Ethereum price has struggled to recover above the $3,650 resistance level, indicating a bearish trend in the market. The failed attempt to surpass this key resistance has led to a decline in ETH value below the $3,550 support zone. This downward movement has raised concerns among investors and traders about the future performance of Ethereum
Ethereum
After failing to clear the $3,720 resistance, Ethereum has faced another decline, posing a risk of further losses below the $3,550 support zone. The cryptocurrency initiated a fresh decline from the $3,720 resistance area and is currently trading below $3,650 and the 100-hourly Simple Moving Average. The presence of a key bearish trend line with
The recent surge in Ethereum’s price, nearing the $4,000 mark, has created a wave of market enthusiasm. This positive sentiment has been further fueled by the SEC’s approval of Ethereum ETF applications submitted by major asset managers. As a result, digital asset investment products have seen an influx of $2 billion, marking a five-week streak
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently seen a dip below the 4-hour Simple Moving Average (SMA). This technical indicator holds significance for traders and investors alike, as it is often used to assess short-term market momentum. When a cryptocurrency’s price falls below the 4-hour SMA, it can indicate a potential shift
Ethereum price recently experienced a downside correction after failing to break past the $3,885 resistance level. This correction has led ETH to drop below $3,800 and it could potentially slide further towards $3,720 in the near future. The failure to surpass the $3,880 resistance sparked this pullback, with the price currently trading below $3,840 and
Recently, asset manager VanEck made headlines with its revised prediction for Ethereum (ETH) and the significant price it believes the second-largest crypto token could reach by 2030. In a surprising turn of events, VanEck now predicts that Ethereum could potentially reach an impressive $22,000 by the year 2030. This revised forecast is a significant increase
The recent data analysis on the supply of Bitcoin (BTC) and Ethereum (ETH) on exchanges reveals a significant decrease, suggesting that these top cryptocurrencies could be gearing up for substantial price increases. According to the BTC ECHO analyst Leon Waidmann, the exchange balances for Bitcoin and Ethereum are currently at their lowest levels in years.
In the wake of the SEC’s approval of Ethereum Spot ETFs, several asset managers have submitted amended versions of their S-1 forms. Among them, Franklin Templeton has caught the attention of many for being the first potential issuer to reveal a sponsor fee. The New York-based investment firm has proposed a 0.19% fee for its
In recent months, Ethereum whales, the big players in the cryptocurrency world, have been making significant waves with their increased activity. Santiment’s recent report highlights a surge in whale activity, possibly driven by the approval of spot Ethereum exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC). This surge in activity by large
Ethereum (ETH) is currently experiencing a significant technical breakout that has placed it at the forefront of an impending market surge. According to crypto analyst Jelle, Ethereum has recently broken out from a bearish pattern, specifically the “falling wedge,” and has successfully flipped key resistance levels into support zones. This breakthrough has propelled Ethereum towards