Ethereum News: Potential Price Breakout Eyed Despite Current Dip, Ecosystem Shows Robust Growth

Will Ethereum Q4 2024 Performance Lead To Price Breakout?

The price of Ethereum (ETH) has fallen below $2,000, causing concern. Despite this, Messari’s Q4 2024 report shows Ethereum’s ecosystem growth. Notably, Total Value Locked (TVL) on Ethereum surged 121.6% Year over Year (YoY) to $66.3 billion and increased 36% compared to Q3 2024, raising discussions about an imminent ETH price breakout.

Ethereum (ETH) Poised for 15% Rally, Eyes on $2,200

Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, has been gaining significant attention. A whale has recently liquidated 160,234 ETH worth $306.85 million. The buying level for this substantial ETH holding was around $1,900, with a liquidation level of $1,805. As the price fell below the liquidation level, the whale’s position was liquidated.

Hyperliquid Loses $4M After Whale’s Over $200M Ether Trade Unwinds

A whale’s liquidation of an over $200 million long trade on ether (ETH) led to a $4 million loss for Hyperliquid. The wallet ‘0xf3f4’ opened a highly Leveraged 50x long ETH position, depositing $4.3 million USDC as margin for a total size of 113,000 ETH. The wallet then started withdrawing funds, reducing the margin below maintenance requirements, resulting in a $1.8 million profit for the user but a $4 million loss for Hyperliquid’s Hyperliquid Provider (HLP) vault. Vaults are a blockchain-based product on Hyperliquid where users can deposit USDC to potentially earn a share of profits generated by trading strategies. This incident created speculation among Hyperliquid users of a possible exploit of the platform.

Banking Giants Are Secretly Backing This Token—Will It Flip Ethereum?

Rumors are swirling about a new digital token quietly gaining support from major financial institutions. This secretive backing by big banks has sparked speculation that the token could challenge Ethereum’s position in the cryptocurrency market. The details are shrouded in mystery, but the potential shake-up has observers buzzing with anticipation.