Ethereum price struggled to maintain stability above $2,050 and has initiated a fresh decline, mirroring the movement of Bitcoin. ETH price has fallen below the $2,020 and $2,000 thresholds. The price even dipped below $1,980. A low was established at $1,964, and the price is currently exhibiting numerous bearish indicators. There was a slight recovery … Read more
Ethereum is suffering greatly; at $2,520, it is 21% below its 200-day moving average, and momentum indicators indicate that it is oversold. The harsh reality is that oversold can remain oversold in bear markets, even when the RSI at 29.35 represents the deepest oversold territory since late 2022. Exhausted selling pressure is indicated by the … Read more
Ethereum price struggled to maintain its position above the $2,120 level and continued its downward trend, mirroring Bitcoin’s movement. ETH price accelerated towards a decline beneath the $2,110 and $2,100 thresholds. The bears have successfully driven the price beneath the 38.2% Fibonacci retracement level of the upward movement from the $2,000 swing low to the … Read more
In the last fortnight, Ethereum’s price has exhibited a downward trajectory, raising concerns about the potential for an extended correction. However, data from a recent on-chain analysis indicate that the long-term bullish case for Ethereum remains quite strong. In a recent post, crypto analyst emphasises a convergence of on-chain signals indicating robust confidence among Ethereum … Read more
A crypto expert has shared her macro prediction for Ethereum, warning of an imminent price crash that could see the second-largest cryptocurrency plummet to as low as $800, or even $400 per coin. While this would signify a significant bearish shift considering ETH’s current valuation, the analyst contends that such a downturn is crucial for … Read more
Ethereum price stayed supported above the $2,080 level, mirroring Bitcoin’s performance. ETH price established a solid base and initiated a recovery wave, breaking through the $2,100 resistance level. The price has exceeded the 50% Fibonacci retracement level of the downward movement from the $2,197 swing high to the $2,075 swing low. However, the bears are … Read more
Ethereum price maintained its position above the $2,065 support zone, reflecting Bitcoin’s performance. ETH price has formed a strong foundation and kicked off a recovery wave, successfully surpassing the $2,080 resistance threshold. The price has surpassed the 50% Fibonacci retracement level of the downward movement from the $2,198 swing high to the $2,075 swing low. … Read more
Ethereum price has stayed supported above the $2,050 level, similar to Bitcoin. ETH price established a solid foundation and initiated a recovery wave, breaking above the $2,065 resistance level. The price has exceeded the 38.2% Fibonacci retracement level of the decline from the $2,197 swing high to the $2,075 swing low. The bulls managed to … Read more
Ethereum has slipped below the $2,150 mark as a combination of selling pressure and market uncertainty has wiped out the recovery that was gaining momentum since the lows in February. The decline is sharp — it resembles a market encountering supply that was strategically placed and poised for action. Data has pinpointed the source of … Read more
Bitcoin’s price breakout efforts faced several obstacles at the $82,000 mark over the past week, a situation that can be partially attributed to the latest happenings regarding US ETFs. The spot Ethereum ETFs faced a challenging day, enduring a continuous streak of losses without a single day in the green. Last week, which concluded on … Read more