In a powerful show of investor confidence, spot Ethereum exchange-traded funds (ETFs) broke all records in July with $5.43 billion in net inflows. It marks the highest monthly inflow since their market debut and reflects a sharp 369% rise from June’s inflow of $1.16 billion. With 20 straight days of net inflows, spot ETH ETFs…
Ethereum might actually be outperforming every other cryptocurrency right now, and on-chain data shows that this is likely due to a series of accumulations on the back end. Ethereum recently bounced off $3,730, which in turn sent its price climbing back above the $3,800 mark and caused optimism that it could make another attempt toward…
Ethereum has entered a correction phase after weeks of aggressive buying pressure that pushed the price to a local high of $3,940. Following this rally, ETH has retraced over 12%, breaking below the $3,450 level as the market digests recent gains. The sharp pullback has sparked concerns of a deeper correction; however, on-chain data and…
On-chain data shows the Ethereum Daily Active Addresses metric has shot up recently. Here’s what this could mean for the cryptocurrency. Ethereum Daily Active Addresses Near Highest Level In 2 Years According to data from institutional DeFi solutions provider Sentora, the Ethereum blockchain has seen activity light up recently. The “Daily Active Addresses” is an…
Ethereum (ETH) dropped over 6% in the past 24 hours, sliding to around $3,630 after briefly touching the $3,800 mark. The pullback comes after a robust July rally, which saw the world’s second-largest cryptocurrency surge more than 50%, its best monthly gain in three years. Despite the recent dip, on-chain data suggests the uptrend may…
Ethereum is attempting to hold the crucial $3,600 support level after a modest pullback from recent highs. Despite the short-term correction, ETH remains one of the strongest performers in the crypto market, having surged over 85% since late June. Bulls continue to show strength, supported by weeks of sustained buying pressure and growing investor confidence….
Ethereum has faced an 8% correction since Monday, cooling off from its recent rally and slipping below the key $3,850 level. This move suggests that the bullish momentum that carried ETH higher in July is beginning to fade, with price now entering a critical consolidation phase. Bulls are still holding key support levels, but the…
The race for an Ethereum treasury reserve is heating up, as multiple big companies continue to accumulate the second-largest crypto asset at a rapid rate and scale. While accumulation at the institutional level has spiked, the Ethereum Foundation has lost its position as the leader in ETH holding rankings. New Institutions Overtake Ethereum Foundation In…
Eric Conner, a prominent Ethereum figure who helped design the network’s landmark fee-market overhaul EIP-1559 and recently left the ecosystem to work in artificial intelligence, said late Thursday that the US Securities and Exchange Commission’s new policy direction amounts to a dramatic tailwind for Ether. “The SEC just lit a rocket under Ethereum,” Conner wrote…
The Ethereum Foundation (EF) recently marked the tenth anniversary of the Ethereum blockchain with the launch of an ambitious new roadmap aimed at fortifying and expanding its ecosystem for the next decade. Ethereum Foundation’s New Roadmap In a blog post released on Thursday, the EF underscored Ethereum’s unique position in the blockchain landscape, boasting 100%…