In a volatile market, true strength is measured by stability. Ethereum has demonstrated precisely that. Following the crash, it has tested the $3,680 support level on four occasions, with each instance resulting in a bounce of approximately 17%. In essence, investor conviction remains steadfast as buyers adopt a defensive stance. Data provides valuable insights into … Read more
Since its launch, Ethereum has experienced a number of upgrades aimed at enhancing security, scalability, and sustainability. Since 2020, Ethereum has experienced five major upgrades in its transition to proof-of-stake, including the Merge, Shapella, and EIP-1559. In a recent update, network developers are concentrating on the Fusaka Mainnet upgrade. In a significant update, Ethereum developers … Read more
Ethereum’s network activity is hitting unprecedented levels, despite the fact that its price has been declining for the fourth straight day. This has left investors questioning: Should you continue to HODL ETH during the dip? According to data, the Ethereum Ecosystem Daily Activity Index has achieved a remarkable milestone, hitting an all-time high of 1.985 … Read more
In October, Ethereum’s derivatives trading volume on Binance skyrocketed to almost $560 billion, marking one of the highest levels ever recorded. This spike corresponds with ETH’s stabilization near $4,000, suggesting increased speculative interest from both institutional and retail traders. The increase suggests a growing willingness to take risks, with more traders engaging in futures and … Read more
Ether at $4,001.16 stayed near $4,023 following multiple attempts to maintain the $4,000 mark. On Oct. 28, Arkham reported that BitMine withdrew approximately $113 million of ETH from Bitgo and was “taking advantage of the lower prices.” On October 27, Bitmine Immersion Technologies announced in a press release that its total assets in crypto, cash, … Read more
Ethereum’s dominance in the DeFi space remains unmatched. Applications built on its network currently protect over $370 billion in user assets, significantly surpassing any other blockchain by nearly $290 billion. As stablecoins and tokenized assets gain traction, Ethereum remains central to the growth of the industry. The blockchain continued to dominate the DApp space, with … Read more
Sharplink Gaming has made a notable move in reinforcing its stance in the cryptocurrency market by incorporating $80 million worth of Ethereum into its strategic reserves. This development boosts Sharplink’s total Ethereum holdings to around $3.6 billion, positioning it as the second-largest corporate holder of the cryptocurrency. The recent acquisition of 19,271 Ether signifies the … Read more
Traders are ramping up their leverage on Binance, pushing the exchange’s leverage ratio close to record highs. Substantial investment is showing confidence in Ethereum, but this also indicates increased risks. As bullish bets continue to surge, the question remains: Will ETH rise further or encounter a wave of sell-offs? Ethereum’s Estimated Leverage Ratio on Binance … Read more
Ethereum last traded above $4,000 on October 14. It has seen an increase of 2.2% and is currently trading at $3,940. Despite this upward move, investor sentiment remains split. As ETH approaches the $4,000 threshold, questions arise regarding its forthcoming trajectory. Reports indicates the implications of this shift in sentiment for the future of Ethereum. … Read more
Ethereum remains in focus as legacy asset manager T. Rowe Price prepares to launch a new actively managed multi-coin exchange-traded fund that is expected to include ETH among its holdings. Fund managers are currently deciding which assets to include and how to allocate weightings. While this development underscores growing institutional confidence in digital assets, it … Read more