The Binance futures market has recently witnessed the strongest buying pressure since September of last year, with notable interest not only in Bitcoin ($BTC) but also in Ethereum ($ETH). This robust activity points to increased market confidence in these digital assets. Strong buying momentum has emerged from Binance futures whales […]
Tag: Ethereum
Bitcoin Surges As Ethereum Holds Steady; Market Eyes Election-Driven Volatility
Bitcoin ($BTC) has been gaining impressive momentum, with both its price and open interest sharply rising, indicating strong upward movement. While Ethereum ($ETH) remains stable and hasn’t yet mirrored Bitcoin’s ascent, investors are keeping a close watch for potential shifts, as ETH could soon follow BTC’s trend. $BTC is on […]
Reddit Sells Most Of Its Crypto Holdings As Ethereum Sees Positive Futures Sentiment
Documents filed by Reddit with the U.S. SEC reveal that the social media platform has sold the majority of its cryptocurrency holdings in Q3 2024, including reserves held in Bitcoin and Ethereum. This marks a shift in strategy for Reddit, which previously held these assets for financial reserves. The move […]
Is Ethereum Losing Its Edge? Crypto Researcher Sparks Controversy
Crypto researcher Justin Bons has stirred debate by declaring Ethereum “cooked,” suggesting it may be sliding into irrelevance like Bitcoin. Bons criticized Ethereum’s reliance on Layer 2 (L2) solutions, arguing that the primary Layer 1 (L1) base is being neglected. This hot take quickly polarized the community: some labeled Bons […]
Ethereum ETFs On The Rise: Grayscale’s Leadership, Growing Investor Confidence, And Market Maturity
As cryptocurrency integrates deeper into the financial mainstream, Ethereum (ETH) has evolved beyond a digital asset to a favored choice among institutional investors. Grayscale’s dominance in Ethereum-based exchange-traded funds (ETFs) is particularly notable, with its ETHE fund controlling a substantial 56.98% share of the Ethereum ETF market. Grayscale’s 1,606,070 ETH […]
ETHEREUM PRICE ANALYSIS & PREDICTION (October 30) – ETH Remains Trap In A Range, Looking For A Major Breakout
Over the past week, Ethereum initiated another drop and lost some key levels as it rolled back near the monthly low. The crypto outlook changed and the market turned bearish while remaining trapped in a range. As ETH continues to gather momentum, its market structure becomes tighter on the weekly […]
Ethereum Whale Activity Reaches Six-Week High Amid Price Decline
Ethereum’s recent price drop to as low as $2,380 on Friday has prompted a notable increase in whale activity, reaching a six-week high. Historically, such spikes in whale transactions indicate accumulation by key stakeholders with significant capital. While this does not guarantee an immediate price rebound, it is a positive […]
Ethereum Hits Lowest Valuation Against Bitcoin Since 2021 Amid Gas Fee Reduction Plans
Ethereum ($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 Faces Pressure But Signals Of Movement Emerge Amid Short-Squeeze Risks
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 PRICE ANALYSIS & PREDICTION (October 22) – ETH Trades Above $2,700, Can It Break This Critical Resistance?
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 Staker Revenue Drops 30% Amid Market Slump, But Validator Numbers Hit New High
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 […]
Ethereum Whales Continue Accumulation As Confidence In ETH Grows
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 […]
Whale Accumulates DeFi Tokens Amid Uniswap’s Upcoming Launch Of Unichain
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 Sees Transaction Volume Surge As Stablecoins Gain Traction
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 — […]
Ethereum “Smart Money” Takes A Loss As Market Volatility Hits – Could A Bullish Surge Be Ahead?
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 […]
ETHEREUM PRICE ANALYSIS & PREDICTION (October 15) – ETH Is Back Above $2.5k Following A Double-Bottom Formation, Signals A Reversal
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 […]
Bitcoin Dominance Rises As Ethereum Faces Challenges In Q3
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 […]
Ethereum Whale Continues To Sell Amid Market Movements, While Layer-2 Solutions Gain Momentum
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 […]