TL;DR ETH’s recent consolidation might be followed by a major price swing in either direction. Some X analysts compare ETH’s cycle to BTC’s 2020–2021 rally, projecting targets between $8,000 and $10,000 in the coming months. Meanwhile, exchange reserves hit a nine-year low of approximately 17.1 million tokens, signaling reduced sell pressure. The Calm Before the […]
Following a phase of consistent flows into spot Ethereum exchange-traded funds (ETFs), investors are taking a break. This cool-off period comes as ether (ETH) hovers about 15% from its recent all-time high (ATH), and BTC remains range-bound between $108,000 and $113,000. Analysts at the cryptocurrency exchange Bitfinex revealed that Ethereum ETFs have just recorded their […]
Last week, digital asset investment products shed $352 million, as investors remained cautious despite a supportive backdrop of softer US payrolls and growing expectations for a September rate cut. Alongside, trading volumes tumbled 27% week-over-week, in what appears to be signs of waning short-term interest. Even so, year-to-date inflows climbed $35.2 billion, outpacing last year’s […]
“The Lean Ethereum team has been doing a truly amazing job kicking into gear this year, and delivering on all fronts to ensure Ethereum’s long-term scaling, decentralization, and resilience,” said Vitalik on Sunday. He added that he expects all of these ideas to be ready to kick into gear at roughly the same time as […]
Data from Binance, the largest Ethereum reserve holder among exchanges, revealed that ETH supply on the platform declined while prices remained remarkably stable. Between the second half of August and September 3, the Exchange Supply Ratio (ESR), which measures the proportion of ETH held on exchanges relative to total supply, fell sharply from 0.041 to […]
After a strong rally last month that catapulted Ethereum to a fresh all-time high near $5,000, the altcoin suffered a choppy price action. However, Ethereum is making a push to reclaim the crucial $4,500 level, as deep-pocketed ETH whales quietly load up in the background. Whale Buying Spree Ethereum is seeing steady accumulation from mid-sized […]
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 […]