Ethereum surged 41% in August, rising from $1,820 to $2,567, supported by $1.736 billion inflows into spot ETFs. Recently, ETH has traded in a range near $2,380-$2,530, close to a key April resistance at $2,466, signaling possible distribution. However, strong buying pressure from spot and derivatives markets, along with significant ETH withdrawals from exchanges, suggests buyers dominate and a bullish breakout above $2,530 is likely. If this breakout occurs, the next resistance zone to watch is $2,900-$3,000, while a drop below $2,380 would signal bearish risks.
On October 22, Bitcoin and Ethereum ETFs experienced a combined net outflow of $746.4 million, reversing the previous day's inflows. Bitcoin ETFs alone saw $635.6 million withdrawn, led by BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin ...
U.S. spot Ether (ETH) exchange-traded funds experienced significant net outflows of $110.6 million on October 22, following a brief inflow of $14.9 million on October 21 that failed to offset losses from the previous five sessions. From October 14 to...
Ethereum's development team has postponed the Glamsterdam upgrade on the Hoodi test network because of security concerns related to changes in gas rules that might affect existing smart contracts. This delay raises questions about the network's stabi...
An Ethereum wallet that had been inactive for 9.5 years transferred 3,000 ETH to the Kraken exchange on October 22. When these tokens were withdrawn from Gemini in 2017, they were valued at $19 each, totaling about $56,000. The current value of the t...
Bitcoin dropped to around $81,000 amid a tech sector sell-off that pressured risk assets, including cryptocurrencies. Despite this, institutional demand remains strong, with US spot Bitcoin ETFs seeing $528 million in inflows over three days, led by ...
