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.
On May 26, XRP exchange-traded funds (ETFs) recorded net inflows of $1.55 million, continuing a 27-day streak of institutional accumulation despite broad market sell-offs affecting Bitcoin and Ethereum ETFs. While Bitcoin and Ethereum ETFs saw signif...
Bitmine Immersion Technologies recently acquired 111,942 ETH, raising its total Ethereum reserves to about 5.4 million ETH. Chairman Tom Lee views the recent ETH price dip below $2,200 as a buying opportunity and remains bullish on a crypto supercycl...
David Hoffman, co-founder of Bankless, sold his Ethereum (ETH) holdings after concluding that the long-standing thesis of 'ETH is money' has largely played out. Despite selling his ETH, Hoffman remains bullish on the Ethereum network and its ecosyste...
Ethereum options markets remain bullish with a focus on $2,350 call options, even as total open interest slightly decreased to $6.96 billion. Calls represent 61.6% of contracts, indicating optimism for higher prices, while significant put interest ne...
Leading cryptocurrencies like Bitcoin and Ethereum dropped sharply as 'Extreme Fear' sentiment returned to the crypto market, with Bitcoin falling below $76,000 and over $300 million liquidated in 24 hours. Meanwhile, major U.S. stock indexes reached...
