Ethereum price hovered around $2,500 after a 35% rise since mid-August, facing resistance near $2,550 amid an overbought daily RSI of 77.4. The price formed an ascending triangle pattern, suggesting potential for a breakout above $2,533, which could push it toward $2,600 and beyond. However, higher US inflation data raised expectations of a Fed rate hike, adding pressure on speculative assets like Ethereum. Key support lies near $2,454, with liquidation clusters around $2,470 and $2,550 potentially amplifying price moves. The next days will test whether buyers can sustain gains or if a pullback toward $2,300-$2,400 occurs.
Ethereum is trading near $2,501 after a strong rise but shows overbought signs with RSI at 76 and Stochastic above 90, indicating short-term momentum may stall. The MACD histogram at zero suggests balanced buying and selling pressure. Retail traders ...
Ethereum has recently surged past $2,500, approaching a technical pattern called a golden cross, where a short-term moving average crosses above a long-term one, often signaling a bullish trend. However, Ethereum's momentum is currently weak, with re...
Bitwise reported about $100 million in net inflows on August 27 across its U.S. crypto exchange-traded products, with Solana funds leading at roughly $40 million, followed by Bitcoin at $22 million and Hyperliquid at $20 million. The Solana Staking E...
Grayscale's Zach Pandl highlights that the US Treasury's bond repurchases aim to ease pressure from soaring government debt, which recently surpassed $40 trillion. While these repurchases may reduce Treasury supply and stimulate the economy, they don...
A wallet linked to Singapore-based Matrixport deposited $10 million USDC to open a $17.44 million leveraged long position on Ethereum at 20x leverage on Hyperliquid. This trade is part of a larger pattern of institutional-scale leveraged ETH longs by...
