Ethereum Dive To 3-Year Low Against Bitcoin, Is This A Bear Trap? Trading Guru Weighs In
[ad_1] Trading Guru Peter Brandt has recently commented on the Ethereum vs. Bitcoin chart, offering intriguing insights into market developments. Brandt’s remark comes after his prior critiques of Ethereum, denigrating it as a “junk coin” and its proponents as “Etheridiots.” However, amidst Ethereum’s recent descent to its lowest position against Bitcoin in nearly three years, Brandt’s […]
VanEck Eyes $1 Trillion Market Cap As ETH Stalls
[ad_1] Banking behemoth VanEck has valued Ethereum Layer-2 (L2) solutions at an astounding $1 trillion in a daring prediction, emphasizing the critical role that efficiency gains and scalability improvements will play in the development of blockchain technology. Ethereum Layer 2s Poised For Significant Increase In Valuation According to VanEck researchers, Ethereum Layer 2 scaling networks […]
Ethereum Open Interest Has Reached A New All-Time High
[ad_1] Ethereum has, for the most part, established a foothold above the $3,500 price level throughout the week as investors continue to anticipate a return to the $4,000 mark. Interestingly, the optimism has seen the open interest of Ethereum surging to new highs. The surge in open interest, although a bullish sentiment indicator, can also […]
Will SEC Hurdles Derail Its Bullish Journey?
[ad_1] Ethereum (ETH) stands at a crucial juncture, with its eyes set on the $4,000 price mark. Amid this ambitious pursuit, the digital asset faces a significant challenge that could influence its trajectory: scrutiny from the US Securities and Exchange Commission (SEC). Despite this potential regulatory hurdle, some analysts remain optimistic about Ethereum’s prospects. A […]
March Sees Nearly $1 Billion In Ethereum Netflow To Centralized Exchanges
[ad_1] The price of Ethereum has not exactly lived up to its promise as the month has gone on, despite a stellar start to the month. While this bearish pressure has been widespread in the general cryptocurrency market, regulation uncertainty has been an additional concern for ETH, igniting a negative sentiment around the “king of […]
‘Dencun’ Upgrade Officially Deployed On Ethereum Mainnet, ETH Price Holds Steady Below $4,000
[ad_1] Ethereum (ETH) has completed a major software upgrade, Dencun, that promises to make utilizing the network ecosystem more cost-effective. This update specifically targets Layer 2 (L2) networks, such as Arbitrum (ARB), Polygon (MATIC), and Coinbase’s Base, which are interconnected with Ethereum. With Dencun, transaction costs on these networks have significantly decreased, with fees dropping […]
Market Alert: Ethereum Faces Potential Downfall as Dencun Upgrade Looms
[ad_1] Ethereum (ETH) is poised for a notable improvement with the impending Dencun upgrade to enhance the network’s scalability. However, amidst this anticipation, QCP Capital, a seasoned crypto asset trading firm, has shed light on an emerging trend that might influence Ethereum’s price trajectory. The firm’s analysis reveals a shift in “risk reversals” for Ethereum, […]
Crypto Analyst Sets New $5,000 Target
[ad_1] Ethereum is currently looking to gain a strong footing above the $4,000 price level as bullish momentum continues to dominate. According to crypto analyst Ali Martinez, this bullish momentum could continue and Ethereum could as well reach $5,000 very soon. Ali Martinez made this known while citing data from IntoTheBlock, noting that the second […]
Getting Cheaper, Getting Higher? Ethereum Dencun Upgrade And The Potential For ETH To Rise Back Above $4,000
[ad_1] The highly anticipated Dencun upgrade for the Ethereum (ETH) ecosystem is on the horizon, promising to bring significant cost reductions and notable changes to Layer 2 (L2) networks. The update, scheduled for March 13, will introduce a new data storage system known as blobs, reducing congestion on the Ethereum network and driving key new features […]
Total ETH Burned Crosses 1.5 Million Ahead Of Ethereum Dencun Upgrade
[ad_1] The Ethereum Dencun upgrade is fast approaching and there have already been notable developments leading up to it. Besides the price of ETH rising to new two-year highs, there has been a significant increase in the amount of ETH that has been burned so far. Over 50,000 ETH Burned The Ethereum burn, which was […]