In the last fortnight, Ethereum’s price has exhibited a downward trajectory, raising concerns about the potential for an extended correction. However, data from a recent on-chain analysis indicate that the long-term bullish case for Ethereum remains quite strong. In a recent post, crypto analyst emphasises a convergence of on-chain signals indicating robust confidence among Ethereum … Read more
A significant ethereum holder divested 20,000 ETH, valued at $41.18, in a single transaction, indicating a concentrated surge of sell-side pressure in a market that is already grappling with a lack of clear direction. ETH was trading near the $2,059 level at the time of the transaction, a zone that analysts widely consider the last … Read more
Ethereum price stayed supported above the $2,080 level, mirroring Bitcoin’s performance. ETH price established a solid base and initiated a recovery wave, breaking through the $2,100 resistance level. The price has exceeded the 50% Fibonacci retracement level of the downward movement from the $2,197 swing high to the $2,075 swing low. However, the bears are … Read more
Ethereum price maintained its position above the $2,065 support zone, reflecting Bitcoin’s performance. ETH price has formed a strong foundation and kicked off a recovery wave, successfully surpassing the $2,080 resistance threshold. The price has surpassed the 50% Fibonacci retracement level of the downward movement from the $2,198 swing high to the $2,075 swing low. … Read more
Bitcoin’s price breakout efforts faced several obstacles at the $82,000 mark over the past week, a situation that can be partially attributed to the latest happenings regarding US ETFs. The spot Ethereum ETFs faced a challenging day, enduring a continuous streak of losses without a single day in the green. Last week, which concluded on … Read more
In the last week, there has been a noticeable decline in institutional demand for Ethereum, with no new capital inflows reported on any day during this period. According to data, Ethereum ETFs have experienced a significant weekly outflow of $65.65 million, representing the largest withdrawal since January. Last week marked the weakest performance for Ethereum … Read more
The price of Ethereum has consistently held above the $2,265 support level, similar to Bitcoin’s performance. ETH price established a foundation and initiated a recovery trend surpassing the $2,300 resistance level. The price exceeded the 50% Fibonacci retracement level of the decline from the $2,423 peak to the $2,265 trough. The bulls have driven the … Read more
Ethereum’s price has successfully maintained its position above the $2,300 support level and has initiated a fresh upward movement, similar to Bitcoin. ETH price accelerated towards a breakout above $2,320 and $2,350. The price surged, reaching as high as $2,365. The price reached a peak of $2,387 and is currently in a phase of consolidating … Read more
The Ethereum Foundation has finalized yet another over-the-counter transaction involving its ETH assets, this time transferring 10,000 ETH to BitMine Immersion Technologies as the counterparty. The transaction aligns with a persistent trend of organized selling that has characterized the Foundation’s treasury operations in recent months. On May 1, the Ethereum Foundation shared an update via … Read more
Ethereum has been navigating an ascending channel since it successfully reclaimed the $2k mark, maintaining its position above this threshold for an impressive 12 consecutive days. At the time of this report, the altcoin was priced at $2340, reflecting a decline of 2.02% on the daily charts. As the market finds stability above $2k, institutional … Read more