Bitcoin and Ethereum have been super volatile lately, leading to a lot of trading activity. This has caused open interest (the total number of outstanding derivative contracts) for both to skyrocket. Let’s look at what this means. Open Interest at Near Record Highs In late August, Ethereum’s price surged, hitting a new all-time high above…
Ethereum (ETH) has been on a rollercoaster ride lately. After hitting a high of nearly $5,000 in August, it’s now trading around $4,000. But some analysts are still bullish, predicting a significant price jump. Will ETH Reach $5,500? One analyst from CryptoQuant points to a few key factors supporting a potential rise to $5,500: Illiquid…
Tom Lee, chairman of BitMine, predicts a massive surge in Ethereum’s price, potentially reaching $62,500. His prediction is based on a complex calculation involving ratios and the potential for Ethereum to become the backbone of Wall Street’s financial system. The Ratio Game Lee’s analysis focuses on the ratio between Ethereum (ETH) and Bitcoin (BTC). He…
Ethereum is having a big week, trying to stay above $4,400. It’s been a bumpy ride lately, with a lot of selling, leaving investors a bit nervous. But despite the uncertainty, big investors are piling into Ethereum, showing they still believe in it long-term. Whale Alert: $1.1 Billion Invested! The big news? Whales (crypto investors…
Matt Hougan, CIO of Bitwise, recently revealed a surprising trend: many institutional investors are choosing Ethereum (ETH) as their first crypto investment, bypassing Bitcoin (BTC) altogether. This is a significant shift, as Bitcoin has traditionally been seen as the gateway to the crypto world. Why Ethereum Over Bitcoin? Hougan explains this trend by comparing Bitcoin…
Ethereum (ETH) is hanging tough around $4,400, showing resilience even though the market’s been a bit shaky lately. The price is kind of stuck in a holding pattern right now, with buyers and sellers in a stalemate. Is This a Dip or a Setup? Some folks think ETH might drop below $4,000, pointing to slowing…
A massive amount of Ethereum (ETH) was recently purchased by a major Bitcoin whale, causing quite a stir in the crypto market. Let’s break down what happened and what it might mean. A Whale’s Big Buy One of the biggest players in the Bitcoin world secretly bought a whopping 820,220 ETH over two weeks—that’s roughly…
Ethereum co-founder Joe Lubin recently made some bold predictions about Ethereum’s future, suggesting a massive price increase and a shift in the cryptocurrency landscape. Lubin’s Bullish Outlook Lubin believes Ethereum’s price could increase by a factor of 100. He envisions a future where major financial institutions like JPMorgan (who’ve been involved with Ethereum since 2014-2015)…
Ethereum is currently holding its own amidst a bearish crypto market, defying the downward trend affecting most other altcoins. Let’s dive into the details. Ethereum’s Unexpected Strength Despite recent selling pressure and a general market downturn, Ethereum (ETH) is showing remarkable resilience. While Bitcoin and other cryptocurrencies are struggling, ETH is bucking the trend, maintaining…
Ethereum has been a bit of a rollercoaster lately. After hitting record highs, it dropped over 11%, leaving investors wondering what’s next. Is this a temporary dip before another climb, or the start of something bigger? Strong Fundamentals Amidst Volatility Despite the price drop, Ethereum’s underlying strength is undeniable. On-chain activity is booming, showing the…
