In recent weeks, Ethereum has experienced a significant surge in its market price, signifying a growing demand for the popular cryptocurrency. Lookonchain, an on-chain analytics platform, recently unveiled a noteworthy strategy employed by an Ethereum whale, shedding light on their bold stance regarding Ethereum’s future trajectory. The whale has been actively accumulating Ethereum by utilizing
Ethereum
The world of cryptocurrency continues to grow and evolve, with asset managers seeking approval for various investment products. Wall Street titan and asset manager Franklin Templeton recently made headlines by applying for an Ethereum Spot Exchange-Traded Fund (ETF). This move comes after their struggle to gain approval for a Bitcoin Spot ETF earlier this year.
Ethereum co-founder Jeffrey Wilcke has sent shockwaves through the cryptocurrency market with a significant deposit of 4,300 ETH to a leading cryptocurrency exchange. The total deposit, worth approximately $41.1 million at the time, has generated renewed interest and excitement from investors and traders alike. This surprise deposit is particularly notable considering the lengthy hiatus Wilcke’s
Ethereum (ETH) has been displaying an interesting pattern in the options market. Recent data from Deribit, a leading platform for crypto futures and options trading, reveals a significant concentration of call options for ETH centered around the $4,000 strike price. This accumulation of ETH call options suggests that traders are speculating on a potential rise
Prometheum, an “alternative” trading platform for crypto “securities” assets, has recently made headlines with the launch of its custodial services for Ethereum (ETH). This move has significant implications for the legal status of the second-largest cryptocurrency by market capitalization. Fortune Magazine reported that Prometheum’s strategy is to compel regulators, particularly the Securities and Exchange Commission
Despite the underperformance of the Ethereum (ETH) price over the past year, there has been a significant uptick in Ethereum staking. The emergence of liquid staking protocols like Lido Finance has played a key role in driving the surge of ETH being staked. As a result of this growing interest, the total percentage of ETH
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 (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
