Ethereum (ETH) has maintained its price above the $2,350 level, supported by strong buying from large holders who accumulated over 140,000 ETH (worth around $322 million) in the past 96 hours. The price recently peaked at $2,387 and is consolidating below a critical resistance zone at $2,400, which if broken, could push prices toward $2,500. Rising geopolitical tensions between the US and Iran have increased volatility in traditional markets, prompting institutional investors to migrate capital into cryptocurrencies like Ethereum, providing additional support for its price. Traders are watching closely for a decisive move above $2,400 to confirm a bullish continuation or a drop below $2,150-$2,200 support that could lead to a decline below $2,000.
Cryptocurrency markets saw a general decline with major coins like Bitcoin and Ethereum dropping by about 1.2% and 1.1% respectively. Bitcoin traded near $61,883 while Ethereum hovered around $1,748. Other altcoins also experienced losses, reflecting...
Bitmine Immersion increased its Ethereum holdings by 42,197 ETH, worth about $74 million, raising its total to 5.74 million ETH or 4.8% of the circulating supply. Chairman Tom Lee credits this buying spree to rising investor optimism that the propose...
Most major cryptocurrencies saw price declines, with Bitcoin falling 1.55% to about $61,686 and Ethereum down 1.29% near $1,740. Other coins like Binance Coin, XRP, and Cardano also dropped, reflecting a broad market pullback. Stablecoins remained st...
Bitcoin surged to around $62,800 after dropping below $58,000 earlier in July, signaling renewed confidence in the crypto market and easing concerns of a deeper fall to $50,000. Ether also recovered to about $1,760 following a recent dip. While major...
Ethereum's price has increased about 12% since July 1, driven by weaker-than-expected US employment data that lowered expectations for Federal Reserve rate hikes. Institutional interest returned, with spot Ethereum ETFs seeing $29.1 million in net in...
