On-chain data analysis can provide valuable insights into the market trends and investor sentiment surrounding cryptocurrencies. In the case of Ethereum, an Ethereum metric is showing a bullish signal as the price breaks past the $2,400 barrier. This article will delve into the relationship between the Ethereum price and the exchange netflow indicator, and explore
Ethereum
Ethereum (ETH) has achieved a significant milestone in its 2024 roadmap with the successful launch of the Dencun upgrade on the final Holesky testnet. This marks a crucial step towards deploying the upgrade on the mainnet and demonstrates Ethereum’s ongoing efforts to improve transaction efficiency, scalability, and reduce transaction fees by up to 90%. As
Ethereum (ETH), currently the second largest cryptocurrency asset, is generating significant buzz in the crypto industry as analysts predict a price surge in the coming months. Altcoin Daily crypto analysts have identified three major factors that could potentially propel the price of Ethereum to new heights. In this article, we will examine these factors and
Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, has witnessed a significant exodus from centralized exchanges in recent weeks. Data suggests a growing preference for holding the asset outside of trading platforms. While the price of ETH has experienced some fluctuations, the overall trend indicates a shift towards withdrawing Ethereum from exchanges and holding
The Securities and Exchange Commission (SEC) is anticipated to take a similar approach in approving spot Bitcoin (BTC) exchange-traded funds (ETFs) when it comes to spot Ethereum ETFs. Standard Chartered Bank analysis suggests that these ETFs will likely receive approval on the initial final deadline of May 23. According to Geoffrey Kendrick, head of forex
Ethereum (ETH) is currently facing the possibility of a massive sell-off worth $1 billion. This significant transaction is attributed to Celsius, a bankrupt crypto lender. As per reports from on-chain analyst Lookonchain, Celsius initiated the transfer of 459,561 ETH, estimated to be worth around $1.014 billion, to various exchanges. The breakdown of this large-scale distribution
In the world of cryptocurrencies, Bitcoin often sets the tone for the entire market. As the leading cryptocurrency, its price movements can have a significant impact on altcoins like Ethereum. Crypto analyst Michael van de Poppe suggests that Bitcoin’s recent signs of bottoming out could be an indicator of an impending altcoin rally, potentially benefiting
Cryptocurrency analysts have been closely monitoring the price movements of Ethereum (ETH) and making projections about its future performance. In particular, Elja on X, a renowned analyst, predicts that Ethereum will reach an astounding $15,000 by 2025 based on rigorous technical analysis. While the current bearish sentiment in the crypto market may deter some investors,
Phishing scams have become an all-too-common occurrence in the world of cryptocurrencies. Users are constantly warned about suspicious links and emails, and companies emphasize the importance of only interacting with official channels. However, even with these precautions, scammers continue to find new ways to deceive unsuspecting victims. A recent incident involving Wallet Connect and other
An Ethereum (ETH) whale recently made waves in the crypto world by executing a series of transactions that involved a significant movement of funds across various platforms. According to Spot On Chain, a blockchain analytics platform, this activity amounted to approximately $46.02 million in ETH tokens. What makes this even more intriguing is that the
