Ethereum Hits Multi-Year Accumulation High While Price Action Remains Under P...
Ethereum saw a brief bounce on Thursday, but the $2,000 price level proved once again to be a formidable resistance zone, rendering the bullish move void as it pulls back toward $1,900. This brief bounce might be linked to renewed sentiment of investors toward accumulation, which appears to have reached key levels not seen in […]
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A crypto analyst, who publishes technical analysis to his audience on X, has released a zoomed-out weekly Ethereum chart that interprets the current price weakness as the final stage of a multi-year accumulation cycle. As it stands, the Ethereum price is trading around $2,100 and 57% below its peak. Therefore, the technical analysis is suggesting that […]
In the midst of the waning action of the Ethereum price, investor sentiment, especially those on centralized exchanges, appears to be holding remarkably strong. Despite experiencing a pullback, causing ETH to lose the $3,000 price mark, the overall supply of the altcoin on cryptocurrency exchanges has fallen sharply, reaching a new multi-year low. Exchange-Held Ethereum […]
Solana is approaching a pivotal moment as price continues to defend a key multi-year support zone near the $79 level. After months of consolidation and repeated failed breakouts, growing signs of accumulation are now fueling speculation that SOL could be preparing for its next major upside attempt. SOL’s $79 Support Emerges As The Most Critical Level On The Weekly Chart Strategist Scient identifies two critical price levels that define Solana’s macro landscape: the 2024 low at $79 and the impulsive high at $210. This $210 level is particularly significant, as it marks the peak of the 2021....
Ethereum (ETH) has experienced a notable pullback after a brief period of upward momentum earlier this month. The asset, which surged past the $2,800 level in mid-June, has since declined by 8.7% over the past week, now trading at around $2,498. This retreat follows broader market consolidation, as Ethereum struggles to maintain upward pressure despite strong on-chain activity. Related Reading: Ethereum Consolidation Continues – Altseason May Follow A Clean Break Above Resistance Ethereum Staking and Accumulation Trends While ETH’s price action has turned negative, on-chain....
Ethereum is navigating a critical phase in the market after shedding more than 14% of its value since September 13. The second-largest cryptocurrency has entered a corrective stage following weeks of strong price surges that carried it to multi-month highs. Despite the recent downturn, sentiment among analysts and investors remains cautiously optimistic, with many expecting […]