The post Robinhood Chain Fuels Ethereum Demand With Early Growth appeared on BitcoinEthereumNews.com.
TLDR: ETH latest news shows Robinhood Chain attracted over $70 million in bridged ETH within its first week, adding fresh demand signals for Ethereum. Robinhood Chain reached around 194,000 daily active users and more than $80 million in TVL as early liquidity moved into the new network. DEX volume briefly topped $560 million after CASHCAT trading accelerated, showing how memecoin activity pushed the RWA-focused chain into focus. Arbitrum also gains from the launch, as 10% of Robinhood Chain protocol net revenue flows back to the wider ecosystem under AEP. Robinhood Chain is turning into a fresh Ethereum growth story just one week after launch. In this latest ETH news update, the network has attracted over $70 million in bridged ETH. Token Terminal reported the figure after the chain’s debut week. The Arbitrum-based Ethereum Layer 2 uses ETH as its native gas token and supports tokeni
The post Ethereum price climbs toward $1,800 as short squeeze and risk-on rally gather pace appeared on BitcoinEthereumNews.com.
Ethereum price has rebounded to nearly $1,800 after easing geopolitical tensions and an aggressive short squeeze across crypto derivatives restored appetite for risk assets, while traders now watch whether bulls can force a breakout above a key technical ceiling. Summary Ethereum price has climbed back toward $1,800 as easing geopolitical tensions triggered a sharp short squeeze. Technical indicators favor bulls, with ETH reclaiming $1,750 and testing resistance near $1,800-$1,833. Analysts see scope for a move toward $1,900, though failure to hold $1,750 could revive bearish pressure. The second-largest cryptocurrency has recovered sharply from this week’s low near $1,505, when U.S. strikes on Iranian targets triggered a broad sell-off across digital assets. Sentiment reversed over the past 24 hours after fears of further escalation subsided, prompting inves
The post Ethereum approaches $1,800 as bulls test key resistance appeared on BitcoinEthereumNews.com.
Key takeaways Ethereum (ETH) is extending its recovery, trading near $1,800, a key technical resistance level. Despite improving momentum, ETH remains below its 50-day, 100-day, and 200-day EMAs, keeping the broader trend cautious. Technical indicators, including the RSI and MACD, suggest bullish momentum is strengthening. Ethereum price nears $1,800 as recovery momentum builds Ethereum (ETH) continued its recovery on Friday, climbing to around $1,790 as buyers pushed the cryptocurrency closer to the important $1,800 resistance level. Although recent gains have improved short-term sentiment, Ethereum remains below several major moving averages, indicating that the broader trend has yet to shift decisively in favor of the bulls. Ethereum’s recovery is approaching a significant technical hurdle at the 50-day Exponential Moving Average (EMA) near $1,800. The asset continues to trade below
Ethereum price has rebounded to nearly $1,800 after easing geopolitical tensions and an aggressive short squeeze across crypto derivatives restored appetite for risk assets, while traders now watch whether bulls can force a breakout above a key technical ceiling. The…
The post This Trader Sold His CASHCAT for $711 Instead of Retiring: Here’s the Math appeared on BitcoinEthereumNews.com.
Key Takeaways Lookonchain says a trader sold 20M CASHCAT for $711, missing $2.7 million after the token’s July surge. CASHCAT hit an all-time high of $0.147 on July 8 as Robinhood Chain DEX volume topped $563 million. CASHCAT’s roughly $105 million market cap sits on about $6.6 million of liquidity, an exit-risk red flag. Meme Frenzy Continues The wallet spent 0.04 ETH, about $69, to buy 20 million CASHCAT, then sold the position for 0.415 ETH, roughly $711 (a solid 10x return). Lookonchain flagged the wallet, noting the tokens would now be worth over $2.7 million. Image source: X Cash Cat has been the breakout token of Robinhood Chain, the Ethereum layer 2 network the brokerage launched on July 1 using Arbitrum’s technology. The meme coin (which describes itself as “fan fiction with a ticker”) is built by outsiders around the cat-with-cash logo Robinhood used in its
The post Bitcoin (BTC) price challenges Monday’s rejection level as ether (ETH) looks to break its streak of lower highs appeared on BitcoinEthereumNews.com.
The crypto market took another leg higher on Friday with bitcoin BTC$64,388.92 trading at $64,400, up by 2% since midnight UTC. The largest cryptocurrency is currently at the price it failed to penetrate on Monday. If it can break past this level, it will likely advance toward the June 15 high of $67,250. Ether (ETH) outperformed bitcoin, rising 2.6% to $1,790 as it looks to snap a trend of sequential lower highs and lower lows. There were also notable gains across the altcoin sector ahead of the weekend, typically a period of lower liquidity. Zcash (ZEC) and aave AAVE$96.92 both rose by around 5% as optimism is slowly crept back into more speculative bets after months of waning sentiment. Crypto diverged from U.S. equities, with S&P 500 index futures and Nasdaq 100 futures falling 0.1% and 0.4%, respectively. Derivatives position
The post Bitcoin tops $64K as improving risk sentiment boosts crypto market recovery appeared on BitcoinEthereumNews.com.
Key takeaways Bitcoin (BTC), Ethereum (ETH), and XRP extended their recovery as geopolitical concerns eased. Market sentiment improved after US President Donald Trump said Iran had reached out to discuss a potential agreement. Bitcoin has surpassed the key $64,000 resistance level, with a breakout potentially strengthening the short-term outlook. Bitcoin (BTC) extended its recovery on Friday, climbing above the $64,000 level as improving investor sentiment supported a broader rebound across the cryptocurrency market. The recovery comes after geopolitical concerns eased following comments from US President Donald Trump, who said Iran had contacted the United States to discuss a potential agreement. The remarks fueled hopes of reduced tensions in the Middle East, encouraging investors to return to risk assets. The positive sentiment also helped Ethereum (ETH) edge cl
The post Ethereum’s Battle Through Critical Support Levels Holds Market’s Attention appeared on BitcoinEthereumNews.com.
Ethereum has maintained its position above a pivotal short-term support zone, as enthusiasts eagerly await a move toward potential highs around $1,840. With the crypto’s price staying securely above recent cycle lows, optimism grows for Ethereum’s capacity to set a robust foundation for long-term gains. Continue Reading:Ethereum’s Battle Through Critical Support Levels Holds Market’s Attention Source: https://en.bitcoinhaber.net/ethereums-battle-through-critical-support-levels-holds-markets-attention
Key takeaways Ethereum (ETH) is extending its recovery, trading near $1,800, a key technical resistance level. Despite improving momentum, ETH remains below its 50-day, 100-day, and 200-day EMAs, keeping the broader trend cautious. Technical indicators, including the RSI and MACD, suggest bullish momentum is strengthening. Ethereum price nears $1,800 as recovery momentum builds Ethereum (ETH) […]
The post Ethereum approaches $1,800 as bulls test key resistance appeared first on CoinJournal.
