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: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • 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: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Ethereum’s Chances of Ending the Year at $480 Surges to 7%

Ali Martinez
Ali Martinez
1 year ago
3 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.

Ethereum will soon transition from a proof-of-work (PoW) algorithm to proof-of-stake (PoS). The major protocol upgrade that is scheduled for Q3 2020 will transform the crypto-economic incentives around validating transactions. In fact, those holding ETH will be rewarded for their contribution to maintain the network secure.

This could be the reason why Ethereum whales have been enjoying the lackluster price action to grow their positions. Data from Santiment reveals that miners have collectively increased their balance by 15,000 ETH throughout the past couple of weeks.

Meanwhile, the number of addresses with 100,000 to 1,000,000 ETH surged by nearly 5% since the beginning of the month. Now, there are 160 addresses holding between $23 million and $230 million worth of Ethereum, which is the highest number ever recorded.

Ethereum Whales Increase Their Holdings. (Source: Santiment)

As speculation mounts around ETH 2.0, decentralized finance (DeFi) applications running on top of this protocol have stolen the spotlight of the cryptocurrency market. The substantial growth of these projects could have serious implications on the price of Ether.

Ethereum Could Double in Price

Indeed, crypto derivatives analytics provider Skew affirmed that the smart contracts giant could double in price. Under the current market conditions, especially with everything that is going on behind Ethereum, there is a 7% probability that its price will be worth $480 by the end of the year.

The firm maintains that the stablecoins and DeFi tokens running on top of Ethereum appear to have a “more sustainable” product and market fit. Compared to the initial coin offerings (ICO) of 2017, these projects may be able to add more value in the long-term to the smart contracts giant, according to Skew.

Odds For Ethereum to Rise Increase. (Source: Skew)

Odds For Ethereum to Rise Increase. (Source: Skew)

Along the same lines, John Todaro, head of research at TradeBlock, said that Ethereum will eventually benefit from the DeFi platforms “hitting escape velocity.”

“There’s a lot of excitement around new DeFi tokens. Reminder that most of that collateral locked up across those platforms is in Ethereum. As that outstanding Ether supply comes down and demand from DeFi platforms hits escape velocity, ETH will rally hard,” said Todaro.

Strong Resistance Ahead

Despite the high levels of speculation around Ethereum, IntoTheBlock’s “In/Out of the Money Around Price” (IOMAP) model reveals that there is a massive supply wall ahead.

Based on this on-chain metric, approximately 1.14 million addresses bought nearly 7 million ETH between $235 and $242. These price levels represent a significant barrier for the bulls to overcome since they may have the ability to absorb any upside pressure.

In/Out of the Money Around Price by IntoTheBlock

Ethereum Faces Massive Resistance Ahead. (Source: IntoTheBlock)

If the buying pressure behind Ether is significant enough, however, its price may be able to break above this resistance hurdle. Moving past this supply wall could see Ethereum rise towards $280 since there isn’t any other significant barrier that will prevent such a move, according to the IOMAP cohorts.

Tweet123Share211ShareSend
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

Pi Network mysterieuze wallet verzamelt 315 miljoen tokens – goed nieuws voor de Pi Coin koers?

Pi Network mysterieuze wallet verzamelt 315 miljoen tokens – goed nieuws voor de Pi Coin koers?

Woensdag verscheen een transactie waarbij een enorm aantal Pi Coin tokens van de beurs OKX naar een wallet werd verplaatst....

Lars Diederiksen 7 hours ago
solana

Solana Near Last Major Resistance Amid 10% Surge – Analyst Says ‘Real Bull Run’ Is Close

Solana (SOL) has recorded a significant rally over the past week, reclaiming the $160 area and attempting to hold its...

Rubmar Garcia 7 hours ago
Ethereum

This Ethereum Metric Called The Bottom Ahead Of Rally, Says Analytics Firm

The on-chain analytics firm Glassnode has revealed an Ethereum indicator that reliably flagged the price bottom in advance of the...

Keshav Verma 10 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

ChatGPT預測以太坊6,000美元前技術關卡 更快達到100倍幣增長有那些山寨幣?

Mark Mak 4 hours ago
파키스탄·엘살바도르, '비트코인 협력' 논의…지금 주목할 만한 사전판매는?

파키스탄·엘살바도르, ‘비트코인 협력’ 논의…지금 주목할 만한 사전판매는?

Soyeon Lee 4 hours ago
XRP

Analyst Says You Should Be Preparing To Exit XRP — Here’s Why

Scott Matherson 6 hours ago

Premium Sponsors

Press Releases

  • 今買うべき注目の仮想通貨プレセール3選:革新的レイヤー2と次世代トレーディングプラットフォーム

    ...

    9 hours ago
  • ビットコインが118,000ドルを回復|今注目の新しい仮想通貨と次の10倍成長が期待されるBTC代替案

    ...

    9 hours ago
  • イーサリアムが3,500ドルに迫る中で注目すべきアルトコイン3選

    ...

    9 hours ago
  • 仮想通貨投資の新たな選択肢として注目を集める話題のミーム銘柄、市場の盛り上がりと共に関心拡大

    ...

    9 hours ago
  • 新高値更新で17%上昇のXRP、しかし今注目すべきico仮想通貨は別にあると専門家は指摘

    ...

    9 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.