3 signs Ethereum price is in trouble below $2,500
Ethereum has struggled to sustain a rally above $2,500 and data suggests that more downside could be on the way for ETH price.
Keep up with what's happening in the crypto world in real-time.
Ethereum has struggled to sustain a rally above $2,500 and data suggests that more downside could be on the way for ETH price.
Researchers Justin Drake and Dankrad Feist stirred up controversy in May after revealing they'd received large token payouts from EigenLayer.
Ethereum (ETH) is currently hovering around critical support and resistance levels, with recent trading activity suggesting that a breakout or breakdown might be on the horizon. Ethereum Looking at the daily chart, ethereum (ETH) has trended downward since hitting a high of $2,769.4 in Oct.
A closely followed crypto analyst says there is a good chance that Ethereum (ETH) may enter a final capitulation in the coming weeks.
Sui has emerged as a noteworthy competitor in 2024, recently eclipsing both Solana (SOL) and Ethereum (ETH) in terms of net inflows. This significant achievement not only highlights Sui's growing influence but also raises questions about the future trajectory of its price amidst current market dynamics.
A newly created Gemini multisig custody wallet bets big on four crypto recently, sparking market speculations. The wallet created just 18 days ago, spent more than $113 million to accumulate Ethereum, SHIB, PEPE Coin, and LINK crypto.
The low demand for Ethereum among institutional investors will soon change as Bitcoin dominance hovers around a major psychological resistance level.
It's called the “UBS USD Money Market Investment Fund Token” or “uMINT.” This fund is based on a technology called blockchain, specifically using Ethereum's distributed ledger technology.
Bitcoin (BTC) briefly fell below $68,000, plunging to a low of $67,574 on Sunday as buyers struggled to hold on to $68,000 following the emergence of mixed signals. The drop marks a significant pullback from above $73,500, with recent daily candles representing considerable selling pressure, indicating a bearish outlook.
All eyes are currently on the world's largest altcoin Ethereum (ETH) as it strongly defends the crucial support levels of $2,400. The Ethereum price reversed its trajectory shooting past $2,500 over the weekend with analysts stating that ETH has taken the perfect support and is gearing up for a nearly 2.5x rally to $6,000 ahead.
With a bullish failure to sustain the early price to $73,600 last week, Bitcoin (BTC) closed at a 1.18% weekly return at a price of $68,738. The bearish turnaround resulted in a 0.64% decline in the total market and a 4% drop in altcoin market excluding Bitcoin and Ethereum.
Ethereum has factored in a modest price increase of 0.54% in the last 24 hours. The altcoin has failed to show significant price movements after the August market crash.
Long-term holders' confidence in Ethereum could push it to new highs in the coming months.
Global financial powerhouse UBS Asset Management launched its first tokenized investment fund on the Ethereum blockchain.
Ethereum's recent market activity reveals a holding pattern among large holders, often referred to as “whales.” These influential players have taken a step back as ETH's price remains stuck in a consolidation zone, dampening hopes for a breakout.
Popular cryptocurrency analyst Ali Martinez expressed bullish sentiments on Ethereum (CRYPTO: ETH), citing an attractive risk-to-reward ratio. What Happened: In an X post on Monday, Martinez stated his optimism toward the second-largest cryptocurrency, highlighting its potential for a long position.
Ethereum price started a fresh decline below the $2,550 support. ETH is struggling and might recover if it clears the $2,500 resistance zone.
“Just as Amazon evolved beyond books to redefine entire industries, Ethereum may also surprise us with revolutionary use cases that we can't fully envision today,” one 21Shares executive said.
Leading cryptocurrencies retraced over the weekend as the probability of Donald Trump winning the presidential election fell sharply in prediction markets.
A recap of Ethereum in the last three months as it struggles to overcome its consolidation zone.
The corporate earnings season unfolds, insights from major players in the crypto market, like Coinbase, provide valuable information about the performance of leading cryptocurrencies. The latest quarterly report from Coinbase covers the period from July to September 2024, shedding light on the competition between Bitcoin and Ethereum—two of the most significant assets in the cryptocurrency space.
Bitcoin's volatility is expected to pick up after the US elections, and charts suggest that ETH, DOGE, LTC and XMR could be the first to follow.
What's next for SUI price as it outperforms Solana and Ethereum on net flows.
Metawin, a crypto casino, got hit hard today. Hackers exploited it for more than $4 million in Ethereum (ETH) and Solana (SOL).