Tag: ETH

Ethereum whale dumps another $17m ETH

A whale that recently deposited a huge amount of Ethereum funds to Binance has offloaded another $17 million to the crypto exchange. The whale is related to Nexo, as indicated by onchain data. In recent days, Nexo or wallet addresses related to the crypto platform have deposited ETH into the centralized crypto exchange. It includes 18,000 unstaked Ethereum worth over $70.8 million moved to the exchange on Dec. 13. “A whale (related to #Nexo) deposited 4,946 $ETH ($17.2M) to #Binance again in the past hour. Since Dec 2, #Nexo has…

Inverse Head And Shoulders Pattern Says ETH Will Touch $12,000

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Este artículo también está disponible en español. The Ethereum price is showing signs of a breakout, as an analyst has identified the formation of an inverse head and shoulder pattern on its 6-month long-term price chart. This bullish formation has fueled predictions that Ethereum could rally to $12,000 soon, marking a new all-time high for the second-largest cryptocurrency by market capitalization.  Ethereum Price Targets $12 With New Chart Pattern In a Tuesday X (formerly Twitter) post, crypto analyst Tony Severino released an Ethereum price chart illustrating an inverse head and…

Ethereum Whales Bought $1 Billion ETH In The Past 96 Hours – Details

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Este artículo también está disponible en español. Ethereum has faced significant volatility over the past few days, with massive selling pressure emerging after the cryptocurrency failed to break above its yearly highs set earlier in December. This price action has left traders and investors questioning the next direction for ETH as it consolidates under critical resistance. Related Reading Despite the turbulence, on-chain data suggests a potentially bullish outlook. Analyst Ali Martinez shared insightful metrics showing that Ethereum whales have been accumulating heavily during this period of uncertainty. According to the…

Ethereum’s $15.3B Burn Bonfire: Over 4.5M ETH Destroyed Since EIP-1559 Activation

This weekend, data confirms that more than 4.5 million ether (ETH) have been burned on the Ethereum network since Aug. 5, 2021, marking the implementation of Ethereum Improvement Proposal (EIP)-1559. The Great Ethereum Burn Approximately three years and four months have passed since the London hard fork was activated, and during that time, 4,523,479.74 ETH […] Source CryptoX Portal

What Lies Ahead For ETH?

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Este artículo también está disponible en español. Due to yesterday’s crypto market rout, Ethereum (ETH) has now faced rejection at the key $4,000 resistance level for three times since March 2024. The second-largest cryptocurrency by reported market cap is now trading at the $3,400 level, down 6.7% in the past 24 hours. What’s Behind Ethereum’s Underwhelming Price Performance? While ETH has posted a respectable 47% year-to-date (YTD) gain, it has been outpaced by other major cryptocurrencies like Bitcoin (BTC), Solana (SOL), and XRP, which have recorded significantly higher returns in…

Trump Crypto Project Grabs 722 ETH

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They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer…

7.8M Ethereum Leaves Binance In Two Months—What Does This Mean for ETH?

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The Ethereum market has recently seen a notable shift, with significant outflows from centralized exchanges sparking discussions about the near term trajectory of the cryptocurrency. Amid this, Ethereum has recorded a 2.4% decrease in the past 24 hours with a current trading price of $3,858, marking a 21.1% decrease away from its all-time high of $4,878 seen in 2021. Ethereum Withdrawals from Binance Surpass 7.8 Million ETH Data from CryptoQuant reveals that approximately 20.8 million ETH have been withdrawn from centralized exchanges in the past two months, a trend reminiscent…

Ethereum On-Chain Demand Should Sustain ETH Above $4,000, IntoTheBlock Says

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Este artículo también está disponible en español. The market intelligence platform IntoTheBlock has revealed how Ethereum has built up strong on-chain demand zones that should keep it afloat above $4,000. Ethereum Has Two Major Support Centers Just Below Current Price In a new post on X, IntoTheBlock has discussed about how the on-chain demand zones for Ethereum are looking right now. Below is the chart shared by the analytics firm that shows the amount of supply that the investors bought at the price ranges near the current spot ETH value.…

Ethereum Spot ETFs Witness Unbroken 16-Day Inflow Streak: New ETH ATH Soon?

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Este artículo también está disponible en español. Ethereum spot exchange-traded funds (ETFs) have logged 16 consecutive days of positive daily inflows, renewing optimism for ETH’s potential new all-time high (ATH) in the coming weeks. However, for ETH to reach this milestone, it must surpass the critical resistance level of $4,000. Ethereum Spot ETFs Attracting Consistent Inflows According to data from SoSoValue, Ethereum spot ETF inflows have remained consistently positive since November 22. The cumulative net inflows total $2.32 billion, with a significant $1.5 billion added between November 22 and December…