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 With a significant amount of ETH being withdrawn, it is crucial to analyze what this could mean for the price of Ethereum.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
Ethereum
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
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.
