Ethereum's price recovered to around $1,691 after dipping close to $1,500 last week, with buyers needing to surpass $1,715 to extend the rebound. Technical indicators like MACD and Aroon remain bearish, suggesting sellers still dominate and a weekly close below $1,500 could lead to a drop toward $1,000 support. BitMine's large purchase of 126,971 ETH helped ease selling pressure, but overall market sentiment remains cautious amid weak ETF demand and low on-chain profitability. The next key resistance levels are $1,900 to $2,000, which must be cleared for a sustained recovery, while failure to hold $1,500 could trigger further losses.
Ethereum (ETH) has modestly recovered to $1,691 after dipping near $1,505, gaining 1.4% in 24 hours but still within a broader downtrend since April. BitMine Immersion Technologies aggressively bought 126,971 ETH during the recent price drop, raising...
Arthur Hayes, co-founder of BitMEX, argues that rapid AI spending has absorbed liquidity that might have otherwise flowed into Bitcoin and other cryptocurrencies. His family office, Maelstrom, recently sold several altcoins including HYPE, NEAR, WLD,...
High-net-worth crypto investors are focusing their holdings on Bitcoin and Ethereum, reflecting a defensive stance amid ongoing market volatility. While these large-cap assets dominate portfolios due to their liquidity and market recognition, several...
Ethereum's largest holder, Bitmine, has increased its ETH holdings by 126,971, reaching a total of 5.54 million ETH, about 4.59% of the circulating supply, with most of it staked for the long term. Meanwhile, the supply of ETH on major exchanges like...
AI-related stocks saw a strong rebound overnight, with MSCI's Asia Pacific index rising 2.5%, South Korea's Kospi up to 8%, and the Nasdaq 100 gaining 1.6%. Semiconductor stocks also surged, with SK Hynix up 11%. Despite this tech rally, cryptocurren...
