Ethereum (ETH) has fallen about 12% from its recent peak of $2,420 to around $2,130, pressured by rising US Treasury yields and significant outflows from Ethereum ETFs. The surge in yields draws capital to safer assets, while $33 million in ETH ETF redemptions on May 21 added selling pressure. Geopolitical developments hinting at a US-Iran ceasefire have lowered oil prices, which could indirectly benefit ETH by reducing the likelihood of Fed rate hikes. However, Ethereum faces technical challenges with key support at $2,080; a breach could trigger further declines toward $1,800 amid over $1.7 billion in leveraged long positions vulnerable to liquidation. Market sentiment remains cautious as ETH struggles below major moving averages and bearish momentum builds.
On May 22, 21,000 Bitcoin options expired with $1.6 billion in notional value, and 129,000 Ethereum options expired with $280 million in notional value. The data indicated reduced trading activity, lower implied volatility, and defensive positioning ...
Tokens linked to real-world assets (RWA) and stable-value tokens reached new all-time highs recently, even as major cryptocurrencies like Bitcoin and Ethereum remain significantly below their previous peak prices. This divergence highlights a fragmen...
Ethereum's price briefly rose above the $2,100 level but is now consolidating, showing signs of weakness. This fragile bounce suggests the cryptocurrency may struggle to gain further upward momentum. Investors should be cautious as another selloff co...
Top crypto futures traders increased bullish exposure to Solana, with a notable 4.72 percentage point rise in USD-margined long positions, signaling strong risk appetite. Dogecoin and XRP also maintained heavy long positions across margin types, whil...
Cryptocurrency markets display varied price changes, with Bitcoin trading around $77,563, showing a modest 0.44% increase. Ethereum and Binance Coin also rise slightly, while some altcoins like NEAR and LIT experience significant gains of over 10%. T...
