Trader indicates that Ethereum has recently entered the price range historically associated with the bottom of its bear market. He cites the occurrence of four consecutive lower highs as evidence that the downtrend may have reached its conclusion. The trader, who is purchasing during the dip with a long-term target of $7,000, contends that the … Read more
Since February, Ethereum has been considered ‘cheap’ following a decline in price that fell below its overall cost basis of $2.3K. This indicates that a greater number of holders are experiencing losses, which subsequently diminishes selling pressure and mitigates downside risks. However, crypto analytic cautioned that a durable bottom could still be elusive in the … Read more
Ethereum has staged a significant recovery from its June lows. It has regained significant support levels and is currently advancing towards a critical technical threshold. While short-term momentum continues to favour buyers, the broader trend remains hindered by overhead resistance and a persistently negative Coinbase Premium Index, indicating that institutional demand from U.S. investors has … Read more
Two key divergences indicate that Ethereum’s outperformance against Bitcoin may only be in its early stages. Notably, Lookonchain has identified consecutive whale accumulation, with one whale withdrawing over 74,000 ETH and another more than 10,000 ETH. The crucial aspect to consider? Both whales staked all of the ETH they accumulated, indicating a distinct departure from … Read more
Ethereum’s attempted rebound faced rejection at $1,944 three days ago. The pullback resulted in ETH declining to $1,819 before experiencing a modest recovery. At this time, Ethereum was trading near $1,823, having experienced a decline of 3.6% over the past 24 hours. The decline attracted significant whale activity, yet sellers maintained dominance over the market. … Read more
Ether prices have attained their peak since early June, prompting analysts to scrutinise its forthcoming trajectory. ETH reached a six-week peak of $1,940 during late trading on Wednesday and has maintained those gains into Thursday morning, remaining above $1,900. Analyst noted on Thursday that the movement was influenced by favourable inflation reports in the US, … Read more
After failing to maintain the $1.8k level, Ethereum has persisted in trading around $1.7k. As of this time, ETH is priced at $1748, reflecting a modest increase of 0.68% on the daily charts. Interestingly, this market pullback has generated an optimal buying opportunity, particularly for high-net-worth investors. Amid prolonged lateral price action, large holders have … Read more
The second-largest cryptocurrency has experienced a slight rebound in the past week, with many analysts suggesting that a more significant increase may be forthcoming. Certain technical indicators bolster the bullish outlook and may indeed establish the groundwork for a more significant recovery. Following the significant lows observed in June, the bulls managed to recover a … Read more
Ethereum has demonstrated a significant recovery after successfully holding its recent lows, as buyers steadily regain momentum. While the higher time frames remain constrained beneath major resistance, the lower time frame structure has shown improvement, and on-chain activity seems to be stabilising after months of reduced network participation. On the daily chart, it is clear … Read more
Ethereum bulls might already be facing their biggest test of Q3. On the macro front, a swift return of risk-off sentiment followed the collapse of the U.S.-Iran ceasefire, resulting in a pronounced market-wide sell-off and underscoring the continued sensitivity of risk assets to geopolitical events. A recent position taken by an Ethereum trader underscored this … Read more
