Record Retail Buying Cannot Push Ethereum Higher – Someone Bigger Is On The O...
Ethereum is struggling below $1,800 as selling pressure and uncertainty keep the price well below the levels that defined the earlier phases of this cycle’s recovery. The decline has been persistent rather than sudden — and CryptoQuant data has surfaced a combination of on-chain signals that reveals the behavioral dynamic beneath the price action in […]
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Ethereum continues to outpace Bitcoin in transaction fees, with DeFi mania helping push total fees to $166 million last month.
Ethereum price surged above the $12.00 level, and it looks like ETH/USD bulls gained a lot of momentum. Can they continue to push prices higher? Key Highlights. Ethereum price continued to trade higher vs the US Dollar, and traded above the $12.00 level. Yesterday, I suggested buying dips may be a good deal, and it looks like it played well as the price moved higher. There is a now a bullish trend line formed on the hourly chart (data feed via Kraken) of ETH/USD, which may act as a pivot area in the short term. Ethereum Price Trend Line as Pivot Area. Ethereum price ETH surprised many....
Ethereum has strongly outperformed Bitcoin over the past few months. The leading altcoin has pushed higher on the back of an influx of buying demand due to trends in the decentralized finance space, along with investors realizing that it was relatively undervalued to BTC. This rally allowed the Ethereum-to-Bitcoin pair to push higher, meaning that each ETH bought users more BTC. The pair gained around 70% from the lows of June to the highs in […]
The number of Ethereum addresses holding less than 0.01 ETH and 0.1 ETH has been climbing since early November against an ongoing price correction. Ethereum's native token Ether (ETH) has dropped by over 18% after establishing an all-time high around $4,867 on Nov. 10, now trading near $3,900. Nonetheless, the plunge has not deterred retail investors from buying the token in small quantities.According to data gathered by Glassnode — a blockchain analytics platform, the number of Ether addresses holding less than or equal to 0.01 ETH reached a record high level of 19.95 million on Dec. 4,....
Ethereum has been underperforming Bitcoin throughout the past couple of days, drifting lower while the benchmark crypto nears its 2020 highs Higher risk assets like ETH may be seeing tempered price action because investors fear the sustainability of BTC’s latest push higher If it can stabilize and see a continued bout of sideways trading, then assets like Ethereum may be able to push significantly higher One trader is noting that until $460 is flipped back […]