Ethereum continues to face considerable pressure across both higher and lower timeframes following the rapid loss of several key technical levels. While the recent rebound from the local bottom around $1.5K has provided some short-term relief, the broader structure still favours sellers unless ETH can reclaim a series of key resistance zones overhead. Moreover, the … Read more
Despite ongoing market uncertainty and a bearish outlook in certain areas of the cryptocurrency sector, Ethereum is on the verge of a notable adoption milestone, as the count of non-empty wallets approaches 200 million. While price fluctuations often dominate investor attention, the consistent increase in wallet activity indicates that engagement within the ETH ecosystem is … Read more
Ethereum price was unable to maintain its position above the $1,680 level and continued its downward trend, similar to Bitcoin. ETH price accelerated towards a decline beneath the $1,665 and $1,650 thresholds. The price even tested the 50% Fibonacci retracement level of the upward move from the $1,505 swing low to the $1,720 swing high. … Read more
Ethereum price struggled to maintain its position above the $1,700 mark and continued its downward trend, mirroring Bitcoin’s performance. ETH price accelerated towards a decline, targeting levels beneath $1,680 and $1,665. There was a breakdown beneath a bullish trend line, with support positioned at $1,700 on the hourly chart of ETH/USD. The bears have driven … Read more
Ethereum’s largest holders have been increasing their ETH holdings as the supply continues to decline. This is an intriguing scenario for the market, as a reduced number of coins on exchanges can occasionally lead to volatile price movements driven by heightened demand. Things are heating up! Bitmine has accumulated an additional 126,971 ETH in the … Read more
Ethereum’s controversial history during this period of extreme distress persists, as the asset ranked among the poorest performers on Friday and throughout the correction, plummeting to a 14-month low at $1,500. Following the recent FUD circulating on X regarding the potential sale by ConsenSys’ Joseph Lubin, there’s a silver lining for Ethereum. This includes insights … Read more
Ethereum’s weakness is becoming more apparent as whale positioning shifts. Price has dropped to approximately $1,740, positioning ETH beneath the whale realised price around $1,900. That gap indicates that numerous large holders are currently experiencing unrealised losses instead of profits. The pressure extends further. ETH is currently trading below the Binance listing AVWAP, hovering around … Read more
Ether experienced a significant drop, hitting a 13-month low of $1,540 on Friday, in line with the prevailing bearish trend affecting the wider cryptocurrency market. Traders are growing more apprehensive about a possible significant price correction, highlighted by the decline in ETH derivatives metrics and the increased risk stemming from the identification of a bug … Read more
Ethereum price struggled to hold above $1,840 and initiated a new downward trend, mirroring Bitcoin’s movement. ETH price has fallen below the $1,800 and $1,780 thresholds. The price even dipped below $1,750. A low was established at $1,715, and the price is currently consolidating losses significantly beneath the 23.6% Fibonacci retracement level of the decline … Read more
Ethereum price struggled to hold steady above $1,880 and initiated a new downward trend, similar to Bitcoin. ETH price has fallen below the $1,840 and $1,820 thresholds. The price even dipped below $1,800. A low was established at $1,716, and the price is currently consolidating losses significantly beneath the 23.6% Fibonacci retracement level of the … Read more