Ethereum surged from $2,437 to $2,667 on September 11, liquidating $211 million in short positions, driven by a CPI report showing 3.4% inflation. However, the price quickly fell back below the $2,500 resistance level, suggesting the breakout was a liquidity hunt rather than a sustained move. Analysts warn this could be a bearish trap, with a possible drop toward $2,100 if the price breaks below $2,380. Traders are advised to be cautious as the bullish breakout failed to hold, indicating potential downward pressure ahead.
In September, Kalshi's 15-minute gold trading contracts reached 542 million trades, exceeding Ethereum's 318 million and generating about $5 million in fees, nearly double Ethereum's $2.6 million. Bitcoin remains the dominant asset on the platform, p...
Ethereum (ETH) exchange-traded funds (ETFs) experienced their biggest outflow in three weeks on October 6, with $201.9 million withdrawn, marking the sixth consecutive day of outflows totaling $407.8 million since September 29. Despite initial price ...
Bitcoin fell below $85,000 after failing to break past $87,000, triggering over $550 million in liquidations, mostly from long positions. This price drop tested a key support range that has held since late September. If buyers defend the $85,000–$86,...
Ethereum's price fell below $2,600 following the deployment of the Glamsterdam upgrade on the Sepolia testnet, marking a key step before mainnet implementation. This upgrade increases the gas limit, allowing more transactions per block. The price dro...
Ether (ETH) traded down nearly 3% to around $2,617, facing strong resistance near $2,778 and support near $2,564. Technical indicators suggest weak short-term momentum, with sellers dominating and buyers hesitant. After gains in August and September,...
