Ethereum

Bitcoin

April

The Ethereum price rose 4% in the last 24 hours <a href="https://www.geckoterminal.com/eth/pools/0x88e6a0c2ddd26feeb64f039a2c41296fcb3f5640" rel="noopener noreferrer nofollow">to trade at $3,902</a> as of 02:00 a.m. EST on trading volume that skyrocketed 62% to $17.7 billion.
This comes days after eight Ether ETFs (exchange-traded funds) were approved by the U.S. Securities and Exchange Commission (SEC), causing a buzz for ERC-20 tokens in the last week.
According to Matt Hougan, Chief Investment Officer of Bitwise, investor inflows into these ETFs will drive ETH beyond its previous peak of about $4,900. However, he was clear to note that Ether ETFs may not match Bitcoin ETFs in terms of inflows. Nevertheless, they will still attract substantial investment.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 LIVE NOW — Why the Ethereum ETF is Bullish
 w/ <a href="https://twitter.com/Matt_Hougan?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Matt_Hougan</a>, CIO at <a href="https://twitter.com/BitwiseInvest?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@BitwiseInvest</a>
 Timestamps:
 00:00 Intro 05:46 What Exactly Happened? 08:45 Was This Actually Political? 12:11 Who's Responsible For This 16:46 Next Steps For ETF 20:36 Matt's ETF Story 22:44 ETF Price Impact… <a href="https://t.co/KUXiCzRxCJ" rel="noopener noreferrer nofollow">pic.twitter.com/KUXiCzRxCJ</a>
 — Bankless (@BanklessHQ) <a href="https://twitter.com/BanklessHQ/status/1794087651215024212?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 24, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
After the ETFs were approved, the Ethereum price finally breached the upper boundary of the falling wedge pattern, using the $2,896 support to push the price even higher, data from <a href="https://www.geckoterminal.com/eth/pools/0x88e6a0c2ddd26feeb64f039a2c41296fcb3f5640" rel="noopener noreferrer nofollow">GeckoTerminal</a> shows.
<h2 id="span-style-font-weight-400-ethereum-price-set-to-sustain-its-rally-over-the-falling-wedge-pattern-span">Ethereum Price Set To Sustain Its Rally Over The Falling Wedge Pattern</h2>
<figure id="attachment_525966" aria-describedby="caption-attachment-525966" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-525966" src="https://insidebitcoins.com/wp-content/uploads/2024/05/WETH_2024-05-27_10-00-53.png" alt="Ethereum Price Chart Analysis Source: GeckoTerminal.com" width="1113" height="456" srcset="https://insidebitcoins.com/wp-content/uploads/2024/05/WETH_2024-05-27_10-00-53.png 1113w, https://insidebitcoins.com/wp-content/uploads/2024/05/WETH_2024-05-27_10-00-53-300x123.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/05/WETH_2024-05-27_10-00-53-1024x420.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/05/WETH_2024-05-27_10-00-53-768x315.png 768w" sizes="(max-width: 1113px) 100vw, 1113px">
 <figcaption id="caption-attachment-525966" class="wp-caption-text">
 ETHUSD Chart Analysis Source: GeckoTerminal.com
 </figcaption>
</figure>
Major technical indicators also support the bullish prospects of the Ethereum price. ETH trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), which form the major support levels at $3,226 and $2,816, respectively.
The Relative Strength Index (RSI) is also trading up above the 70-overbought region at 72, showing continued investor optimism leading to intense buying pressure.
Moreover, the Moving Average Convergence Divergence (MACD) is also bullish, with the MACD line (blue) crossing above the signal line (orange) and forming a bullish crossover around the neutral line. A bullish crossover could encourage optimistic investors to buy more, further cementing the bullish potential.
The green bars on the histogram also extend gracefully above the neutral line, showing that ETH is currently on a positive momentum.
<h2 id="span-style-font-weight-400-ethereum-price-prediction-span">Ethereum Price Prediction</h2>
Ethereum’s bullish rally is strong, with the bulls aiming to sustain the bullish stance over the falling wedge pattern. The bulls are targeting prices above the $4,084 resistance zone, with the long-term goal being to drive the Ethereum price above its previous ATH at $4,900.
However, with the RSI and MACD indicating that ETH is overbought, the bears may prompt a price correction, with the next support level set around the 50-day SMA at $3,226.
Meanwhile, as the Ethereum price soars, other investors are also betting big on a Bitcoin derivative, 99Bitcoins, which has already raised more than $1.6 million in presale.
<h2 id="span-style-font-weight-400-99bitcoins-presale-blasts-past-1-6-million-best-crypto-to-buy-now-span">99Bitcoins Presale Blasts Past $1.6 Million – Best Crypto To Buy Now?</h2>
<a href="https://insidebitcoins.com/visit/99bitcoins" rel="noopener noreferrer nofollow">99Bitcoins (99BTC)</a> is an educational platform with over 2 million registered users for its courses and more than 700,000 subscribers on its YouTube channel. It mainly focuses on detailed guides for trading, wallets, and earning crypto.
The project aims to gamify crypto education by allowing users to successfully tackle challenges and complete lessons to earn higher ranking and $99BTC tokens as rewards, with the groundbreaking Learn-to-Earn (L2E) model.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 What is Spatial Computing? Discover how <a href="https://twitter.com/hashtag/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Blockchain</a> is transforming AR/VR, making immersive digital worlds more interactive and secure.
 Dive deeper: <a href="https://t.co/2hlZYRFHBv" rel="noopener noreferrer nofollow">https://t.co/2hlZYRFHBv</a><a href="https://twitter.com/hashtag/99BTC?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#99BTC</a> <a href="https://twitter.com/hashtag/SpatialComputing?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#SpatialComputing</a> <a href="https://twitter.com/hashtag/Web3?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Web3</a>
 — 99Bitcoins (@99BitcoinsHQ) <a href="https://twitter.com/99BitcoinsHQ/status/1777275219423490318?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 8, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
99Bitcoins has plans to also integrate its token into the Bitcoin network using the BRC-20 token standard. The stance aims to establish Bitcoin’s prominence and expand opportunities within blockchain technology.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Introducing $99BTC on BRC-20! 🎓
 Since 2013, <a href="https://twitter.com/hashtag/99Bitcoins?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#99Bitcoins</a> has been the go-to resource for learning about <a href="https://twitter.com/hashtag/Cryptocurrency?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Cryptocurrency</a>.
 We're launching a platform that enables the building of <a href="https://twitter.com/hashtag/dApps?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#dApps</a> on top of the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> network!💡<a href="https://twitter.com/hashtag/LearnToEarn?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#LearnToEarn</a> rewards users on the Bitcoin blockchain.🙌
 — 99Bitcoins (@99BitcoinsHQ) <a href="https://twitter.com/99BitcoinsHQ/status/1785308220677853254?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">April 30, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
$99BTC holders can also <a href="https://insidebitcoins.com/visit/99bitcoins" rel="noopener noreferrer nofollow">stake their tokens</a> for an impressive 1,016% annual percentage yield (APY).
According to Jacob Bury, a prominent crypto YouTuber, 99BTC has the potential to turn $1k into $10K after its launch.
<iframe title="New 10x Potential Crypto Presale 99Bitcoins - Flip $1k into $10k?!" width="640" height="360" src="https://www.youtube.com/embed/G2trqq3KNYE?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
You can buy 99BTC tokens for $0.00106 each. With a price hike coming in less than five days, buy them soon to lock in the best deal if you are interested.
To join the presale, <a href="https://insidebitcoins.com/visit/99bitcoins" rel="noopener noreferrer nofollow">buy $99BTC from the official website here</a> using ETH, USDT, or a bank card.
<h2 id="span-style-font-weight-400-related-news-span">Related News</h2>
<ul>
 <li><a href="https://www.linkedin.com/pulse/crypto-presales-worth-pros-cons-you-need-know-calsona-5aeye" rel="noopener noreferrer nofollow">🚀💰 Are Crypto Presales Worth It? The Pros and Cons You Need to Know! 💸🤔</a></li>
 <li>&nbsp;<a href="https://www.linkedin.com/pulse/bitcoin-price-prediction-experts-forecast-bullish-trends-calsona-o1vue" rel="noopener noreferrer nofollow">🚀 Bitcoin Price Prediction: Experts Forecast Bullish Trends for 2024 📈💰</a>&nbsp;</li>
 <li><a href="https://insidebitcoins.com/buy-cryptocurrency/most-trending-cryptocurrency/" rel="noopener noreferrer nofollow">10+ Most Trending Cryptocurrency Projects to Buy In 2024</a></li>
</ul>

Ethereum Price Prediction: ETH Pumps 4% Amid Post Ethereum ETF Approval Buzz And Experts Say This Bitcoin Derivative Might Explode 10X

Innehållsförteckning

Inside Bitcoins

Andra artiklar publicerade 27 maj 2024

BlockDAG's 800% Presale Boom: Dominating from Shibuya to Piccadilly, Surpassing Shiba Inu and Pol...

SEC Approves Spot BTC and ETH ETFs, Experts Speculate on Future Approvals

Mining Made Easy: BlockDAG Turns SmartPhones to Miners with X1 Mining App Amid Ripple Collaborati...

Normei Memecoin Plummets 99% in Massive Exploit

Why Bitcoin (BTC) Investors Are Buying PawFury (PAW)

Investor with 96% Win Rate Dumps Cardano (ADA) for Retik Finance as RETIK Token Skyrockets 2000%

Prenumerera på vårt nyhetsbrev och få kryptouppdateringar varje dag!