Ethereum seems to be nearing a crucial turning point, with around $9.5 billion in short positions on the line. A 20% price surge could trigger significant liquidations, making a rally the most challenging scenario for traders who are betting against it. At the same time, data showed that even the hackers who sold off in … Read more
Historically, when Ethereum experiences a sharper decline than Bitcoin, it tends to rebound with even greater intensity. In the recent case, between September 13th and 25th, there was a significant decline of 18% for one asset, while another experienced a more modest loss of 7%. Over the course of two weeks, ETH experienced a remarkable … Read more
Ethereum is preparing for its upcoming significant upgrade, Fusaka, after the successful implementation of Pectra. Fusaka is set to enhance the network’s efficiency, affordability, and accessibility with groundbreaking innovations such as PeerDAS. This will enable nodes to exchange data, rather than each one downloading the entire dataset independently. By significantly reducing the data load required … Read more
Ethereum faced a significant drop of 12.90% today, settling at $3,785.93 as technical indicators raised red flags across the market. The sell-off drove ETH beneath key support levels, igniting a wave of liquidations and algorithmic selling that escalated during the trading session. The ETH price breakdown commenced when the token was unable to maintain its … Read more
Ethereum experienced consistent outflows from exchanges as it neared the $4.2k support level. A move beyond $4.7k would suggest significant buyer dominance and an intent to pursue new all-time highs. AMBCrypto has suggested that the $6k mark for ETH is closer than it appears. Institutional demand continues to be strong, supporting a confident positive outlook … Read more
The first altcoin has been exiting exchanges such as Binance, indicating that traders are not rushing to sell. As prices maintain a firm position above $4,400 and exchange balances continue to dwindle, the conditions appear ripe for a possible supply squeeze. Should ETH successfully surpass its previous all-time high around $4,950, certain analysts are suggesting … Read more
Tom Lee’s BitMine Immersion has ramped up its Ethereum holdings to a staggering $13.2 billion. On October 6th, the firm announced that it holds 2.83 million ETH tokens and 192 Bitcoin, in addition to $456 million in cash. BitMine has now positioned itself as the second-largest corporate crypto treasury, following the strategy laid out by … Read more
Since the beginning of October, both Ethereum and Solana have demonstrated significant momentum. The two altcoins, ranked among the top 5 cryptocurrencies by market capitalization, excluding stablecoins, experienced a surge of over 12% in the last week, according to data. From a numerical perspective, Ethereum was targeting the $7,900 price point, just shy of the … Read more
Ethereum held steady above $4,450 and initiated a recovery wave. The price is currently trading above $4,500, surpassing the 100-hourly Simple Moving Average. A bullish trend line is emerging, showing support at $4,490 on the hourly chart of ETH/USD, according to data. The pair may maintain its upward trajectory if it establishes a position above … Read more
Ethereum’s Q4 breakout is set to face some turbulence ahead. In the previous cycle, Bitcoin surpassed ETH by almost 2x, indicating that BTC dominance continues to be a significant challenge. Institutional players are gearing up for another surge, as significant capital is being funneled into BTC ETFs. ETH is currently at a critical juncture. In … Read more