Ethereum

2024

Sponge

<p><span style="font-weight: 400;">The Ethereum price rose 3.6% in the last 24 hours </span><a href="https://coinmarketcap.com/currencies/ethereum/"><span style="font-weight: 400;">to trade at $2,914</span></a><span style="font-weight: 400;"> as of 05:52 a.m. EST on trading volume that dropped 34% to $12.8 billion.</span></p> 
<p><span style="font-weight: 400;">The price increase represents a 17% surge in a week, coinciding with a recent bullish run in the markets. This comes as stock broker Bernstein estimates that there is a 50% likelihood of an Ethereum spot ETF gaining regulatory approval by May, and a near-certain probability of approval within 12 months.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">Ether Could Be the Next 'Institutional Darling,' Bernstein Says. There's a 50% likelihood of the SEC approving an ETF for Ethereum (ETH) by May. The upcoming Ethereum blockchain upgrade, Dencun, in March, is anticipated to significantly reduce transaction expenses. Broker… <a href="https://t.co/QA2f7y1vlS">pic.twitter.com/QA2f7y1vlS</a></p> 
 <p>— QuantumPioneerX (@QuantumPioneerX) <a href="https://twitter.com/QuantumPioneerX/status/1759516367886098881?ref_src=twsrc%5Etfw">February 19, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">Firms that have already applied for an Ether ETF include Franklin Templeton, BlackRock, and Fidelity.&nbsp;</span></p> 
<h2 id="span-style-font-weight-400-ethereum-price-on-an-uptrend-within-a-rising-channel-span"><span style="font-weight: 400;">Ethereum Price On An Uptrend Within A Rising Channel</span></h2> 
<figure id="attachment_481861" aria-describedby="caption-attachment-481861" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="size-full wp-image-481861" src="https://insidebitcoins.com/wp-content/uploads/2024/02/ETHUSD_2024-02-19_13-52-49.png" alt="Ethereum Price Chart Analysis Source: Tradingview.com" width="1281" height="555" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/ETHUSD_2024-02-19_13-52-49.png 1281w, https://insidebitcoins.com/wp-content/uploads/2024/02/ETHUSD_2024-02-19_13-52-49-300x130.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/ETHUSD_2024-02-19_13-52-49-1024x444.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/ETHUSD_2024-02-19_13-52-49-768x333.png 768w" sizes="(max-width: 1281px) 100vw, 1281px">
 <figcaption id="caption-attachment-481861" class="wp-caption-text">
  ETHUSD Chart Analysis Source: Tradingview.com
 </figcaption>
</figure> 
<p><span style="font-weight: 400;">The Ethereum price indicates an uptrend to trade within a rising channel as it moves to cross the upper boundary of the channel.</span></p> 
<p><span style="font-weight: 400;">The ETH price formed a double bottom, with $2,169 being the major support. This has allowed the bulls to take control, driving the price on an upward trajectory.</span></p> 
<p><span style="font-weight: 400;">ETH is currently trading above both the 50-day and 200-day Simple Moving Averages (SMAs), which affirms the current bullish rally. Additionally, the 50-day SMA trades above the 200-day SMA, creating a golden cross at $2,400, which signals a continuation of the bullish momentum.</span></p> 
<p><span style="font-weight: 400;">The Relative Strength Index (RSI) is trading above the 70-overbought region at 71, showing intense buying pressure.</span></p> 
<p><img decoding="async" class="alignnone size-full wp-image-481862" src="https://insidebitcoins.com/wp-content/uploads/2024/02/ETHMACD.png" alt="ETHMACDADX" width="1264" height="261" srcset="https://insidebitcoins.com/wp-content/uploads/2024/02/ETHMACD.png 1264w, https://insidebitcoins.com/wp-content/uploads/2024/02/ETHMACD-300x62.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/02/ETHMACD-1024x211.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/02/ETHMACD-768x159.png 768w" sizes="(max-width: 1264px) 100vw, 1264px"></p> 
<p><span style="font-weight: 400;">Moreover, the Moving Average Convergence Divergence (MACD) indicator reveals that the MACD line (blue) is trading above the signal line (orange), showing a bullish crossover. This suggests a chance for more entry points, probably rallying the price even higher.</span></p> 
<p><span style="font-weight: 400;">The green bars also seem to be rebounding above the zero line, indicating positive momentum. In addition, the Average Directional Index (ADX) stands at 31, showing a strong trend as the indicator moves north. This could signal the start of a stronger bullish trend.</span></p> 
<h2 id="span-style-font-weight-400-ethereum-price-prediction-span"><span style="font-weight: 400;">Ethereum Price Prediction</span></h2> 
<p><span style="font-weight: 400;">The current analysis of Ethereum’s price indicates signs of bullish momentum, with bulls looking to sustain this momentum within the ascending channel. They are also aiming to break out, breaching the closest resistance at $3,000.</span></p> 
<p><span style="font-weight: 400;">However, a downside scenario might allow the bears to influence a price retrace toward the support zones at $2,721, coinciding with the 50-day SMA.</span></p> 
<p><span style="font-weight: 400;">As the bulls aim for a continued rally for the ETH price, many investors are turning to new meme coin Sponge V2 as analysts predict a repeat of its 100X gains on launch last year.</span></p> 
<h2 id="span-style-font-weight-400-buy-sponge-v2-big-exchange-listings-incoming-span"><span style="font-weight: 400;">Buy Sponge V2, Big Exchange Listings Incoming</span></h2> 
<p><span style="font-weight: 400;">If you missed last year’s surge, there is still an opportunity to earn big with its sequel, </span><a href="https://insidebitcoins.com/visit/sponge" rel="nofollow"><span style="font-weight: 400;">Sponge V2</span></a><span style="font-weight: 400;">, that’s set to launch soon on major exchanges.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">If you missed out on <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPONGE</a> V1, don't miss out on <a href="https://twitter.com/hashtag/SpongeV2?src=hash&amp;ref_src=twsrc%5Etfw">#SpongeV2</a>!</p> 
 <p>Time to stake your <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPONGE</a>! 🚀🧽<a href="https://twitter.com/hashtag/MemeCoin?src=hash&amp;ref_src=twsrc%5Etfw">#MemeCoin</a> <a href="https://twitter.com/hashtag/Web3?src=hash&amp;ref_src=twsrc%5Etfw">#Web3</a> <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> <a href="https://twitter.com/hashtag/BullMarket?src=hash&amp;ref_src=twsrc%5Etfw">#BullMarket</a> <a href="https://twitter.com/hashtag/Bullish?src=hash&amp;ref_src=twsrc%5Etfw">#Bullish</a> <a href="https://twitter.com/hashtag/Trade?src=hash&amp;ref_src=twsrc%5Etfw">#Trade</a> <a href="https://t.co/oNwatR7ihw">pic.twitter.com/oNwatR7ihw</a></p> 
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1756332327150436674?ref_src=twsrc%5Etfw">February 10, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<p><span style="font-weight: 400;">Upon its launch, Sponge V1 rapidly accumulated a following of more than 13,000 investors and saw its market capitalization soar to $100 million. The token was also listed on more than ten major exchanges, including Toobit, BitMart, and LBank.&nbsp;</span></p> 
<p><span style="font-weight: 400;">Earlier this month, the development team phased out Sponge V1, transitioning its holders to the more secure and cost-efficient V2 on the Polygon Network.</span></p> 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 <p lang="en" dir="ltr">📣 Attention, <a href="https://twitter.com/hashtag/SPONGERS?src=hash&amp;ref_src=twsrc%5Etfw">#SPONGERS</a>!</p> 
 <p>Here is some important information to remember about <a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPONGE</a> V2!<a href="https://twitter.com/search?q=%24SPONGE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPONGE</a> V1 has officially been discontinued, and V2 has been launched on <a href="https://twitter.com/hashtag/Polygon?src=hash&amp;ref_src=twsrc%5Etfw">#Polygon</a>! 🔥</p> 
 <p>Learn more about the token details below 👇<a href="https://t.co/TCdxgXx40w">https://t.co/TCdxgXx40w</a></p> 
 <p>🧵1/3 <a href="https://t.co/YZzXOlKmHY">pic.twitter.com/YZzXOlKmHY</a></p> 
 <p>— $SPONGE (@spongeoneth) <a href="https://twitter.com/spongeoneth/status/1754826966048657421?ref_src=twsrc%5Etfw">February 6, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h2 id="span-style-font-weight-400-stake-sponge-v2-191-annual-rewards-span"><span style="font-weight: 400;">Stake $SPONGE V2, 191% Annual Rewards</span></h2> 
<p><span style="font-weight: 400;">You also have an opportunity to earn passively with Sponge V2, where you can </span><a href="https://insidebitcoins.com/visit/sponge" rel="nofollow"><span style="font-weight: 400;">stake your Sponge V2 tokens</span></a><span style="font-weight: 400;">, earning an impressive 191% annual percentage yield (APY).</span></p> 
<p><span style="font-weight: 400;">Additionally, Sponge V2 also comes with a new set of features aimed at drawing in a bigger investor base, one of which is play-to-earn (P2E) gaming. The team is set to launch </span><i><span style="font-weight: 400;">Sponge Racer, </span></i><span style="font-weight: 400;">a game that will feature both a free version and a paid version. In the game, you will have the opportunity to race and accumulate token rewards.</span></p> 
<p><span style="font-weight: 400;">According to Jacob Bury, a crypto analyst and YouTuber, Sponge V2 has the potential to 100X at launch.</span></p> 
<p><iframe title="BEST MEME COIN TO BUY NOW!!!?? SPONGE Meme Coin Price | SPONGE V2 News" width="640" height="360" src="https://www.youtube.com/embed/7lV_0SpeuRs?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></p> 
<p><span style="font-weight: 400;">To join the presale, visit </span><a href="https://insidebitcoins.com/visit/sponge" rel="nofollow"><span style="font-weight: 400;">the official Sponge V2 website</span></a><span style="font-weight: 400;"> and link your digital wallet to swap your ETH or USDT for V2 tokens. You can also buy directly using your bank card.</span></p> 
<h2 id="span-style-font-weight-400-related-news-span"><span style="font-weight: 400;">Related News</span></h2> 
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Ethereum Price Prediction: ETH Soars 17% In A Week As Bernstein Says ETH ETFs Are Almost Certain In 12 Months And Traders Flock To This Pres...

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