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
Ethereum
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 IntoTheBlock reported that a staggering $906 million worth of Ethereum was withdrawn from crypto exchanges last week, indicating a shift towards a holding mentality among investors.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
Ethereum staking has defied market expectations, experiencing significant growth despite the underwhelming performance of ETH price over the past year. Liquid staking protocols like Lido Finance have witnessed a steady increase in the amount of ETH being staked, resulting in a new all-time high for the total locked supply. An intriguing development reveals that the
As the Ethereum price surpasses the $2,400 barrier, on-chain data reveals a bullish signal for the cryptocurrency. A recent analysis of the Ethereum price and exchange netflow indicator highlights an interesting relationship. The exchange netflow metric calculates the net amount of Ethereum entering or exiting centralized exchange wallets by subtracting outflows from inflows. A positive
Ethereum (ETH) is taking significant steps forward in its 2024 roadmap with the successful launch of the Dencun upgrade on the final Holesky testnet. This upgrade holds great promise for the Ethereum network, as it aims to enhance transaction efficiency, scalability, and reduce transaction fees by up to 90%. With these advancements, Ethereum has experienced
In the dynamic world of cryptocurrency, Ethereum (ETH), the second largest digital asset, has been making waves with its recent bullish momentum. Market analysts at Altcoin Daily have identified three major factors that could potentially drive up the price of Ethereum in the coming months. With their optimistic insights, they anticipate ETH to reach an
The realm of digital currencies has always been characterized by constant change and evolution. Ethereum (ETH), the second-largest cryptocurrency by market cap, is no exception. In recent weeks, a significant exodus of ETH from centralized exchanges has been observed, indicating a growing preference for holding the asset outside of trading platforms. Data from Coingecko reveals
The Securities and Exchange Commission (SEC) is expected to adopt a similar approach to approving spot Ethereum exchange-traded funds (ETFs) as it has with spot Bitcoin ETFs. According to Standard Chartered Bank analysis, May 23 is the anticipated date for receiving approval for these pending applications. This article analyzes the factors supporting this prediction and
In a potential move that could have significant implications for the Ethereum (ETH) market, on-chain analyst Lookonchain reports a massive transfer of 459,561 ETH, estimated to be worth approximately $1.014 billion, by Celsius, a bankrupt crypto lender. The distribution of this substantial amount of ETH includes sending 297,454 ETH ($656.5 million) to Coinbase Prime, 146,507
In the volatile world of cryptocurrencies, Ethereum, the second-largest crypto by market capitalization, is showing signs of a potential bullish phase. Prominent crypto analyst Michael van de Poppe has outlined three key factors that could contribute to this upswing. While Bitcoin’s behavior and the anticipation surrounding spot Ethereum exchange-traded funds (ETFs) play significant roles, Ethereum’s