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Ether's price surged by 31.3% from March 10 to March 18, coinciding with the Federal Reserve’s injection of $300 billion to address the insolvency of Silicon Valley Bank. Since then, Ether’s (ETH) price has consistently maintained a daily closing price above $1,600. However, investors are now casting doubt on Ether’s ability to sustain this
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A United States District Court judge has called Ether (ETH) a commodity in her dismissal of a class action lawsuit against the decentralized exchange Uniswap.In an Aug. 30 dismissal order of the case brought by Uniswap users who claimed they lost money due to scam tokens on the exchange —
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ETH fell to as low as $1,547 last Thursday, its lowest price since June. Original Source
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Ether's global estimated leverage ratio, calculated by dividing the dollar value locked in the active open perpetual futures contracts by the total number of coins held by derivatives exchanges, has declined from a multi-month high of 0.28 to 0.22. Bitcoin's ratio has slid from 0.27 to 0.21, the lowest since
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A lot of put options are in-the-money, crypto options exchange Deribit's Lin Chen said. Source
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"BTC continues to be 'the' macro asset for the crypto market and could also see some strong inflows as the macro environment shifts," Noelle Acheson, author of the popular Crypto Is Macro Now newsletter, said. "Many large investors will continue to prefer BTC exposure for its liquidity, market cap, and
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Seattle-based decentralized finance (DeFi) platform EigenLayer has experienced a 207% surge in total value locked (TVL) after it raised its liquid restaking caps to 100,000 staked ether (stETH). Source
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"For BTC, I think market makers' hedging contributed to the price drop, but for ETH, it was a key factor that prevented the price from falling sharply," Ardern said. "ETH had solid positive gamma near the strike price of around $1,600, and its total gamma is still positive, which means
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Major cryptocurrencies traded flat over the weekend, with alternative tokens showing muted price movement as markets seemed to stabilize following one of the largest liquidation events in recent months. Bitcoin remained steady at around $26,000 with ether little changed from Sunday’s $1,670. “So long as bitcoin continues to hold above
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