CryptoQuant analyst warns of the potential for a short squeeze event as short positions grow exponentially.
TL;DR Ethereum's Estimated Leverage Ratio has surged to unprecedented levels, indicating increased risk-taking and potential for significant price volatility. Lower transaction fees on the Ethereum network are boosting usage, but weak institutional demand suggests cautious market sentiment.
Ethereum price has had a rocky start to the week and data suggests that more downside could be on the way.
Raydium briefly outpaced Ethereum in daily fees, with its trading volume and TVL also seeing significant growth.
U.S. spot bitcoin exchange-traded funds (ETFs) hit a bump in the road on Tuesday, recording $79.09 million in net outflows. Meanwhile, ether ETFs turned things around, bringing in $11.94 million in net gains. Tuesday's Crypto ETF Action The 12 spot bitcoin ETFs struggled, shedding $79.09 million overall. However, three ETFs saw a bit of sunshine.
Indian regulators have reportedly supported banning private cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) and pushing for the use of Central Bank Digital Currency (CBDC). This development reinforces India's CBDC push, which started years ago.
Blob space on Ethereum went through a brief period of price discovery, raising L1 rents for Scroll and Base. The period was too short to estimate the behavior of L2 and their readiness to absorb high blob costs.
Buterin says fully-verifying clients and staking nodes should not need to have more than a few gigabytes of storage.
If Ethereum is going to hit a price of $22,000 by 2030, here's what needs to happen.
The growing dominance of Bitcoin has raised the possibility of a BTC bull run in a short while from now. On the other hand, once the dominance reaches its peak, it could face a rejection that may not only keep the BTC price consolidated but also allow a remarkable rise in the altcoin dominance.
Vitalik says a structured governance model is needed for secure upgrades. Decentralization remains crucial, but user participation in governance is low.
Ethereum co-founder Vitalik Buterin recently posted an intriguing anecdote on Twitter stating that he made $5 earlier this year by participating in prediction market arbitrage. This little sum was earned more for enjoyment than for profit, he acknowledged, adding that automated bots are probably taking advantage of these opportunities more frequently these days.
India is moving closer to a major decision on cryptocurrencies like Bitcoin and Ethereum. The government is considering banning these digital currencies while pushing for its own Central Bank Digital Currency (CBDC), known as the digital rupee.
Ethereum co-founder Vitalik Buterin has laid out further plans to improve the blockchain's Proof-of-Stake (PoS) system through a new upgrade called “The Verge.” In a blog post published on Oct.
Ben “BitBoy” Armstrong, a well-known figure in the crypto community, made headlines with a bold assertion: he believes that XRP will soon overtake Ethereum (ETH) to become the second-largest cryptocurrency after Bitcoin (BTC). This claim has ignite a lively debate among crypto enthusiasts and investors alike.
Discover how "The Verge" will transform Ethereum into a faster, more decentralized, and accessible cryptocurrency for all validators.
After sharing insights on The Merge and The Surge to enhance Ethereum's future, cofounder Vitalik Buterin has now shared insights into The Verge. In his post, Buterin said the ideal future for Ethereum is one in which everyone can participate in node verification on the mainnet.
Almost all major cryptocurrencies, including Ethereum (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE), Chainlink (LINK), and Polkadot (DOT), have registered substantial declines. The crypto market cap has also dropped by 0.82% and currently stands at $2.31 trillion.
Data shows the Ethereum Estimated Leverage Ratio has shot up to extreme levels recently. Here's what this could imply for the asset's price.
Ethereum scaling solution Scroll launched its native token, SCR, amidst much fanfare, but the community immediately reacted with backlash over the amount allocated.
A surge in blob fees on Ethereum, reaching $4.52, was triggered by Scroll's airdrop, marking the third major fee spike since the network's Dencun upgrade in March.
The backlash against MicroStrategy co-founder Michael Saylor continues to grow, with Ethereum's Vitalik Buterin recently describing his comments as "batsh*t insane" in a social media post.
USDT market cap has surged past $120 billion, driven by its trading volume on Ethereum and Tron.
Crypto enthusiasts are once again demonstrating their confidence in Ethereum, the second-largest digital asset capability in the ongoing cycle, with some experts predicting that ETH could be witnessing a historical price rally to unprecedented heights at the peak of this bull cycle.
Market participants have pulled 29,378 ETH from exchanges, indicating a shift towards holding rather than trading. This contrasts with recent activity where 312,183 ETH were deposited, showing mixed behaviors among investors.
Uniswap, the leading decentralized exchange (DEX) on Ethereum, is building and growing, looking at the number of processed volumes over the years. Uniswap Processes Over $2 Trillion On Ethereum Since launching in late 2018, on-chain data shows that the DEX has processed over $2 trillion in cumulative volume on the Ethereum mainnet.
XRP is predicted to soar past $16, potentially overtaking Ethereum in 2025, as forecasted by crypto influencer Ben Armstrong. He attributes XRPs rise to its growing use in global banking and cross-border payments, positioning it as a unique asset in the crypto space.
Ethereum price struggled to continue higher above the $2,750 resistance and corrected gains. ETH is now struggling to start a fresh increase above $2,650.
Ethereum blob fees briefly surged to a price of $4.52 spurred by a frenzy of Scroll airdrop claims.
7,728 ETH ($20M) added to circulation in past week. Network activity drops 3%, with 43% decrease in fees.
Hopes of a rally toward $3,000 were raised by Ethereum's recent 15% price increase but it looks like the upward momentum has encountered a major obstacle. For ETH the 100 EMA has shown to be a strong resistance level and the assets recovery appears to have stalled at this point.
The Ethereum price has just broken out of a key symmetrical triangle pattern, signaling a potential surge to new levels above $3,000. The recent breakout is seen as a bullish indicator for the top altcoin by analysts who have closely watched the Ethereum price action for the past few months.
A closely followed crypto strategist and trader thinks Ethereum (ETH) is gearing up to ignite big breakout rallies. Pseudonymous analyst Inmortal shares a chart with his 217,500 followers on the social media platform X suggesting that Ethereum will see one final dip before sparking a 75% surge to his target of $4,100.
ETH is expected to decline further in the short term, according to current market indicators.
Ethereum layer-2 network Scroll just launched its token—but like the recent Hamster Kombat airdrop, some recipients aren't happy.
Ethereum (ETH) has recently garnered attention for a notable trend among its investors. As of mid-October 2024, data reveals that long-term accumulation addresses now hold over 19 million ETH, a significant increase that highlights growing investor confidence in Ethereum's future.
It appears that the popular Solana-based meme coin Popcat (POCAT) is outperforming major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). On October 23, 2024, when major cryptocurrencies struggled to gain momentum, POPCAT topped the crypto market with an impressive price surge of over 12%.
A widely followed crypto analyst is issuing a warning that Ethereum (ETH) may collapse in value in sync with Fed rate cuts.
Cryptocurrency markets are trading sideways on Tuesday: Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $67,436.75 -0.03% Ethereum (CRYPTO: ETH) $2,626.50 -1.7% Solana (CRYPTO: SOL) $168.23 +1.3% Dogecoin (CRYPTO: DOGE) $0.1395 -2.3% Shiba Inu (CRYPTO: SHIB) $0.00001823 -1.3% Notable Statistics: IntoTheBlock data shows large transaction volume increased by 78.9% and daily active addresses dropped by 4.6%. Transactions greater than $100,000 are up from 5,769 to 8,957 in a single day.
Solana-based Raydium clocked $3.4 million in fee revenue on Oct. 21 versus $3.35 million for Ethereum, according to DeFiLlama.
Uniswap (UNI) trading volume has increased by 150% within the last 24 hours, surpassing $400 million for the first time in almost 10 days. This development happened after the South Korean exchange Upbit listed new trading pairs for the altcoin.
Ethereum co-founder Vitalik Buterin has outlined several solutions to combat increasing centralization risks in the Ethereum network's proof-of-stake mechanism, particularly focusing on block production and staking economics.
Today, on October 22nd, 2024, the crypto market saw a small drop, amid geopolitical tensions and electoral uncertainties in the United States. Meanwhile, the total value of all cryptocurrencies fell by 2.2%, down to $2.34 trillion.
Indian regulators are considering banning private cryptocurrencies like Bitcoin and prefer the potential of central bank digital currencies (CBDCs) to offer safer and more inclusive financial systems, according to local media reports. The government has consulted key institutions on the issue, and many favor prohibiting private cryptos.
Ethereum (ETH) trades above $2,600 after a 5% retrace from local highs around $2,750. Over the past two weeks, ETH has maintained a bullish trajectory, sparking optimism across the market as investors look for further signs of strength in the price action.
Uniswap (UNI) nears a breakout as technical indicators and market sentiment align for gains.
Bitcoin is finding support in the $66,500 to $65,000 zone and Bitcoin ETF inflows suggest traders are buying the dips. Will altcoins follow?