Ethereum has rebounded toward $2.37K after finding demand near $2.3K; however, the recovery remains below its broken ascending channel. Buyers are demonstrating an initial response, yet the overarching trend of lower highs maintains a cautious outlook. On the daily timeframe, Ethereum’s correction extended into the highlighted $2.22K-$2.31K demand zone before producing consecutive recovery candles. The … Read more
Ethereum is currently evaluating a significant support confluence beneath $2.4K as its correction persists. Buyers have mounted a defence of the area through a series of sharp reactions; however, the ongoing formation of lower highs indicates that selling pressure remains unabated. On the daily timeframe, ETH has declined into the highlighted $2.36K-$2.44K demand zone, where … Read more
In the last 24 hours, approximately $270 million in ETH long positions were liquidated. Despite the overall downturn in the cryptocurrency market on Thursday morning, certain altcoins have experienced more significant declines than their counterparts, with the largest among them facing notable challenges. ETH has recently declined to $2,315, reflecting a decrease of $200 for … Read more
The significant rally that commenced in August and gained momentum in September has ultimately transformed ETH’s higher-timeframe structure into a bullish one, with numerous analysts concurring that only one substantial resistance stands in the asset’s path. A decisive break above it could open the door to a much larger move toward 3,000 and beyond. The … Read more
The crypto market experienced a significant sell-off, resulting in a 3% decline in market capitalisation according to CMC data. Altcoins experienced the most significant impact during this wave, with Ethereum being among those affected. Ethereum experienced a decline from $2788, reaching a low of $2635, before recovering slightly to $2692 at the time of reporting. … 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
In the last 24 hours, the cryptocurrency market experienced $1.42 billion in liquidations within the derivatives sector. Ethereum accounted for $349.17 million, with $274.29 million worth of long positions facing liquidation. The leading altcoin was examining the $1,550 price level that it had previously assessed in the first week of June. The higher timeframe price … Read more
Recent data indicates that Ethereum’s Open Interest experienced a significant spike prior to the cryptocurrency’s price dropping nearly 5% in the last 24 hours. This week marked a notable recovery for Ethereum and the broader digital asset sector in the initial three days. However, Thursday introduced a shift, as the market overall experienced a retracement. … Read more
Conflicting indicators generate ambiguity, putting traders in a state of unease. The presence of these conflicting signals inherently heightens indecision, leading to liquidity sweeps, short-term fluctuations, and forced liquidations. From a technical standpoint, this creates a feedback loop: Liquidity sweeps drive further selling, diminishing market sentiment and plunging participants further into fear. Ethereum seems to … Read more
Ethereum continued its upward momentum, reaching a local peak of $2385, before experiencing a slight pullback to $2317 at the time of this report. The altcoin’s ongoing ascent triggered significant liquidations of futures positions. In a striking turn of events, more than $136 million in short positions faced liquidation, contrasted by $39 million in long … Read more
