Ethereum Price Stagnates With Lack of Activity From Whales
Ethereum (ETH) is experiencing some consolidation, with its market indicators indicating a point of less turbulence as well as balanced investor sentiment.
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Ethereum (ETH) is experiencing some consolidation, with its market indicators indicating a point of less turbulence as well as balanced investor sentiment.
An ETH whale may have thrown out the possibility of an upside on the charts.
A hacker seems to have pilfered roughly $20 million worth of stablecoins and Ethereum from wallets belonging to the United States government. According to analytics firm Arkham Intelligence, the funds were tied to the 2016 Bitfinex hack and had been unmoved for over eight months.
After an unsuccessful attempt to break through the resistance level of around $2760 in the past two weeks, Ethereum (ETH) price has dropped over 5 percent in the last five days to trade at about $2,495 on Friday, October 25, during the early European session.
Ethereum's All Core Developers Execution Call #199 addressed critical updates, including EIP 7742, Pectra Devnet developments, and block gas limit debates.
In a post published on October 23, Ethereum (ETH) co-founder Vitalik Buterin shared details about ‘The Verge' upgrade, which aims to make it easier to run validator nodes. New Ethereum Upgrade To Make Running Nodes Easier Buterin highlighted several issues currently facing the Ethereum network, particularly the high resource requirements needed to run Ethereum nodes.
In a notable development on October 21, Solana-based DEX Raydium achieved higher daily fee revenue than the Ethereum network.
Ethereum and Solana have plotted drastically divergent trajectories over the past week or so, causing investors eager to shift capital away from Bitcoin (CRYPTO: BTC) to sit up and take notice. What happened: Solana, often touted as the "Ethereum Killer," spiked over 13% in the last seven days, faring among the top weekly gainers.
Traders and investors in the crypto market should brace for volatility, with $5.26 billion worth of Bitcoin and Ethereum options expiring today.
Ethereum's ETH/BTC pair eyes a potential breakout from a falling wedge, while overheated Solana indicators hint at a shift in Ethereum's favor.
Ethereum daily fees hover between $1 million to $5 million — far less than the $30 million that was consistently reached throughout 2021 and 2022.
Ethereum daily fees hover between $1 million and $5 million — far less than the $30 million consistently reached throughout 2021 and 2022.
A massive Ethereum initial coin offering (ICO) participant that received an astounding 254,908 ETH during the cryptocurrency's launch for a total cost of $79,000, has recently sold 3,000 ETH worth around $7.64 million.
Ether could slump in the coming days, as this participant's previous ETH sale triggered a decline in the asset's price.
Ethereum price extended losses and tested the $2,450 support zone. ETH is recovering losses and struggling to gain pace for a move above the $2,550 level.
Base, a Layer 2 blockchain initiative spearheaded by Coinbase, has set a new record by accumulating an impressive 623,130 ETH in its bridge smart contract. This figure signifies not only a substantial increase in the amount of ETH held but also highlights the growing confidence in Base as a pivotal player within the Ethereum ecosystem.
The Ethereum FUD fires are burning hotter than ever as Ether has fallen against Bitcoin and Solana while developers are fighting the flames.
Nearly $20 million in cryptocurrencies has been reportedly drained out of U.S. government-linked wallets holding funds seized from the Bitfinex cryptocurrency exchange hack. What Happened: About $14 million in the Aave USDC (AUSDC) stablecoin, $5.
A significant Ethereum whale deposited 3,000 ETH, valued at $7.63 million, to Kraken. This massive transfer comes as the ETH/BTC pair plunges to new lows, signaling growing bearish sentiment in the market.
Recent reports show that a participant from Ethereums initial coin offering (ICO) has sold 3,000 ETH for approximately $7.64 million. This sale is part of a larger trend where early investors are cashing out some of their holdings.
Bitcoin's dominance has surged past 57%, reaching its highest level since March 2021. This significant uptick illustrates a trend of growing market concentration in Bitcoin, while Ethereum's market share has plummeted to 13.5%, marking the lowest level since before the Ethereum Merge in September 2022.
Ethereum, the second-largest cryptocurrency by market capitalization, is facing a growing risk of a short-squeeze that could potentially help its price surge. The cryptocurrency's futures market is showing signs of extreme leverage, indicating that a significant number of traders are betting on a continued price decline.
Solana is displaying remarkable potential for recovery, and it appears that the asset may be approaching $200. The asset is currently trading comfortably above $170 after strong upward momentum was sparked by the breakthrough at $160 earlier this month.
Ethereum (ETH) price appears to be moving within a neutral range, as indicated by several market metrics. The current Net Unrealized Profit/Loss (NUPL) value signals that most investors are neither highly profitable nor experiencing heavy losses.