Why Ethereum’s Rally Isn’t Overheated – And Where Demand Must Grow Next
Ethereum has pushed above the $3,350 level, injecting fresh momentum into the market after weeks of uncertainty. Yet despite this breakout, overall sentiment remains clouded by fear, with many analysts still warning that the broader structure points toward a developing bear market. Traders now find themselves at a pivotal juncture: is this the beginning of a sustained recovery, or merely a temporary rally before further downside? Related Reading: Bitcoin Exchange Reserves Fall To Lowest Levels on Record: The Bullish Signal Most Traders Are Missing According to a new CryptoQuant report, one....
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Bitcoin has undergone a strong rally higher over the past week, reaching highs of $13,250. Looking at derivatives trends, one analyst recently postulated that Bitcoin’s price action may be overheated. The aggregated open interest and CVD of BTC futures markets are meeting notable resistances, he noted. Bitcoin May Be Overheated, Analyst Fears as Funding Rate Moves Higher Bitcoin has undergone a strong rally higher over the past week. The leading cryptocurrency has shot from $11,200, […]
Bitcoin price reached a new all-time high at $35,776 and has stagnated since. Here is a recap of the likely bear and bull cases for BTC. Bitcoin price reached a new all-time high at $35,776 on Binance on Jan. 6. Following the explosive overnight uptrend of Bitcoin (BTC), on-chain analysts are generally optimistic about the short-term trajectory. While many agree that the rally is beginning to show signs of overheating, it is not overbought just yet.The major catalyst behind Bitcoin’s strong rally has been the continuous increase in buyer demand on Coinbase. Throughout the past week,....
The current upward dynamics on Ethereum and Litecoin markets have the potential to grow into medium-term upward trends. The price of Dash is close to an important long-term level where a long-term upward trend may continue. Ethereum’s price is in a rebound after a continuous fall. This upward movement is natural, because there was no turn in the long-term scope. This rebound can grow into a turn to growth if the upward trend’s structure isn’t disrupted. The level of $7.5 is responsible for the continuation of the downward trend, provided that Ethereum’s price fortifies at it and forms a....
As Ethereum (ETH) continues to hover around the $2,500 mark, signs of market exhaustion are beginning to emerge. Analysts suggest the second-largest cryptocurrency by market cap could face a short-term pullback before attempting to break through higher resistance levels. Ethereum Showing Signs Of Overheating According to a CryptoQuant Quicktake post by contributor ShayanMarkets, ETH is beginning to show signs of an overheated rally. The analyst shared the following chart illustrating ETH’s total trading volume across various crypto exchanges. In this chart, each bubble’s size....
The bulls prevent Ethereum’s price from falling. Their active support could provoke the bears into giving up on their positions and thus leading to Ethereum’s growth. How long will this sideway movement continue? Ethereum’s price is forming a flat between two important resistance lines. The bulls’ support is clear at $10. The volume has accumulated at exactly that level, from which Ethereum’s price has been rebounding and moving up. The same can be said about the $14 mark. A similar situation is present at that level, albeit it favors the bears. They are not allowing Ethereum to grow by....