Recent data shows that Solana-based decentralized exchanges (DEXs) have taken Ethereum’s spot in a key metric, creating expectations and positive sentiment for the Solana (SOL) ecosystem. Solana DEXs Outperform Ethereum According to data from DeFiLlama, Solana-based decentralized exchanges (DEXs) have flipped Ethereum in daily trading volume. Over the last 24 hours, Solana’s $1.14 billion trading…
Ethereum price is attempting a fresh increase above the $2,280 resistance. ETH could gain bullish momentum if there is a clear move above $2,350. Ethereum is slowly moving higher from the $2,240 support zone. The price is trading above $2,280 and the 100-hourly Simple Moving Average. There is a rising channel forming with resistance near…
In a post on X, Arthur Hayes, the co-founder of the derivatives crypto exchange BitMEX, said it might be time for traders to double down on Solana (SOL) and altcoins in general. Hayes’s comments come at a time of heightened volatility in the broader crypto market, with Bitcoin (BTC) struggling to regain its footing and altcoins,…
Ethereum price started a fresh decline from the $2,350 resistance. ETH is now testing the $2,240 support and remains at risk of more downsides. Ethereum started a fresh decline after it failed to surpass the $2,350 resistance zone. The price is trading below $2,300 and the 100-hourly Simple Moving Average. There is a key bearish…
A crypto analyst, Eric, believes Ethereum (ETH) could spike to $20,000 in the upcoming bull run. The analyst said the potential launch of spot Ethereum exchange-traded funds (ETFs) in the United States will propel this upswing. Ethereum To $20,000 Possible In a post on X, Eric cited Ethereum’s historical tendency to mirror Bitcoin (BTC), albeit with…
Crypto analyst Santiago Santos recently drew parallels between the Solana and Ethereum networks. As part of his analysis, Santos suggested that Solana had an advantage over Ethereum, something which he believes could cause the former to catch up with the latter soon enough. Solana’s Recent Run Similar To Ethereum’s ICO Boom Santos mentioned in an…
Ethereum price extended its increase above the $2,320 resistance zone. ETH is correcting gains but the 100 hourly SMA might provide support and start a fresh increase. Ethereum started an extended recovery wave above the $2,320 resistance zone. The price is trading above $2,300 and the 100-hourly Simple Moving Average. There was a break below…
The Securities and Exchange Commission (SEC) is poised to follow a similar approach to approving spot Bitcoin (BTC) exchange-traded funds (ETFs) for spot Ethereum ETFs, with the expectation that approval will be granted on the initial final deadline of May 23, as per Standard Chartered Bank analysis. Ethereum ETFs Face Delays, Approval Remains Likely According…
In a recent analysis, Andrew Kang, co-founder and partner of Mechanism Capital, provided a comprehensive analysis of the cryptocurrency market, focusing on the comparative strengths of Solana (SOL) over Ethereum (ETH) in the current bull cycle. Kang shared his insights via X, the platform formerly known as Twitter. Central to Kang’s argument is the idea…
Ethereum price jumped above the $2,280 resistance zone. ETH could gain bullish momentum if it clears the $2,330 resistance zone. Ethereum started a decent increase above the $2,250 resistance zone. The price is trading above $2,280 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance near…