Ethereum has fallen beneath a significant technical threshold after its inability to maintain momentum above the $2.8K mark. Trading at $2.31K, ETH has breached the lower trendline of its daily ascending channel, exerting pressure on the adjacent support zone at $2.3K. Meanwhile, the Taker Buy Sell Ratio indicates considerable selling pressure in the futures market, … 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 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
Ethereum is maintaining a position close to $2.7K following a robust rebound from the summer lows; however, the recent price movements indicate a deceleration in momentum. ETH is currently confined within a constricting formation at the 2.7K-2.8K resistance zone, as the taker buy/sell ratio has diminished, indicating a more prudent approach to short-term positioning. On … Read more
The significant rally that commenced in August and gained momentum in September has ultimately transformed ETH’s higher-timeframe structure into a bullish one, with numerous analysts concurring that only one substantial resistance stands in the asset’s path. A decisive break above it could open the door to a much larger move toward 3,000 and beyond. The … Read more
While Ethereum’s overall market structure remains under the influence of sellers, recent price movements indicate a potential waning of seller momentum, particularly after the market has tested the $1.5K support level on two occasions. The emergence of a potential double bottom, coupled with improving short-term momentum, suggests the possibility of a relief rally should buyers … Read more
Ethereum price struggled to maintain its position above the $2,365 level and continued its downward trend, similar to Bitcoin. ETH price accelerated towards a decline, aiming for levels beneath $2,350 and $2,340. A break occurred below a bullish trend line, with support identified at $2,340 on the hourly chart of ETH/USD. The bears have driven … Read more
Ethereum price started a fresh decline after it failed to stay above $2,020, like Bitcoin. ETH price declined below $2,000 to enter a bearish zone. Besides, there was a break below a key bullish trend line with support at $2,020 on the hourly chart of ETH/USD. The pair even dipped below $1,920. A low was … Read more
Ethereum is displaying initial indications of a rising wedge formation, a pattern frequently linked to possible reversals. As critical support faces mounting pressure, a potential breakdown from this structure could drive the price downward, bringing the $1,500 level into sharp focus as the next significant target. Luca, in a recent update, pointed out that Ethereum’s … Read more
Ethereum’s downturn in late January and February saw its price plummet towards the $1,924–$1,801 support zone, where the selling pressure ultimately began to ease. As the price momentarily surged close to $1,801, buyers entered the market with vigor, safeguarding the yellow support level and averting a more significant decline. Soon after, the price found stability … Read more
