Ethereum ETH appeared to have found firm support as it failed to advance bearishness over the past month. It remained stagnant for days but is now showing signs of strength following a 1% gain since yesterday. Rolling back under the crucial $3,000 level last week, Ethereum became weaker and looks […]
Tag: Ethereum
Ethereum’s Performance Diverges From Bitcoin Amidst Weak Capital Rotation Trend
Throughout the 2023-23 cycle, a notable discrepancy has emerged in the performance of Ethereum compared to Bitcoin. While Bitcoin has demonstrated resilience and maintained its price stability, Ethereum has experienced weaker price performance. There has been a growing divergence in performance between #Bitcoin and #Ethereum during the 2023-23 cycle thus […]
Ethereum Sees Network Growth Amid Market Volatility
Over the weekend, Ethereum experienced a notable rebound, surpassing the $3,200 mark and showcasing significant network expansion. A staggering 196.71K new addresses were generated on the Ethereum network on May 4, 2024, marking the largest single-day surge in address creation since October 8, 2022. 📈 #Ethereum rebounded back above $3,200 […]
ETHEREUM PRICE ANALYSIS & PREDICTION (May 6) – ETH Bears In Disbelief Amid Recovery As It Revisits $3,200 Range With Rejection, What’s Next?
After dipping below $3k last month, Ethereum found support and climbed back significantly. While the bears are still in disbelief, it continued to show signs of strength but the price is still down 3% on a weekly scale. Last Wednesday, Ethereum traded as low as $2,817 following weeks of crackdown. […]
Ethereum Sees Record Network Growth Amidst Price Volatility
Ethereum, the leading blockchain platform, achieved a significant milestone as April drew to a close. On April 28th and 29th, the network witnessed the creation of 266.6K new wallets, marking the highest two-day surge in network growth since October 8th and 9th, 2022. Despite facing price fluctuations, this robust expansion […]
Bitcoin and Ethereum Show Signs Of Relief Amid Market Turbulence
Bitcoin experienced a significant 6.0% drop in the past 24 hours, sparking fear and uncertainty among traders. However, this dip has also led to discussions about a potential relief rally on the horizon. 📺 After #Bitcoin's -6.0% drop in the past 24 hours, we're starting to see an appealing level […]
Ethereum Faces Resistance At $3,200 Amidst Market Decline
Ethereum encounters a significant barrier at the $3,200 mark, with a substantial number of addresses holding millions of ETH. However, the cryptocurrency is currently experiencing a 5% decline, trading at $3010. #Ethereum faces a brick wall resistance at $3,200, where 2.43 million addresses hold 5.14 million $ETH. pic.twitter.com/44MEA0Xge3 — Ali […]
ETHEREUM PRICE ANALYSIS & PREDICTION (April 29) – ETH Encounters Resistance After Days Of Recovery, Signals Sell
After witnessing a two-week bounce from the monthly low, Ethereum ETH encountered resistance yesterday and initiated a drop. Losing grip above $3,200, the price is currently down 4%, looking weak on the day. Ethereum started the second quarter with a loss but has seen a nice recovery in the past […]
Ethereum Faces Uncertainty Amid SEC’s Rumored Rejection Of Spot ETF Proposals
Ethereum has become the focal point of discussion within the cryptocurrency community, with traders closely following reports speculating on the SEC’s intentions to reject spot Ethereum ETF proposals in May. This development comes after the approval of spot Bitcoin ETFs on January 11, 2024, and the much-anticipated Bitcoin halving event […]
Whales Continue To Accumulate ETH Despite Market Volatility
Recent data from Spotonchain indicates that whales are continuing to accumulate Ethereum (ETH), despite the recent market turbulence. In the past 24 hours, one prominent whale, identified as 0x435, withdrew a substantial amount of 7,128 ETH ($22.2 million) from Binance at a price of $3,111. Interestingly, despite the market downturn […]
FTX and Alameda Research Deposits $ETH To Exchanges Amidst Bullish Sentiment From Whales
Recent data from Spotonchain reveals that FTX and Alameda Research have made significant deposits of 4,500 ETH ($14.4 million) to Coinbase and Binance in the past 24 hours, signaling continued activity in the Ethereum market. This follows a trend observed since March 1, where the two entities have deposited a […]
ETHEREUM PRICE ANALYSIS & PREDICTION (April 22) – ETH Recovers After Establishing Base Support, Can It Surpass This Crucial Resistance Line?
Following a series of selling in the past month, ETH tested a two-month low and found support. It is slowly regaining strength and now aims at a confluence resistance line, where a potential breakout may occur. Ethereum ended last week’s trading a bit strong after posting losses in the preceding […]
Ethereum Rebounds Above $3000 As Whales Accumulate
Ethereum has shown signs of recovery, surpassing the $3000 mark and currently trading at $3,200, after experiencing a dip below $2,900 in the past week. On-chain reports indicate that whales are actively accumulating ETH, contributing to the token’s recent uptick. According to Lookonchain data, there are indications that Justin Sun, […]
Ethereum Transaction Costs Drop As Market Sentiment Shifts
The cost of making transactions on the Ethereum network has significantly decreased to just $2.07, a notable decline from the $15.21 observed on March 4th during a period of high demand. This reduction in transaction fees reflects the cyclical nature of market sentiment in the cryptocurrency space, often characterized by […]
Ethereum ICO Participant Sells 2,000 ETH As Tether Treasury Prepares To Mint More USDT
Recent on-chain reports reveal significant activity in the Ethereum ecosystem, with Ethereum ICO participant 0xc33/0xe6d making a notable sale of 2,000 ETH for 5.995M USDC at an average price of $2,997 over the past few hours. This participant, who received 33,213 ETH during the Ethereum Genesis ICO on July 30, […]
ETHEREUM PRICE ANALYSIS & PREDICTION (April 17) – ETH Continues Selling, Negotiating $3k For Next Big Move
Ethereum resumed selling pressure this week after experiencing a little retracement last. While on the verge of breaking down a key price level, it has posted roughly 7% loss in the past week. Rejecting $4,100 and $3,700 in the past weeks, Ethereum has found it difficult to push above the […]
Ethereum Community Debates Monetary Policy Amidst Rising Interest And Price Decline
As cryptocurrency prices continue their downward trend, Ethereum has emerged as a focal point of discussion, experiencing a notable surge in conversation volume. Despite the overall market decline, the introduction of a new ETF has sparked increased interest in Ethereum, the second-largest cryptocurrency by market capitalization, even as short positions […]
Ethereum-Powered Assets Like $TON, $LDO And $ENA Lead Market Surge, Staking Reaches Milestone
As Ethereum kicked off the week with a strong performance, ERC20 assets have outpaced the broader market, recording an impressive growth of +8.1% over the past week. 📈 Powered by #Ethereum's rise to start the week, #ERC20 assets have been well ahead of the markets on average. The sector has […]