Ethereum is under short-term selling pressure after breaking below a rising support trendline near $2,108, signaling bears may push the price lower in a potential C-wave downside move. However, analysts note the decline from April may still allow for a complex B-wave bounce, with key resistance zones between $2,655 and $3,236. A separate chart suggests a possible bullish reversal pattern forming, which if confirmed by a breakout, could shift momentum back to buyers. The near-term outlook depends on whether Ethereum can reclaim the broken trendline and resist further downside toward support around $1,650–$1,800.
Cryptocurrency markets saw a general decline with Bitcoin priced at $77,381, down 1.29%. Other major coins like Ethereum, Binance Coin, and XRP also dropped between 1.8% and 2.2%. Dogecoin experienced a significant fall of nearly 6%, and Bitcoin Cash...
Bitcoin dropped below $77,000 following $290.4 million in net outflows from Bitcoin ETFs, while Ethereum ETFs saw $65.7 million in outflows. Meme coins' market cap fell 3.2% to $35.5 billion in 24 hours. Traders warn Bitcoin is near a critical suppor...
More than $545 million in leveraged crypto positions were liquidated within 24 hours, mainly affecting long positions in Bitcoin and Ethereum. This large-scale deleveraging reflects traders' bullish bets unraveling amid modest price declines, with Bi...
Ethereum's price is under pressure not just from internal crypto factors but also due to rising oil prices, which increase inflation fears and reduce risk appetite among investors. Tom Lee highlights a strong inverse correlation between oil prices an...
Ethereum price fell more than 5% to around $2,100 due to rising macroeconomic uncertainty, weakening institutional demand, and increased exchange inflows. Spot ETH ETFs saw $255 million in outflows, and major market makers like Wintermute reduced the...
