Two key divergences indicate that Ethereum’s outperformance against Bitcoin may only be in its early stages. Notably, Lookonchain has identified consecutive whale accumulation, with one whale withdrawing over 74,000 ETH and another more than 10,000 ETH. The crucial aspect to consider? Both whales staked all of the ETH they accumulated, indicating a distinct departure from … Read more
The price of Ethereum has remained steady around $1.8k. After successfully rebounding from $1800, the altcoin has demonstrated relative strength, increasing to $1876. As this time, Ethereum is trading around $1866, reflecting a modest increase of 1.7% on the daily charts. As ETH hovered around $1.8k, large investors exhibited optimism and initiated long positions. According … 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 has experienced a significant rebound from its June lows, successfully regaining a critical resistance area while also engaging with a prominent descending trendline on the longer timeframes. While the recent rally has bolstered short-term sentiment, ETH is nearing a series of technical obstacles that may dictate whether the recovery surpasses $2K or shifts into … Read more
Ether prices have attained their peak since early June, prompting analysts to scrutinise its forthcoming trajectory. ETH reached a six-week peak of $1,940 during late trading on Wednesday and has maintained those gains into Thursday morning, remaining above $1,900. Analyst noted on Thursday that the movement was influenced by favourable inflation reports in the US, … Read more
The second-largest cryptocurrency has experienced a slight rebound in the past week, with many analysts suggesting that a more significant increase may be forthcoming. Certain technical indicators bolster the bullish outlook and may indeed establish the groundwork for a more significant recovery. Following the significant lows observed in June, the bulls managed to recover a … Read more
Ethereum has sustained its rebound from the lows observed in June and is currently nearing a significant technical inflection point. While the recent rally has enhanced short-term sentiment, the asset continues to trade below a confluence of long-term resistance levels. It’s interesting to note that the liquidation landscape roughly corresponds with these technical hurdles, indicating … 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 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