Ethereum's price has stalled near $2,140 amid a sharp 41% decline in DeFi total value locked (TVL) from $106.7 billion in January to $63 billion in May. This decline in DeFi activity, combined with mid-term holders reducing their Ethereum supply from 18.63% to 12.73% over six weeks, signals weakening confidence. Technical analysis shows a bearish inverted cup and handle pattern, with a key support level at $2,087; breaking below this could lead to a 19% further drop to around $1,690. The ongoing DeFi erosion and holder behavior suggest Ethereum may continue to lag behind Bitcoin, which has risen 2% month-on-month.
Ethereum rose 3.17% to $1,923.53, outperforming Bitcoin's modest 0.18% gain to $64,588.87, signaling an early rotation toward large-cap altcoins. Despite this, overall market activity slowed, with declines in DeFi, stablecoin, and derivatives trading...
Arthur Hayes reversed his crypto strategy by purchasing over $3.7 million worth of Ethereum after selling 6,000 ETH at a loss of about $606,000 just weeks prior. This move follows his pattern of bold crypto trades and quick exits, which have drawn cr...
Ethereum is gaining strength, trading near $1,920 after surpassing its 26-day and 50-day EMAs, signaling renewed buying interest. The next key resistance is the 100-day EMA at around $1,944; a daily close above this could lead Ethereum toward the 200...
ETHSystems, a new Ethereum-focused non-profit backed by Bitmine Immersion Technologies and Ethereum co-founder Joe Lubin, aims to enhance privacy on the Ethereum network for institutional use. This marks the third non-profit stepping in as the Ethere...
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
