Tag: ETH

Ether (ETH) Options Out of Sync With Bullish Sentiment on Street

Ether’s one-week call-put skew, a gauge of demand for calls relative to puts expiring in seven days, fell to nearly -8 on Wednesday, the lowest in over three months, indicating a preference for bets that ether’s price will decline. The gauge stayed negative at press time, with one-, two- and three-month skews exhibiting a negative outlook. Source

Celsius Wallet Deposits Nearly $36,000,000 Worth of Ethereum (ETH) Into Crypto Exchanges: On-Chain Data

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A wallet associated with the defunct crypto lending platform Celsius deposited $30.34 million worth of Ethereum (ETH) to Coinbase on Monday, according to the crypto tracker Lookonchain. Lookonchain also notes that Celsius deposited $5.13 million worth of ETH to the crypto exchange FalconX. Celsius’ two staking wallets still hold a total of 557,081 Ethereum worth around $1.3 billion. Celsius filed for bankruptcy in July 2022 after its native token, CEL, plummeted by 99% and it was unable to fulfill withdrawals. In July, the project’s founder, Alex Machinsky, was arrested and…

$35 Million Sell-Off Sends ETH Price Crashing

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Celsius Networks, currently undergoing bankruptcy proceedings, has engaged in significant Ethereum transactions that are causing ripples within the digital currency landscape. In the past 10 hours, on-chain analysts at LookonChain detected noteworthy transfers, including a 13,000 ETH deposit ($30 million) on Coinbase and an additional 2,200 ETH ($5 million) on FalconX. These transactions suggest a proactive stance by Celsius in addressing its ongoing financial challenges. Celsius Sells $125M ETH, Maintains $1.3B Reserve According to Arkham Intelligence, Celsius sold more than $125 million worth of Ethereum (ETH) coins between January 8…

Ethereum Price Reaches Support, Can ETH Start A Steady Increase Again?

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Ethereum price extended losses and tested the $2,300 support. ETH is now attempting a recovery wave above the $2,340 level and might test $2,390. Ethereum started a fresh decline below the $2,420 and $2,400 levels. The price is trading below $2,400 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance near $2,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair attempt a fresh increase if it clears the $2,390 and $2,400 levels. Ethereum Price Revisits $2,300 Ethereum…

Ethereum Futures Market Cool Off Sets Stage For ETH To Rally: Quant

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An analyst has explained that the latest cooldown in the Ethereum futures market could suggest there is potential for a price rise to resume for ETH. Ethereum Funding Rates Have Seen A Decline Recently An analyst in a CryptoQuant Quicktake post explained that the ETH funding rates have seen a cooldown from their previously overheated levels. The “funding rate” refers to the periodic fees that futures contract holders on derivative platforms currently exchange with each other. When the value of this metric is positive, it means that the long contract…

BTC vs ETH: a comprehensive comparison

Bitcoin vs. Ethereum: read our exploration of the key differences, features, performances, and prospects. Cryptocurrency has changed the financial landscape, with Bitcoin (BTC) and Ethereum (ETH) emerging as two leading players in the space. In this comprehensive comparison, we will delve into the key differences between Bitcoin and Ethereum, exploring their features, recent performances, and prospects. Understanding the nuances of these cryptocurrencies is crucial for investors, developers, and enthusiasts alike, given their significant impact on the digital economy. Understanding Bitcoin and Ethereum In the world of crypto, BTC vs ETH…

FTX And Celsius Are Sending MATIC, ETH, And WBTC To Binance

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The crypto market might be about to experience a further downturn as a recent development suggests an imminent selloff is on the horizon. This comes following the recent market moves by Grayscale, which is believed to be responsible for the recent decline in Bitcoin’s price.  Celsius And FTX Crypto Funds On The Move On-chain data shows that defunct crypto lender Celsius Network recently transferred 34.08 million MATIC to the crypto exchange Binance. Meanwhile, a wallet address linked to Alameda Research, the sister company of defunct crypto exchange FTX, also recently…

XRP Price Drop Vs. BTC, ETH: Lawyer Dissects Driving Forces

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The XRP price dynamics, in comparison to its more dominant counterparts, Bitcoin (BTC) and Ethereum (ETH) have been a subject of intense scrutiny and debate. Pro-XRP lawyer Bill Morgan recently shed light on this perplexing trend through a detailed discourse on X (formerly Twitter), sparking a wide array of responses and theories from the community. Morgan, reflecting on the long-term performance of XRP, pointed out a noticeable trend: “The XRP price dynamic seems to be to move with the market meaning BTC and Ethereum but to gradually over the long…

2024 Could Be Breakout Year for Ether (ETH): Analysts

Institutional crypto firm ETC Group, in its annual report, discussed a bullish outlook for the ether-bitcoin ratio and explained that despite 2023’s inscriptions-led boom in Bitcoin’s network activity, Ethereum remains the dominant chain for building decentralized applications, NFTs, and tokenized assets. Source