The recent surge in Bitcoin and Ethereum prices has left short-term traders reeling from massive liquidations, with over $330 million being wiped out from the crypto market in just one day. According to Coinglass data, more than 78,000 crypto traders have seen their positions liquidated, resulting in significant losses for many. In a surprising turn
Ethereum
Cryptocurrency analyst Jelle has recently identified a falling wedge pattern on Ethereum’s chart, indicating a possible bullish signal in technical analysis. This pattern, coupled with Ethereum’s reclaiming of the 100-day Exponential Moving Average (EMA), suggests a momentum that could lead to a breakout. If Ethereum manages to break past the upper boundary of the wedge,
One crypto analyst has recently made a bold prediction regarding the future of Ethereum (ETH). This analyst, known as ‘Yoddha,’ has set a timeline for when Ethereum, the world’s second-largest cryptocurrency, is expected to embark on a significant rally to new all-time highs above $10,000. According to Yoddha, Ethereum is anticipated to see a massive
Recently, Ethereum (ETH) has been making waves in the cryptocurrency market with signs indicating a potential rebound in the near future. Analysts, such as Ali, have been closely monitoring various technical indicators to predict the trajectory of the price movement. One key signal that Ali highlighted is the TD Sequential indicator on Ethereum’s daily chart,
Crypto analyst Javon Marks recently pointed out several bullish metrics for Ethereum (ETH), one of which is the formation of a bull flag-like price structure on the Ethereum chart. This pattern typically indicates a continuation of an upward trend, suggesting a possible all-time high (ATH) for the second-largest crypto token. Marks also highlighted the formation
The recent data from Deribit reveals a growing interest in higher strike prices for Ethereum options in June. Traders are focusing on levels exceeding $3,600, with a concentrated bet on calls surpassing this price. This indicates a bullish sentiment toward Ethereum’s near-term trajectory. The most favored strike price among these optimistic bets is an ambitious
Recent data shows that Ethereum (ETH) has experienced a significant decline of 6.45% in the past week, causing concern among investors. Over the last few months, Ether has seen a substantial drop in price, totaling a decline of 16.57%. This downward trend has left many investors disappointed and uncertain about the future performance of the
The Ethereum Foundation, a non-profit organization that supports the Ethereum ecosystem, has recently made a significant transfer of ETH that has caught the attention of the crypto community. On May 8, the Foundation transferred 1,000 ETH ($3 million) to a middle multi-signature wallet (0xbc9), as revealed by on-chain analytics platform SpotOnChain. This transaction has raised
Recently, the Ethereum price has been closely tracking the movements of Bitcoin. As Bitcoin experiences a downtrend, Ethereum seems to be following suit. However, upon closer inspection, it appears that Ethereum itself is facing some bearish fundamentals that could pave the way for further decline. One crypto analyst, known as Shin Forex, has shared an
In the midst of a tumultuous period for the crypto market, prominent figure and CEO of Into The Cryptoverse Benjamin Cowen has stepped forward to share his thoughts on the recent downtrend in the Ethereum/Bitcoin (ETH/BTC) pair. Cowen’s analysis delves into the intricate relationship between the pricing of Ethereum and Bitcoin, as well as the
