Ethereum’s net issuance reading since merge has got some tips for traders
Ethereum’s total net issuance witnessed a massive spike. The number of Ethereum’s retail investors also grew over the past few days. Glassnode, a crypto analytics firm, reported that over the past few weeks, there was a significant increase in the total net coin issuance of Ethereum. […]
What Ethereum [ETH] holders should expect in the near-term
ETH was in a bullish market structure but in a price correction phase The price decline could settle at the 78.6% ($1260.23) Fibonacci retracement level Ethereum (ETH) was trading at $1283.82 at press time. This level was a drop after ETH lost the psychological $1300 mark it reached after a recent rally last week. At […]
Ethereum miner revenue reaches monthly high, but here’s the issue
ETH’s number of daily active addresses surged to a monthly high in the last three days. The transaction volume was relatively low which suggested the lack of a strong whale presence. Ethereum network activity has seen significant recovery this week as market conditions improve. This was highlighted in the latest Glassnode report which reveals that […]
Protocols on Ethereum witness high activity, but what does it mean for ETH
Protocols and Layer 2 solutions on Ethereum continue to improve However, Ethereum’s state declines as network growth and velocity go down Ethereum is still in the process of recovering from its post-Merge blues, meanwhile, protocols on the Ethereum network witnessed growth. According to crypto analytics firm Messari, Graph Protocol, a query network protocol for Ethereum, […]
Why Ethereum addresses holding more than 100 ETH increased suddenly
Ethereum addresses holding more than 100 ETH increased in the past weeks Staking rewards and the current price of ETH might be a motivation for the increased accumulation The price of Ethereum [ETH] has fluctuated between extreme highs and lows during the last few months, making investors less eager to invest in the coin. Nevertheless, […]
Are stablecoins giving Ethereum a run for its money? This new report suggests…
Ethereum’s market cap fell below stablecoins’ market cap The number of transfers and fees declined The FUD (fear, uncertainty, and doubt) surrounding the crypto market is the reason why the community has been looking for “stability” over the last few days. In a tweet posted by Glassnode, it was revealed that Ethereum’s market cap fell […]
How the latest uptick in whale interest really helps Ethereum [ETH]
A look at what ETH whales are up to this week as sell pressure tapers off Can ETH bulls secure enough momentum for a bigger uptick? Ethereum (ETH) would have been a healthy option for short traders this month considering its downside so far. However, its bearish preference caught many long traders off guard. Fortunately […]
Ethereum: Sharks, whales, their interest in ETH, and the events of the last 13 days
Since FTX’s collapse, there has been an increase in ETH accumulation As most HODLers fail to see profit, short traders appear to be accumulating As the price of leading altcoin Ethereum [ETH] lingered above the $1,200 psychological support level, data from Santiment revealed that sharks and whales have ramped up their ETH holdings in the […]
Ethereum sees some heavy accumulation but is it enough for a substantial move
Buying pressure is building up supported by ETH whales and retail accumulation ETH sell pressure is gradually tapering out and may give way to a strong bullish bounce ETH holders who bought the dip last week may have enjoyed some upside but it has been rather limited. This is because last week’s crash left investors […]
Reasons Bitcoin holders mustn’t consider shorting BTC amid the market turmoil
BTC closed the trading week with a 19% fall in its price Although a bullish divergence would be formed with the SP500 as investors’ confidence returns, things look gloomy in the short term The trading week that concluded could be considered as tumultuous, particularly for the cryptocurrency market. While the collapse of FTX caused leading […]
Ethereum’s pullback at this level offers an entry position for long trades
ETH is on a pullback after a sharp recovery from the current market crash. Investors should watch the 0.236 Fib support level. Bitcoin (BTC) recovered from the 16.69K mark to 17K, injecting a lifeline into the industry. The king coin’s gains also boosted altcoins. Ethereum (ETH), the altcoin king, is positively correlated to BTC. As […]
Ethereum Classic’s recent updates look promising, but will they be enough
Antpool converted $5 million worth of USDT to ETC Metrics gave hopes to investors, but the market indicators suggested otherwise Ethereum Classic [ETC], which came into the spotlight a few months ago thanks to the Ethereum Merge, made headlines once again because of several developments in its ecosystem. The ETC Cooperative announced the launch of […]
Ethereum [ETH]: Large, small holders attempt accumulation and yet…
Ethereum sharks and whales ramped up coin accumulation as the market attempted recovery Despite the freefall in the alt’s price, holders remain positive Before Binance confirmed withdrawing its offer to acquire embattled cryptocurrency exchange FTX, Ethereum [ETH] attempted recovery on the charts. During the intraday trading session on 9 November, data from Santiment revealed a […]
Ethereum: Investors, their steady support post-Merge, and what it means for ETH
A new survey suggested most most addresses plan to hold on to their ETH reserves despite post-Merge FUD Large investors start showing interest in Ethereum as well Network growth and velocity decline Bonus Insider, an online platform that reviews betting bonuses, revealed a new survey on Ethereum [ETH]. The survey focused on the behavior of Ethereum […]
Ethereum: Will Buterin’s latest roadmap have ETH climbing up the crypto ladder
As of 5 November, Vitalik Buterin tweeted the ‘updated roadmap diagram’ depicting the changes in store for Ethereum [ETH]. As can be witnessed, changes were made to The Verge and Scourge segments of the roadmap. Updated roadmap diagram! pic.twitter.com/MT9BKgYcJH — vitalik.eth (@VitalikButerin) November 4, 2022 ___________________________________________________________________________________ Here’s AMBCrypto’s Price Prediction for Ethereum [ETH] for 2022-2023 […]
Slump In Ethereum Derivatives Signal Strong Price Action In Short Term
A few weeks back, the crypto market seemed to be dominated by derivatives for both Bitcoin and Ethereum. Additionally, during the past few months, the leverage in Ethereum (ELR) has increased to such high levels which are unheard of (The OI increases too). This showed investors & traders were taking an extra risk in their The post Slump In Ethereum Derivatives Signal Strong Price Action In Short Term appeared first on CoinGape.
Ethereum: These mixed signals may leave ETH investors in a state of fluster
After a long wait, ETH’s price action gave hope to investors. However, things did not look quite as promising for ETH in the derivatives market as its perpetual FTX open interest declined. Furthermore, most of the on-chain metrics hinted towards a trend reversal soon. Nonetheless, a few market indicators provided some relief to investors as they suggested a continued price hike in the coming days.
Decoding Ethereum [ETH] whales’ movement for your next trade
One of the reasons for the recent growth in Ethereum’s price could be whales. However, a tweet posted by analytics firm glassnode, indicated that the number of addresses holding more than 10 thousand coins had decreased to reach a 1-month low.
BAYC and MAYC register a surge in trading volume, thanks to…
It's not just ETH holders who experienced gains from the recent surge in the price of Ethereum. BAYC and MAYC holders too benefited from the gains. According to data from DApp Radar, the NFT collections' transaction volume doubled over the past week. However, despite this growth, there were other factors such as floor price and whale interest, that didn’t show the same amount of optimism.
‘The stETH discount has all but vanished’- How true is this?
Staking rewards for Ether and Ether-backed liquid staking derivatives shot up in recent weeks. This could be attributed to increased network activity, specifically in ways that result in higher fees for network validators. Does it mean that ETH enthusiasts finally saw post-Merge ETH’s success? Here are some insights for the same. Here’s AMBCrypto’s Price Prediction […]