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ETHBTC strength likely starts the second we get some real headway on ETFs and not a second before.Now, let's break down what's happening with Ethereum compared to Bitcoin. Looking at the chart, we see Ethereum is not doing as well as Bitcoin right now. The most recent breakdown from $4,000 practically nulified almost half of what Ether has gained in the last few months.
Keeping track of Ethereum’s position in relation to these moving averages can be a strategic move. A sustained rise above could indicate a bullish trend reversal and the return of momentum to the market. However, there is not much inflow yet. Ethereum has not shown its full potential in the first part of this bullish cycle. However, the correction we are seeing right now might become a great entry point for those who have not yet gained exposure to the second-biggest asset on the market.Arman strongly believes that cryptocurrencies and the blockchain will be of constant use in the future. Currently, he focuses on news, articles with deep analysis of crypto projects and technical analysis of cryptocurrency trading pairs.
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Ethereum's London Hard Fork Goes Live, Bringing Fee Reductions and Scalability ImprovementsThe Ethereum network's highly anticipated London hard fork is now live, triggering excitement in the Ethereum and larger crypto communities. A key impact of this major upgrade will be to reduce fees on the network, helping to ease congestion and improve scalability. London brings on several changes, the most notable of which is the implementation of ephemeral data blobs with EIP-4844, known as 'protodanksharding,' which will help cut L2 transaction fees and thus usher in a new era of Ethereum scalability. As the Ethereum community celebrated the much-anticipated London upgrade, a major ETH transfer caught the market's attention.
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Ethereum Dencun Upgrade causes a flurry of L2 restoration related queriesEthereum Dencun Upgrade went live on Wednesday, a landmark event expected to have a significant impact on transaction costs for the network’s layer 2 (L2) projects.
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Bitcoin (BTC) and Ethereum (ETH) Rally FurtherBitcoin and Ethereum continue to post new highs, despite the occasional sharp sell-off. The outlook remains positive as the Bitcoin halving event gets ever closer.
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Spot Bitcoin ETFs See Record $1B in Net Inflows; Ethereum's 'Dencun' Upgrade Goes Live'CoinDesk Daily' host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, including bitcoin's (BTC) recent price movements as the spot BTC ETF products scored over $1 billion in net inflows on Tuesday. Plus, the Ethereum network went live successfully with its much-anticipated 'Dencun' upgrade, and why a U.S.
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