Ethereum is maintaining its long-term rising support line despite trading well below its previous high near $4,800 to $5,000. A weekly breakout above the short descending trendline and reclaiming the $4,800 resistance zone are crucial for confirming a bullish recovery. If Ethereum succeeds, it could retest old highs and potentially move toward a $10,000 target. However, momentum indicators like RSI show that bullish strength is not yet fully confirmed, and losing the current support could weaken the outlook.
Kevin Warsh was narrowly confirmed as the new Federal Reserve chair amid declining confidence in the Fed's ability to control inflation, with inflation expectations rising to 4.8%. Bitcoin has struggled to break past the $77,000 resistance level, ref...
US one-year inflation expectations increased to 4.8% in May, up from previous readings, signaling persistent inflation concerns. This rise challenges the idea that Bitcoin acts as a reliable hedge against inflation, as studies show it behaves more li...
Bitcoin and Ethereum prices remained stable over the weekend, with Bitcoin trading between $76,100 and $78,000 and Ethereum struggling to break out, indicating low volatility in major cryptocurrencies. Meanwhile, AI-focused tokens like Near Protocol ...
US spot Ethereum ETFs experienced net outflows for the ninth consecutive day on May 21, totaling $32.58 million in redemptions. The outflows were mainly driven by BlackRock’s ETHA fund, which saw $38.01 million in withdrawals, while smaller inflows o...
Former Ethereum Foundation researcher Dankrad Feist proposed creating a $1 billion ETH-funded advocacy organization aimed at supporting Ethereum's price and competitive position. This comes amid a major talent drain at the Ethereum Foundation, with n...
