Tag Archives: ethusd

Ethereum has been oscillating within the critical $3.5K–$4K range, with its price recently finding support near the lower boundary at $3.5K. Following this rebound, the bulls are attempting a renewed push toward the $4K resistance level. Technical Analysis By Shayan The Daily Chart The upward momentum in Ethereum’s price met a pause at the $4K resistance, which has proven to be a key selling zone. This rejection led to a decline toward the lower boundary of the range at...

TL;DR Analysts predict ETH could hit $5,000 or even $10,000, with key resistance at $3,750 signaling a potential breakout. Rising daily active addresses and positive network growth suggest increasing Ethereum adoption, supporting a bullish outlook. Where’s ETH Headed Next? The second-largest cryptocurrency was on a tear last week, with its price briefly surpassing $4,000 on December 6. This was the highest level witnessed since March 2024. Since then, though, ETH started...

ETH has finally joined the bull party as its price shot up to over $4,000 for the first time since March this year. This spectacular surge comes on the heels of the growing interest and demand for the spot Ethereum ETFs, as Thursday was the best day ever in terms of net inflows. ETHUSD. Source: TradingViewOn the day the US presidential elections were decided – November 6 – ETH’s price struggled at around $2,500. The rest of the market was in anticipation of the results but...

Ethereum has been exhibiting strong upward momentum, with a recent surge pushing the price toward the crucial $4K resistance region. As it approaches this major resistance, there is potential for further gains, although short-term corrective consolidations are likely due to the overbought conditions. Technical Analysis By Shayan The Daily Chart After successfully reclaiming the $3.5K resistance level, Ethereum has continued its bullish trend, reaching the significant $4K...

The Ethereum Foundation – a non-profit entity that supports the second-largest blockchain – sold 100 ETH for 334,315.7 DAI on November 12th. The sale represents the foundation’s first ETH transaction since releasing its 2024 report last week. Ethereum Foundation’s ETH Sales According to the popular blockchain analytics platform ‘Spot On Chain,’ in 2024 alone, the Ethereum Foundation sold 4,266 ETH, raising $11.83 million at an average price of $2,773 per token. In September,...

Following former president Trump’s 2024 election victory, the cryptocurrency market has experienced a surge in optimism and buying interest. Ethereum was no exception, with its price spiking by 10% at one point, reaching the critical resistance level of $2.5K. A sustained break above this threshold could further fuel bullish momentum. Technical Analysis By Shayan The Daily Chart On the daily chart, Ethereum saw heightened buying activity near the $2.3K support, which...

The State of Michigan Retirement System (SMRS) has significantly increased its Ethereum (ETH) holdings, raising its investment to $10 million and surpassing its Bitcoin (BTC) allocation. This move makes Michigan the first U.S. state pension fund to invest in an Ethereum-based exchange-traded fund (ETF). Michigan Pension Fund’s Crypto Portfolio SMRS, which boasts more than $13 billion in assets, began exploring cryptocurrency earlier this year as part of a broader...

The landscape around the spot Bitcoin ETFs turned highly positive in the past week, with the products attracting more than $2 billion in net inflows. This has become their best five-day trading period in this regard since mid-March. Massive Inflows for BTC ETFs It’s safe to say that it was a big week for the 11 US-based spot Bitcoin ETFs, with several multi-month peaks, such as BlackRock’s best day since July on Wednesday. The total net inflows rose above $20 billion that...

Ethereum has reached a decisional point at the head and shoulders neckline and the 100-day crucial moving average. A potential breakout will likely lead to a significant surge due to a massive short liquidation cascade. The price action in the coming days will play a crucial role in determining ETH’s broader prospects. Technical Analysis By Shayan The Daily Chart Ethereum has reached a decisional point at a crucial resistance region consisting of the Head and Shoulders...

Ethereum is in a crucial phase, with an inverted head and shoulders pattern forming on the daily chart and a double-bottom pattern on the 4-hour chart, both pointing toward the possibility of a slight bullish reversal. The $2.7K neckline and $2.1K support level will be key areas to watch, as a breakout or breakdown will determine the next primary direction. By Shayan The Daily Chart Ethereum is undergoing a descending consolidation phase, with no clear directional bias...