Another wave of FUD around the possible security status of Ethereum
Ethereum FUD causes record-breaking ETH inflow to CEXes
In the past week, the Ethereum
In this week’s newsletter, we analyze some of the recent FUD against Ethereum. We evaluate ETH’s relative performance in terms of price, its fundamental metrics and the bullish outlook shared by ETH’s long-term investors👇https://t.co/LOJscBi0dF— IntoTheBlock (@intotheblock) March 23, 2024
Such calculations were revealed by IntoTheBlock in its latest On-Chain Insights newsletter.
Also, Ether recorded its largest weekly net inflows into centralized exchanges since September 2022: Scared holders brought $720 million to CEXes.
This week, besides the “regular” rumors about Ether’s security status, some media outlets reported that Ethereum Foundation was being investigated by law enforcers.
Should Ethereum
As covered by U.Today, U.S. congresspersons and Coinbase CLO slammed the SEC and its leadership for its failure to protect Ethereum
“ETH underperformance is real,” IntoTheBlock says
It is the FUD to blame for Ethereum’s
Also, the ratio of
At the same time, long-term ETH holders are not ready to sell their coins. The amount of Ethers in wallets that have been holding for over one year continues hitting new highs despite the negative news.
Read More: Ethereum Panic? CEX Inflows Hit Multi-Month Highs
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