Ethereum has been making some spectacular price moves this year, and the digital asset has been hitting ATH after ATH.
At the moment of writing this article, ETH is trading in the green and the digital asset is priced at $3,553.18.
ETH in the news
Just the other day, we were revealing that ETH total open interest reaches $10 billion for the first time.
Check out the graph that Unfolded posted on their Twitter account:
Ethereum total open interest hits $10bn for the first time. pic.twitter.com/5AkfcWMxGj
— unfolded. (@cryptounfolded) May 7, 2021
Also, they noted another milestone that Ethereum has been able to pass. Check out their other tweet here:
Search volume for Ethereum hits an all-time-high pic.twitter.com/7AzpK5Uf76
— unfolded. (@cryptounfolded) May 7, 2021
ETH coins are withdrawn from centralized exchanges. Check out what’s going on with ETH coins lately.
Ethereum coins are being withdrawn from centralised exchanges and put into smart contracts and DeFi applications.https://t.co/e9y8JSB2ue pic.twitter.com/V9Nzo5xDA8
— unfolded. (@cryptounfolded) May 4, 2021
You can check out more details about the crypto market overview in Glassnode’s official notes.
Glassnode also notes that “the use of ETH coins within the Ethereum ecosystem is a key to understanding the behaviour of the network. This week a relatively large volume of ETH was removed from known exchange wallets, spiking to over 200k ETH in a single day.”
There are all kinds of optimistic predictions about the price of Ethereum these days. The latest one is pretty bold and it’s released by Unfolded.
ETH could hit $6,000 by the end of 2021
There is a 19% probability of Ethereum hitting $6000 by the end of the year. pic.twitter.com/Rl4C9Gnd0h
— unfolded. (@cryptounfolded) May 8, 2021
The whole crypto market looks great today with the most important coins trading in the green. Bitcoin is also racing towards $60k once more. Stay tuned for more news and keep your eyes peeled on the numbers.
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