Ethereum

Ethereum (ETH) whales are eyeing promising opportunities to diversify their portfolios. Recently, a group of ETH whales allocated a significant $2.1 million across Sui (SUI) and the new Ethereum-based gambling casino ICO, Mpeppe (MPEPE). This move has sparked widespread interest within the crypto community as investors explore the future potential of both projects. Let’s dive into why these two tokens are capturing the attention of whales and what it means for investors. The Rise of Sui: A Blockchain Built for…

Much like Bitcoin (BTC), the price of Ethereum (ETH) has been trading significantly sideways lately. Due to this downtrend, a legendary crypto analyst has offered some insights into Ethereum’s price movements, predicting that in the next three months, the pioneer altcoin could see its price hit a bottom.  Ethereum To Hit Price Bottom By December Benjamin Cowen, the founder of ITC Crypto and a prominent crypto analyst, has published a YouTube video discussing Ethereum’s price movements, highlighting a potential correlation…

As Ethereum (ETH) continues to face hurdles in breaking the $2700 resistance level, a new contender has emerged in the cryptocurrency space. Mpeppe (MPEPE), a hybrid meme token with a robust DeFi integration, is rapidly expanding its investor base. With Ethereum (ETH)’s struggles in the market, many are looking at Mpeppe (MPEPE) as the next big opportunity. Ethereum (ETH)’s Stagnation: Why $2700 Seems Out of Reach Ethereum (ETH) has been under pressure for weeks, unable to reclaim its $2700 price…

Ethereum, the second-largest cryptocurrency by market capitalization, has been experiencing noteworthy movements in its derivatives markets. Particularly, according to a recent analysis by a CryptoQuant analyst known as ‘Heisenberg,’ the netflow of Ethereum on derivative exchanges has seen a significant negative shift, exceeding 40,000 ETH. Ethereum Derivative Market Outflow: What It Means For ETH Heisenberg explained that netflow refers to the difference between the amount of Ethereum entering exchanges (inflows) and the amount being withdrawn (outflows). A negative netflow indicates…

On-chain data shows the Ethereum adoption rate has hit a four-month high, which could be bullish for the cryptocurrency’s price. Ethereum Network Growth Has Shot Up Recently According to data from the on-chain analytics firm Santiment, the ETH blockchain has recently created many wallets. The indicator of relevance here is the “Network Growth,” which keeps track of the total number of new addresses appearing on the network daily. Naturally, an address is considered to have been used when it made…

Ethereum (ETH) has been struggling with a significant downturn recently, leaving the asset deep in the red. Over the past week, Ethereum has recorded a 9.2% decline in value, reflecting broader market weakness. However, the past 24 hours have brought a slight change in momentum, with ETH seeing a 3.2% increase in price. Though this uptick is not enough to erase the previous week’s losses, it may signal the beginning of a recovery phase. Is Ethereum At The End Of…

The post Will Ethereum Follow Bitcoin’s Lead, or Will Solana Break Away and Shine? appeared first on Coinpedia Fintech News Bitcoin has recently rebounded, trading just below $57,000 as of press time, marking a 4% increase over the past 24 hours. This bounce follows a tough start to September. Despite this recovery, Bitcoin remains over 20%down from its all-time high of over $73,000 touched in March. However, even altcoins have taken a hit, shaking hands with the broader crypto market…

Ethereum price is attempting a recovery wave above $2,320. ETH might struggle to gain pace for a move toward the $2,500 resistance zone. Ethereum is attempting a recovery wave above the $2,250 zone. The price is trading above $2,320 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,320 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,400 resistance to continue higher in the near…

Ethereum co-founder Vitalik Buterin has been in the news of late with his 760 ETH withdrawal–a move that raised eyebrows as speculations about what such external wallet transactions by him could do to the Ethereum market. Transactions are part of a broader trend that has seen wallets associated with Buterin and the Ethereum Foundation actively sell large portions of Ether. It is this aggressive selling that has added to the bearish pressure on Ethereum’s price, which lately slipped to the…