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Ethereum’s recent price movement reveals a lack of strong support around its current price level. Many investors are tentative about re-engaging at these levels. The cost basis distribution of Ethereum shows minimal buying interest around the current price. There is no activity to speak of from the addresses that hold Ethereum at a $1.8K cost … Read more
The decentralized finance (DeFi) ecosystem keeps on growing apace, now surpassing a major milestone that has pushed the total value locked (TVL) beyond a whopping $101.5 billion, according to the latest data from OKX Explorer’s DeFi Leaderboard. This impressive figure certainly highlights the ongoing evolution of DeFi and shows how much we are now full … Read more
The cryptocurrency market is familiar with enormous transactions, but when an address with significant assets moves over $45 million worth of Ethereum, it certainly captures the interest of investors and traders. A massive transaction recently took place on the Binance exchange when a whale identified by the Ethereum address 0x15Bb5D31048381c84a157526cEF9513531b8BE1e, deposited 22,000 Ethereum, worth an … Read more
A striking show of growth and dominance was exhibited by Binance Wallet, which hit a major milestone on March 18. In one day, its trading volume reached $90.556 million. That was 54.1% of the total volume in the crypto wallet sector on that day. Binance Wallet, in a very short time, increased its market share … Read more
In recent times, Ethereum has faced a lot of selling pressure, with the last three months marking its most significant selling volume, according to Ki Young Ju, who runs CryptoQuant. The entire cryptocurrency market and Ethereum—by extension—have seen downturns recently, along with some persistently bearish outflows from Ethereum spot ETFs. Nevertheless, it looks like Ethereum … Read more
One of the top cryptocurrencies in the market, Ethereum ($ETH), has seen a huge rise in activity in the market over the past 24 hours. The quantity of active Ethereum addresses increased by 17%, going from 429,000 to 503,000; this means way more users are engaging way more with the network. We might even say … Read more
Bitcoin (BTC) has long held a dominant position in the cryptocurrency market for years. However, recent trends show a shift in the landscape as Bitcoin’s market dominance faces increasing pressure from Ethereum (ETH) and other Layer 1 networks. While Bitcoin’s dominance in terms of market capitalization has been steadily increasing since 2022, when measured by … Read more
Ethereum’s market behavior has been observed by both investors and analysts as the second-largest cryptocurrency navigates a period of market uncertainty. Recent data concerning Ethereum’s cost basis distribution provides valuable insight into what could be potential support and resistance levels, helping to shape the price movement in the short term. By analyzing in detail the … Read more
In the atmosphere of cryptocurrency, few occurrences are as revealing as large-scale token outflows, especially when they involve a hefty sum of Ether (ETH) getting taken out of circulation. In the last several days, more than 400,000 ETH have been withdrawn from the Kraken exchange. This is stoking a lot of new conjectures among analysts, … Read more
The cryptocurrency market has seen some stirring developments with Ethereum of late. Over the last couple of weeks, there have been transfers of over 610,000 ETH tokens to various trading platforms. That influx of tokens has caused some to wonder if we’re on the verge of a significant price movement for Ethereum—and what kind of … Read more