Author: Crypto News Live

Ethereum’s underperformance could delay the much-awaited altcoin season.  Bitcoin’s rising dominance could derail altcoin performance post-Fed rate cuts.  Ethereum’s [ETH] muted price action and the lackluster performance of US spot ETH ETFs could delay the much-awaited altcoin season. In fact, on 30th August, the US spot ETH ETFs record zero flows across the board. One analyst referred to the zero flows as ‘sad’ and underscored a lack of interest.  ‘I just realised that yesterday’s $ETH flow was a literal zero. For some reason, that’s even more sad than a negative flow. No one on this planet cares about ETH anymore…

Selling pressure on Ethereum was rising over the past few days.  The NVT ratio indicated that Ethereum was overvalued.  Ethereum [ETH] investors were having a tough time as the bears continued to dominate the market. In fact, the latest data suggested that it might take even longer for the bulls to regain control. Let’s have a look at why it seemed likely for ETH bears to push the token’s price down further.  Ethereum troublesome future CoinMarketCap’s data revealed that Ethereum bears pushed the token’s price down by more than 10% in the last seven days. The bearish trend continued in…

Buterin’s Ethereum holdings dropped from 325,000 ETH to 240,000 ETH over three years. His recent transfer of 800 ETH sparked concerns about a potential selloff. Ethereum [ETH] co-founder Vitalik Buterin has made significant moves in the crypto market. This move has caught the attention of investors and traders alike. Recently, Buterin’s Ethereum holdings have seen a notable reduction, which has had a ripple effect on its price movements. According to the recent tweet from a renown analyst, Buterin made a move of 800 ether worth more than $2.1 million to a multi-signature wallet, fueling rumors of a potential for a…

Vitalik Buterin defended himself after his recent ETH sales Exec claimed that he uses the sales for valuable projects only Ethereum founder Vitalik Buterin and the Ethereum Foundation (EF) have been criticized by the community for allegedly selling their holdings and dragging ETH prices down. On Friday, Buterin sold over $2 million worth of ETH, which didn’t sit well with some ETH holders and traders.  One such critic, crypto trader CoinMamba, castigated the founder for selling his holdings just days after bull posting that “Ethereum is good.” This, while he avoided addressing the community about it.  “Vitalik once again talking…

ETH’s underperformance relative to BTC hit a yearly low Coinbase analysts linked weak performance to investors’ interests and other factors After peaking in March, the world’s largest altcoin, Ethereum [ETH], has continued to trail Bitcoin [BTC]. ETH hit $4k in March and attempted to retest the level after partial approval of U.S spot ETH ETFs later in the year. And yet, ETH has continued to underperform BTC. Even July’s final ETH ETF approval didn’t help the altcoin’s underperformance. In fact, it recently hit a yearly record low of 0.040 on the ETHBTC ratio, which tracks ETH’s value relative to BTC. …

While non-fungible token (NFT) sales saw a 24% boost the week before, the last seven days have witnessed a 4.3% dip. Meanwhile, the number of NFT buyers jumped by 31.48%, with sellers also on the rise by 25.86%. NFT Sales Drop 4.3%, But Buyer and Seller Participation Increased This past week, NFT sales were rather lackluster, dropping 4.3% compared to the previous week. Total sales reached $90,678,150, with Ethereum-based NFTs leading the charge at $32,195,968, although this figure represents an 8.26% decline, according to cryptoslam.io data. Solana claimed the second spot with $19.4 million in sales, marking a 6.39% increase…

Realized price of Ethereum suggests ETH is in a bull trend right now Ethereum’s price action and on-chain analysis seemed to support this analysis.  Ethereum [ETH] has remained resilient, holding above its realized price on the charts to highlight a bullish trend. This, despite a sharp decline over the past five months. Ethereum’s price action sitting above its realized price is a positive sign. Especially as historically, altcoin bull markets have begun whenever ETH has maintained strength above this level. Additionally, at the time of writing, the broader altcoin market cap was at an uptrend support level – Indicating potential…

Ethereum (ETH) has been trading within a daily range between $2,300 and $2,800 since the start of August. Over the past three days, the price has struggled to break past the $2,600 mark, raising concerns among analysts and investors.  Related Reading This performance has led to disappointment, particularly when compared to Bitcoin’s stronger showing this year. Critical data from Farside Investors reveals decreasing interest in Ethereum ETFs, which has added to the cautious sentiment surrounding ETH. This decline in interest may indicate broader concerns about Ethereum’s future performance.  As ETH continues to face resistance at the $2,600 level, the market…

ETH’s supply crisis intensified as staking demand spiked and exchange reserves fell ETH fundamentals remained strong despite weak market sentiment Ethereum[ETH]’s supply crisis continues to intensify and could be a set-up for a possible strong rebound for the world’s largest altcoin. In fact, according to on-chain analyst Leon Waidmann, ETH’s supply crisis has been compounded by declining exchange reserves and growing investor appetite for ETH staking. He projected that ETH could “fly” amid the supply crunch.   “The #ETHEREUM SUPPLY CRISIS is getting more SERIOUS by the day. With staking rates soaring and exchange reserves plummeting, as soon as sellers are…

ETH exchange reserves declined to around 18.5 million ETH ETH, at press time, remained below key price levels Ethereum has faced resistance at key price levels over the last few weeks. This has likely contributed to the decisions made by some large holders, or “whales,” to sell off portions of their holdings. Despite this selling activity, however, the ongoing decline in ETH exchange reserves has continued. Ethereum faces sell-offs Recent data from Lookonchain revealed that an Ethereum whale sold 6,900 ETH, valued at approximately $17.87 million.  This marks a notable shift in behavior for the whale, who was previously in…