Global #eth

Over the past few weeks, prominent cryptocurrency investors, also referred to as "whales," have been adding over $500 million worth of Ethereum ($ETH), the second-largest cryptocurrency by market capitalization, to their holdings.

In the past seven days, not only has the price of NEAR Protocol [NEAR] easily outperformed Ethereum [ETH], but it has also outperformed the blockchain in numerous other areas.

In the middle of the bipartisan Lummis-Gillibrand Payment Stablecoin Act that was just introduced, well-known Ethereum [ETH] community member Ryan Berckmans provided an interesting viewpoint.

After making two attempts to leverage their long position on Ethereum ($ETH), the second-largest cryptocurrency by market capitalization, a huge cryptocurrency whale lost over $4.5 million. This was because they had to settle their debt on a decentralized protocol as the price fell.

In the past seven days, Pepe (PEPE) holders have seen a 24% decrease in their bags as meme coins have suffered some of the worst losses during a market-wide decline.

According to data from CryptoQuant, Ethereum's [ETH] Taker Buy Sell Ratio is about to cross over its center line, indicating a spike in positive sentiment notwithstanding recent market difficulties.

Bitcoin (BTC) is currently trading marginally above $64,000, having challenged it throughout the most of the morning's trading in Asia.

Whales of Ethereum (ETH) have started buying in bulk, with huge wallet holders amassing sizable holdings of the cryptocurrency. This action is a reaction to the recent decrease that most cryptocurrencies had over the weekend, including ETH.

According to CoinDesk Indices data, several Hong Kong issuers have announced that they have been licensed for spot cryptocurrency exchange-traded funds (ETFs). As a result, Bitcoin (BTC) has increased 2.8% in the last 24 hours, trading above $66,500, and ether (ETH) has climbed to $3,240.

By the end of April, traders in derivatives hope to see higher strike prices for Ethereum.

Brad Garlinghouse, the CEO of Ripple, expressed hope for the future of the cryptocurrency business. By the end of 2024, he projects that the entire market capitalization may have reached an astounding $5 trillion.

Ethereum [ETH] has been trading steadily at $3,500 for the past few weeks. But ETH's price on the charts dropped dramatically during a recent dip, which fueled a shift in opinion.