Ethereum

Ethereum price started a recovery wave from the $2,400 zone. ETH is now struggling to gain pace for a move above the $2,600 resistance zone. Ethereum started a recovery wave above $2,500 and $2,550. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above $2,485 to start another increase…

Ethereum is steady at press time, as is visible in the daily chart. Even though prices are floating above $2,500, ETH bulls are still weak. The coin remains inside the bear bar of August 27, technically inside a bear formation. From price action, it would take effort for bulls to take charge in the short term. A convincing high volume close above $3,500 would signal a rapid trend shift beneficial for holders. Will Ethereum Bears Press On? Traders Monitoring This…

After touching recent highs of $64,653 for Bitcoin and $2,815 for Ethereum, in a sudden move backward, the cryptocurrency market had sharply backpedaled on Thursday, with Bitcoin shedding more than 6% and Ethereum dropping more than 7%. This sudden fall has left many analysts and investors wondering about the future course of some of the top digital assets, hence underlining how volatile the market is wrought by macroeconomic events and changing mood among investors. Crypto’s latest retrace is coming after…

Amid Ethereum’s continuous free fall in price, renowned crypto analyst Michael Van De Poppe highlighted the asset’s current weakness in a post on X earlier today and when there could be a potential rebound. Van De Poppe’s outlook comes at a time when Ethereum, the second-largest cryptocurrency by market capitalization, has continued to experience significant downward pressure, much like its counterpart, Bitcoin. In the past 24 hours, ETH has seen a decline of 3.7%, bringing its current trading price to $2,491. Ethereum…

Ethereum price tested the $2,400 zone and recovered some losses. ETH must clear the $2,550 resistance zone to start a decent increase in the near term. Ethereum started a consolidation phase after a sharp decline to $2,400. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,555 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if it…

The post Crypto Analyst Alert: Last Time to Buy XRP, ADA, and this Ethereum Token Before This Happens appeared first on Coinpedia Fintech News After generating massive weekly gains, top altcoins like Ripple (XRP) and Cardano (ADA) have performed variably. Still, a crypto analyst believes buying XRP, ADA, and RCO Finance (RCOF), an emerging Ethereum token, is a wise investment decision before the crypto market’s rally continues.  Why does this analyst recommend investing in XRP, ADA, and RCO Finance’s Ethereum…

Joe Consorti, an analyst at The Bitcoin Layer and advisor to self-custody app Theya, released an incisive critique on the future of Ethereum in comparison to Bitcoin, shedding light on why he believes Ethereum is facing a “slow and painful death.” Published on X, his analysis titled “The Slow & Painful Death of Ethereum” compares the two leading cryptocurrencies, emphasizing significant underperformance and declining market interest in Ethereum. Why Ethereum Is ‘Dying’ Consorti begins his analysis by highlighting the stark…

The post $26B in Bitcoin and Ethereum Leave Exchanges, Sparking Supply Fears! appeared first on Coinpedia Fintech News In a sudden shift in the market mood, more than $26 billion worth of Bitcoin and Ethereum have been extracted from the centralized exchange since January 2024. However, only $9.1 billion worth of USDTether has flowed in. This sudden rise in the outflow of Bitcoin and Ethereum from the leading cryptocurrency exchanges signals a shift in market sentiments. Further, the Bitcoin miners…

The post Wintermute’s $43M Ethereum Transfer to Binance Signals Big Market Move! appeared first on Coinpedia Fintech News As the Ethereum price continues to fall for the third consecutive day, Ethereum hits $2460, accounting for an 8.30% drop yesterday. With the third consecutive bearish candle, $ETH registered an 11.22% fall and currently trades at $2477, with a minor recovery of 0.78%. Amid the sell-off rally, Wintermute, a prominent market maker, and a well-known Ethereum Whale, decided to move 14,759 ETH,…