In Brief Ethereum faces heavy selling with $570 million worth of ETH offloaded in 48 hours, signaling investor profit-taking. MACD shows a bearish crossover after seven weeks, indicating possible price decline and increased volatility ahead. ETH price hovers near $2,500 support; breaking below risks a drop to $2,344, while resistance at $2,654 must be breached…
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In Brief Ethereum has historically seen its strongest monthly returns in May, averaging a 27.36% gain, suggesting potential for a price rebound. Large investors have increased their ETH holdings by over 22% since March, indicating strong confidence in Ethereum’s long-term value. The upcoming Pectra upgrade on May 7 aims to enhance scalability and usability, potentially…
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In Brief Ethereum-backed ETFs saw their seventh consecutive week of net outflows, with $82.47 million withdrawn in the past week. ETH price dropped by 11% last week, with bearish indicators suggesting a potential drop below $1,500. Lack of institutional support and selling pressure may prevent a short-term price rebound for Ethereum. Ethereum ETFs have closed…
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In Brief Ethereum rebounds after Bybit hack but remains down 18% over 30 days, reflecting ongoing volatility. RSI recovery to 58.6 indicates renewed buying pressure, signaling potential for further price gains. Rising whale accumulation suggests growing institutional confidence, supporting a bullish outlook. Ethereum (ETH) has shown signs of recovery after a sharp decline caused by…
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In Brief Michaël van de Poppe predicts Ethereum’s bull run will resume in late 2024 and last into 2025, supported by key resistance tests. The IOMAP data shows robust support at $3,715, setting a foundation for potential rallies to $4,500 in a bullish scenario. ETH price must hold above $3,505 to confirm bullish momentum, with…
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In Brief Ethereum price-DAA divergence has dropped to the negative zone, indicating low activity on the network. Coins Holding Time also decline, suggesting that some ETH holders have sold after the price hit $4,000. Ethereum 4-hour analysis suggests that the cryptocurrency’s value could slide to $3,788 or $3,572. Several Ethereum (ETH) on-chain metrics suggest a…
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In Brief Ethereum’s 30-day MVRV ratio remains at a point far below potential market top, suggesting more upside. Previously dormant coins are also involved in transactions, reinforcing the bullish thesis around Ethereum. Analysis shows that ETH could rally toward $4,000, but could decline to $3,000 if selling pressure increases. Recently, Ethereum (ETH) showed signs of…
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In Brief Ethereum rallies 31.8%, approaching key resistance at $3,327, with whale activity at a 14-week high boosting investor optimism. LTHs are starting to potentially sell, increasing “Liveliness” but risking price pressure if liquidations persist amid bullish momentum. If ETH flips $3,327 to support, it could rise toward $3,524; failure to hold may prompt a…
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In Brief ETH price has risen over 7% in a week, though cautious whale activity suggests mixed sentiment. Positive EMA lines hint at a bullish trend, with possible gains if ETH uptrend holds steady. A large outflow of 361,000 ETH from exchanges on Oct. 25 signals long-term holder confidence. Ethereum (ETH) price has climbed more…
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In Brief About $80 million ETH has left exchanges within the last 24 hours, suggesting waning selling pressure. The number of Ethereum addresses holding at least $1 Million has increased, reinforcing the bias. ETH has broken out of a symmetrical triangle, suggesting that the cryptocurrency might rise by 23%. For the first time since September…
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