
Whales Continue to Accumulate Ethereum, ETH Rally Ahead?
Ether made a strong comeback with a 13% rally, drawing fresh whale accumulation.
Ether made a strong comeback with a 13% rally, drawing fresh whale accumulation.
A large Ethereum transfer from a foundation-linked wallet to Kraken has sparked fears of increased sell pressure amid ongoing price weakness.
Tron founder Justin Sun took to X to reveal his bullish stance on Ethereum, while adding that he won’t be selling a single ETH from his holdings.
Galaxy Digital sent almost $80 million in Ethereum to leading crypto exchanges Binance and Coinbase over the past five days.
Galaxy Digital’s $20 million Ethereum selloff has deepened bearish sentiment, though technical indicators suggest a possible rebound.
An Ethereum whale has added almost 16,000 ETH to its bag, suggesting that the downtrend for the market leader is almost over.
World Liberty Financial (WLFI) dismissed reports claiming the sale of $8 million worth of ETH earlier this week.
Vitalik Buterin has proposed a roadmap to fix privacy on the Ethereum Layer-1 chain, setting a new benchmark for protocol functionality.
Ethereum continues to underperform but the rising bearish sentiment could signal a bullish rally for the cryptocurrency, according to Santiment.
An Ethereum whale that has stayed inactive since 2022 has made a huge sale involving 10,702 ETH, raising concerns about the price outlook.
A dormant Ethereum whale, holding 10,000 ETH for over 900 days, sold its entire holdings for $15.71 million during the recent ETH price crash.
A long-dormant Ethereum whale has re-entered the market after seven years, depositing 2,000 ETH worth $3.11 million to Kraken and sparking Ethereum price crash concerns.
ETH has dropped 16% today, now trading at near $1,500, a level last seen in January 2018, sparking debate around its “ultrasound money” status.
Ethereum’s bearish sentiment has strengthened while the ETH-based investment products in the US ended their four-week outflow streak.
Ethereum finally deployed its Pectra upgrade on the Hoodi testnet. However, ETH price still gained downward momentum.
Ethereum News Today
Ethereum is a public blockchain network that gave rise to the most popular altcoin; ether (ETH). The Ethereum platform was developed by Russian programmer Vitalik Buterin in July 2015 and it features smart contracts as well as an open-source nature that avails its users the choice of designing their programs without the interference of third parties or middlemen.
Ethereum’s Ether (ETH) was built on the ERC-20 protocol and it is ranked the 2nd digital currency based on market capitalization which currently stands at over 18.8 trillion USD. The coin serves as the network fees to miners on the Ethereum platform.
On its launch in 2015, there were 72 million ETH tokens pre-mined after its ICO raised over 16 million dollars in 2014. On 13th January 2018, ETH reached an all-time high of over 1,432 USD. Few months after its launch in 2015, ETH’s price dropped to its all-time low of 0.4209 USD on 21 October 2015.
Eth News
Interestingly, users can also create their custom tokens on the Ethereum blockchain network. This unique feature as seen the platform often referred to as the leading decentralized Apps (dApps) and smart contracts platform. Decentralized Apps are run and implemented precisely as programmed after it is set out on the Ethereum network; this makes it hard to censor and reduces their vulnerability to attacks. Ethereum emphases on running software design codes of dApps.
When it comes to decentralized finance in the dApps industry, Ethereum boasts of leading all other blockchain platforms in the number of applications developed. Ethereum has made significant attempts to solve the scalability issues in the crypto space in recent years and appears to be making progress in that regard.
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