ETH Long-Term Holder Percentage Surpasses BTC The percentage of long-term Ethereum (ETH) holders has surpassed Bitcoin (BTC) for the second time ever, with over 70% of investors holding their assets for more than a year. This milestone for the blockchain is important for maintaining overall health, stability, and reducing price volatility. Despite Ethereum’s underperformance compared … Read more
Asset manager Bitwise has withdrawn its application to convert its Bitcoin futures ETF into one that invests in both Bitcoin and Ethereum futures contracts, leading to speculation about the decision’s meaning for Ethereum futures ETFs. Bloomberg Analyst James Seyffart believes the move was made because Bitwise doesn’t see the benefit in having a dual BTC … Read more
The price of Ethereum has experienced a downward correction after failing to break the $1,670 resistance level. It is currently trading below $1,640 and the 100-hourly Simple Moving Average. A key bearish trend line is forming with resistance near $1,640. To see another increase, Ethereum must stay above the $1,600 support zone. If it fails … Read more
