Ethereum surged about 5% to $2,508 on September 4, driven by easing US-Iran conflict concerns and reduced expectations for a Federal Reserve rate hike. Spot Ethereum ETFs in the US saw a sharp reversal with $141.39 million in inflows, led by BlackRock and Fidelity products, reflecting renewed investor interest. The price is approaching a key resistance level at $2,560, with analysts noting a weekly close above this could trigger a rally toward $3,000. Meanwhile, a strong short squeeze liquidated $82.41 million in bearish bets, indicating bullish momentum, though recent data shows increased volatility with some long position liquidations.
Ethereum price recovered from about $2,370 to above $2,520 within 24 hours, rising nearly 6%. The rebound coincided with a broader crypto rally and easing expectations for US interest rate hikes. However, ETH faces strong resistance near $2,550, a le...
An Ethereum whale sold 167,855 ETH worth about $408 million over five days, fully exiting its position. Despite this large sale, Ethereum's price recovered and traded above $2,500, gaining 4.3% in 24 hours. Meanwhile, Invesco ETF clients have continu...
Bitcoin and Ethereum are expected to see a strong fourth quarter with Bitcoin potentially reaching $150,000, according to Fundstrat's Tom Lee. He believes the crypto market turbulence from earlier in the year has ended, with key catalysts aligning fo...
Bitcoin surged 6.8% to $82,200, its highest level since May, following dovish comments from Federal Reserve Governor Christopher Waller that reduced expectations of a September rate hike. This shift weakened the US dollar and boosted risk assets, lif...
Bitcoin surged to an intraday high of $82,108 before settling near $81,050, marking a 4.5% gain amid an ongoing rally. Despite this strong performance, Fidelity Digital Assets cautions that the rally alone does not confirm the end of the bear market....
