Arthur Hayes, co-founder of BitMEX, sold 6,000 Ethereum at $1,690 per coin, incurring a loss of about $606,000 as ETH struggles to hold the $1,700 support level. This move surprised investors since Hayes is known for buying low and selling high, raising doubts about his confidence in Ethereum's near-term price. Despite Hayes' sell-off, large investors or whales continue to accumulate Ethereum aggressively, indicating mixed market sentiment. The price of Ethereum remains under pressure, with analysts warning it could drop further to $1,500 if selling intensifies, while some hope for a rebound to $1,900.
Institutional investors are increasingly accumulating Ethereum, with ETFs and corporate treasury firms now controlling nearly 11% of the total ETH supply. BitMine Immersion Technologies leads corporate holders with about 5.79 million ETH, while U.S. ...
Financial analysts highlight five cryptocurrencies as core components for a balanced long-term investment portfolio. Bitcoin serves as a stable foundation due to its limited supply and institutional acceptance. Ethereum leads in smart contract and De...
Ether.fi has separated its Ethereum staking token weETH from restaking exposure by creating a new token, weETHs, for higher-risk, higher-yield restaking. This allows users to choose between standard staking rewards with weETH or additional restaking ...
Ethereum (ETH) has surpassed the key $1,800 MVRV pricing band, signaling a potential rally towards $2,300 and possibly $3,000, a major resistance zone. The recent formation of an MVRV Momentum golden cross and a bullish MACD support a strong upward t...
DeFi's total value locked (TVL) slightly declined to $75.12 billion, down 0.3% from last week and about 34% below the year's peak, reflecting cautious capital deployment despite steady network activity. Ethereum remains dominant with over 55% of TVL ...
