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Cryptocurrency Price Update: Bitcoin’s strong recovery is lifting other cryptocurrencies too. Ethereum’s price is expected to rise by 7.45% next week.Cryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Cryptos-Headlines-Token-Airdrop-Is-Live-Claim-Your-Reward-Now-1.png?fit&#61;900%2C200&amp;ssl&#61;1" />A big Chainlink investor moved $83.6 million worth of LINK into 55 new wallets, showing confidence. BEAM’s <a href="https://cryptosheadlines.com/shibarium-testnet-reaches-new-milestones-shib-bone-prices-jump/" rel="noopener noreferrer nofollow">price jumped</a> from $0.0165 to $0.025 in two weeks, growing by 55%.<h3 id="cryptocurrency-market-update-bullish-momentum-gains-steam">Cryptocurrency Market Update: Bullish Momentum Gains Steam</h3>The <a href="https://cryptosheadlines.com/us-fed-chair-signals-two-additional-rate-hikes-as-cryptocurrency-market-experiences-volatility/" rel="noopener noreferrer nofollow">cryptocurrency market</a> saw a surge in bullish activity starting from the second week of February. Bitcoin, leading the pack at $47,876, and Ethereum at $2,519, recorded weekly growth rates of 13% and 11.5%, respectively.As Bitcoin edges closer to the crucial $50,000 mark, excitement brews within the crypto community, especially with the Bitcoin halving event just 10 weeks away. Recent data from Santiment reveals that a remarkable 90.5% of all Bitcoin coins are currently profitable, surpassing other major cryptocurrencies like Ethereum (84.7%) and Ripple (79.9%).With the majority of holders in profit, the market is less susceptible to <a href="https://cryptosheadlines.com/sei-price-dips-amid-panic-selling-2024-outlook/" rel="noopener noreferrer nofollow">panic selling</a> and more inclined towards buying. Amidst this recovery trend, potential traders may consider new entry points in Ethereum (ETH), Chainlink (LINK), and BEAM.<h3 id="ethereum-s-surge-and-market-dynamics">Ethereum’s Surge and Market Dynamics</h3><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines003-15.png?resize&#61;640%2C307&amp;ssl&#61;1" />Ethereum (ETH) Price| TradingviewCryptos Headlines Token Airdrop Is Live, Claim 5000 CHT Token Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Blue-Modern-Profile-Twitter-Header.png?fit&#61;1500%2C500&amp;ssl&#61;1" />During the recent cryptocurrency market surge, Ethereum, the second-largest cryptocurrency by <a href="https://cryptosheadlines.com/ceo-of-rock-tree-capital-say-hong-kong-becoming-hub-for-crypto-capital-markets/" rel="noopener noreferrer nofollow">market capitalization</a>, experienced a notable increase. Its <a href="https://cryptosheadlines.com/shiba-inu-shib-stays-positive-despite-weekly-price-drop/" rel="noopener noreferrer nofollow">price rose from $2,270 to $2,525 within a week</a>, marking an approximately 11% gain. This upward movement successfully broke through the neckline <a href="https://cryptosheadlines.com/analyzing-polygon-matic-prices-and-resistance-patterns/" rel="noopener noreferrer nofollow">resistance of an ascending triangle pattern</a>, recovering 50% of the losses from the previous correction phase.<a href="https://cryptosheadlines.com/chainlink-link-whats-next-after-30-weekly-surge/" rel="noopener noreferrer nofollow">Also Read: Chainlink (LINK): What&#39;s Next After 30% Weekly Surge?</a>With the current buying momentum, Ethereum’s price could potentially rise by an additional 7.4%, reaching the $2,700 resistance level.This week also witnessed a significant shift in the Ethereum <a href="https://cryptosheadlines.com/market-dynamics-to-be-impacted-by-significant-token-unlocks-bit-blur-ape-uni-and-fil/" rel="noopener noreferrer nofollow">market dynamics</a>, with over $1 billion worth of ETH moving out of centralized exchanges. A substantial portion of this capital flowed into EigenLayer, which recorded deposits totaling $3 billion after temporarily lifting its deposit caps.This trend underscores the increasing preference for decentralized finance (DeFi) platforms and highlights EigenLayer’s rising significance within the crypto ecosystem. The movement reflects investors’ strategic shift towards platforms offering greater control and innovative investment opportunities.<h3 id="chainlink-s-impressive-performance-in-february-2024">Chainlink’s Impressive Performance in February 2024</h3>In February 2024, Chainlink, ranked as the twelfth largest cryptocurrency by market capitalization, demonstrated remarkable performance, surging by 50.7% from $13.6 to a high of $20.5 in just three weeks. During this surge, LINK’s price formed a bullish pennant pattern, suggesting a brief pause in the upward momentum before potentially continuing its climb.On February 10th, LINK broke out from the bullish pennant pattern, <a href="https://cryptosheadlines.com/solana-sol-signals-25-price-action-with-bullish-momentum/" rel="noopener noreferrer nofollow">signaling a continuation of its bullish momentum</a> with a 7.7% increase on that day alone, laying the groundwork for further gains.Additionally, Intotheblock reported significant <a href="https://cryptosheadlines.com/chainlink-price-prediction-surge-in-2023-whale-activity/" rel="noopener noreferrer nofollow">activity from Chainlink whales</a>, highlighting that a specific whale transferred 4,556,684 LINK (valued at approximately $83.6 million) from Binance to 55 newly created wallets over the past five days. This accumulation indicates strong confidence among major investors.Given the breakout from the bullish pennant pattern and the whale accumulation, the Chainlink price may be targeting the immediate goal of $20.5, with <a href="https://cryptosheadlines.com/bank-of-america-crypto-markets-near-term-upside-potential-limited/" rel="noopener noreferrer nofollow">potential further upside</a> towards $23.<a href="https://cryptosheadlines.com/terra-classic-lunc-price-aims-for-0-00015-amid-1000-volume-surge/" rel="noopener noreferrer nofollow">Also Read: Terra Classic (LUNC) Price Aims for $0.00015 Amid 1000% Volume Surge</a><h3 id="beam-coin-price-recovery-a-promising-trend">Beam Coin Price Recovery: A Promising Trend</h3><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines004-17.png?resize&#61;640%2C307&amp;ssl&#61;1" />BEAM Price| TradingviewFor nearly two months, the <a href="https://cryptosheadlines.com/crypto-prices-surge-bitcoin-pepe-coin-and-beam-on-the-rise-today/" rel="noopener noreferrer nofollow">Beam coin price</a> experienced a consistent downtrend, influenced by a flag pattern observed in the daily chart. This downward movement caused the coin price to plummet from $0.027 to a temporary low of $0.154, marking a significant 43% loss.However, with the recent resurgence in the market, the BEAM price saw a notable influx of activity, <a href="https://cryptosheadlines.com/polkadot-dot-surges-to-7-day-high-bulls-eye-resistance-break/" rel="noopener noreferrer nofollow">breaking through the resistance</a> trendline of the flag pattern on February 9th.Following the breakout, prices surged by an impressive 23% within the last 48 hours. If the pattern remains consistent, the BEAM price is expected to aim for the potential target of $0.315.Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Crypto Price Check: February 11th Review of Ethereum; Chainlink and Beam

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