Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently experienced a significant price movement as it fell below the 4-hour Simple Moving Average (SMA). This shift in price has caught the attention of traders and investors, signaling a potential change in market sentiment from bullish to bearish. While technical analysis is crucial in understanding
Ethereum
Recently, Ethereum experienced a downside correction from the $3,885 resistance zone, causing the price to drop below $3,800. This correction was initiated after the cryptocurrency failed to clear the $3,880 resistance level. As a result, Ethereum is now trading below $3,840 and the 100-hourly Simple Moving Average. Additionally, a key bullish trend line with support
Asset manager VanEck recently made headlines by revising its prediction for Ethereum (ETH), suggesting that the second-largest cryptocurrency could reach a staggering $22,000 by the year 2030. This substantial increase from their previous estimate of $11,800 shows a significant bullish sentiment towards the future of Ethereum. VanEck pointed out that the anticipated launch of Spot
Recent data has revealed a significant drop in the supply of Bitcoin (BTC) and Ethereum (ETH) on exchanges. According to BTC ECHO analyst Leon Waidmann, exchange balances for both Bitcoin and Ethereum are currently at their lowest levels in years. The supply of Bitcoin on exchanges has decreased to 11.6%, while the supply of Ethereum
The recent approval of Ethereum Spot ETFs by the US Securities and Exchange Commission has sparked a flurry of activity among asset managers. Several prospective issuers have filed amended versions of their S-1 forms, with Franklin Templeton leading the pack by revealing a sponsor fee of 0.19% for its Ether spot ETF. Sponsor fees play
The recent surge in Ethereum whale activity has caught the attention of the cryptocurrency world. These large investors, known as Goliaths in the market, have been flexing their financial muscles in response to the green light for spot Ethereum exchange-traded funds (ETFs) from the US Securities and Exchange Commission (SEC). According to a report by
In the world of cryptocurrency, Ethereum (ETH) has seen a significant technical breakout recently, signaling a potential market surge. Analysts have noted that Ethereum has broken free from a bearish pattern known as the “falling wedge,” and has successfully flipped key resistance levels into support zones. This breakout has paved the way for Ethereum to
Following a crucial week for Ethereum, there is a technical candlestick arrangement that indicates a possible sharp upturn in ETH prices in the upcoming weeks and months. One analyst pointed out events in the monthly chart where the ETH/BTC ratio reversed from a multi-year support trend line. This is significant because altcoin prices typically react
The recent approval of the Ethereum Spot ETF has sparked a wave of speculations regarding the potential performance of these funds once they hit the trading floor. Analysts and experts in the industry have shared their thoughts and predictions on the level of investments these ETFs could attract, particularly in comparison to their Bitcoin-based counterparts.
In recent days, Ethereum has been trading within a consolidation zone with prices fluctuating between $3,949 and $3,627. This consolidation phase follows a significant rally that occurred a few days ago, leading to a price surge of over 10%. The movement of prices within this range indicates that Ethereum is building momentum for a potential
