Ethereum Battles Bearish Retail Sentiment Amid Surging ETF Demand
Ethereum (ETH) continues to experience pullback in its price as it recently tested the $4,000 resistance level, a key psychological price mark for the cryptocurrency. Amid this correction, bearish tendencies among investors on Binance have surfaced. A recent analysis by CryptoQuant analyst Darkfost highlights a significant trend where Binance’s taker buy-sell ratio for Ethereum turned…
Ethereum Funding Rates Hit Multi-Month Highs, But Is A Correction On The Horizon?
Ethereum, the second-largest crypto by market capitalization, has recently demonstrated strong bullish momentum, breaching above $4,000. It is worth noting that its price rally has been accompanied by a significant spike in its funding rates, a critical metric reflecting sentiment in the futures market. The metric, analyzed by CryptoQuant analyst ShayanBTC, has reached levels not…
Ethereum Finally Set For A New All-Time High? Here’s What Analysts Say
Ethereum (ETH) continues to hover around the critical $4,000 resistance level, a price point many believe could determine the cryptocurrency’s next major move. However, a strong weekly close has sparked optimism among analysts, suggesting that ETH could be on track to reach a new all-time high (ATH) soon. Ethereum Heading To New ATH? Experts Weigh…
Ethereum Risk-Reward Ratio Is Now Attractive, Brokerage Firm Explains
Ethereum (ETH) now offers an attractive risk-reward ratio, according to analysts at research and brokerage firm Bernstein. Despite underperforming compared to other major cryptocurrencies like Bitcoin (BTC), Solana (SOL), and XRP for most of 2024, Ethereum’s strong fundamentals may set the stage for a potential rally. Why Is Ethereum Struggling? Bernstein Analysts Explain Ethereum, the…
Altcoins Set For $627 Billion Inflow As Altseason Prepares For Takeoff
After recent robust bullish performances by several altcoins, multiple analysts have tipped the altseason to have begun, building momentum for a major price explosion in the coming weeks. Interestingly, popular analyst EGRAG Crypto has weighed in on the discourse around a highly-anticipated altseason, predicting a potential market inflow of $627 billion. Bitcoin Dominance To Crash…
Dogecoin Hits Critical Resistance: Will It Surge Past $0.40 or Face a Price Dip?
Despite Dogecoin (DOGE) still being 45% below its all-time high of $0.7316, achieved in 2021, DOGE has experienced a notable year-to-date gain of over 400%. When writing, the memecoin leader trades at $0.404, up 5.6% in the past 24 hours. Analysts suggest this price marks a critical juncture that could significantly influence Dogecoin’s trajectory in…
Solana Outpaces Ethereum In DeFi Activity As Monthly DEX Volume Surpasses $100 Billion
Solana (SOL) decentralized finance (DeFi) activity has gained significant momentum, with its decentralized exchanges (DEX) surpassing Ethereum (ETH) DEX in monthly trading volume. So far in November, Solana-based DEXes have recorded over $100 billion in trading volume, marking a major milestone for the ecosystem. Solana DeFi Ecosystem Gains Momentum, Outshines Ethereum DeFi Solana, the fourth-largest…
Notcoin (NOT) Gears Up For Major Rally – Is $0.12 Still Within Reach?
Notcoin (NOT) has recently been in an impressive price form rising by 19.71% in the past day to reach a local peak of $0.0085. While the momentum on the Telegram-based cryptocurrency has cooled in the last few hours, popular crypto analyst Ali Martinez anticipates further price gains as shown by a recent bullish prediction. Notcoin…
Deribit Moves $783M in Ethereum To Cold Storage: A Bullish Signal for ETH?
While Ethereum seems to have begun its own major rally, the asset has recently experienced significant activity on the Deribit Options Exchange which begs the question of what it means for ETH’s price. A CryptoQuant analyst known as Amr Taha substantial outflows from the exchange to cold wallets, highlighting potential implications for market sentiment and…
Altcoins Continue To Surge Following Trump’s Victory – More Gains Ahead?
The crypto market has been on an uptrend following the US elections in early November. In particular, the altcoins have responded quite positively to the election of pro-crypto candidate Donald Trump as the next US President. XRP, ADA, TON, Others Stand Out Amidst Bullish Altcoins Performance In its weekly report on November 22, blockchain analytics…