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What are the chances of Ethereum hitting $3000 this week?

After trading 10% below the price from last week, Ethereum was at the $2500 level. The price action was largely range-bound and depended on the liquidity and volatility across exchanges. Liquidity continued to remain low; 41% of ETH was concentrated in large investors’ wallets. The accumulation and wiping off of ETH balance from exchanges has […]

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Ethereum on exchanges hit a 2-year low; so what does this mean for its price?

Ethereum’s recovery is ongoing with the asset just around the $2,500 level. The market capitalization was at $323.4 Billion, based on data from coinmarketcap.com and with the ongoing rally, the percent ETH balance on exchanges has hit a 2-year low. The Ethereum balance across exchanges continued dropping over the past months, however, it has hit […]

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The possibility of Ethereum achieving this gets real every day!

Ethereum’s market capitalization of almost $320 billion, at press time, was less than half of Bitcoin’s own market capitalization. This, despite the fact that Bitcoin continued to remain rangebound below the $40,000-level. Here, it’s worth looking back at a time when Ethereum’s market capitalization hit half a trillion and the flippening narrative became popular. Despite […]

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How lucrative is it for traders to buy Ethereum now?

Ethereum’s rally to $6,000 is a narrative supported by its increasing market share and capitalization. The altcoin, at the time of writing, was still rangebound around the $2,800-level, based on data from CoinMarketCap, with its market capitalization just under $320 billion too. Combine this with EIP 1559 and the transition to PoS, and it is […]

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Vitalik Buterin Says People Difficulties Not Technical Difficulties Slowed the Ethereum 2.0 Rollout

The cofounder of Ethereum, Vitalik Buterin, recently discussed the highly anticipated full transition from a proof-of-work (PoW) consensus model to proof-of-stake (PoS) as its replacement. Buterin admitted at Hong Kong’s Startmeup HK 2021 Festival that the transition was taking too long and highlighted that it wasn’t technical problems but “related to people.” Buterin: ‘If You Build a Team, It Is Important to Know Who You Are Working With Vitalik Buterin has discussed the anticipated Ethereum 2.0 transition during the Startmeup HK 2021 Festival in Hong Kong this past week. The Ethereum cofounder detailed that he understood the changes were taking…

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What are the chances of Ethereum posting seven consecutive profitable quarters?

The volume of Ethereum being traded across exchanges has dropped 30% in the last 24 hours, however, this is feeding the ETH scarcity narrative. This is bullish for ETH both in the short and long term. Following a drop in ETH percent supply and balance across spot exchanges in the past few weeks, the altcoin […]

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This Ethereum metric exceeds Bitcoin’s again! Here’s the impact

Trading below the $2500 level, Ethereum’s rally is faster, post the recovery. What’s interesting is that the Ethereum options volume has surpassed that of Bitcoin few times in a row. Based on data from Skew, options volume dropped consistently since May 24, and is consistently below $500 Million. With several flippening metrics like transaction fees, […]

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This fact makes Ethereum’s current rally different this way

Ethereum’s rally to $3000 has more volatility than observed last week. In the past 24 hours, the price was up over 9%. Despite this according to analysts, Ethereum continues to remain undervalued. With a high correlation with Bitcoin, Ethereum’s rally is expected to be a long and sustainable one this week. Bitcoin hit $40000 after […]

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These 3 factors will determine if Ethereum’s recovery will be sustainable

Ethereum’s recovery is well underway, with the price holding near the $2000 level. Despite a price drop of nearly 45% in the past week, over 85% ETH HODLers are profitable at the current price level. The number of large transactions dropped over the past week, there were $193.39 Billion worth of large transactions on the […]

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Despite price drop, around 93% of Ethereum investors are still facing this

Ethereum has become the engine for many other crypto-applications, from DeFi to NFTs. ETH’s recent price rally, the one followed by a bloodbath, has increased the % supply of ETH on spot exchanges. That being said, however, it hasn’t recovered completely. ETH, at press time, was trading at the $2,671-level. While the price was observed […]

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What’s the prevailing price plot for Ethereum?

Ethereum’s price has recovered from the weekend blues: the price is up 7%. There is an uptick in exchange inflows after a consistent drop in percent balances across exchanges since the end of April 2020. However, the overall exchange net flow has hit a 1-month low based on data from Glassnode. Ethereum’s market cap has […]

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This ETH metric has dropped! Here’s how it affects Ethereum’s price

The recent dip in Bitcoin and Ethereum’s price has led to a stagnancy in the ongoing altcoin season. The movement of the assets that were held dormant by HODLers has shifted the trend in the price rally. Currently, the price has dropped, however, the narrative for altcoins is likely to change, looking at the data […]

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What should traders know about profiting off of Bitcoin, Ethereum’s divergence

Breaching the $500 Billion mark in market capitalization, Ethereum has offered positive ROI to 100% HODLers at the current price level. The network has supported $303 Billion worth of transactions in the past week. On-chain sentiment is currently bearish, however, that is expected to change in the following weeks. Since Bitcoin is expected to start […]

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This fact offers insights into how much Ethereum’s price can grow

Ethereum’s market capitalization is now greater than all the largest banks in the world. Based on market cap, it now ranks above JP Morgan Chase, Bank of America, and Wells Fargo among others. Additionally, unlike Bitcoin, Ethereum holdings have been decreasing across spot and derivatives exchanges. This is likely to have intensified the sell-side liquidity […]

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Ethereum’s path to $6000: Before that rally, here’s what you can expect

Typically, the cryptocurrency market witnesses retraced highs of several altcoins. This was the case with Ethereum; the alt dropped below the $3800 level within 24 hours after breaching a new ATH. The new ATH above $4197 was held briefly before a near 5% drop in price. The trade volume has increased by over 20% across […]

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Szárnyal ez Ethereum DeFi szektor

Érdekes diagram tűnt fel nemrégiben a különféle elemzésekkel foglalkozó Glassnode oldalán. Ebből az volt látható, hogy egyre több Ethereum hagyja el a centralizált pénzügyi szektort és tőzsdéket és lép be a DeFi szektorba. Ez pedig ahhoz is hozzájárulhat, hogy az ár és a kereslet az ethereum irányába továbbra is magasan maradhat. A Glassnode elemzése szerint sokáig nagyjából ugyanakkora mennyiség volt megtalálható a centralizált tőzsdéken, mint a DeFi-szektorban, viszont január óta megindult egyfajta kiáramlás. Ez ahhoz vezetett, hogy ma már kétszer annyi ethereum van okosszerződésekben, mint a centrális tőzsdéken. Ethereum DeFi vs. CeFi Az egyébként, hogy okosszerződésekben van az ethereum, nem…

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Ethereum continues wild run, ETH price breaks $4,000 for the first time

The second-largest digital asset doesn't look to be stopping its meteoric rise anytime soon. Ether (ETH) eclipsed $4,000 for the first time on May 10, passing the psychologically significant barrier on multiple exchanges including Coinbase. The new milestone comes just a week after breaking $3,000. ETH/USD 4-hour candle chart (Coinbase). Source: TradingviewLast week, ETH overtook Bank of America as the 28th largest asset in the world. But at $454.49 billion as of today, ETH has now eclipsed the market cap of consumer staples giants Wal-Mart and Johnson and Johnson, and is knocking at the door of JPMorgan Chase — the largest…

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Matic is nearly wiped off of exchanges! What is the effect on the price?

Ethereum’s price rally may have stunted the growth of most other altcoins, however, Polygon MATIC is now pretty much wiped off the exchanges. While in early January 2021, there was 1.24 Billion MATIC on spot exchanges and now in May 2021, in over 4 months, only 88.49 Million MATIC remains. On-chain sentiment suggests that retail […]

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