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
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
Wall Street titan Franklin Templeton has taken a step towards expanding the availability of cryptocurrency investment products by applying for an Ethereum Spot Exchange-Traded Fund (ETF). This move comes after the struggle to gain approval for their Bitcoin Spot ETF in January. Asset managers have increasingly shown interest in Ethereum ETFs since the United States
In a surprising turn of events, Ethereum co-founder Jeffrey Wilcke’s wallet recently made a significant deposit of 4,300 ETH to a cryptocurrency exchange. This deposit, valued at approximately $41.1 million, has sparked renewed interest and excitement in the market. Despite its magnitude, the overall trend of Ethereum’s netflow has remained unaffected. Interestingly, this deposit comes
The options market for Ethereum (ETH) has been displaying a significant pattern that catches the attention of traders. Recent data from Deribit, a leading platform for crypto futures and options trading, points towards a concentrated accumulation of call options for ETH centered around the $4,000 strike price. This concentration is observed for both the June
Prometheum, a New York-based “alternative” trading platform for crypto “securities,” has made a significant announcement regarding the launch of its custodial services specifically for Ethereum (ETH). This move has far-reaching implications for the legal status of Ethereum, the second-largest cryptocurrency by market capitalization. Unlike other articles paraphrasing the original piece, we will critically analyze the
The disappointing performance of the ETH price over the past year has not deterred the rise of Ethereum staking. In fact, liquid staking protocols like Lido Finance have witnessed a continuous surge in the amount of ETH being staked, contributing to a new all-time high in the total amount of supply being locked. Lido Finance
The recent surge in Ethereum’s price, breaking past the $2,400 barrier, has caught the attention of many investors and analysts. On-chain data reveals an interesting correlation between the price movement and the exchange netflow indicator. This metric tracks the net amount of Ethereum entering or exiting centralized exchanges, providing valuable insights into investor behavior. The
Ethereum (ETH) is making significant strides in its 2024 roadmap with the successful launch of the Dencun upgrade on the final Holesky testnet. This upgrade aligns with Ethereum’s broader strategy to enhance scalability and reduce transaction costs for its users. With the successful implementation of the Dencun upgrade, Ethereum is expected to see improvements in