{"id":288412,"date":"2021-05-06T12:23:28","date_gmt":"2021-05-06T16:23:28","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=288412"},"modified":"2021-05-06T12:23:28","modified_gmt":"2021-05-06T16:23:28","slug":"eth-bullish-rally-shows-no-signs-slowing-down","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/eth-bullish-rally-shows-no-signs-slowing-down","title":{"rendered":"ETH Bullish Rally Shows no Signs of Slowing Down"},"content":{"rendered":"

This week has been the best ever for Ethereum (ETH)<\/a>. The coin has rallied past $3,500, which marks its highest value this year, with its market dominance increasing by 17%. Its latest market cap ($398 billion) means the currency is now more valuable than MasterCard, PayPal, and Bank of America.<\/p>\n

Supporting the bull case for Ethereum is the strengthening fundamentals. For example, Ethereum deposits are lower than ETH withdrawn from exchanges, while ETH deposits to DeFi have doubled in three months.<\/p>\n

Maintaining bullish rally<\/h2>\n

Despite the four times growth in ETH since the beginning of the year, current market activity suggests that the bull run will not be slowing down anytime soon. The supply of Ethereum on various exchanges has been slowing down faster than exchange inflows. This trend shows increased growth and less risk in investing in crypto.<\/p>\n

The growth trend of Ethereum is also an exciting aspect that investors should be looking out for. The non-exchange ETH whale addresses have doubled while the exchange ETFs have dropped by half. This is an opposite trend to the exchange and non-exchange whale addresses.<\/p>\n

\"36Qu2K1b\"<\/a><\/p>\n

Increase in Ethereum DeFi Deposits<\/h2>\n

As ETH is increasingly flowing out of exchanges, there is an increase in the number of ETH deposits flowing into DeFi protocols. The total value of ETH deposited in DeFi protocols<\/a> has increased two times in the past three months.<\/p>\n

In addition, deposits made to the ETH smart contracts have also increased to a record high. The value of Ethereum coins added to the deposit contracts on the Ethereum mainnet has also grown to reach around $13 billion. The total value on the Eth 2.0 deposit contracts has reached ATH 4.2 million ETH.<\/p>\n

There has also been evidence that institutional adoption of ETH has also increased. The ETH premium recorded on Coinbase has also increased significantly since the beginning of the year. This adoption will most likely push the value of ETH higher and even result in overall success.<\/p>\n

However, it has not been all roses for Ethereum, given the increase in gas fees on the ETH platform. Nevertheless, gas fees have dropped significantly over the last few years, attracting more investors to the platform.<\/p>\n

It has also seen increased network activity on the Ethereum mainnet<\/a>. Ethereum is also looking to complete the upgrade to Eth 2.0 by the end of next year.<\/p>\n

The Berlin fork was the most recent milestone on the Eth 2.0 roadmap, taking place in mid April. This upgrade will increase on-chain activity on Ethereum and could push ETH prices even higher.<\/p>\n","protected":false},"excerpt":{"rendered":"

This week has been the best ever for Ethereum (ETH). The coin has rallied past $3,500, which marks its highest value this year, with its […]<\/a><\/div>","protected":false},"author":1717,"featured_media":270930,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[7596],"tags":[7598,7600,5982,7599,7893],"class_list":["post-288412","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-crypto","tag-eth","tag-ethereum","tag-market","tag-trading"],"acf":[],"yoast_head":"\nETH Bullish Rally Shows no Signs of Slowing Down<\/title>\n<meta name=\"description\" content=\"Ethereum on fire with deposits lower than ETH withdrawn from exchanges, while ETH locked on DeFi have doubled in three months.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ETH Bullish Rally Shows no Signs of Slowing Down\" \/>\n<meta property=\"og:description\" content=\"Ethereum on fire with deposits lower than ETH withdrawn from exchanges, while ETH locked on DeFi have doubled in three months.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-06T16:23:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/08\/Trading-Volume.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1500\" \/>\n\t<meta property=\"og:image:height\" content=\"1000\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Ali Raza\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ali_r1272\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ali Raza\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412\"},\"author\":{\"name\":\"Ali Raza\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/542f9bb7fcd1a45cdfd54e377a73fb2d\"},\"headline\":\"ETH Bullish Rally Shows no Signs of Slowing Down\",\"datePublished\":\"2021-05-06T16:23:28+00:00\",\"dateModified\":\"2021-05-06T16:23:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412\"},\"wordCount\":425,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/08\/Trading-Volume.jpg\",\"keywords\":[\"Crypto\",\"ETH\",\"Ethereum\",\"Market\",\"Trading\"],\"articleSection\":[\"Breaking Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412#respond\"]}],\"copyrightYear\":\"2021\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412\",\"name\":\"ETH Bullish Rally Shows no Signs of Slowing Down\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412#primaryimage\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/08\/Trading-Volume.jpg\",\"datePublished\":\"2021-05-06T16:23:28+00:00\",\"dateModified\":\"2021-05-06T16:23:28+00:00\",\"description\":\"Ethereum on fire with deposits lower than ETH withdrawn from exchanges, while ETH locked on DeFi have doubled in three months.\",\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412#primaryimage\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/08\/Trading-Volume.jpg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/08\/Trading-Volume.jpg\",\"width\":1500,\"height\":1000,\"caption\":\"Rise in Ethereum DeFi Tokens Leads to Increasing Crypto Lending Volumes\"},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/insidebitcoins.com\/#website\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"name\":\"InsideBitcoins.com\",\"description\":\"Search & Compare Brokers within Crypto, Forex & Stocks\",\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/insidebitcoins.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/insidebitcoins.com\/#organization\",\"name\":\"InsideBitcoins\",\"url\":\"https:\/\/insidebitcoins.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg\",\"width\":195,\"height\":32,\"caption\":\"InsideBitcoins\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/542f9bb7fcd1a45cdfd54e377a73fb2d\",\"name\":\"Ali Raza\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/avatar_user_1717_1714353205-96x96.jpeg\",\"contentUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/avatar_user_1717_1714353205-96x96.jpeg\",\"caption\":\"Ali Raza\"},\"description\":\"Ali is a professional journalist with experience in Web3 journalism and marketing. Ali holds a Master's degree in Finance and enjoys writing about cryptocurrencies and fintech. Ali\u2019s work has been published on a number of leading cryptocurrency publications including Capital.com, CryptoSlate, Securities.io, Business2Community, BeinCrypto, and more.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/alirazak\/\",\"https:\/\/x.com\/ali_r1272\"],\"knowsAbout\":[\"Cryptocurrency\",\"Fintech\",\"Finance\"],\"jobTitle\":\"Editor\",\"url\":\"https:\/\/insidebitcoins.com\/author\/aliraza\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"ETH Bullish Rally Shows no Signs of Slowing Down","description":"Ethereum on fire with deposits lower than ETH withdrawn from exchanges, while ETH locked on DeFi have doubled in three months.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412","og_locale":"en_US","og_type":"article","og_title":"ETH Bullish Rally Shows no Signs of Slowing Down","og_description":"Ethereum on fire with deposits lower than ETH withdrawn from exchanges, while ETH locked on DeFi have doubled in three months.","og_site_name":"InsideBitcoins.com","article_published_time":"2021-05-06T16:23:28+00:00","og_image":[{"width":1500,"height":1000,"url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/08\/Trading-Volume.jpg","type":"image\/jpeg"}],"author":"Ali Raza","twitter_card":"summary_large_image","twitter_creator":"@ali_r1272","twitter_misc":{"Written by":"Ali Raza","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412#article","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412"},"author":{"name":"Ali Raza","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/542f9bb7fcd1a45cdfd54e377a73fb2d"},"headline":"ETH Bullish Rally Shows no Signs of Slowing Down","datePublished":"2021-05-06T16:23:28+00:00","dateModified":"2021-05-06T16:23:28+00:00","mainEntityOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412"},"wordCount":425,"commentCount":0,"publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412#primaryimage"},"thumbnailUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/08\/Trading-Volume.jpg","keywords":["Crypto","ETH","Ethereum","Market","Trading"],"articleSection":["Breaking Crypto News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412#respond"]}],"copyrightYear":"2021","copyrightHolder":{"@id":"https:\/\/insidebitcoins.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412","url":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412","name":"ETH Bullish Rally Shows no Signs of Slowing Down","isPartOf":{"@id":"https:\/\/insidebitcoins.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412#primaryimage"},"image":{"@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412#primaryimage"},"thumbnailUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/08\/Trading-Volume.jpg","datePublished":"2021-05-06T16:23:28+00:00","dateModified":"2021-05-06T16:23:28+00:00","description":"Ethereum on fire with deposits lower than ETH withdrawn from exchanges, while ETH locked on DeFi have doubled in three months.","inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412#primaryimage","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/08\/Trading-Volume.jpg","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2020\/08\/Trading-Volume.jpg","width":1500,"height":1000,"caption":"Rise in Ethereum DeFi Tokens Leads to Increasing Crypto Lending Volumes"},{"@type":"WebSite","@id":"https:\/\/insidebitcoins.com\/#website","url":"https:\/\/insidebitcoins.com\/","name":"InsideBitcoins.com","description":"Search & Compare Brokers within Crypto, Forex & Stocks","publisher":{"@id":"https:\/\/insidebitcoins.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/insidebitcoins.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/insidebitcoins.com\/#organization","name":"InsideBitcoins","url":"https:\/\/insidebitcoins.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2022\/07\/insidebitcoins.svg","width":195,"height":32,"caption":"InsideBitcoins"},"image":{"@id":"https:\/\/insidebitcoins.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/542f9bb7fcd1a45cdfd54e377a73fb2d","name":"Ali Raza","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/insidebitcoins.com\/#\/schema\/person\/image\/","url":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/avatar_user_1717_1714353205-96x96.jpeg","contentUrl":"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/04\/avatar_user_1717_1714353205-96x96.jpeg","caption":"Ali Raza"},"description":"Ali is a professional journalist with experience in Web3 journalism and marketing. Ali holds a Master's degree in Finance and enjoys writing about cryptocurrencies and fintech. Ali\u2019s work has been published on a number of leading cryptocurrency publications including Capital.com, CryptoSlate, Securities.io, Business2Community, BeinCrypto, and more.","sameAs":["https:\/\/www.linkedin.com\/in\/alirazak\/","https:\/\/x.com\/ali_r1272"],"knowsAbout":["Cryptocurrency","Fintech","Finance"],"jobTitle":"Editor","url":"https:\/\/insidebitcoins.com\/author\/aliraza"}]}},"_links":{"self":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412"}],"collection":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/users\/1717"}],"replies":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/comments?post=288412"}],"version-history":[{"count":0,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/288412\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media\/270930"}],"wp:attachment":[{"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/media?parent=288412"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/categories?post=288412"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/tags?post=288412"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}