Ethereum Enters Accumulation Phase As $500 Million ETH Leave Exchanges
Investors are accumulating Ethereum in droves amidst what could become a return to bullish sentiment for the cryptocurrency. Ethereum is currently ranging around $3,170, with its price undergoing volatility in the past seven days. Amidst this price volatility, on-chain data has revealed an accumulation trend from Ether investors during the week. Additionally, transaction data has shown an uptick in whale movement of ETH to and from exchanges, with recent market happenings indicating a transformation in the price of the crypto asset. Related Reading: All Quiet On The Bitcoin ETF Front –....
Related News
Over the last few weeks, there has been a clear accumulation trend among Ethereum holders. ETH had spilled out of exchanges at a high rate, following the same movement of BTC out of exchanges. The volume of ETH pointed toward whales taking large positions in the digital asset. The result of their accumulation is now […]
Bitcoin and Ethereum outflows from centralized exchanges have been pointing toward a growing accumulation trend among investors. This saw billions of dollars worth of coins leaving exchanges weekly as investors moved them out. Even now, the exchange outflows have continued despite the recovery in the price of bitcoin and Ethereum, showing that investors are not slowing down their buying. Bitcoin, Ethereum Net Flows Still Negative The exchange net flows for the past two weeks have been coming out negative for both Bitcoin and Ethereum. The same has been the case on a daily basis where....
Bitcoin is now caught within a persistent and relatively tight accumulation phase between $10,600 and $10,800 The cryptocurrency has been unable to post any type of ardent reaction to either of these levels, and has mainly traded in between them at $10,700 BTC’s ongoing bout of sideways trading has done little to offer insight into its near-term outlook, but investors are noting that a fresh trend may be approaching One trader recently put forth a […]
$9 billion in Ethereum was withdrawn from exchanges within the past three days, suggesting that whales might be accumulating. A Massive 2.2M ETH Exited Exchanges In The Last Three Days Alone As pointed out by a CryptoQuant post, on-chain data shows around $9 billion in Ethereum was taken off exchanges in the past few days. The indicator of relevance here is the “exchange reserve,” which measures the total amount of ETH present in exchange wallets. When this metric’s value goes down, it means investors are withdrawing their Ethereum from exchanges. Such a trend may be a....
Ethereum has released the ninth and final phase in the Ethereum Proof-of-Concept series, and the project has asked the Bitcoin community to take part in the "ongoing" Proof-of-Concept IX testnet in their most recent release, Olympic, which is now available here. As Vitalik Buterin details on the Ethereum blog: The purpose of Olympic is to reward people who try to test the limits of the Ethereum blockchain during the pre-release period, spamming the network with transactions and doing crazy things with the state, so that we can see how the network holds up under high levels of load. At the....