Ethereum Market Shows Signs Of Overheating Near $2,500 – Is A Short-Term Pull...
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....
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Ethereum’s short-term market structure has been flashing some signs of weakness as of late Although the cryptocurrency has mainly been consolidating and has lacked directionality, there is currently significant uncertainty within the entire crypto market This could continue perpetuating investor fear, potentially causing assets like ETH to see further downside in the days and weeks ahead One trader is particularly watching for another $300 test for the cryptocurrency, noting that although its short-term outlook is […]
Bitcoin is once again testing critical support levels after briefly losing the $100,000 mark on Tuesday, raising questions about whether the market is entering the late stages of the current cycle. Despite short-term weakness, Bitcoin continues to appear overheated, while Ethereum seems to be sending a different, more resilient signal. Related Reading: Hot Money Floods […]
As Ethereum (ETH) trades in the mid $4,000 range, the Chicago Mercantile Exchange (CME) futures open interest (OI) for the digital asset continues to hit new highs. Against that backdrop, analysts are now predicting a new all-time high (ATH) for ETH later this year. Ethereum New ATH By End Of 2025? According to a CryptoQuant Quicktake post by contributor PelinayPA, Ethereum’s CME futures OI is steadily moving towards new highs. The analyst brought attention to past data about Ethereum futures OI to predict its next move. Related Reading: Ethereum Marches Upward Without Leverage Overheating....
Ethereum currently trades for $450 as of this article’s writing, stuck in a short-term range with DeFi coins as Bitcoin has entered a phase of consolidation. Analysts are optimistic about the leading cryptocurrency due to technical signs indicating it may run back toward the highs. Bitcoin is also seen as bullish by many analysts, who […]