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.
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Arthur Hayes reversed his crypto strategy by purchasing over $3.7 million worth of Ethereum after selling 6,000 ETH at a loss of about $606,000 just weeks prior. This move follows his pattern of bold crypto trades and quick exits, which have drawn cr...
Ethereum is gaining strength, trading near $1,920 after surpassing its 26-day and 50-day EMAs, signaling renewed buying interest. The next key resistance is the 100-day EMA at around $1,944; a daily close above this could lead Ethereum toward the 200...
ETHSystems, a new Ethereum-focused non-profit backed by Bitmine Immersion Technologies and Ethereum co-founder Joe Lubin, aims to enhance privacy on the Ethereum network for institutional use. This marks the third non-profit stepping in as the Ethere...
