Ethereum is currently testing a major resistance level near $2,375 after reaching the top of its short-term descending channel. A successful breakout above this level could lead to a bullish move toward $2,550 and potentially $2,646, marking a 7% gain from the breakout point. However, failure to break this resistance may result in a retracement to lower support levels around $2,325, $2,290, and as low as $2,210. The next key indicator will be whether Ethereum can close above the resistance zone, which would confirm a positive short-term trend, or face rejection and pull back to support zones before attempting another rise.
A state-backed Shanghai company has started producing advanced lithography machines, breaking the Dutch company ASML's monopoly. This development rattled AI and semiconductor stocks and dragged down the S&P 500, reflecting concerns over US-led chip e...
Cryptocurrency markets display varied price changes with Bitcoin trading around $64,497, slightly down by 0.33%. Ethereum and Binance Coin show minor fluctuations, while several altcoins including Cardano (ADA) and Monero (XMR) experience significant...
Ethereum's value relative to Bitcoin has risen to its highest point in three months, with the ETH/BTC ratio reaching 0.03 on July 27. Over the past month, Ethereum gained about 24%, significantly outperforming Bitcoin's 8% gain. This shift indicates ...
Ethereum (ETH) surged over 4% to trade near $1,962, breaking out of a long-term downtrend and a falling wedge pattern. This bullish move is supported by increased trading volume and positive technical indicators like the MACD and RSI, signaling stron...
BitMine recently acquired 9,946 ETH, increasing its total Ethereum holdings to 5.79 million ETH, which is about 4.8% of the circulating supply. The company has staked 85% of its holdings to earn steady returns through Ethereum's proof-of-stake system...
