Ethereum had a wild ride last weekend. A massive 25% price drop on Monday sent shockwaves through the crypto world – it was seriously volatile! But the price bounced back quickly, almost completely recovering its losses. Awaiting the Next Big Move Despite the fast recovery, Ethereum’s future is uncertain. It’s currently trading just below a…
Ethereum has been showing some interesting patterns lately, hinting at a potential price surge. Let’s dive into what’s happening. Capitulation Candles: A Pattern Repeats? Crypto analyst Ted Pillows has noticed something interesting: Ethereum seems to be following a repeating pattern involving “capitulation candles.” These candles mark periods of intense selling pressure, often indicating a market…
Ethereum has been struggling lately, mirroring the overall crypto market downturn. But a closer look reveals a potentially positive signal: record low outflows from derivative exchanges. Record Low Ethereum Outflows CryptoQuant analyst Amr Taha noticed something interesting: Ethereum netflows on derivative exchanges recently dipped below -300,000 ETH for the first time since August 2023. This…
Could Ethereum’s price plummet? One analyst thinks so. Ethereum’s Ascending Channel A chart analyst, Ali Martinez, recently pointed out an interesting pattern on Ethereum’s 12-hour price chart: an ascending parallel channel. Think of it as two upward-sloping parallel lines that the price has been bouncing between for a while. The bottom line acts as support…
Ethereum had a wild ride last Monday – a 30% drop in a single day! Market panic, fueled by trade war worries, was to blame. But things turned around quickly after some positive news on trade talks, sparking renewed hope among investors. A Long-Term Bullish Outlook Despite the recent volatility, a leading analyst, Jelle, points…
Ethereum had a wild ride last Monday, plummeting over 30% in a single day due to trade war worries. But things quickly turned around after some positive news, and crypto prices generally recovered. Ethereum’s Underperformance Despite the rebound, Ethereum’s performance is lagging behind other cryptocurrencies. It’s trading at historically low levels compared to Bitcoin and…
Ethereum’s price has rebounded to around $2,800 after a recent dip. This recovery seems linked to some serious whale activity. Whale Withdrawals: A Billion Dollar Exodus Data shows massive withdrawals of Ethereum from cryptocurrency exchanges. Specifically, the “Exchange Netflow” – which tracks the overall movement of ETH in and out of exchanges – spiked negatively….
Glassnode, a crypto analytics firm, says the Ethereum futures market is still running hot, even after a recent big shake-up. Ethereum Open Interest Remains High Glassnode’s latest report shows that despite a significant drop in price and a wave of liquidations, Ethereum’s open interest (the total value of outstanding futures contracts) remains above average. They…
Ethereum (ETH) experienced a wild price swing recently, dropping from around $2,900 to $2,120 before recovering sharply. This rollercoaster ride sparked a lot of debate online. A Wild Ride for ETH The dramatic price fluctuations happened on February 4th. While the price plummeted during the day, it ultimately closed with a significant 26% gain –…
Ethereum took a massive hit last weekend, dropping over 30% in a single day. This crash, part of a broader crypto market downturn fueled by trade war fears, has everyone wondering what’s next for ETH. The Big Drop and What it Means The crypto market saw a huge liquidation event, losing over $2 billion in…
