Bears Dominate Global Crypto Market as Ethereum Hits Critical Levels
Large ETH whale transfers hint at possible sell-offs and repositioning. RSI at 47.33 shows bearish sentiment, with potential for further declines.
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Large ETH whale transfers hint at possible sell-offs and repositioning. RSI at 47.33 shows bearish sentiment, with potential for further declines.
Ethereum‘s renewed price momentum appears to be slowing down as bears have taken control of the market once again. Despite the waning price strength, several crypto analysts are still bullish about the crypto asset's trajectory, predicting that ETH could be set to rally in the short term.
With the crypto altcoin market cap excluding Bitcoin falling down to $909.91 billion, Ethereum and Solana witness a major crash. The altcoin market has dropped by nearly 7% in the past three days, with Ethereum and Solana approaching crucial support levels.
With the crypto altcoin market cap excluding Bitcoin falling down to $909.91 billion, Ethereum and Solana witness a major crash. The altcoin market has dropped by nearly 7% in the past three days, with Ethereum and Solana approaching crucial support levels.
The leading provider of ETFs in the digital assets space, WisdomTree has gained market traction with its recent Bitcoin and Ethereum transfers. Notably, this movement comes as both the top two crypto by market cap noted sharp price declines over the last 24-hour timeframe.
Ethereum's price has been struggling to gain upward momentum for months, as it experienced a dip to around $ 2,500. Meanwhile, Veteran crypto trader Peter Brandt now warns of an even steeper decline, predicting a potential drop to $1,550 amid continued weak buying interest.
Paxos launched the USDG stablecoin in response to institutional demand for a fully regulated stablecoin.
Peter Brandt, considered by many as a trading legend, and whose insights are followed by many with special attention, has released a new review of the Ethereum price. It is difficult to call it positive, to say the least.
Ethereum recent performance in the futures market is generating optimism among traders and analysts, according to insights shared by CryptoQuant analyst ‘ShayanBTC.' As the second-largest crypto by market capitalization, Ethereum has garnered notable attention following an uptick in funding rates—a measure used to gauge the demand balance between buyers and sellers in futures contracts.
Today's Crypto Market crash lead to $277,480,000 liquidation. Liquidation refers to the forced closing of positions. Long liquidations happen when BTC prices fall sharply, forcing traders betting on a price increase to sell. The Bitcoin market has seen the highest liquidation of $88.40M in the last 24 hours, with long liquidations totaling $79.
Research explores how transaction ordering policies affect arbitrage profitability on Ethereum Layer 2 solutions, highlighting the efficacy of time-advantaged strategies.
The world's largest altcoin Ethereum (ETH) continues to remain in the bear grip while failing to sustain above $2,600 for a long time. Amid the broader crypto market correction, the Ethereum price has slipped another 5.5% and is currently trading at $2,509 levels with a market cap of $302 billion.
The crypto market will witness $2.29 billion in Bitcoin and Ethereum options contracts expire today. This massive expiration could impact short-term price action, especially as both assets have recently declined.
Ethereum Devcon SEA 2024 is set to welcome 12,000 attendees. The schedule is now live, offering over 300 hours of content.
The crypto prices today have again sparked mixed investor sentiments, illustrating fluctuating trajectories. Bitcoin (BTC) price waned back to the $69K level today, whereas Ethereum (ETH), Solana (SOL), and XRP prices traded dominantly in the red zone.
Ethereum price started a fresh decline from the $2,720 resistance. ETH is back below $2,550 and might struggle to start a fresh increase in the short term.
Ethereum price resumed its downward trend this week as odds of Donald Trump winning next week's general election retreated. Ether fell to $2,500, a few points below this week's high of $2,725.
Ethereum leads in active addresses with 43% dominance. ETH has experienced an uptrend over past week hiking by 3.74%.
Tim Robinson, Head of Crypto Research at BlueYard Capital, has unveiled groundbreaking simulations indicating that Ethereum's implementation of “blobs” could be exceptionally bullish for the long-term price of ETH. In a series of posts on X, Robinson highlighted how blobs could revolutionize Ethereum's scalability and economic dynamics.
High-performance blockchain Solana (SOL) has garnered attention for significant inflows from other blockchains, with its total value locked (TVL) surging as a result of these inflows. An examination of the data, however, shows a more nuanced picture, with Ethereum (ETH) recovering 42% of Solana's inflows.
Gold and silver are halfway into a “decade-long bull market,” and Bitcoin is one narrative catalyst away from rallying to $100,000, according to 1971 Capital CIO Brian Russ.
Technical analysis suggests the days of the Ethereum price consolidation might be over very soon. At the time of writing, Ethereum is trading with a 0.07% gain in the past 30 days, which reveals the current consolidation situation it finds itself under.
After a bearish start, Ethereum (ETH) has traded within a narrow range through October, facing resistance at $2,736 and finding support at $2,326.
Crypto enthusiasts and investors' confidence in a major rally for Ethereum, the second largest digital asset, has grown strongly following ETH's renewed price performance, triggered by a rising optimistic sentiment in the general cryptocurrency market.