ETHEUR
Ethereum / Euro
cryptoComposite

One thing nobody's mentioned yet: the fee tier isn't only your cut of volume, it's also the toll arbitrageurs pay to trade against you 🧮 Every time ETH moves against BTC on bigger venues, arbs push the pool price to match, and that rebalancing is a loss for LPs (the "loss versus rebalancing" idea). At 0.05% an arb only bothers once the price gap is bigger than the fee, so you get paid properly on each of those trades. At 0.01% the arb trades on much smaller moves and pays you a fifth as much each time. So part of the extra volume a 0.01% pool attracts is exactly the flow that costs you, and its headline fee number looks better than your net result. cbBTC and ETH are fairly correlated, which helps, but the ETH to BTC ratio still moves enough that this matters way more than on a stablecoin pair. How I'd compare them: - Fee APR from volume divided by the liquidity active in your range, not total TVL - CAKE valued at what you'd realistically sell it for, not the APR shown on the farm - Gas per rebalance on that chain. Tick spacing of 1 on the 0.01% tier tempts you into tighter ranges, and tighter ranges mean more rebalances - Your position's value versus simply holding the two coins. That's the line that includes the arb losses If Pancake still wins on that last line after a couple of weeks, go with it. If it only wins on headline APR, the CAKE is basically refunding you for the arb flow 👀

Haha fair. ETH directionally follows BTC, most of the time.

Five years ago, ETH/BTC went from 0.070 to 0.084 in about a month... call it a 0.014 increase in 30 days. How does a nice little bump from 0.029 to 0.043 sound by Thanksgiving? We'd be so close... to $3,450.

I'm in a similar position, sent over $1K in WETH on Robinhood Chain to my Robinhood ETH deposit address...it's been sitting there for 3 months and every time I call they say it's unrecoverable They support receiving WETH on other chains but just not their own lol... Let me know if you make any headway or able to recover your ETH

Niye bakit PHP to ETH to USDT? Wala ba silang inventory ng USDT para idaan pa sa ETH?

Ecosystem growth, because it's obvious right now that ETH just follows BTC. For any meaningful decoupling, Ethereum needs a compelling differentiator and/or Bitcoin's network needs some sort of failure (QR, halvening, etc.)

Yeah, this used to annoy me too lol. I use Tangem and they have this Smart Gas feature that lets you pay fees in USDC or USDT instead of ETH. Still have to pay the fee obviously, but at least I don't have to worry about keeping some ETH around just for that.

Polymarket to offer 5 min BTC, ETH etc. prediction markets. What the fuck

>**The stocks counted twice,** >**Regulators roll the dice,** >**On OKX-ICE.** ~Daily haiku until we’re at least at 0.178 on the ETH/BTC ratio or highest market cap

Scarcity alone doesn't create value. I agree with that. But we're not comparing Bitcoin to toenails. We're comparing two established networks with enormous market caps, global liquidity, institutional investment, and more than a decade of history. I'm not suggesting Ethereum should have the same valuation as Bitcoin simply because their circulating supplies differ. I'm questioning why Bitcoin deserves a market-cap premium of roughly 5.7x over Ethereum, particularly given Ethereum's utility, economic activity, security, and continued development. The supply ratio is simply a useful reference point. At roughly 6 ETH per BTC, their market caps would be equal. My suggested fair value of 8 ETH per BTC still gives Bitcoin a 33% market-cap premium. The real question is whether Bitcoin's monetary properties justify a premium that large over Ethereum. The market currently says yes. I disagree. That's the valuation debate worth having, not whether toenails are scarce. lol!

Having a clean point-in-time EDGAR universe alongside 1-minute crypto and FX data is actually the hardest part of the job. Pick one simple cross-venue spread or momentum idea on BTC/ETH first so you don't stay stuck in data engineering forever.

i think your base statement is correct in that valuation is evaluated mostly on historical valuationie shat ETH was yesterday or last year adjusted by howmuch more desirable it is today compared to yesterday or last year. comparing to bitcoin based on circulating supply is difficult. i have ten toenails and can only produce ten more every few months so i have a scarcer commodity but they have no value based on their scarcity.

We can start with historical valuations. Ethereum has been around for more than 10 years, so we have plenty of history to draw from. The network has undergone substantial improvements, including its transition to proof of stake, with enormous economic value now securing it. People love to say there are too many unknowns with Ethereum. Well, what about Bitcoin? Is it guaranteed that miners will continue securing the network at sufficient levels when block rewards fall to 1/4 or 1/8 of today's? Heck, miners are already struggling with the current block reward. Bitcoin has its own long-term uncertainties, yet the market seems happy to overlook them. Right now, approximately 34.34 ETH buys 1 BTC, even though the circulating supply ratio is only about 6 ETH for every BTC. In other words, Bitcoin trades at a 5.7x market-cap premium to Ethereum. I call that the Bitcoin snowflake premium. Why should Bitcoin deserve such an enormous premium indefinitely? Meanwhile, the dollar continues losing purchasing power against practically everything. Bubble gum, bananas, used clothes, you name it. So evaluating Ethereum's fair value exclusively in dollars is not particularly useful to me. For starters, I would consider 8 ETH per BTC a reasonable fair valuation. That would still leave Bitcoin with a market cap approximately 33% larger than Ethereum's. I'll accept that for now, even though Bitcoin would still enjoy its snowflake premium. Longer term, I'd like to see that premium flip in Ethereum's favor, with Ethereum eventually surpassing Bitcoin's market cap. That's my opinion of where fair value should ultimately settle, based on Ethereum's utility, security, development, and long-term potential. Are we there? Obviously not. By my own assumptions, my Ethereum investment has been a failure so far. I underestimated how differently the market would value the two assets, and I fully acknowledge that my assumptions could be wrong. Had I known in 2017 or 2021 that Ethereum would be trading at 34 ETH per BTC in 2026, I would have sold my entire position when the ratio was considerably more favorable. That's how far the current valuation is from what I originally considered reasonable. Fair value is ultimately an opinion, and this is mine.

ETH/BTC went from about 0.032 to 0.029 in a month. Do you watch the ratio or just the dollar price?

Obviously I am speculating about the marketcap and that's my assessment. I think that goes without saying. And why is a trillion a special number? Because something doesn't get to 1T in mcap based on nothing. Bitcoin is completely different, and arguably it is not worth as much as it is. The only reason it commands such a large premium is because it was first and people (rightfully or wrongly) compare it to Gold. > And yet, you're not very receptive to any differing PoVs. How am I not receptive to other PoVs? The entire reason I am posting here is to see if I should re-evaluate my position on ETH. By definition, I am going to be receptive to other PoVs. That doesn't mean I need to agree with all of them > Without putting words into your mouth, it seems to me that you view the success of crypto or Ethereum as "Ethereum has a killer app, like Facebook on the blockchain, causing 1 billion users to adopt crypto Yeah, I do. And your statement about it being an infrastructure provider doesn't change that. I do see Ethereums success as serving billions of users, whether that's directly, or indirectly through backend stuff. However, if Ethereum is a tiny fraction of the financial system, because it only serves a niche usecase for financial insitutions, then by that definition, a billion people won't be relying on it. It'll be a fairly insignifcant part of the global ecocnomy. There's nothing valued today over 1T that isn't a core part of the global economy and that's why that number is special to me. All of the companies and assets valued over 1T today play a core part in peoples lives, and they are all household names. This to me is a requirement if Ethereum has any chance of joining that club. And frankly, niche financial use cases that barely register on a global scale will not take us there. It is all or nothing to me. If it's not the backbone of the financial system, it will always be the silver to bitcoins gold, and command a fraction of whatever mcap BTC commands. And tying my own investments to Bitcoin is a losing proposition. I was hoping that if I posted here, people would start linking me dapps, or articles showing me how wrong I am, and how much adoption is actually happening. But I feel like people aren't doing that because there really isn't much adoption to speak for, other than the typical RWA's people have been hyping on about for the last 2 years, which to me is super thin evidence.

A narrow range is basically a ladder of limit sells on your ETH that tips you per fill. It’s great if you wanted to scale out, and rough if you meant to hold. The way down is worse. The pool keeps buying ETH as it drops, so you’re max ETH at the bottom. The fees are your premium for selling options, and the real question is whether they covered both directions. Revert Finance shows LP vs HODL per position. Once you’ve got LPs across chains plus regular wallets, trackers like Chain Glance can help you see your real ETH exposure in one place. That’s overkill for a single position though.

|Category|Data|Coverage|Range| |:-|:-|:-|:-| |Equities|US stocks & ETFs|353 tickers|1927–2026| |Equities|China A-shares|4,049 tickers|2000–2026| |Equities|India|4,372 tickers|1999–2026| |Equities|International|556 tickers|1986–2026| |Equities|Point-in-time universe|10,443 EDGAR listings|1962–2026| |Intraday|FX 1-min (bid/ask)|6 majors|2000–2026| |Intraday|FX ticks|3 pairs|2000–2020| |Intraday|Crypto 1-min|BTC/ETH/SOL, 3 venues|2012–2026| |Intraday|Futures intraday|51 instruments, tick→4h|2026 only| |Intraday|Equity/CFD 1-min|3 symbols|2009–2026| |Futures & positioning|Futures daily|76 instruments|1959–2026| |Futures & positioning|COT positioning|1,479 markets|1986–2026| |Futures & positioning|VIX term structure|12 contracts|2004–2026| |Fundamentals & ownership|PIT fundamentals|902 tickers, 21 metrics|2013–2026| |Fundamentals & ownership|13F holdings|118M rows|2013–2026| |Fundamentals & ownership|ETF holdings (N-PORT)|5.9M rows|2019–2026| |Fundamentals & ownership|Earnings|12k reports|2008–2026| |Fundamentals & ownership|Short interest|93k rows|2016–2026| |Macro & events|US macro|29 series|1913–2026| |Macro & events|Global macro|264 countries, 61 indicators|1854–2026| |Macro & events|Expanded macro|239 countries, 157 vars|1086–2030| |Macro & events|Nowcast vintages|190 series, 3,591 vintages|1919–2026| |Macro & events|Treasury curve|2/5/10/30y|1962–2026| |Macro & events|Economic calendar|610 event types|2007–2026| |Macro & events|Factors|7 factors, daily + monthly|1926–2026| |Macro & events|FX long-run panel|275 countries|1257–2026| total file size is 34 gb Now I'm just sitting here with all of it and running out of ideas on what to actually do. if you guys had this what would you do

Well thanks for actually discussing. Generally, yes this is what I am saying. I am trying to gauge what people think the impact will be. You say it will be both, and I agree. But I wonder how much of it will be Ethereum, and how much of it will be centralized systems. This matters to me because if Ethereum is just a niche, but the majority of is happening on centralized services, then should ETH be that valuable? Is a 1 or 2T marketcap justified if Ethereum is only used for very specific usecases, while the majority of financial activity is happening on centralized or federated systems? Ethereum is already worth 300B today, so in my mind, the market is already pricing in that Ethereum is going to be niche rather than the network which form a large part of the financial infrastructure. Ethereum could be successful and find its place within the global financial system, while ETH itself is a poor investment at these valuations. Ultimately, this is what my discussions are about for me. I just want to see what peoples opinions are on here, since most people reading these threads are going to be deep in the weeds. The argument that tradfi is opaque, walled gardens, and permissioned as a reason why decentralization is preferable is thin. It may be preferable to you, or to people that value decentralization, but history has shown that people prefer centralized systems. The owners of the systems prefer this as they can make more money and be the gatekeepers, and the users prefer this because they don't need to worry about custody, they can do everything from their banking app, and it's cheap and fast. The adoption so far on Ethereum is tiny in comparison to the size of these markets. You can essentially say that these companies are dipping their toes, but if you look over the last year on rwa.xyz, there hasn't been much movement wrt tokenized funds. It remains a pilot program for the vast majority of these insitutions, and the benefits are not that obvious for them. I have no doubt they are debating the merits of this versus building out their own systems as we speak, and I would not be surprised to find out that the hassle is just not worth it.

19,630 ETH is still withdrawable from six abandoned EtherDelta-era contracts — here is a checker for any address

You just need to deposit some ETH in your wallet once, just once. Any time you send USDC make sure you sill have ETH when your ETH is low just Swap some USDC for ETH before you run out of ETH.

Pretty classic case, and more fixable than you’d think. The blockchain is your receipt. Even with no chat logs, each sale usually shows up on-chain as two matching events: the NFT leaving your wallet to an address, and ETH arriving from that same address around the same time. That’s a P2P trade, and it reads like one on the blockchain. Here's what we’d add around it: * Proof you control the wallets (a signed message or a small test transaction, this shows that it's your wallet that received the NFTs) * What the collection was trading at on the day of each sale. Overpriced NFT sales are a known laundering pattern, so showing yours matched the market answers that question before it’s asked * Screening of the buyers’ wallets, since “random dudes” is the one part a compliance officer will want checked * Any Discord or Telegram screenshots you still have, as supporting rather than main evidence We’ve done this for plenty of people who traded peer to peer or bought with cash back in the day. Before AML rules caught up with crypto, LocalBitcoins, meetups and cash deals were simply how a lot of people got in. A good report explains that context, then backs it with whatever trail exists: matching cash withdrawals from your bank, old platform account data, and the on-chain history from that point on. Although as we are not accountants, the focus is on the trades that made the money. Losing trades rarely need the same level of evidence.

The roadmap was to upgrade their chain to be an ETH validium but at some point they abandoned it and decided they were going to remain a sidechain. No idea what they were thinking but they lost me. The best thing that they had going was their zk prover and their pessimistic cross-chain prover. Now they’re just another EVM L1 and the tech behind it isn’t even very good compared to Sonic, Avax, etc…

Ethereum Price Danger Zone: ETH Tests $2,300 Support as Outflows Surge

19,630 ETH is still withdrawable from six abandoned EtherDelta-era contracts — here is a checker for any address

Agree with the conclusion, and there's a neat way to see exactly what the pool "sold" for you 🧮 If ETH runs all the way through your range, the position ends up having sold your ETH at roughly the geometric mean of the two bounds, sqrt(lower x upper). Range of 3,000-4,000 means you exited around 3,464, not 4,000. So a narrow range above spot is basically a slow limit sell with fees on top, and a range below spot is a slow limit buy. Two things I'd add to the "compare vs holding" point: - Re-ranging is where people really bleed. Every time you move the range up after price leaves it, you lock in that sale and buy back higher. In a strong trend, a few rebalances can cost more than all the fees collected. - Hold isn't even the toughest benchmark. The LP is always trading at a stale price against arbitrageurs, so a fairer test is LP value vs a portfolio that rebalanced to the same exposure at market prices. Fees have to beat that gap, and in volatile, low-volume pairs they usually don't. Narrow ranges make the most sense when you actually want to scale out or in at those prices anyway. If you just want ETH upside, the fees are paying you to give it up 👀