Dormant Wallet Shifts 10.2K ETH Amid Silvergate Debacle; Ethereum Price Dump Ahead?

Ethereum Price News: Ethereum, the worlds second largest crypto, is trading under immense selling pressure due to the increased volatility due to the Silvergate Debacle. Investors look hesitant to reenter the market as Silvergate warned of going out of business in the latest filings. However, a dormant whale wallet was caught moving out of its reserve amid the collapsing market.  Can ETH Whale Lead To Price Dump?  As per the On chain data, a dormant whale wallet moved out 10,266 of its Ethereum reserve in multiple transactions amid the recent price dip. The whale address shifted approx $16 million worth of ETH in a single transaction. Tracker reports that the moved Ethereum was obtained through mining in 2017.  It added that out of moved 10,266 Ethereum, the whale transferred 1,322 ETH (approx worth $2 million) to the Poloniex crypto exchange. However, Ethereum price has taken a hit of around 5% over the past 7 days to trade in the range of $1.6 price level.  After recovering from the Sam Bankman-Frieds (SBF) FTX fallout, the crypto market saw another major dump in the first week of March. California-based bank, Silvergate Capital Corp decided to halt its digital asset payment network. This comes after the bank

2023-03-06Ethereum

Ethereum May Hit a 3-Digit Price Mark Soon, Here’s Why

A sudden outflow of significant customers from crypto bank Silvergate over the past few days has raised concerns about its viability, and key cryptocurrency prices have fallen over the weekend as a result.  An increase in liquidations was recorded as a result of the price decline. The 2nd of March saw the closing of long positions in the cryptocurrency futures market worth more than $210 million, according to the data analytics website Coinglass. Its at its highest point in a month.  According to a popular cryptocurrency analyst, Ethereum (ETH) may still spiral downward until it reaches its bear market bottom. Nicholas Merten, the host of the YouTube channel DataDash, said that after the update, ETH might plummet over 90% from its all-time high, which would bring it down to only a few hundred dollars, if past bear markets are any indicator.  “The long-term ETH to USD pair still has a long way to go. We are right only 67% down from the [highs], we only went about 82%, but if we are doing anything like the traditional bear market, its important to realize just how big of a difference 82% down from all-time highs is from, say, 90%.”  The gap, according to him, is

2023-03-06Ethereum

Voyager sells ETH; should short-term Ethereum holders be worried? 

Voyager sold 1,449 $ ETH via Wintermute and received 2.25M $ USDC 2 hrs ago, the selling price is $1,553.  Ang Voyager ay nagbebenta pa rin ng mga asset at kasalukuyang may hawak ng:  - 148,774 $ ETH($233.5M)  – 5.17T $ SHIB($57.78M)  - 1.44M $ LINK($10M)  – 1.17B $STMX($7.3M)  - 411,052 $ AVAX($6.7M)  ... pic.twitter.com/VnaJJUh5nv  — Lookonchain (@lookonchain) Marso 5, 2023  Should Ethereum HODLers be worried?  ???? #Ethereum $ ETH Ang bilang ng mga Address na May hawak na 1+ na Barya ay umabot lamang sa taas na 1-buwan na 1,743,911  Ang nakaraang 1-buwan na mataas na 1,743,906 ay naobserbahan noong 04 Marso 2023  - Mga alerto sa salamin (@glassnodealerts) Marso 5, 2023  Pinagmulan: Santiment  The future looks secure  ???? #Ethereum $ ETH Ang Kabuuang Halaga sa ETH 2.0 Deposit Contract ay umabot lamang sa isang ATH na 16,694,295 ETH  Previous ATH of 16,693,623 ETH was observed on 04 March 2023  - Mga alerto sa salamin (@glassnodealerts) Marso 5, 2023  Gayunpaman, ETHs taker buy-sell ratio turned red. This was a negative signal, as it indicated that selling sentiment was dominant in the derivatives market.

2023-03-06Ethereum

These Bitcoin (BTC) Price Indicators Might Signal Next Rally

Glassnode‘s lead crypto analyst who goes by @_Checkmatey_ on Twitter shares elements of reliable ’extremes indicators of Bitcoin (BTC) cycles  Four cycle top indicators by Glassnode lead analyst  Are we in bullish market?  As per the estimations of a seasoned analyst, a reliable cycle top indicator is activated when three oscillators out of four are simultaneously at extremes.  Four cycle top indicators by Glassnode lead analyst  In his recent tweet, Checkmate shared with his 75,000 followers a list of four popular on-chain oscillators. Once three of them are at extreme points, it becomes obvious that the Bitcoin (BTC) market reached its top in an ongoing cycle.  #Bitcoin Confluence is your friend.  This WIP tool seeks +/- 1-standard deviation extremes across four popular on-chain oscillators:  – ????MVRV Ratio  – ????Puell Multiple  – ????aSOPR  – ????Reserve Risk  Signal is designed to fire off when at least 3-of-4 of the signals are at an extreme.   — _Checkɱate ????⚡????☢️????️ (@_Checkmatey_) Marso 4, 2023  This list includes the MVRV Ratio, i.e., the ratio of the BTC market capitalization to its realized capitalization, the value of the coin compared to its price when last moved. This oscillator displays how many holders are in profit right now.  Then, analysts need to track the Puell Multiple, which is calculated by dividing the

2023-03-06Bitcoin

Ethereum [ETH] traders embrace higher leverage to boost earnings

ETH is experiencing a surge in leverage trades following the volatility and demand slowdown since early February. A contrast to its performance in January, but recent observations suggest an increased risk of liquidations which may bring about a surge in volatility.  自 2 月初以来的波动和需求放缓之后,eth 的杠杆交易正在激增。与其 1 月份的表现形成鲜明对比,但最近的观察表明清算风险增加,这可能会导致波动性激增。  Green ba ang iyong portfolio? Tingnan ang Ethereum Profit Calculator  green ba ang iyong portfolio? tingnan ang ethereum profit calculator  Ang isang kamakailang Pagsusuri ng CryptoQuant looked into the potential for the Ethereum futures market being overheated. The analysis was based on the observed surge in the demand for leverage among futures market participants.  ang isang kamakailang pagsusuri ng cryptoquant 调查了以太坊期货市场过热的可能性。该分析基于观察到的期货市场参与者对杠杆需求的激增。  The uptick in leveraged trades reflects the lower demand in the market, hence the lower enthusiasm in price action.  杠杆交易的增加反映了市场需求的减少,因此价格行动的热情降低。  Pinagmulan: CryptoQuant  pinagmulan:cryptoquant  A surge in demand for leverage is often associated with a higher risk of longs or shorts liquidations. A volatility surge usually accompanies a large liquidation due to the subsequent short squeeze or long squeeze. But is ETH currently headed for such a scenario?  杠杆需求激增通常与多头或空头清算的风险增加有关。由于随后的空头挤压或多头挤压,波动率飙升通常伴随着大量清算。但 eth 目前正走向这样的场景吗?  ETH liquidations quickly shut down bullish expectations  eth 清算迅速打消看涨预期  ETH long and short liquidations might reveal some interesting insights about the state of demand.  eth 多头和空头清算可能会揭示一些关于需求状态的有趣见解。  On the other hand, ETH shorts liquidations dropped since the start of

2023-03-06Ethereum

Coinbase’s NFT Marketplace and Ethereum Layer-2 Network

Ethereum Mga NFT  NFT Marketplace at Ethereum Layer-2 Network ng Coinbase  4 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  The head of protocols at Coinbase shared the plan for NFT marketplace and Base.  The company is working to change the misconception of people as it is ready to do product innovation, its head of protocols said.  At ETH Denver, Coinbase‘s head of protocols Jesse Pollak said that the company is aiming to change the thoughts of most people. As he said “If we look at the history of Coinbase and crypto over the last 10 years, it’s been very trading-centric. Our investment in Base is an investment in creating a platform that makes it easy for developers to build useful products on an on-chain platform, and then makes it easy for users to use those products through interfaces like Coinbase and Coinbase Wallet.”  Base is an Ethereum layer-2 sandbox for decentralized applications. Coinbase– a crypto exchange, launched Base last month. And joining Coinbase in the launch includes some blockchain companies such as oracle network Chainlink, Ethereum block explorer Etherscan, and DeFi protocol Aave.  Earlier this year, the crypto exchange added new features to its Coinbase Wallet. The feature includes transaction previews, token approval alerts, a blocklist of

2023-03-06Ethereum

Crypto Market Analysis: Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) Prices are Heading to these Levels Next Week!

Bitcoin crypto Ethereum  Crypto Market Analysis: Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) Prices are Heading to these Levels Next Week!  46 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  This week the crypto market witnessed massive headwinds as investors liquidated enormous funds due to the ongoing uncertainty brought by the SEC‘s crypto crackdown. Moreover, crypto companies are ditching Silvergate Bank like it’s going out of style after the bank issued a warning that it might not be able to keep operating. The warning was prompted by the banks losses from selling debt securities at a loss, leaving it undercapitalized. This resulted in a sharp price drop for Bitcoin and major altcoins like Ethereum and XRP.  Crypto Market To Extend Its Turmoil Next Week  Bitcoin, Ethereum, and XRP are trading lower today, causing the market to be partially red. However, some other major coins are experiencing a surge in value. It is anticipated that there will be a severe price plunge para BTC, ETH, and XRP sa susunod na linggo.  Pagsusuri ng Presyo ng Bitcoin  Bitcoins price is now tumbling near the $22K price level as it has formed a low near $21.9K. However, the asset quickly claimed the $22K level after gaining a slight amount of long

2023-03-06Ethereum

Bankrupt Voyager Sells 1,449 ETH for 2.25M USDC via Wintermute

Ethereum  Bankrupt Voyager Sells 1,449 ETH for 2.25M USDC via Wintermute  57 segundo ang nakalipas  Balita ng Ethereum ng Bitcoin  Voyager received 2.25 million USDC after selling 1,449 ETH at $1,553 per token.  The bankrupt CeFi reportedly embarked on a selling spree in the middle of February 2023.  Despite the sales, Voyager reportedly holds up to $530 million in various cryptocurrency tokens.  The blockchain analytical tool, Lookonchain, tweeted that Voyager, the bankrupt centralized finance (CeFi) platform, sold 1,449 ETH via the leading crypto market maker, Wintermute. According to Lookonchain, Voyager received 2.25 million USDC for the trade after selling each Token ng ETH para sa $ 1,553.  Voyager filed for bankruptcy in July 2022 and has reportedly embarked on a selling spree since the middle of February 2023. Earlier in the month, Lookonchain reported that the defunct financial company transferred millions of dollars to Coinbase using multiple cryptocurrencies, including Ether, Shiba Inu, and Chainlink. Altogether, Voyager used 23 different tokens to carry out the transfers.  Days after, on February 24, Lookonchain reported that Voyager received up to 100 million USDC as payment from sold tokens. The recent sale of 1,449 ETH for 2.25 USDC suggests a continuation of the massive sell-off earlier reported.  Voyager reportedly holds up to $530 million

2023-03-06Ethereum

Just 16% of Ethereum Stakers Are in Profit Ahead of Shanghai Upgrade

Ethereum  16% lang ng Ethereum Stakers ang Nasa Profit Bago ang Shanghai Upgrade  3 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Ethereums Pag-upgrade ng Shanghai is just around the corner and that means users are starting to place their bets.  All of the attention on this specific upgrade revolves around one thing: withdrawing staked Ethereum. Since staking Inilunsad back in December 2020, the network just embarking on its journey to a consensus algorithm, those who locked up their funds havent been able to withdraw those funds.  Thats expected to baguhin in April. But is it bearish or bullish?  Some have argued that folks are going to quickly withdraw their ETH and dump to realize some gains.  Those gains won‘t be much though. If you’d locked in your holdings on December 1, 2020, the price of ETH was $612. Selling at current prices means youd still nab a whopping 156% win.  Those are certainly respectable gains, but for a pretty slim majority of users.  In fact, in dollar terms, since staking began, just 16% of stakers are in the money, per Dune. Were the upgrade to be executed today, the vast majority of users would be hit with some pretty serious losses.  It‘s impossible to know what people will do when

2023-03-06Ethereum

Bullish momentum holds above $1,571 as ETH eyes $1,600 – Cryptopolitan

Ethereum  Ang Bullish momentum ay humahawak sa itaas ng $1,571 habang ang ETH ay tumitingin ng $1,600 – Cryptopolitan  3 minuto ang nakalipas  Balita ng Ethereum ng Bitcoin  Ang mga kamakailan Ethereum price analysis shows the ETH token is trading in an ascending trendline in the last few hours, with a daily price increase of 0.34%. ETH is currently trading at $1,571 and could soon break out of the key resistance levels to surge even higher if the bullish momentum continues.  The ETH/USD pair is attempting to break out of the $1,571 level. If successful, it could see a sharp rise above the $1,600 level. On the other hand, if the bulls fail to hold their ground above this resistance line, then a drop toward the $1,551 support line is possible in the near term.  Mapa ng Cryptocurrency heat. Pinagmulan: Coin360  The bullish momentum is strong, with a 24-hour volume of $5,118,618,118, while the market capitalization is currently at $192,162,227,000, with an increase of 0.35% in the past 24 hours, as per data from coinmarketcap.com.  Ang isang araw Ethereum price analysis confirms the uptrend as the price is seen reaching the $1,571 level after the continuation of the bullish trend since today afternoon. The cryptocurrency has gained 0.33

2023-03-06Ethereum
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