Ethereum has surged ahead of Bitcoin in recent weeks, reaching a peak of $3,130, its highest level since April 2022. While Bitcoin has been consolidating, Ethereum has been on a bullish run, jumping over 7% in the past week. Positive Funding Rates Indicate Bullish Sentiment The ETH funding rate, which tracks fees exchanged between traders…
PANDORA, the first token to use the Ethereum ERC-404 token standard, recently experienced a significant price surge, rising around 50% to clear $24,000. Several factors contributed to this rally. Whale Activity Significant whale activity was observed in the days leading up to the price surge. On February 20, a whale spent $4.89 million to purchase…
Bitcoin and Ethereum: A Valuable Insight Crypto analyst Rager recently shared valuable insights for Bitcoin and Ethereum investors ahead of the upcoming bull run. He believes that the best time to invest in these two crypto tokens is around the Bitcoin Halving. Rager predicts a “nice dip” between now and May, presenting an ideal opportunity…
A Series of Large Purchases The cryptocurrency community is buzzing about a series of large Ethereum (ETH) purchases linked to a wallet potentially belonging to Justin Sun, founder of the TRON blockchain and CEO of BitTorrent. According to blockchain analytics firm Lookonchain, the suspected wallet recently acquired another 13,780 ETH, valued at approximately $41.24 million….
After a prolonged period of weakness against Bitcoin, Ethereum is showing signs of strength and could be poised for a significant move. Key Findings: Ethereum/BTC Chart Pattern: Raoul Pal, a renowned financial expert, highlights a compelling dual-chart pattern in the ETH/BTC trading pair. The formation of a “mega wedge” and an inner descending channel sets…
Key Takeaways: Ethereum’s price has surged over 30% in 2024, showing investor confidence. Over 800,000 ETH ($2.4 billion) has flowed out of cryptocurrency exchanges since the start of the year. The decrease in ETH’s exchange reserve balance could be a bullish catalyst for its price. Grayscale attributes Ethereum’s positive performance to the upcoming Dencun upgrade….
Ethereum has once again broken above the $3,000 mark, after previous attempts failed due to FOMO (fear of missing out). Brief Recovery In the past day, Ethereum (ETH) has rallied 3%, breaking back above $3,000. This is the third attempt at this level, with the previous two resulting in brief surges followed by retracements. Recent…
Whale Accumulation An Ethereum whale has purchased 64,501 ETH in the past three days, worth roughly $187 million. The whale acquired 13,526 ETH at an average price of $2,947 per ETH, adding to their substantial holdings. The whale withdrew 10,136 ETH from Binance while purchasing 3,390 ETH from 1inch. The whale’s wallet holds a total…
Fred Krueger, a crypto investor, believes Ethereum is overvalued at current prices. He refers to Ethereum’s declining on-chain activity, competition from alternatives like Solana and Avalanche, and regulatory uncertainty as reasons for its high valuation. Ethereum’s Challenges Krueger argues that Ethereum’s on-chain transactions are slow and expensive compared to scalable and low-fee alternatives. He also…
Analyst’s Bold Prediction Michaël van de Poppe, CEO of MN Trading, has predicted a surge in Ethereum’s value, projecting a range of $3,800 to $4,500. This bullish outlook comes as Ethereum currently trades around $2,980, outperforming Bitcoin amidst market challenges. Factors Driving Momentum Van de Poppe highlights several factors contributing to Ethereum’s bullish momentum: Outperformance…
