Ethereum

Ethereum price is struggling to clear the $3,840 resistance zone. ETH could gain bullish momentum if it clears the $3,840 and $3,880 resistance levels. Ethereum is holding gains above the $3,720 level. The price is trading above $3,750 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support near $3,760 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close below the…

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Ethereum gained 4% over the weekend to trade above $3,800 but remains stuck below this level, with ETH bulls targeting a rally to $5,000 in June, driven by ETF demand and the consequent shrink in supply. Ether bulls have been withdrawing ETH from exchanges en masse for two weeks now in anticipation of a price boost from the looming launch of Ethereum ETFs. Ethereum started the month on a high, gaining close to 4% over the weekend to peak at…

Ethereum (ETH) saw a significant upswing at the end of May due to the rumors of a spot ETH ETF (Exchange-Traded Funds) approval in the US. This bullish momentum propelled the token’s price from the $3,000 price range to the $3,900 mark. After the approval, the second-largest cryptocurrency has shown a strong performance, consolidating between the $3,700 and $3,800 levels. Some crypto analysts believe ETH is preparing for a crucial test and eye bullish targets above the $10,000 price range…

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The post Expert Predictions: Crypto Market Boom with Ethereum Spot ETF Launch appeared first on Coinpedia Fintech News Anticipation is high as the introduction of Ethereum spot ETF trading is set to transform the market. Analysts suggest that this development could trigger a significant market surge. The current bullish trend adds more excitement to the mix. Experts are closely watching the potential impact and opportunities that this launch might bring. Investors and enthusiasts are keen to see how this event…

Ethereum price is showing a few bearish signs below the $3,840 support. ETH could gain bearish momentum if there is a clear move below $3,700. Ethereum extended its decline and tested the $3,700 zone. The price is trading below $3,840 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support near $3,780 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is…

While uncertainty surrounds the direction of Bitcoin and Ethereum prices, fundamental factors such as ETFs, halving events, macro conditions, etc. provide confidence for bullish trends ahead. Technical indicators like the Supertrend, moving average crossovers, and the Aroon indicator suggest that both BTC and ETH are currently in bullish trends. The two largest cryptocurrencies. – Bitcoin and Ethereum – have been hovering in a very tight range while the rest of the altcoins have been showing strong momentum. Numerous traders and…

Recent data shows that the supply of Bitcoin (BTC) and Ethereum (ETH) on exchanges has dropped significantly. This means the largest crypto tokens by market cap could be well-primed for significant moves to the upside, with a supply squeeze imminent.  Supply Of Bitcoin And Ethereum Drop To New Lows BTC ECHO analyst Leon Waidmann shared Glassnode data, which showed that exchange balances for Bitcoin and Ethereum are at their lowest in years. Bitcoin’s supply on exchanges has dropped to 11.6%,…