Ethereum continues to push higher after breaking $4,000, with traders eyeing $5,000 as Bitcoin struggles at $120,000, and key support zones at $4,000 and $3,400.
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Bitcoin remains the most influential cryptocurrency, but over 7,000 cryptocurrencies and other digital assets exist.
Ethereum is leading what is known as Altcoins, and it is the second-largest cryptocurrency by market capitalization. Bitcoin and Ethereum both suffer from excessive network fees and scaling problems, and the third generation of cryptocurrencies is where the most significant potential emerges. They incorporate fixes to existing issues and continue to gain market share in one of the most competitive sectors. Adoption gathers pace, but global regulators pose a threat and challenge to all assets in this class. Binance Coin, owned by cryptocurrency exchange Binance, stablecoin Tether, Cardano, Polkadot, XRP, Uniswap, and Litecoin are some of the more prominent cryptocurrencies to monitor. There are dozens of other exciting projects, from privacy coin Monero to rising star Dogecoin, Tron, Cosmos, Neo, BAT, and QTUM. Rather than trying to be everything to everyone, like Bitcoin and Ethereum, third-generation cryptocurrencies address specific challenges and offer a real-world application today. The growth of decentralized apps or dApps and non-fungible tokens (NFPs) add another layer of in-demand solutions to existing issues, making crypto excluding Bitcoin an attractive but volatile sector with tremendous potential for investors and traders alike
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Bitcoin and Ethereum surged on renewed institutional demand, Fed rate cut optimism, and strong ETF inflows, with BTC nearing record highs and ETH eyeing a breakout.
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Ethereum rallied strongly on Thursday, eyeing a breakout above $4,000 as market sentiment improves and the 50-day EMA provides dynamic support.
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Solana is attempting a breakout above $175 after rebounding from key support, supported by bullish technical signals and rising network activity.
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Toncoin (TON) is trading around $3.50 today, rebounding sharply after consolidating between $3.10 and $3.35 for much of the past two weeks. The movement has TON testing a critical resistance band, with bulls attempting to regain control.
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Ethereum remains stuck in a tight range between $3,500 and $3,800, awaiting a breakout likely dependent on Bitcoin's move above $120,000 amid low summer liquidity.
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Solana (SOL) emerges as a top contender for significant price appreciation, as the cryptocurrency market buzzes with excitement, with analysts starting to see $260 as a realistic target.
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BNB is trading around $767, maintaining its position above key support after briefly touching a new all-time high near $804 earlier this week.
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Ethereum shows signs of short-term weakness after forming a bearish pattern, with $3000 acting as critical support as traders eye Bitcoin’s next move.
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Ether (ETH) price rallied toward $4,000 at the week-open on Monday, a level not seen since December 2024, fuelled by hopes of increasing crypto regulatory clarity and persistent spot Ethereum exchange-traded fund (ETF) inflows.
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Memecoins like Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE) were among the best-performing cryptocurrencies on July 7, as bullish momentum builds across the memecoin sector. The memecoin market capitalization has rebounded to three-week highs, with DOGE and SHIB displaying technical strength, suggesting a continuation of the recovery.
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Litecoin (LTC) is trading at approximately $91.64, reflecting a sharp 4.94% increase over the past 24 hours. The cryptocurrency has shown renewed momentum, with intraday highs reaching $91.97 and lows dipping to $83.99.
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Ethereum remains rangebound above $2,400 support as traders await Bitcoin’s direction, with upside potential to $2,800 or downside risk to $2,200.
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Ethereum’s recent doubling in value has raised hopes among some crypto analysts that the price will rally later this year to reach $10,000 by year end.
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The memecoin continues to trade in a tight range between $0.00001151 and $0.00001177, suggesting low volatility and indecision among traders as the broader market seeks direction.
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