Ethereum

2024

Base

Coin

The Ethereum price dropped by a fraction of a percent in the last 24 hours <a href="https://www.geckoterminal.com/eth/pools/0x88e6a0c2ddd26feeb64f039a2c41296fcb3f5640" rel="noopener noreferrer nofollow">to trade at $3,442</a> as of 00:41 a.m. EST on trading volume that surged 25% to $24 billion.
ETH fell despite the launch of Ethereum ETF (exchange-traded fund) products in the US that posted a net inflow of $107 million on their first day of trading.
ETH ETFs launched by BlackRock and Bitwise led the pack with $266 million and $204 million in net inflows, respectively.
With the anticipation of Ether ETFs launching, the Ethereum price has surged 10% in the last two weeks, soaring through a markup phase to the $3,531 resistance, according to data from <a href="https://www.geckoterminal.com/eth/pools/0x88e6a0c2ddd26feeb64f039a2c41296fcb3f5640" rel="noopener noreferrer nofollow">GeckoTerminal</a>.
<h2 id="ethereum-price-may-surge-over-the-bullish-flag">Ethereum Price May Surge Over The Bullish Flag</h2>
<figure id="attachment_556446" aria-describedby="caption-attachment-556446" style="width: 100%" class="wp-caption alignnone"><img decoding="async" class="size-full wp-image-556446" src="https://insidebitcoins.com/wp-content/uploads/2024/07/WETH_2024-07-24_07-41-46.png" alt="Ethereum Price Chart Analysis Source: GeckoTerminal.com" width="1113" height="488" srcset="https://insidebitcoins.com/wp-content/uploads/2024/07/WETH_2024-07-24_07-41-46.png 1113w, https://insidebitcoins.com/wp-content/uploads/2024/07/WETH_2024-07-24_07-41-46-300x132.png 300w, https://insidebitcoins.com/wp-content/uploads/2024/07/WETH_2024-07-24_07-41-46-1024x449.png 1024w, https://insidebitcoins.com/wp-content/uploads/2024/07/WETH_2024-07-24_07-41-46-768x337.png 768w" sizes="(max-width: 1113px) 100vw, 1113px">
 <figcaption id="caption-attachment-556446" class="wp-caption-text">
 Ethereum Price Chart Analysis Source: GeckoTerminal.com
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</figure>
After hitting the resistance zone, the ETH price then went into consolidation, forming a bullish flag pattern. The bulls are aiming to capitalize on the flag to stage a breakout above.
ETH trades slightly below the 50-day Simple Moving Average (SMA), which now acts as the next resistance at $3,454. As the token still trades above the 200-day SMA, the ETH price is set to surge above the upper boundary of the flag.
Moreover, the Relative Strength Index (RSI) is falling towards the oversold level, currently at 46, which indicates sellers are exerting pressure.
If investors continue selling, the ETH price may retrace back to the $3,315 support level, coinciding with the 200-day SMA.
According to <a href="https://www.coingecko.com/research/publications/2024-q2-crypto-report" rel="noopener noreferrer nofollow">CoinGecko’s 2024 Q2 report</a>, the number of ETH burned was less than the ones emitted, making the Ethereum network inflationary as the burn rate fell. As an inflationary token, ETH allowed an increasing number of tokens in circulation, leading to a steady increase in coin supply.
Being inflationary, purchasing power may be declining, adding to the bearish sentiment in the short term.&nbsp;
However, the 50-day SMA trades above the 200-day SMA, creating a golden cross at $3,318, which further supports the bullish stance to the upside. If the bulls then capitalize on the bullish flag to propel the token, investors are currently targeting $3,628.
Meanwhile, as Ethereum aims for a rally, the new Base meme coin <a href="https://insidebitcoins.com/visit/basedawgz" rel="noopener noreferrer nofollow">Base Dawgz (DAWGZ)</a> has rocketed past $2.6 million in its presale.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 🪂 2.6 MILLION 🚀
 Well done big <a href="https://twitter.com/search?q=%24DAWGZ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DAWGZ</a>! <a href="https://t.co/DZQ3unZS8K" rel="noopener noreferrer nofollow">pic.twitter.com/DZQ3unZS8K</a>
 — Base Dawgz (@BaseDawgz) <a href="https://twitter.com/BaseDawgz/status/1814661685031874703?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 20, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
<h2 id="base-dawgz-presale-amasses-2-6-million-best-meme-coin-to-buy-now">Base Dawgz Presale Amasses $2.6 Million – Best Meme Coin To Buy Now?</h2>
While DAWGZ calls Base its home, it brings a unique multi-chain experience that offers seamless interoperability within different blockchains, spanning Ethereum, Solana, Binance Smart Chain, and AVAX.
As a means to ensure that holders can easily soar through the decentralized world without limits, Base Dawgz leverages the latest technology in Web3, including Wormhole and Portal Bridge. This allows holders to transact seamlessly across multiple blockchain ecosystems and have unparalleled multi-chain functionality.
The token offers multiple incentives, too. Holders can stake tokens for an annual percentage yield (APY) of 1,160%. The team has set aside 20% of the total token supply for staking.&nbsp;
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Staking <a href="https://twitter.com/search?q=%24DAWGZ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$DAWGZ</a> is the best way to make some extra cash while you wait for the presale to end 🤑
 If you're chasing nirvana or an active thrill-seeker, this is for you. <a href="https://t.co/ggM1ibSgZd" rel="noopener noreferrer nofollow">pic.twitter.com/ggM1ibSgZd</a>
 — Base Dawgz (@BaseDawgz) <a href="https://twitter.com/BaseDawgz/status/1815302031994675512?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 22, 2024</a>
</blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
The project is also launching the “Be Social for Airdrop” campaign to reward users with points that can later be redeemed for $DAWGZ. All you have to do is engage with social media networks on X.&nbsp;
According to Jacob Bury, an influential crypto analyst and YouTuber, $DAWGZ can potentially surge 100X after its launch.
<iframe title="Next 100X Potential BASE Meme Coin - $BaseDawgz Token Review (MASSIVE Potential?!)" width="640" height="360" src="https://www.youtube.com/embed/-wnN2p0d_Mc?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
If you are interested in participating in the presale, you can buy DAWGZ tokens for $0.006725 each. But don’t wait too long because the price will increase in less than six days.
<a href="https://insidebitcoins.com/visit/basedawgz" rel="noopener noreferrer nofollow">You can buy DAWGZ tokens on the official website here</a> using ETH, USDT, BUSD, or USDC.
<h2 id="related-news">Related News</h2>
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