Ethereum price successfully held above the $2,200 support level and initiated a new upward trend, similar to Bitcoin. ETH price accelerated towards a breakthrough above $2,220 and $2,280. The bulls have pushed the price past the $2,365 resistance level. A peak was established at $2,417, and the price is currently undergoing a correction of its … Read more
The current Ethereum price action presents an intriguing technical outlook, characterized by a range-bound environment on the higher timeframe, where patience will play a crucial role in determining the next move. The Ethereum price action is currently at a critical juncture. Crypto analyst Minga suggests that to achieve a true cycle bottom, one more downward … Read more
Ethereum’s price may seem muted, but the liquidity landscape reveals a contrasting narrative as a fundamental transformation in infrastructure takes shape beneath the surface. In a significant development, the stablecoin supply has surged, with an impressive $5.8 billion influx over the past month, elevating total liquidity to approximately $163.3–$163.4 billion. HyperEVM contributes approximately $1.7 billion, … Read more
As the conflict between the United States, backed by Israel, and Iran continues into its fourth week, recent signals suggest that a potential de-escalation could be approaching. Some industry participants speculate that a potential truce might serve as a catalyst for the cryptocurrency market. However, one well-known analyst warns that such a development could trigger … Read more
Ethereum has initiated a recovery wave, moving above the $2,125 threshold. The price is currently trading above $2,140, surpassing the 100-hourly Simple Moving Average. A significant breakout occurred above a crucial bearish trend line, with resistance identified at $2,145 on the hourly chart of ETH/USD. The pair may initiate a new downward trend if it … Read more
Ethereum has been trading within a narrow range recently. In the past 90 days, ETH has experienced a significant corrective phase, recently tightening into a narrow range between approximately $1,930 and $2,150. This kind of range-bound structure typically suggests that the market is trying to establish a floor following a tumultuous beginning to the year. … Read more
For Ethereum, it’s not solely about the external market noise. By the end of February, Vitalik Buterin had offloaded more than 17k ETH on the open market, coinciding with a nearly 20% decline in ETH’s value for the month. Despite the market fluctuations, CryptoQuant indicates that the network is flourishing: Active addresses and smart contracts … Read more
Ethereum has reignited conversations throughout the crypto market with its most recent technical vision. The recently unveiled “Strawmap” serves as a draft roadmap detailing prospective network enhancements projected through 2029. The objective is to evolve Ethereum into a high-performance “Gigagas” network, one that can accommodate significantly more activity than it currently does. The document transcends … Read more
Ethereum’s decline unfolded gradually as macroeconomic pressures, the unwinding of leverage, and diminishing liquidity impacted the price structure. As downside momentum intensified, Ethereum fell beneath the $1,980 mark on February 21st, squeezing profitability among key holder groups. This breakdown was not an isolated incident; it came on the heels of prolonged distribution, derivatives deleveraging, and … Read more
The Ethereum exchange balance has been on a steady decline, indicating that savvy market players are in the process of accumulating the altcoin. As of February 11th, a significant 100k ETH has been taken off exchanges, according to sources. Ali Martinez reported that 330,000 ETH, valued at over $660 million, were withdrawn from exchanges. This … Read more