Category: Cryptocurrency News

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Amid a general crypto market price fall in the past week, Ethereum (ETH) recorded a price correction of over 19.5% finding support at a local bottom of $3,100.  Since then, the prominent altcoin has only shown slight resilience rising by over 5% in the past two days. However, recent data on wallet activity provides much cause to be bullish on Ethereum’s long-term future. Related Reading: Ethereum Rejected At $4,000 Resistance Again: What Lies Ahead For ETH? Ethereum HODL Addresses Increase Supply Dominance To 16% In a recent QuickTake post, CryptoQuant analyst MAC_D shared some positive insights on the Ethereum market.  The crypto market expert reports that the balance of Ethereum Accumulation Addresses has surged by a remarkable 60% from August to December. During this time, these HODL wallets have boosted their portion of ETH supply from 10% to 16% i.e. 19.4 million ETH of 120 million ETH.  To explain, the Accumulation Addresses are wallets that hold Ethereum but rarely move or sell their holdings. They are considered a measure of long-term investment and confidence.  According to MAC_D, the rapid increase in these Ethereum HODL wallets’ holdings is a new development absent from previous bull cycles. The analyst attributed this massive accumulation rate to investors’ bullish expectations of the incoming Donald Trump administration in the US. These expectations include more favorable regulations on the DeFi industry which represents a major sector of the Ethereum ecosystem. Therefore, regardless of Ethereum’s current price movement, these long-holding wallets are likely to keep increasing their holdings in anticipation of future price growth.  In addition, MAC_D emphasizes the importance of these Accumulation Addresses in that the price of Ethereum has never slipped below their realized price. Therefore, a continuous purchase by these wallets provides a high potential for a long-term price gain. Related Reading: Ethereum Investment: Trump Crypto Project Grabs 722 ETH At $2.5 Million What’s Next For ETH? In regards to Ethereum’s immediate movement, MAC_D warns that macroeconomic factors are likely to exert a stronger influence on ETH’s price in the short-term as illustrated by the recent price crash induced by potential reduced interest rate cuts in 2025. At the time of writing, the altcoin trades at $3,352 following a 3.07% decline in the past 24 hours. In tandem, ETH’s daily trading volume is down by 53.25% and valued at $31.15 billion.  Following recent price falls, Ethereum also presents a negative performance on larger charts with losses of 14.74% and 1.05% in the past seven and thirty days, respectively.  On a positive note, the asset’s price remains far above its initial price point ($2,397) at the start of the post-US elections price rally, indicating that long-term sentiment remains positive. With a market cap of $401 billion, Ethereum continues to rank as the second-largest cryptocurrency and largest altcoin in the digital asset market. Featured image from INX, chart from Tradingview

Bitcoin could see another week of correction before it manages to recover above $100,000, based on historical chart patterns.

XRP community gets new rewards, Fed rules out BTC reserves, Strike CEO says Trump eyeing US BTC reserve, and more in this Week in Review. Week in Review Ripple’s RLUSD stablecoin debuted on Uphold, offering rewards and benefits to XRP holders. Federal Reserve Chair Jerome Powell ruled out the possibility of the Fed holding Bitcoin […]

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The Ethereum price has been a joy to watch in recent weeks after initially struggling to keep pace with other large-cap cryptocurrencies. However, the past week will be a quick one to forget for the crypto market, especially the altcoin, which declined in value by over 12%. While this price slump experienced by Ethereum has been linked to the US Federal Reserve rate cut, the recent drab performances of the spot ETH exchange-traded funds (ETFs) could also be associated. After a lengthy spell of positive inflows, investor interest in the US-based ETH ETFs seems to be losing momentum. Spot ETH ETFs Snap 18-Day Positive Inflows Streak According to data from SoSoValue, the US-based spot Ethereum ETFs logged a total net outflow of $75.11 million on Friday, December 20. This marked the first time the Ethereum funds would be registering back-to-back negative performances. On Thursday, December 19, the Ethereum exchange-traded funds recorded a total net outflow of $60 million. This single-day performance put an end to the ETH ETF’s 18-day streak of positive inflows and the first negative day in December for the products. Related Reading: XRP Could Be The Altcoin To Recover Quickly, CryptoQuant Analyst Explains Why Surprisingly, BlackRock’s Ethereum Fund (with the ticker ETHA) was the only spot ETF that recorded outflows on Friday. According to market data from SoSoValue, the ETHA exchange-traded fund posted nearly $103.7 million to close the week.  Meanwhile, Fidelity’s Ethereum Fund (with the ticker FETH) recorded $12.95 million in net inflow on Friday. Grayscale’s Ethereum Trust (ETHE) and Mini Trust (ETH) were the only other ETFs that registered positive inflows on the day, with $7.51 million and $8.10 million, respectively. These back-to-back days of negative performances saw a net $135 million flow out of the ETH exchange-traded funds in just two days in the past week. However, the crypto products finished with a weekly total net inflow — for the fourth consecutive week — of $62.73 million. Similarly, the spot Bitcoin ETFs appear to be losing interest from investors, as most funds recorded outflows to close the past week. The crypto products registered a daily net outflow of approximately $276 million on Friday. Ethereum Price As of this writing, the Ethereum price stands at around $3,342, reflecting a 2.4% decline in the past 24 hours. Given their impact on the value of ETH, it might be important for the spot ETFs to return to positive inflows if the Ethereum price is to see any relief. Related Reading: Bitcoin Drops Below $98K—Is This the Perfect Buying Opportunity for Investors? Featured image from iStock, chart from TradingView

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Constantine Zaitsev, CEO of DRPC, believes multichain solutions are a temporary fix and future advancements like modular blockchains hold promise for a more streamlined approach to blockchain scalability and specialization. Preparing for the Modular Blockchain Era Multichain solutions may not be the blockchain industry’s long-term answer, despite effectively addressing current scalability and specialization limitations, according […]

Ethereum has faced significant volatility over the past few days, with massive selling pressure emerging after the cryptocurrency failed to break above its yearly highs set earlier in December. This price action has left traders and investors questioning the next direction for ETH as it consolidates under critical resistance. Related Reading: Bitcoin Will Test ATH Once It Breaks This Strong Supply Zone – Details Despite the turbulence, on-chain data suggests a potentially bullish outlook. Analyst Ali Martinez shared insightful metrics showing that Ethereum whales have been accumulating heavily during this period of uncertainty. According to the data, whales purchased 340,000 ETH—worth over $1 billion—in the last 96 hours. This significant accumulation indicates that major players see long-term value in Ethereum, even as short-term market sentiment remains mixed. The ongoing whale activity could signal an upcoming recovery for ETH, with large holders positioning themselves for future gains. Historically, such accumulation phases have often preceded strong rallies, as increased demand and reduced supply contribute to upward momentum. Ethereum Whale Demand Keeps Rising Ethereum demand has shown significant instability throughout the year, with persistent selling pressure pushing prices down from local highs. Each rally attempt has faced resistance, highlighting the challenges ETH has encountered in sustaining upward momentum. Despite this, Ethereum continues to demonstrate resilience, particularly during corrective phases, as large holders actively accumulate ETH. Martinez recently shared compelling data on X, indicating a remarkable whale accumulation trend. In the past 96 hours alone, whales have purchased 340,000 Ethereum, valued at over $1 billion. This substantial buying activity underscores the confidence that major players have in Ethereum’s long-term potential. Such accumulation often signals the possibility of a market shift, with whales strategically positioning themselves ahead of a potential breakout. Martinez and other analysts believe this whale-driven demand hints at a significant price surge in the weeks to come. Furthermore, the broader crypto community anticipates Ethereum playing a pivotal role in the expected altseason next year, solidifying its position as a market leader among altcoins. Related Reading: XRP Holds Key Demand Level – Whale Activity Suggests Strength As Ethereum enters this critical phase, market participants will closely monitor its ability to capitalize on the current accumulation. If whale activity continues, it could pave the way for Ethereum to reclaim local highs and potentially set new milestones, reinforcing its dominance in the crypto space. ETH Holding Key Support  Ethereum is currently trading at $3,320, showing resilience after holding above the critical 200-day moving average (MA) at $3,000. This level is widely regarded as a key indicator of long-term market strength. Holding above it suggests that Ethereum remains in a bullish structure despite recent volatility and selling pressure. For Ethereum to regain momentum, bulls will need to push the price above the $3,550 resistance level and maintain it. Breaking this zone would signal a renewed upward trend and increase the likelihood of Ethereum testing higher levels. However, this may not happen immediately, as the market could enter a period of sideways consolidation. Related Reading: Bitcoin Realized Losses Spike 3 Times The Weekly Average – Healthy Correction Or Downturn? Such consolidation is common after periods of heightened volatility and allows the market to establish a more stable base for the next significant move. A strong consolidation phase above $3,000 would further confirm the 200-day MA as a solid support level, boosting confidence among investors. Featured image from Dall-E, chart from TradingView