Ethereum is currently holding a crucial support level near $2,088, bouncing off the 0.5 Fibonacci retracement and a green Gaussian Channel, signaling a potential bullish trend. Analysts note that if Ethereum maintains this support, it could climb to resistance levels at $2,561 and $3,424, with a longer-term cycle chart suggesting a possible move toward $15,000. This outlook depends on Ethereum staying within its long-term ascending channel, with the $15,000 target representing a significant upside if the bullish momentum holds. A break below the support would weaken this optimistic scenario.
Tom Lee believes Ethereum's recent price weakness is due to macroeconomic pressures from the Middle East conflict and rising oil prices, not a fundamental flaw in the asset. He argues that as geopolitical tensions ease and oil prices stabilize, inves...
Ethereum's price has stalled near $2,140 amid a sharp 41% decline in DeFi total value locked (TVL) from $106.7 billion in January to $63 billion in May. This decline in DeFi activity, combined with mid-term holders reducing their Ethereum supply from...
South Korea's Public Officials Benefit Association (POBA), the country's seventh-largest pension relief firm, lost about $32.7 million on an Ethereum leveraged ETF investment. Leveraged ETFs amplify daily price movements using derivatives, increasing...
Institutional investors sold $1.07 billion in Bitcoin and other crypto assets in one week, marking the first outflow after seven weeks of inflows and the third-largest weekly outflow this year. Bitcoin led the sell-off with $982 million withdrawn, wh...
Bitmine Immersion Technologies acquired 71,672 ETH in a recent purchase, increasing its total Ethereum reserves to 5.278 million ETH, valued at about $11.05 billion. Chairman Tom Lee sees current ETH prices below $2,200 as a strong buying opportunity...
