Ethereum’s recent price movements highlight a period of consolidation following its rejection near the significant $3.5K resistance level. This phase suggests a potential pullback to the $3K region, coinciding with the 200-day moving average, which could serve as a platform for the next bullish leg. By Shayan The Daily Chart Ethereum has shown remarkable bullish…
Ethereum’s price action indicates a temporary consolidation phase following its rejection near the critical $3.5K resistance zone. A pullback toward $3K (aligned with the 200-day MA) is forming, setting the stage for a potential bullish continuation in the mid-term. ETH Price Analysis By Shayan The Daily Chart Ethereum recently experienced heightened bullish momentum, climbing above…
Investment in digital assets saw an influx of $2.2 billion last week, increasing total inflows since September’s rate cuts to $11.7 billion and lifting the year-to-date total to an all-time high of $33.5 billion. While $3 billion flowed in during the early part of the week, a rise in Bitcoin’s price triggered $866 million in…
While Bitcoin is hovering just below its all-time high, Ethereum remains 36% away from its peak and doesn’t look like approaching it anytime soon. Moreover, the ETH/BTC ratio, which measures Ethereum prices in Bitcoin, fell back below 0.034 on Nov. 17, according to Tradingview. It is the lowest ratio since late March 2021, when BTC…
Ethereum’s price has finally begun to rally, following Bitcoin’s run to record highs. However, it is still far behind BTC and has a long way to go before a new all-time high. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily timeframe, the price has been rallying recently after a bullish breakout…
TL;DR Experts foresee a substantial upward movement for ETH, expecting it to quickly gain ground after BTC stabilizes. Key on-chain metrics suggest lowered selling pressure and growing investor interest, hinting at a possible bullish phase for the asset’s price. ETH Bull Run on the Horizon? Despite experiencing a 14% price increase over the last week,…
On Nov. 12, Web3 venture capital firm Hack VC released research and analysis on Ethereum’s modular strategy. “In the short term, modularization likely hurts ETH price because of lower fees and reduced token burn, but this isn’t the whole story,” said Hack VC managing partner Alex Pack. Ethereum’s Future is Bullish Since 2020, Ethereum has…
The US spot Ether exchange-traded funds (ETFs) continued to set records as the market maintained momentum following Donald Trump’s election win. November 12 was a key day, with these investment vehicles seeing a net inflow of almost $136 million, marking the first instance of a five-day streak of positive inflows. This surge brings the total…
The Ethereum Foundation – a non-profit entity that supports the second-largest blockchain – sold 100 ETH for 334,315.7 DAI on November 12th. The sale represents the foundation’s first ETH transaction since releasing its 2024 report last week. Ethereum Foundation’s ETH Sales According to the popular blockchain analytics platform ‘Spot On Chain,’ in 2024 alone, the…
The cryptocurrency market has seen a strong uptrend following President Trump’s election, with Ethereum experiencing a significant surge as buyers take control. However, the market now appears ready for a correction phase to allow consolidation before further gains. Technical Analysis By Shayan The Daily Chart The influx of new participants and investors on the daily…
Ethereum prices have surged a whopping 38% over the past seven days, outpacing Bitcoin’s gains, which were around 30% over the same period. Moreover, Ethereum’s market capitalization has increased by more than $100 billion in less than a week. To put this into perspective, this is more than Solana’s entire market capitalization. This has pushed the…
Ethereum has seen a significant uptick in buying pressure near the $2.4K support level, driving an impulsive price surge and reclaiming several key resistance regions. This action is signaling a potential shift towards a bullish market sentiment, with higher price levels expected in the mid-term. By Shayan The Daily Chart The daily chart shows that…
This week, we examine Ethereum, Ripple, Cardano, Solana, and Dogecoin in greater detail. Ethereum (ETH) Ethereum concludes a strong week with an impressive 21% price increase which brings it above $3,000. Such a rally was not seen in months. This is returning optimism and excitement to the ETH ecosystem after a difficult period since March….
Bears shorting the market continue to be on the wrong side of the spectrum as almost all cryptocurrencies are charting more gains ever since Donald Trump won the 2024 US presidential elections. In the past few hours alone, BTC tapped a fresh peak at over $77,000, while ETH is itching closer to $3,000, and a…
Amidst a market-wide rally, an Ethereum whale who has been inactive for over eight years has made an interesting move. According to Lookonchain’s latest tweet, this entity, which controls 28 wallets, recently began selling some of its 398,891 ETH, worth approximately $1.14 billion. On November 7th, in a span of six hours alone, 13,400 ETH,…
TL;DR Ethereum hit $2.8K for the first time in three months, with analysts predicting continued upward momentum. Key metrics, including MACD and moving averages, flash buy signals for ETH, but the high RSI suggests a potential short-term correction. ETH Finally Joins the Party Ethereum (ETH) has been lagging behind the other leading cryptocurrencies in terms…
Bitcoin prices reached a record high of $76,444 during late trading on Wednesday, building on previous price peaks earlier in the day. The move comes as the US presidential election results filtered in throughout the day and Donald Trump was declared the winner. Trump crossed the 270 electoral vote threshold with 295 to Kamala Harris’…
Following former president Trump’s 2024 election victory, the cryptocurrency market has experienced a surge in optimism and buying interest. Ethereum was no exception, with its price spiking by 10% at one point, reaching the critical resistance level of $2.5K. A sustained break above this threshold could further fuel bullish momentum. Technical Analysis By Shayan The…
TL;DR Ripple-SEC lawsuit continues, with the next key filing due by January 2025. Bitcoin’s price recently surged to nearly $73,600 before dropping to around $67,400, potentially influenced by political factors. Ethereum plunged from $2,700 to $2,400, with analysts watching key support levels. The Prolonged Lawsuit The legal battle between Ripple and the US Securities and…
Ethereum’s recent price movements reveal a strong seller presence, particularly around the critical resistance region at the 100-day moving average. This price action suggests increased downward pressure, with a corrective consolidation expected in the near term. Technical Analysis By Shayan The Daily Chart Ethereum recently encountered heightened selling activity at the $2.6K resistance area, aligned…
TL;DR Despite the recent dip, some analysts suggest Ethereum (ETH) could hit a fresh peak if it doesn’t drop below an important level. In contrast, veteran trader Peter Brandt and other indicators signal a further correction in the short run. New ATH Remains Possible Ethereum (ETH) followed the overall pullback in the crypto sector witnessed…
Ethereum’s recent price action suggests a strengthening bullish trend as it rebounds from the key support and approaches the significant resistance region of the 100-day MA. If ETH breaches this threshold, a sustained bullish trend will unfold. Technical Analysis By Shayan The Daily Chart Ethereum recently witnessed heightened buying activity around the middle trendline of…
TL;DR Ethereum (ETH) has pumped by around 6% weekly, with analysts predicting potential moves past $4K. Bullish on-chain metrics and positive sentiment on platforms like Telegram support the thesis for an upcoming resurgence. Time for ETH to Shine? The cryptocurrency sector has been on a tear in the past several days, with Bitcoin (BTC) briefly…
Ethereum’s price has been consolidating over the past few months, showing neither bullish nor bearish intentions. Yet, things might be about to change soon. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily timeframe, the price was trapped inside a large symmetrical triangle pattern, and both the higher and the lower boundaries…
Ethereum has been rejected from the crucial 100-day MA of $2.7K, indicating a bull trap. This price action hints at sellers’ dominance, with the asset expecting to continue its descending consolidation stage toward the $2.1K threshold. Technical Analysis By Shayan The Daily Chart Ethereum recently experienced a surge that breached the 100-day moving average at…
This week, we examine Ethereum, Ripple, Solana, Dogecoin, and Binance Coin in greater detail. Ethereum (ETH) Ethereum closed the week in red, and its price fell by 6%. This comes after buyers failed to move it above $2,800 on Monday. Since then, sellers have taken the initiative and dominated. The current downtrend is quite steep…
Ether could slump in the coming days, as this participant’s previous ETH sale triggered a decline in the asset’s price. Source link
TL;DR One analyst believes XRP could flip ETH driven by potential factors like a favorable Ripple v. SEC outcome and an ETF approval. Others, though, expect a possible 12% pullback. XRP to Flip ETH? Ripple’s XRP is among the very few leading cryptocurrencies whose prices are down year-to-date (YTD). Currently, it trades at around $0.52,…
The Ethereum FUD is showing no signs of slowing while prices of the underlying asset remain weakened. ETH dumped more than 5% over the past 24 hours, falling from an intraday high of just over $2,600 to a low of $2,460. It has recovered marginally to trade at $2,550 at the time of writing, but it…
Ethereum is currently facing a short-squeeze risk as depicted by the rising Estimated Leverage Ratio (ELR) which acts as a crucial indicator of market sentiment. As the ELR has increased over the past few months, it reflects a growing number of traders adopting high-leverage short positions. Ethereum Faces Short-Squeeze Risk CryptoQuant data, as shared by…
Ethereum’s recent rejection at the key resistance region of the 100-day MA level suggests a false breakout and a potential short-term correction. However, a break above this threshold could trigger a bullish surge toward $3K. The price is expected to consolidate, with $2.4K as a critical support level. Technical Analysis By Shayan The Daily Chart…
Ethereum has reached a decisional point at the head and shoulders neckline and the 100-day crucial moving average. A potential breakout will likely lead to a significant surge due to a massive short liquidation cascade. The price action in the coming days will play a crucial role in determining ETH’s broader prospects. Technical Analysis By…
This week, we examine Ethereum, Ripple, Solana, Dogecoin, and SUI in greater detail. Ethereum (ETH) Ethereum closed a great week with a 9% price increase after buyers dominated on Monday. Since then, the price has been cooling down a bit by moving sideways, but the bulls don’t seem to be satisfied, and they may be…
Ethereum advocates are fighting back against a wave of misinformation and FUD targeting the ecosystem. The attacks come as ETH has underperformed rival layer-1 blockchain tokens, sparking more crypto tribalism. On Oct. 17, independent Ethereum educator and angel investor Anthony Sassano lashed out at Multicoin Capital co-founder Kyle Samani for posting “blatant misinformation.” Ethereum FUD Escalates…
Ethereum is currently at a critical juncture, with its price testing the $2.6K-$2.7K resistance zone. A breakout above this range could signal a mid-term bullish trend, potentially driving the price toward $2.8K and beyond. However, if the resistance holds, Ethereum may enter another bearish consolidation. Technical Analysis By Shayan The Daily Chart Ethereum has recently…
Ethereum is in a crucial phase, with an inverted head and shoulders pattern forming on the daily chart and a double-bottom pattern on the 4-hour chart, both pointing toward the possibility of a slight bullish reversal. The $2.7K neckline and $2.1K support level will be key areas to watch, as a breakout or breakdown will…
This week, we examine Ethereum, Ripple, Binance Coin, Toncoin, and Shiba Inu in greater detail. Ethereum (ETH) While Ethereum had a volatile week, its price held well and closed it with a 1% gain. Buyers defended the cryptocurrency at the $2,400 support level, which continues to hold at the time of this post. It is…
Ethereum’s recent failure to reclaim the multi-month descending channel’s middle threshold of $2.6K has resulted in a significant rejection, signaling a possible continuation of the downtrend toward the mid-term $2.1K support level. By Shayan The Daily Chart Ethereum’s price movement on the daily chart reflects a bull trap. After briefly surpassing the $2.6K resistance, the…
On Oct. 10, crypto researcher ‘FreeSamourai’ told his X followers that around 7,000 ETH of the remaining 542,000 ETH from the PlusToken seizures was sent to exchanges. This indicates “intent to begin selling the remaining tokens,” they stated, but this remains to be seen, and no major selloff has occurred yet. The remaining stash of…
Ethereum’s price has been consolidating in a wide range above the $2,000 mark. Yet, things might change soon. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the price has been moving sideways in a $500 range between the $2,700 resistance level and the $2,200 support zone. With the market testing…
Ethereum’s recent attempt to break above the multi-month descending channel’s middle threshold of $2.6K has turned out to be a false breakout, leading to a notable rejection and sharp decline. This pattern suggests a potential mid-term continuation of the downtrend toward the $2.1K support level. By Shayan The Daily Chart Ethereum’s price action on the…
This week, we examine Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin in greater detail. Ethereum (ETH) Ethereum had a difficult week and closed with a 10% loss. The price briefly fell under $2,400 and is currently trying to reconfirm this level as support. If it fails, then sellers may have an opening to push it…
An Ethereum ICO participant has sold another 19,000 ETH over the past two days. This freshly offloaded stash is worth around $47.54 million at the current price. This entity had previously received 150,000 ETH during the genesis at an ICO cost of just $46.5K. Dormant Ethereum ICO Participant Resurfaces As flagged by on-chain transaction analytics…
After breaking above the middle boundary of the descending price channel, Ethereum has temporarily lost its bullish momentum, slightly approaching the crucial $2.8K resistance. The upcoming price action around this level will play a decisive role in shaping Ethereum’s trajectory in the mid-term, with potential outcomes dependent on whether buyers can overcome the selling pressure….
On-chain data provided by Lookonchain asserted that two prominent institutions have sent millions worth of ETH to exchanges, which could suggest trouble for the second-largest cryptocurrency. Currently, Ethereum trades close to $2,700 after gaining 5% within the past week. 2 institutions are selling $ETH! A wallet related to #Cumberland deposited 11,800 $ETH($31.88M) into #Coinbase 7…
This week, we examine Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin in greater detail. Ethereum (ETH) Ethereum closed another good week with a 4% price increase. Buyers remain interested and managed to push the price above $2,600. The current target is $2,800, which will also act as key resistance. Momentum slowly turned bullish in September,…
Ethereum (ETH), the second largest cryptocurrency, has failed to reclaim the $3,000 price mark since early August. However, things could begin looking positive for the asset once again. An analyst from the blockchain analytics platform CryptoQuant has shared a chart explaining how a continued cash inflow into the Ethereum futures market could elevate the biggest…
Ethereum’s bullish momentum has weakened after breaching the middle trendline of a multi-month descending channel, resulting in muted sideways price action. This consolidation phase could lead to a pullback, potentially setting up the stage for the next leg of the bullish trend. Technical Analysis By Shayan The Daily Chart Ethereum experienced a surge driven by…
This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Solana. Ethereum (ETH) The market has had a great week so far, and Ethereum closed with a 9% price increase. On Wednesday, the Fed cut the interest rate by 0.50%, which turned out to be extremely bullish for crypto. Since then,…
The cryptocurrency market saw some long-time coming revival after the United States Federal Reserve cut the interest rates on Wednesday for the first time in about four years. The two largest digital assets went on a run, jumping by roughly 10% in the past few days. BTC Price Rises Amid ETF Inflows The 11 spot…