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
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 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
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
Ethereum (ETH) has experienced significant growth in the first quarter of 2024, with its price increasing by almost 100%. Alongside this price action, the Ethereum blockchain has generated profits amounting to $369 million during this period. This unexpected profitability has sparked curiosity regarding the financial mechanisms that make a blockchain like Ethereum profitable. One of
The recent price fluctuations in Ethereum have captured the attention of the crypto community as the cryptocurrency dipped to lows of $2,800 on April 12. This downward trend echoes the broader downturn seen in the overall crypto landscape. However, amidst this volatility, Ethereum whales, the large holders of the cryptocurrency, have made strategic moves that
Trading expert Peter Brandt has recently made comments on the Ethereum vs. Bitcoin chart, providing valuable insights into the current market dynamics. Brandt, known for his previous criticisms of Ethereum, where he referred to it as a “junk coin” and its supporters as “Etheridiots,” seems to have shifted his perspective. Despite Ethereum’s recent decline to
The banking giant VanEck has made a bold prediction regarding the valuation of Ethereum Layer-2 (L2) solutions, estimating it to reach a staggering $1 trillion by the year 2030. This forecast underscores the significant role that efficiency improvements and scalability advancements will play in the evolution of blockchain technology. The prediction was spearheaded by Patrick
Ethereum has been maintaining a strong position above the $3,500 price level, with investors eagerly looking forward to a potential push past the $4,000 mark. This surge in optimism has corresponded with a significant increase in open interest in Ethereum futures. Open interest is a valuable metric that tracks the total number of open positions
The price of Ethereum has been on a rollercoaster ride recently, with a promising start to the month but a disappointing continuation. Despite the overall bearish pressure in the cryptocurrency market, Ethereum has faced additional challenges due to regulatory uncertainties. The latest on-chain revelation shows that a significant amount of Ethereum has been flowing into
