Ethereum's Exchange Supply Ratio has dropped to historically low levels, signaling reduced selling pressure, but the price has not yet formed a bottom, creating a concerning divergence. Historically, such gaps tend to resolve with a downward price move rather than a ratio recovery. Additionally, Ethereum has broken below its 1-Day Bull Market Support Band, a key reversal zone, increasing the risk of further declines. Analysts are closely watching the $2,150 support level as a potential entry point for spot positions, but the current signals suggest a new dip may be imminent until the price recovers above the support band.
Cryptocurrency markets saw a general decline with major coins like Bitcoin and Ethereum dropping by about 1.2% and 1.1% respectively. Bitcoin traded near $61,883 while Ethereum hovered around $1,748. Other altcoins also experienced losses, reflecting...
Bitmine Immersion increased its Ethereum holdings by 42,197 ETH, worth about $74 million, raising its total to 5.74 million ETH or 4.8% of the circulating supply. Chairman Tom Lee credits this buying spree to rising investor optimism that the propose...
Most major cryptocurrencies saw price declines, with Bitcoin falling 1.55% to about $61,686 and Ethereum down 1.29% near $1,740. Other coins like Binance Coin, XRP, and Cardano also dropped, reflecting a broad market pullback. Stablecoins remained st...
Bitcoin surged to around $62,800 after dropping below $58,000 earlier in July, signaling renewed confidence in the crypto market and easing concerns of a deeper fall to $50,000. Ether also recovered to about $1,760 following a recent dip. While major...
Ethereum's price has increased about 12% since July 1, driven by weaker-than-expected US employment data that lowered expectations for Federal Reserve rate hikes. Institutional interest returned, with spot Ethereum ETFs seeing $29.1 million in net in...
