Ethereum price closes in on $4K as Shiba Inu (SHIB) steals Dogecoin’s thunder

The crypto market has rallied into the weekend as Ether (ETH), Dogecoin (DOGE) and Shibu Inu (SHIB) hit new all-time highs as they lead the pack of altcoins up the market cap mountain.  Much of the excitement behind Dogecoin’s rally has been attributed to the upcoming appearance of Elon Musk, the CEO of Tesla and a Dogecoin advocate, on the popular Saturday Night Live comedy sketch show. Ether, on the other hand, continues to rally toward $4,000 as institutional interest in the altcoin soars and the approaching London hard fork have…

Ethereum and DeFi get in shape for another hot summer

Altcoins like Ether (ETH), Dogecoin (DOGE) and Ethereum Classic (ETC) are spearheading a new alt season that seems to have taken off with a bang. Since a rising tide usually lifts all boats, there are several other cryptocurrencies that are benefiting from this growing interest in altcoins. Ether, however, may be the one generating the waves. The price of ETH, the flagship altcoin, increased more than 65% over 30 days to finally break through the $3,500 barrier on May 6. This takes the yearly gains for the token to over…

Ethereum Classic gains 300% in one week as traders rush to buy the ‘wrong Ethereum’

The “original” yet ironically “wrong” Ethereum and Telcoin (TEL) are leading a fresh altcoin surge this week. Bitcoin (BTC) fans are already calling time on the fun. Ethereum Classic (ETC), the pet favorite of Digital Currency Group founder Barry Silbert, is up 300% in a week. ETC hits $180: Bull market or “casino market”? In the latest incarnation of the 2021 “alt season,” altcoins are passing the torch between each other as investors chase optimal gains. This year has also seen a curious shift in market focus from a token’s…

Flippening? Record $10B Ethereum futures volume briefly outpaces Bitcoin’s

In the past 30 days, Ether (ETH) price decoupled from Bitcoin (BTC) to post a 67.5% gain, while the leading cryptocurrency price has barely moved. Ether’s $3,605 all-time high on May 5 was responsible for boosting the asset’s futures open interest to $10 billion. This movement brings up some crucial questions as the dominance of Bitcoin’s derivatives markets appears to be challenged at the moment. On May 4, Ether’s aggregate futures volumes surpassed Bitcoin’s for the first time in history. Ether and Bitcoin aggregate futures volume, USD. Source: Coinalyze Volume data…

IDEX Announces Move to Target MEV on Ethereum

Key Takeaways IDEX is introducing “hybrid liquidity” pools with hopes of tackling slippage and front-running in DeFi. IDEX Hybrid Liquidity will combine an order book and trading engine with liquidity pools. As DeFi has grown, many traders have suffered from value extraction known as Miner Extractable Value (MEV). Share this article One of DeFi’s top exchanges is aiming to target the industry’s pitfalls with its latest update.  IDEX Targets DeFi’s Issues  IDEX, regarded by many as one of crypto’s premier decentralized exchanges (DEXes), has unveiled an innovation to solve some…

Ethereum Sets New ATH, Why Dips Remain Attractive In Near-Term

Ethereum extended its rally and it traded to a new all-time high near $3,550 against the US Dollar. ETH price is correcting gains, but it is likely to remain well bid near $3,400. Ethereum extended its rally above $3,500 and it traded to a new all-time high near $3,550. The price is now trading well above $3,400 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $3,390 on the hourly chart of ETH/USD (data feed via Kraken). The pair is correcting…

Three reasons why the ‘other Ethereum’ has pumped 130% in the last week

Ethereum Classic (ETC) continues to maintain its parabolic price action advance that began in late March. Data from crypto market aggregator Coingecko shows ETC is up almost 50% in the last 24-hour trading period as of the time of writing. Indeed, the 20th-ranked crypto by market capitalization is currently at an all-time high above $76. Source: TradingView The first likely reason for this current price action advance is that it is a continuation of ETC’s positive performance since the end of Q1 2021. As previously reported by Cointelegraph, major forks…

Ethereum Corrects Gains, Here’s What Could Trigger Fresh Rally

Ethereum extended its rally and it traded to a new all-time high above $3,520 against the US Dollar. ETH price is correcting gains, but it is likely to start a fresh rally above $3,400. Ethereum extended its rally above $3,500 and it traded to a new all-time high near $3,525. The price is now trading well above $3,200 and the 100 hourly simple moving average. There is a crucial breakout pattern forming with support near $3,260 on the hourly chart of ETH/USD (data feed via Kraken). The pair could either…

Institutional managers hold a record $13.9B worth of Ethereum

Institutional investment managers bought $30.2 million worth of Ethereum (ETH) last week, bringing their total holdings to a record $13.9 billion, according to CoinShares. Inflows into Ethereum products appears to be ramping up as investors devote greater attention and resources to the smart-contract platform. Month-to-date inflows for ETH products totaled $170 million, bringing the yearly total to $824 million. Managers now hold a combined $13.9 billion worth of ETH. The weekly inflows report showed strong growth across most digital assets, with the exception of Bitcoin Cash (BCH), where inflows fell…