Ethereum price struggled to maintain stability above the $2,000 mark and has initiated a new downward trend, similar to Bitcoin. ETH price has fallen below the $1,980 and $1,950 thresholds. There was a breakdown beneath a contracting triangle, with support identified at $1,975 on the hourly chart of ETH/USD. The price even dipped below $1,920. … Read more
Ethereum price struggled to hold steady above $2,040 and initiated a new downward trend, mirroring Bitcoin’s movement. ETH price has fallen below the $2,020 and $2,010 thresholds. The price even dipped below $1,985. A low was established at $1,965, and the price has recently made an attempt at a minor recovery wave. There was a … Read more
Ethereum price struggled to maintain stability above $2,040 and has begun a new downward trend, mirroring Bitcoin’s movements. ETH price has fallen beneath the $2,020 and $2,010 thresholds. The price even dipped below $1,985. A low was established at $1,965, and the price has recently made an attempt at a minor recovery wave. There was … Read more
Ethereum briefly plunged below the $2,000 threshold this week for the first time since March 29. While the price has since stabilised and is currently trading near $2,002, it still remains almost 60% below August’s high of nearly $5,000. However, data indicate that the largest holders of ETH are once again in a phase of … Read more
Ethereum experienced a brief dip below the $2,000 mark this week, marking its first descent beneath this level since March 29. While the price has since stabilised and is currently trading near $2,002, it still remains almost 60% below August’s high of nearly $5,000. However, data indicates that the largest whales in the ETH ecosystem … Read more
Ethereum price struggled to maintain stability above $2,050 and has initiated a fresh decline, mirroring the movement of Bitcoin. ETH price has fallen below the $2,020 and $2,000 thresholds. The price even dipped below $1,980. A low was established at $1,964, and the price is currently exhibiting numerous bearish indicators. There was a slight recovery … Read more
Ethereum is suffering greatly; at $2,520, it is 21% below its 200-day moving average, and momentum indicators indicate that it is oversold. The harsh reality is that oversold can remain oversold in bear markets, even when the RSI at 29.35 represents the deepest oversold territory since late 2022. Exhausted selling pressure is indicated by the … Read more
A dormant whale movement typically elicits one of two responses: fear, uncertainty, and doubt or a reevaluation of one’s conviction. Recently, whale trackers have identified an Ethereum whale transferring 2,000 ETH following a decade of inactivity. From a technical standpoint, moves like this often signal either potential distribution or a dip in conviction, especially when … Read more
Ethereum price struggled to maintain its position above the $2,120 level and continued its downward trend, mirroring Bitcoin’s movement. ETH price accelerated towards a decline beneath the $2,110 and $2,100 thresholds. The bears have successfully driven the price beneath the 38.2% Fibonacci retracement level of the upward movement from the $2,000 swing low to the … Read more
In the last fortnight, Ethereum’s price has exhibited a downward trajectory, raising concerns about the potential for an extended correction. However, data from a recent on-chain analysis indicate that the long-term bullish case for Ethereum remains quite strong. In a recent post, crypto analyst emphasises a convergence of on-chain signals indicating robust confidence among Ethereum … Read more