Ethereum recently dropped below the $2,000 level after rejecting its 200-week moving average, signaling short-term weakness. However, analysts highlight a long-term bullish setup with a $7,000 target, contingent on Ethereum holding its rising support line formed since 2022. The cryptocurrency is near the end of a five-year consolidation pattern, and defending this support is crucial for a potential upward move. If Ethereum breaks below this trendline, it could face further declines toward $1,383 or $1,071, but holding it may lead to a recovery attempt toward $2,116 and beyond.
Ether has fallen nearly 59% from its August peak, currently trading around $2,014, with forecasts indicating a 63% chance of further decline to $1,500. Ethereum-linked ETFs have seen $500 million withdrawn over 11 days, signaling investor caution. De...
Ether's price dropped below $2,000 for the first time since March, declining nearly 8% over the past week amid rising risk aversion. Despite the price fall, open interest in ether futures surged to a record 16.39 million tokens, indicating aggressive...
XRP dropped sharply to $1.2723, its lowest since February, following US military strikes on Iranian targets near the Strait of Hormuz. This geopolitical event caused nearly $1 billion in forced liquidations across the crypto market, with XRP losing 3...
Bitcoin has been declared "dead" 472 times since 2011 across various market cycles, yet it has grown over 70 million percent in value. Despite recent weak sentiment and price corrections, Bitcoin remains resilient. Currently, traders are showing incr...
Ethereum dropped below $2,000 following US airstrikes on Iran, causing a $1 billion forced liquidation in crypto markets and a sharp price decline. Market sentiment turned bearish with a 63% chance ETH could fall to $1,500, while ETFs saw $500 millio...
