Ethereum has plummeted 20% in three days, now priced around $2,100, amid global economic tensions and rising unemployment claims. Despite this sharp decline, the derivatives market shows signs of resilience, with futures premiums indicating a potential stabilization. The future of ETH hinges on macroeconomic conditions and the ability of buyers to defend key technical levels, with a rebound toward $2,800 remaining plausible if investor confidence is restored.
about Ethereum Faces 20 Percent Drop Amid Economic Uncertainty and Market VolatilityCointribune
0 in Finance and 0 in Crypto last weekEthereum Shows Signs of Recovery as Holders Withdraw from Exchanges
Ethereum shows signs of recovery as holders withdraw ETH from exchanges, with only 6.38% of the total supply remaining on platforms, a historically low level. Despite recent volatility, upcoming technical updates like the Pectra upgrade in April 2025 could bolster long-term confidence in the cryptocurrency. However, tensions within the Ethereum community persist, highlighted by the formation of a “second foundation” following the departure of key developers.
about Ethereum Shows Signs of Recovery as Holders Withdraw from ExchangesEthereum reserves decline signals potential market rally towards three thousand dollars
Ethereum reserves on centralized exchanges have plummeted to their lowest level in nearly nine years, sparking optimism for a market rebound. As of February 18, reserves fell to 18.95 million ETH, indicating a shift towards long-term holding among investors, which could lead to a supply shock and potential price increases. With the current price at $2,685, market focus is on the $3,000 threshold, and continued declines in reserves may push ETH beyond $3,500 in the near future.
about Ethereum reserves decline signals potential market rally towards three thousand dollarsEthereum Reduces Transaction Fees by 70 Percent Ahead of Major Updates
Ethereum has reduced its transaction fees by 70%, dropping from $23 million to $7.5 million daily, ahead of the Pectra and Fusaka updates set for April 2025. This fee cut, driven by a higher gas limit, is expected to enhance network activity and attract small and medium enterprises in Europe.Additionally, the Cboe BZX Exchange has proposed to the [SEC](https://www.sec.gov) for permission to allow staking for the 21Shares Core Ethereum ETF, which could legitimize Ethereum staking in traditional finance and draw institutional investors. Despite these advancements, Ethereum’s price has declined by 1.1% this year, contrasting sharply with Bitcoin’s significant gains.
about Ethereum Reduces Transaction Fees by 70 Percent Ahead of Major UpdatesAnalysts Express Concerns Over Increased Activity on Binance
Analysts express concern over the recent surge of individuals flocking to Binance, highlighting potential risks associated with this influx. Investors are urged to conduct thorough research before making any financial decisions, as the market remains volatile and unpredictable.
about Analysts Express Concerns Over Increased Activity on Binance