Ethereum is currently navigating a concentrated cost basis cluster, positioning its price at a crucial breakeven area for a significant portion of holders, as indicated. The firm’s Cost Basis Distribution Heatmap reveals a significant concentration of ETH supply that was last acquired around current price levels, suggesting that numerous holders are situated near breakeven points. … Read more
Ethereum’s price continued to decline, probing the $2,800 level. ETH is currently on a recovery path, potentially targeting further gains if it surpasses the $2,960 mark. Ethereum continued to linger in a bearish territory, trading beneath the $2,960 mark. The price is currently hovering just above $2,900, alongside the 100-hourly Simple Moving Average. A breakout … Read more
The market is experiencing a cooldown following its recent weekly highs. On the daily timeframe, a majority of the leading cryptocurrencies are experiencing a pullback. Following a robust rally at the beginning of the week, numerous assets have successfully reclaimed significant levels, marking a notable shift after nearly eight weeks of stagnant movement. In that … Read more
Ethereum’s price struggled to break through the $3,200 resistance level and subsequently experienced a decline. ETH is currently making a bid for recovery, but it encounters a challenging resistance around the $3,180 mark. Ethereum has initiated a downward correction, slipping below the $3,200 and $3,180 levels. The price is currently trading above $3,100 and the … Read more
Ethereum is facing challenges in regaining the $3,100 mark as price movements become more constrained and the market prepares for a pivotal shift. Following weeks of volatile trading, ETH finds itself trapped between waning bullish efforts and ongoing overhead resistance, resulting in a stark divide among analysts regarding the future direction. A segment of the … Read more
Recently, Ethereum has garnered considerable attention in the crypto sphere as a whale made a $63M short bet, targeting the altcoin’s price resistance between $3,200 and $3,400. The market is alive with speculation about the next move, considering whether ETH can exceed the previously discussed level. Traders are certainly anxious, keeping a watchful eye on … Read more
Risk assets find themselves caught in a tug-of-war between a market bottom and a peak. From a technical standpoint, this aligns well. Typically, large-cap assets exhibit a distinct directional trend following approximately five weeks of lateral movement. What’s the outlook for this cycle, though? The market has been stagnant for over seven weeks now, with … Read more
Ethereum is currently navigating a pivotal moment as we near the end of the year, trading at $2,924.29, with bearish momentum prevailing in the short-term perspective. Our detailed analysis of the ETH price prediction indicates that a potential recovery may take shape in early 2025, as several analysts are eyeing the $3,400 level for medium-term … Read more