I have been trying to get Gemini exchange to approve my wallet address so that I can send my crypto to my cold storage wallet. They’ve been dragging their feet for weeks. Should I sell everything, move over to Coinbase or something like that, and buy the same balances/crypto there? To me it kind of…
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Institutional investors now hold pivotal stakes in 15 major cryptocurrency mining firms, with asset managers like Vanguard, Blackrock, and Fidelity steering ownership across an increasingly competitive sector. Inside the Top 15 Bitcoin Mining Firms Dominated by Finance Heavyweights Institutional investors are rewriting the rules of the cryptocurrency mining sector. Vanguard, Blackrock, and Fidelity now command […]
The Ethereum price is showing strong signs of a potential breakout, as an analyst predicts a surge to $3,300 in just one week. This forecast shows Ethereum’s projected successful breach of a key resistance level, indicating an imminent price recovery to new highs. Analyst Projects Ethereum Price Recovery To $3,300 Ted Pillows, a crypto analyst on X (formerly Twitter), has shared a super bullish projection for the Ethereum price despite its recent downturn. The analyst projects that ETH can reach $3,300 in just one week, highlighting key technical patterns and changes in price action to support his prediction. Related Reading: Analyst Says You’ll Regret Not Buying Ethereum At These Prices, Here’s Where It’s Headed Pillows pointed out that a Symmetrical Triangle technical pattern has appeared on the Ethereum chart. This formation is typically seen as a bullish pattern, signaling an imminent price breakout to the upside after a period of consolidation. The crypto analyst described his projected rally for Ethereum as a “short-term pump,” meaning that in the coming days, ETH could easily hit the new price target. Pillows highlighted a breakout area for Ethereum on its price chart. Currently, the cryptocurrency is trading at $2,688 and approaching key resistance levels. If it can break past the symmetrical triangle pattern and breach the resistance level around $2,750, then the analyst suggests that a surge between $3,100 and $3,300 is possible. Following Ethereum’s projected rise to $3,300, Pillows anticipates a possible move back toward consolidation zones. This suggests that Ethereum may experience a slight price correction and consolidate around that price range for a while. Interestingly, the analyst predicts that once ETH completes its consolidation, it will experience another rally to its next price target. The price of Ethereum has fallen by over 18% in the past month, highlighting its slow growth and susceptibility to market volatility. If the Ethereum price can surge to Pillow’s projected target of $3,300 by next week, then the cryptocurrency will be on its way toward a much-needed price recovery. While cryptocurrencies like Bitcoin, Solana, and XRP have all hit respective all-time highs during this bull cycle, Ethereum has failed to experience a rally strong enough to push its price back to historic highs. Nevertheless, analysts remain bullish about the altcoin’s future outlook, highlighting strong fundamentals and bullish technical indicators. ETH Flashes Bullish Buy Signal According to crypto analyst Merlijn the Trader, Ethereum has just flashed a buy signal on its daily price chart. The analyst also noted that its Moving Average Convergence Divergence (MACD) has just flipped bullish, signaling a potential for an upward trend. Related Reading: Ethereum Price Enters Bullish Expansion, Analyst Reveals How High It Can Go In February Merlijn the Trader has revealed that the last time all of these technical indicators aligned in this manner, Ethereum pumped by over 66% to new highs. This historical pattern suggests that Ethereum could see a similar upward movement in the future. As a result, the analyst has projected a potential surge to $2,800 for ETH, marking a 4% increase from its current price. Featured image from Unsplash, chart from Tradingview.com
I have rETH on mainnet. Is it possible to set a limit sell order to convert it to either ETH or WETH on CowSwap, for example? It looks like I can from their interface, but AI is telling me that I can't. I'm a little confused about when it has to be WETH and whether…
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Metaplanet announced on Monday that it has acquired an additional 269.43 BTC, valued at approximately $26.4 million (¥4 billion). This latest purchase brings the company’s total holdings to around 2,031 BTC, which is worth about $196 million at current prices. With an average purchase price of around $80,700 per bitcoin, Metaplanet’s overall investment in bitcoin […]
I am thinking of buying and hodling a large amount of Ethereum, and I would like to use it to generate some income. I understand that if I stake with coinbase, rocketpool, or lido, I get a liquid staking token. I also understand that I can (in theory) use restaking through eigenlayer to get additional…
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A group of Argentine lawyers have filed a complaint with the US DOJ and FBI that points to the protagonists behind the LIBRA token and asks for President Javier Milei to be investigated.
Sonic SVM, Solana’s first chain extension, officially announced today its $1M hackathon, designed to spur native decentralized application development ahead of its main net launch on Feb. 27, 2025. New York-Based Sonic SVM Announces Hackathon to Spur Solana Dapp Development Organized by Sonic SVM in New York, the hackathon runs from Feb. 17 to March […]
A well-known analyst made an intriguing assumption about the rise of XRP, saying that it could potentially outdo the Philadelphia Gold and Silver Index. Egrag Crypto predicted that XRP could rise by 1,000% against the gold and silver index as the analyst sees the crypto replicating a run it made in 2017. Related Reading: Dogecoin To $1.35? Analyst Predicts Milestone ‘Within 70 Days’ A Looming Crypto Run In a post, market analyst Egrag Crypto noted that indicators are showing that the altcoin could potentially make a bull run similar to what it did in 2017, saying that it could have a big run that would allow it to outperform the Philadelphia Gold and Silver Index. “XRP / XAU: 1000% Possible Candle?” the prominent analyst said in his X account. #XRP / #XAU: 1000% Possible Candle? 🔥 Not many analyze the #XRP / #XAU pair, but the chart looks primed for a bounce! Let’s break it down: 1⃣Understanding the Pair 🔍 🔷This analysis focuses on #XRP / #XAU, not against the US Dollar. 🔷If #XAU decreases in #USD terms, the… pic.twitter.com/5bgkp2G64U — EGRAG CRYPTO (@egragcrypto) February 10, 2025 Egrag analyzed the performance of XRP against the Philadelphia Gold and Silver Index by showing the XRP/XAU pair, which represents the coin’s market capitalization, versus the index. “If XAU decreases in #USD terms, the price of XRP in terms of #XAU will increase, impacting its dollar value directly,” the market analyst explained. Current Setup Mirrors 2017 Rally Egrag added that the current XRP’s condition might be similar to that of its 2017 run. “I theorize that the three green candles we saw in 2017 have been replicated, albeit with a different degree of growth. We are currently in a ranging mode; the arrow chart suggests we may stay in this range if current price action aligns,” the analyst noted. For clarity, the gold and silver index is being traded on the Philadelphia Stock Exchange, which tracks the stocks of 30 precious metal mining firms. Moreover, this index trades with the ticker XAU, which is the same ticker for gold ounces. XRP Could Hit $28.5 Egrag said in its previous run in 2017, the pattern allowed XRP to soar by 1,000% in the XRP/XAU pair, saying that at the moment, the pair is being traded at $893.9 million. The figure was obtained by dividing the altcoin’s current market capitalization of $149.64 billion by the current price of the Philadelphia Gold and Silver Index of $167.39. The market analyst believed that if XRP would repeat the 1,000% spike while $167.39 is the price of the index, it would push the price of the XRP/XAU pair to $9.83 billion. With such value, the XRP market capitalization would be at $1.64 trillion, supposing the index remains at $167.39, leading to XRP being traded at $28.5. Related Reading: Bitcoin Whales Accumulate—Will This Push BTC Toward $100K? Altcoin Bounces Off Egrag noted that XRP price versus XAU seems to have bounced beyond the equilibrium phase, recovering from a massive collapse this month that saw XRP slide to $1.7. “Nice Bounce: #XRP / #XAU has bounced forcefully from the equilibrium stage. A similar bounce occurred at the 7 EMA (Exponential Moving Average), indicating bullish momentum,” the market analyst said in a post. Featured image from Gistly, chart from TradingView
What do you guys usually do when sending ETH to cold storage? Do you keep your ETH on L1? Or do you use something like Base L2 and keep it on the Base network? submitted by /u/CryptoYuzu [link] [comments]
