exchanges. Detailing The Increasing Exchange Reserves and Positive Netflows When Bitcoin…
[ad_1] The DeFi projects are making considerable progress in terms of burning Ethereum, based on the latest market statistics. As per the data from the crypto analytics firm Phoenix Group, Metamask, Uniswap, and Gnosis are the leading players among the top DeFi projects burning Ethereum this week. The platform took to social media to share the list of prominent Ethereum burning projects. TOP #ETHEREUM BURNER #DEFI PROJECTS#Uniswap $UNI #Metamask #Gnosis $GNO #Pendle #1INCH #Aave $AAVE #KyberSwap #0xProtocol $ZRX #Paraswap $HEX pic.twitter.com/uenKYJjsUc — PHOENIX – Crypto News & Analytics (@pnxgrp) February 23, 2025 Metamask Leads DeFi Projects Based on $ETH Burned…
[ad_1] Ethereum price remains in a bear market, and three risky chart patterns suggest that it may experience a 20% crash soon. Ethereum (ETH), the second-biggest coin in crypto, retreated to $2,670 on Monday, down by over 35% from its highest level in December. Its performance happened as it faced substantial competition in the blockchain industry. Most of this competition is coming from popular layer-1 networks like Berachain (BERA), Solana (SOL), and BNB Smart Chain (BNB). Ethereum is also losing market share to layer-2 blockchains like Base and Arbitrum, that have become popular because of their lower costs. For example,…