The Ultimate Guide to Ethereum (ETH) Exchanges

Introduction

The world of cryptocurrencies has been a buzz with innovation and investment opportunities, and Ethereum (ETH) stands out as one of the most versatile and widely-recognized digital assets. Buying, selling, or trading Ethereum requires an understanding of ETH exchanges—the platforms where these transactions take place. This comprehensive guide will explore various facets of ETH exchange, from the different types available to best practices for secure and effective trading.

What Are ETH Exchanges?

ETH exchanges are digital marketplaces where you can buy, sell, and trade Ethereum. These platforms usually offer a range of other cryptocurrencies as well, allowing for the trading of multiple assets. ETH exchanges vary in terms of features, usability, security measures, and fees.

Types of ETH Exchanges

Centralized Exchanges (CEXs)

Centralized platforms like Coinbase, Binance, and Kraken are the most commonly used ETH exchanges. They offer an intuitive interface, a wide range of cryptocurrencies, and often, high liquidity.

Decentralized Exchanges (DEXs)

Platforms like Uniswap and Sushiswap allow users to trade directly with one another without an intermediary, enhancing privacy and security. However, they may lack the liquidity and user-friendliness of centralized exchanges.

Peer-to-Peer (P2P) Exchanges

These platforms facilitate direct transactions between individuals. While P2P exchanges allow more payment methods and increased privacy, they often require a high level of trust between the trading parties.

Key Features to Consider

Security

  • Two-Factor Authentication (2FA): Always enable this feature to add an extra layer of security.
  • Cold Storage: Ensure the exchange stores a majority of its assets in cold storage (offline), away from potential online hacks.

Usability

User interface and experience can significantly impact your trading effectiveness.

Fees

Fees can vary widely, so it’s essential to understand the fee structure of the exchange you choose.

Liquidity

High liquidity means that large transactions won’t significantly impact the market price of Ethereum.

Customer Support

Good customer support can be crucial, especially for new traders who might require guidance.

Setting Up an Account

Registration

Sign up with your email and create a strong password.

Verification

Most exchanges require some form of identity verification in line with Know Your Customer (KYC) regulations.

Funding the Account

You can fund your exchange account using various methods, including bank transfer, credit/debit card, or other cryptocurrencies.

How to Trade on an ETH Exchange

Placing an Order

  1. Market Order: Buy/sell immediately at the current market price.
  2. Limit Order: Set the price at which you want to buy/sell ETH.

Trading Pairs

Exchanges offer various trading pairs like ETH/USD, ETH/BTC, etc. Choose the one that best suits your needs.

Executing the Trade

Once you’ve chosen your order type and trading pair, you can proceed to execute the trade.

Advanced Trading Options

Margin Trading

Some platforms allow trading on margin, which involves borrowing funds to amplify gains or losses.

Futures and Options

Advanced traders may opt for derivatives like futures and options to hedge or speculate on ETH prices.

Tax Implications

Tax laws surrounding crypto trading vary by jurisdiction. It’s advisable to consult a tax advisor to understand any potential tax liabilities.

Security Best Practices

  • Keep Software Updated: Ensure your computer and security software are up-to-date.
  • Beware of Phishing Scams: Always double-check URLs and email addresses.
  • Use a Secure Connection: Ensure you’re using a secure and private Wi-Fi connection when accessing your ETH exchange.

The Importance of Diversification

While Ethereum is a promising asset, diversification is key in managing risks effectively.

FAQs

  1. Can I transfer ETH from one exchange to another?

Yes, it’s possible but usually incurs a network fee.

  1. Is it safe to store ETH on an exchange?

It’s generally safer to transfer your ETH to a private wallet if you’re not actively trading.

  1. Do ETH exchanges have mobile apps?

Many do, offering you the flexibility to trade on the go.

Conclusion

Understanding the nuances of ETH exchanges can make a significant difference in your trading experience and profitability. From the type of exchange you choose to the features you should look out for, being well-informed can save you time, money, and stress. With the burgeoning growth of the crypto sector, ETH exchanges will continue to evolve, offering a broader range of services and assets. Keeping abreast of these changes will ensure you are well-positioned to take advantage of the investment opportunities that Ethereum and its ecosystem have to offer.

By following this guide, you will be better equipped to navigate the world of ETH exchanges, making you a more informed and, hopefully, a more successful trader.

Unlocking the Digital Future: Buying ETH with a Credit Card Simplified

In the electrifying realm of cryptocurrencies, Ethereum (ETH) stands tall as a beacon of innovation and potential. As enthusiasts and investors alike seek to partake in this digital revolution, the ability to buy ETH with credit card has opened a gateway of accessibility and convenience. This comprehensive article is tailored to guide you through the process of buying ETH using credit card, unraveling the intricacies, opportunities, and considerations involved in this modern financial maneuver.

ETH: A Glimpse into the World of Endless Possibilities

Ethereum, often hailed as the queen of cryptocurrencies, represents more than just a digital asset. It’s the foundation of a decentralized platform known for its smart contract functionality, underpinning a vast ecosystem of decentralized applications (DApps). The allure of Ethereum is not just in its technological prowess but in its potential to reshape industries and redefine the way we interact with the digital world.

The Convergence of Traditional and Digital Finance

Buying ETH with a credit card symbolizes the merging of traditional financial systems with the burgeoning world of digital currencies. This convergence brings the ease and familiarity of credit card transactions to the dynamic world of Ethereum, making it more accessible to a broader audience.

The Process: A Step-by-Step Guide to Buying ETH with a Credit Card

The journey of purchasing ETH using a credit card involves several key steps, each crucial in ensuring a smooth and secure transaction:

  1. Selecting a Reliable Platform: Choosing the right cryptocurrency exchange or platform is the first critical step. Look for platforms that are reputable, secure, and offer the option to buy ETH with a credit card. Binance, Coinbase, Kraken, and Bitstamp are some of the popular exchanges that provide this service.
  2. Creating and Securing Your Account: Once you’ve chosen a platform, the next step is to set up an account. This process typically involves providing personal information and completing a verification process to comply with regulatory requirements. Ensuring the security of your account with strong passwords and two-factor authentication is paramount.
  3. Linking Your Credit Card: After account verification, the next step is to link your credit card to your account. This usually involves entering your card details and possibly a verification process by your card issuer.
  4. Purchasing ETH: With your credit card linked, you can now purchase ETH. Navigate to the purchase section, select Ethereum (ETH) as the cryptocurrency to buy, enter the amount, and choose your credit card as the payment method. Review the transaction details, including fees and exchange rates, before confirming the purchase.
  5. Transferring ETH to a Secure Wallet: After purchasing ETH, it’s advisable to transfer your holdings to a private wallet for enhanced security. Hardware wallets or secure software wallets are preferred choices.

Timing Your Purchase: Navigating Market Volatility

The cryptocurrency market is known for its volatility. Timing your purchase can be crucial, especially considering the price fluctuations of Ethereum. Keeping an eye on market trends and performing due diligence can aid in making an informed decision.

Understanding the Fees: Navigating the Costs of Convenience

Buying ETH with a credit card comes with associated fees. These can include transaction fees, processing fees by the credit card company, and possibly higher exchange rates. Being aware of these fees and comparing different platforms can help in minimizing costs.

Regulatory Landscape: Staying Informed and Compliant

The regulatory framework surrounding cryptocurrencies varies by region and is continually evolving. Staying informed about the regulations in your jurisdiction, especially concerning credit card transactions for cryptocurrency purchases, is crucial for a compliant and hassle-free experience.

Security Measures: Safeguarding Your Digital Investment

Security is a critical aspect of buying ETH with a credit card. Apart from securing your exchange account, it’s important to monitor your credit card statements for unauthorized transactions and be aware of phishing attempts or fraudulent platforms.

The Future of ETH and Credit Card Purchases

As the world of cryptocurrency continues to integrate with traditional financial systems, the ease of buying ETH with a credit card is likely to improve. This integration not only enhances accessibility but also signifies the growing acceptance and mainstream adoption of cryptocurrencies like Ethereum.

Conclusion: A Pathway to the Digital Frontier

In conclusion, the ability to buy ETH with a credit card is a significant milestone in the crypto journey. It represents a blend of convenience, accessibility, and the bridging of traditional and digital finance. For those looking to venture into the world of Ethereum, this method provides a straightforward and familiar path to participate in the digital currency revolution. As we move forward, the synergy between credit card transactions and cryptocurrency purchases will continue to evolve, paving the way for a more interconnected and digitally empowered financial future.

Ethereum: Evaluating the Juxtaposition of a Forecasted Dip and a Favorable Buying Window

The investment landscape in the world of digital currencies offers a multifaceted terrain, replete with opportunity and challenges. Among the most significant players in this domain is Ethereum, the blockchain platform that brought smart contracts to the forefront and fundamentally changed the cryptocurrency industry. In this piece, we will dissect our latest Ethereum price prediction and decipher what it means for prospective investors.

Our most recent prediction suggests a 7.01% decrease in the value of Ethereum, potentially reaching $1,795.86 by July 10, 2023. These forecasts are meticulously derived from various technical indicators, which offer insights into market trends and the cryptocurrency’s historical performance. Despite the expected drop, it’s worth reminding potential investors about the intrinsic volatility of cryptocurrencies, which frequently results in significant price swings.

Regarding the current market sentiment towards Ethereum, our technical indicators point towards a neutral perspective. This neutrality suggests a balance between buying and selling activities, indicating that the market may be awaiting impactful news or a shift in circumstances that could influence Ethereum’s future direction.

Meanwhile, the Fear & Greed Index for Ethereum presently stands at 61, placing it in the ‘Greed’ category. This intriguing contrast between the neutral sentiment and the high Fear & Greed Index illustrates the dynamic and often paradoxical nature of the cryptocurrency market. A high Fear & Greed Index implies that investors are currently optimistic, driven by the allure of significant returns despite the inherent risks, which can sometimes precede a market correction.

Looking back at the past 30 days, Ethereum has registered 16 green days out of 30, amounting to a positivity rate of 53%. A ‘green day’ in trading parlance signifies a day when the cryptocurrency’s price has increased from the preceding close. Alongside this positive trend, however, Ethereum has exhibited a price volatility of 4.42% over the last month, which, while not unusual in the world of cryptocurrencies, serves as a reminder of the risks associated with such investments.

Given these conditions, our current Ethereum forecast suggests that it might be a good time to invest in Ethereum. While the prediction implies a short-term dip, the overall circumstances — the neutral sentiment, a high Fear & Greed Index, and the positive performance over the last month — all hint at potential growth in the long run.

Despite the anticipated near-term decrease, it’s crucial to remember that Ethereum, like all cryptocurrencies, operates within an environment marked by volatility and unpredictability. Such market movements often represent opportunities for shrewd investors who understand the oscillating trends of the crypto market and are aware that immediate price movements do not necessarily dictate long-term patterns.

This forecasted drop could present a potential opportunity for investors who believe in Ethereum’s long-term potential. A lower entry point could prove profitable if Ethereum’s value rebounds following the predicted dip, as has been the case with numerous cryptocurrencies in the past.

In conclusion, investing in Ethereum, or any cryptocurrency for that matter, demands continual vigilance, a firm understanding of market dynamics, and the flexibility to adapt to ever-changing market conditions. While Ethereum’s price may be projected to drop in the near term, the broader outlook suggests the potential for future growth and profit. The volatile landscape of cryptocurrency is not for the faint-hearted, but for those who master its ebbs and flows, it can offer substantial rewards. In the words of ancient wisdom, fortune often favors the bold, and in the world of cryptocurrency, the bold are those who stay informed, patient, and adaptable.

Ethereum’s Ascent: An Informed Look at the Anticipated Price Evolution

In the intricate and dynamic sphere of cryptocurrencies, we offer a thoughtful projection for Ethereum’s potential future trajectory. According to our sophisticated financial modelling, Ethereum’s price is expected to experience an upward shift of 4.77%, pegging its anticipated value at $1,982.01 by June 5, 2023.

A detailed analysis of our technical indicators reveals a neutral sentiment pervading the current market landscape for Ethereum. In tandem, the Fear & Greed Index, an established metric to gauge the overall emotional climate of the market, currently displays a neutral value of 51. This score reflects a state of equilibrium in the market, devoid of extremes of fear or greed.

Reviewing Ethereum’s performance in the past 30 days, it has marked 16 out of 30 days as green days, indicating positive growth on these days, equivalent to a 53% success rate. During this period, the price underwent a volatility rate of 2.17%.

Taking into account these diverse aspects, our Ethereum forecast suggests that it might be a good time to purchase Ethereum. The expected upward price movement coupled with the current neutral sentiment might present potential investors with a promising opportunity for investment in Ethereum. As always, careful observation of market trends and prudence is recommended.

Ethereum Price Forecast 2023: Why Now is a Good Time to Invest in ETH

Our current Ethereum price prediction indicates that the value of Ethereum is expected to drop by -2.95% and reach $1,848.07 by May 10, 2023. Our technical indicators show a Bullish sentiment, while the Fear & Greed Index is at 61 (Greed). Over the last 30 days, Ethereum has recorded 16/30 (53%) green days with 4.48% price volatility.

Based on our Ethereum forecast, it’s now a good time to buy Ethereum. As the second-largest cryptocurrency in terms of market capitalization, Ethereum presents a promising investment opportunity for those interested in the cryptocurrency market.

When considering Ethereum as an investment, it’s important to keep in mind the risks and potential rewards. The cryptocurrency market is highly volatile, and sudden changes in market conditions can have a significant impact on the value of individual cryptocurrencies, including Ethereum.

However, the overall sentiment and forecast for Ethereum are positive. As more applications are developed on the Ethereum blockchain, the demand for Ethereum is expected to increase, potentially driving up its value in the long term.

By staying informed and up-to-date on the latest market trends and analysis, investors can make informed decisions and potentially reap the benefits of a successful investment in Ethereum.

Overall, while there is no guarantee of success, now may be a good time to invest in Ethereum. By conducting thorough research and analysis, investors can make informed decisions and potentially achieve success in the cryptocurrency market.

How to Exchange Ethereum (ETH): A Comprehensive Guide

Ethereum (ETH) is one of the most popular cryptocurrencies in the world, known for its smart contract functionality and ability to power decentralized applications (dApps). If you own Ethereum and want to exchange it for other cryptocurrencies or fiat currency, you may be wondering where to start. In this article, we will provide a comprehensive guide on how to exchange Ethereum (ETH).

 

What is Ethereum (ETH)?

Ethereum is a decentralized blockchain platform that was created to enable developers to build and deploy decentralized applications. The platform introduced the concept of smart contracts, which are self-executing contracts that can be programmed to execute automatically when certain conditions are met. Ethereum has gained significant popularity in recent years and is now one of the most widely used blockchains in the world.

 

How to Exchange Ethereum (ETH)

To exchange Ethereum for other cryptocurrencies or fiat currency, you will need to follow these steps:

Step 1: Choose a Cryptocurrency Exchange

The first step in exchanging Ethereum is to choose a cryptocurrency exchange that supports ETH. There are several exchanges that support ETH, including Coinbase, Binance, and Kraken. When choosing an exchange, consider factors such as trading fees, security, and reputation.

Step 2: Create an Account

Once you have chosen an exchange, you will need to create an account. The account creation process may vary depending on the exchange, but typically you will need to provide personal information such as your name, email address, and a password.

Step 3: Verify Your Identity

Most cryptocurrency exchanges require users to verify their identity before they can start trading. This is to comply with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations. You will need to provide identification documents such as a passport or driver’s license to verify your identity.

Step 4: Deposit Ethereum (ETH)

Once your account is set up and your identity is verified, you can deposit ETH into your exchange wallet. To do this, go to the deposit section of the exchange and find ETH in the list of supported cryptocurrencies. Copy the deposit address and send ETH from your personal wallet to the exchange wallet.

Step 5: Exchange Ethereum (ETH) for Another Cryptocurrency or Fiat Currency

Now that you have ETH in your exchange wallet, you can exchange it for another cryptocurrency or fiat currency. To do this, go to the trading section of the exchange and find the ETH trading pair you want to trade. For example, if you want to exchange ETH for Bitcoin (BTC), find the ETH/BTC trading pair. Enter the amount of ETH you want to trade and submit the order. The exchange will execute the trade, and you will receive the new cryptocurrency or fiat currency in your exchange wallet.

Step 6: Withdraw Your Funds

Once you have exchanged ETH for another cryptocurrency or fiat currency, you can withdraw your funds from the exchange. To do this, go to the withdrawal section of the exchange and find the cryptocurrency or fiat currency you want to withdraw. Enter the withdrawal address and amount, and submit the withdrawal request. The exchange will process the withdrawal, and you will receive your funds in your personal wallet.

 

Tips for Exchanging Ethereum (ETH)

  1. Choose a reputable exchange: When exchanging Ethereum, it is essential to choose a reputable exchange with a good track record. This will ensure that your funds are safe and that you receive the best possible exchange rate.
  2. Keep your personal information secure: It is important to keep your personal information secure when using a cryptocurrency exchange. Use strong passwords and enable two-factor authentication to protect your account.
  3. Consider the fees: Each exchange has its own fee structure, so it is important to consider the fees when choosing an exchange. Look for an exchange with low fees to maximize your profits.
  4. Use a personal wallet: When exchanging Ethereum, it is recommended to use a personal wallet to store your cryptocurrency. This will give you more control over your funds and reduce the risk of losing your cryptocurrency due to exchange hacks or other security breaches.
  5. Be patient: Cryptocurrency exchange transactions can take some time to process, so be patient and wait for the transaction to be confirmed before making any further trades or withdrawals.

 

 

Conclusion

Exchanging Ethereum (ETH) for other cryptocurrencies or fiat currency is a straightforward process that can be done through a cryptocurrency exchange. By following the steps outlined in this guide, you can easily exchange ETH and take advantage of its smart contract functionality and ability to power decentralized applications. Remember to choose a reputable exchange, keep your personal information secure, consider the fees, use a personal wallet, and be patient when making trades or withdrawals. With these tips in mind, you can make the most of your Ethereum investment and participate in the growing world of decentralized finance.

How to Sell Ethereum

Ethereum is a blockchain-based distributed computing platform, featuring smart contract functionality. It provides a decentralized virtual machine which can execute scripts using an international network of public nodes. Ethereum was proposed in 2013 by Vitalik Buterin, a Russian-Canadian programmer, and was launched in 2015. The purpose of Ethereum is to provide users with a secure, decentralized platform for applications and automation of smart contracts. As such, it has become one of the most popular cryptocurrencies in the world.

In order to sell Ethereum, you need to first obtain some Ethereum tokens. You can do this either by “mining” them or purchasing them on a cryptocurrency exchange. If you choose to mine them, you’ll need specialized hardware and software as well as electricity and bandwidth. On the other hand, if you purchase them on an exchange, you won’t need any special hardware or software but will still incur fees from the exchange itself. Once you have some tokens, you’re ready to begin selling!

Before making your decision on how to go about selling your Ether tokens, consider these factors: price fluctuations, security concerns, and liquidity constraints.

Price Fluctuations: The price of Ethereum changes frequently due to market forces like supply and demand as well as news developments related to cryptocurrencies. Therefore, it’s important to understand how these factors affect prices before making any decisions about selling Ether tokens. Taking into consideration the potential risks associated with investing in cryptocurrencies is key when deciding whether or not to make transactions at certain times or under certain conditions.

Security Concerns: There are also security concerns that must be taken into account when selling any type of cryptocurrency online or off. Crypto exchanges are vulnerable targets for hackers who seek access to user accounts and assets stored there; therefore it is essential that all necessary steps are taken beforehand in order ensure that your Ether tokens remain safe throughout the process of selling them—such as using two-factor authentication (2FA) for added protection against cyber attacks when accessing exchanges or wallets storing your funds. Additionally, it’s advisable to research whichever platform you intend on using thoroughly before making any financial transactions through it; look for feedback from other users as well as information about its security infrastructure and customer service responses times should any issues arise during trading activities occur on their servers.

Liquidity Constraints: Liquidity constraints refer to how quickly an asset can be converted into cash without incurring too much loss in terms of its value over time—this is especially important when dealing with digital currencies like Ether due their volatile nature which often results in rapid price swings that could lead one into taking losses if they were unable sell their holdings quick enough when prices drop suddenly as a result of market volatility issues like whales dumping large amounts onto exchanges at once causing downward pressure on prices etc… This means that having access to liquid markets where orders can be filled quickly is crucial if one wishes maximize profits while minimizing losses at the same time during periods fast moving markets where cryptocurrency prices change rapidly within short periods of time; thus having access platforms like ChangeHero (which supports multiple order types including market orders) may prove beneficial for traders who wish get the most out their trades without having wait too long for their orders fill up during times high trading volumes which typically occur during peak market hours day/night—such platforms also offer enhanced security features like cold storage solutions protect user funds from being stolen cybercriminals as well provide access margin trading services so that traders have more options maximize their investments even further depending upon risk tolerance levels experience with such activities etc…

To sum up: Before deciding on how best sell your Ether tokens safely securely swiftly efficiently profitably possible—it important take into consideration factors such price fluctuations security concerns liquidity constraints mind doing so ensure optimal outcomes every transaction made involving digital assets such those offered through blockchain based networks like Ethereum…

Secret revealed: How to easily buy Ethereum and make a fortune in the cryptocurrency market!

Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (dapps). It is the second largest cryptocurrency by market capitalization after Bitcoin. In this article, we will guide you through the process of buying Ethereum.

Step 1: Choose a Cryptocurrency Exchange

The first step in buying Ethereum is to choose a cryptocurrency exchange that supports Ethereum. Some popular exchanges that offer Ethereum include Binance, Coinbase, Kraken, and Changehero. When choosing an exchange, consider factors such as security, user-friendliness, fees, and supported countries.

Step 2: Create an Account

Once you have chosen an exchange, the next step is to create an account. This process typically involves providing your personal information, such as name, email address, and address, and setting up a password. Some exchanges may also require you to provide additional information, such as proof of identity and proof of address.

Step 3: Enable Two-Factor Authentication

To enhance the security of your account, it is advisable to enable two-factor authentication (2FA). 2FA adds an extra layer of security by requiring a code from a device, such as a smartphone, in addition to your password to log in to your account.

Step 4: Add Funds to Your Account

Once your account is set up, you will need to add funds to it. This can typically be done via bank transfer or credit card. Some exchanges may also accept other payment methods, such as PayPal or Skrill.

Step 5: Buy Ethereum

With funds in your account, you are now ready to buy Ethereum. To do this, navigate to the Ethereum market and place a buy order. The amount of Ethereum you receive will depend on the current market price and the amount of funds you are using to purchase.

Step 6: Store Your Ethereum in a Wallet

Once you have purchased Ethereum, it is important to store it in a secure wallet. Cryptocurrency exchanges are vulnerable to hacking and theft, so it is best to store your Ethereum in a wallet that you control. Some popular Ethereum wallets include MyEtherWallet, MetaMask, and Ledger.

Conclusion

Buying Ethereum is a straightforward process, but it is important to take the necessary precautions to ensure the security of your funds. Choosing a reputable exchange, enabling 2FA, storing your Ethereum in a secure wallet, and keeping your private keys safe are all important steps in buying and holding Ethereum. With these steps in mind, you are now ready to join the world of decentralized finance and start using Ethereum.

Why ETH Whales Are Scooping Billions Of Shiba Inu Tokens Right Now?

Shiba Inu News: Shiba Inu, the world’s second largest meme cryptocurrency didn’t get the desired gains in the year 2022 due to the multiple collapses in the market. However, recent updates coming from the Shiba Inu ecosystem have motivated and assured the community of some good times ahead amid the increased volatility in the market.

As per the report, Shiba Inu Ecosystem’s long planned Layer 2 blockchain solution, Shibarium dropped a much anticipated update. It highlighted that the Beta launch is expected to happen in early 2023.

It mentioned that Shiba Inu’s Bone ShibaSwap (BONE) token will serve as the required gas token within the Shibarium. However, this time it added that each transaction done will burn the Shiba Inu token in the process.

This recent announcement has pumped the Ethereum whales to add more Shiba Inu in their wallets. As per Whalestats, SHIB token flipped Wrapped Ethereum (WETH) for the most traded token among the top 1000 whales. Read More Shiba Inu News Here…

While a whale address named BlueWhale0159 bought 187 billion Shiba Inu token in a single transaction. The total worth of the purchase stands at around $1.5 million.

As per the data, Shiba Inu is in the top 10 list of tokens purchased by the largest 100 ETH whales in the last 24 hours. SHIB token also made it the most used smart contract by the same whales.

Data suggests that the top 100 ETH whales are now cumulatively holding $44.2 million worth of Shiba Inu tokens with them. This makes up just 2% of their total holdings.

The update from the Shibarium depicts that the BONE will be the only crypto for transactions in Shibarium. While Shiba Inu holders (which hold over 1 million SHIBs) will need to make transactions in Shibarium to burn their tokens.

With every transaction, SHIB tokens will be sent to a dead wallet. This move will help the community to lock in huge amounts of SHIB tokens which can boost the Shiba Inu price in the future.

Why ETH Price Could See Major Selling Ahead?

Amid the crypto broader market correction, the world’s second-largest digital asset Ethereum (ETH) is already down 7.5% trading under $1,200. The recent price crash has eroded all of last week’s gains for ETH.

Now, the cryptocurrency faces the risk of further downfall going ahead. Since the Beacon chain upgrades last year, ETH investors have been staking their coins with Ethereum 2.0. Now, the newly upgrade Ethereum 2.0 blockchain holds 12% of the total supply.

On the other hand, the ETH exchange reserves have dropped down to 15% of the total supply and continue to decline further. However, ETH faces a potential threat to its price as the Shanghai hardfork approaches closer, scheduled for March 2023.

This hardfork will make it possible for investors to withdraw the staked Ether with the network validators. On-chain data provider CryptoQuant explains a scenario that could lead to a mass selling in the price of Ether.

One of the most imminent questions that ETH investors have is how much ETH can be withdrawn on Ethereum 2.0. Nearly 12% of the total supply or 15 million ETH coins currently reside on Ethereum 2.0. Data provider CryptoQuant explains:

“From a short-term perspective, there are higher APY strategies than staking rewards by depositing ETH2 that might not be promised to withdraw”.

Also, let’s have a look at the change in the balances of Ethereum 2.0. Compared to the last year 2021, the total number of depositors with ETH2 has jumped by 57% this year. However, the total deposit balance has remained the same. This shows that the total balance per deposit has ultimately jumped by 133% in 2022.

Commenting on the ETH exchange reserves, CryptoQuant explains: “It may be that the balance of $ETH2 increases as the $ETH exchange reserve decreases. 18M of $ETH are held on the exchange, 15% of the total supply. However, the exchange reserve is an ongoing downtrend”.

As the supply dynamics shift after the Shanghai hardfork, ETH price volatility will be imminent.