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
Ethereum
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
The hype surrounding the potential launch of spot Ethereum exchange-traded funds (ETFs) in the US is starting to wane as industry leaders voice their growing concerns about the obstacles in securing regulatory approval from the Securities and Exchange Commission (SEC). Jan van Eck, the CEO of investment firm VanEck, recently expressed doubts about the likelihood
Trading Guru Peter Brandt has recently made a significant shift in his stance towards Ethereum, after previously criticizing it as a “junk coin” and its supporters as “Etheridiots.” His recent analysis of the Ethereum vs. Bitcoin chart suggests a potential bear trap, indicating a possible reversal in Ethereum’s value compared to Bitcoin. Brandt’s observation highlights
One of the most prominent names in the banking sector, VanEck, has made a daring prediction regarding Ethereum Layer-2 (L2) solutions. The prediction values these scaling networks at an astonishing $1 trillion by the year 2030. This forecast highlights the crucial role that efficiency gains and scalability improvements will play in the evolution of blockchain
Ethereum has been holding steady above the $3,500 price level, with investors eagerly anticipating a return to the $4,000 mark. The recent surge in open interest on Ethereum futures has added to the optimism surrounding the cryptocurrency. While open interest is typically viewed as a bullish sentiment indicator, it can also signal a potential shift
Ethereum (ETH) is currently at a pivotal moment, aiming to reach the significant milestone of $4,000. However, its journey towards this price target is not without challenges, as the digital asset faces scrutiny from the US Securities and Exchange Commission (SEC). This regulatory obstacle could have a substantial impact on Ethereum’s future trajectory, potentially affecting
Ethereum’s network has experienced significant growth in daily active users and transaction volume recently, indicating a healthy ecosystem. However, despite this growth, the price of ETH, Ethereum’s native cryptocurrency, has seen corrections in the past few days. Over the last seven days, Ethereum has fallen by more than 10%, underperforming Bitcoin and the S&P 500.
The recent surge in the crypto market has seen Bitcoin reaching new heights, but Ethereum (ETH) has also been on a roller coaster ride. After hitting a yearly high of $4,094, the price of Ethereum has taken a hit and is now trading below the 100-day Moving Average (MA) in both the 1-hour and 4-hour
The price of Ethereum has been on a rollercoaster ride this month, failing to maintain its initial momentum despite a strong start. Cryptocurrency markets, in general, have been under bearish pressure, but Ethereum seems to be facing additional challenges due to regulatory uncertainties. This has led to a negative sentiment surrounding the “king of altcoins.”
The recent completion of the Dencun software upgrade by Ethereum (ETH) marks a significant milestone in the network’s evolution. This update, aimed at enhancing Layer 2 (L2) networks like Arbitrum, Polygon, and Coinbase’s Base, has drastically reduced transaction costs. Fees that once amounted to dollars have now plummeted to mere cents or fractions of a
Recently, QCP Capital, a well-established crypto asset trading firm, has brought attention to an emerging trend that could potentially impact Ethereum’s price trajectory. The firm’s analysis indicates a shift in “risk reversals” for Ethereum, with upcoming expiries turning negative. This shift suggests a growing apprehension among investors regarding a potential decrease in ETH’s price, as
Ethereum, the second-largest cryptocurrency, is currently experiencing a surge in bullish momentum as it aims to establish itself above the $4,000 price level. Analysts, including Ali Martinez, are optimistic about Ethereum’s potential to reach $5,000 in the near future. This article will delve into the factors driving this bullish momentum and the key resistance levels