Ethereum dropped 10.2% this week, with the ETH/BTC ratio falling to 0.0275 amid weak performance in spot and derivatives markets. Market maker Wintermute states that Ethereum is "not the right asset for this macro" due to rising Treasury yields, renewed inflation concerns, and a market favoring hard assets and cashflow clarity over long-term tech bets. Ethereum's value depends on future fee growth, which looks uncertain in the current environment. Wintermute also warns that being long on Bitcoin is risky as it depends on institutional investors returning despite high yields and inflation uncertainty. Overall, crypto is caught between rising yields, liquidity favoring AI and equities, and muted inflows, making Ethereum particularly vulnerable.
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Arthur Hayes reversed his crypto strategy by purchasing over $3.7 million worth of Ethereum after selling 6,000 ETH at a loss of about $606,000 just weeks prior. This move follows his pattern of bold crypto trades and quick exits, which have drawn cr...
Ethereum is gaining strength, trading near $1,920 after surpassing its 26-day and 50-day EMAs, signaling renewed buying interest. The next key resistance is the 100-day EMA at around $1,944; a daily close above this could lead Ethereum toward the 200...
ETHSystems, a new Ethereum-focused non-profit backed by Bitmine Immersion Technologies and Ethereum co-founder Joe Lubin, aims to enhance privacy on the Ethereum network for institutional use. This marks the third non-profit stepping in as the Ethere...
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
