Ethereum has been facing significant challenges in its attempts to recover above the crucial $3,650 resistance level. Despite initiating a recovery wave, ETH failed to gain bullish momentum and settle above this key level. As a result, the price started to decline once again, signaling bearish signs below $3,600. One of the key indicators of
Ethereum
The recent price action of Ethereum has seen a struggle to break above the $3,720 resistance level. Despite attempting a decent increase above the $3,650 zone, ETH spiked above $3,700 before facing resistance from bearish forces. This led to a sharp decline below $3,660 and $3,650 levels, with a low being formed near $3,565. Presently,
The recent surge in Ethereum’s price, bringing it close to the $4,000 mark, has sparked renewed market enthusiasm. This can be attributed to the US SEC’s approval of Ethereum ETF applications by major asset managers. As reported by CoinShares, digital asset investment products have seen a significant inflow of $2 billion, contributing to a five-week
Ethereum (ETH), the second largest cryptocurrency by market capitalization, has recently experienced a significant price drop below the 4-hour Simple Moving Average (SMA). This technical development has caught the attention of traders and investors, as the 4-hour SMA is often utilized to assess short-term market momentum. When a cryptocurrency’s price falls below this moving average,
As Ethereum price attempted to break past the $3,885 resistance level, it instead faced a downside correction. Currently, ETH finds itself below the $3,800 mark and risks sliding further towards $3,720. The failure to clear crucial resistance levels has raised concerns among traders and investors alike. The hourly chart of ETH/USD shows a bearish trend,
VanEck, a prominent asset manager, recently made waves in the cryptocurrency community by revising its price prediction for Ethereum (ETH) in 2030. The firm now forecasts that ETH could reach an impressive $22,000 by the end of the decade, citing various factors that could contribute to this substantial price increase. Revised Price Prediction It is
Recent data has revealed a significant drop in the supply of Bitcoin (BTC) and Ethereum (ETH) on exchanges. This decrease in exchange balances for these two major cryptocurrencies indicates that crypto whales are accumulating these assets and moving them to self-custody. With Bitcoin’s supply on exchanges dropping to 11.6% and Ethereum’s to 10.6%, a supply
The recent approval of the Ethereum Spot ETFs by the US Securities and Exchange Commission (SEC) has sparked a flurry of activity among potential issuers in the market. With several asset managers now filing amended versions of their S-1 forms, it’s clear that the race to launch an Ether Spot ETF is heating up. One
In recent months, there has been a noticeable surge in activity among Ethereum whales, the giants of the cryptocurrency world. According to a report by Santiment, on-chain data indicates that these large investors are ramping up their trading activities, potentially in response to the recent approval of spot Ethereum exchange-traded funds (ETFs) by the US
Ethereum (ETH) is currently making waves in the cryptocurrency market with a significant technical breakout that has caught the attention of analysts like Jelle. Breaking out of a bearish pattern known as the “falling wedge,” Ethereum has managed to flip key resistance levels into support zones. This breakthrough has set the stage for Ethereum to
