Tag Archives: Ethereum (ETH) Price

Ethereum’s price has been correcting over the past few weeks after setting a local high around the $4,000 mark. While the price is yet to recover, the bull market may be far from over. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been consolidating between $3,000 and $3,600. Following the recent rejection from $3,600, the market is once again targeting the support at $3,000. The Relative Strength Index has also dropped below 50%, as...

This week, we take a closer look at Ethereum, Ripple, Cardano, Shiba Inu, and Dogecoin. Ethereum (ETH) Ethereum is found in a difficult position. The price fell by 7% this week, and now all the pressure is on the key support at $3,350. If this level fails, then the price might retreat below $3,000. The rally that started in October 2023 has finally found a local top at $4,000, which is a key resistance. For this reason, this correction is significant and may last for quite a...

Ethereum (ETH) is losing a key support level against its larger crypto rival, Bitcoin (BTC), amid a broader crypto market selloff that began on Monday. Data from TradingView shows that 1 ETH is now worth less than 0.05 BTC, trading for 0.04961 BTC at writing time. The last time the ETH/BTC ratio traded so low was in January, after a brief crypto market selloff after Bitcoin ETFs went live. The last rare period at a similar ratio was when ETH skyrocketed in April 2021, after...

After a decade of waiting, rejecting, and delaying at best, the United States Securities and Exchange Commission finally greenlighted nearly a dozen spot Bitcoin ETFs at the start of 2024. Their impact on BTC’s price has been undeniable as the demand for those products among traditional investors has skyrocketed. Now that there are existing exchange-traded funds tracking the performance of at least one cryptocurrency, the community speculates on whether there will be a...

Following a notable rejection at the substantial $4K price level, Ethereum underwent a corrective phase, experiencing a significant 25% decline. However, as the price neared the significant support of the 0.618 Fibonacci level, a rebound occurred, suggesting the potential for an impulsive surge. By Shayan The Daily Chart A comprehensive analysis of the daily chart reveals a prevailing bullish sentiment surrounding Ethereum, with the price briefly surpassing the critical and...

Ether (ETH) has lost more than 11% of its value in the past six days, falling from $4,000 to $3,500, but a vast majority of its holders are still in profit. According to a tweet by crypto market intelligence platform IntoTheBlock, around 89% of ETH holding addresses are currently in the green. 89% of ETH Holders in Profit Ether’s price began to slump on March 13 after the Dencun upgrade. Recall that the upgrade was launched to slash Ethereum-based layer-2 solutions’...

Ethereum’s price has finally reached a significant obstacle following months of rallying. Yet, there are still reasons to be optimistic that the market can climb higher. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been rejected from the $4,000 resistance after rallying consistently since the beginning of February. The price has dropped to the $3,600 support level, which is currently holding. If ETH rebounds from here, the market might...

The Ethereum network’s activity and supply dynamics have remained positive over the first hours after Dencun, the most complex hard fork since the Merge, was launched on the blockchain. The latest weekly report from CryptoQuant said Ether (ETH) faces a risk of price correction in the short term despite positive network activity. Ethereum Network Dynamics Are Positive The Dencun upgrade, shipped on March 13, is designed to significantly slash Ethereum-based layer-2 networks’...

Solana has been highly favored among altcoins, yet its reputation took a hit due to significant network outages. Despite the overall market surge and renewed investor confidence in 2024, inflows into digital asset investment products associated with Solana were not substantial. However, there are signs of a gradual shift in this trend as Solana investment products gathered pace once again. Solana Rebounds with $24M Inflows According to CoinShares’s latest edition of the...

Ethereum’s price has been rallying rapidly over the last few weeks, breaking past several resistance levels. Yet, the price has reached a significant level that could hold the market for a while. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been steadily rising, making higher highs and lows. The market has left the 200-day moving average far behind, a behavior typically seen during crypto bull markets. Currently, the ETH price is trying...