Tag Archives: ETH

Ethereum Price Faces Recovery Hurdle: Examining The Roadblocks Ahead

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Ethereum price started a recovery wave from the $3,230 zone. ETH climbed above $3,350, but it now faces strong resistance at $3,420. Ethereum started an upside correction from the $3,240 support zone. The price is trading below $3,420 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near… Continue reading Ethereum Price Faces Recovery Hurdle: Examining The Roadblocks Ahead→

This Historical Ethereum Top Signal Is Yet To Appear This Cycle

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On-chain data suggests this signal that has historically occurred around Ethereum peaks has yet to appear in the current cycle. Ethereum Foundation Wallets Haven’t Made Large Outflows This Cycle So Far In a new post on X, the market intelligence platform IntoTheBlock has discussed a pattern that Ethereum has witnessed alongside its previous market peaks.… Continue reading This Historical Ethereum Top Signal Is Yet To Appear This Cycle→

Bitwise CIO Bullish On Spot Ethereum ETFs: Envisions $15 Billion Inflows

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In a significant development for the cryptocurrency market, asset managers are eagerly preparing for the launch of new spot Ethereum ETFs, pending approval from the US Securities and Exchange Commission (SEC).  Bitwise Chief Investment Officer (CIO) Matt Hougan has weighed in on the potential of these ETFs, predicting substantial inflows into the regulated market within… Continue reading Bitwise CIO Bullish On Spot Ethereum ETFs: Envisions $15 Billion Inflows→

Ethereum Price Bottom Signal: Is a Recovery on the Horizon?

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Ethereum price extended losses below the $3,320 support. ETH tested the $3,240 support and is now eyeing a decent increase above the $3,380 resistance. Ethereum extended losses and tested the $3,240 support zone. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance… Continue reading Ethereum Price Bottom Signal: Is a Recovery on the Horizon?→

Ethereum Set For $5,000? ETH Open Interest Expanding On CME Ahead Of Spot ETFs Trading

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Ethereum is tracking lower when writing, sinking roughly 18% from March 2024 highs. Even though bears appear to be in control at spot rates, keeping the second most valuable coin below $3,700, confidence is high among analysts. ETH Futures Open Interest Rising On CME Taking to X, one of them noted that there are solid… Continue reading Ethereum Set For $5,000? ETH Open Interest Expanding On CME Ahead Of Spot ETFs Trading→

Will Ethereum Skyrocket? Crypto Analyst Predicts $6,000 By September

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Popular crypto analyst degentrading (@degentradingLSD) has made a bold prediction that Ethereum will reach $6,000 by September 2024. This prediction comes in response to an analysis by Mechanism Capital founder Andrew Kang, who expects Ethereum to underperform despite the imminent launch of US spot Ethereum ETFs. Andrew Kang’s analysis projects a continued downtrend for ETHBTC,… Continue reading Will Ethereum Skyrocket? Crypto Analyst Predicts $6,000 By September→

Ethereum Price Trims Gains as Bitcoin Slump Drags Crypto Market

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Ethereum price struggled to climb above the $3,550 resistance and trimmed gains. ETH gained bearish momentum alongside Bitcoin and tested the $3,385 zone. Ethereum is trimming gains from the $3,550 resistance zone. The price is trading below $3,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near… Continue reading Ethereum Price Trims Gains as Bitcoin Slump Drags Crypto Market→

3 Reasons To Invest In Ethereum, 1 To Stay Bitcoin-Only: Bitwise CIO

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In a recent commentary shared on X, Matt Hougan, Chief Investment Officer at Bitwise Asset Management, which ranks as the world’s largest provider of cryptocurrency index funds, detailed why investors should consider diversifying their cryptocurrency portfolio by adding Ethereum (ETH), alongside maintaining a position in Bitcoin (BTC). Hougan offered three compelling reasons for investors to… Continue reading 3 Reasons To Invest In Ethereum, 1 To Stay Bitcoin-Only: Bitwise CIO→

LayerZero’s ZRO Token Airdrop Receives Backlash For ‘Proof-Of-Donation’ Mechanism

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This week, another airdrop controversy has sent the crypto community into havoc. Omnichain interoperability protocol LayerZero recently announced its ZRO Token launch alongside an Airdrop for its community. However, investors were shocked when the protocol announced the new ‘Proof-of-Donation’ mechanism. The token’s price has dropped over 20% after launching.  LayerZero Faces Backlash For Token Airdrop … Continue reading LayerZero’s ZRO Token Airdrop Receives Backlash For ‘Proof-Of-Donation’ Mechanism→

Ethereum Price Retreats: Market Sentiment Slowly Shifts Bearish

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Ethereum price struggled to climb above the $3,650 resistance and trimmed gains. ETH is now signaling a downside break and might decline below $3,450. Ethereum is trimming gains from the $3,620 resistance zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average. There was a break below a short-term rising channel forming… Continue reading Ethereum Price Retreats: Market Sentiment Slowly Shifts Bearish→