Ethereum (ETH), the second-largest cryptocurrency in the world, is showing strong momentum this week as it edges closer to the coveted $3,000 mark. The surge in ETH’s price is driven by several factors, with one of the key drivers being the growing popularity of ETH staking. As Ethereum 2.0 gains traction, more investors are choosing
Ethereum
In recent weeks, Ethereum has experienced a surge in its market price, indicating an increasing demand for the asset. This article analyzes the strategy of an Ethereum whale and explores the optimism surrounding Ethereum’s potential growth. According to the on-chain analytics platform Lookonchain, an unknown whale has been actively accumulating Ethereum by utilizing the revolving
Wall Street giant and asset manager Franklin Templeton recently submitted an application for an Ethereum Spot Exchange-Traded Fund (ETF) after facing challenges in gaining approval for their Bitcoin Spot ETF earlier this year. Many asset managers have turned to the Ethereum spot ETF following the United States Securities and Exchange Commission’s (SEC) approval of the
In a recent development, Ethereum [ETH] co-founder Jeffrey Wilcke’s wallet has made a notable deposit of 4,300 ETH to a cryptocurrency exchange. This deposit, which amounts to 22,000 ETH, valued at approximately $41.1 million at the time, has injected renewed interest and excitement into the market. Despite this substantial deposit, the overall trend of Ethereum’s
The options market for Ethereum (ETH) has revealed an interesting and noteworthy pattern. Deribit, a leading platform for crypto futures and options trading, has reported a significant concentration of call options around the $4,000 strike price for both the June and September expiries. This indicates a concentrated expectation among traders that the price of Ethereum
Prometheum, a trading platform specializing in crypto securities assets, has made headlines with the recent announcement of its custodial services for Ethereum (ETH). This move holds significant implications for the legal status of Ethereum, the second-largest cryptocurrency by market capitalization. Unlike other crypto exchanges, Prometheum’s strategy is to operate within existing laws and compel regulators,
Ethereum staking has been gaining traction despite the lackluster performance of ETH’s price in the past year. Liquid staking protocols like Lido Finance have witnessed a significant increase in the amount of ETH being staked. As a result, the total supply of staked ETH has reached an all-time high. Lido Finance recently reported that the
On-chain data reveals a promising signal for Ethereum as the cryptocurrency surpasses the $2,400 barrier. A recent analysis of the exchange netflow indicator sheds light on the correlation between Ethereum’s price and this metric. The exchange netflow metric tracks the net amount of an asset entering or exiting centralized exchange wallets. Positive values indicate that
Ethereum (ETH) has recently achieved a significant milestone in its 2024 roadmap with the successful launch of the Dencun upgrade on the final Holesky testnet. This development marks a crucial step towards implementing the upgrade on the mainnet, thereby improving transaction efficiency, scalability, and reducing transaction fees by up to 90%. In response to this
As the cryptocurrency market experiences a wave of bullish momentum, Ethereum (ETH), the second largest cryptocurrency asset, is expected to undergo a significant price surge in the coming months. Analysts at Altcoin Daily have highlighted three major factors that they believe will propel the price of Ethereum to new heights. One of the key drivers
In recent weeks, Ethereum (ETH), the second-largest cryptocurrency by market cap, has witnessed a significant exodus from centralized exchanges. This trend has raised eyebrows in the crypto community as investors increasingly prefer to hold their ETH outside of trading platforms. Data from Coingecko shows that as of now, ETH is trading at $2,289, experiencing a
The Securities and Exchange Commission (SEC) is anticipated to take a comparable approach in approving spot Bitcoin (BTC) exchange-traded funds (ETFs) for spot Ethereum ETFs, with May 23 set as the proposed deadline for approval. Standard Chartered Bank’s analysis reveals that pending applications for spot Ethereum ETFs are likely to be approved on May 23,
In recent news, it has come to light that Ethereum (ETH) is on the verge of experiencing a staggering sell-off worth $1 billion. This momentous transaction, initiated by Celsius, a crypto lender grappling with bankruptcy, has sent shockwaves across the cryptocurrency community. According to on-chain analyst Lookonchain, Celsius embarked on a transfer of 459,561 ETH,
The cryptocurrency market has been showing signs of a potential bull run, and Ethereum, the second-largest crypto by market capitalization, is poised to benefit from this upward trend. In this article, we will explore three key factors that could drive Ethereum’s value in the coming weeks. One crucial factor that could signal a bullish phase