Calls for Ethereum Rally Grow as 50K ETH Go Out of Supply
The staking process on Ethereum 2.0 is live for almost a week now. And it has left the cryptocurrency in a moderately bullish state. ETH/USD is up more than 12 percent on a month-to-date timeframe, trading at circa $447 as of 1252 GMT. The pair’s move uphill appears in the wake of a strong Bitcoin […]
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The Global M2 Money Supply has been on the rise over the last year, reaching new peaks in the process. This chart was widely applied to the Bitcoin price as analysts believed that it projected Bitcoin reaching new peaks. So far, the Bitcoin price has already climbed to $124,400 with the money supply chart, and now, analysts are applying the same Global M2 Money Supply chart to the Ethereum price, showing that the altcoin could land at 5-figures soon. What The Global M2 Money Supply Says About Ethereum Price Crypto and market analyst Ted Pillows has taken another route when it comes to....
Ethereum is now the third largest blockchain by stake committed, and has plenty of room to grow. Little more than a month after launching, the Ethereum 2.0 blockchain now holds 2.7 million Ether (ETH), worth $3.8 billion.The combination of the Ether price rally and an ever increasing amount of stakers have propelled the Ethereum 2.0 blockchain to become the third largest blockchain by staked funds. This is an increase of more than 1 million ETH since Cointelegraph’s last progress report on Dec. 18. Since then, Ethereum surpassed Tezos (XTZ) but is still lagging behind both Polkadot (DOT),....
Growth in DeFi, increasing on-chain activity and the strength of the bullish Ethereum options market helped send Ether price to a new all-time high at $1,500. The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain network, achieved a new all-time high at $1,500 today. Data suggest that the ETH options market showed dominant call activity and this may be a primary factor in the rally to a new high.Across major exchanges, the price of ETH surpassed $1,500, after the options market showed dominant call activity.In the options market, there are two types of contracts:....
On-chain data shows the Ethereum Supply on Exchanges has plunged to a new all-time low as investors have continued to withdraw ETH. Ethereum Supply On Exchanges Has Continued Its Downtrend Recently In a new post on X, the on-chain analytics firm Santiment has discussed about the latest trend in the Supply on Exchanges for Ethereum. […]