Ethereum (ETH) has been making waves in the cryptocurrency market recently, reaching over $4,000 and boasting a market capitalization of nearly $480 billion. This surge has left investors feeling both excited and cautious, with many wondering if this momentum is sustainable or just a temporary blip before a possible correction. There are several factors contributing
Ethereum
The Dencun upgrade for the Ethereum (ETH) ecosystem is set to revolutionize Layer 2 (L2) networks, promising significant cost reductions and key feature enhancements. Scheduled for March 13, this upcoming update introduces a new data storage system called blobs, which is expected to reduce congestion on the Ethereum network and drive innovation in various sectors.
The recent bullish weekend for Ethereum (ETH) has sparked excitement among cryptocurrency enthusiasts as the price surged by 4.31% in just one day, bringing it closer to the critical resistance point of $4,000. This upward momentum is driven by a variety of factors, including a significant increase in Ethereum accumulation. Wallets associated with PulseChain and
Ethereum-based altcoins have been gaining attention lately due to notable whale activity, as indicated by the “whale transaction count.” This metric tracks large transfers valued at $100,000 or more on the network, typically associated with significant entities known as whales. High values of this metric suggest increased interest from whales, while low values indicate the
In recent years, Ethereum has been making waves in the world of cryptocurrency as the vanguard for a revolutionary financial system. Advocates of this blockchain extol the virtues of smart contracts, envisioning a future marked by market transparency, tokenized funds, and expeditious settlement times. At the time of writing, Ether was trading at $3,780, showing
After reaching an all-time high above $3,800, Ethereum experienced a significant price drop of over 10%. This price fluctuation came on the heels of a similar surge in Bitcoin, which also hit a new ATH before undergoing a correction. Both cryptocurrencies have since recovered from their respective dips, with Ethereum briefly touching $3,900 for the
The Ethereum Foundation, a renowned non-profit organization within the blockchain space, recently made headlines with its unexpected ETH sell-off to a single address. On March 4th, LookOnChain, a prominent blockchain analytics platform, disclosed a series of transactions originating from a wallet address associated with the Ethereum Foundation. The transactions showcased a pattern of transferring ETH
Recent data from exchange platforms has shown a significant uptick in bullish sentiment among Ethereum traders. According to IntoTheBlock, a staggering $906 million worth of Ethereum was withdrawn from crypto exchanges in the past week. This massive exodus of ETH from exchanges hints at a shift towards a holding mentality among investors, as they anticipate
Justin Sun, the co-founder of Tron, a popular smart contracting platform for deploying decentralized applications (dapps), has once again caught the attention of the crypto community by making significant moves in the market. According to Lookonchain data, Sun recently transferred a whopping 100 million USDT to Binance, following other large transactions earlier in the week.
One of the hottest topics in the world of cryptocurrency investing is when to best time to go all in on assets like Bitcoin and Ethereum. Crypto analyst Rager recently shared some valuable insights for investors looking to take advantage of the upcoming bull run. According to him, the “last great opportunity for this cycle”
Recent large Ethereum purchases attributed to a wallet potentially linked to Justin Sun, founder of the TRON blockchain and CEO of BitTorrent, have sparked speculation within the cryptocurrency community. According to blockchain analytics firm Lookonchain, the suspected wallet acquired an additional 13,780 ETH, valued at approximately $41.24 million. This purchase adds to a total of
The price of Ethereum has experienced a significant uptrend in 2024, with a growth of over 30% in just under two months. One compelling factor contributing to this surge is the recent on-chain data revealing a decrease in Ethereum’s exchange reserve balance. This decline indicates that more ETH tokens are being withdrawn from centralized exchanges
The recent on-chain data from Spot On Chain has revealed that an Ethereum whale has been actively accumulating ETH. The whale address in question has purchased a total of 64,501 ETH in the past three days, which amounts to approximately $187 million at current market prices. This significant accumulation activity has sparked interest and speculation
The current market perception of Ethereum seems to be a topic of controversy, with Fred Krueger, a crypto investor, stating that Ethereum is overvalued at its current spot rates. This sentiment from Krueger points towards a disconnect between Ethereum supporters and the reality of the market. The recent surge in Ethereum’s native currency breaking above