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 are more bullish than top traders, hinting at cautious smart money. A pullback to the $2,426-$2,463 support zone is expected within 5-10 days, with resistance at $2,552-$2,604. Clearing this resistance could open the way to $2,731, but a daily close below $2,426 would threaten the current uptrend.
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...
Between June 3 and August 27, Ethereum exchange balances fell nearly 18%, with 1.4 million ETH withdrawn from exchanges even as the price rose about 27% since mid-August. In contrast, Bitcoin exchange balances slightly increased by 0.25% during the s...
