After a breakout attempt a few days ago, Ethereum faced resistance at $3.4k, leading to a drop to a local low of $3045. At the time of this report, Ethereum was priced at $3,118, reflecting a modest 0.03% increase on the daily charts and a 2.5% rise over the week. Amid this market decline, investors … Read more
Ethereum price has initiated a new upward trend, surpassing the $3,150 mark. ETH is currently in a consolidation phase and could soon target a definitive breakout above $3,350. Ethereum has initiated a downward correction from the $3,450 level, and the price is currently trading above $3,200 and the 100-hourly Simple Moving Average. A new connecting … Read more
Ethereum price has initiated a new upward movement, surpassing the $3,350 mark. ETH is currently retracing from its recent highs of $3,450 and could potentially drop further beneath the $3,200 mark. Ethereum has initiated a downside correction from the $3,450 level. The price is currently hovering around $3,200, closely aligned with the 100-hourly Simple Moving … Read more
Ethereum’s base-layer transaction fees have plummeted to their lowest levels of the year, while the capital locked across the ecosystem continues to hold steady. Recent insights reveal a continuous drop in fee revenue, pointing to a fundamental change in how users engage with the network, rather than a downturn in overall usage. The 90-day moving … Read more
Ethereum is making significant strides! The network is becoming increasingly difficult to overlook, with activity operating more seamlessly than ever and capital streaming through its channels at unprecedented rates. Even traditional payment giants may want to monitor the developments that are taking place. This time, the change feels distinctly different for several reasons. Ethereum is … Read more
Ethereum is picking up steam, with various technical indicators pointing towards a potential major movement ahead. With key support levels maintaining their strength and bullish patterns emerging, the market appears poised for a significant upward movement. In a recent update, analyst Luca observing that Ethereum’s price action played out precisely as he had predicted, with … Read more
Ethereum has pulled back from the $3,240 mark and is currently probing the $3,150 region for support, a critical zone that traders are monitoring intently. Bulls are making an effort to hold this level after a slight rebound, yet uncertainty lingers as the market seeks to find its direction in the wake of weeks filled … Read more
Ethereum stands as the second-largest cryptocurrency by market capitalization, currently holding a valuation of approximately $384.9 billion. However, it has experienced one of its most significant downturns in recent months. The asset has persistently traded beneath the $3,200 mark for over 20 days, reflecting a prevailing weak sentiment, with some investors opting to exchange the … Read more
At present, the dominant mood is significantly shaped by apprehension, ambiguity, and skepticism. Millions have vanished, essential support levels have fallen apart, and the overall risk appetite has diminished. As capitulation risk resurfaces, the expected Q4 boost is gradually shifting into unfavorable ground. Overall, December is beginning with a clear negative sentiment. The timing for … Read more
Ethereum is currently trading above $3,050, having navigated through weeks of significant selling pressure and a pronounced capitulation phase among short-term holders. Despite the prevailing atmosphere of fear, recent data indicates that market participation has surprisingly held strong throughout the year. A recent report indicates that Ethereum’s real-time trading volume across all major platforms marks … Read more