Ethereum has executed a significant breakout from its multi-week consolidation phase, with ETH currently trading just below $2.5K after successfully reclaiming several key resistance levels. The move has significantly enhanced the higher-timeframe structure, although momentum appears to be stretched, and ETH is presently testing a key resistance zone. The daily chart indicates a distinct structural … Read more
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 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
“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
Ethereum is striving to find stability near $1.9K following its recent rebound; however, the overall technical landscape continues to be limited by significant overhead resistance. While the short-term structure has shown signs of improvement, ETH requires a definitive breakout to substantiate that buyers are reasserting their dominance. On the daily timeframe, ETH is trading around … Read more
Ethereum recovered from $1,820 last week and traded within an ascending channel throughout August. At this time, ETH was trading near $1,923, reflecting an increase of 1.01% over the past 24 hours. Renewed whale activity bolstered the recovery. Onchain Lens reported that two whales accumulated 80,000 ETH valued at $152 million. One whale withdrew 30,000 … Read more
