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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

The severe Ethereum price drop of 47% in 2025 has many investors questioning whether now is actually the time to buy or sell. At the time of writing, ETH is trading at around $1,823.12 with a slight 0.83% recovery over the past day, and Ethereum faces significant challenges despite its rather substantial $220.49 billion market cap. Source: CoinMarketCap Also Read: Top 5 Defense Stocks to Buy as U.S. Approves $150B Military Budget Ethereum Price Drop Risks and Market Uncertainty: Should You Invest Now? Source: Watcher Guru Declining Active Wallets Signal Trouble Recent data shows Ethereum’s active wallet addresses dropped to about 13.9 million in March, down 1.5 million from last year. This key metric suggests users are moving away from the network despite its well-established position. Alex Carchidi, crypto analyst, was clear about the fact that: “Ethereum is the second-largest cryptocurrency, with a market cap of almost $220 billion. That means that if its ecosystem is heal...

The Ethereum price has pumped 8% in the last 24 hours to trade at $3,388 as of 12:30 a.m. EST on a 53% jump in trading volume to $54 billion Ethereum Price Signals Further Bullish Surge Ethereum (ETH/USDT) has been on an exciting journey, recently breaking free from months of consolidation near the critical support level of $2,250. This area had acted as a safety net for the price, consistently attracting buyers and holding strong throughout the year. Ethereum staged an impressive breakout, climbing above major resistance levels, including the 200-day moving average at $2,727. This breakout signaled a major shift in market sentiment, and now, the price has reached $3,374. ETHUSDT Analysis Source: Tradingview While Ethereum enjoys this upward move, it seems to be catching its breath around the $3,300 support level, hinting at a pause before the next move. The 50-day moving average, currently at $2,960, is trending higher, signaling continued strength in the uptrend. Meanwhil...

Ethereum (ETH) faced a significant price correction earlier this month, falling from above $2600 to around the mid-$2400 levels. The correction follows a general market dip followed by Iran’s attack on Israel. The second-largest crypto project by market cap has struggled to gain traction this year, failing to reclaim the $3,000 level, which it lost in early August. While ETH is among the most popular and successful crypto projects, the asset has not performed as investors hoped. The launch of a spot ETH ETF (Exchange Traded Fund) in the US did not yield the same results as the spot Bitcoin (BTC) ETFs earlier this year. Despite the lackluster performance, ETH could soon be gearing up for a big rally. Also Read: Crypto Chaos: Turkey’s Discord Ban Shakes Investor Confidence Will ETH Hit New All-time High Soon? Source: Watcher.Guru ETH is currently down by about 50% from its all-time high of $4,878.26. The asset hit this figure in November 2021, almost three years ago. According to cr...

Bloomberg Intelligence ETF analyst Eric Balchunas faced a backlash on social media after sharing a now-deleted post criticizing Ethereum security, with one prominent voice accusing him of spreading misinformation. The controversy stemmed from an excerpt from the book, ”Bitcoin: Beginner’s Guide,” that Balchunas shared. It claims that Ethereum is less secure than Bitcoin and says the network could be shut down by the US government by telling Amazon Web Services (AWS), which currently hosts 28.4% of the network’s nodes, to turn off its cloud services. Ethereum supporters were quick to condemn the post, and Balchunas’s tweet was deleted. “For those wondering, this is the tweet Eric deleted – absolute blatant misinformation and pretty much complete propaganda,” said independent Etherum Ethereum educator Anthony Sassano in a post on X. “You should be utterly ashamed of yourself for even sharing this (and you only deleted it because yo...

Bitcoin prices are drawing attention as August 2024 approaches. Ethereum, too, is under scrutiny as investors eye potential market movements. This Analysis examines expert forecasts and key factors influencing these leading cryptocurrencies in the coming month. Also Read: Tesla’s Bitcoin Strategy: Genius or Gamble? BTC and ETH Price Prediction Analysis for August 2024 Bitcoin (BTC) Expert Forecasts Several cryptocurrency Analysis platforms have shared their Bitcoin projections for August 2024: CoinCodex : High of $88,853.78 and low of $75,739. CryptoNews : Expects Bitcoin to reach around $82,296.39. Changelly : Predicts a range between $75,739 and $88,853.78. Market Influencers August may see Bitcoin’s trajectory influenced by various factors. JPMorgan’s predicted crypto market rebound could boost investor confidence. JUST IN: JP Morgan says #Bitcoin and crypto markets to rebound in August. pic.twitter.com/HwnWoY0G8i — Radar (@RadarHits) July 11, 2024 Conversely, Mt....

The SEC has informed exchanges it is leaning towards approving spot Ethereum ETFs, according to a Barron report. On Monday, reports came out that the SEC was changing their mind on the future of the Ethereum funds, and the agency decided to speed up the process of reviewing applicants’ documents. JUST IN: SEC informs exchanges it is leaning towards approving spot #Ethereum ETFs, Barrons reports. — Watcher.Guru (@WatcherGuru) May 21, 2024 Presently, the SEC permits ETFs holding Ether futures, but this approval would allow them to hold the currency itself. Yesterday, the SEC asked exchanges to update their 19B-4 filings for their Spot Ethereum ETF s. The agency looks to be speeding toward a potential approval by a crucial Thursday deadline. Furthermore, for the Ethereum ETFs to be approved, the SEC must approve the 19b-4s (exchange rule changes) & S-1s (registration statements). Upon approval of both, all of the ETF applications will likely be approved simultaneous...

Ethereum, the second-largest cryptocurrency by market cap, is currently battling a correction phase. Post-Bitcoin Halving, nearly all leading altcoins felt the after-effects or halving jitters, sending ETH and other notable altcoins to hit new lows.  According to CoinMarketcap, Ethereum has been down 10% in the last month. However, the token is up 0.30% at press time, trading at $2,912. The consistent low levels posed by Ethereum are compelling analysts to provide basic reasoning, outlining why ETH is trading at a gradual pace.  Also Read: Ethereum Price Prediction Post ETF Launch: Is ETH Eyeing $3,500?  Ethereum in the Correction Phase  Notable crypto analyst Michael Van De Poppe is back with a new Ethereum price analysis. The expert shared how Ethereum’s price level hovering at $2,900 indicates that the token is currently at the end stage of correction, testing the surface tension.  In trading jargon, a correction is a phase w...

As the cryptocurrency market experiences a temporary dip, savvy investors are on the lookout for promising coins to add to their portfolios. With the potential for notable gains on the horizon, three cryptocurrencies stand out as top contenders for buying the dip in May: Ethereum ( ETH ), Solana ( SOL ), and Shiba Inu (SHIB). Additionally, each of these coins has demonstrated strong fundamentals and has the potential to deliver substantial returns as the market recovers. Ethereum (ETH)  Source: Watcher.Guru Ethereum has established itself as the backbone of the decentralized finance (DeFi) ecosystem. Currently trading at $2,943.90, Ethereum has experienced a modest 1.34% increase in the past 24 hours. The coin’s 24-hour low and high stand at $2,865.13 and $2,953.05, respectively. Also, as the market begins to recover, Ethereum’s strong fundamentals and widespread adoption make it an attractive option for investors looking to capitalize on the dip. Also read: R...