A recent prediction by a crypto analyst has shed light on the possible future of Ethereum against Bitcoin. Benjamin Cowen, the founder of ITC Crypto, has shared insights on the market conditions, drawing parallels between the present market and the one seen in 2019. According to Cowen, the recent bounce in the ETH/BTC ratio mirrors
Ethereum
Ethereum (ETH) recently experienced a price increase, rising to $3,300 over the weekend. This surge in price is seen as a potential trend reversal for the cryptocurrency, with various bullish signals indicating positive momentum. An analyst pointed out that indicators like the Moving Average Convergence/Divergence (MACD) have shifted upward, suggesting an end to the decline.
Ethereum, the world’s second-largest cryptocurrency by market capitalization, has experienced a significant decline in transaction fees, according to a recent analysis conducted by Santiment, a reputable crypto analytics platform. The report revealed that the average transaction fee on the Ethereum network has dropped to a mere $1.12, marking the lowest daily average cost since October
Ethereum withdrawals from centralized exchanges have seen a significant increase in the past week, indicating a shift in investor sentiment towards the cryptocurrency. The volume of ETH being withdrawn from exchanges speaks volumes about the confidence that investors have in the future price prospects of Ethereum. This trend is particularly interesting given the prevailing uncertainty
The past 24 hours have seen Ethereum (ETH), the second-largest cryptocurrency by market capitalization, undergo a significant 5% price drop. This drop has been linked to the growing speculation surrounding the potential rejection of highly anticipated Ethereum ETFs by the US Securities and Exchange Commission (SEC) in the upcoming May deadline. According to a recent
Recently, there have been suspicions that Tron’s founder, Justin Sun, has been making significant purchases of Ethereum (ETH), resulting in a potential market recovery for the second-largest cryptocurrency by market cap. Wallet analyses have revealed that a mysterious wallet, believed to belong to Sun, has acquired a substantial amount of ETH from various exchanges since
The Ethereum Open Interest has been trading at lower levels recently, which could potentially have implications for the asset’s price. Open Interest refers to the total number of derivative-related contracts open for Ethereum on all exchanges. When this metric goes up, it indicates that investors are opening new positions on these platforms, leading to increased
Recent reports have indicated that a new Ethereum (ETH) whale has been actively purchasing large amounts of ETH since March 31. This whale, suspected to be Tron founder Justin Sun, has acquired over $405 million worth of ETH in a short period. The buying spree began with the withdrawal of $96.8 million stablecoins from Binance,
The crypto market, including Ethereum (ETH), has been experiencing increased volatility recently. Despite this, data from Coinglass indicates that most Ethereum investors and traders are still bullish on the crypto token. Many traders have continued to open long positions on Ethereum, showing that they are betting on it experiencing significant upward moves in the long
The cryptocurrency market has been witnessing a surge in Ethereum accumulation by investors recently. With Ethereum currently hovering around $3,170, investors have been strategically accumulating this crypto asset in anticipation of a potential price surge. On-chain data has revealed a noticeable accumulation trend among Ether investors, with over $500 million worth of ETH being withdrawn
