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Despite being considered extremely expensive, the Ethereum blockchain has remained one of the top networks in the dynamic world of cryptocurrencies. However, the leading blockchain has undergone a major shift as its overall transaction fees plummeted significantly to levels not seen in years.
Daily traders on Ethereum DEXs have dropped sharply to a 12-month low, reflecting a broader cooling in the crypto market and waning speculative activity.
ETH whales are also buying the dip.
Ethereum (ETH), the leading altcoin by market capitalization, keeps collapsing against Bitcoin (BTC).
A widely followed crypto analyst says Bitcoin (BTC) may be on the verge of a massive bullish reversal after correcting into the $70,000 range. Closely followed strategist Credible Crypto tells his 466,700 followers on the social media platform X that Bitcoin may be printing a bullish triple-bottom reversal pattern on the four-hour chart.
Economic tensions are still putting pressure on the crypto market. Tariffs introduced by the Trump administration have led declines in many altcoins, including Ethereum, which is currently struggling and trading in a bearish zone. Analysts predict Ethereum's price may stay within a narrow range if these economic conditions continue.
Cryptocurrency markets are down on Tuesday, amid the White House announcing a 104% tariff on Chinese goods, further intensifying fears of a global trade war. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $76,817.60 -2.1% Ethereum (CRYPTO: ETH) $1,465.08 -5.6% Solana (CRYPTO: SOL) $105.02 -0.9% XRP (CRYPTO: XRP) $1.83 -3.3% Dogecoin (CRYPTO: DOGE) $0.1441 -2% Shiba Inu (CRYPTO: SHIB) $0.00001073 -5.2% Notable Statistics: IntoTheBlock data shows large transaction volume increasing by 75.8% and daily active addresses growing by 16.2%.
Ether (ETH), the native token of Ethereum, is showing signs of bullish exhaustion after a steep 65% decline over the past three months. The pace of the downtrend and the oversold conditions shown by various ETH price metrics have investors wondering if a market bottom is approaching.ETH fractals point to a drop to $1,000 Ether's current price action mirrors a familiar fractal pattern seen in 2018 and 2022.
Ethereum (ETH) and Cardano (ADA) have shed their early gains in the past few hours after the White House gave China an ultimatum to remove their retaliatory tariffs or otherwise face a 104% levy.
The price of Ethereum fell to a low of $1,411 on April 7. The largest altcoin has breached the support level of $1,750.
TL;DR The new 104% tariff hike imposed by the United States on Chinese products has intensified the trade conflict and triggered a sharp reaction across the markets. Bitcoin fell to $77,400 and Ethereum to $1,480, while more than $1.5 billion was liquidated in a single day.
Bitcoin and Ethereum collapse after White House confirms historic 104% tariffs on all Chinese goods.
Ethereum (ETH) is down almost 6% in the last 24 hours, intensifying a week of sharp declines. With the price below $1,500, market watchers are increasingly questioning whether ETH could fall to $1,000 in April.
Ethereum (ETH) appears bearish and is poised for a massive price crash in the coming days due to the current market sentiment and bearish price action. The past few months have been unfavorable for the overall cryptocurrency market, which has experienced a significant downward trend.
Ethereum price has been on a freefall this year, making it one of the worst-performing major cryptocurrencies. Ethereum (ETH) has dropped for three consecutive weeks, falling to its lowest level since March 2023.
XRP's potential rise could reshape the crypto landscape, challenging Ethereum's dominance and influencing regulatory and investment trends. The post XRP could rocket over 500% and outrank Ethereum by 2028: Standard Chartered appeared first on Crypto Briefing.
An analyst who nailed Ethereum's 2021 top at $4,800 and Solana's recent run to $295 has switched the focus to Mutuum Finance (MUTM), predicting an explosive bear market rally toward $5 for the DeFi token currently trading under $0.05. The forecast comes as MUTM's presale speeds through Phase 4, already raising $6.
Analysts are watching for a repeat of past patterns where ETH rebounded massively after dipping below realized price.
Crypto Market Outlook: Bears Maintain Control as Key Levels Come Under Fire
TL;DR An Ethereum whale reactivated their wallet after seven years and transferred 2,000 ETH to Kraken, raising concerns about potential mass sell-offs in an already weakened market.
The only federally chartered digital bank in the U.S. was tapped by the world's largest asset manager.
Welcome to the US Morning Briefing—your essential rundown of the most important developments in crypto for the day ahead.
On Monday, ethereum's value plummeted to its lowest point since March 2023, slipping to $1,409 per token. The past month has proven particularly challenging for the cryptocurrency sector's second-largest asset by market capitalization, which has contracted by 29.6% over the preceding 30-day period.
Ethereum hits a 2-year low while Bitcoin and XRP hover at key support zones. Will crypto bulls defend or fold this week?
