Ethereum fell about 4% to around $2,420, pressured by a surge in crude oil prices above $105 and rising US Treasury yields, which increased inflation concerns and risk aversion among investors. August's Producer Price Index showed a 0.4% monthly rise and 5.4% annual inflation, boosting expectations for a Federal Reserve rate hike. Despite price declines, US spot Ethereum ETFs attracted $34.75 million in inflows, indicating ongoing investor interest. Ethereum now tests critical support at its 20-day EMA near $2,400, with further downside possible if this level breaks, while a weekly close above $2,550 is needed to resume upward momentum.
Tom Lee, chairman of Bitmine, forecasts a $1.5 to $2 trillion wealth transfer from 2026 to 2028 that could fuel demand for cryptocurrencies, driven by younger investors inheriting wealth with higher risk appetites. Bitmine recently purchased 12,532 E...
Ethereum's price has rebounded to about $2,530 after a recent dip but is encountering resistance between $2,560 and $2,575, which it must overcome to potentially reach $2,700. Analysts highlight this resistance zone as a key hurdle, with technical in...
In the last 24 hours, the cryptocurrency market showed mixed fund flows among major assets. ZEC, NEAR, and SOL led net inflows with $30.40 million, $27.35 million, and $26.99 million respectively, indicating growing investor interest. Conversely, sta...
The Ethereum Foundation moved 4,393 ETH worth about $11.1 million to Kraken, signaling a strategic sale amid a critical price test near the $2,500 support level. This move is part of a long-term plan, with early holders gradually selling as market co...
Ethereum traded at $2,562.06 on Monday, holding the key $2,495 support level overnight by 93 cents. This week, the US consumer price index release on Wednesday and the Bitcoin and Ether options expiry on Friday are expected to influence price movemen...
