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Solana Open Interest Hits $13B All-time High: Will SOL Price Follow?
Key takeaways: Bullish technicals suggest that SOL price can reach $1,000 if the resistance between $210-$250 is broken. Solana’s open interest has rallied to a record high of $13 billion, signaling high speculative interest. After dropping to $155 on Aug. 3, Solana’s (SOL) price has recovered over 36% to an intraday high of $210 on […]
Ethereum Staking Queue Hits Two-Year High, Exit Queue Drops
The amount of Ether in the queue to be staked has surged to its highest level since 2023 as institutional traders and crypto treasury firms aim to scoop rewards for their holdings. On Tuesday, the Ethereum staking entry queue reached its highest level since September 2023, with onchain data showing 860,369 ETH, worth around $3.7 […]
ETH Unstaking Hits $3.2B But ETFs Could Keep Prices High
Key takeaways: Ether queued for unstaking hits a record $3.8 billion, led by Lido, EthFi, and Coinbase. Strategic reserves and ETF holdings have jumped by 140% since May 1. ETH’s $4,200 support is critical, with $1.2 billion in longs at risk if the price tags the level. The staking ecosystem of Ethereum has reached new […]
How High Can Ethereum Price Go Beyond $4K? ETH Analysts Weigh In
Key takeaways: Ethereum is breaking out across multiple bullish setups on the price chart. Analysts see ETH rising to $6,000 soon, with $20,000 possible within a year. Ethereum’s native token, Ether (ETH), has surged roughly 24% this week to above $4,330, its highest price since December 2021. Many analysts now eye a break above the […]