Ethereum’s price hasn’t been keeping up with Bitcoin’s recent surge. While Bitcoin hit a new high, Ethereum is still below $4,000. But some analysts see this as a temporary setback. A Bullish Outlook Crypto analyst CryptoBullet thinks Ethereum’s price action resembles its January 2021 rally. They predict a possible dip to around $3,700 this week,…
Ethereum is trying again to break past $4,000, getting closer to its record high. But there’s some uncertainty. Will it keep climbing, or will it fall behind other blockchains? A Triangle of Tension Recent price action shows Ethereum building momentum. Analyst Carl Runefelt points out a symmetrical triangle forming on the hourly chart. This pattern…
Ethereum is trying to break past the crucial $4,000 mark, getting closer to its all-time high. While some think it might underperform this time around, Ethereum keeps proving its strength, bouncing back from dips and maintaining a positive price trend. Positive On-Chain Data Good news! Recent data shows Ethereum’s network is buzzing. Things like the…
Ethereum (ETH) has been stuck around the $4,000 mark lately, but there’s some good news. A new support level has emerged, suggesting things might be looking up. A Solid Support Base Crypto analyst Ali Martinez spotted a key support zone between $3,700 and $3,810. A whopping 3 million wallets bought 4.6 million ETH in this…
Ethereum’s price dipped slightly last week, following the trend of other altcoins. But there’s some interesting activity happening on the network itself. High Network Fees: A DeFi Boom? Ethereum network fees jumped 18% last week, hitting a nine-month high of $67 million. Analysts say this is likely due to a combination of factors: Bitcoin’s price…
Ethereum (ETH) is on the rise! After a recent dip, it’s bounced back strongly, gaining 4.7% in the last 24 hours. This has analysts buzzing, with some predicting even bigger gains are on the horizon. Ethereum’s Recovery Just a week ago, ETH briefly topped $4,000 for the first time in nine months, getting close to…
Ethereum (ETH) is making some interesting moves, and analysts are buzzing about what it all means for the price. Recent data shows some strong signs that ETH might be ready to take off. Big Money is Buying ETH CryptoQuant, a crypto market data provider, has noticed some key trends: Huge Accumulation: A massive amount of…
Ethereum (ETH) has been on a bit of a rollercoaster lately. Let’s break down what’s happening. Retail Investors Sell, Institutions Buy The price recently dipped below $4,000, a psychologically important level. Data from Binance shows that many retail traders were selling around this point. This negative sentiment has been building since early November. However, there’s…
Ethereum’s price recently climbed above $4,000, but has since leveled off. Analyst Burak Kesmeci, however, sees a positive future for the cryptocurrency. Increased Activity on the Ethereum Network Kesmeci points to a significant increase in Ethereum’s active addresses as a key indicator of sustained growth. Since the US elections in November, active addresses jumped 36.26%,…
Ethereum (ETH) is having a moment. It recently hit a new yearly high of $4,096, just a hair’s breadth from $4,100. This is exciting news, especially considering the overall market volatility. Big Spenders Fueling the Rise What’s really interesting is the huge jump in large Ethereum transactions. Analyst Ali Martinez from IntoTheBlock noticed a massive…
