Fred Krueger, a crypto investor, has been vocal about his belief that Ethereum is currently overvalued. He argues that Ethereum supporters are disconnected from reality, especially after the native currency broke above $3,000. One of the main reasons behind Krueger’s perspective is the noticeable decline in on-chain activity on the Ethereum network. This decrease can
Ethereum
After recently surpassing the $3,000 mark, Ethereum (ETH) has been the center of attention in the crypto community. However, amid the celebratory atmosphere, Fred Krueger, a well-known Bitcoin ETF expert, has expressed skepticism about the true value of ETH. Krueger, drawing on his experience as a Wall Street veteran and prop trader, took to social
Ethereum has recently broken above the $2,900 level, indicating a bullish trend in the market. While Bitcoin has been moving sideways, Ethereum has surged nearly 4% in the last 24 hours, demonstrating its resilience and independent price action. This surge has propelled Ethereum to touch the $2,900 mark for the first time since May 2022,
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
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
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
