Ethereum, the second-largest cryptocurrency by market capitalization, has recently broken past the $2,400 barrier, indicating a bullish signal. This bullish momentum is supported by on-chain data, particularly the Ethereum exchange netflow indicator. This article will delve into the relationship between the Ethereum price and the exchange netflow to analyze its implications for the cryptocurrency’s value.
Ethereum
The recent launch of the Dencun upgrade on Ethereum’s final Holesky testnet marks a significant milestone in the platform’s 2024 roadmap. This upgrade is an important step towards improving transaction efficiency, scalability, and reducing transaction fees by up to 90%. Ethereum has experienced a surge of 2.9% in the past 24 hours, breaking its previous
Ethereum (ETH), the second largest cryptocurrency asset, has been gaining bullish momentum and is expected to undergo a significant price surge in the coming months. In a recent episode titled “Ethereum price is still ready to explode” on YouTube, Altcoin Daily crypto analysts highlighted three major factors that could propel the price of Ethereum to
In recent weeks, Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, has experienced a significant exodus from centralized exchanges. This trend indicates a growing preference among investors to hold their ETH outside of trading platforms. Data suggests that the outflow of ETH from exchanges has been substantial, with a staggering $500 million worth of
The Securities and Exchange Commission (SEC) is on the verge of adopting a similar approach to Bitcoin exchange-traded funds (ETFs) when it comes to approving spot Ethereum ETFs. Standard Chartered Bank analysis predicts that approval will be granted on the initial final deadline of May 23. This article analyzes the potential approval of spot Ethereum
In a move that could have significant implications for the Ethereum market, Celsius, a bankrupt crypto lender, has initiated a transfer of 459,561 ETH, valued at approximately $1.014 billion, to various exchanges. This sizeable distribution includes 297,454 ETH ($656.5 million) sent to Coinbase Prime, 146,507 ETH to Paxos Treasury, and smaller amounts of 7,800 ETH
Ethereum, the second-largest cryptocurrency by market capitalization, may be on the brink of a bullish phase. Crypto analyst Michael van de Poppe has identified three key factors that could potentially drive Ethereum’s value to new heights. These factors include Bitcoin’s market behavior, the growing anticipation surrounding spot Ethereum exchange-traded funds (ETFs), and Ethereum’s upcoming network
In a recent analysis, crypto analyst Elja on X makes a bold prediction, stating that Ethereum (ETH) will soar to an impressive $15,000 by 2025 based on technical analysis. While this forecast may be enticing for Ethereum enthusiasts, it is essential to critically examine the arguments put forth by the analyst and consider various factors
Online scams and phishing attacks have always plagued the internet, and the world of cryptocurrencies is no exception. Recently, a phishing scam targeted the email addresses of official web3 companies, resulting in the theft of thousands of funds from crypto wallets. This article delves into the details of the attack and explores the vulnerabilities that
An Ethereum (ETH) whale has recently made a splash in the crypto market with a series of transactions involving a significant movement of funds. Spot On Chain, a blockchain analytics platform, unveiled this intriguing activity that amounted to approximately $46.02 million in ETH tokens. The whale, using a network of eight wallets, initiated withdrawals from
