Ethereum experienced a significant downturn in October, despite an initially positive yet fleeting start to the month, plummeting by more than 16%. A significant share of those losses was attributed to the unprecedented outflows from ETFs, which reached an all-time high, with over $1.6 billion exiting the funds. In a manner akin to the bitcoin … Read more
Ethereum has declined to approximately $2.2K following a further wave of selling that has extended the drop from the previous highs of $2.8K. With ETH now trading within a critical demand zone that coincides with the lower boundary of its short-term descending channel, the present area may determine whether the correction stabilises or intensifies toward … Read more
Ethereum has rebounded toward $2.37K after finding demand near $2.3K; however, the recovery remains below its broken ascending channel. Buyers are demonstrating an initial response, yet the overarching trend of lower highs maintains a cautious outlook. On the daily timeframe, Ethereum’s correction extended into the highlighted $2.22K-$2.31K demand zone before producing consecutive recovery candles. The … Read more
With U.S. President Donald Trump suggesting the potential for military action against Iran, market conditions have experienced significant volatility. Bitcoin experienced a decline, falling below $80,000, while Ethereum also saw a decrease, dropping beneath $2,300. However, traders are dismissing the decline as a “strategic” washout as the weekend approaches. As order books diminish, selling pressure … Read more
Ethereum registered its largest daily exchange outflows in over four months, with 169,770 ETH leaving exchanges as market participants anticipate a potential price rebound. Santiment Intelligence is analysing the recent withdrawals in relation to a comparable spike observed on June 5th. Subsequent to that timeframe, Ethereum experienced approximately 223,800 ETH in net outflows as its … Read more
Ethereum’s network activity appears to be rebounding, as evidenced by a significant increase in active addresses over the past 24 hours. Concurrently, the proportion of the total supply in profit increased to 63%, reinforcing the prevailing bullish sentiment within the network, as the majority of holders opt to retain their positions rather than engage in … Read more
Ethereum is currently evaluating a significant support confluence beneath $2.4K as its correction persists. Buyers have mounted a defence of the area through a series of sharp reactions; however, the ongoing formation of lower highs indicates that selling pressure remains unabated. On the daily timeframe, ETH has declined into the highlighted $2.36K-$2.44K demand zone, where … Read more
A significant Ethereum transaction has recently garnered market interest, as 23,528 ETH was transferred from Coinbase Institutional to an unidentified wallet. Whale Alert reports that this transfer was valued at approximately $57.88 million in ETH, indicating a notable transaction from an institutional custody. However, the receiving address remained unidentified, which obscured the ownership of the … Read more
In the last 24 hours, approximately $270 million in ETH long positions were liquidated. Despite the overall downturn in the cryptocurrency market on Thursday morning, certain altcoins have experienced more significant declines than their counterparts, with the largest among them facing notable challenges. ETH has recently declined to $2,315, reflecting a decrease of $200 for … Read more
As the global cryptocurrency market capitalisation steadily approaches $2.91 trillion at the time of this report, following a recent decline, Ethereum is subtly capturing attention. According to the latest data, Ethereum is attracting strong bullish interest, while Bitcoin and Ripple traders are becoming increasingly cautious. The bullish-to-bearish comment chart, which measures the ratio of positive … Read more
