Ethereum experienced a significant decline of 10.64% last week, dropping from $3,095 on November 17th to $2,765 by the close of trading on November 21st. A modest rebound of 2.88% has taken place since then. The price chart above clearly shows that this bounce originated from a significant long-term demand zone. This zone (cyan box) … Read more
The recent dip in Ethereum’s value hasn’t deterred the major wallets. If anything, it’s drawing them in! A Bitmine-associated address has acquired millions in Ethereum, despite analysts cautioning that the asset is currently perched on its last significant support before a potential sharp decline. Tom Lee has put forth a valuation model suggesting that ETH … Read more
Ethereum has continued its downward trajectory and is currently positioned within a significant multi-month demand block. As liquidity is being aggressively flushed both above and below the price, ETH is nearing a critical decision point. Here, we could witness either a relief rebound or a deeper capitulation into the lower demand zones. ETH has maintained … Read more
As the broader crypto market remains on edge, altcoins, especially Ethereum, are facing considerable downward pressure. In Q4, Ethereum has been navigating a descending channel, reflecting ongoing bearish sentiment. The world’s largest altcoin saw a notable drop of 10.9%, hitting a five-month low of $2650, before slightly bouncing back to $2720 at the time of … Read more
Ethereum at $3,000 is in a delicate situation. In terms of performance, ETH is facing challenges in Q4 compared to Bitcoin, which has managed to limit its losses to under 20%. ETH’s 28% drop signifies its most negative quarter compared to BTC since 2019. Furthermore, November has traditionally posed the greatest difficulties. Notably, 75% of … Read more
Ether prices took a hit on Wednesday, November 19, hitting their lowest point since July as “continued fears” of prolonged losses drove the downward trend, according to analyst Tim Enneking. The world’s second-largest cryptocurrency by total market value has seen a decline, dropping to under $2,870, as reported. Currently, the digital asset is trading at … Read more
Ethereum experienced a decline, dropping to $2,956 on Tuesday, 18 November. However, it has since increased by 5.4% in just one day to hit $3.2k. The Crypto Fear and Greed Index showed a reading of 15 as Bitcoin surged back above the $90k threshold. It seems that despite this minor increase, the general sentiment remains … Read more
Bitcoin and Ethereum faced notable liquidation events as both cryptocurrencies continued their downward corrections. The recent selloff has driven Ethereum beneath the pivotal $3,000 mark, while Bitcoin is currently testing support levels around $92,000, leading to a wave of cascading liquidations in leveraged positions. Ethereum saw a brief dip below the $3,000 mark in today’s … Read more
ETH is currently trading at $3,159.27, hovering near a crucial support level as institutional whales have invested $1.37B amid November’s 12% correction. Meanwhile, 21Shares has introduced new crypto index ETFs. This week, the primary driver behind ETH’s price movement has been substantial whale accumulation observed during the correction in November. Recent data indicates that significant … Read more
Ethereum whales have ramped up their accumulation, with major players making new purchases at the current price levels. Data revealed that the whale known as “66kETHBorrow” has taken out an additional 120 million USDT loan from Aave, subsequently depositing the funds into Binance, presumably gearing up to bolster existing positions. Lookonchain’s tracking showed that the … Read more