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
Ethereum
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
In recent days, Ethereum has seen a surge in investor accumulation, with the cryptocurrency currently hovering around $3,170. This accumulation trend has been reflected in on-chain data, showing a strategic movement of over $500 million worth of ETH leaving centralized exchanges over the past week. This withdrawal of half a billion dollars from exchanges marks
When analyzing the first quarter of 2024, it is evident that Ethereum (ETH) has not only experienced a significant price increase of nearly 100%, but the blockchain has also managed to generate profits totaling $369 million. This unexpected profitability raises questions about how a blockchain like Ethereum can be profitable. Token Terminal’s recent analysis highlights
The world of cryptocurrency has always been volatile, and Ethereum, the second-largest cryptocurrency by market capitalization, is no exception. Recently, Ethereum has faced significant price drops, hitting lows of $2,800 on April 12, amid a broader downturn in the crypto landscape. However, amidst this turbulence, a new and intriguing trend has emerged – the rise
The recent price decline in Ethereum, along with other cryptocurrencies, has been attributed to escalating tensions in the Middle East. This has caused uncertainty in the market as retail investors panic-sell their holdings. Despite this trend, on-chain data reveals a different narrative, where big player whales are taking advantage of the situation to accumulate assets.
The much-anticipated arrival of spot Ethereum exchange-traded funds (ETFs) in the US seems to be facing obstacles due to concerns surrounding regulatory approval from the Securities and Exchange Commission (SEC). Jan van Eck, CEO of investment firm VanEck, has expressed doubts about the possibility of SEC approval for spot Ether ETFs, citing a lack of
Trading expert Peter Brandt has recently shared his thoughts on the Ethereum vs. Bitcoin chart, offering valuable insights into the current market dynamics. Brandt, who previously criticized Ethereum as a “junk coin” and its supporters as “Etheridiots,” now seems to have a more optimistic view. He pointed out the presence of a potential bear trap
VanEck, a major player in the banking industry, has made a daring prediction regarding the future of Ethereum Layer-2 (L2) solutions. They have valued these solutions at an astonishing $1 trillion, highlighting the importance of efficiency gains and scalability improvements in blockchain technology. According to VanEck researchers, Ethereum Layer 2 scaling networks are expected to
