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The Ethereum price jumped 4% in the last 24 hours to trade at $4,007 as of 08:17 p.m. EST on trading volume that plunged 17% to $53.8 billion. The ETH price surge pushed it beyond the $4,000 level for the first time since March. Ethereum Price Could Continue Surging According to the ETH/USD chart Analysis , the Ethereum price has been in a clear uptrend since early November, with higher highs and higher lows forming a bullish rising channel pattern. Data from GeckoTerminal shows that the price of Ethereum has effectively used the $3,041 support to push the asset up. The Ethereum price  is currently trading above both the 50-day SMA (yellow line) and the 200-day SMA (blue line), further confirming a bullish bias. Meanwhile, the Relative Strength Index (RSI) value is around 65.73, which is in the bullish zone but not yet overbought (over 70). This suggests there is still some room for the price to rise further before hitting overbought conditions. The Moving Average Convergenc...

With Ethereum experiencing a notable rally over the last month, is $3,000 ETh still a possibility at some point in 2024? The second-largest cryptocurrency by market cap is currently maintaining a position above $2,6000. Moreover, all eyes are on where it could go before the end of the year. ETH STaking recently reached an all-time high in Q3, showing that even more holders are seeking hields. Moreover, several reports have highlighted points of optimism for the cryptocurrency. But is it enough to set a new high for the year over the next three months? Also Read: Ethereum’s Buterin Explains ‘The Surge’: Will ETH Reach 100K TPS? Ethereum to $3,000: Can ETH Sprout a Surge to Pass the Milestone to End the Year? Ethereum has been the victim of a rather underwhelming year. The crypto market has seemingly increased in exposure and prevalence, but that has not yet reached ETH, as it has not experienced the same success as Bitcoin. Yet, there is some hope considering the recent surge in value i...

James Fickel is the founder of the Amaranth Foundation, funding longevity research, and the world’s fifth richest known crypto investor. Fickle has partially closed a multi-millionaire long Ethereum (ETH) position against Bitcoin (BTC) on August 10 as BTC overperformed ETH. According to a Lookonchain report, the Amaranth Foundation’s founder started opening long positions on Ethereum against Bitcoin on January 10. These positions used an advanced decentralized finance (DeFi) strategy of lending, borrowing, and trading one asset against the other. Essentially, James Fickel provided lending liquidity on Aave (AAVE) to use as collateral to borrow 3,061 Wrapped Bitcoin (wBTC). He then used this $172 million wBTC loan to swap for 56,445 ETH in these seven months since January. Lookonchain calculates an average ETH/BTC exchange rate of 0.05424. Picks for you ...

Solana (SOL) has surpassed Ethereum (ETH) in monthly DEX trading volume for the first time. This change in the crypto world happens as both networks deal with centralization problems. Also Read: Solana Weekend Price Prediction: Is SOL Heading Towards Claiming $250? SOL -vs- ETH -volume-centralization-and-market-impact"> SOL vs. ETH : Volume, Centralization, and Market Impact SOL ana- SOL -performance">Solana ( SOL ) Performance Solana achieved a milestone in July by beating Ethereum in monthly DEX trading volume. SOL recorded $55.876 billion, while ETH trailed at $53.868 billion. Fast transactions and low fees have attracted traders to SOL . This change shows more people want fast, cheap trading in the crypto world, and blockchains are competing to offer this. Ethereum (ETH) Challenges Despite being overtaken, Ethereum maintains a strong presence. ETH’s ecosystem is larger, but scalability issues and high gas fees push some users toward SOL and other platforms. Also...

An old Ethereum wallet has been activated after remaining dormant for a period of eight years. Via a recent tweet, blockchain transaction tracker, Whale Alert, brought to light that the “pre-mine” address had a balance of more than 61,200 ETH worth $116.3 million. 💤 💤 💤 💤 💤 💤 💤 💤 💤 💤 A dormant pre-mine address containing 61,216 #ETH (116,396,127 USD) has just been activated after 8.0 years!https://t.co/f79T0fYa7b — Whale Alert (@whale_alert) July 18, 2023 Data from Etherscan revealed that the wallet has participated in a total of 51 transactions since inception. Only two of them have been “out” transactions. The first one took place around 7.5 hours back. At that time, 0.05 ETH was sent out, possibly as a test transaction. After it got successfully executed, the address then sent out 61,216.45 ETH , a few minutes later. Around 2910 days [around 8 years] ...