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Ethereum has outperformed the broader crypto market over the past 24 hours, reaching a 12-day high of $2,832 before pulling back to $2,720. The post Ethereum Shows Signs of Rebound as Exchange Supply Hits Record Low: Santiment appeared first on Cryptonews.
At the moment, the market seems to be in a phase of stagnation.
Ethereum continues to lead in all-time gas fees, particularly in DeFi, despite a decline in on-chain activity and the lowest transaction costs in over four years.
After hitting a daily high of around $2.8K, Ethereum is now trading at $2,689. ETH's daily trading volume has exceeded 105%.
Ethereum (ETH), the leading altcoin, began the week with bullish momentum, with the price hitting over $2,700. Some market participants think the recent surge is just the beginning, as Ethereum will soon experience a major rebound.
An anonymous programmer burned and donated $7 million worth of Ethereum while leaving messages claiming surveillance by a "brain-control organization" and making accusations against a Chinese hedge fund.
Ethereum (ETH) price recently surged to $2,850, but has since retreated, leaving investors uncertain about the sustainability of the rally.
Geth developers urged Ethereum validators using version 1.15.1 to update immediately to version 1.15.2 to avoid potential financial losses.
Amid the ongoing uncertainty in the crypto market, the Ethereum price continues to lose momentum. Notably, the ETH price continues hovering around the $2600 mark and has repeatedly failed to break out of its resistance level, suggesting a strong selling point at that level.
A mysterious user has left the crypto community talking after burning $1.65 million worth of ETH.
Ethereum (ETH) became the top-traded asset on Coinbase on Monday, surpassing Bitcoin (BTC), Solana (SOL), and the Ripple-linked XRP token.
Can you imagine a situation where every action of yours is completely controlled by an organisation using brain-control weapons? For most of us, the question appears to be like a science fiction storyline. But for Hu Lezhi, a programmeer, it is a depressing nightmare from which he is struggling to escape.
The market participants are hunting for the next token to invest in after squeezing profits from Bitcoin. After facing significant losses in memecoins, they shifted their focus back on the fundamentally strong tokens. As a result, the prices of Cardano, Aave, Maker, etc.
Investors pivot to ether ETFs as Ethereum's impending Pectra upgrade is expected to bode well for cryptocurrency.
A minor move for Ethereum has outpaced the border crypto market while exchange balances have declined.
Crypto prices on Tuesday have continued stirring up market uncertainty, mainly illustrating an extended sluggish performance. Bitcoin (BTC) price continues to hover around the $96K level on Feb 18, although Ethereum (ETH) gained slightly by 2%.
Ethereum price is showing positive signs above the $2,650 zone. ETH is outshining Bitcoin and might start another increase in the near term.
Data from Ethereum's on-chain data analytics platform Growthepie has revealed that the Layer 1 blockchain has accumulated over $1.67 billion in gas fees from DeFi, accounting for over 30% of all the fees accumulated from all DeFi ecosystems. Base, ZKsync Era, and Arbitrum One are the chains taking the 2nd, 3rd, and 4th place after Ethereum, having accumulated $39.53 million, $37.69 million, and $34.60 million in DeFi fees, respectively.
A Chinese programmer who sent 711.5 Ether to WikiLeaks included a bizarre onchain message about his country's military in the transfer.
A Chinese programmer who sent 711.5 Ether to WikiLeaks included a bizarre onchain message about his country's military in the transfer.
An anonymous programmer sent millions in cryptocurrency to dead-end addresses while claiming military powers are using brain-computer interfaces to control citizens.
Because the asset is unable to form a clear trend, Bitcoin's price movement is still trapped in a sideways channel. Because of the lack of volatility, Bitcoin is experiencing a stagnant environment, which raises questions for the entire cryptocurrency market.
The Ethereum price is showing strong signs of a potential breakout, as an analyst predicts a surge to $3,300 in just one week. This forecast shows Ethereum's projected successful breach of a key resistance level, indicating an imminent price recovery to new highs.
The altcoin market shows increasing bearish sentiment as Ethereum breaks below key support at $3,035, while whale transactions decline and US ETF outflows reached $26.26 million last week.
