Ethereum's price dropped 68% from its August 2025 peak of $4,953 to around $1,593, reaching its lowest daily relative strength index (RSI) ever at 17.4. Analysts see this extreme RSI reading as a historic buying opportunity, similar to June 2022 when Ethereum bottomed and later surged fivefold. The next key support level is $1,500; a break below could lead to a further drop to $1,000. Market data shows balanced liquidations and cautious long positions, indicating a possible nearing end to the current bear market phase for Ethereum.
Cryptocurrency markets are experiencing mixed price changes, with Bitcoin trading around $62,754, slightly down by 0.21%. Ethereum and several altcoins like Zcash and Velvet have seen notable gains, with Zcash up 12.68% and Velvet surging nearly 25%....
Tom Lee, co-founder of Fundstrat, stated that despite recent market volatility and underperformance compared to AI stocks, the cryptocurrency bull market remains intact. He highlighted blockchain's growing role in AI verification, security, and token...
Ethereum's price is showing weakness both technically and on-chain, with fewer holders in significant profit and the ETH/BTC ratio at a low not seen since 2016. Despite BitMine's recent $213 million accumulation of 126,000 ETH signaling confidence, t...
U.S. spot Ethereum ETFs recorded a net inflow of $82.37 million on June 8, reversing a recent outflow and signaling strong institutional demand. Leading the inflows were Fidelity and BlackRock funds, which together accounted for the majority of new i...
Tom Lee's Bitmine has purchased $213.57 million worth of Ethereum, about 4.59% of its circulating supply, boosting market confidence in Ethereum's price potential. This large acquisition suggests institutional investors are increasingly bullish on Et...
