Benjamin Cowen, the founder and CEO of Into The Cryptoverse, has recently shared his views on the current downtrend observed in the Ethereum/Bitcoin (ETH/BTC) pair. He warns the crypto community about a potential downward movement, citing the pair’s rejection by the bull market support band and a history of steep declines. Cowen notes that the
Ethereum
Over the past month, Ethereum has shown signs of recovery in a generally bearish crypto market, closely following the modest uptrend of Bitcoin. While Ethereum’s price has seen a slight increase of 0.2% in the last 24 hours, there is a parallel trend brewing beneath the surface that could have a significant impact on Ethereum’s
A crypto analyst has recently made a prediction regarding when Ethereum, the world’s second-largest cryptocurrency, will bottom against Bitcoin. This prediction is based on various market conditions and observations made by the analyst. The analyst, Benjamin Cowen, shared insights on the market conditions, noting similarities between the current market dynamics and those seen in 2019.
The cryptocurrency market witnessed a surge in the price of Ethereum (ETH) over the weekend, reaching $3,300, signaling a potential trend reversal for the second-largest crypto token by market cap. Analysts have pointed out bullish signals on Ethereum’s chart, such as the Moving Average Convergence/Divergence (MACD) indicator showing a change in direction. An interesting aspect
The recent analysis conducted by Santiment reveals a striking decrease in Ethereum’s transaction fees, with the average cost plummeting to just $1.12. This development, marking the lowest daily average since October 18th, 2023, has prompted discussions within the crypto community and among analysts. Santiment’s report draws attention to the correlation between transaction fees and overall
The recent increase in Ethereum withdrawals from centralized exchanges indicates a shift in investor sentiment towards the cryptocurrency. With a substantial amount of ETH being withdrawn, it prompts an analysis of how this could potentially impact the price of Ethereum. Amidst the uncertainties prevailing in the crypto market, investors in Ethereum are taking actions to
In the last 24 hours, Ethereum (ETH) has faced a significant 5% price drop, reflecting growing concerns about the potential rejection of Ethereum ETFs by the US Securities and Exchange Commission (SEC). According to reports, there have been discouraging meetings between various Bitcoin ETF issuers and the SEC, leading to expectations of denied applications for
The recent surge in Ethereum (ETH) price has been attributed to significant buys made by crypto whales, particularly suspected to be Tron’s founder, Justin Sun. This accumulation spree by Sun has brought attention to the optimism among Ethereum whales despite the fluctuating prices in the market. On-chain analytics platform Lookonchain highlighted a mysterious wallet that
Data indicates that the Ethereum Open Interest has been trading at lower levels recently. The Open Interest refers to the total number of derivative-related contracts open for Ethereum on all exchanges. A rise in this metric indicates that investors are opening new positions, leading to increased market leverage and potential volatility. Conversely, a decrease suggests
Recent reports have surfaced regarding a new Ethereum whale that has been making significant purchases of ETH, totaling over $405 million since March 31. Speculations are running rampant that this whale may be none other than Tron founder Justin Sun. The blockchain research platform Lookonchain has shed light on this mysterious buying frenzy that has
