Ethereum Price Dips Again: Is This a Buying Opportunity?
Ethereum price extended its increase above the $2,500 zone. ETH is now correcting gains and might find support near the $2,400 zone. Ethereum started a downside correction from the $2,520 zone. The price is trading below $2,450 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support…
BlackRock Declares Bitcoin The New ‘Gold Alternative’ – Here’s Why
BlackRock’s stance on cryptocurrencies—especially Bitcoin and Ethereum—has lately made headlines. While Ethereum is considered as a “technology bet,” the investment behemoth sees Bitcoin as a “gold alternative.” This point of view captures a major change in the way conventional finance is starting to welcome digital assets. The company’s findings show that people are becoming more…
Ethereum Could Reclaim $2,700 As Key Data Signals Reduced Selling Pressure
Ethereum (ETH) currently trades approximately 11% below its local highs of around $2,730. Investors are optimistic about a potential price surge in the coming days, driven by encouraging on-chain data. Key metrics from Glassnode indicate a decline in ETH inflows into exchanges, suggesting that investors are holding onto their assets rather than selling. This trend…
Ethereum Price Back Above $2,500: Is a Bigger Move Coming?
Ethereum price started a fresh increase from the $2,300 support zone. ETH is rising and might aim for a move above the $2,550 resistance. Ethereum started a decent increase above the $2,350 and $2,420 levels. The price is trading above $2,420 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming…
72% Of ETHUSDT Traders On Binance Go Long – Is This The Buy Signal You Need?
In a recent trading activity on the crypto exchange Binance, 72% of ETHUSDT traders have taken long positions. This interesting sentiment is revealed through the trading analytics platform CoinGlass. This surge in long position is more notable as it comes after a week of Ethereum trending downwards. The strong tilt toward long positions suggests that…
Ethereum ICO Participant Offloads 6,000 ETH As Bearish Sentiment Intensifies
According to heightened geopolitical tensions in the Middle East and rising liquidations of long positions. While Ethereum has experienced some rebound in the last day gaining by 3.21%, investors remain uncertain of a full price recovery with bearish sentiments raving through the market. Notably, an Ethereum ICO participant has now sold off a substantial amount…