Ethereum has seen a recent subtle recovery in its price amidst a bearish crypto market, closely following Bitcoin’s modest uptrend. However, beneath the surface, there has been a concerning trend that could significantly impact Ethereum’s economic model. In April, the ETH burn rate hit an annual low due to a noticeable decrease in network transaction
Ethereum
As crypto analyst Benjamin Cowen predicts, Ethereum, the second-largest cryptocurrency, is expected to bottom against Bitcoin in the near future. Cowen points out similarities between the current market dynamics and those of 2019, suggesting that ETH/BTC will hit its lowest value in the current market cycle when the Federal Reserve makes a significant change in
The recent surge in the price of Ethereum (ETH) to $3,300 over the weekend has sparked speculation of a trend reversal for the second-largest crypto token by market cap. Analyst Derek pointed out signals on Ethereum’s Moving Average Convergence/Divergence (MACD) indicator that suggest the end of a decline and a shift in the upward direction.
Ethereum, the world’s second-largest cryptocurrency, has recently experienced a dramatic decrease in transaction fees, with the average cost per transaction dropping to just $1.12. This significant drop, as reported by Santiment, has sparked discussions among crypto enthusiasts and analysts regarding its implications for the broader market sentiment. Santiment’s analysis suggests a correlation between transaction fees
In the recent week, there has been a significant increase in Ethereum withdrawals from centralized exchanges, indicating a shift in investor sentiment. The amount of ETH withdrawn is worth almost $800 million, raising questions about the potential impact on the cryptocurrency’s price. Investors appear to be taking action to secure their positions amidst the uncertain
In the recent past, the cryptocurrency Ethereum (ETH) has experienced a noticeable drop in price, with a 5% decline over the last 24 hours. The reason behind this sudden drop is the growing speculation surrounding the possible rejection of Ethereum ETFs by the US Securities and Exchange Commission (SEC) in the upcoming May deadline. It
Ethereum (ETH), the second-largest cryptocurrency by market cap, has been capturing the attention of investors due to recent whale activity. In particular, Tron founder Justin Sun’s suspected accumulation of a significant amount of ETH has sparked speculation about the future market recovery for the digital asset. Recent reports have indicated that a mysterious wallet, suspected
The Ethereum Open Interest has been showing signs of trading at lower levels recently, indicating potential implications for the asset’s price. The Open Interest metric refers to the total number of derivative-related contracts open for Ethereum on all exchanges. When this metric increases, it signifies that investors are opening new positions on these platforms, leading
Recently, reports have emerged regarding a new Ethereum (ETH) whale that has been making significant purchases in the cryptocurrency market. This whale, who has spent over $405 million on ETH since March 31, is suspected to be Tron founder Justin Sun. The blockchain research platform Lookonchain has uncovered the activity of this mysterious whale, shedding
The recent volatility in the cryptocurrency market has not spared Ethereum (ETH), the second largest crypto token by market cap. Despite the fluctuations in prices, data from Coinglass reveals that the majority of Ethereum investors and traders maintain a bullish outlook on the crypto token. This is evident in the continuous opening of long positions
Ethereum has been experiencing price volatility in the past seven days, hovering around $3,170. Despite this volatility, on-chain data has indicated a trend of accumulation among Ether investors. Over $500 million worth of ETH has been withdrawn from centralized exchanges in the past week, marking the highest single-week outflow from exchanges on the Ethereum network
Ethereum (ETH) has experienced a significant surge in price, with a nearly 100% increase in the first quarter of 2024. Alongside this price action, the Ethereum blockchain has also generated profits of up to $369 million during this period. This unexpected profitability has raised questions regarding how the Ethereum blockchain remains profitable. According to Token
The recent turbulent conditions in the cryptocurrency market have not deterred Ethereum whales from making strategic moves. Despite the significant dip in Ethereum’s price, whales like “0x435” have seized the opportunity to accumulate large sums of ETH. This particular whale invested a whopping 70 million USDC to acquire 23,790 ETH when Ethereum hit nearly $2,930.
Ethereum, a prominent cryptocurrency, is currently experiencing a downward trend in prices, echoing the broader movement in the crypto market. This decline has been further exacerbated by rising tensions in the Middle East, triggering uncertainty among investors. While retail traders are rushing to sell off their assets, on-chain data reveals a different story. Large whales