Ethereum ETH Surges Past $3,700 Amid Bullish Momentum

2024-3-6 01:15

The Ethereum market has witnessed a remarkable surge, with the price surpassing the $3,700 mark, mirroring the upward trend observed in Bitcoin, which recently soared above $68,000. 

Ethereum ($ETH) is demonstrating significant strength, showcasing a staggering 54% increase over the past four weeks, marked by a series of bullish candles dominating the weekly chart.

Amidst the soaring prices, recent on-chain data has revealed intriguing activity involving six wallets associated with PulseChain/X.

These wallets collectively acquired 33,117 ETH using 120 million DAI, with an average purchase price of $3,628.

Notably, the balance in these six wallets indicates that they still possess 71.7 million DAI, potentially signaling intentions to acquire more ETH in the near future.

The price of $ETH broke $3,700!

Six wallets linked to #PulseChain and #PulseX Sacrifice spent 120M $DAI to buy 33,117 $ETH at ~$3,628 in the past 13 hours.

There are still 71.7M $DAI left across these 6 wallets, and their last $ETH purchase was only 30 mins ago!

More $ETH will… pic.twitter.com/pT08pb9QlP

— Spot On Chain (@spotonchain) March 5, 2024

At the time of writing, Ethereum is trading at $3,757, reflecting the robust investor sentiment and growing confidence in the cryptocurrency market.

Ethereum, Still Strong Hold Despite Recent Happenings

The surge in Ethereum’s price underscores the increasing demand and investor interest in the platform, driven by its diverse utility and potential for innovation in decentralized finance (DeFi), non-fungible tokens (NFTs), and various other applications built on the Ethereum blockchain.

As Ethereum continues to gain traction and establish itself as a cornerstone of the cryptocurrency ecosystem, market participants are closely monitoring its price movements and underlying fundamentals.

The recent influx of capital into Ethereum reflects growing optimism and anticipation surrounding the network’s upcoming upgrades, including the transition to Ethereum 2.0 and the implementation of the Ethereum Improvement Proposal (EIP) 1559.

However, investors are advised to exercise caution and remain vigilant in the face of market volatility. While the bullish momentum may present opportunities for profit, it also carries inherent risks. Prudent risk management and thorough analysis are essential for navigating the dynamic cryptocurrency landscape and making informed investment decisions amidst the evolving market conditions.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: promesaartstudio/123RF // Image Effects by Colorcinch

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 2979.26 (+0.64%)
Объем 24H $10.872b
Изменеия 24h: -0.77 %, 7d: -0.60 %
Cегодня L: $2945.83 - H: $3009.16
Капитализация $357.825b Rank 2
Цена в час новости $ 3533.93 (-15.7%)

ethereum bullish 700 eth past strength showcasing

Источник: nulltx.com

ethereum bullish → Результатов: 126


Ethereum Price Action Sparks Bullish Signals; $500 Incoming?

For the third consecutive day, Ethereum has been one of the top-performing crypto assets while its big brother has taken a break. A slight fall back for bitcoin was not mirrored for ETH so has the world’s second most popular crypto asset finally started to decouple? Ethereum Touches $200 Following a bullish weekend and a big ‘Bart pattern’ on Monday, Ethereum resumed its upward momentum to touch the psychologically significant $200 level on a number Read More The post Ethereum Price Action Sparks Bullish Signals; $500 Incoming? appeared first on Bitcoinist.com.

2019-9-17 19:00


Hedge Fund Bullish on EOS and Ethereum, Bearish on Ripple and Litecoin

Austin-based cryptocurrency hedge fund Multicoin Capital is long Ethereum as well as EOS while short both Litecoin and Ripple’s XRP. Backed by Andreessen Horowitz’s Marc Andreessen and Union Square Venture’s Chris Dixon among others, the $75 million fund is defending its most significant position: EOS, a currency that raised $4 billion through an ICO last month […] Hedge Fund Bullish on EOS and Ethereum, Bearish on Ripple and Litecoin was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-7-3 01:24


Фото:

‘Future Is Bright’ – Ethereum Co-Founder Bullish On Multi-Trillion Dollar Cryptocurrency Market

Co-founder and former Ethereum CEO Charles Hoskinson makes a bold statement on his positive outlook for the future of the cryptocurrency market.  Chomping At The Bit Charles Hoskinson – co-founder and previous CEO of Ethereum and current CEO of Input Output HK (IOHK) – shared a hopeful and uplifting sentiment today on Twitter today: What's often missed by the cryptocurrency is going to die broken record media is that after the next wave of regulation, Read More The post ‘Future Is Bright’ – Ethereum Co-Founder Bullish On Multi-Trillion Dollar Cryptocurrency Market appeared first on Bitcoinist.com.

2018-6-23 04:00


Фото:

Betting On Augur: 8 Reasons To Be Bullish On REP

Augur (REP) will be the talk of the cryptocurrency community when they go live on the Ethereum mainnet on July 9th, 2018. Augur, known by most for being the decentralized “betting market”, is more than just that – it is a decentralized prediction market and oracle service that wants to use the wisdom of the […] The post Betting On Augur: 8 Reasons To Be Bullish On REP appeared first on Crypto Briefing.

2018-6-22 19:11


Billionaire Ethereum Creator Bullish on Chinese Blockchain Projects Qtum and VeChain

Ethereum co-founder is looking to China for his next big investments, likes Qtum and Vechain and still believes strongly in Bitcoin. Shopping for Bargains Anthony Di Iorio who currently runs Decentral an “Innovation Hub” in Toronto which focuses on blockchain projects and is the creator of the Jaxx cryptocurrency wallet made his money as an.

2018-6-22 08:55


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

$PROM Token Sees 5% Decline Amidst Withdrawal Activity On Binance

The modular ZkEVM Layer 2 token, $PROM, experienced a 5% decline in value today, reflecting the volatility inherent in the cryptocurrency market. On-chain data has revealed significant withdrawal activity involving Wallet 0x3a2, shedding light on potential market dynamics influencing $PROM’s price movement.

Render Token RNDR Sees Surge Despite Market Decline

Render Token (RNDR), a prominent player in the AI Coins category, has captured the attention of the crypto markets with a remarkable 40% increase in weekly charts, despite experiencing a 6% decline today.

From The Deep: Bitcoin Whale Emerges After A Decade, Millions On The Move

A digital Lazarus has risen from the blockchain graveyard. After a decade of slumber, a Bitcoin wallet, presumed lost to the mists of internet history, stirred back to life on May 6th, 2024. This prehistoric beast, a “whale” in crypto terminology due to its massive holdings, sent ripples through the market by transferring a staggering […]

Whispers In The Deep: Why Are Ethereum Whales Disappearing?

Ethereum (ETH), the world’s second-largest cryptocurrency, continues to grapple with uncertainty after a steep price decline. Investors are on tenterhooks, with whales exiting their positions and the market sentiment teetering between fear and a glimmer of hope.