Ethereum

Ethereum Classic

<h2 id="header-0">Chika Moji New Memecoin, Get 100,000 Chika Tokens $100 Free, Join Airdrop Now On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">ChikaMoji.lol</a></h2><h2 id="header-1"></h2><img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/23b54e8451644cdf85e3885432ae4b44.png" /><p></p><h2 id="header-2"></h2><p>ETH price fell by 20% in the past week, but futures data shows investors still believe in the bull trend.</p><p>Ether price experienced a 20% increase from March 3 to March 13, culminating in a double top formation near $4,100. Following the second rejection, ETH underwent a 20% correction, testing the $3,200 support on March 19. Analysts suggest that the initial rally was fueled by overly leveraged long positions.</p><p>Ether’s bullish momentum faded following the forced liquidation of $375 million in ETH futures over the past week, but the question remains whether this is sufficient for Ether to stop the correction and potentially kick-start a bull run again.</p><h2 id="header-3">Chika Moji New Memecoin, Get 100,000 Chika Tokens $100 Free, Join Airdrop Now On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">ChikaMoji.lol</a></h2><h2 id="header-4"><strong>Ether’s price lagged competitors during the crash</strong></h2><p>Ether&#39;s downturn was more pronounced than the broader cryptocurrency market&#39;s performance, which saw its market capitalization peak at $2.77 trillion on March 14, stabilizing around $2.35 trillion, a 15.5% drop over five days. Ether&#39;s relative performance suffered due to Bitcoin&#39;s 12% weekly drop, Solana&#39;s21% increase, and Binance Coin&#39;s slight 2% decrease during the same timeframe.</p><p>Interestingly, Solana faced challenges with increased fees and failed transactions as the network struggled to manage the surge in activity, mainly driven by a significant interest in new memecoins. Cointelegraph reported that traders injected approximately $100 million into new Solana memecoins within just three days.</p><p>The Ethereum network underwent its most significant upgrade in over a year on March 13, coinciding with Ether&#39;s price peak for the cycle in 2024. The hard fork greatly reduced transaction fees for layer-2 networks like Arbitrum, Optimism, and Base, thus enhancing Ethereum&#39;s scalability. The introduction of data blobs also improved the network&#39;s data-handling capabilities.</p><h2 id="header-5">Chika Moji New Memecoin, Get 100,000 Chika Tokens $100 Free, Join Airdrop Now On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">ChikaMoji.lol</a></h2><p>This upgrade should be viewed as a success, evidenced by the surge in activity on layer-2 solutions to an all-time high, averaging 122 transactions per second (TPS) over the last two days, according to L2beat. This represents a 31% increase from the previous week and is more than eight times the base layer capacity of Ethereum at 15 TPS.</p><p>Despite the anticipation surrounding Ethereum&#39;s network upgrades, the base layer gas fees have remained a significant issue, with the average cost hovering around $12 on March 18, according to BitInfo Charts. This situation highlights the continuing appeal of alternative platforms like Solana and Avalanche</p><p>Notably, these were among the few cryptocurrencies in the top 20 to see gains over the past week.</p><h2 id="header-6">Chika Moji New Memecoin, Get 100,000 Chika Tokens $100 Free, Join Airdrop Now On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">ChikaMoji.lol</a></h2><h2 id="header-7"><strong>Ether futures indicate moderate bullishness despite ETH’s price crash</strong></h2><p>On a positive note, the 20% correction in Ether since March 13 has led to the ETH perpetual contract funding rate approaching nearly zero. This indicates a balance in demand between those holding long positions and those shorting, suggesting a market equilibrium.</p><p>The funding rate&#39;s dip to its lowest level in three weeks at 0.014% per 8-hour period, equivalent to 0.3% over seven days, starkly contrasts with the previous week. Then, buyers were facing a 1.2% fee to keep their positions open for a week. This significant shift indicates a cooling off from the previously heated buying enthusiasm</p><h2 id="header-8">Chika Moji New Memecoin, Get 100,000 Chika Tokens $100 Free, Join Airdrop Now On <a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow">ChikaMoji.lol</a></h2><p>To understand whether professional traders have also changed to a neutral stance, one should analyze the monthly futures. Typically, in such markets, futures trade at a 5% to 10% premium over spot exchanges, reflecting the cost of carrying the investment until settlement.</p><p>Ether&#39;s futures have been trading at a 22% premium, an unusually high premium that suggests an excessive demand for long positions, possibly driven by optimism regarding the upcoming decisions on Ethereum&#39;s spot exchange-traded funds (ETFs). Remarkably, this optimism persists unabated, even after Ether&#39;s price correction to $3,200 on March 19, which could be seen as a bullish signal amidst the broader market recalibration.</p><h2 id="header-9">Chika Moji New Memecoin, Get 100,000 Chika Tokens $100 Free, Join Airdrop Now On<a href="https://chikamoji.lol/" rel="noopener noreferrer nofollow"> ChikaMoji.lol</a></h2><p>#ETH  #Ethereum  #Bitcoin  #Altcoin  #Cryptocurrency $ETH $SOL $BTC</p>

Ethereum price drops 20% in a week, but investors are still bullish

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