NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Ethereum Miners Accumulate Over 15,000 ETH; Will Price Follow?

Ali Martinez
Ali Martinez
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Speculation has been mounting around the upcoming protocol upgrade that Ethereum will go through. However, the price of the smart contracts giant seems to have leveled off as it continues consolidation within a $25 trading range for over the past few weeks.

The ongoing stagnation phase is forcing the Bollinger bands to squeeze on ETH’s 1-day chart. Squeezes are indicative or periods of low volatility and are usually succeeded by wild price moments.

Since this technical index does not present a clear path for Ether’s direction, only a daily candlestick to close below or above this critical zone will help determine what the future holds.

Ethereum US dollar price chart

Ethereum ETHUSD daily chart. Source: TradingView.com

Despite the ambiguous outlook that Ethereum currently presents, data reveals that miners recently began accumulating massively, which may lead to a bullish impulse.

Ethereum Miners Fill Up Their Bags

Santiment, a behavior analytics platform, reveals that miners appear to be back in accumulation mode. Those in charge of validating transactions on the Ethereum network have collectively increased their balance by 15,000 ETH in the past two weeks alone.

“After a mild bag dump around the time ETH began to consolidate, miners have resumed accumulating for the time being,” said Santiment.

Ethereum Miners Balance

Based on historical data, each time the mining pools behind Etherreum increase their collective balance, the price of the second-largest cryptocurrency by market cap surges. Now, a similar price action could be about to the place.

The Network Expands

The growth in user adoption that Ether has experienced over time adds credence to the optimistic outlook. Indeed, network growth represents one of the most important gauges to understand the health and well being of any given crypto project.

This metric can show the number of new addresses being created on a daily basis, which is is “one of the most accurate price foreshadowers,” according to Brian Quinlivan, Market and Social Media Director at Santiment.

“Generally, [we can] see that a rising network growth leads to a rising price of any project over time, in most cases. On the flip side, declining network growth for a long enough stretch can usually indicate a future slumping price with the lack of newly created addresses constantly in-flowing the coin or token,” said Quinlivan.

Under this premise, the recent spike in network growth that Ether experience on June 14 may suggest that its price will likely continue trending up in the upcoming days.

Ethereum Network Growth

But first, Ethereum would have to break above a massive supply barrier that lies ahead of it. Moving past the $225-$240 resistance level will increase the odds for a further advance towards $280 since there isn’t any major hurdle between these price points.

Time will tell whether the support or resistance levels previously mentioned will break first to provide a clear idea of where Ethereum is headed next.

Featured Image from Shutterstock
Tweet123Share205ShareSend
Ali Martinez
Ali Martinez

Ali Martinez

Ali began forex trading in 2012. In 2014, he came across Bitcoin’s whitepaper and was so fascinated by the idea of a decentralized, borderless, and censorship-resistant currency that he started buying Bitcoin. By 2015, he started traveling to spread the word about Bitcoin. Now, he is a content producer for some of the leading media outlets in the cryptocurrency industry.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

crypto news

‘Real’ Crypto Bull Run Just Beginning, Says Analyst—Here’s Why

In a livestream broadcast on X, independent market technician Kevin, known online as @Kev_Capital_TA, argued that crypto markets are only...

Jake Simmons 2 hours ago

From Inflationary Noise to Deflationary Wave: FUNToken’s Turnaround Story

The crypto landscape is littered with tokens that promised deflation but delivered inflationary dilution. Yet FUNToken has quietly rewritten that...

News BTC 3 hours ago
ada, cardano koers, waarom stijgt cardano

ADA koers pumpt harder dan Bitcoin en Ethereum – waarom stijgt Cardano?

De Cardano koers lijkt recentelijk begonnen te zijn aan een opmars. De nummer 10 van de cryptomarkt was wist over...

Lars Diederiksen 3 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

TOKEN6900 iepriekšpārdošana piedzīvo strauju pieprasījuma pieaugumu, analītiķis to nosauc par labāko mēmu monētu, ko iegādāties

lasma 26 minutes ago
Ethereum Back At Range Highs: Breakout Above $2,800 Could Ignite Altseason

Ethereum Back At Range Highs: Breakout Above $2,800 Could Ignite Altseason

Sebastian Villafuerte 40 minutes ago

Bitcoin è Pronto a Esplodere? Un Analista Avverte: Liquidità in Esaurimento Mentre le Whale Prendono il Controllo

clararosati 1 hour ago

Premium Sponsors

Press Releases

  • [Profitable combination] ETHRANSACTION launches...

    21 minutes ago
  • Bitget Annual Trading Competition KCGI Launches With $6...

    3 hours ago
  • Urmăriți în această săptămână memecoin-urile SOLAXY, BONK și POPCAT.

    Meme Của Elon Musk Đẩy $PNUT Tăng Vọt – Tác...

    3 hours ago
  • Shiba Inu & Dogecoin koers onder druk – nemen nieuwe meme coins het stokje over?

    Các Đồng Coin Tiềm Năng Nên Mua Khi Trump Media Ra...

    4 hours ago
  • Dự Đoán Giá Dogecoin, Pepe, SPX6900 Cuối Năm 2025...

    4 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.