Ethereum's price has dropped below the key $1,700 level due to ongoing macroeconomic stress, ETF outflows, and liquidations of long positions, pushing it into a deep correction phase. The Relative Strength Index (RSI) shows Ethereum is heavily oversold, indicating a potential buying opportunity but with bearish momentum still dominant. Key support levels to watch are $1,600 and $1,200, while reclaiming $1,800 and $2,000 is crucial for a trend reversal. Investors are advised to consider long-term strategies like dollar-cost averaging during this downturn.
On June 5, Bitcoin and Ethereum options worth a combined $1.89 billion expired as both cryptocurrencies traded near multi-month lows. Bitcoin options, valued at $1.62 billion, expired far below their key max pain level of $70,500, with Bitcoin briefl...
Bitcoin fell 14.5% over the week to $62,715, driven by Broadcom's disappointing AI semiconductor forecast which triggered a broader market selloff, including a 1.2% drop in Nasdaq futures and declines in Asian markets. Ethereum and Solana also droppe...
Bitcoin is trading near $62,880 with a slight decline over the past week, testing support levels while Ethereum has dropped more sharply to $1,674. Bitcoin dominance remains high at 56.2%, indicating a BTC-led market as traders remain cautious, espec...
Options data from Deribit reveals a split in sentiment among major altcoins: Solana traders favor upside bets with a strong call option dominance, signaling expectations of a near-term rebound. Meanwhile, Ethereum and XRP traders exhibit more defensi...
Ethereum's price dropped sharply to $1,714, the lowest since April 2025, marking a 10% weekly loss and over 31% decline year-to-date. This drop triggered $408 million in forced liquidations, mostly from bullish traders, while $52 million exited Ether...
