Ethereum has broken above important descending trendlines on both daily and 6-hour charts, signaling a potential bullish breakout. Analysts highlight $2,460 and $2,650 as key price targets if Ethereum maintains above these trendlines. The breakout is significant because ETH had previously failed to surpass this resistance, and holding above it could confirm short-term buyer control. However, Ethereum must clear further resistance between $2,617 and $2,957 to sustain upward momentum, with a stronger move possibly targeting $3,228. Failure to hold above the trendline could lead to a price pullback toward support zones around $1,600 to $1,821 or $2,220 to $2,260. Currently, Ethereum is at a critical decision point that will determine if the bullish trend continues or weakens.
Ethereum's recent Glamsterdam upgrade cut network fees by 78%, causing transaction fees and revenue to fall to record lows. Despite this, on-chain activity is strong, with monthly transactions hitting nearly 80 million, an all-time high. This suggest...
BitMine Immersion Technologies ($BMNR) has been added to the Russell 3000 Index, enhancing its visibility and access to institutional investors. This inclusion allows automatic inflows from index-tracking ETFs and passive funds, potentially increasin...
Stablecoin market capitalization has surged to a record $323 billion, with over $3 billion added this month, signaling strong liquidity in the crypto market. This increase supports Ethereum, the leading Layer-1 network, despite its recent weaker perf...
A pseudonymous trader named Evaded secured $4.6 million in profits by closing long positions in HYPE, ZEC, and ETH. Immediately after, the trader opened a large short position of 990 bitcoins worth about $74.84 million on Hyperliquid, which had alrea...
Ethereum (ETH) faces a critical price level at $2,179 where $1.056 billion in short positions could be forcibly liquidated, potentially causing a rapid price surge due to a short squeeze. This level is now only 5.3% above the current price of around ...
