Ethereum experienced sharp price swings after briefly rising above $2,600 then falling near $2,400. Wintermute transferred 61,847 ETH worth $160.3 million to Binance and Coinbase, raising concerns about potential selling. However, exchange supply of Ethereum is at a multi-year low, suggesting fewer coins are immediately sellable. Despite this, whale holders are distributing ETH, maintaining selling pressure and causing price weakness. The market awaits whether buyers can absorb these sales to push prices back above $2,600 or if ETH will drop toward $2,300 amid continued whale selling.
Bitcoin, Ethereum, and XRP are under pressure due to rising expectations of a Federal Reserve interest rate hike at the September 15-16 meeting, with an 86.5% chance of a 25 basis point increase. This would be the Fed's first rate hike in three years...
The likelihood of a Federal Reserve interest rate hike on September 16 has surged to 86.5%, putting pressure on major cryptocurrencies like Bitcoin, Ethereum, and XRP. This potential rate increase is driven by rising U.S. inflation data, which has un...
Bitcoin's price faces strong resistance between $77,100 and $81,700 due to long-term holders selling up to 539,000 BTC in this range, creating a dense supply zone. The price must close above the 365-day moving average at $81,700 to confirm a bullish ...
Ethereum aims to activate the Glamsterdam upgrade on the Sepolia testnet by October 6, but unresolved bugs and network finalization issues on the devnet-9 with 1,000 validators have made this date uncertain. A critical bug related to EIP-8037 require...
Ethereum is potentially setting up for a major breakout as it retests a multi-year resistance zone for the third time, following a period of strong accumulation support. Analysts note this pattern resembles Ethereum's 2020 setup before it surged to n...
