Risk Reversals Hint at Investor Concerns As Ethereum prepares for the Dencun upgrade, QCP Capital warns of a negative trend in “risk reversals.” This suggests investors are hedging against a potential price decline. The increased interest in put options, which protect against losses, reflects growing concerns. Market Leverage and Correction Fears The market’s high leverage…
Ethereum has released a major upgrade called “Dencun” that aims to make using the network more affordable. This upgrade focuses on Layer 2 (L2) networks like Arbitrum, Polygon, and Coinbase’s Base, which connect to Ethereum. Cost Savings Dencun significantly reduces transaction costs on L2 networks. Fees have dropped from dollars to cents or even fractions…
Ethereum is on the rise, and crypto analyst Ali Martinez predicts it could reach $5,000 soon. Resistance Ahead While Ethereum is currently hovering around $4,000, it faces some resistance at $4,522-$4,646. This resistance comes from 600,000 addresses holding a significant amount of ETH. Bullish Indicators Despite the resistance, Martinez believes Ethereum’s bullish momentum will continue….
Ethereum (ETH) has been on a roll, exciting investors but also raising concerns. Positive Factors ETF Approval: The potential approval of an Ethereum ETF could bring in billions of dollars from institutional investors. Bitcoin Halving: The upcoming Bitcoin halving could boost the entire crypto market, including Ethereum. Increased Short-Term Holders: Data shows a surge in…
Cost Reductions for Layer 2 Networks The upcoming Dencun upgrade for Ethereum will bring major cost savings to Layer 2 networks like Arbitrum and Polygon. Transactions that once cost $1 could now cost as little as a cent, making them much more accessible. Blobs: New Data Storage System Dencun introduces “blobs,” a new way for…
XRP, the cryptocurrency behind the Ripple network, has had a wild ride. After a year of ups and downs, including a major lawsuit, XRP is at a turning point. Technical Indicators Hint at Breakout Analysts are watching XRP’s price closely. It seems to be forming a “symmetrical triangle” pattern, which often leads to a big…
Whale Activity and On-Chain Buying Ethereum (ETH) has seen a bullish weekend, with a 4.31% price surge in the last day. This rally is attributed to increased Ethereum accumulation by whales. Wallets linked to PulseChain and PulseX have purchased 163,295 ETH in just four days, totaling $621 million DAI. Additionally, a high whale trade volume…
Ethereum Altcoins with High Whale Activity According to on-chain data from Santiment, several Ethereum-based altcoins have been experiencing significant whale activity. The “whale transaction count” measures the number of transactions worth $100,000 or more, indicating whale involvement. Altcoins with Notable Whale Transactions The following altcoins have recently seen a surge in whale transaction count: Fantom…
Ethereum is leading the charge in the financial revolution. Experts believe it’s still undervalued and has room to grow. Institutional Interest Institutional investors are showing more interest in Ethereum, especially with the upcoming Bitcoin halving and Bitcoin ETFs. Robby Greenfield predicts Ethereum could reach $10,000 this year due to increased buying pressure from institutions. Regulatory…
Ethereum’s Recovery After Bitcoin hit a record high, Ethereum (ETH) surged above $3,800. However, it later crashed by over 10%. But ETH has bounced back and reached $3,900 for the first time in over two years. The Rally Ethereum surged above $3,800 on Thursday, but then lost momentum and dropped to $3,360. However, it has…
