Ethereum (ETH) Under Bearish Pressure as On-Chain Data Hints at Market Reversal
Ethereum (ETH) remains under notable bearish pressure, trading around $3,710 after dropping 4.5% in the past 24 hours. Related Reading: Crypto Exchanges Brace For EU Power Shift Toward Central Regulation The asset has struggled to maintain its uptrend, slipping below the $3,800 level and testing the critical $3,715 support zone. Analysts note that this level […]
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Ethereum (ETH) is trading at its lowest levels since late 2023, struggling to regain momentum after an extended period of selling pressure. Since December 2024, ETH has lost over 57% of its value, failing to reclaim key resistance levels. With the broader crypto market facing macroeconomic uncertainty and persistent volatility, Ethereum’s downtrend appears far from over. Related Reading: 640,000 Chainlink (LINK) Withdrawn From Exchanges In 24 Hours – Bullish Accumulation? Despite the ongoing decline, on-chain data suggests that large investors may be positioning for a recovery.....
In a shocking development, the price of Ethereum has fallen below the key $4,000 level as the ongoing bearish pressure in the broader crypto market intensifies. On-chain data shows that a notable portion of ETH is still being withdrawn from crypto exchanges in the face of the growing market volatility. Investors Are Still Withdrawing Ethereum […]
Ethereum price remained under pressure against the US Dollar as there was an increase in seller’s strength, taking the price below $10.00. Key Highlights. Ethereum price continued to tumble against the US Dollar, as there was a nasty decline in ETH/USD. Yesterday’s highlighted bearish trend lines on the hourly chart (data feed via Kraken) of ETH/USD played well in pushing the pair down. I remain bearish in the short term on ETH/USD as long as I don’t see good signs of a reversal. Ethereum Price Collapse. Ethereum price ETH tumbled further yesterday, and my view of additional declines paid....
Ethereum is still under significant bearish pressure, with the possibility that the downward trend might continue in the coming days or weeks as the market struggles to recover. After dropping sharply over the last few days, ETH may have finally reached that crucial moment that could trigger a significant upward surge. A Strong Rally To […]
Ethereum price is under a lot of bearish pressure vs the US Dollar and Bitcoin, and ETH/USD may continue to trade lower going forward. Key Highlights. Ethereum price remained under a lot of pressure this past week against the US Dollar and Bitcoin. There is a crucial bearish trend line formed on the daily chart of ETH/USD (data feed via SimpleFX), which is pushing the price down. The $8.00 handle may play a major role for the pair in the near term for the ETH buyers. Ethereum Price Downside Pressure. It was a bad week for ETH price, as it declined heavily against the US Dollar and Bitcoin.....