Ethereum price fell 4% from recent highs, dropping to around $2,300 after institutional investors pulled $75.94 million from spot Ethereum ETFs, ending a 10-day inflow streak. This cautious move comes amid rising geopolitical risks, including tensions between the U.S. and Iran and concerns over the Strait of Hormuz. Technical indicators show bearish signals with Ethereum testing key support levels at $2,300 and potential further declines to $2,200 or $2,000 if selling pressure continues. A rebound above $2,400 could reverse the bearish trend, but investors remain watchful of ongoing geopolitical developments and ETF flows.
Abraxas Capital moved 618 BTC worth about $40 million onto Kraken, likely preparing to sell, while withdrawing 8,153 ETH valued at $15.3 million from Binance and Bybit, signaling a possible shift from Bitcoin to Ethereum. This $55 million transaction...
Ethereum is currently holding a critical long-term support zone around $1,500, which has historically been a base for recoveries. Analysts highlight that reclaiming resistance levels at $1,820, $2,463, and $2,874 could set the stage for a move toward...
Ethereum surged nearly 5% past the $1,850 resistance following softer-than-expected US inflation data, which eased fears of aggressive Federal Reserve rate hikes. This triggered a short squeeze, wiping out leveraged short positions and pushing the pr...
After the US June Consumer Price Index showed a surprising 0.4% monthly drop and a year-over-year decline to 3.5%, Ethereum futures buying exploded, especially on Binance which recorded $1.2 billion in taker buy volume within the first hour. This mas...
Recent whale wallet activity shows a shift toward accumulating Bitcoin rather than selling, supported by a 3.25% price increase to $64,514 and Ethereum's 5.04% gain. Reduced outflows from exchanges and steady miner behavior indicate holders are movin...
