Ethereum Exchange Exodus Deepens: $380M Withdrawn As Crucial Support Level Em...
Ethereum has recently regained bullish footing, climbing to $1,847 after dipping below $1,750 toward the end of April. This rebound follows a period of volatility, with price movements fluctuating between $1,740 and $1,847 over the past seven days. Related Reading: Strategy’s $84 Billion Bitcoin Appetite: Michael Saylor Goes All In (Again) Amid the uncertainties in the wider crypto market, Ethereum’s ability to reclaim higher ground appears to align with shifting investor behavior, especially on centralized exchanges, where a noticeable number of Ether have been withdrawn in the past....
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Despite the bitcoin price high, there continues to be a massive exodus of bitcoin leaving exchanges. Onchain data shows exchanges are being drained like a sieve and during the last 30 days, 87,954 bitcoin was withdrawn from the top crypto trading platforms. Back in December 2019, it was reported that the San Francisco-based exchange Coinbase held close to 1 million BTC for its users. In fact, in January 2020, Coinbase had around 969,000 BTC and the next month, it was up to its highest point of 973,000 BTC on February 10, 2020. But all year long, not only from Coinbase, but also a slew of....
Ethereum is holding gains and rising towards $1,600 against the US Dollar. ETH could rally if there is a clear move above the $1,620 resistance zone. Ethereum remained stable above the $1,520 and $1,500 support levels. The price is now trading above $1,550 and the 100 hourly simple moving average. There is a crucial rising channel forming with support near $1,535 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it stays above the $1,520 and $1,500 support levels. Ethereum Price Eyes Upside Break Ethereum corrected lower below the $1,550....
Ethereum topped out dramatically in August when it hit $490, then crashed. The coin currently trades for $370, 25% below those highs. Analysts think that Ethereum could soon shoot higher as the macro trend remains bullish. ETH will need to hold a crucial support level in the $300 range, then decisively surmount the year-to-date highs around the high-$400s. Institutions are getting bullish alongside technical analysts. Grayscale Investments recently revealed that it has accumulated 2% of […]
Ethereum is stuck in a crucial range above the $382 support against the US Dollar. ETH price could either jump above $392 or it might nosedive below $380. Ethereum is struggling to stay above the key $382 and $380 support levels. The price is currently trading in a range above the $382 support and below […]
Exodus, the multi-asset wallet with a strong design and usability emphasis, now includes ShapeShift built-in. This allows users to trade between blockchain assets without leaving the wallet app. In-App Trading. ShapeShift.io announced the move on October 5, saying it had worked with Exodus since late 2015 to integrate its API. Exodus users can maintain....