Ethereum is on a recovery trajectory toward $2.55K as buyers have reacted to the recent selloff in proximity to a significant demand zone. The rebound maintains the overarching upward trajectory; however, ETH must still regain the upper supply levels to indicate a more sustainable recovery. On the daily timeframe, Ethereum’s correction extended into the $2.36K-$2.42K … Read more
The overall crypto market is currently experiencing a bearish phase; however, Ethereum has successfully led the growth of the stablecoin market cap over the past week. Data indicates that Ethereum’s stablecoin market capitalisation experienced an increase of $243.4 million, with Arbitrum One following at $108.6 million and Base at $51.1 million. Together, these three networks … Read more
A significant Ethereum whale has been impacted by the downturn in the market. The trader’s position was liquidated at a value of 28,716 ETH, or $69.69 million. Despite experiencing a significant loss, the whale has not retreated. It holds 78,955 ETH in long positions, valued at approximately $195.57 million, and persists in betting on a … 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
Ethereum surged to a high of $2,667 on Friday, September 11. Just four days later, ETH experienced an 11.6% retracement, returning to a value of $2,356. At this time, Ethereum was trading at $2,495 and was once again approaching the $2,530 local resistance zone. Wednesday’s rate hike decision has prompted investors to pause and reevaluate … Read more
Ethereum is currently experiencing a phase of consolidation following a significant rally. This rally propelled the altcoin to an eight-month peak of $2,660. Since then, Ethereum has experienced a pullback and is currently trading around $2,474 as of this writing. At this level, buyers are persistently safeguarding elevated lows for Ethereum. This has resulted in … Read more
An analysis frames the current ETH structure as a possible shift from premium pricing back toward discount levels. The analyst indicates that the price entered a supply zone ranging from approximately $1,732.4 to $1,761.9 prior to exhibiting a change of character on a lower time frame. The key level in the post is 1,718.5, described … Read more
Ethereum traders are closely monitoring the potential for a significant response from a lower demand zone to evolve into a more extensive short-term recovery. One analyst has identified upside targets reaching as high as $1,850. It is presented as a short-term bullish setup following a significant price reaction from the $1,670–$1,690 demand zone. The analyst … Read more
Ethereum has made a slight comeback after discovering support at $1.5K earlier this month. However, mood data show that buyers have not yet taken back control of the market, and the asset is still below important technical obstacles. The latter in particular demonstrates a weak institutional demand, indicating that recovery efforts may encounter significant obstacles. … Read more
Ethereum price has managed to maintain its position above the $2,300 support level and has kicked off a new upward trend, mirroring Bitcoin’s movements. ETH price surged, aiming to breach the $2,350 and $2,360 thresholds. The price skyrocketed, hitting a peak of $2,385. The market hit a high of $2,398, and at present, the price … Read more
