Ethereum spot market buying has accelerated to 7.2 times the normal pace ahead of the US Consumer Price Index (CPI) report due on August 12. This surge indicates that institutional or semi-institutional investors see current ETH prices as attractive for accumulation. However, these same investors are holding net short positions in Ethereum and Bitcoin derivatives to hedge against potential downside risks if inflation data disappoints. The CPI report is crucial because it influences Federal Reserve interest rate decisions, which in turn affect the appeal of risk assets like cryptocurrencies. This mixed positioning suggests traders are cautiously optimistic but prepared for volatility depending on the inflation outcome.
Ethereum's price is targeting around $3,000 in the short term, supported by technical indicators like Elliott Wave analysis and moving averages. However, momentum is weakening as shown by a flattening MACD and potential negative divergence, signaling...
Bitcoin surged close to $87,400, pushing the crypto market near a $3 trillion cap, driven by $558 million in liquidations mainly from short positions. Institutional investors fueled the rally with over $1.9 billion in spot ETF inflows, especially int...
Ethereum (ETH) recently surpassed a resistance level around $2,661, indicating a potential move toward $3,050. However, the price may consolidate between $2,775 and $2,825 before attempting to reach the psychological $3,000 mark. The bullish outlook ...
Ethereum (ETH) surged nearly 11% in 24 hours, reaching $2,800, confirming a bullish breakout after a prior bearish cycle ended at $1,550. High trading volumes of $20 billion and strong on-chain signals like the MVRV Ratio suggest a new upward trend, ...
Ethereum (ETH) has surged past the $2,700 mark, trading at $2,716.86 after a 5.7% gain in 24 hours, marking its strongest third-quarter performance since 2016 with a 67.57% gain in Q3 2026. This rally occurs despite regulatory setbacks and a Fed rate...
