Tag: Ethereum

Crypto, News

Growing Interest In Ethereum Options Signals Potential For Record Highs As ETH Hits $2,800

As February approaches its final stretch, the open interest in Ethereum options on the Chicago Mercantile Exchange (CME) has surpassed the levels seen in January, setting the stage for a potential new record high of $468 million. This surge in open interest underscores the increasing enthusiasm for Ethereum derivatives trading, […]

Crypto, News

Ethereum Witnesses Massive Withdrawals From Exchanges Amid ETF Speculation

Ethereum stakers and holders received encouraging news this week as reports surfaced of significant Ethereum withdrawals from crypto exchanges.  Over the past week alone, approximately $500 million worth of Ethereum was withdrawn from exchanges, contributing to a total outflow of $1.2 billion in Ethereum over the past month. Notably, around […]

Market Analysis

ETHEREUM PRICE ANALYSIS & PREDICTION (February 6) – ETH Poises For Gains After Forming Double-Bottom, Incoming Explosion?

Amid market calmness, Ethereum continued to recover but it is likely to face a key resistance soon. Failure to push above this resistance may lead to another drawdown. Its bullish trajectory remains intact from a short-term perspective. Ethereum has shown no sign of correcting lower with the latest price action […]

Crypto, News

Ethereum Slips Below $2300 After FOMC Meeting; Celsius Announces Crypto Distribution

Following the latest FOMC Meeting, Ethereum, the second-largest cryptocurrency, experienced a downturn in Thursday’s trading session amid market volatility. The price of ETH plummeted by 3% intraday, breaching the crucial $2300 support level. Despite the challenging market conditions, Ethereum continues to advance its core changes, notably with the upcoming 2024 […]

Crypto, News

Polygon Nearly Matches Ethereum In User Acquisition in 2023, Adds 2.8 Million Users This January 

In 2023, Polygon, a Layer-2 scaling network for Ethereum, came close to rivaling Ethereum in crypto user acquisition, as per data from blockchain analytics firm Flipside.  The gap between Polygon and Ethereum was narrow, with Polygon gaining an impressive 15.24 million users compared to Ethereum’s 15.4 million.  NEW: Polygon acquired […]

Crypto, News

Despite Massive Exchange Deposits Of Ethereum, ETH Staking Stats Hits 29,128,513.51 ETH 

Ethereum’s price exhibited a decline below the crucial $2,240 support level, dipping briefly under $2,200 before finding support around $2,165. Similar to Bitcoin’s pattern, ETH established a short-term base and initiated an upward correction, currently trading at $2,205. Amidst the price fluctuations, Celsius continued to make notable deposits of Ethereum […]