Ethereum's price fell over 2% to trade near $1,696 after breaking below key technical supports like its rising channel and the 200-hour SMA. Institutional demand weakened as spot Ethereum ETFs saw $12.77 million in outflows, with large holders reducing activity. Macro factors such as steady U.S. labor data and Fed rate policies add pressure, while lower oil prices provide limited relief. However, bullish signals include a historically low weekly RSI suggesting a potential market bottom, strong network growth with 13.2 million monthly active users, and improved liquidity on Binance. Traders remain cautious, watching key levels around $1,675 for downside risk and $1,750 for recovery potential.
Bitcoin held steady around $65,500 while Ethereum surpassed $1,900 for the first time since February, amid softer-than-expected inflation data that boosted stock markets. Despite geopolitical tensions with Iran, investors showed cautious optimism, wi...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
Ethereum's new 'Strawmap' draft roadmap outlines seven major upgrades by 2029 aiming to reduce transaction finality from 16 minutes to as little as 6 seconds and increase Layer 1 throughput to 10,000 transactions per second. The plan includes advance...
Ethereum rose following a U.S. inflation report showing slower CPI growth, which weakened the dollar and boosted risk assets. Binance saw over $1.2 billion in Ethereum buy volume, pushing prices near $1,895. However, the rally lost steam as Bitcoin a...
SPX6900 surged over 12% in 24 hours driven by a 62% volume increase and strong buying from Solana whales, who raised holdings by 65%. Ethereum network activity also picked up, with transfers nearly quadrupling and transactions doubling, supporting th...
