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
Ethereum is making efforts to rebound following a significant drop beneath the $2.4K support level, currently trading at approximately $2.45K. The rebound has returned the price to the upper boundary of a significant demand zone; however, the market must demonstrate that buyers can maintain this area before a broader recovery can be deemed back on … Read more
On October 2nd, the U.S. Securities and Exchange Commission sanctioned Cboe BZX’s proposal for a new Volatility Shares 3x Ether ETF, in conjunction with five other comparable offerings. The SEC has granted approval for the proposed rule changes that permit these funds to be listed on Cboe BZX; however, it did not sanction their initial … Read more
The Ethereum crypto price declined by 2.7% to $2,446 on Tuesday, September 15, continuing its descent from the $2,500 threshold. The price of ETH briefly dipped below the support level of $2,434; however, buyers swiftly responded, leading to a rebound. This movement has rendered it susceptible to additional declines should the specified support level be … Read more
The declining volume of ETH held on exchanges, coupled with robust institutional interest, bolsters the optimistic outlook. The second-largest cryptocurrency has remained around $2,500 in recent days, with some analysts forecasting a significant breakout above this threshold and a potential rise to considerably higher levels. Others maintain a cautious outlook, anticipating that ETH may decline … Read more
Ethereum has experienced significant exchange inflows following the Ethena team’s transfer of 6.5K ETH, amounting to $12.58M, to Binance, alongside B2C2’s movement of 3.05K ETH, valued at $5.89M, to Coinbase. These deposits bring approximately 9.55K ETH, which corresponds to around $18.47M, into centralized trading venues. Such transfers have frequently indicated liquidity readiness rather than prompt … Read more
