Recent exchange data has shown a significant increase in bullish sentiment among Ethereum traders. According to IntoTheBlock, a total of $906 million worth of Ethereum was withdrawn from crypto exchanges last week, indicating a strong holding mentality among investors. This mass exodus of ETH from exchanges suggests that traders are anticipating higher prices and are
Ethereum
Justin Sun, the co-founder of Tron, a smart contracting platform for deploying decentralized applications (dapps), has been making significant moves in the crypto market. According to Lookonchain data on February 29, Sun transferred 100 million USDT to Binance after moving substantial sums earlier in the week. This strategic maneuver indicates Sun’s active participation in the
Crypto analyst Rager recently shared some valuable insights for investors looking to enter the Bitcoin and Ethereum markets before the anticipated bull run. According to Rager, the optimal time to go all in on these two major crypto tokens is approaching. He suggested that the “last great opportunity for this cycle” will coincide with the
The recent surge of Ethereum purchases attributed to a wallet potentially linked to Justin Sun, founder of TRON and BitTorrent CEO, has caused a stir in the cryptocurrency community. The wallet in question acquired 13,780 ETH, valued at around $41.24 million, adding to a total of 168,369 ETH worth approximately $487 million. These acquisitions were
The price of Ethereum has been on an upward trajectory since the beginning of 2024, showing a significant increase of over 30% in less than two months. Recent on-chain data indicates that ETH investors are feeling more confident in the market, suggesting that the rally in Ethereum’s price may continue. An analyst on CryptoQuant’s Quicktake
In a recent analysis by Spot On Chain, a significant Ethereum whale has been identified engaging in notable accumulation activity that has caught the attention of the ETH community. The whale address in question has reportedly purchased a total of 64,501 ETH over the past three days, translating to a substantial $187 million at current
In a recent analysis by crypto investor Fred Krueger, Ethereum’s valuation at spot rates has come under scrutiny. Krueger argues that Ethereum is overvalued, with supporters being “detached from reality” as the native currency recently surpassed $3,000. One of the key points raised by Krueger is the declining on-chain activity in Ethereum, along with the
The recent surge in Ethereum’s price has sparked renewed interest in the crypto community, but Fred Krueger, an experienced Bitcoin ETF specialist, has raised doubts about the validity of this valuation. Krueger’s analysis points to a troubling trend in the usage of the Ethereum blockchain, highlighting a significant drop in daily active users from 120K
The world of cryptocurrencies is ever-changing and full of excitement, especially in the case of Ethereum, the second-largest digital currency. With CEO Michaël van de Poppe’s bold prediction of Ethereum potentially surging to $3,800 to $4,500, investors are buzzing with enthusiasm. This optimistic forecast comes at a time when Ethereum’s current valuation stands at around
Bernstein, a global asset management firm, recently expressed confidence in the approval of an Ethereum Spot ETF by the US Securities and Exchange Commission (SEC). The analysts at Bernstein, Gautam Chhugani and Mahika Sapra, believe that Ethereum has a strong chance of being the second digital asset after Bitcoin to receive a Spot ETF approval