Ethereum's price has climbed back into profitability for many holders, sparking hopes of a push to $3,000. However, the $2,800 resistance level remains a significant barrier, having repeatedly halted rallies in recent months. Traders are watching volume and buying pressure closely, as a strong breakout above $2,800 with sustained momentum is needed to reach $3,000. Market sentiment is mixed, and external factors like Bitcoin's moves and regulatory news could influence the next direction. Until Ethereum decisively breaks this level, it may continue to trade sideways or face pullbacks.
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Between June 3 and August 27, Ethereum exchange balances fell nearly 18%, with 1.4 million ETH withdrawn from exchanges even as the price rose about 27% since mid-August.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Ethereum holders have withdrawn 1.4 million ETH from exchanges during a 27% price rally, reducing exchange reserves by 18% since June.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...
