Cryptocurrency News
Ethereum’s recent price drop to as low as $2,380 on Friday has prompted a notable increase in whale activity, reaching a six-week high. Historically, such spikes in whale transactions indicate accumulation by key stakeholders with significant capital. While this does not guarantee an immediate price rebound, it is a positive […]
Ethereum ($ETH) has fallen to its lowest valuation against Bitcoin ($BTC) since April 2021, but co-founder Vitalik Buterin has unveiled plans to turn the tide. BREAKING 🚨: Ethereum $ETH falls to its lowest valuation against Bitcoin $BTC since April 2021 pic.twitter.com/GcIZPtI4ur — Barchart (@Barchart) October 24, 2024 In a recent […]
Ethereum’s price continues to face significant pressure, yet there are emerging signs of potential movement. The total amount of ETH held in accumulation addresses has reached an impressive 19.2 million, indicating a strong interest among investors. Additionally, the latest trading day for ETFs recorded an inflow of $48 million, highlighting […]
Ethereum is still struggling to overcome a critical resistance level despite recovering nicely in the past months. The price will remain trapped in a range until it finds a breakout. Since Ethereum found a local bottom at $2,111 two months ago, it has recovered notably and shown signs of reversal. […]
Ethereum’s staker revenue has taken a sharp dive, plunging 30% since March to reach just $174 million in September, mirroring the broader downturn in the crypto market and reduced on-chain activity. Despite this drop in revenue, the number of Ethereum validators has surged to an impressive 1.09 million, reflecting strong […]
Over the past 30 days, Ethereum whale wallets have been actively accumulating, signaling strong confidence in the cryptocurrency’s future. These large holders, which control more than 0.1% of the total ETH supply, have been steadily buying up Ethereum, with net outflows recorded on only three days during this period. According […]
A major crypto whale has been making significant moves in the DeFi space, accumulating various tokens. Recently, this whale withdrew 299,133 $UNI (worth $2.39 million) from Gate.io. Additionally, between August 13 and September 12, the whale withdrew 19,373 $AAVE (valued at $2.95 million) and 596 $MKR (worth $805,000) from Binance. […]
Base chain has experienced a significant boost in transaction volume in recent months, now commanding 40-60% of all activity across the three major Layer 2 (L2) blockchains. Base transaction volume has surged in the past months, with it capturing 40-60% of all volume among the three L2 blockchains pic.twitter.com/xusRTyGLkk — […]
A prominent trader with a 91% success rate in the market recently suffered a significant loss after selling 4,973 aEthWETH (worth $12.53 million) at an average price of $2,520, well below the $2,660 entry point. The position, opened with 4,969 aEthWETH, marks a loss of $696,000 over 12 trades, reducing […]
Opening this month short, ETH found solid ground after establishing support above $2.3k. This restored buying pressure as the price gradually rose with a double-bottom formation on the short-term scale. Ethereum has continued to subject the market to a sideway move since it rejected the $2,100 level in August. It […]
In the third quarter of 2024, Bitcoin’s dominance surged to its highest level since April 2021, as $BTC traded sideways while both $ETH and smaller tokens reached new yearly lows. This trend suggests that Bitcoin is increasingly being viewed as a form of money, whereas Ethereum’s valuation appears more closely […]
In the past 24 hours, 108,000 ETH, worth approximately $259.2 million, was transferred to cryptocurrency exchanges, signaling increased selling pressure. A prominent Ethereum ICO participant has been at the center of this activity, offloading another 6,000 ETH, valued at $14.11 million, just 45 minutes ago. 108,000 $ETH were sent to […]
Over 1.89 million Ethereum addresses have acquired a substantial 52 million $ETH around the $2,350 price range, signaling strong historical demand at this level. This zone may act as a key support for Ether as it moves forward, providing a foundation for future price stability. See that large green bubble? […]
The digital asset market is abuzz with excitement as investment products saw a staggering $1.2 billion in inflows for the third consecutive week. Bitcoin led the charge with $1 billion, while Ethereum broke its five-week slump with $87 million in inflows. According to CoinShares, digital asset investment products saw a […]
In the latest drops, Ethereum briefly lost momentum and is now looking weak after failing to reclaim $2,800 in the recent upsurge. However, its monthly outlook remains bullish while locating support for a fresh buy. Like most altcoins, Ethereum has also posted some gains this month, but not as significant […]
Ethereum’s price rally this week has significantly boosted market sentiment, with the percentage of addresses “in the money” soaring from 59% to 69%. Additionally, more than 80% of ETH trading volume is now in profit, signaling strong buying support at crucial price levels. ETH’s rally this week quickly pushed the […]
The Base blockchain has experienced a meteoric rise, surpassing 2 million daily active addresses, outpacing other Layer 2 (L2) solutions. While the recent spike in activity is partly driven by airdrops and the introduction of $cbBTC, the main excitement seems to stem from the growing popularity of Basenames, Base’s equivalent […]
Ethereum continued to retrace higher after failing to advance lower this month. The price is approaching August’s high as it maintains a bearish daily. A break above this high could bring a small shift in the trend. The past week has been stunning for Ethereum as it increased by another […]