After a week of choppy price action, Ethereum (ETH) declined by another 1.4% today as it struggles to hold fort near $4,300. The derivatives market, however, is showing resilience despite recent price weakness. In its latest post, CryptoQuant noted that Binance’s ETH open interest (OI) has continued to hold above $8.4 billion, even after the […]
Ether prices could tumble a further 20% from current levels if history rhymes and the correction deepens this month. Now that Ethereum has run the prior all-time highs in August, “I think ETH will drop back to its 21-week EMA [exponential moving average],” said ICT Crypto founder Benjamin Cowen on Monday. This could send ETH […]
The Ethereum validator exit queue peaked at just over 1 million ETH on Friday as the asset maintained its price gains, and selling pressure and profit-taking increased. This is only natural, considering that Ether has more than doubled in price in a little over two months after spending a couple of years in the doldrums. […]
Ethereum exchange-traded funds (ETFs) have outperformed their Bitcoin counterparts for six consecutive weeks, highlighting a shifting preference among investors. Fresh data shows ETH products are drawing steadier inflows even as Bitcoin ETFs continue to command the lion’s share of assets under management. Weekly Data Highlights Ethereum’s Edge According to data from SoSoValue, as of August […]
Today’s recovery attempt by most cryptocurrencies turned out to be a fakeout as the market has turned red once again. This time, Ethereum has taken the painful main stage, dumping by over 11% since its all-time high registered just over 24 hours ago. ETHUSD. Source: TradingView The landscape around the world’s second-largest cryptocurrency changed for […]
A Bitcoin wallet from several years ago showed activity just today, selling at a substantial profit and shifting strategies towards the second-largest crypto asset by market capitalization. Ethereum, the asset of choice, has meanwhile been garnering considerable attention from institutions and retail investors alike. Change of Heart A dormant BTC whale has resurfaced today, as […]
It has been a wild ride, but Ethereum’s price has finally reclaimed its former all-time high. The move came following a recent correction, which saw ETH’s price drop to slightly above $4,000. The cryptocurrency saw a massive bounce in the past 24 hours following the speech of US Federal Reserve Chairman Jerome Powell at Jackson […]
The crypto market is showing cautious movement as investors gear up for signals from the Federal Reserve’s Jackson Hole symposium. Against this backdrop, Ethereum is seeing continued outflows tightening its market supply, which contrasts with Bitcoin’s unchanged reserves and ongoing sell-side liquidity. Diverging Flows Between Bitcoin and Ethereum There has been a growing divergence between […]
Tom Lee’s BitMine Immersion Technologies announced on Monday that it has become the second-largest crypto treasury in the world, behind Michael Saylor’s Strategy. The firm updated its Ether holdings figures to 1.52 million ETH worth around $6.6 billion. Even with the asset’s retreat, that huge stash is worth more than the $5.88 billion in Bitcoin […]
Last week, digital asset investment vehicles recorded $3.75 billion in inflows, their fourth-highest figure historically, in what appears to be a recovery from the subdued momentum of previous weeks. Interestingly, the surge was almost entirely tied to iShares and one particular product under its umbrella. With market prices pushing higher, total assets under management (AuM) […]