Ethereum Likely Set Its Local Low for the Year as Buyers Defend $500
Ethereum has been flashing signs of immense strength today, with the cryptocurrency surging up towards $550 as bulls try to erase the recent losses that came about due to the recent market-wide selloff. This comes as Bitcoin also shows some signs of strength, with the benchmark cryptocurrency navigating towards $18,000 following its recent decline that […]
Related News
Ethereum price tried to rise on its daily chart at the time of writing. Over the last 24 hours, ETH rose by 2%, price action continues to be mundane. In the last week, the Ethereum price fell by 21%. Technical indicators pointed towards continued bearishness. Buying strength declined substantially, which has pushed the price of Ethereum closer to its immediate support line. If buyers do not defend the closest support line, then Ethereum could head for a further decline on its one day chart. For the bearish thesis to be invalidated, ETH has to hop past several resistances. Selling dominance....
Ethereum has entered a volatile phase after breaking its 2021 all-time highs last week, sparking both excitement and caution across the market. After the surge, ETH retraced and tested critical demand levels, where buyers stepped in to defend support. Bulls are showing resilience, with analysts pointing to the possibility of Ethereum rallying past $5,000 in […]
Ethereum has seen some brutal price action throughout the past few days and weeks, with the selling pressure seen in the $1,300 region proving to be quite intense It is important to note that Bitcoin has been creating massive headwinds for Ethereum as of late, with buyers being unable to guard against an intense decline One trader is now noting that where the market trends next will likely depend on whether bulls can defend $1,000 […]
Bitcoin has slipped below the $100,000 mark, now trading around $97,000 for the first time since May, as selling pressure intensifies across the market. Bulls are struggling to defend critical support, and sentiment has turned decidedly fearful, with traders scaling back leverage and rotating into stablecoins amid heightened volatility. Despite this weakness, on-chain data suggests that large buyers may already be positioning for a potential rebound. Related Reading: $1.33B Ethereum Whale Just Moved Another $120M USDT to Binance – Details According to CryptoQuant analyst Maartunn, massive....
Ethereum is navigating renewed volatility after weeks of relentless gains and bullish momentum. The world’s second-largest cryptocurrency surged to its highest levels in years, but bulls are now locked in a battle to defend the $4,200 mark. This price point has emerged as a crucial short-term support, with institutional buyers continuing to accumulate ETH despite […]