Ethereum price remains pressured below the $2,150 resistance as spot ETF outflows exceed $340 million in six sessions, reflecting weak institutional demand amid rising U.S. Treasury yields and inflation concerns. Bitmine Immersion notably increased its Ethereum holdings by $154 million despite the downturn. Rising oil prices, which show a strong inverse correlation with Ethereum, add to the bearish sentiment. Traders now focus on the critical $2,000 support level, where a breakdown could trigger further declines, while a reclaim of $2,150 might spark a short-term rally.
Cryptocurrency investment products experienced significant outflows totaling $1.07 billion last week, ending six weeks of inflows. Bitcoin products led withdrawals with $982 million lost, followed by Ethereum with $249 million, amid concerns over US ...
Dogecoin ETFs in the US saw a 215% increase in inflows, reaching $860,960, as institutional investors bought the dip near $0.10 despite Elon Musk's delayed rollout of the X Money payment system. This surge is driven by anticipation of Musk's platform...
Bitcoin's rally toward $80,000 in early May triggered the fastest growth in BTC perpetual futures open interest seen in 2026, with Binance capturing the largest share of new derivatives capital. This surge reflects strong trader activity, with open i...
Ethereum is currently holding a crucial support level near $2,088, bouncing off the 0.5 Fibonacci retracement and a green Gaussian Channel, signaling a potential bullish trend. Analysts note that if Ethereum maintains this support, it could climb to ...
Tom Lee believes Ethereum's recent price weakness is due to macroeconomic pressures from the Middle East conflict and rising oil prices, not a fundamental flaw in the asset. He argues that as geopolitical tensions ease and oil prices stabilize, inves...
