Ethereum holder turns $38K into $30M after 8 years

November 7, 2024 Coin Telegraph

Ethereum holder turns K into M after 8 years

2024 US elections

The Ether whale moved the funds for the first time in eight year with 800x gains as ETH price edged above $2,800.

Ether (ETH) has rallied more than 9% over the last 24 hours, reaching a 13-week high of $2,880 on Nov. 7.

As this happened, an Ethereum whale, who had held more than 11,000 ETH since 2016, has appeared to cash in on massive gains.

In February 2016, Ether traded for between $2.1 and $6.6 per token. Back then, the address added 11,005 ETH on the crypto exchange ShapeShift, according to Lookonchain. The onchain smart money tracker said the tokens were acquired at $3.46 per token, putting the total cost at $38,000.

SEC Reports Record .2B in Remedies With 583 Enforcement Actions in 2024

SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

Ethereum ‘final dip’ to $2.5K likely before ETH treks to new all-time high — Analyst

October 31, 2024 Coin Telegraph

Ethereum ‘final dip’ to .5K likely before ETH treks to new all-time high — Analyst

Coin Telegraph

Ethereum price continues to consolidate, but a fledgling technical pattern hints at an upcoming rally to $2,800.

Ether (ETH) price has struggled to find bullish momentum for months, with the altcoin demonstrating a mere 1% rise in October compared to Bitcoin’s (BTC) 14% return.

The perceived lack of interest from retail and institutional investors is also weighing on Ether price, with the ETH ETF witnessing $4.4 million in inflows on Oct. 30 compared to BTC ETF’s $893 million. That is a 0.49% share relative to its direct competitor.

Spot Bitcoin and Ethereum ETF inflows comparison. Source: X.com

SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

Too early to say Ethereum L2s are ‘cannibalistic’ of revenue: Sygnum Bank

October 25, 2024 Coin Telegraph

21shares

Ethereum daily fees hover between $1 million and $5 million — far less than the $30 million consistently reached throughout 2021 and 2022.

Fears that Ethereum layer-2 scaling solutions are eating into the mainnet’s revenue and could impact prices may be premature, according to a crypto bank analyst.

“It is much too early to tell whether Ethereum[‘s] strategy of scaling through layer 2s is cannibalistic or will lead to net growth,” Katalin Tischhauser, head of research at Sygnum Bank told Cointelegraph in a recent interview.

Tischhauser’s use of “cannibalistic” refers to layer 2s taking “business” away from the Ethereum mainnet — which has contributed to a substantial fall in Ethereum fees over the last few years.

SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

Tether’s USDT hits record $120B market cap, flashing ‘Uptober’ signal

October 20, 2024 Coin Telegraph

Tether’s USDT hits record 0B market cap, flashing ‘Uptober’ signal

Bitcoin Price

The $120 billion USDT market cap could spill into Bitcoin and Ether, ending their seven-month downtrend and saving the “Uptober” narrative.

Tether’s United States dollar-denominated stablecoin has surpassed the record $120 billion market capitalization for the first time, signaling a potential crypto rally.

Tether’s USDt (USDT), the world’s largest stablecoin, surpassed the $120 billion mark on Oct. 20, according to the firm’s website, which offers live updates of the stablecoin’s supply.

Tether Tokens in circulation. Source: Tether.to

SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

Ethereum eyes 40% gains as ETH price fractal approaches final phase

October 11, 2024 Coin Telegraph

$Ethereum eyes 40% gains as ETH price fractal approaches final phase$

Coin Telegraph

ETH price could rise 40% from its bullish fractal pattern despite Ether’s sideways consolidation over the past week.

Since dropping under $2,450 on Oct. 2, Ether (ETH) price has consolidated between a narrow gap of $100 over the past nine days. While Bitcoin has exhibited market volatility, Ether’s weekly returns represent a mere 1% decline.

On the weekly chart, Ethereum has also maintained a bullish position by holding above the 200-day EMA trendline.

ETH/USD on the weekly chart. Source: TradingView

SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

Ethereum gas fees rose 498% in two weeks as network activity surged — Report

September 30, 2024 Coin Telegraph

Altcoin

An uptick in Ethereum network activity was accompanied by a 498% rise in ETH gas fees. Will Ether price respond?

Ethereum network transaction fees have risen significantly over the last two weeks following a surge in onchain activity, according to Coinbase.

Coinbase’s weekly report, published on Sept. 27, notes that the average Ethereum gas fees between Sept. 16 and Sept. 26 were 498% higher than the monthly average, with the median transaction cost rising from $0.09 at the beginning of the month to $1.69.

Ethereum transaction fees and ETH transfer volumes

SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

Ethereum gains 15% in a week — Is a recovery to $3K back in sight?

September 23, 2024 Coin Telegraph

Ethereum gains 15% in a week — Is a recovery to K back in sight?

Bitcoin

Ethereum shows strength in its USD and BTC pair as network activity surges. Is a move to $3,000 realistic?

Ether (ETH) rallied 18.7% between Sept. 17 and Sept. 23, pushing past Bitcoin (BTC) in terms of weekly gains as an increase in open interest, funding rates and network growth signal strong demand for ETH.

Ether’s price is up 4% over the last 24 hours to trade at $2,650, according to data from Cointelegraph Markets Pro and TradingView. In comparison, Bitcoin is trading at $63,678, up 1.8% over the last 24 hours. The total crypto market capitalization has risen by 2% over the same period to $2.3 trillion.

Ether has increased 17.5% over the last seven days, outperforming Bitcoin, whose price has risen only 9.8% over the same period.

SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

Crypto millionaire loses $43 million in Ether-Bitcoin trading bet

September 14, 2024 Coin Telegraph

Crypto millionaire loses million in Ether-Bitcoin trading bet

Aave

Fickel is one of the world's wealthiest cryptocurrency investors, currently holding more than $4.8 million worth of Ether.

Crypto millionaire James Fickel has suffered losses exceeding $43 million since Jan. 10, as his debt on the decentralized lending platform Aave surged to $132 million.

Fickel, an early Ethereum investor and the founder of longevity research firm Amaranth Foundation lost over $43.7 million by essentially betting on Ether’s price (ETH) against Bitcoin (BTC).

Based on the millionaire’s 2024 investments, Fickel expected Ether price to rise against Bitcoin’s when he first borrowed $172 million worth of Wrapped Bitcoin (WBTC) on Jan. 10, according to a Sept. 14 X post by Lookonchain.

SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

Ether ETF flows turn positive for first time in 2 weeks, bolstered by BlackRock

August 29, 2024 Coin Telegraph

blackrock

Some analysts are eying an Ether rally above $3,000, but traders may have to wait until October.

Inflows into Ether exchange-traded funds (ETFs) have turned positive for the first time in over two weeks.

The nine US spot Ether (ETH) ETFs recorded a cumulative $5.9 million worth of net positive inflows, marking the first green day since Aug. 14.

BlackRock’s ETF (ETHA) saw the largest daily inflow of $8.4 million, according to Farside Investors data.

SEC Reports Record $8.2B in Remedies With 583 Enforcement Actions in 2024

Ether price drop due to investor sentiment, not $420M ETF outflows — Nansen

August 19, 2024 Coin Telegraph

Ether price drop due to investor sentiment, not 0M ETF outflows — Nansen

Coin Telegraph

Ether’s price is subdued by a lack of risk appetite among investors caused by wider macroeconomic conditions.

Ether’s sluggish price action is driven more by a lack of investor interest than by the ongoing outflows from spot Ether exchange-traded funds (ETFs).

The price of Ether (ETH) has fallen by more than 26% since the launch of United States-based spot Ether ETFs on July 23. The ETFs have recorded a cumulative $420.5 million in net outflows since their launch date.

However, Ether’s price isn’t struggling due to the continued ETF outflows but due to a lack of risk-on appetite among investors, according to Aurelie Barthere, the principal research analyst at Nansen onchain analytics platform.

Ether Price