The largest altcoin by market cap experienced a notable increase during the recent minor bullish wave in the cryptocurrency market, rising from just over $1,500 to nearly $2,000, thereby reaching a multi-month peak. However, it encountered a standstill as it was unable to surpass that psychological threshold. Moreover, the same technical tool that predicted the … Read more
There has been more talk about Ethereum perhaps going into an upswing phase, especially because market sentiment is still showing signs of improvement. The total crypto market capitalisation has absorbed approximately $57.39 billion in inflows since the low on July 24, and this liquidity has contributed to Ethereum’s recent outperformance. Structural patterns and market correlations … Read more
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 has staged a significant recovery from its June lows. It has regained significant support levels and is currently advancing towards a critical technical threshold. While short-term momentum continues to favour buyers, the broader trend remains hindered by overhead resistance and a persistently negative Coinbase Premium Index, indicating that institutional demand from U.S. investors has … 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
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’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