Ethereum's price fell 1.22% to $2,487.51, slipping below the $2,500 mark after repeated resistance near $2,550. This decline follows stronger U.S. inflation data raising expectations of a Federal Reserve rate hike in September, which increased Treasury yields and pressured risk assets. Despite this short-term weakness, spot Ether ETFs saw significant inflows totaling $216.4 million, indicating ongoing institutional demand. The market now watches closely whether Ethereum can close above $2,550 weekly to avoid further downside toward $2,400 and potential forced selling due to leveraged positions.
Ethereum has recovered more than 55% from its June low of around $1,600 to trade near $2,492, marking one of its strongest third quarters in history. The rally gained momentum in August, pushing ETH above key moving averages and breaking through resi...
Ethereum experienced sharp price swings after briefly rising above $2,600 then falling near $2,400. Wintermute transferred 61,847 ETH worth $160.3 million to Binance and Coinbase, raising concerns about potential selling. However, exchange supply of ...
Bitcoin, Ethereum, and XRP are under pressure due to rising expectations of a Federal Reserve interest rate hike at the September 15-16 meeting, with an 86.5% chance of a 25 basis point increase. This would be the Fed's first rate hike in three years...
The likelihood of a Federal Reserve interest rate hike on September 16 has surged to 86.5%, putting pressure on major cryptocurrencies like Bitcoin, Ethereum, and XRP. This potential rate increase is driven by rising U.S. inflation data, which has un...
Bitcoin's price faces strong resistance between $77,100 and $81,700 due to long-term holders selling up to 539,000 BTC in this range, creating a dense supply zone. The price must close above the 365-day moving average at $81,700 to confirm a bullish ...
