Ethereum's price fell 3.5% to around $1,820 after failing to break the $2,000 resistance, impacted by weak Democratic support for the CLARITY Act and over $400 million in leveraged crypto liquidations. The bill's uncertain passage and rising U.S. Treasury yields have dampened investor sentiment, increasing the risk of further losses if ETH falls below $1,800. To regain momentum, Ethereum must reclaim $1,875 and clear resistance near $1,940–$1,952 before challenging $2,000 again. Continued ETF outflows and macroeconomic pressures could keep prices subdued.
Grayscale's Zach Pandl highlights that the US Treasury's bond repurchases aim to ease pressure from soaring government debt, which recently surpassed $40 trillion. While these repurchases may reduce Treasury supply and stimulate the economy, they don...
A wallet linked to Singapore-based Matrixport deposited $10 million USDC to open a $17.44 million leveraged long position on Ethereum at 20x leverage on Hyperliquid. This trade is part of a larger pattern of institutional-scale leveraged ETH longs by...
Between June 3 and August 27, Ethereum exchange balances fell nearly 18%, with 1.4 million ETH withdrawn from exchanges even as the price rose about 27% since mid-August. In contrast, Bitcoin exchange balances slightly increased by 0.25% during the s...
Ethereum holders have withdrawn 1.4 million ETH from exchanges during a 27% price rally, reducing exchange reserves by 18% since June. This unusual trend shows investors moving ETH to staking rather than selling, as the price reached $2,528. Unlike B...
Cryptocurrency markets display a range of price movements with Bitcoin trading above $80,000, up 3.03%. Ethereum and Binance Coin also show gains, while altcoins like Solana surged nearly 12% and VeChain (VET) jumped over 29%. These fluctuations indi...
