Ethereum (ETH) jumped 6.5% to $2,250 following President Trump's announcement of a two-week ceasefire with Iran, which eased global geopolitical tensions. This move broke a multi-week resistance at $2,200, signaling a potential mid-term bullish trend for Ethereum and the altcoin market. The reopening of the Strait of Hormuz and falling oil prices have lowered inflation fears, supporting continued Federal Reserve interest rate stability. However, technical indicators suggest a short-term pullback could occur before ETH targets the next resistance at $2,400. The rally was also driven by a short squeeze, liquidating over $150 million in short positions.
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...
