Analyzing the timing: what prompted the diamond-handed Ethereum holder to initiate the sell-off?

Ethereum is still the most developed on-chain economy, with a symbiosis between apps, block producers and block builders. Ethereum apps still transfer the most value and produce the most significant fees.

In recent market movements, both Bitcoin (BTC) and Ethereum (ETH) have shown significant influence over various altcoins, with one standout being GoodEgg (GEGG), a new AI-based social scoring cryptocurrency that has rallied an impressive 191%. The market dynamics of Bitcoin and Ethereum have been closely watched as they remain the two most influential cryptocurrencies globally.

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been experiencing a tumultuous period lately. Over the past month, the digital asset has dropped by 11%, with its price currently hovering around $2,300, according to Coin Gecko data.

The 7-day moving average (7DMA) for daily staker revenue on Ethereum recently fell to a six-month low.

Bitcoin's failure to hold $60,000 shows hesitation to buy at higher levels before the FOMC decision on Sept. 18.

Cardano (ADA) founder Charles Hoskinson has said that the Cardano blockchain has the potential to surpass Solana in terms of speed if a key network upgrade is implemented.

Liquid staking is relatively unused on Solana, but Bybit claims it holds a key to Solana's price growth.

Ethereum (ETH) has underperformed against Bitcoin, with the ETH/BTC trading pair dropping to the lowest level since mid-2021. The decline comes as ETH price continues to struggle amid a decline in demand and a lack of interest from whales.

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Inflows to crypto investment products rose over the past week, but Ethereum continues to lose investors' interest.

TL;DR Vitalik Buterin emphasized at Ethereum Singapore the importance of individual staking for the network's security and decentralization, highlighting that it prevents the concentration of power. Staking in Ethereum 2.0 requires at least 32 ETH, but many users turn to centralized services, which can increase vulnerabilities in the network.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

TRX, the native coin of the Tron blockchain, has maintained a downtrend since August 25. Exchanging hands at $0.14 as of this writing, the coin's value has since plummeted by 13%.

Ether's price hovers around a three-year low against Bitcoin, lagging behind BTC's 2024 performance. ETH is only 0.015% above its Jan. 1 level, while Bitcoin has soared by about 37% this year. As Ethereum is now at its weakest level against Bitcoin, investors might switch their focus toward Bitcoin.

The Pipe Network contributor has raised capital to help scale, recruit professionals and launch a private beta and testnet.

ETH is feeling the impact of BTC's latest dominance spike, as sell pressure wipes out last week's gains.

The cryptocurrency market is once again in flux, and while Solana (SOL) has maintained its place as one of the top contenders in the blockchain space, new tokens like GoodEgg (GEGG) are making waves.

Solana is one of the most talked-about and relevant cryptos of recent years, with an impressive growth that has made it one of the main blockchains for decentralized finance (DeFi) and NFTs, but what are the price predictions? Recent market conditions suggest that the bull trend that has characterized the growth

Justin Sun boldly predicts TRON (TRX) will crack the top 3 cryptocurrencies within the next 1-2 years.

TL;DR Rebound in Investment Flows: Inflows of $436 million into digital asset investment products, following a series of outflows of $1.2 billion. Bitcoin in the spotlight: Bitcoin attracted $436 million in inflows, recovering from a streak of outflows. Challenges for Ethereum: Ethereum continued to see outflows of $19 million due to concerns about its profitability.

TRON is poised for remarkable growth, with its founder, Justin Sun, predicting that it will rank alongside Bitcoin and Ethereum as one of the top three cryptos within the next two years. This assertion comes amidst the crypto performance boost, having surged approximately 7,000% in value over the past seven years.

On September 16, 2024, during the Ethereum Singapore conference, Vitalik Buterin, co-founder and main face of Ethereum, highlighted a crucial aspect for the network: the importance of personal staking.

Hinkal Protocol, a multi-chain privacy layer for confidential on-chain transactions, said it is launching “hETH” 一 an ETH liquid privacy derivative.

Some analysts see this correction as a local price bottom for Ether, based on historical chart patterns.

Sellers are more powerful than buyers at the beginning of the week, according to CoinStats.

TL;DR Matrixdock officially launches its new gold token, XAUm, on September 16, 2024. XAUm is backed by physical gold with a minimum purity of 99.99% and meets LBMA standards. Users can purchase XAUm using USDT or USDC and redeem it for physical gold in Hong Kong and Singapore.

The next major Ethereum update, Pectra, is already sparking heated debates within the crypto community. Intended to improve the network's efficiency and scalability, this crucial update might, however, be split into two.

Bulls have failed to hold the weekend's rise, according to CoinMarketCap.

Discover how First Neiro (NEIRO) skyrocketed after its Binance listing and explore potential altcoins like SUNDOG, Cate (CATE), and PepeFork (PORK) that could be next in line for major growth. Learn about key resistance levels, market trends, and opportunities in this detailed

Ethereum (ETH) is seeing intense bearish pressure today along with the broader crypto market. Moreover, recent whale movements are adding to this negative sentiment on the market.

In this ongoing bearish market sentiment, the price of First Neiro On Ethereum (NEIRO) has skyrocketed by 850%, rising from $0.00003612 to $0.000415 following its listing announcement on Binance.

Explore the critical differences between Ethereum ETPs and ETFs, their implications for the crypto industry, and the broader financial market.

An analyst has explained how losing this on-chain demand zone could cause Ethereum to witness a crash to as low as $1,800. Ethereum Is Currently Retesting A Major On-Chain Support Zone In a new post on X, analyst Ali Martinez has discussed about how Ethereum is looking like in terms of investor cost basis distribution right now, citing data from the market intelligence platform IntoTheBlock.

Tron Founder Justin Sun is bullish on his protocol's prospects over key rivals in the ecosystem. In an interview with Altcoin Daily, Sun predicted that TRX will soon become one of the top three digital currencies by market capitalization.

Circle is "thrilled to partner with Sony Block Solutions Labs to reimagine how innovation thrives in the digital economy,” said CEO Jeremy Allaire.

The Solana price has fallen to $131.74 on a bad day for the cryptocurrency market as a whole, with the alt now down by 3.5% in 24 hours and by 5.5% in the last 30 days.

BitMEX founder Arthur Hayes reportedly says that layer-1 blockchain Aptos (APT) is capable of solving many problems for the traditional finance (TradFi) world.

Over the last 24 hours, Ethereum declined by 5.41%. Despite the prevailing bearish trend, an analyst predicts a rally.

Ethereum's (ETH) performance relative to Bitcoin (BTC) has seen a sharp decline since July 24, with the ETH/BTC pair now at its lowest point in three years. As market sentiment for ETH turns increasingly bearish, many analysts predict further declines in the coin's value.

With a correction of ~5% over the past 24 hours, the Ethereum price has recorded the highest loss among the top 14 cryptocurrencies by market capitalization. Moreover, it is on the verge of breaking down its $2.3k level, indicating increased bearish sentiment in the market.

The latest flows report from Coinshares, led by its top market analyst James Butterfill, uncovers a strong recovery in digital asset investments, hitting a total of $436 million. The report emphasizes bitcoin as the frontrunner, while ethereum is still facing challenges with continued outflows.

There is a clear performance difference between Bitcoin and Ethereum ETFs based on recent data. Since their launch, Ethereum ETFs have experienced a net outflow of 189,200 ETH, while Bitcoin ETFs have experienced a sizable net inflow of 305,000 BTC, marking a massive contrast between the two assets.

Ethereum continued its freefall against Bitcoin, falling to its lowest level since April 2021. It has dropped by over 55% from its highest point in 2021.

The Rollup Coaster #31 delves into Ethereum's advancements, focusing on rollups, zero-knowledge proofs, TEEs, MEV/PBS, and more, according to Taiko.

Amid increased price volatility, top crypto categories have recorded a rise in their trading volume. Notably, the NFT market has picked up pace with some projects recording a double-digit surge in the weekly time frame.

Market intelligence platform IntoTheBlock has revealed that a huge number of Ethereum (ETH) holders are currently in profit. Despite the bearish pressure on the market, about 61% of holders are profitable.

The latest metric suggests that ETH's price may not be severely affected by the current downtrends.