CryptoMediaClub
Monday, June 2, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Blockchain

Julian Hosp Backs Ethereum Amid Market Volatility and Controversy

08.09.2023
A A
0
123
VIEWS
ShareShare

Julian Hosp, CEO of Cake Group, tweeted earlier today asserting Ethereum is a better investment than Bitcoin. “If you only wanna hold 1 coin, $ETH is it,” the tech mogul claimed. This endorsement comes when Ethereum garners much attention, albeit not all positive.

Whale Alert, Wu Blockchain, and PeckShieldAlert have been busy tweeting about large ETH transfers, indicating a possible sell-off. These moves are believed to be initiated by addresses linked to Ethereum co-founder Vitalik Buterin. Consequently, such transactions have added a layer of unpredictability to the altcoin’s market trajectory.

Moreover, CoinMarketCap shows that Ethereum faced a marginal loss of 0.08% over the past day, trading at $1,632.04. Alongside this, Ethereum recorded a 4.94% decline in its weekly performance. These statistics further underline the need for investor caution.

Looking at Ethereum’s technicals, the market hints at bearish conditions. Specifically, the 9-day EMA line has consistently lagged below the 20-day EMA line. The Relative Strength Index (RSI) stands at 36, nearing the oversold territory. However, a silver lining exists as the RSI line tilts upward, suggesting a possible trend reversal.

Besides the immediate market concerns, Ethereum also finds itself embroiled in controversy. An article shared by pro-XRP lawyer John Deaton recently spotlighted questions about China’s influence over Ethereum. The piece detailed the collaboration between Dr. Xiao Feng, executive director of China Wanxiang Holding, and Ethereum for promoting blockchain in China. Ethereum leadership has yet to respond to these allegations.

In summary, while Julian Hosp’s endorsement highlights Ethereum’s investment potential, the altcoin is wrestling with market volatility and public scrutiny. Therefore, investors may consider these multifaceted issues before entering the Ethereum market.

The post Julian Hosp Backs Ethereum Amid Market Volatility and Controversy appeared first on BitcoinWorld.

Share9Tweet6ShareSharePin2

Related Posts

Crypto Fund Success: Theta Capital Raises $175M for Blockchain Startups
Blockchain

Crypto Fund Success: Theta Capital Raises $175M for Blockchain Startups

31.05.2025
0

Skip to content

Read moreDetails
Crucial Blockchain Regulatory Certainty Act Advances Amid Political Storm

Crucial Blockchain Regulatory Certainty Act Advances Amid Political Storm

31.05.2025
Bitcoin Transaction Fee: Astonishing 1 BTC Paid in Single Transaction

Bitcoin Transaction Fee: Astonishing 1 BTC Paid in Single Transaction

30.05.2025
FIFA blockchain: Revolutionary Web3 Future on Avalanche Unveiled

FIFA blockchain: Revolutionary Web3 Future on Avalanche Unveiled

30.05.2025
HSBC Tokenized Deposit Service Accelerates 24/7 Corporate Payments in Hong Kong

HSBC Tokenized Deposit Service Accelerates 24/7 Corporate Payments in Hong Kong

30.05.2025
Load More
Next Post
G20 Summit To Address IMF and FSB’s Unified Crypto Regulation Framework

G20 Summit To Address IMF and FSB’s Unified Crypto Regulation Framework

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Realized price and true market mean: Understanding Bitcoin’s key cost-basis indicators

Realized price and true market mean: Understanding Bitcoin’s key cost-basis indicators

1 year ago
“MiCA Regulation is Far From Complete” — Tom Kiddle, Ex-Ripple and Apple

“MiCA Regulation is Far From Complete” — Tom Kiddle, Ex-Ripple and Apple

7 months ago
How Does Bitcoin Mining Work? A Guide to Understanding the Process

How Does Bitcoin Mining Work? A Guide to Understanding the Process

7 months ago
IMF Highlights Risks of Using Crypto in Pacific Island Countries

IMF Highlights Risks of Using Crypto in Pacific Island Countries

1 year ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Bitcoin Price Prediction: $104K – BTC Price Correction or Breakout Reloading?

HABE Launches Ethereum-Based Platform for Creative Project Funding

BitMEX Uncovers Security Flaws in North Korea’s Lazarus Group Operations

WEMIX Faces June 2 Delisting After Court Ruling – Can the Gaming Token Bounce Back?

Crypto Regulation Chaos: Trump Dinner, $2.5B Bitcoin Play, SEC Drops Binance Suit

JD.com Stablecoin Hits Phase 2 Hong Kong Sandbox Testing and Targets Global Payments

Trending

IMF Warns Against Pakistan’s Power Push for Bitcoin Mining, AI Data Centers
All news

IMF Warns Against Pakistan’s Power Push for Bitcoin Mining, AI Data Centers

01.06.2025
0

Key Takeaways: The IMF has questioned Pakistan’s plan to power Bitcoin mining and AI centers. It raised...

XRP Price Prediction: Price Hovering Around $2.16 – Is XRP Building the Strength Needed to Break $3?

XRP Price Prediction: Price Hovering Around $2.16 – Is XRP Building the Strength Needed to Break $3?

01.06.2025
Solana Price Prediction: With SOL at $154.00 and Pressure Building, Is a Breakout Past Key Resistance Levels on the Horizon?

Solana Price Prediction: With SOL at $154.00 and Pressure Building, Is a Breakout Past Key Resistance Levels on the Horizon?

01.06.2025
Bitcoin Price Prediction: $104K – BTC Price Correction or Breakout Reloading?

Bitcoin Price Prediction: $104K – BTC Price Correction or Breakout Reloading?

01.06.2025
HABE Launches Ethereum-Based Platform for Creative Project Funding

HABE Launches Ethereum-Based Platform for Creative Project Funding

01.06.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz