Strategic Accumulation As Ethereum’s price dipped, “whales” (large investors) jumped at the opportunity to buy. One whale, known as “0x435,” spent a whopping $70 million to acquire 23,790 ETH at a price of around $2,930. Timing is Everything The whale’s actions were part of a broader trend of Ethereum accumulation by large holders. On-chain analytics…
Market Downturn Ethereum, like other cryptocurrencies, has been hit by a price drop due to rising tensions in the Middle East. Whale Accumulation Despite the panic selling by retail investors, “whales” (large investors) are buying Ethereum at low prices. Specific Whale Transactions One whale withdrew 62,141 ETH ($202.6 million) from Binance in the past five…
SEC Silence Raises Concerns The highly anticipated approval of spot Ethereum exchange-traded funds (ETFs) in the US is facing a setback. Jan van Eck, CEO of VanEck, believes the SEC is likely to reject their application due to the agency’s lack of communication. Bloomberg Analyst Downgrades Odds Eric Balchunas, a Bloomberg ETF analyst, has lowered…
Ethereum’s Decline Against Bitcoin Trading expert Peter Brandt has weighed in on the recent decline in Ethereum’s value against Bitcoin. He suggests that the ongoing drop could be a “bear trap,” meaning it may entice sellers to short Ethereum, only to see it reverse unexpectedly. Bullish Signals Amid the Downturn Despite the decline, bullish signals…
Investment firm VanEck predicts that Ethereum Layer 2 (L2) solutions could reach a market cap of $1 trillion by 2030. L2s: Boosting Efficiency and Scalability L2s are designed to improve the efficiency and scalability of the Ethereum blockchain by processing transactions off the main network. This allows them to handle more transactions at a lower…
Ethereum’s Bullish Momentum Ethereum has been holding steady above $3,500, with investors hoping for a return to $4,000. This optimism has driven up Ethereum’s open interest to record levels. Open Interest Explained Open interest measures the total number of open positions in a contract. Ethereum’s open interest has surged since February 5th, reaching a new…
Ethereum is on the cusp of reaching $4,000, but faces a potential roadblock: the US Securities and Exchange Commission (SEC). Technical Analysis Points to $4,000 Milestone Analyst Captain Faibik believes Ethereum’s price chart shows a bullish pattern, suggesting a breakout above $4,000. This optimism is based on a descending wedge pattern, indicating an end to…
Despite a strong start to the month, Ethereum’s price has struggled to hold its ground. Concerns over regulation have added to the bearish sentiment surrounding the cryptocurrency. Ethereum Flowing to Exchanges Data from CryptoQuant reveals that over $913 million worth of Ethereum has been transferred to centralized exchanges in March. This is the highest monthly…
Ethereum’s network has been buzzing with activity lately, with more people using it and more transactions happening every day. But despite this, the price of Ethereum (ETH) has been going down. Surge in Network Activity More activity on a network usually means more demand, which is good for the price. And Ethereum has seen a…
Price Movement Ethereum (ETH) has recently dipped below the 100-day Moving Average (MA) in both the 1-hour and 4-hour timeframes. This suggests a potential downward trend. Indicators Support and Resistance: Support is at $3,067, while resistance is at $3,681 and $3,591. 4-Hour RSI: The RSI signal line is below 50, indicating a downward trend. 4-Hour…
