The crypto market is going through a rough patch right now, with Bitcoin and Ethereum seeing a big drop in active users. This trend has been happening all year and has some people worried about the future of these popular cryptocurrencies. Fewer People Are Using Crypto Data shows that the number of active Bitcoin and…
Ethereum is Still the King, But Solana Has Its Advantages EigenLayer, a platform that lets you stake your Ethereum in a more flexible way, is a big believer in Ethereum. Their founder, Sreeram Kannan, thinks Ethereum is better than Solana, even though Solana is gaining popularity. Kannan argues that Solana focuses too much on speed…
Is Ethereum Poised for a Rally? A recent surge in the Ethereum taker buy/sell ratio has analysts buzzing. This ratio measures the balance between buyers and sellers in the market. When it’s above 1, it means more people are buying Ethereum than selling, which is generally a good sign. The Shift in Sentiment For months,…
Ethereum’s network activity has been cooling off lately, with a significant drop in new active addresses. This suggests that fewer people are using the network, which could be a sign of waning interest or investor confidence. Fewer New Users Joining the Party The number of new Ethereum addresses has plummeted by over 43% in the…
Ethereum, the second biggest cryptocurrency, has been struggling to get back above $3,000 since August. It’s been hanging around $2,600 for a while, but things might be looking up. A Bullish Signal: Funding Rates Analysts are seeing a positive change in Ethereum’s funding rates. This means traders are becoming more confident in the price going…
Ethereum’s future looks bright, according to some analysts. A recent shift in Ethereum’s futures market is making people think the price might go up soon. What’s the Deal with Funding Rates? Funding rates are a key indicator in the futures market. They tell us if people are mostly buying or selling a cryptocurrency. A positive…
Big Players Are Making Moves Ethereum has been following Bitcoin’s lead in price action for a while now, but things might be changing. In the last week, Ethereum has surged by 13%, outperforming Bitcoin’s 5.8% gain. And it seems like some big-time Ethereum holders are behind this move. Data from on-chain analytics platforms shows a…
A big-time Ethereum investor, nicknamed a “Diamond Hand” whale, just moved a whopping 15,000 ETH to a major exchange. This move has everyone in the crypto world talking. The Whale’s Moves This anonymous whale transferred their ETH to Kraken, a popular crypto exchange. They’re known for holding onto their coins for a long time, no…
Ethereum is on a roll, gaining over 5% in the last day and almost 10% in the past week. The price has broken through a key resistance level, now acting as support, at $2,400, giving traders a lot of confidence. Big ETH Transfers: A Sign of Selling Pressure? However, there’s a bit of a wrinkle….
Ethereum has been going through a rough patch lately, with its price not doing so well. A lot of people were hoping that Ethereum exchange-traded funds (ETFs) would boost its price, but that hasn’t happened yet. Ethereum: Still a Top Dog? Despite the recent slump, some experts are still bullish on Ethereum. Matt Hougan, a…
