Ethereum whale population drops after Shapella — Will ETH price sink too?
Ethereum's supply across whale addresses has dropped consistently since March 2020, offset by greater retail interest.
Ethereum's supply across whale addresses has dropped consistently since March 2020, offset by greater retail interest.
Institutional investors accumulated Ether and sold off Bitcoin last week, suggesting confidence in Ethereum after the Shapella hard fork.
Ethereum staking withdrawals are picking momentum. But they have not been able to cause a major selloff as many had anticipated post the Shanghai upgrade.
Ether funds have witnessed inflows worth only $600,000 in the week ending April 7 compared to Bitcoin’s $56 million.
A deflationary Ethereum supply does not necessarily mean a bullish market for ETH, at least in the near term.
Ethereum market dominance has doubled since the lunch of its staking contract in December 2020 as ETH price eyes levels not seen in five years versus Bitcoin.
Ethereum on-chain data reveals a considerable rise in the number of Ether shark addresses with weeks before its hard fork in March.
A bearish technical setup and a declining number of Ether whales pose downside risks for ETH’s price.
Ethereum remained close to a three week high on Monday, as prices rallied following a turbulent weekend. Bullish sentiment appears to have somewhat returned to crypto markets to start the…
The drop in Ethereum’s daily active addresses comes as ETH price flatlines, raising fears about a potential drop ahead.