Ethereum Reclaims Demand Zone As Market Turmoil Heats Up; Is $500 Possible?
ETH’s price loses its $1,200 demand zone in the early hours as Binance rejects FTX takeover, with the price responding with a bounce from its daily low. ETH’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. ETH’s price bounces from a low of $1,100 on the daily timeframes as the price aims for the 50 and 200 Exponential Moving Averages (EMA) In the last two days, the crypto market has been erratic, with the price of many altcoins, including Ethereum (ETH), battling for survival after the....
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Ethereum’s price has reached a key demand zone following an extended period of weakness against Bitcoin This demand zone is so far proving to be a strong support level for the cryptocurrency, but it still has a long way to go before it can gain any significant ground against Bitcoin One trader is now noting that it is only a matter of time before ETH’s price rockets higher He points to the strength of its […]
Ethereum remained strong above the $2,200 level and it climbed higher against the US Dollar. ETH price is back above the 100 hourly SMA and it is signaling more upsides above $2,400. Ethereum gained pace and it cleared the $2,300 resistance zone. The price is now trading well above $2,300 and the 100 hourly simple […]
Brazil-based cryptocurrency asset management platform, Hashdex has applied for the approval of a dual ETF, consisting of both Bitcoin and TH, the world’s largest cryptocurrencies. This development comes as the Spot Ethereum ETF race heats up in anticipation of an official debut before the end of the year. Hashdex Files Combined Bitcoin And Ethereum ETFs […]
Despite a volatile past two weeks, driven by Donald Trump’s proposed trade tariffs and higher-than-expected January 2025 inflation data in the US, Ethereum (ETH) has successfully defended the $2,380–$2,460 demand zone. Now, analysts are eyeing a potential move toward $3,000 for the digital asset. Ethereum Defends Key Demand Zone Amidst Volatility According to an X post by crypto analyst Ali Martinez, ETH has managed to hold above the critical $2,380 – $2,460 demand zone. With no major supply barriers ahead, the cryptocurrency could be on track to reach the $3,000 price target. For....
Ethereum price started a downside correction from the $3,500 resistance zone. ETH declined below $3,440 and might struggle to stay above $3,380. Ethereum is moving higher above the $3,500 zone. The price is trading above $3,520 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,450 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if there is a clear move above the $3,565 resistance zone. Ethereum Price Reclaims $3,500 Ethereum price remained in a bullish zone above the $3,350 resistance zone.....