Ethereum reclaimed $2,500 after several days of aggressive bullish momentum, thereby strengthening its short-term market structure. On the 21st of August, the daily candle concluded above this significant supply zone. That move transformed previous resistance into a critical level for buyers to uphold. Meanwhile, robust demand in the United States, an increase in Fund Holdings, … Read more
Ethereum whales have escalated their profit-taking activities following a two-day rally that surpassed 20%, thereby introducing new selling pressure amid persistent market demand. According to Lookonchain, 7 Siblings divested 14,000 ETH, amounting to $32.85 million, at an average price of $2,346. Another large investor divested 11,252 stETH valued at $26.5 million and 1,824 ETH amounting … Read more
Ethereum surged by more than 18% in the past hours, leading the broader altcoin market at this time. Ethereum has reclaimed the $2,000 threshold as positive momentum propels it into elevated territories. Leverage, new investors, supply dynamics, and a breakout from an accumulation pattern have collectively driven this sudden uptick. Can bulls maintain this upward … Read more
Ethereum is consolidating around $1.9K following a significant recovery from the lows observed in June and July. The broader structure has shown significant improvement; however, ETH continues to trade below several critical resistance levels. Currently, the market finds itself at a pivotal decision point. The daily chart indicates that ETH is trading at approximately $1.9K, … Read more
An Ethereum whale transferred 10.3K ETH, valued at approximately $19.5 million, from Kraken within a 24-hour period. The activity adhered to the established trend of wallet withdrawals, concurrently resulting in a reduction of the funds maintained by the wallet on the exchange. Notably, the whale withdrew another 5,000 ETH, valued at approximately $9.53 million, in … Read more
Ethereum developers are deliberating on whether the blockchain’s forthcoming significant upgrade, Hegotá, ought to facilitate the construction of private transactions without the need for intermediaries. Similar to other blockchains, every Ethereum address is immutable and maintains an ongoing balance, allowing anyone to access the complete history of an address and view its contents. That poses … Read more
Going broadly, it appears the markets have encountered resistance. Upon closer examination, it is evident that the majority of significant high-cap assets have encountered rejections this week, with Ethereum facing resistance near the $1,900 mark. At the same time, Bitcoin faces resistance around $65,000, while its dominance has declined to below 60%. In contrast to … Read more
Ethereum remains ensnared in a challenging consolidation phase, characterised by weak liquidity and muted trading activity that hinder any faction from asserting dominance. While ETH is holding near $1.88K, the latest short-term structural break introduces additional downside risk. The daily chart continues to indicate a market experiencing a distinct absence of momentum. ETH is trading … Read more
Ethereum continues to exhibit a lack of decisive momentum, as the price remains ensnared in a phase of consolidation despite its recovery from the lows observed in June. The market is currently situated near the 100-day moving average, with lower timeframes indicating that ETH is confined within distinctly established support and resistance levels. On the … Read more
“Everybody is waiting for that ultimate confirmation, but that never comes,” Michael van de Poppe stated. In early June, the second-largest cryptocurrency was last observed trading above the $2,000 psychological threshold, and it has since experienced a decline of 60% on an annual basis. Despite the downturn, numerous analysts perceive potential for upside, while others … Read more
