Ethereum has been experiencing a decline in its ETH burn rate, reaching an annual low in April. This reduction in burn rate is primarily attributed to the decrease in network transaction fees, which have dropped significantly in recent weeks. The daily burned ETH has seen a sharp decrease, signaling a shift in Ethereum’s economic model.
Ethereum
As the cryptocurrency market continues to evolve, crypto analysts like Benjamin Cowen are constantly trying to predict the future trends of various coins. Cowen recently shared his thoughts on the Ethereum to Bitcoin price ratio, suggesting that ETH/BTC will hit its lowest value in the current market cycle under certain conditions. This prediction is based
Ethereum (ETH) has finally shown signs of life as it surged to $3,300 over the weekend, marking a potential trend reversal for the crypto token. Crypto analyst Derek pointed out the positive signals on Ethereum’s Moving Average Convergence/Divergence (MACD) indicator, indicating an end to the decline and a change in direction. Additionally, the Ethereum Dominance
Ethereum, the world’s second-largest cryptocurrency, has recently experienced a significant drop in transaction fees, as reported by Santiment, a leading crypto analytics platform. The average transaction fee on the Ethereum network has plummeted to just $1.12, the lowest it has been since October 18th, 2023. This sudden decrease in fees has sparked discussions among cryptocurrency
The recent increase in Ethereum withdrawals from centralized exchanges is a clear indication of the direction of investor sentiment in the current crypto market. With a significant amount of ETH being withdrawn, it is crucial to analyze what this could mean for the price of Ethereum. Investors are taking proactive steps to secure their positions
In the last 24 hours, Ethereum (ETH) has seen a notable decrease in price, dropping by 5%. This decline is believed to be linked to the looming rejection of Ethereum ETFs by the US Securities and Exchange Commission (SEC) scheduled for May. The rejection of these highly anticipated ETFs is likely to have a significant
Ethereum (ETH), the second-largest cryptocurrency by market cap, seems to be on the verge of a significant market recovery, driven by recent purchases believed to have been made by Justin Sun, the founder of Tron. Sun’s buying spree has once again brought attention to the bullish sentiment among crypto whales towards Ethereum, despite the price
In recent times, data has indicated that Ethereum Open Interest has been trading at relatively low levels. Open Interest refers to the total number of derivative-related contracts open for Ethereum on all exchanges. When this metric increases, it suggests that investors are opening new positions on these platforms, leading to higher market leverage and potential
Recent reports in the blockchain space have revealed the presence of a new Ethereum (ETH) whale that has been actively purchasing large amounts of ETH. Speculations suggest that this whale, responsible for buying over $405 million worth of ETH since March 31, could be none other than Tron founder Justin Sun. The whale in question
The recent volatility in the crypto market has left many investors uncertain about the future trajectory of Ethereum (ETH). Despite this, data from Coinglass suggests that the majority of Ethereum investors and traders remain bullish on the second-largest crypto token. This is evident in the fact that most traders have continued to open long positions
