ETHEREUM PRICE ANALYSIS & PREDICTION (February 24) – ETH Faces Multiple Rejection While Retracing, May Resume Drops Shortly

Ethereum’s micro-outlook remains bearish but the price has continued to contract daily as it eyes a key level for a retest. It will likely resume bearish pressure once a rejection occurs – down 5% since yesterday. Since Ethereum made a sharp rejection from around $2,120 earlier this month, the market has remained uninteresting due to … Read more

Base’s Strong Start in Ethereum’s Layer-2 Space Faces Market Challenges in 2024

Ethereum’s new Layer-2 network Base debuted in 2024 and rapidly established itself as a go-to platform for retail traders whose ideal it is that transactions “be fast and cheap,” according to co-founder and CEO David Lim. Although Ethereum founder Vitalik Buterin has urged developers not to build their Layer-2 solutions “for the sake of advertising,” … Read more

Ethereum ETFs See Major Inflows, While Bitcoin ETFs Experience Modest Outflows

In February, inflows into Ethereum-based exchange-traded funds (ETFs) have swelled, bringing with them about 145,000 ETH into these funds this month alone. That is almost seven times the total net inflows that Ethereum ETFs saw throughout January. The surge in investment can be viewed as an underscoring of interest in Ethereum as a long-term asset … Read more

Binance Sells Off Major BTC and ETH Holdings: Market Impact and Implications

In the cryptocurrency world, almost nothing gets one’s attention like the transfer of sizable quantities of Bitcoin (BTC) and Ethereum (ETH), particularly when an industry titan like Binance is involved. Lately, Binance has found itself in the news, having recently offloaded a significant portion of its assets held in BTC and ETH, and this has … Read more

Ethereum’s Concentrated Supply: A Risk or Strength for the Future?

For quite some time, Ethereum (ETH) has held the position of being the second-largest cryptocurrency by market capitalization. It frequently plays the role of being in second place, following Bitcoin. In the last several years, Bitcoin has clearly been the leader, outperforming Ethereum. This has caused many in the crypto community to ponder: Is this … Read more

Ethereum Foundation Sets Up Multisig Wallet for Defi Participation

The Ethereum Foundation has announced the creation of a new multi-signature wallet using the Safenet platform to enhance its treasury operations and facilitate participation in the decentralized finance (defi) ecosystem. Ethereum Foundation Begins Transition to Safe Multisig Wallet The wallet, which operates on a 3-of-5 multisig structure, is located at address “0x9fC”. A transaction has … Read more

Ethereum Whales Accumulate 43% of Supply Amid Growing Institutional Interest

Ethereum whales are increasing their holdings at an unprecedented pace, now controlling 43% of the total supply. This marks a significant leap from early 2023, when their share was just 22%. The surge in accumulation is likely linked to the Ethereum Merge and the lucrative opportunities provided by staking. Ethereum whales keep accumulating and now … Read more

Ethereum Slips Further Behind as Competitors Steal the Spotlight

As the global cryptocurrency market capitalization expands to $3.59 trillion, the second-largest digital asset, ethereum (ETH), has struggled to keep pace with its peers. Over the past six months, its performance has lagged significantly, falling short of the momentum seen elsewhere in the sector. Stagnation Strikes Ethereum as Its Competitors Surge Ahead Lately, ethereum (ETH), … Read more