2020-9-1 14:42 |
The price of Ether hits a 19-month high against Bitcoin as user activity on Ethereum spikes to multi-year highs.
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Ethereum briefly rallied to $2,400 on Trump-Iran ceasefire optimism and easing oil fears. Sentiment lifted risk assets, with BTC leading the charge with prices rising above $75k. ETH price outlook includes an ascending channel and bullish RSI.
Key takeaways ETH is up by less than 1% and now trades above $2,050. The bulls defended the $2,000 support level, with further upward movement on the card. Ethereum is up by less than 1% at the time of writing on Friday, halting the bearish performance that gripped the market on Thursday.
The latest on-chain data shows that a prominent Ethereum whale has returned to the crypto market over the past week, as the ETH price persists above the $2,000 level. ETH Whale Held $538M In Crypto In 2022 According to data from Arkham Intelligence, an Ethereum OG whale known as thomasg.eth has been on an Ether […]
Ethereum price was poised above the $2,150 level. Bulls were showing resilience as a whale re-accumulated $111 million worth of ETH. Another move above $2,000 could push prices towards the $2,500 resistance.
The Ethereum Foundation (EF) announced that it has completed an over-the-counter (OTC) sale of 5,000 ETH over the weekend. According to the organization’s disclosure, proceeds from this sale will be directed towards its core operations and other activities.
Ethereum price hovered just above $2,000 as whales moved ETH off exchanges. Large holder activity sees Ethereum exchange balances fall by over 74,000 ETH this week. Bulls could eye $2,188 and potentially $2,600 amid a technical breakout.
A shift in Ethereum’s derivatives flow on Binance is starting to hint at a possible change in market structure, even as ETH itself remains in a corrective phase. According to CryptoQuant contributor Darkfost, the Taker Buy Sell Ratio is no longer flashing the same persistent sell-side aggression that dominated as the asset pushed toward a new all-time high.