The recent surge in Bitcoin and Ethereum prices has not been without casualties. Short-term traders, in particular, have been hit hard by liquidations as prices continue to climb. In the last 24 hours, over $330 million was liquidated from the crypto market, with the majority of these losses coming from short traders who bet on
Ethereum
Ethereum, the second-largest cryptocurrency by market capitalization, is currently positioned at a critical juncture, with analysts predicting a potential breakout. One prominent crypto analyst, Jelle, recently pointed out that Ethereum is nearing the end of a falling wedge pattern, which is often interpreted as a bullish signal in technical analysis. This pattern emerged as Ethereum
Cryptocurrency analyst ‘Yoddha’ has made a bold prediction regarding the future of Ethereum, setting a timeline for when the world’s second-largest cryptocurrency could surpass $10,000 in value. According to Yoddha, Ethereum is expected to undergo a significant rally after a period of accumulation and decline, ultimately reaching above the $10,000 mark by the end of
Recent analysis of Ethereum (ETH) suggests a potential rebound on the horizon, with a strong buy signal being highlighted by analyst Ali. The TD Sequential indicator on Ethereum’s daily chart has issued a signal indicating a possible upward movement lasting one to four candlesticks. This positive outlook has sparked optimism among investors, hinting at a
In a recent analysis by crypto analyst Javon Marks, several metrics have been highlighted that suggest a bullish outlook for Ethereum (ETH). Marks pointed out that a bull flag-like price structure has emerged on the Ethereum chart, indicating a potential all-time high for the second-largest crypto token. Additionally, the formation of higher lows in Ethereum’s
The Ethereum options market for June is showing a significant interest in higher strike prices, particularly those exceeding $3,600. Traders are heavily focusing on call options at these levels, indicating a bullish sentiment toward Ethereum’s near-term trajectory. The most favored strike price among these optimistic bets is an ambitious $6,500. Options are contracts that give
The recent sell-off of 6,714 ETH tokens by a crypto whale has caught the attention of traders and market experts alike. The whale sold off all its Ethereum tokens at a market price of $19.5 million, resulting in a loss of $6.5 million based on the acquisition price of these tokens. In the world of
The Ethereum Foundation’s recent transfer of a substantial amount of ETH has caught the attention of the crypto community. Speculations are already arising about whether this transaction could be an indication of a market top. On May 8, the Foundation transferred 1,000 ETH ($3 million) to a middle multi-signature wallet (0xbc9), as reported by the
In recent weeks, the price of Ethereum has closely followed the performance of Bitcoin, which has been on a downtrend. However, upon closer inspection, it appears that Ethereum may have more bearish fundamentals compared to Bitcoin. One crypto analyst known as Shin Forex recently shared an analysis on TradingView, highlighting some concerning developments in the
The recent analysis provided by Benjamin Cowen sheds light on the downward trend observed in the Ethereum/Bitcoin (ETH/BTC) pair amidst the turbulent crypto market. According to Cowen, the ETH/BTC pair is currently on the downside, with a history of steep declines of around 70% in the past. This raises concerns about the potential for further