Hyperliquid's rise in open interest highlights its growing influence and potential systemic risks, challenging established crypto platforms.
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A crypto analyst has shared a new report from Etherealize, a leading crypto research firm, which projects how high the Ethereum price could reach if its market capitalization were to match that of gold. The expert believes that, beyond price action, the Ethereum network could also evolve into a global settlement layer, further solidifying its position in the crypto space. Taken together, these developments paint a strong bullish outlook for the cryptocurrency, even amid the recent volatility and price declines that have weighed on the market. Digital Oil, a pseudonymous analyst and investor, is making a bold long-term case, arguing that the Ethereum network and its native asset, ETH, are positioned to capture two of the world’s largest markets. As the second-largest cryptocurrency by market cap and the backbone of decentralized finance, the analyst said that Ethereum holds an infinite range of possibilities. The Ethereum Price Target At Gold’s Market Cap He referenced an analysis rep
Ethereum enters a key accumulation zone near $2,129 as ETH/BTC nears support, yields peak, and sentiment weakens. Ethereum has entered a key accumulation zone after a deep correction, as weak sentiment, rising yields, and technical pressure shape the market outlook. The Ethereum price is trading near lower range support, while traders watch bond markets, regulation, […]
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Ethereum’s recent pullback has added pressure to the market, but the broader technical structure continues to show signs of resilience. Despite the decline, ETH remains above several critical support zones, keeping hopes alive that the long-term bullish trend may still be intact if buyers can maintain control at these key levels. Ethereum Holds Above Critical 2022 Ascending Trendline According to The Boss, Ethereum’s broader market structure may still be holding firm despite the recent wave of selling pressure across the crypto market. Although ETH has experienced a steady decline over the past week, price action continues to remain above a major ascending trend region that has supported the asset since 2022. Related Reading: Ethereum Price Tumbles Hard, Bears Tighten Grip On Market Momentum The analyst noted that holding above this long-term trend zone suggests the bullish market structure has not been fully invalidated. Buyers are defending a critical support area, preventing Ethereu
