stETH-ETH Curve pool transactions show a buying spree for ETH despite...
Could this affect ETH’s price in the short term? It might or might not, but one attribute that did take a hit is the liquidation concern. As per CoinGlass, over the last 24 hours, the amount of liquidation was $346M.At press time, this number stood at $298.7M over the 24-hour mark. Now, ETH markets have rallied strongly off the back of a huge short squeeze in Futures markets.prices up by 12.5% on the charts.
One of the best measures of on-chain activity is the number of transactions a blockchain processes over a given time period. Here, the number of user transactions for ETH by more than 13%, as per CoinMarketCap. In addition to this, the Median Transaction Volume on Glassnode hit an 18-month low of $54.82.This is discouraging for the ecosystem as it may be suggestive of whale activity getting stagnated. Whale activity is often seen as an important indicator of the overall sentiment of a crypto-asset.… ETH’s staking activity seems to have gathered an impressive pace.
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Identifying what Ethereum [ETH] needs to push itself to $2K againProof of Stake on Ethereum is definitely the most anticipated event of the year. Finally, after multiple delays, it seems like a date has finally been set. The new consensus method is expected to arrive on the Ethereum blockchain on 19 September. Naturally, the first question isn’t if ETH will benefit from it, but HOW […]
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Identifying what Ethereum [ETH] needs to push itself to $2K againProof of Stake on Ethereum is definitely the most anticipated event of the year. Finally, after multiple delays, it seems like a date has finally been set. The new consensus method is expected to arrive on the Ethereum blockchain on 19 September. Naturally, the first question isn’t if ETH will benefit from it, but HOW […]
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