Ethereum is attempting a long-term recovery but is currently blocked by resistance between $2,400 and $2,500. A breakout above this zone could lead to a test of $2,800, with a larger target at $4,900, which aligns with a key inverse head and shoulders pattern suggesting a possible trend reversal. However, Ethereum must first clear the weekly 200 moving average resistance near $2,457-$2,557. Holding support at $2,100 is crucial to maintain the recovery structure. A confirmed breakout above $4,900 could open the path to even higher levels around $8,300, but for now, Ethereum remains in consolidation between these key support and resistance levels.
About $410 million in leveraged crypto positions were liquidated within 24 hours, driven mainly by Bitcoin and Ethereum losses. Long positions accounted for nearly 63% of liquidations, indicating traders betting on price rises were hit hardest. Howev...
Ethereum's price rose 11.7% in the past week, triggering over $300 million in short liquidations. However, on-chain data shows a shift of assets back to exchanges, indicating holders might be preparing to sell. Other metrics like declining open inter...
Solana's price remained above a crucial support level despite a slight dip, supported by $5.75 million in net inflows into U.S.-listed spot Solana ETFs, contrasting with outflows from Bitcoin and Ethereum funds. Solana ranked second in global spot tr...
Ethereum is gaining attention as BitMine, an Ethereum treasury company, continues to accumulate and stake ETH, now holding about 4.8% of Ethereum's total supply. Meanwhile, Michael Saylor's Strategy sold some Bitcoin to fund dividends, challenging th...
Vitalik Buterin proposed the 'Extremely Lean Chain' to reduce Ethereum's Beacon Chain validator data from 48 bytes to 6 bytes, an 87.5% reduction. This change would shift most data off-chain, requiring validators to generate daily cryptographic proof...
