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The price of Ethereums Ether (ETH) has risen by approximately 4.5% in the last 24 hours to reach $3,500 on March 25. This rebound is part of a larger recovery trend, with Ether gaining about 14.5% from its local low of around $3,050 on March 20.

Let's delve into the factors that have influenced Ether's price gains in recent days.

Ether's latest gains precede a period of accumulation among its richest investors, also known as whales.

According to data resource Glassnode, entities holding between 1,000 and 10,000 ETH have increased their Ether reserves by approximately 1.15% in March. Recently, this accumulation pattern has often been a precursor to significant price surges, as shown below.

Moreover, these accumulation phases have coincided with price declines, suggesting that large-scale investors are currently buying dips, expecting the price to resume its upside.

Today's uptick in Ethereum's price is closely linked to two key on-chain metrics indicating a reduction in ETH's circulating supply.

The percentage of Ether supply locked in its smart contracts has surged to 36.47%, marking the highest level recorded as of March 5.

This locking up reduces the circulating supply available for trading, potentially putting upward pressure on price.

To illustrate, the net change in Ether's supply over a week was approximately -4,000 ETH as of March 25, highlighting a tangible decrease in circulating supply over the past week that could support upward price movement.

Second, Ether's recovery since March 20 aligns with the declines in ETH reserves across all crypto exchanges, as shown below.This trend indicates a growing preference among traders to retain their ETH, opting for long-term holding rather than exchanging it for other assets.

Ethereums ongoing price gains mirror similar rebound moves across the crypto market amidsignals that the Federal Reserve and its major global counterparts will likely start cutting interest rates by June.

Lower interest rates typically reduce the yield (or return) on government bonds, which investors consider as one of the safest investments. This makes bonds less attractive to investors seeking higher returns. In turn, they shift their capital to riskier assets, such as stocks and cryptocurrencies.

Related:Goldman Sachs hedge fund clients are piling back into crypto this year

The Fed hasnt hiked interest rates since July 2023. Since then, the price of Ether has jumped by over 108%. Similarly, the crypto markets valuation on the whole has rallied 114% in the same period, fueled further by the approval of spot Bitcoin exchange-traded funds (ETFs) in the U.S.

Ethers price started rebounding after reaching a support confluence comprising its 50-day exponential moving average (50-day EMA; the red wave in the chart below) at $3,270 and its 0.382 Fibonacci retracement line at around $3,125.

At the time of Ether's bounce, its RSI was around 50, indicating a balanced or neutral sentiment in the market. Interestingly, this trend resembles ETH's bounce in January 2024 (the red bar), which preceded a 90% price rally to around $4,085.

ETH price now eyes a breakout toward $4,000 by April if it decisively closes above its 0.236 Fib line at around $3,500. As mentioned above, failing to do so would risk a sharp pullback toward the support confluence area.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

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Why is Ether (ETH) price up today? - Cointelegraph

The quarterly expiration of (BTC) and (ETH) options contracts, valued at billions of dollars, is set to trigger bullish price volatility this Friday at 08:00 UTC on crypto derivatives exchange Deribit.

This event marks one of Deribit's largest expiries, with $15.2 billion worth of contracts set to be settled, according to CoinDesk.

Bitcoin options, which represent 62% of the total notional open interest due for settlement, account for $9.5 billion, while Ether options make up the remaining portion.

The impending expiry will reduce the total notional open interest across all maturities by 40% and 43% for Bitcoin and Ether, respectively. This reduction in open interest is noteworthy as it reflects the dollar value of all active contracts at a given time on Deribit, where a single option contract equals one BTC or one ETH.

According to Deribit's chief commercial officer, the bulk of these options are expected to expire in the money (ITM), which effectively triggers upward pressure or volatility in the market. An ITM call option allows the investor to buy BTC or ETH at a strike price lower than the current market rate, resulting in a profit.

With Bitcoin's market rate around $70,000, roughly $3.9 billion worth of Bitcoin options are on track to expire ITM, constituting 41% of the total quarterly open interest.

Similarly, 15% of ETH's total quarterly open interest, valued at $5.7 billion, is set to expire at ITM. These high levels of ITM expiries, which are unusual compared to previous cycles, may lead to increased market volatility, especially given the recent price rallies in both Bitcoin and Ethereum.

The concept of "max pain" points to the strike price at which the highest number of options (both call and put) would expire worthless, causing maximum financial loss to option buyers. For this quarter's expiry, the max pain points are set at $50,000 for BTC and $2,600 for ETH. Historically, prices have tended to move toward these max pain points before rallying after the expiry, suggesting a pattern that might repeat.

Dealer hedging activities are also expected to contribute to market volatility. David Brickell, head of international distribution at FRNT Financial, highlighted the dealers' gamma positioning. With dealers short around $50 million of gamma, primarily concentrated at the $70,000 strike for Bitcoin, the forced hedging around this level could lead to "whippy, choppy moves" as the expiry approaches.

Gamma refers to the rate of change in an option's delta, which measures the sensitivity of an option's price to changes in the underlying asset's price. Market makers, who typically maintain a neutral exposure while providing liquidity, could amplify price movements through their hedging activities.

Read more here:

Massive Bitcoin and Ethereum options expiry to trigger market volatility - report - Investing.com

What is the price of ethereum today?

The price of ethereum, or 1 ETH, traded at $3,631.29, as of 8 a.m. ET.

The chart above is pulling data as of 8 a.m. ET daily and doesnt display intraday highs or lows.

Even though ethereum is not the first altcoin, its the most popular and successful. The cryptocurrency was launched in 2015.Its blockchain has generated tremendous growth and returns over the past nine years.

The return comparisons are as of 8 a.m. ET.

The leading altcoin has shifted global financial markets and amassed a global market capitalization of $436.03 billion. ETH is currently up 105.64% year over year.

Today, ethereum's $436.03 billion market capitalization is second to bitcoin's. Bitcoin and ethereum represent 68.18% of the entire cryptocurrency market. Behind ethereum, the third-largest crypto is BNB, with a market cap of just $86.50 billion.

Bitcoin and ethereum's combined crypto market dominance has fluctuated over the years. But it has trended steadily higher since late 2022.

Ethereum's market cap of $436.03 billion is slightly more than some major blue-chip stocks, such as Home Depot (HD) at $386.77 billion and Johnson & Johnson (JNJ) at $374.07 billion.

Ethereum is a blockchain-based network created to facilitate secure, decentralized financial transactions. The network's native cryptocurrency is ether.

Unlike bitcoin, ethereums programmable blockchain allows users to securely verify and execute code, including smart contracts and decentralized applications. Smart contracts on the ethereum network are software applications that run automatically on the blockchain when certain predetermined conditions are met.

The ethereum network's decentralized nature allows developers to run programs without relying on Big Tech companies or other third parties. Rather than running software on cloud servers housed in massive data centers owned by Google, ethereum users can run applications by leveraging ethereum's large network of small, private computers.

Applications on the ethereum blockchain include options for gaming, socializing, gambling and decentralized finance. The ethereum blockchain is also home to the world's largest non-fungible tokens. NFTs are unique digital creations representing ownership of digital property, such as a work of art, song or video.

Ethereum gas is the fee network users pay to process transactions or use smart contracts on the network. Gas fees are akin to highway tolls. Users pay these fees to use the ethereum blockchain.

The unit of measurement for gas fees is gwei. One gwei equals one billionth of one ETH.

Like bitcoin and other leading cryptocurrencies, ethereum had humble beginnings. Shortly after its launch in July 2015, ETH hit its all-time low of 42 cents in October 2015.

The popularity and trading volumes of cryptocurrencies started to snowball in 2017. ETH prices reached $1,000 for the first time in January 2018. The crypto ultimately peaked at around $1,300 less than two weeks later.

Ethereum's parabolic 2017 rally was partly driven by CME Group's announcement that it would launch bitcoin futures contracts late that year. They were the first crypto-currency related products offered by a regulated U.S. financial institution.

Enthusiasm for cryptocurrency died down in 2018. That led to one of several crypto winters in the past decade.

The next crypto boom began in 2020. This time, ETH's parabolic rise was partly driven by government shutdowns of sports, casinos, and other leisure and entertainment options. Multiple rounds of government stimulus checks also left many Americans with extra disposable income.

Ethereum prices reached $4,891 on Nov. 16, 2021. But rising interest rates cooled investor enthusiasm for risk assets in 2022. A string of crypto industry layoffs and bankruptcies weighed on crypto prices, culminating in the bankruptcy of leading cryptocurrency exchange FTX in November 2022. During the 2022 crypto winter, ETH prices dropped below $900.

The ethereum rally resumed in 2023 and into 2024 as investors grew more optimistic about the U.S. economic outlook. The Securities and Exchange Commissions approval of several bitcoin spot ETFs in January 2024 further bolstered ethereum prices. Many crytpo enthusiasts see this as an encouraging sign for the approval of ethereum spot ETFs. Ethereum prices soared to 4,088.00 in March 2024.

Since ethereums launch in 2015, there's no question that bitcoin and ETH have been spectacular investments.

The past years enthusiasm for bitcoin spot ETFs has reversed the performance gap between the two major cryptos. The price of bitcoin is up 153.26% year over year, compared to a 105.64% gain for ethereum.

You can buy ethereum on popular cryptocurrency exchanges like Binance, Coinbase and Kraken. Ethereum trades under the symbol ETH. There are also online brokerages that support cryptocurrency trading, such as Robinhood, Interactive Brokers and Webull.

In addition, you can buy ethereum on leading payment apps Venmo and PayPal. Finally, ethereum can be bought directly by searching for a physical cryptocurrency ATM that sells ether.

When you buy ethereum directly, you must store your ETH in a cryptocurrency wallet. This is much like storing paper money in a physical wallet.

The private keys are needed to send or receive cryptocurrency in a digital wallet. A person who controls a wallet's private keys controls all the cryptocurrency associated with the wallet.

Ethereum wallets can be hardware wallets resembling USB sticks or software wallet apps that store ETH on a smartphone or another device. Hot wallets are connected to the internet, while cold wallets are not. Hot wallets are generally considered more convenient, but cold wallets can be safer and more secure.

In addition to buying ethereum directly, you can indirectly speculate on the ethereum market via ethereum funds.

The SEC approved the first wave of ethereum futures ETFs in late 2023. These ETFs don't invest in ethereum directly but instead hold ethereum futures contracts. Leading ethereum futures ETFs include the VanEck Ethereum Strategy ETF (EFUT), the ProShares Ether Strategy ETF (EETH) and the Bitwise Ethereum Strategy ETF (AETH).

The popular Grayscale Ethereum Trust (ETHE) tracks the price of ETH. But Grayscale can only trade over the counter in the U.S. until it receives approval to convert into an ETF. That conversion is contingent on the SECs approval.

Ultimately, ethereum investors are hoping that the SEC approves spot ethereum ETFs. Spot ETFs invest directly in the underlying cryptocurrency rather than futures contracts or other derivatives. Grayscale and BlackRock are among several companies that have applied for SEC approval.

Ethereum does not represent ownership of assets with tangible value and does not generate earnings, revenue or cash flow. ETHs price is determined exclusively by supply and demand. If the popularity of the ethereum network continues to grow in the long term, demand for ethereum will likely grow over time.

Ethereum and other cryptocurrencies are extremely volatile. That makes it difficult to predict how its price will behave. Ethereum has performed extremely well overall since its launch in 2015. But past performance is no guarantee of future results.

Originally posted here:

Ethereum price today: ETH is up 52.15% YTD - USA TODAY

Like the climax of a heist movie, the crypto markets latest sensation, Koala Coin (KLC), has investors on the edge of their seats. Koala Coin (KLC), now available in its presale for just $0.014, promises a unique fusion of meme culture charm and serious financial prospects. Its setting the stage for what could be the most engaging investment opportunity of the year.

Koala Coin (KLC) stands out in the crowded crypto space with its blend of meme culture joy and serious financial promise, creating an irresistible allure for investors. With governance rights, staking rewards and a vault of exclusive memes, Koala Coin (KLC) promises a unique mix of camaraderie and profit.

Amidst a buzzing presale, Koala Coin (KLC) is not just another token. Investors are drawn to its robust secure blockchain technology and the promise of a community-driven future. The fear of missing out on this ground-breaking opportunity is palpable. Driving Ethereum (ETH) and Dogecoin (DOGE) enthusiasts to join the Koala Coin (KLC) family.

Ethereum (ETH) remains a cornerstone in the world of cryptocurrency, valued at $3330.07 and showing a healthy 30-day increase of 13.40%. This growth underscores the pivotal role of Ethereum (ETH) in the digital asset space, primarily due to its pioneering smart contract technology.

However, Ethereum (ETH) is grappling with its own challenges, particularly in terms of scalability and transaction fees. These issues have highlighted the pressing need to transition to Ethereum (ETH) 2.0, a significant upgrade to enhance network efficiency and reduce costs. Ethereum (ETH) must address these hurdles while capitalizing on its established infrastructure and developer community.

Dogecoin (DOGE) has transcended its origins as a playful meme to become a major player in the cryptocurrency market, currently valued at $0.17 and witnessing a staggering 30-day growth of 103.67%. This remarkable ascent reflects the unique position of Dogecoin (DOGE) at the intersection of humor and serious investment potential, capturing the imaginations of traders and investors alike.

The sustainability of the value of Dogecoin (DOGE) gains remains a topic of debate among investors, with some concerned about its long-term viability in a rapidly evolving cryptocurrency landscape. To maintain its newfound status and continue attracting investment, Dogecoin (DOGE) may need to innovate further.

As the Koala Coin (KLC) presale progresses, the air is thick with anticipation and a sense of FOMO. Ethereum (ETH) and Dogecoin (DOGE) investors, known for their keen sense of market shifts, are rallying to Koala Coin (KLC), recognizing its unparalleled potential for growth.

Dive into the heartwarming, wealth-building journey with Koala Coin (KLC) and witness your investments soar to eucalyptus heights.

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The Koala Coin (KLC) Presale Draws a Crowd Attracting Ethereum (ETH) and Dogecoin (DOGE) Investors Amid ... - Analytics Insight

Cryptocurrency users looking for the latest alpha in SportFi and zero-knowledge rollups can keep close tabs on data and insights from blockchain Chiliz and Ethereum layer 2 zkSync through new integrations on Nansen.

The blockchain analytics platform announced the integration of the two different protocols on March 28, unlocking on-chain data analytics and insights for its users.

Nansen data journalist Martin Lee told Cointelegraph that the integration provides a high-level overview of both ecosystems, allowing cryptocurrency teams to run their own queries and get insights from the raw data itself via Nansen query:

The functionality will unlock data insights into Chiliz, the proprietary blockchain powering scores of fan tokens licensed by high-profile sports teams and organizations worldwide that operate on the Socios platform.

Related: Man and machine: Nansens analytics slowly labeling worldwide wallets

Chiliz and Socios CEO Alexandre Dreyfus says the collaboration will deepen the understanding of the Chiliz ecosystem and potentially drive user adoption and growth of the SportFi ecosystem:

According to data from CoinMarketCap, the Chiliz blockchain has a total market capitalization of $1.2 billion. The ecosystem has attracted many of the biggest football clubs, including Manchester City and Paris Saint Germain (PSG).

Cointelegraph reviewed Chilizs blockchain through Nansen 2, the latest version of the analytics platform, which reflects an average of 2,100 daily active addresses. Manchester City, Binance, Turkish club Trabzonspor, Galatasaray and PSG are listed as the top five entities on-chain over the past week.

Related:Animoca eyes SportFi ecosystem, becomes Chiliz Chain validator

Ethereum scaling protocol zkSync is one of the major zero-knowledge proof rollups in the ecosystem, processing over a million transactions daily for over 350,000 addresses, according to data from Nansens dashboard.

Matter Labs head of business development, Omar Azhar, believes the integration with Nansen will prove valuable to the zkSync ecosystem and wider Web3 space by making processing on-chain data that is actionable and digestible.

The great benefit of permissionless blockchains such as zkSync is that all the data is public and contains valuable insights for builders, investors and end-users alike, Azhar said.

Related: Paris Saint-Germain begins Web3 drive as a new blockchain validator for Chiliz Chain

Nansen has garnered a reputation for its wallet-labeling and blockchain analytics. In October 2022, Cointelegraph interviewed its CEO Alex Svanevik at the firms Singapore headquarters, where the founder recounted Nansens genesis story and estimated that the platform scans nearly a petabyte of data daily from the variety of blockchains it monitors.

Magazine:SEAL 911 team of white hats formed to fight crypto hacks in real time

Link:

Nansen integrates blockchain data from SportFi chain Chiliz and Ethereum rollup zkSync - Cointelegraph