After experiencing a sharp drop to as low as $2,200 in early August, Ethereum (ETH) has shown signs of recovery. Data from Glassnode suggests that the market value to realized value (MVRV) lowest pricing level for Ethereum is at $1,687, indicating that the crypto has potentially bottomed out. This metric predicts how high or low
Ethereum
Samuel Edyme, fondly known as HIM-buktu, is more than just a web3 content writer, journalist, and aspiring trader. His journey into the world of crypto was not the smooth sailing success story that many may expect. In fact, it began with a scam that piqued his interest in the market, setting him on a path
Semilore Faleti is a prominent figure in the field of cryptocurrency journalism, with a specialization in content creation and reporting. His journey in the industry began with writing on various topics, but he quickly transitioned into focusing on the complexities of blockchains and digital assets. Semilore’s passion for the efficiency of digital assets in storing
Ethereum has been facing significant selling pressure, struggling to recover from the weakness experienced in early August. Despite sporadic moments of strength post the sell-off on August 5, Ethereum’s prices are still hovering below the $2,800 mark. The daily chart shows some bullish resilience, with buyers managing to withstand the selling pressure and keeping prices
Opeyemi is a skilled writer and an enthusiast in the exciting and unique realm of cryptocurrencies. Although the digital assets industry was not his first choice, he has been absolutely drawn into the space for over two years now. Opeyemi takes pride in creating unique pieces that unravel the complexities of blockchain technology and shares
Samuel Edyme, also known as HIM-buktu, is a multifaceted individual with a background in web3 content writing, journalism, and trading. His path into the world of cryptocurrencies was not paved with success from the start. In fact, it began with a Ponzi scheme that lured him in with crypto payments. Instead of being deterred by
The cryptocurrency market has always been volatile, and Ethereum (ETH) has been no exception to the challenges. Despite being the second-largest cryptocurrency, ETH has been facing significant headwinds lately. According to crypto analyst Ali Martinez, some of the largest Ethereum whales, who hold over 10,000 ETH, have been consistently selling their tokens over the past
Ethereum has been facing challenges in keeping up with other cryptocurrencies such as Bitcoin and Solana. It has experienced a decline of 47% against Bitcoin and has been outperformed by Solana by 6.8x since early 2023. The reasons for this underperformance are debated, but some key factors include the easier narrative of “digital gold” around
Samuel Edyme, also known as HIM-buktu, is a multifaceted individual with a background in web3 content writing, journalism, and trading. His entry into the world of cryptocurrencies was not a smooth one, as he fell victim to a Ponzi scheme in the early stages of his career. Instead of being deterred by this setback, Edyme
Ethereum has been facing significant challenges due to the bearish pressure in the crypto market, leading to multiple crashes that pushed the price back towards $2,000. Despite this, a crypto analyst named RLinda has provided a promising analysis on TradingView, suggesting that Ethereum could be gearing up for another rally towards its previous highs. The
