Ethereum is currently supported by a buy wall around $1,960 to $1,980, preventing a further drop. However, it faces significant sell pressure at resistance levels near $2,120 and $2,230, which must be overcome for a stronger price recovery. Recent data shows that many long positions have been liquidated, reducing downside risk but creating resistance clusters at these higher levels. If Ethereum breaks above these sell walls, it could trigger a short squeeze and further gains; otherwise, it may remain range-bound or test lower supports.
BitMine has expanded its Ethereum holdings by purchasing an additional 25,000 ETH worth $50 million, despite ongoing bearish market conditions. This follows a recent $237 million Ethereum purchase, reinforcing BitMine's position as the largest Ethere...
Ethereum's price is under pressure with technical indicators signaling a possible short-term decline. Key support around $1,800 is critical; if it breaks, the market could see further losses. High leverage and positive funding rates show many long po...
The S&P 500 achieved its longest weekly winning streak since 2023, rising nearly 20% from March lows, supported by hopes of a U.S.-Iran ceasefire extension. Brent crude stabilized near $92 a barrel, and Treasuries recovered some losses. However, majo...
Ethereum whale wallets have amassed 17.41 million ETH, nearly 22% of the total supply, reaching a nine-week high during recent market weakness. This accumulation by large holders contrasts with cautious retail sentiment and suggests strategic positio...
The cryptocurrency market is showing signs of bearish pressure as major assets like Bitcoin, Ethereum, and XRP struggle to maintain momentum and key support levels. Bitcoin has fallen below key moving averages and faces potential deeper correction if...
