Ethereum price climbed nearly 2% on August 17, reaching an intraday high near $1,912 after buyers defended support around $1,872 and pushed ETH above $1,900. A large whale transferred 32,400 ETH worth $61.46 million into Ethereum's staking contract, reducing available supply and supporting sentiment. Short-term momentum improved, but ETH remains below its 200-day moving average at about $2,009, indicating cautious longer-term outlook. Key resistance levels to watch are $1,925 and $1,950, with a confirmed break above $1,960 needed for stronger upside momentum. US macroeconomic factors and regulatory uncertainty continue to pose risks for Ethereum's price recovery.
Bitmine Immersion Technologies purchased an additional 9,926 ETH, bringing its total Ethereum holdings to about 5.8 million ETH, or 4.8% of the total supply, nearing its 5% target. Chairman Tom Lee highlighted the rising ETH/BTC ratio as a sign of in...
Last week, Bitcoin ETFs experienced $390 million in net outflows, with Fidelity's FBTC and BlackRock's IBIT leading the declines. Ethereum ETFs also saw $2.26 million in outflows, mainly from BlackRock's ETHA, while Grayscale's ETH saw inflows. In co...
Ethereum (ETH) is trading around $1,903 with daily volume at $4.58 billion, forming a symmetrical triangle pattern that signals a potential breakout. The price has held above the $1,750 low for over a month, indicating a bottoming process and early b...
Bitcoin stabilized above $63,000, gaining 0.8% amid a rebound in U.S. equities, with Nasdaq futures hitting a high since early July. However, U.S. spot Bitcoin ETFs saw $390 million in net outflows last week, marking the largest withdrawal in six wee...
The Coinbase Premium Index for Bitcoin has been negative for 102 consecutive days, indicating weaker demand for Bitcoin on the U.S.-based Coinbase exchange compared to the global market. This persistent trend suggests reduced U.S. spot demand for Bit...
