Justin Sun makes $69M profit by selling Ethereum, while whales strategize with both accumulation and sales during the price rally.
The significant dumping of $2.2K-$2.4K puts (bearish bets) signaled a market sentiment shift in the options market, as large players didn’t expect ETH to drop to $2.4K again.
The Ethereum network is preparing for the Pectra upgrade to go live on the mainnet in the first quarter of 2025 through the Mekong testnet.
Two long-term Ethereum whales from the ICO era re-emerged, collectively selling 33,701 ETH worth $89.11 million as the ETH price rallied to $3,000.
The low demand for Ethereum among institutional investors will soon change as Bitcoin dominance hovers around a major psychological resistance level.
On-chain data shows that more institutional investors are more interested in Bitcoin compared to Ethereum but the narrative will change soon amid anticipated altseason.
Ethereum co-founder Vitalik Buterin has shared full update on The Splurge and advancements to watch out for.
HKEX’s new index series is the first in Hong Kong to align with EU financial standards.
Ethereum price continues to struggle around $2,500, with the ETH/BTC trading pair reaching its lowest level since April 2021.
Bitcoin is seeing partial recovery to $68,000, with a record $4.5 billion in options expiring today. Ethereum also has a substantial options expiry worth $1.01 billion, or 403,426 contracts.
Ethereum sentiment has turned negative as investors reportedly shift to SOL and ETH.
The US spot Ethereum ETF issuers reported a total net cash outflow of about $20.8 million on Monday, amid a notable whale sell-off on CEXs.
Despite the institutional investors favoring Bitcoin over Ethereum as shown by the US spot ETF market, the latter has outshined the former in the recent bullish breakout.
As part of the upcoming “Scourge” upgrade, Ethereum co-founder Vitalik Buterin addresses the risks of staking centralization in the Ethereum network and proposing several strategies to mitigate these risks.
The rising demand for Ethereum, as shown by notable cash inflows to US spot Ether ETFs in the recent past, is a major boost for the ongoing bullish outlook.