78,229 Ethereum Leaves Kraken As 4 New Wallets Move ETH: Institutional Accumu...
Ethereum is currently trading around critical price levels as the market shifts into a new phase. The momentum that propelled ETH higher earlier this year has started to fade, with the asset now entering a consolidation period. While some altcoins have managed to post modest gains and Bitcoin continues to trade sideways, Ethereum’s price action […]
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As the crypto market has taken a turn for the worse, institutional investors are phasing out their investments in Ethereum. The digital asset had been the victim of multiple outflows that had tanked its total AuM (Assets under management) and this trend has continued this week. Instead of moving to a larger competitor, Bitcoin, institutional investors are now moving to networks that are in direct competition with Ethereum. Big Money Leaves Ethereum To Algorand Algorand is one of the leading competitors of Ethereum which has been making waves in the decentralized finance (DeFi) space. Due....
The recent surge in the Bitcoin price was preceded by a significant amount of BTC leaving centralized exchanges. Over the past week, investors took to exchanges to remove their BTC holdings, supposedly for safekeeping in private wallets. 30,000 BTC Leaves Exchanges On October 18, crypto analyst Ali Charts revealed that more than 30,000 BTC had […]
On-chain data shows crypto exchange Coinbase saw a withdrawal of 400k Ethereum yesterday. This could be a sign of activity from institutional investors, and could prove to be bullish for the coin. Coinbase Observes Outflow Of 400,000 ETH As pointed out by a CryptoQuant post, about 400k ETH (1.5 billion at the current exchange rate) was withdrawn yesterday from the crypto exchange Coinbase. The indicator used here is the Ethereum outflow, which shows the total number of coins exiting wallets of the exchange. When the metric shows a big spike, it means a lot of ETH was withdrawn from the....
According to data from the on-chain transaction tracker Lookonchain, the Ethereum Foundation recently made a significant move by depositing 35,000 ETH, valued at $94.07 million, into crypto exchange Kraken. This substantial transaction has raised concerns within the Ethereum investor community, particularly since it occurred during a minor crypto market rally as the week came to […]
Ethereum price retained the bullish bias after a minor correction, and the current price action in ETH suggests more gains in the short term. Key Highlights. Ethereum price started to move higher once again vs the US dollar, and it looks like my yesterday’s idea of a test $20.0 is possible. There is now a channel pattern forming on the hourly chart (data feed via Kraken) of ETH/USD, which may act as a catalyst for the upside move. If the current momentum continues, there is a chance of an upside move towards $20.00. Ethereum Price Upside Move. Ethereum price ETH after trading towards the....