Ethereum Sees Full Structural Liquidity Reset, Has ETH’s Price Reached A Bottom?
Ethereum has been on a downward trend since hitting a new all-time high in August. However, this decline in price was hastened by the robust market crash on October 10. After the prolonged period of bearish performance and steady pullback, the altcoin is finally experiencing a complete reset of its liquidity. A Clean Slate For […]
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Ethereum (ETH) has been on an uptrend since September 28, surging from around $3,800 to the mid $4,000 range at the time of writing. According to recent data from Binance, ETH went through a “reset” during the second half of September and early October, and may now be eyeing the $5,000 price level. Ethereum Reset Over, New Highs Soon? According to a CryptoQuant Quicktake post by contributor Arab Chain, ETH underwent a healthy reset over the past few weeks. While the digital asset initially dropped to $3,800 – $3,900 range, it is now trading in the mid $4,000 level. Related Reading:....
As Ethereum (ETH) trades slightly above $4,300, some crypto analysts opine that the cryptocurrency’s current trend shows enough structural health. However, they also caution that a lack of funding rates across exchanges means low demand for ETH, which may limit its breakout momentum. Ethereum’s Latest Rally Shows Structural Strength According to a CryptoQuant Quicktake post by contributor ShayanMarkets, Ethereum’s funding rates across exchanges are relatively muted when compared to the digital asset’s last three major highs. Related Reading: Ethereum Eyes $5,500 Amid Illiquid Supply....
Earlier today, Ethereum (ETH) slid below the psychologically important $4,000 level for the first time since August 8. The fall in ETH’s price can be attributed to a mix of macroeconomic, structural, and crypto-specific factors. Ethereum Dips Below $4,000, Analyst Explains Why According to a CryptoQuant Quicktake post by contributor Arab Chain, ETH’s latest descent below $4,000 can be blamed on a complex mix of factors. First, a strong US dollar, coupled with the Federal Reserve’s (Fed) cautious stance following its September rate cut, dampened risk appetite. Related Reading: Ethereum....
The crypto market has returned to the green with Ethereum (ETH) leading the recovery. The second crypto by market cap has seen bullish momentum on the back of a potential full transition to a Proof-of-Stake (PoS) consensus. The date for this event was announced two days ago. Related Reading | TA: Ethereum Outpaces Bitcoin, Why ETH Could Rise To $1,500 This process will be completed with “The Merge”, an event set for September 19, 2022, with the objective of combining Ethereum’s execution layer with its consensus layer. ETH core developers have successfully carried out this process on....