Ethereum's price rose 11.7% in the past week, triggering over $300 million in short liquidations. However, on-chain data shows a shift of assets back to exchanges, indicating holders might be preparing to sell. Other metrics like declining open interest and a negative Coinbase Premium Index suggest bearish sentiment among investors. Despite recent gains, these trends point to potential further price declines for Ethereum.
Veteran trader Peter Brandt predicts Ethereum (ETH) could eventually climb to $8,600 if it first surpasses the $5,000 mark. Currently trading around $2,700, ETH would need to gain about 84% to reach $5,000, which Brandt identifies as a key long-term ...
Ethereum recently broke above a key resistance level around $2,661, holding near $2,750 and setting sights on the $3,000 mark. The move follows a bullish pattern and is supported by a tightening supply, with exchange reserves at a multi-year low and ...
Bitcoin and Ethereum face a combined $18 billion options expiry on Friday, with Bitcoin's $16 billion expiry potentially shifting market dynamics. More than half of Bitcoin's $9.4 billion call options are in the money, indicating bullish bets, while ...
The FTX bankruptcy estate transferred 27,372 ETH, worth about $75.32 million, to market maker Wintermute through six wallets. This move is part of ongoing liquidation efforts to pay creditors, who have received roughly $11 billion across five distrib...
Ethereum maintained strong support around $2,760 after a 14% weekly rally, boosted by $413.8 million inflows into U.S. spot Ethereum ETFs over two days. Large holders and BitMine expanded their ETH holdings significantly, signaling confidence. Techni...
