One of the leading analysts, Mikael van de Poppe, said that the cryptocurrency market lacks a bit of volatility. According to him, this is necessary for successful trading. In addition, he spoke about important price levels for the ether (ETH) cryptocurrency.
Ether (ETH) fell to $1,160 at the beginning of trading on December 20. By the evening, the support strengthened, and the altcoin bounced above $ 1200.
On December 18, unknown persons transferred 22,982 ETH (~$27.1 million), which have not been moved for the last four years. PeckShield experts drew attention to this.
The discount in the bETH/ETH trading pair reached 5%. Some members of the crypto community believe that the depreciation of the tokenized version of Ethereum on the blockchain of the Binance crypto exchange can be used for profitable purchase of coins
As of the time of writing the news, the discount in the bETH/ETH trading pair is 5.08%. In mid-December, the indicator updated the local maximum recorded in June 2022. The cheapest bETH was traded in a pair with ETH at the end of November 2021 ($0.8880).
CryptoQuant analysts noted factors that indicate the upcoming sale of the Ethereum (ETH) cryptocurrency.
CryptoQuant's analysts foresee serious problems for Ether prices in the near future. Negative fundamental factors can lead to the sale of the second largest cryptocurrency after Bitcoin.
Etherum (ETH) as of January 1, 2023. Against the background of the instability of the virtual asset market, we were interested to understand how the price of the second digital asset will behave in terms of market capitalization.
The price of Ethereum shows a lack of momentum of its own, although the recent growth of bitcoin has pushed ETH to another maximum of fluctuation. Failure at this level caused a sell-off, which may continue and reduce the price of the token to critical support levels.
The founder of MicroStrategy called cryptocurrencies using the Proof-of-Stake (PoS) consensus algorithm unstable and at risk of collapse.
Michael Saylor supported Bitcoin maximalist Matthew R. Kratter, who recently stated that the Proof-of-Stake consensus mechanism, which the Ethereum network switched to, makes the ether more vulnerable. Kratter suggested that regulators examine whether the proof-of-stake algorithms used by the Ethereum and Cardano networks are at risk of collapse, as happened with Terra Luna.
According to data from the network analytics company Santiment, Ethereum is currently seeing the highest level of activity in the last 17 months. "Daily Active Addresses" is an indicator that measures the total number of Ethereum addresses that were used as a sender or recipient during the day.
Data from the Ethereum Etherscan blockchain browser shows that 640 thousand ETH were transferred from the Bitfinex 2 cryptocurrency exchange, owned and operated by iFinex Inc.
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