The world’s largest altcoin experienced significant pressure from the prevailing market weakness over the past week, declining to just over $1,500 for the first time in more than a year. The asset remains below key support levels, including $1,800, which holds particular significance in its long-term potential, according to popular analyst Michaël van de Poppe. … Read more
In the last 24 hours, the cryptocurrency market experienced $1.42 billion in liquidations within the derivatives sector. Ethereum accounted for $349.17 million, with $274.29 million worth of long positions facing liquidation. The leading altcoin was examining the $1,550 price level that it had previously assessed in the first week of June. The higher timeframe price … Read more
Ethereum whales have reemerged, engaging in both staking and purchasing activities. Lookonchain data suggested that Andreessen Horowitz (a16z) seemed to be acquiring Ethereum. On June 23rd, a wallet linked to a16z withdrew 25,560 ETH, equivalent to $42.62 million, from Binance. On the same day, Tom Lee’s Bitmine acquired an additional 35,138 ETH, valued at $58.65 … Read more
Ethereum traders are closely monitoring the potential for a significant response from a lower demand zone to evolve into a more extensive short-term recovery. One analyst has identified upside targets reaching as high as $1,850. It is presented as a short-term bullish setup following a significant price reaction from the $1,670–$1,690 demand zone. The analyst … Read more
Ethereum has made a slight comeback after discovering support at $1.5K earlier this month. However, mood data show that buyers have not yet taken back control of the market, and the asset is still below important technical obstacles. The latter in particular demonstrates a weak institutional demand, indicating that recovery efforts may encounter significant obstacles. … Read more
Ethereum price successfully maintained its position above the $1,600 support level and initiated a new upward movement, similar to Bitcoin. ETH price accelerated towards a breakthrough above $1,620 and $1,640. The price even climbed toward $1,740. A high was established at $1,731, and the price is currently solidifying gains above the 23.6% Fibonacci retracement level … Read more
Ethereum continues to face considerable pressure across both higher and lower timeframes following the rapid loss of several key technical levels. While the recent rebound from the local bottom around $1.5K has provided some short-term relief, the broader structure still favours sellers unless ETH can reclaim a series of key resistance zones overhead. Moreover, the … Read more
Despite ongoing market uncertainty and a bearish outlook in certain areas of the cryptocurrency sector, Ethereum is on the verge of a notable adoption milestone, as the count of non-empty wallets approaches 200 million. While price fluctuations often dominate investor attention, the consistent increase in wallet activity indicates that engagement within the ETH ecosystem is … Read more
Ethereum price was unable to maintain its position above the $1,680 level and continued its downward trend, similar to Bitcoin. ETH price accelerated towards a decline beneath the $1,665 and $1,650 thresholds. The price even tested the 50% Fibonacci retracement level of the upward move from the $1,505 swing low to the $1,720 swing high. … Read more
Ethereum price struggled to maintain its position above the $1,700 mark and continued its downward trend, mirroring Bitcoin’s performance. ETH price accelerated towards a decline, targeting levels beneath $1,680 and $1,665. There was a breakdown beneath a bullish trend line, with support positioned at $1,700 on the hourly chart of ETH/USD. The bears have driven … Read more
