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…
Dencun and EIP-4844 Ethereum is planning a major upgrade called Dencun in mid-March. This upgrade will include the implementation of EIP-4844, which introduces “blob-carrying transactions.” These transactions allow users to attach large amounts of data (blobs) to their transactions at a much lower cost than traditional Ethereum transactions. Impact on Layer-2 Solutions Ye Zhang, co-founder…
Unexpected Sell-Off The Ethereum Foundation, a non-profit, has sold 1,000 ETH to a single address, raising questions about the potential peak of the market. The foundation has been known to sell ETH at market highs. Large-Scale Transfers Other large ETH transfers have occurred recently, including Celsius Network’s $125 million sell-off in January. Such transfers can…
As Bitcoin approaches its all-time high, analysts are watching Ethereum closely. Ethereum’s Position Compared to Previous Bitcoin Breakout In 2020, when Bitcoin broke above $20,000, Ethereum was trading significantly below its previous high. Now, with Bitcoin nearing $70,000, Ethereum is closer to its all-time high of $5,000. Ethereum’s Potential Analysts believe Ethereum could follow a…
Exchange Exodus Data from IntoTheBlock shows that $906 million worth of Ethereum left crypto exchanges last week. This exodus indicates that traders are holding onto their ETH, anticipating higher prices. Ethereum Demand Surges Exchange data reveals that investors have been accumulating Ethereum since the beginning of the year. The recent outflows suggest that demand for…
Justin Sun, the founder of Tron, has been making significant crypto transactions lately. Ethereum Accumulation From February 12 to 24, Sun’s wallet acquired 168,369 ETH, worth approximately $580.5 million. This investment has currently yielded an unrealized profit of $95 million. With the rising demand for cryptocurrencies, especially Ethereum, the value of Sun’s ETH holdings is…
Strong Uptrend and Key Support Levels Ethereum (ETH) has been on a steady upward climb, with its price hovering around $3,743. It has surpassed its moving averages, indicating bullish momentum. Traders eagerly anticipate the breach of the $3,500 mark, a potential milestone towards the coveted $4,000 price tag. The 50-day moving average ($2,700) and 100-day…
Analyst Predictions Crypto analyst Altcoin Sherpa believes Ethereum (ETH) could soar to $4,000. Bitcoin Ape’s technical analysis also supports this prediction, indicating a strong bullish trend for ETH. Ethereum’s Bullish Momentum ETH has broken through several resistance levels in February, including the recent $3,130 mark. This suggests a sustained bullish momentum. Independent of Bitcoin’s Success…
Institutional investors are shifting their focus to Ethereum (ETH) over Bitcoin (BTC), showing a preference for the second-largest cryptocurrency. Institutional Interest in Ethereum Bybit’s research report reveals that institutions are allocating more funds to ETH compared to BTC. The rise in interest began in September 2023, with ETH trading around $2,000. Ethereum became the single…
Ethereum Whales Show Confidence in Long-Term Investment Ethereum whales have withdrawn a significant amount of ETH from exchanges, signaling confidence in the asset’s long-term value. A notable whale, labeled 0x8B94, withdrew 14,632 ETH (approximately $45.5 million) from Binance and staked it within six days. Two fresh whale wallets transferred 6,000 ETH (amounting to $18.7 million)…
