Ethereum Price Prediction: ETH Climbs 2% As The Grayscale ETHE ETF Bleeds $1.1 Billion And This PEPE 2.0 ICO Races Towards $6 Million

The
Ethereum
price
climbed
2%
in
the
last
24
hours


to
trade
at
$3,249

as
of
00:54
a.m.
EST
on
trading
volume
that
rose
5%
to
$21.7
billion.

The
ETH
price
pump
came
after
Ethereum
ETFs
recorded
outflows
of
$151
million
on
their
third
day
of
trading
on
July
25
and
as
the
Grayscale
ETHE
ETF
racked
up
outflows
of
more
than
$1.1
billion
in
three
days.

Another
key
development
in
the
ETH
ecosystem
came
when
a

wallet
associated
with
the
Ethereum
Foundation
transferred
roughly
$290
million
in
Ether
after
seven
years
of
no
movement,
according
to
blockchain
analytics
platform
Lookonchain.

An

#EthereumFoundation-related
wallet
transferred
92,500

$ETH($294.9M)
to
a
new
wallet
9
hours
ago
after
being
dormant
for
6.6
years.

Through
on-chain
tracking,
it
was
found
that
these

$ETH
were
received
from
the

#EthereumFoundation
on
Sept
1,
2015.https://t.co/FKGsNCrBAT

pic.twitter.com/vPOAMq4ccK

—
Lookonchain
(@lookonchain)

July
26,
2024

The
Ethereum
prices
has
meanwhile
invalidated
the
rounding
top
pattern
to
rebound
from
the
$3,111
support
level,
according
to
data
from


GeckoTerminal.

Ethereum
Price
Set
To
Continue
With
The
Bullish
Trend
Reversal

In
the
last
five
days,
the
Ethereum
price
has
been
on
a
downtrend,
which
completed
the
rounding
top
pattern,
as
it
found
support
at
$3,111.
The
bulls
have
since
used
this
support
to
push
the
token
up.

ETH
price
trades
below
both
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs),
coinciding
with
the
current
price
retrace.
The
200-day
SMA
acts
as
the
immediate
resistance
level
at
$3,300.

Moreover,
the
Relative
Strength
Index
(RSI)
seems
to
be
rebounding
from
below
the
30-oversold
level
as
it
climbs
up.
This
shows
that
buyers
are
currently
exerting
pressure,
adding
more
to
their
positions.

If
the
buying
pressure
sustains,
the
Ethereum
price
will
soar
to
breach
the
$3,300
resistance
(200-day
SMA)
in
a
few
hours.
In
the
long-term,
the
bulls
are
targeting
$3,700.

The
RSI
and
the
golden
cross
at
$3,319
offer
bullish
prospects
to
optimistic
investors.

However,
if
the
bears
still
make
use
of
the
rounding
top
pattern,
the
price
of
Ethereum
could
retrace
to
the
next
support
level
at
$3,058.

Meanwhile,
as
the
Ethereum
price
climbs,
many
meme
coin
lovers
are
pivoting
to
the
new
Ethereum
Layer
2
token


Pepe
Unchained
(PEPU),
which
has
seen
funds
raised
roar
past

$5.5
million
in
its
explosive
presale.

99Bitcoins,
a
prominent
crypto
channel
on
YouTube
with
over
705,000
subscribers,
is
so
impressed
by
the
project
that
it
says
PEPU
could
soar
10X
after
its
launch.

Pepe
Unchained
Presale
Surges
Past
$5.5
Million
–
Best
Meme
Coin
To
Buy
Now?

PEPU
is
Pepe’s
latest
and
most
badass
version,
complete
with
its
own
Layer
2
chain
on
Ethereum.

Pepe
itself
has
maintained
positive
growth
since
launch
and
is
still
a
top-three
meme
coin
titan
by
market
capitalization.

But
it
has
many
shortcomings.
The
token
was
originally
built
on
the
Ethereum
blockchain
and
has
long
been
confined
by
its
Layer-1
technology,
which
is
highly
characterized
by
network
delays
and
rising
gas
fees.

Pepe
Unchained
is
a
token
that
is
based
on
PEPE
devising
a
plan
to
break
free
from
his
clunky
blockchain
and
embrace
the
future
with
Pepe
Unchained. 

The
project
is
set
to
tackle
the
scalability,
speed,
and
efficiency
issues
that
often
plague
meme
coins
like
PEPE
that
are
built
on
Layer-1
blockchains
like
Ethereum.
As
a
result,
Pepe
Unchained
enables
investors
to
seize
market
opportunities
with
greater
efficiency.

PEPU
token
holders
can
earn
passively
through


the
platform’s
staking
system,
which
offers
352%
in
annual
rewards.

You
can
buy
$PEPU
tokens
now
for
$0.0086649
each.
With
a
price
hike
coming
in
about
a
day,
buy
soon
to
lock
in
the
best
deal.

To
join
the
presale,


buy
$PEPU
from
the
official
website
here

using
ETH,
USDT,
or
a
bank
card.

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