Ethereum

Uniswap

DeFi

Beacon

<p>Ethereum’s price continues to attract attention. Over the past 24 hours, ETH saw a 1.4% rise, moving from a key support level of $2,300 and priced at $2,411. This leaves many wondering: will Ethereum maintain this upward trend?</p> 
<h2 class="wp-block-heading" id="current-ethereum-price-movements">Current Ethereum Price Movements</h2> 
<p>Ethereum (ETH) is showing signs of recovery, moving within a triangular pattern. Recently, the ETH price rebounded from $2,332, an important level connected to the Fibonacci extension. If ETH continues to hold above this, it could reach $2,598, which aligns with the 0.618 daily Fibonacci Extension. The volume has surged by 67%, indicating growing interest in the market.</p> 
<p>On the downside, if Ethereum fails to hold $2,300, it could drop to $2,100, a 12% decrease from the current price.</p> 
<h2 class="wp-block-heading" id="institutional-activity-how-whales-and-etfs-affect-ethereum-price">Institutional Activity: How Whales and ETFs Affect Ethereum Price</h2> 
<p>The Ethereum price faces challenges due to low institutional demand. US spot ETH ETFs reported an outflow of $560 million, mostly led by Grayscale’s ETHE. This reflects cautious behavior from big holders.</p> 
<p>In addition, large whale wallets, including ones linked to the Chinese government, have begun selling $1.3 billion worth of ETH. This, along with other <a href="https://www.cryptotimes.io/category/ethereum-news/" target="_blank" rel="noreferrer noopener">ETH news</a>, could increase selling pressure and affect the ETH USD price.</p> 
<h2 class="wp-block-heading" id="ethereum-s-network-growth-and-long-term-outlook">Ethereum’s Network Growth and Long-Term Outlook</h2> 
<p>Despite some concerns, Ethereum’s fundamentals remain strong. The network has seen major upgrades, including Ethereum staking via the Beacon chain, with over 34.7 million ETH staked. This represents nearly 28.8% of the total ETH supply, strengthening Ethereum as a leading Layer 1 blockchain. Similarly positive developments have recently improved the outlook for one more major altcoin, Ripple (XRP).</p> 
<p>In the DeFi space, Ethereum holds $44 billion in TVL and boasts a $84 billion stablecoin market cap. Key projects like Uniswap and OpenSea add to Ethereum’s dominance and show continued growth.</p> 
<h2 class="wp-block-heading" id="beyond-eth-why-minotaurus-mtaur-is-catching-eth-holders-attention">Beyond ETH: Why Minotaurus ($MTAUR) Is Catching ETH Holders’ Attention</h2> 
<p>As Ethereum enjoys a recent rebound, many crypto enthusiasts are betting big on it. While ETH shows promise, diversifying your holdings can be a smart move. A buzz on social media highlights <a href="https://minotaurus.io/?utm_source=www.cryptotimes.io&amp;utm_medium=B_BUD&amp;utm_campaign=1e04j9mdqjkte2aewjog" target="_blank" rel="noreferrer noopener nofollow">Minotaurus ($MTAUR)</a> as a favorite among ETH holders, making it an exciting alternative to consider.&nbsp;</p> 
<p>Already hitting the $100K mark in its presale, it still offers an affordable entry for potential buyers. That is, you can get tokens at $0.00005964 — a 70% reduction from the listing price. Minotaurus ($MTAUR) stands out from other ICOs with real in-game utility. Industry experts and thought leaders believe that Minotaurus is more than just hype — it’s built for the long haul.&nbsp;&nbsp;</p> 
<figure class="wp-block-image size-large">
 <img loading="lazy" decoding="async" width="1024" height="576" src="https://www.cryptotimes.io/wp-content/uploads/2024/09/MTAUR-Presale-Stages-1024x576.jpg" alt="MTAUR Presale Stages" class="wp-image-203411">
</figure> 
<p>On top of that, Minotaurus recently announced a <a href="https://minotaurus.io/giveaway" target="_blank" rel="noreferrer noopener nofollow">$100,000 giveaway</a> for presale buyers. With 100 winners and a top prize of $50,000, the odds are looking good! Referral and vesting programs for holders also show that Minotaurus puts the community first.&nbsp;</p> 
<p>So, why wait? The early bird advantage looks obvious, so it’s best to explore Minotaurus ($MTAUR) now, while presale still lasts!</p> 
<h2 class="wp-block-heading" id="conclusion">Conclusion</h2> 
<p>The Ethereum market shows resilience despite significant institutional outflows and whale activity. While the support level at $2,300 remains crucial, the price’s ability to rebound signals a strong underlying demand. If Ethereum maintains its current course and breaks past $2,598, it could continue its upward momentum. However, holders should keep an eye on external factors.</p> 
<p>If you’re looking to ride the Ethereum wave with confidence, adding Minotaurus ($MTAUR) to your asset lineup could be a smart move. This token is packed with potential, offering low entry costs and a thrilling chance for some serious upside. But hurry — the presale token pool is getting smaller by the minute.</p>

Ethereum Rebounds from $2,300 Support After $561M Outflow

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The Crypto Times

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