Ethereum’s market structure is currently experiencing a notable increase in tension that merits direct attention. On-chain, the supply picture appears to be the most constructive it has been in some time. On the chart, ETH continues to face challenges in breaking through a resistance zone it has tested four times in the past six weeks. … Read more
Ethereum is currently trading at approximately $2,350, standing at a crucial juncture that is poised to shape its path in the upcoming weeks. The asset has dedicated much of April to establishing a foundation for a legitimate bullish reversal. Although the case is not yet finalized, the data across various timeframes is subtly gathering support … Read more
Ethereum price struggled to hold above $2,420 and initiated a downward correction, mirroring Bitcoin’s movements. ETH price has fallen beneath the $2,400 and $2,350 thresholds. The pair hit a low of $2,253 and is now consolidating losses beneath the 23.6% Fibonacci retracement level from the downward move that started at the $2,465 swing high and … Read more
Ethereum’s recent rebound has lost momentum after yet another unsuccessful effort to break through the overhead resistance level. The market continues to maintain its position above the February base, sustaining the broader recovery narrative. However, the recent rejection indicates that bulls have yet to assert full dominance. Currently, ETH appears to be trapped between a … Read more
Ethereum’s derivatives market is currently experiencing a distinct contraction phase, influenced by macroeconomic pressures that are impacting risk appetite. Current inflation signals, highlighted by a Core PPI MoM figure of +0.8%, suggest that monetary policy may remain restrictive. At the same time, rising geopolitical tensions between the United States and Iran have further reduced market … Read more