Ethereum (ETH) has been facing significant selling pressure and fear in the market after experiencing a 23% decline, bringing its price down to yearly lows at $2,200. One of the factors contributing to Ethereum’s struggle is the declining on-chain activity. Total transaction fees on the Ethereum network have been decreasing, mainly due to lower fees
Ethereum
Recent developments in the cryptocurrency market indicate that Ethereum has entered oversold territory. This could potentially pave the way for a significant price rally, with some analysts predicting that ETH could reach as high as $6,000. Analysts like Titan of Crypto have pointed out that historically, Ethereum tends to experience a rally or a short-term
Samuel Edyme, known by the nickname HIM-buktu, is a jack of all trades in the world of web3 content writing, journalism, and trading. His journey into the crypto universe did not start with a successful investment, but with a scam that lured him in with promises of quick returns. Instead of being discouraged by this
Samuel Edyme, also known as HIM-buktu, is a multifaceted individual with a diverse skill set. He is a web3 content writer, journalist, and an aspiring trader. Edyme has lent his words to various industry players such as AMBCrypto, Blockchain.News, and Blockchain Reporter. His introduction to the cryptocurrency universe was far from conventional. Instead of beginning
In recent months, Ethereum has failed to meet the expectations of traders, with its price plummeting by 23% over a 30-day period. This bearish trend has dashed the hopes of many ETH investors who were anticipating a surge in price following the launch of Spot Ethereum ETFs. Despite the current downturn, a closer look at
Ethereum (ETH) has been experiencing a period of stagnation in its price movement, with daily trading ranges between $2,300 and $2,800 since the beginning of August. The recent struggle to break past the $2,600 mark has raised concerns among analysts and investors about Ethereum’s future performance. According to critical data from Farside Investors, there has
Samuel Edyme, known in the digital realm as HIM-buktu, is a multifaceted individual with a diverse skill set. His background as a web3 content writer, journalist, and aspiring trader sets him apart in the fast-paced world of cryptocurrencies. Despite his impressive portfolio of work with industry giants like AMBCrypto and Blockchain Reporter, Edyme’s journey into
The recent data from onchain analytics platform Glassnode indicates that Ethereum (ETH) may have already hit its lowest pricing level, suggesting that the crypto token is on its way to a new all-time high (ATH). The market value to realized value (MVRV) metric for Ethereum is currently at $1,687, signaling that the bottom may be
Samuel Edyme, also known by his nickname HIM-buktu, is not your average web3 content writer. His foray into the world of cryptocurrency was not marked by a triumphant investment, but rather by a scam that roped him in. Instead of being discouraged, Edyme emerged from this experience as a wiser and more determined individual. He
The cryptocurrency market is currently experiencing a mixed period of price stagnation and volatility, leaving many investors uncertain about the future. However, all eyes are now on the highly anticipated Pectra upgrade for the Ethereum (ETH) network. Scheduled for the first quarter of 2025, this major upgrade has generated significant attention from bullish analysts who