The Ethereum (ETH) market is currently bracing itself for a potential sell-off worth a staggering $1 billion. This monumental transaction is the result of actions taken by Celsius, a crypto lender that recently filed for bankruptcy. On-chain analyst Lookonchain has reported that Celsius initiated the transfer of 459,561 ETH, which is estimated to be valued
Ethereum
Ethereum, the second-largest cryptocurrency by market capitalization, is poised for a potential bullish phase according to Michael van de Poppe, a prominent crypto analyst. One of the key factors he identifies is Bitcoin’s current behavior. As the market leader, Bitcoin’s recent signs of bottoming out tend to precede altcoin rallies, which hints at a potential
The cryptocurrency market has been experiencing a bearish sentiment recently, causing concern among investors and traders. However, one crypto analyst, Elja on X, believes that Ethereum (ETH) will defy the current downtrend and reach an astonishing $15,000 by 2025. This bold prediction is based on technical analysis and the observation of a similar fractal pattern
Phishing scams have become a prevalent issue in the world of cybersecurity, leaving users cautious about clicking on suspicious links or opening unfamiliar emails. Recently, there has been a significant increase in phishing attacks targeting web3 companies and their users. On January 23, users of Wallet Connect and other web3 companies received alarming news about
An Ethereum (ETH) whale has recently executed a series of transactions, carrying out a considerable movement of funds across various platforms. The blockchain analytics platform Spot On Chain initially brought to light this activity, involving roughly $46.02 million in ETH tokens. The whale, operating through a network of eight wallets, initiated the withdrawal of these
The recent approval of Spot Bitcoin ETFs by the United States Securities and Exchange Commission (SEC) has created anticipation in the crypto space for the potential entry of more ETFs, particularly Spot Ethereum ETFs. However, analysts at JP Morgan have provided a less than optimistic outlook for the approval of Ethereum Spot ETFs. In a
Péter Szilágyi, a prominent Ethereum (ETH) developer, recently praised EIP-1559 and its groundbreaking ETH burning mechanism, hailing it as “the great equalizer.” Szilágyi took to X on January 16 to express his admiration for EIP-1559’s ability to level the playing field between validators and regular users within the Ethereum ecosystem. This cutting-edge proposal has indeed
Amidst the lull in the realm of Bitcoin, Ethereum emerges as a trailblazer, confidently charting its course. While the crypto king takes a breather following its ETF approval, Ethereum, undeterred, is experiencing a surge in both price and dominance, propelled by an influx of new users and the prevailing trend of self-custody. Recent data from
The crypto market is known for its volatility, but amidst this turbulence, Ethereum (ETH) is stepping into the spotlight and outperforming its long-time rival Bitcoin (BTC). Market data from Kaiko reveals that the ETH/BTC ratio has been steadily rising, marking a rebound from multi-year lows. This ratio is a gauge of market sentiment towards these
It has been a roller coaster ride for ENS (Ethereum Name Service) investors. As of this writing, ENS is trading for $24.63, down nearly 4% in the last 24 hours. The project has a market capitalization of $761 million, with a 31 million ENS supply in circulation. However, just a few months ago, ENS was