Ethereum
Why Ethereum is up 1.2% in the last hour
Analysis
Ethereum (ETH) rose 1.2% over the past hour as traders appeared to react to signs of strengthening on-chain fundamentals, with a report highlighting record Ethereum network activity even while price had recently been “stalling.” At the same time, broader sentiment around BTC and ETH has been described as turning sour, which may have kept the move relatively modest rather than sparking a larger breakout. Sources: Bitcoinist, Cointelegraph
Contributing Factors (3)
Ethereum Network Activity Breaks Records Even As ETH Price Stalls
The Ethereum network and its price are moving in separate directions as the market faces continued bearish action. On-chain data are showing that the ETH network is performing at one of its most remar...
Crypto Treasuries Fall Deeply Underwater as Bitcoin, Ethereum and Solana Dive
Prominent publicly traded crypto treasury firms are underwater on their holdings as Bitcoin and Ethereum keep falling.
XRP traders more optimistic as BTC, ETH mood turns sour: Santiment
Social media sentiment has turned “extremely bearish” toward Bitcoin and Ethereum this week, according to analytics platform Santiment.
Move Details
Explanation Confidence
High confidence in the explanation based on source reliability and timing.