Ethereum has dropped to its lowest relative level against the Invesco QQQ Trust since January 2021, indicating it is underperforming the tech-heavy ETF. The ETH to QQQ ratio has fallen to around 2.66, a level not seen in over two years, signaling weakening relative strength. Additionally, Ethereum broke below its rising price channel and the key $2,111 support level, which now must be reclaimed to validate a recovery. If ETH fails to regain this level, the bearish breakdown remains active, with potential further downside toward $1,954. A successful reclaim could push prices toward $2,676, but for now, Ethereum shows signs of weakness compared to QQQ.
Arthur Hayes reversed his crypto strategy by purchasing over $3.7 million worth of Ethereum after selling 6,000 ETH at a loss of about $606,000 just weeks prior. This move follows his pattern of bold crypto trades and quick exits, which have drawn cr...
Ethereum is gaining strength, trading near $1,920 after surpassing its 26-day and 50-day EMAs, signaling renewed buying interest. The next key resistance is the 100-day EMA at around $1,944; a daily close above this could lead Ethereum toward the 200...
ETHSystems, a new Ethereum-focused non-profit backed by Bitmine Immersion Technologies and Ethereum co-founder Joe Lubin, aims to enhance privacy on the Ethereum network for institutional use. This marks the third non-profit stepping in as the Ethere...
Ether has surged about 11% over the past week, outperforming other major cryptocurrencies like Bitcoin, which rose 4%. This rise is driven by $96 million inflows into U.S. spot ether ETFs, mainly BlackRock’s low-fee funds, while Grayscale’s higher-fe...
Ethereum futures long positions among top traders increased by over 3 percentage points across both USDT- and coin-margined markets, indicating a broad-based shift in short-term sentiment. This rise suggests heightened attention on ETH compared to ot...
