Ether's price surged 7.46% to $2619 following US inflation data showing 3.4% annual growth, in line with expectations. This triggered a relief rally as investors reacted positively to the absence of worse inflation news, with short sellers buying back positions. Tom Lee of Fundstrat highlighted the potential for a broader rally in risky assets but did not set specific targets for Ether. BitMine, chaired by Lee, holds nearly 5% of Ether supply and continues weekly purchases, which could support prices if market conditions remain favorable. However, persistent inflation risks and Federal Reserve policies could still impact the crypto market's trajectory.
An early Ethereum ICO buyer who purchased 100,000 ETH at $0.31 each has transferred 1,000 ETH, valued at about $2.4 million, to Kraken. This wallet, active since 2014, still holds roughly 11,349 ETH worth $27 million. The move reflects a long-term pr...
Ethereum's deflationary advantage over Bitcoin is weakening as ETH burning rates have dropped sharply and annual supply growth nears Bitcoin's level. However, increased on-chain activity, including higher Ethereum Velocity, more active addresses, and...
Early Ethereum investors sold a total of 4,000 ETH from two wallets, with one ICO participant selling 1,000 ETH and another holder offloading 3,000 ETH worth $7.23 million. This activity coincides with Santiment's report of the largest daily net ETH ...
Ether (ETH) price fell 1.64% within an hour to $2,358 on Binance's ETH/USDT spot market, marking a $40 decrease from an hour earlier. Over the past 24 hours, Ether's value declined by 1.14%. During this hour, $22.4 million in long positions were liqu...
On October 21, U.S. spot Ether (ETH) exchange-traded funds recorded net inflows totaling $14.9 million. The Grayscale Ethereum Mini Trust ETF led with $28.1 million in inflows, followed by Fidelity’s FETH with $13 million. However, other Ether ETFs e...
