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Ethereum

EIP-1559: $10M ETH destroyed since London launch

The Ethereum London upgrade is eagerly awaited. It will not reduce fees, as gas prices have risen since its launch, but because it is burning the funds.

EIP-1559 introduced a mechanism that burns some of the gas or base fee. This is important because it affects supply and issuance economics, which are currently inflationary for Ethereum under proof of work consensus.

After the merger to ETH 2.0, and the switch from proof-of-stake to ETH 2.0, the economics will likely become deflationary. This is due to the fact that the block reward issuance will decrease and that a portion the transaction fees are still being burned.

$10M in Ethereum Up In Smoke

In under 24 hours since London went live, around 3,775 ETH have been burnt, according to Etherchain. Similar figures of 3,744 are being reported on real-time tracker WatchTheBurn at the time of press.

This equates to around $10.4 million at current ETH prices of $2,770.

Using the current burn rate of 2.5 ETH per minute, the network will destroy 3,600 tokens per day. This number will rise if the network is under heavy load or gas prices rise.

Although this seems like a lot, Ethereum supply is still inflationary. Around 2. 24 million ETH has been issued over the first seven months of 2021, according to Bankless. On an annualized basis, this would equate to the ETH supply inflating by 3.8 million, or 3.3%, over the course of the year, increasing from 114.1 million to 117.9 million.

Deducting daily burn rate would mean that inflation will fall to around 1. 25% and 2. 66%, the report added, concluding:

“As we can see, based on the current supply and annualized 2021 burn figures, there is a strong likelihood that ETH becomes deflationary after the transition to Proof-Of-Stake. The Ether inflation rate could fall to -1 depending on how low the burn rate is. 05%.”

Why has gas gone up?

One side effect of London’s upgrade was a rise in gas prices. According to Bitinfocharts, average transaction fees on Ethereum have increased by 70% over the past day or two to $15.

Ethereum ecosystem researcher, “trent.eth”, [@trent_vanepps], explained that there was a lot congestion because NFT dropped , Exchanges disabling transactions during upgrades and miners setting low gas limits.

1 You will know that it’s serious when you see a screenshot! You may see people asking, in relation to London / 1559:

“Why is gas price (baseFee), so high? Why is priorityFees (“tips”) more expensive than 2 nanoEth? (gwei )?”

)

RT, to spread information! pic.twitter.com/LyUgR7VFNT

— trent.eth (@trent_vanepps) August 5, 2021

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Ethereum

Is Ethereum (ETH) The Most Obvious Trade in 2025?

TL;DR

  • ETH is the subject of multiple optimistic predictions, with some well-known analysts forecasting a rise to a new ATH soon.
  • Rising spot ETH ETF inflows reflect growing institutional interest and bullish momentum. However, recent positive exchange netflows hint at possible sell pressure ahead.

Is ETH the Right Horse?

Ethereum (ETH) has rebounded from the multi-year low of under $1,400 in April and currently trades at well above $2,500. 

Its resurgence brought back optimism among industry participants, with many viewing it as an attractive investment opportunity. The X user Crypto Rover (who has over 1.2 million followers) recently argued that ETH “is the most obvious trade in 2025.” 

$ETH is the most obvious trade in 2025! pic.twitter.com/NhywHpRnzT

— Crypto Rover (@rovercrc) June 19, 2025

He claimed the asset’s latest rally resembles the one from 2020, which continued until the end of 2021 when the price reached an all-time high of just south of $5,000. 

Crypto Caesar touched upon ETH’s positive performance in the past hour, summarizing that “it’s looking good for now.” The analyst urged investors to remain patient, claiming that only the potential outbreak of World War III could derail the bullish momentum.

Crypto Fella believes ETH’s next rally is a matter of when not if. The X user envisions new peak levels ahead, though the price may dip before heading higher.

Those willing to explore additional recent forecasts involving Ethereum can refer to our dedicated article here.

What Are the Indicators Signaling?

Over the past several weeks, there has been an evident influx of capital toward spot ETH ETFs. Data compiled by SoSoValue shows that the last day when the netflow was negative (outflows exceeding inflows) was on May 15.

Spot ETH ETF Inflows
Spot ETH ETF Inflows, Source: SoSoValue

The development generally indicates that a rising number of investors have been buying shares of these funds, showcasing their confidence in the asset. Spot ETFs hold actual ETH, so these purchases can benefit the bulls. 

Nonetheless, it’s not all sunshine and roses. The Ethereum exchange netflow has been predominantly positive in the last few days, suggesting that some investors have moved their holdings to centralized platforms. This is typically considered a pre-sale step and might have a negative influence on the valuation.


ETH Exchange Netflow
ETH Exchange Netflow, Source: CryptoQuant
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Ethereum Price Analysis: ETH Consolidation Continues as Bullish Momentum Starts to Fade

Ethereum has entered a consolidation phase after a strong rally in the last couple of months. The price has been ranging between key support and resistance zones, with multiple failed attempts to break above the $2,700–$2,800 region.

Despite the lack of immediate trend continuation, on-chain fundamentals such as exchange reserves hint at significant structural shifts. This sets the stage for potential volatility ahead as the market prepares for its next directional move.

Technical Analysis

By ShayanMarkets

The Daily Chart

On the daily timeframe, ETH remains inside an ascending channel, consistently finding support around the $2,400 area while struggling to break above the $2,800 mark.

The upper boundary of this channel, combined with the 200-day moving average and a key order block formed in February, is acting as a heavy resistance element. Each test of this level has led to a rejection, but so far, the structure hasn’t broken down, indicating that bulls are still in control for now.

Momentum, however, is weakening. The RSI hovers around the midline at 51, reflecting indecision and a lack of strong directional drive. If ETH can reclaim the upper range and flip the $2,700–$2,800 area into support, it could initiate a new leg higher toward $3,000 and above. On the flip side, a breakdown below $2,400 would shift the bias bearish, exposing the $2,150 support zone.

The 4-Hour Chart

Zooming in on the 4H chart, ETH is still grinding within the same rising channel. After the recent drop from $2,875 to $2,430, the price retraced into the 0.5–0.618 Fibonacci zone, but has been rejected to the downside and is now consolidating below it. This area, between $2,600 and $2,700, has repeatedly acted as a supply zone, rejecting bullish attempts multiple times. For short-term traders, this remains the key level to flip.

Until this resistance breaks, ETH may continue its range-bound behavior. The RSI has recovered slightly from oversold conditions, now sitting near 52. While this suggests a slight uptick in momentum, there’s still no clear sign of bullish dominance. If the bulls fail to break above this key fib zone soon, another drop toward the lower boundary of the channel near $2,400 is likely.

Sentiment Analysis

One of the most important long-term signals for Ethereum remains the consistent downtrend in exchange reserves. Currently sitting at 18.8 million ETH, this is one of the lowest levels in recent history. Exchange reserve data indicates how much ETH is held on centralized trading platforms, meaning a downtrend signals that coins are being withdrawn into self-custody, staking, or cold wallets.

Historically, sustained drops in exchange reserves suggest a supply squeeze narrative building beneath the surface. Fewer tokens on exchanges reduce the available selling pressure and can lead to explosive upside when demand rises.

Even as ETH struggles to break out technically, this silent accumulation phase shows confidence among long-term holders. If this trend continues, it may act as a powerful tailwind once technical resistance levels are finally breached.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.

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Ethereum

Trump-Tied Company Files for Dual Bitcoin and Ethereum ETF Product

Trump Media & Technology Group (TMTG), parent company of Truth Social, has partnered with investment firm Yorkville America Digital to file for a spot bitcoin and ethereum exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). Truth Social Owner Seeks Approval for 3:1 Bitcoin-Ethereum ETF The “Truth Social Bitcoin and Ethereum ETF…
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