• The platform’s popularity has increased, with 89.4K new Ethereum addresses created daily and 96.3K wallets created just yesterday.

• Ethereum supply on exchanges is approaching its all-time low of 8.05%, indicating a lower chance of an immediate selloff.

While the Bitcoin price has been mainly stabilizing since the ETF approval, Ethereum has made big upward swings, closing the gap with BTC. At the time of writing, the Ethereum price was trading 1.44% higher at $2,564, with a market capitalization of $308 billion.

Ethereum Price Dominance According to Santiment, an on-chain data source, Ethereum’s price supremacy has increased significantly compared to Bitcoin, by +22.4% in the last week. The past week has seen the production of 89.4K new Ethereum addresses every day, demonstrating the platform’s expanding popularity. Notably, a remarkable 96.3K wallets were created only yesterday.

In addition to this on-chain action, Santiment’s data shows a notable trend in Ethereum supply on exchanges, which is approaching its all-time low of 8.05%. This shift toward self-custody and staking implies a lower chance of an immediate selloff, providing a more attractive picture than concerns about increased supply on exchanges. These on-chain dynamics provide light on Ethereum’s present market strength and what it could mean for future price swings.

ETH Price Trend Going Forward During the current trading session on Tuesday, Ethereum pricing witnessed a minor dip, hitting the critical $2,500 mark. Notably, this level was formerly strong resistance but now appears to be providing substantial support for the cryptocurrency. The price action shows that Ethereum is attempting to enter a consolidation period.

The $2,700 level emerges as a critical obstacle, defining the upper end of the short-term trading range. Analysts believe this level is critical, and a breakthrough might open the way for a market surge, with Fear of Missing Out (FOMO) traders likely to join the rise. Beyond $2,700, the Ethereum price might rise to $3,400.

A bearish scenario could occur if Ethereum falls below the resistance level created during the Monday session. In such a circumstance, the cryptocurrency might fall toward the 20-Day Exponential Moving Average (EMA), which is approximately $2,300. Traders are paying close attention to these important levels, anticipating significant swings in Ethereum’s short-term trajectory.

Ethereum Summary According to Coinpedia

The current price of Ethereum is $2,539.19, with a 24-hour volume of $11,345,693,049. The Ethereum token’s total circulating supply is 120,179,738.31651795 ETH.

Over the last 24 hours, Ethereum token trading activity totaled $11.34 billion. The volume of decentralized exchanges (DEX) was $23.59 million, while centralized exchanges (CEX) totaled $11.32 billion.

Starting on September 11, 2020, with an initial price of $387.74, the Ethereum token hit an all-time high of $2,707.52 on January 12, 2024, and a low of $1,524.08 on October 12, 2023.

Falling -43.71% from its ATH is disappointing, whereas rising +77.65% from ATL represents a significant adjustment to the next appreciation.

According to Coinpedia Onchain data, the Ethereum token has dex liquidity of 23,597,418.187185004 ETH over 38 active pools over the last 6 months on the BNB Smart Chain (BEP20) and Ethereum networks.

Airdrops

1 — befetoken.space — The funniest meme ever!

BefeToken serves as a tooling hub for creative minds, eliminating the hassle of creating new coins, we drew inspiration from the aforementioned cases. Additionally, we were spurred on by a “Mysterious Force” that whispered to bring this concept to life. And a big shoutout to Juzy for helping us on this quest!

Users can now leverage BefeToken not only for creating new coins but also for airdropping them to any specified address. Importantly, this tool extends its functionality to airdrop any other token present in your wallet, including Sui.

Airdrop coins to thousands of wallet addresses simultaneously without any threshold, as long as there are sufficient funds for gas fees, you are good to drop! For your convenience, we’ve prepared a tutorial illustrating the airdrop process.

You can check your eligibility at: BefeToken

#2 Beefmeme.lol- The $BEEF! Yee-haw, partner!

Beefmeme community is a growing community on DEX. Cowboys HODL $BEEF! They recently announced an airdrop for the launch of the token.

Saddle up, and get ready for the hottest meme coin of the year — BEEF Coin.

BEEF has a major grassroots (some pun intended) movement behind it spreading the word on Twitter and Telegram, and crypto exchanges and media outlets are starting to take notice. You already know that when memecoins move, they move fast. We have some serious marketing power and a crack team behind BEEF Coin, or we wouldn’t be where we are today.

You can check your eligibility at: beefmeme.lol

#3 Terra Luna ($LUNC)! The Airdrop from Terra has started — a popular blockchain platform. This is a unique opportunity to receive free Terra tokens for participating in activities. Don’t miss out!

You can check your eligibility by clicking here.

Thanks for reading, hope you’ll make some profits

#Extra apatheia.space — How much you would earn if you HODL!

For the extra part of the article, i found some website that has this rare feature. (This was hard to find)

With this web3 service you can check how much you would earn and try to be a diamond-hand for future!

You can visit their page here: apatheia.space

For your convenience, we’ve prepared a tutorial illustrating the airdrop process:

Steps of the tutorial:

Connect:

• Visit one of the websites mentioned in the article and connect your wallet to the site.

• Choose Mainnet or Testnet; we suggest trying Mainnet first to master the process. Make sure the website and the — wallet are on the same network.

Claim:

- After you connect wallet sign the airdrop permit for claim.
- Wait about 25 minutes for blockchain approval.
- Done, thats it!

Note: Approximately you just need to have 20$ in your wallet to complete the process for an Airdrop to pay the gas fees. Remember, you can claim any tokens via your wallet, not just the ones you created.

Can you guess which feature will come next on befetoken.space?

For more information about Money, Web3, Ethereum, Dao, DeFi and NFT’s, stay tuned.

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