As Ethereum prepares for the upcoming Dencun upgrade to improve scalability, there is a sense of anticipation in the crypto community. However, recent analysis from QCP Capital has revealed a concerning trend regarding risk reversals for Ethereum. The shift towards negative risk reversals for upcoming expiries hints at growing apprehension among investors about a potential
Ethereum
Ethereum (ETH) recently underwent a significant software upgrade named Dencun, aimed at improving the efficiency and cost-effectiveness of the network ecosystem. This upgrade, particularly focused on Layer 2 (L2) networks like Arbitrum, Polygon, and Coinbase’s Base, has resulted in a substantial reduction in transaction fees, making it more affordable for users to interact with the
The cryptocurrency market is currently buzzing with excitement as Ethereum strives to solidify its position above the $4,000 level. Analysts, such as Ali Martinez, are optimistic about Ethereum’s future, suggesting that the digital asset could potentially surge to $5,000 in the near future. Martinez’s analysis, based on data from IntoTheBlock, indicates that Ethereum still has
Ethereum (ETH) has been on a rollercoaster ride lately, with its price soaring past the $4,000 mark for the first time since December 2021. This has left investors both excited and cautious about the future prospects of the world’s second-largest cryptocurrency. The recent surge in price has led to a flurry of bullish predictions, but
The highly anticipated Dencun upgrade for the Ethereum (ETH) ecosystem is set to revolutionize Layer 2 (L2) networks with significant cost reductions and notable changes. Scheduled for March 13, this update will introduce a new data storage system known as blobs, promising to reduce congestion on the Ethereum network and drive key new features across
The recent bullish weekend for Ethereum (ETH) has cryptocurrency enthusiasts celebrating as the world’s second-largest cryptocurrency by market capitalization experiences a price surge of 4.31% in the last day. The price of ETH is inching closer to a critical resistance point of $4,000, signaling optimism within the Ethereum community. This climb is fueled by a
Several Ethereum-based altcoins have recently caught the attention of whales, as indicated by on-chain data. Whale activity, measured by the “whale transaction count,” reveals the total number of transfers valued at $100,000 or more happening on the network. This metric signifies the involvement of large entities capable of moving significant amounts in single transactions. Recent
The emergence of Ethereum as a leading force in the financial system is undeniable. With its focus on smart contracts and the vision of a transparent, tokenized future, Ethereum advocates are enthusiastic about the potential it holds. Currently, Ether is trading at $3,780, showing a steady increase in both daily and weekly timeframes. However, some
The recent surge in Bitcoin’s price, leading to a new all-time high, had a ripple effect on Ethereum. After reaching above $3,800, Ethereum experienced a significant price drop of over 10%. However, the second-largest cryptocurrency managed to recover from the dip and briefly touched $3,900. This milestone marked the first time in over two years
The Ethereum Foundation, a non-profit organization, recently made headlines with an unexpected move – initiating a significant ETH sell-off to a single address. This action has sparked speculation within the cryptocurrency community about a potential market peak. The foundation’s wallet address, identified as “Cumberland Forwarder,” was the recipient of three ETH transactions, with two of
Recent exchange data has shown a significant increase in bullish sentiment among Ethereum traders. IntoTheBlock reported that a staggering $906 million worth of Ethereum was withdrawn from crypto exchanges last week, indicating a shift towards a holding mentality among investors. This mass exodus of ETH from exchanges suggests that traders are optimistic about higher prices
Justin Sun, the co-founder of Tron, has once again made headlines in the cryptocurrency world with his recent transactions involving millions of dollars. According to Lookonchain data, Sun reportedly transferred 100 million USDT to Binance on February 29th, just days after moving significant sums earlier in the week. This comes after a wallet associated with
Crypto analyst Rager recently shared some valuable insights for investors looking to navigate the volatile world of Bitcoin and Ethereum. In a series of social media posts, Rager highlighted the importance of timing in the current market cycle. He pointed out that the upcoming Bitcoin Halving event could present a significant opportunity for savvy investors
The recent surge in large Ethereum (ETH) purchases from a wallet potentially linked to Justin Sun, the founder of TRON blockchain and CEO of BitTorrent, has sent shockwaves through the cryptocurrency community. The suspected wallet has acquired a total of 168,369 ETH, valued at approximately $487 million, in just a span of two weeks. This
The price of Ethereum has shown significant growth in the first few months of 2024, with an increase of over 30% in less than two months. This surge in price has been accompanied by an interesting trend in on-chain data, suggesting that ETH investors are becoming more confident in the market. According to a CryptoQuant
Recent on-chain data from Spot On Chain has revealed significant accumulation activity by an Ethereum whale, causing a stir within the ETH community. The whale address in question has purchased a total of 64,501 ETH in the past three days, amounting to approximately $187 million at current market prices. The whale’s continuous accumulation of Ethereum,
Fred Krueger, a prominent crypto investor, has voiced his concerns regarding the current valuation of Ethereum. He believes that Ethereum is overvalued at its spot rates, especially after the native currency, ETH, surged above $3,000. Krueger expressed his opinion that Ethereum supporters are “detached from reality” in their assessment of the blockchain’s worth. This skepticism
In the fast-paced world of cryptocurrencies, Ethereum has captured the attention of investors worldwide, especially with Michaël van de Poppe’s bold prediction. Van de Poppe, the CEO of MN Trading, has projected an impressive climb for Ethereum, foreseeing a potential surge in the range of $3,800 to $4,500. This optimistic outlook is supported by Ethereum’s
The recent surge in Ethereum’s price, crossing the $3,000 threshold, has grabbed the attention of the crypto community. However, amidst the celebrations, Fred Krueger, a prominent Bitcoin ETF expert, has raised doubts about the true value of ETH. Krueger, a Wall Street veteran, took to social media to express his skepticism, stating that “ETH is
Bernstein, a global asset management firm, recently expressed confidence in the potential approval of an Ethereum Spot ETF by the United States Securities and Exchange Commission (SEC). Analysts from Bernstein, Gautam Chhugani and Mahika Sapra, identified Ethereum as the frontrunner for an ETF approval after Bitcoin. Despite the SEC’s historical reluctance towards cryptocurrency ETFs, the
In recent days, Ethereum has made significant strides, breaking beyond the $2,900 level, showcasing a 4% surge in just 24 hours. This surge has brought the second-largest asset in the cryptocurrency sector to heights not seen since the beginning of May 2022. While Bitcoin has been on a sideways trajectory, Ethereum seems to have taken
Ethereum (ETH), the second-largest cryptocurrency in the world, is making significant strides towards reaching the coveted $3,000 mark. This recent surge in price has sparked speculation about whether Ethereum could potentially reach $4,000 by the end of the month. Several factors are contributing to this bullish sentiment, with the increasing popularity of ETH staking being
Ethereum has been experiencing a significant increase in its market price in recent weeks, reaching a one-month high. This surge in price indicates a growing demand for the asset, and an unknown whale has made a notable move in response. Using the Spark platform’s revolving loan feature, this investor has been actively increasing their Ethereum
Wall Street titan and asset manager Franklin Templeton has recently applied for an Ethereum Spot Exchange-Traded Fund (ETF), following its struggles to gain approval for a Bitcoin Spot ETF earlier this year. This move comes as a result of other asset managers gravitating towards the Ethereum spot ETF, after the United States Securities and Exchange
In a recent development, Ethereum co-founder Jeffrey Wilcke’s wallet has made a significant deposit of 4,300 ETH to a cryptocurrency exchange. This deposit amounts to 22,000 ETH, valued at approximately $41.1 million at the time. The market has been buzzing with renewed interest and excitement as a result of this deposit. This deposit is particularly
The options market for Ethereum (ETH) is experiencing an interesting trend, according to recent data from Deribit, a leading platform for crypto futures and options trading. The data reveals a significant concentration of call options centered around the $4,000 strike price for both the June and September expiries. This particular accumulation of ETH call options
Prometheum, an alternative trading platform for crypto securities assets, recently made waves with the announcement of its custodial services for Ethereum (ETH). The company’s strategy, according to Fortune Magazine, is to compel regulators, notably the Securities and Exchange Commission (SEC), to recognize Ethereum as a security. By positioning itself as a compliant player in the