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Macro factors will play a dominant role in sparking the next crypto bull market, which should start in Q2 2024, according to Raoul Pal. The next crypto bull market is likely to kick in in Q2 next year when the Bitcoin halving is set to take place, says macro investor and Real Vision CEO Raoul Pal. He is convinced that, despite the hype surrounding the halving, macro factors will play the leading role in sparking the next uptrend.  According to Pal, the Bitcoin halving cycle coincides with the macro cycle, which means every halving so far has taken place in a similar macroeconomic environment: monetary expansion and low interest rates. “Macro is actually the dominant factor and the halving is a false narrative, but it doesn't matter because it still works,” Pal said in an interview with Cointelegraph. Among the main catalysts favoring crypto next year are central banks cutting interest rates and potential fiscal stimulus that could precede the U.S. presidential election.  Regar...

However, CryptoQuant data indicates low selling pressure even after the Shanghai upgrade. Despite ETH staking withdrawals after the Shanghai upgrade, validators and stakers will continue to stake their ETH. advertisement Two reasons supporting low selling pressure — most participants are at a loss and the largest Ethereum staking pool’s depositors are also at a loss. According to Etherscan data, 17.44 million ETH worth about $28.70 billion have been deposited into Ethereum’s Beacon Deposit Contract, representing nearly 14% of the total supply. These staked ETH remains locked on the chain until the Shanghai mainnet upgrade in March. Ethereum Price On-Chain Data. Source: CryptoQuant Currently, 60% of ETH staked on the Beacon Chain are at a loss, representing 10.3 million ETH. Moreover, the largest Ethereum staking pool Lido accounts for over 30% of all staked ETH, with an average loss of nearly $1,000. Thus, the staked ETH on Lido is at an averag...

2022 was tough on crypto prices, but ETH, LDO, MATIC, DAI and ATOM all made a positive impact on the industry. Bitcoin (BTC), Ether (ETH) and the crypto market had a rough 2022 from a price perspective, but traders are hopeful that 2023 will include bullish developments that push crypto prices higher.  Despite the market-wide downturn, a handful of altcoin s continued to make a positive contribution to the crypto space and thanks to Ethereum, the term altcoin is no longer a derogatory term. Let’s explore the top altcoin s that made a difference in 2022. Ethereum fundamentals shone in 2022 Ether’s price hit a yearly high at $3,835 on Jan. 2 and has struggled to regain footing amidst the bear market and other macro factors. The Ethereum network is the top project in 2022 not because of Ether’s price action, but for its fundamentals and for completing the long-awaited mainnet upgrade. The Ethereum merge was completed on Sept. 15, 2022 and while many feared the merge to proof-of-stake (...

The Ethereum price prediction shows that ETH is still struggling to cross above the channel as the entire market takes a brief pause. Ethereum Prediction Statistics Data: Ethereum price now – $1543.77 Ethereum market cap – $188.9 billion Ethereum circulating supply – 122.3 million Ethereum total supply – 122.3 million Ethereum Coinmarketcap ranking – #2 ETH/USD Market Key Levels: Resistance levels: $2000, $2200, $2400 Support levels: $1300, $1100, $900 ETH/USD is currently changing hands at $1543 and it is likely to climb above the daily high of $1558 soon. Ethereum has remained relatively flat for the past few days as bulls and bears are contending for the $1500 support level . The daily high remains at $1558 with the lowest support level located at $1515 in the short term. Ethereum Price Prediction: Ethereum Price May Head to the Upside According to the daily chart, the Ethereum price keeps hovering within the 9-day and 21-day moving aver...

The Ethereum price prediction reveals that ETH is at the moment keeping its upward movement by heading toward the upper boundary of the channel. Ethereum Price Statistics Data: Ethereum price now – $1,393.90 Ethereum market cap – $173 billion Ethereum circulating supply – 122.3 million Ethereum total supply – 122.3 million Ethereum Coinmarketcap ranking – #2 ETH/USD Market Key Levels: Resistance levels: $1700, $1800, $1900 Support levels: $1200, $1100, $1000 ETH/USD is now heading toward the upside as the coin trades above the 9-day and 21-day moving averages. The daily chart reveals that the coin pushes above the moving averages today from the opening price of $1343 level to reach the daily high at $1402 before coming back to where it is currently trading at $1393. Ethereum Price Prediction: Ethereum (ETH) May Create a New Trend As revealed by the daily chart , the Ethereum price is moving towards the upside as the coin moves to cross above ...

Bitcoin, the leading cryptocurrency, is currently trading at $20,140.48, up 0.09%. Even though Bitcoin's price is still far above $20,000, cryptocurrency values fell sharply today.  However, Ether, the token associated with the Ethereum blockchain and the second-largest cryptocurrency, is trading at $1,358.95 and is up 1.00%. Dogecoin is up 6.80% to $0.06 today, while Shiba Inu is pumped nearly 2.20% to $0.000011.  It implies that a change in a pattern could signal a trend reversal, and October could be a bullish month for cryptocurrencies. Will October be a Bullish Month? Justin Bennett, a well-known cryptocurrency trader, has just released his Bitcoin (BTC) playbook for the month of October, along with a set of market analyses.  As long as $18,700 holds, this is my #Bitcoin playbook through October.  The analyst predicts that the flagship cryptocurrency will stay over $18,700 throughout the coming month. Based on past performance, October could ...