ETH trader sentiment just reached its most bearish level since the 2023 bear market, reported CryptoQuant analyst ‘Darkfost’ on Tuesday. The metric has been measured using the Binance taker buy/sell ratio, which has fallen back to levels not seen since September 2023, when ETH had fallen to $1,600. “This highlights how much trader sentiment toward Ethereum […]
According to Bitmine Chairman Tom Lee, rising oil prices are the biggest reason Ethereum (ETH) has been struggling, and he says the inverse correlation between the two assets has hit the highest level ever recorded. His observation has come at a time when ETH is trading near $2,100, down roughly 3% in 24 hours and […]
The last few months have been volatile for the price of ETH, the company stated on X on Wednesday. The asset has consolidated around bear market lows of $2,000 since the beginning of February and has yet to make any move to pre-crash levels. Nevertheless, “the structural indicators of long-term institutional adoption of Ethereum continued to […]
Ethereum continues to trade within a broader consolidation structure as the market struggles to establish sustained bullish momentum. Nevertheless, weakening momentum indicators and growing signs of seller activity suggest that the market could be preparing for another corrective move in the short term. Ethereum Price Analysis: The Daily Chart On the daily timeframe, ETH is […]
Ethereum is opening May at around $2.3k, having spent the final week of April consolidating below the $2.4k resistance zone that has now rejected the price on multiple occasions. With the Coinbase Premium Index turning negative precisely as the asset stalled at resistance, the question entering the new month is whether US institutional demand has […]
Earlier this month, it seemed like Ethereum (ETH) was on its way to reclaim $2,500, but the bears intercepted the move. Currently, the asset trades at around $2,300, and some analysts believe a more substantial correction could be knocking on the door. On the other hand, certain on-chain indicators suggest that the bulls might regain […]
O’Leary, known as Mr. Wonderful, by friends and fans, has come a long way on cryptocurrencies like BTC and ETH. The Shark Tank star has gone from bashing Bitcoin, to investing in it, to saying it will save the world. But now he’s saying it’s the best option for new or inexperienced crypto investors. Risky […]
Ripple’s cross-border token has slightly retraced over the past week, yet certain indicators suggest that it might be transitioning to a bullish trend. Ethereum (ETH) failed to reach $2,500, and analysts are now divided on its short-term performance. Dogecoin (DOGE) remains the biggest meme coin by market capitalization, with some crypto commentators expecting a price […]
The second-largest cryptocurrency recently soared to its highest level since early February, sparking hopes among bulls that a further uptrend could be on the way. However, global geopolitical tensions, the overall bearish market conditions, and other factors suppressed the price, and now the question is whether a deeper correction is coming next. What Now? Approximately […]
Ethereum is trading around $ 2,350 and is at a pivotal moment that will likely define its trajectory in the weeks ahead. The asset has spent the better part of April building a case for a genuine bullish reversal, and while that is not yet closed, the evidence on multiple timeframes is quietly accumulating in […]