Category: Ethereum

Ethereum Could Be Set To Explore New Highs As On-Chain Metrics Light Up

On-chain data shows metrics related to network activity have spiked for Ethereum recently, something that could pave way for a further rally. Ethereum Transaction Volume & Whale Transfer Count Have Spiked Recently According to data from the on-chain analytics firm Santiment, Ethereum has seen an uplift in two activity-related metrics. The indicators in question are…

Ethereum Weekly Volume Hits $60 Billion As ETH Aims For Yearly Highs

Ethereum has staged an impressive 35% rally since last Tuesday, marking a bullish breakout as it tests crucial supply levels for the first time since late July. Investor sentiment is increasingly optimistic, driven by a surge in Ethereum’s on-chain activity.  Key data from IntoTheBlock reveals that transaction volume on Ethereum’s mainnet has reached its highest…

Ethereum To Outperform Bitcoin, Fund Managers Set $8,000 Target

The strong performance of Ethereum in recent days has caught the attention of experts. In several posts on X, prominent fund managers and industry leaders have projected a bullish outlook for Ethereum (ETH), positioning it to outperform Bitcoin (BTC) with a target price of $8,000. This optimism is underpinned by anticipated regulatory advancements for the…

Ethereum Surges Past $2,500: What The Futures Market Signals For Traders

After weeks of struggle, Ethereum finally broke above the $2,500 resistance as it traded for $2,631 post US election 2024. This surge in price has raised hopes that Ethereum may be gearing up for a fresh bull run. However, this optimism is tempered by cautionary notes from market analysts who closely observe the stance of Ethereum’s futures market.…

Ethereum Volatility Soon? Derivatives Exchanges Receive 82,000 ETH In Deposits

On-chain data shows derivatives exchanges have just received large Ethereum deposits, something that could lead to volatility in ETH’s price. Ethereum Exchange Netflow Has Seen A Sharp Positive Spike Recently As explained by an analyst in a CryptoQuant Quicktake Exchange Netflow” here refers to an on-chain indicator that keeps track of the net amount of…

Ethereum Futures Show Signs of Optimism: Will Positive Funding Rates Drive a Breakout?

Ethereum recent performance in the futures market is generating optimism among traders and analysts, according to insights shared by CryptoQuant analyst ‘ShayanBTC.’ As the second-largest crypto by market capitalization, Ethereum has garnered notable attention following an uptick in funding rates—a measure used to gauge the demand balance between buyers and sellers in futures contracts. Rise…

Analyst Says It’s ‘Time To Be Bullish On Ethereum’ As ETH Retests $2,700

On Wednesday, Ethereum (ETH) surged above the $2,700 mark for the first time in over a week, sparking a bullish sentiment among several crypto analysts. Some suggested that the second-largest cryptocurrency will soon break from the next resistance level and reclaim the $3,000 mark. Ethereum Retests $2,700 Ethereum surged above a key resistance level on…