Ethereum News: Prolonged Downtrend Continues Despite Sepolia Testnet Upgrade; DuragDoge ($DURAG) Shines in Bear Market

Recent developments in the world of Ethereum (ETH) have been challenging, with the cryptocurrency experiencing a prolonged downtrend. Despite attempts to revitalize its value through upgrades on the Sepolia testnet, ETH has continued to decline. However, amidst this bear market, one cryptocurrency has stood out - DuragDoge ($DURAG). Read on to find out more about these developments and why analysts are ranking $DURAG as the best cryptocurrency.

Ethereum Sepolia Testnet Faces Issues

Ethereum (ETH) is on a prolonged downward trend, causing significant losses for its holders. About 70% of ETH addresses are out of money. Despite the Pectra upgrade deployed on the Sepolia testnet to increase ETH’s worth, the token continues to plunge. However, DuragDoge ($DURAG) is performing well despite the bear market. Its features make it resilient and analysts rank it as the best cryptocurrency. The $DURAG token is among the best crypto pre-sales.

Coinbase Sells 12,652 ETH in Q4 – Despite Ethereum Price Jump By 7%

Coinbase, one of the biggest crypto exchanges, reportedly sold 12,652 Ethereum (ETH) in the fourth quarter of 2024, according to Standard Chartered’s Geoffrey Kendrick. This sale, worth about $25 million at today’s prices, has sparked discussions on whether Coinbase is strategically selling ETH for profit rather than holding it long-term. Kendrick analyzed Coinbase’s quarterly reports and found that the exchange holds ETH in different categories, including investment and operational funds. He noted that Coinbase tends to buy when ETH prices are low.

Ether Spot ETFs in U.S. Saw $358 Million Outflows

Spot ether (ETH) exchange-traded funds (ETFs) in the U.S. experienced an 11th consecutive day of net outflows, losing approximately $358.1 million in investor funds. The price of ether fell by nearly 7% during this period. BlackRock’s iShares Ethereum Trust ETF (ETHA) saw $12.9 million of outflows on Tuesday, contributing to a net loss of $137.6 million over the period. Fidelity’s FETH and Grayscale’s ETHE were also significant contributors to the total outflow. Despite these outflows, spot ether ETFs still hold around $7 billion worth of the cryptocurrency and have seen a cumulative net inflow of $2.45 billion since their inception in July. The price of ether fell from around $2,150 on March 8 to around $1,990 as of Thursday, and it has lost roughly 40% of its value year-to-date.

Ethereum Price Prediction: ETH Breakout To See 100% Rally Before April

Ethereum is on the brink of a major breakout, with analysts predicting a 100% rally before April. As ETH approaches key resistance levels, smart money is positioning itself not just in Ethereum but also in high-potential ERC-20 tokens like Remittix (RTX) and AAVE. The value of Ethereum (ETH) has climbed 7.36% as bulls push for a breakout.