The recent series of large Ethereum (ETH) purchases attributed to a wallet potentially linked to Justin Sun, founder of the TRON blockchain and CEO of BitTorrent, has sparked speculation within the cryptocurrency community. The suspected wallet has acquired a total of 168,369 ETH, worth approximately $487 million, in just two weeks from both centralized exchanges
Ethereum
The price of Ethereum has been on a positive trajectory since the beginning of 2024, showing a significant increase of over 30% in less than two months. Recent on-chain data indicates that ETH investors are gaining more confidence in the market, suggesting that the rally in Ethereum’s price is likely to continue. According to a
Recent on-chain data from Spot On Chain has revealed the intriguing activities of an Ethereum whale, causing a stir within the ETH community. The whale address in question has been involved in substantial accumulation, with a total purchase of 64,501 ETH over the past three days. This amounts to approximately $187 million at current market
One crypto investor, Fred Krueger, has boldly stated that he believes Ethereum is currently overvalued at its current spot rates. This sentiment comes amidst Ethereum’s native currency, ETH, breaking above the $3,000 mark. Krueger has criticized Ethereum supporters, claiming that they are “detached from reality.” He points to a number of factors to support his
In the rapidly evolving world of cryptocurrencies, Ethereum stands out as the second-largest digital currency, sparking excitement among investors. Michaël van de Poppe, CEO of MN Trading, has made a bold prediction regarding Ethereum’s future, suggesting a significant climb in value to potentially reach the range of $3,800 to $4,500. This positive forecast has gained
The recent surge in the price of Ethereum (ETH) to over $3,000 has sparked excitement within the crypto community. However, amidst the celebrations, renowned Bitcoin ETF expert Fred Krueger has raised skepticism about the current valuation of ETH. Krueger, a Wall Street veteran and prop trader, took to social media to express his concerns, stating
Global asset management firm, Bernstein, recently expressed optimism regarding the approval of an Ethereum Spot ETF by the United States Securities and Exchange Commission (SEC). In a research report released on February 19, analysts Gautam Chhugani and Mahika Sapra highlighted Ethereum as a potential candidate for an ETF approval, following Bitcoin. Despite the uncertainty surrounding
Recently, Ethereum has surged beyond the $2,900 mark, showing a clear indication of independent price movement compared to Bitcoin. While Bitcoin has been on a sideways trajectory, Ethereum has gained almost 4% in the past 24 hours, reaching levels not seen since the beginning of May 2022. This surge has resulted in Ethereum investors enjoying
Ethereum (ETH), currently the second-largest cryptocurrency globally, is making significant progress this week as it inches closer to the highly anticipated $3,000 mark. This bullish momentum has sparked speculation among experts, wondering if ETH could potentially reach an impressive $4,000 by the end of February. One of the factors contributing to this positive sentiment is
— In recent times, Ethereum has experienced a significant increase in its market price, reaching a one-month high, and signaling a growing demand for the cryptocurrency. Lookonchain, an on-chain analytics platform, has recently shed light on an intriguing investment strategy employed by an anonymous Ethereum whale. This whale has been actively accumulating Ethereum by utilizing