Ethereum is under short-term pressure after failing to break resistance near $2,290-$2,334, signaling sellers remain active. The price is currently near $2,241 and close to a key Fibonacci support level at $2,240; failure to hold this could lead to further declines toward lower Fibonacci levels. Historically, Ethereum has experienced sharp drops following recent Federal Open Market Committee (FOMC) meetings, with declines ranging from 17.5% to over 42%. After the April 29 FOMC meeting, traders are watching closely to see if Ethereum will break this pattern or face another post-meeting drop. The key support range to watch is $2,220 to $2,460; holding above this could prevent a deeper decline, but losing it may trigger further downside risk.
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...
Bitcoin and Ethereum prices rose by 1.20% and 1.32% respectively, boosting overall crypto market sentiment despite a decline in decentralized finance (DeFi) trading volume. Large-cap altcoins mostly gained, with Bitcoin dominance increasing to 58%, i...
