Ethereum is on the cusp of reaching $4,000, but faces a potential roadblock: the US Securities and Exchange Commission (SEC). Technical Analysis Points to $4,000 Milestone Analyst Captain Faibik believes Ethereum’s price chart shows a bullish pattern, suggesting a breakout above $4,000. This optimism is based on a descending wedge pattern, indicating an end to…
Despite a strong start to the month, Ethereum’s price has struggled to hold its ground. Concerns over regulation have added to the bearish sentiment surrounding the cryptocurrency. Ethereum Flowing to Exchanges Data from CryptoQuant reveals that over $913 million worth of Ethereum has been transferred to centralized exchanges in March. This is the highest monthly…
Ethereum’s network has been buzzing with activity lately, with more people using it and more transactions happening every day. But despite this, the price of Ethereum (ETH) has been going down. Surge in Network Activity More activity on a network usually means more demand, which is good for the price. And Ethereum has seen a…
Price Movement Ethereum (ETH) has recently dipped below the 100-day Moving Average (MA) in both the 1-hour and 4-hour timeframes. This suggests a potential downward trend. Indicators Support and Resistance: Support is at $3,067, while resistance is at $3,681 and $3,591. 4-Hour RSI: The RSI signal line is below 50, indicating a downward trend. 4-Hour…
Risk Reversals Hint at Investor Concerns As Ethereum prepares for the Dencun upgrade, QCP Capital warns of a negative trend in “risk reversals.” This suggests investors are hedging against a potential price decline. The increased interest in put options, which protect against losses, reflects growing concerns. Market Leverage and Correction Fears The market’s high leverage…
Ethereum has released a major upgrade called “Dencun” that aims to make using the network more affordable. This upgrade focuses on Layer 2 (L2) networks like Arbitrum, Polygon, and Coinbase’s Base, which connect to Ethereum. Cost Savings Dencun significantly reduces transaction costs on L2 networks. Fees have dropped from dollars to cents or even fractions…
Ethereum is on the rise, and crypto analyst Ali Martinez predicts it could reach $5,000 soon. Resistance Ahead While Ethereum is currently hovering around $4,000, it faces some resistance at $4,522-$4,646. This resistance comes from 600,000 addresses holding a significant amount of ETH. Bullish Indicators Despite the resistance, Martinez believes Ethereum’s bullish momentum will continue….
Ethereum (ETH) has been on a roll, exciting investors but also raising concerns. Positive Factors ETF Approval: The potential approval of an Ethereum ETF could bring in billions of dollars from institutional investors. Bitcoin Halving: The upcoming Bitcoin halving could boost the entire crypto market, including Ethereum. Increased Short-Term Holders: Data shows a surge in…
Cost Reductions for Layer 2 Networks The upcoming Dencun upgrade for Ethereum will bring major cost savings to Layer 2 networks like Arbitrum and Polygon. Transactions that once cost $1 could now cost as little as a cent, making them much more accessible. Blobs: New Data Storage System Dencun introduces “blobs,” a new way for…
XRP, the cryptocurrency behind the Ripple network, has had a wild ride. After a year of ups and downs, including a major lawsuit, XRP is at a turning point. Technical Indicators Hint at Breakout Analysts are watching XRP’s price closely. It seems to be forming a “symmetrical triangle” pattern, which often leads to a big…
