Ethereum has been inexpensive since February, as it was trading below its overall cost basis at $2.3k. More holders found themselves at a loss, and the recent rally to $1,920 followed by a subsequent reset lower indicates that sellers continue to maintain the upper hand in the market. Source reported that the realised price bands … Read more
Trader indicates that Ethereum has recently entered the price range historically associated with the bottom of its bear market. He cites the occurrence of four consecutive lower highs as evidence that the downtrend may have reached its conclusion. The trader, who is purchasing during the dip with a long-term target of $7,000, contends that the … Read more
Since February, Ethereum has been considered ‘cheap’ following a decline in price that fell below its overall cost basis of $2.3K. This indicates that a greater number of holders are experiencing losses, which subsequently diminishes selling pressure and mitigates downside risks. However, crypto analytic cautioned that a durable bottom could still be elusive in the … Read more
Ethereum was trading at about $1,865, stabilising after making a significant comeback from its June lows. The asset has maintained an upward trajectory, consistently achieving higher highs and higher lows throughout July, prompting traders to closely monitor its potential to reclaim the significant $2,000 threshold. Supporting that recovery, U.S. spot Ethereum ETFs recorded a second … Read more
Ethereum remains constrained beneath a significant higher-timeframe resistance cluster, even as it has demonstrated a robust recovery from its June lows. The asset has returned to a crucial support zone as a result of the recent rejection near local highs, and the price is getting close to a technical decision point that should decide if … Read more
Ethereum’s attempted rebound faced rejection at $1,944 three days ago. The pullback resulted in ETH declining to $1,819 before experiencing a modest recovery. At this time, Ethereum was trading near $1,823, having experienced a decline of 3.6% over the past 24 hours. The decline attracted significant whale activity, yet sellers maintained dominance over the market. … Read more
Ethereum has demonstrated a significant recovery after successfully holding its recent lows, as buyers steadily regain momentum. While the higher time frames remain constrained beneath major resistance, the lower time frame structure has shown improvement, and on-chain activity seems to be stabilising after months of reduced network participation. On the daily chart, it is clear … Read more
Ethereum bulls might already be facing their biggest test of Q3. On the macro front, a swift return of risk-off sentiment followed the collapse of the U.S.-Iran ceasefire, resulting in a pronounced market-wide sell-off and underscoring the continued sensitivity of risk assets to geopolitical events. A recent position taken by an Ethereum trader underscored this … Read more
Ethereum is exhibiting indications of recovery following its rebound from the lows observed in late June, presently navigating the $1,800 range for direction. At the latest trading sessions, ETH has hovered near $1,780 as buyers attempt to reclaim a significant high-volume resistance area. While there has been a noticeable uptick in short-term sentiment relative to … Read more
Ethereum is making an effort to rebound after successfully holding the $1.5K level yet again; however, the overall trend continues to face downward pressure. The price is currently nearing a significant confluence resistance zone, which may play a crucial role in determining whether this rebound evolves into a more substantial trend reversal or continues to … Read more