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cryptocurrency

cryptocurrency June 19, 2024

Ethereum’s value surged beyond $3,500 following the conclusion of the US Securities and Exchange Commission’s (SEC) prolonged investigation. Advertisements Previously, there were looming doubts about Ethereum potentially being classified as an unregistered security. This uncertainty had been a significant concern for investors, affecting the asset’s market performance. However, the investigation’s closure has now reinstated investor […]

cryptocurrency June 19, 2024

Ethereum price started a fresh increase from the $3,350 support zone. ETH is outperforming Bitcoin and might rise further toward the $3,650 resistance. Advertisements Ethereum is gaining pace from the key $3,365 support zone. The price is trading above $3,450 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend […]

cryptocurrency June 18, 2024

Ethereum whales accumulated large amounts of ETH in the last few days. Developments for Ethereum ensued, price remained stagnant. Ethereum’s [ETH] price has remained stagnant over the last few days, despite this, whales have shown interest in the ETH token. Advertisements Ethereum whales move in The number of Ethereum wallets holding significant amounts of ETH […]

cryptocurrency June 18, 2024

A prominent Ethereum whale with the wallet address 0xf07 has offloaded $35.4 million worth of Ethereum (ETH) over the last two days. This transaction comes at a critical time when Ethereum’s price has sharply declined, falling below the $3,500 mark. Advertisements Meanwhile, many other long-term holders have started reducing their Ethereum exposure. Ethereum Whales Decrease […]

cryptocurrency June 17, 2024

While Open Interest increased, Funding Rate stalled. The price of the altcoin might keep swinging between $3,400 and $3,600 in the short term. One day after Ethereum’s [ETH] Open Interest dropped to $13.14 billion, it added another billion to its value. At press time, the Open Interest (OI) was $14.10 billion, according to data from […]

cryptocurrency June 17, 2024

The Ethereum ecosystem recently saw an unprecedented surge in transactions per second (TPS). According to L2beat data, on June 16, Ethereum’s scaling networks, including both layer-2 (L2) and layer-3 (L3) solutions, achieved a combined 245.87 TPS. This figure translates to approximately 21.2 million transactions in a single day. Advertisements Interestingly, this surge was driven by […]

cryptocurrency June 16, 2024

Whale accumulation of ETH grew, according to recent data. Network growth and velocity of ETH fell materially. Ethereum’s [ETH] recent dip in price did not reduce the optimism that traders and investors had in the slightest. Advertisements Ethereum whales start to buy Recent data showed that Ethereum whales, or large-scale investors, have accumulated over 700,000 ETH […]

cryptocurrency June 16, 2024

Investors are bullish on Ethereum as the industry awaits the launch of Spot Ethereum ETFs. This sentiment is relayed through the recent expiration of Ethereum options contracts and the put-call ratio. According to data, over 200,000 ETH options recently expired, and the crypto community eagerly awaits the direction of the Ethereum price. Advertisements Related Reading […]