Tag Archives: Ethereum (ETH) Price

Ethereum witnessed its strongest week in terms of capital inflow since March, with total inflows amounting to $69 million over the past week, as per the latest stats by CoinShares. The latest influx can be attributed to the surprise decision by the US Securities and Exchange (SEC) to allow spot Ether ETFs. As a result, Ethereum’s YTD inflows surged to almost $81 million. The improvement in investment products based on Ethereum had a significant impact on other digital asset...

“It is only a matter of time until Bitcoin makes a new all-time high,” said 10x Research CEO Markus Thielen in a note on June 7. The analyst has observed a “head and shoulders” chart pattern, which is nearing completion. This could result in a “rally towards 83,000 soon,” he said, predicting that this may occur within the next week if resistance is broken. However, bitcoin did hit resistance and retreated to just over $69,000 on June 7. Nevertheless, the analyst remains...

Following the recent rally of the broader crypto market, a large percentage of the circulating supply of most cryptocurrencies is currently in profit. Market intelligence platform Santiment has revealed that bitcoin (BTC) and ether (ETH) are the top dogs in terms of long-term investment profitability, surpassing assets like Chainlink (LINK), Dogecoin (DOGE), Ripple (XRP), and Cardano (ADA). Crypto Assets in Profit The percentage of a cryptocurrency’s supply in profit is...

Ethereum is seeing a turnaround in sentiment owing to the SEC approval of a spot Ether ETF that is set to go live sometime next month. According to CoinShares’ latest report, Ethereum-based investment products experienced a second consecutive week of inflows marking a reversal from a 10-week outflow streak amounting to $200 million. Over the past week, Ethereum saw $33.5 million in inflows which pushed its monthly inflows upwards of $21 million. Altcoins Follow Ethereum’s...

Ethereum’s price has spiked significantly following its ETF approval. However, the market is yet to break its recent high. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price broke above the large descending channel back in May. However, it has been consolidating between the $3,600 and $4,000 levels since, failing to continue its upward trajectory. Yet, with the Relative Strength Index still showing values above 50%, the momentum is seemingly...

Ethereum’s recent momentum appeared to have slowed down, largely due to the pause in ETF-related excitement. Despite this, there is a significant accumulation trend among large holders a.k.a whales, even as ETH’s price remains below $4,000. Massive Increase in Ethereum Whales According to the latest Glassnode data, shared by popular crypto analyst Ali Martinez, there has been a notable rise in Ethereum addresses holding 10,000 or more ETH. This shift from distribution or...

Bitcoin and Ethereum have managed to pull crowds with stunning rallies this year. With the approval of their respective spot ETFs, the world’s largest cryptocurrencies are expected to attract billions. As such, popular analyst Lark Davis has made bold predictions for the top assets. Bold Predictions For Bitcoin and Ethereum In a recent tweet, Davis predicted that Bitcoin will soar to $150,000 and Ethereum will reach $15,000, driven by market dynamics. He points to the inflows...

Following a significant surge toward the $4K resistance level, Ethereum’s native token has encountered increased selling pressure, resulting in a slight consolidation. The price is expected to fluctuate within a tight range and experience increased volatility before making its next significant move. By Shayan The Daily Chart The daily chart shows that Ethereum experienced renewed demand and buying pressure near the critical $3K support level, which aligns with the 0.5...

This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Polkadot. Ethereum (ETH) Ethereum finally woke up this week after testing the support at $2,800 and closed with a 7% price increase. Nevertheless, ETH made a new yearly low against Bitcoin. The resistance is at $3,350 and if this momentum continues, it could be tested by the bulls in the coming days. Ideally, Ethereum will break higher soon and return on an uptrend. Looking ahead, ETH could be...

More than 19 months after Ethereum’s historic Merge upgrade, the data is clear: the network’s native asset, Ether (ETH), is not keeping up with Bitcoin (BTC). The ETH/BTC price ratio tapped another three-year low on Thursday at 0.044, with Ether last experiencing less market dominance against Bitcoin in May of 2021. Why Does ETH Keep Dumping Against BTC? The trend has been offputting and confusing for Ethereum bulls, of whom many assumed ETH would become a more appetizing...