Ethereum (ETH) has been struggling lately, dropping 6.45% in the past week. Over the past few months, it has lost 16.57% of its value. Whale Liquidates Ethereum Holdings A crypto whale recently sold all of their 6,714 ETH tokens for $19.5 million. Despite the large profit, the investor actually lost $6.5 million based on the…
Despite recent criticism, Ethereum expert Ryan Berckmans believes we’re entering the “Age of Ethereum.” Ethereum’s Strengths Berckmans argues that Ethereum’s fundamentals are strong, despite challenges: Competition from Bitcoin’s Layer 2 (L2) apps: Berckmans dismisses these apps as inferior to Ethereum’s mature platform. Regulatory hurdles from the SEC: Berckmans believes the SEC won’t succeed in classifying…
Foundation’s Transactions The Ethereum Foundation recently transferred 1,000 ETH ($3 million) to a multi-signature wallet. This follows a series of transactions since early 2024, where the Foundation sold 1,766 ETH for DAI. Historical Significance The Ethereum Foundation has a history of selling ETH near market tops. In 2022, ETH dropped 40% after the Foundation sold…
Ethereum’s Bearish Fundamentals Ethereum’s price has been closely following Bitcoin’s downward trend. However, analysts believe that Ethereum has weaker fundamentals, suggesting a further decline. Liquidity Concerns Crypto analyst Shin Forex points out that liquidity is flowing away from Ethereum and towards Bitcoin. This indicates waning investor interest in Ethereum. Support Break The ETH/BTC pair has…
ETH/BTC Pair Faces Downward Trend Crypto expert Benjamin Cowen warns that the Ethereum/Bitcoin (ETH/BTC) pair is currently in a downtrend. He notes that in the past, similar declines have led to a 70% drop in ETHUSD. Cowen believes it’s crucial to caution the community about the potential for further downside risk, especially since the crypto…
Network Surge Ethereum’s network is seeing a surge in activity, with over 200,000 new addresses created on May 4th. This is the highest single-day growth in almost two years. The surge suggests growing interest in Ethereum, driven by DeFi and NFTs. Price Dip: Opportunity or Risk? Despite the network growth, Ethereum’s price has dipped to…
Ethereum has been underperforming lately, leaving investors wondering if its days as a top cryptocurrency are numbered. Weak Fundamentals Ethereum’s price has been stuck around $3,100, showing a lack of upward momentum. The cryptocurrency is closely tied to Bitcoin but has been underperforming despite Bitcoin’s record highs. Ethereum’s failure to deliver timely upgrades, such as…
Ethereum’s Ongoing Volatility The crypto market has been a rollercoaster lately, with Bitcoin and Ethereum moving in different directions. Bitcoin seems to be settling down, but Ethereum is still facing a lot of uncertainty, especially in the options market. Implied Volatility: A Measure of Uncertainty Implied volatility (IV) shows how much investors expect an asset’s…
The Whale’s Big Trade An Ethereum whale made a savvy move last year, buying 12,906 ETH for $24.39 million. Fast forward to today, with Ethereum trading at $3,100, that investment is now worth over $40 million, netting the whale a cool $16 million profit. Staking Rewards Boost But wait, there’s more! The whale staked those…
Ethereum, the second-largest cryptocurrency, has been facing uncertainty after a sharp price drop. Investors are worried as whales (large investors) are selling their Ethereum. Ethereum’s Struggles Ethereum’s price has been volatile, reaching highs in late 2021 but then crashing. It’s now hovering around $3,077, far from its peak. This is making investors, especially whales, nervous….
