Ethereum (ETH) has dropped below its 200-hour Simple Moving Average (SMA), indicating weakening bullish momentum and increasing seller control. The price recently fell from around $1,720 to the mid-$1,600 range, with $1,580 identified as the next major support level. Technical indicators like MACD and CMF suggest a bearish environment with mild selling pressure, while the RSI nears oversold territory, hinting at a possible short-term relief bounce. If ETH fails to hold support, it could decline further toward $1,514, but a recovery above the 200-hour SMA would signal renewed buying strength.
A whale trader opened a $24.34 million leveraged position on Solana (SOL) and Ethereum (ETH), betting on a rally. The trader closed the ETH position with a $14.2K profit amid a tech sector sell-off that pressured crypto markets, leaving the $16.5M SO...
Bitcoin and Ethereum, along with several other major cryptocurrencies, experienced significant price declines, with Bitcoin falling over 4% and Ethereum dropping nearly 6%. This broad market sell-off reflects increased investor caution and volatility...
Ethereum's price dropped more than 5% to around $1,660 amid a broader crypto market decline affecting Bitcoin and other major coins. The selloff is compounded by the Ethereum Foundation's decision to cut about 20% of its workforce as part of a restru...
The Ethereum Foundation announced a 40% budget cut and a 20% reduction in staff as part of a major organizational reset. Co-founder Vitalik Buterin outlined plans to shift to a leaner, endowment-style model, reducing annual spending from 15% to 5% of...
The Ethereum Foundation has laid off 54 employees, about 20% of its workforce, as part of a reorganization to focus on critical, long-term protocol development. The new structure divides work into five clusters prioritizing core Ethereum protocol imp...
