Ethereum has been able to capture some notable upwards momentum today, surging towards its key near-term resistance at $210 as the aggregated crypto market pushes higher.
This has allowed the crypto to narrowly avoid seeing massive losses stemming from a previously bearish market structure that it had formed.
ETH isn’t completely out of the woods yet, however, as analysts are still noting that it needs to firmly claim and defend a position above $210 if it is to push any higher in the days and weeks ahead.
Ethereum Moves Higher Alongside Aggregated Crypto Market
At the time of writing, Ethereum is trading up just under 2% at its current price of $210.
This happens to be a key near-term level that the cryptocurrency needs to firmly surmount before its daily candle closes, or else it could be positioned to see further weakness in the days ahead.
It is important to note that although ETH has pushed higher today, it is still trading down nearly 3% against its Bitcoin trading pair – a sign that it is still plagued by some underlying weakness in spite of today’s upswing.
One popular pseudonymous crypto trader spoke about the importance of it not declining any further against Bitcoin in a recent tweet, telling his followers that ETH/BTC has now reached a key level that must be ardently defended.
“If you’re bullish on the ETH / BTC pair, this level needs to hold on a HTF basis,” he said while pointing to the levels marked on the below chart.
Image Courtesy of Bagsy
This analysis comes shortly after another trader noted that a failure for it to push into the mid-$200 region could ultimately lead it down into the sub-$100 region.
“ETH / USD 3D TF – As you can see, market structure is still very much in favour continuation of the Bearish trend… you would want bulls to turn out asap or [good game]” he explained.
Bull’s ongoing attempt to boost the crypto may have allowed it to narrowly avoid this grim path forward.
ETH Flashing Signs of Bullishness on its USD Trading Pair as Analysts Go Long
The cryptocurrency is also flashing signs of strength on its USD trading pair that could help it climb higher against BTC.
Another trader explained that he is closely watching for Ethereum to decisively flip the resistance it faces at $210 into support, as this could trigger another uptrend.
“ETH – Picked up some more Ethereum just below $208. Room to add lower if needed. There are significant structural differences between Bitcoin and Ethereum after Bitcoin’s breakout today. I’d like to see $210 flip into support to further confirm my argument.”
Image Courtesy of UB
As Ethereum’s daily candle close fast approaches, whether it is able to close above this level could offer significant insights into where it goes next.
Featured image from Unplash. origin »
Ethereum, the largest altcoin by market capitalization, is trading at surprisingly low levels compared to its peers, raising concerns among investors. As the broader crypto market shows signs of strength, Ethereum’s underperformance has sparked fears that this cycle may not deliver the returns many expected from the leading altcoin.
Amid the broader decline in the global crypto market, Ethereum emerged as one of the major cryptocurrencies that has been impacted significantly. Despite already being underperformed in the recent bull run, Ethereum has now experienced a notable correction, dropping to as low as below the $3,500 price level in recent weeks.
Ethereum DeFi altcoins are receiving renewed attention as the cryptocurrency market struggles with recent price falls following the US Federal Reserve’s announcement of a rate cut. RCO Finance, an Ethereum-based altcoin set to enter the market in 2025, is one of the most talked-about entrants.
Ethereum’s staker revenue has taken a sharp dive, plunging 30% since March to reach just $174 million in September, mirroring the broader downturn in the crypto market and reduced on-chain activity.
As the next bull market approaches, certain digital coins show promise to outshine Bitcoin and Ethereum. These emerging altcoins are generating buzz and capturing attention with their potential for impressive gains.
Data gathered by CoinGecko reveals that Ethereum and TRON dominate the stablecoin market, holding a combined $144.4 billion, or 83.9%, of all stablecoins. Blockchain networks Ethereum and TRON continue to dominate the stablecoin market, holding a combined share of nearly…
Ethereum high order books signal rally's peak.
ETH might be in a bear market but let's find.
Ethereum [ETH], the largest altcoin, continues to capture attention due to its scalability and wiThe post Ethereum heading for a bear market? Latest order book trends reveal clues appeared first on AMBCrypto.
There is some activity in the crypto market as some heavyweights emerge with surging momentum. You may have noticed the recent headlines surrounding Ripple (XRP), Ethereum (ETH), and the new boy on the block, Rexas Finance (RXS), all due to their upside prospects.
As the cryptocurrency market navigates through uncertain waters, Ethereum (ETH) has been facing a bearish sentiment, with market fluctuations and dwindling confidence among investors. Amid this, a surprising contender, Mpeppe (MPEPE), has emerged as a beacon of hope, drawing investors seeking profits amidst Ethereum’s turbulent phase.
Ethereum's key support is at risk, with bearish indicators hinting at a drop below $2,000 unless strong buying pressure emerges.
The post Ethereum (ETH) Could Soon Say Goodbye to the Bull Market appeared first on BeInCrypto.
The cryptocurrency market has experienced a turbulent day, raising questions about the sustainability of Ethereum’s DeFi sector. Bitcoin (BTC) has dropped by 2. 73%, settling at $58,000, while Ethereum (ETH) fell by 4.
The Pi Cycle Top indicator revealed that ETH's possible market bottom was at $3k.
Most metrics looked bullish on ETH, but a few market indicators suggested otherwise.
After a week of neaThe post Ethereum's next rally depends on breaking $2,850 ASAP – Here’s why appeared first on AMBCrypto.
What do experts think about Ethereum’s potential to reach $18,000 soon? Analyzing the latest predictions and market trends. August 5 marked what many are calling crypto black Monday, a day of intense market turmoil that saw Ethereum (ETH) and other…
While Bitcoin’s market cap of $1.41 trillion significantly outpaces Ethereum’s $458.91 billion by a factor of 3.1, a closer look at wallet data reveals an intriguing narrative. Ethereum’s decentralized finance (DeFi) ecosystem, staking activities, and smaller average wallet sizes contribute to a higher number of unique holders. Specifically, Ethereum boasts […]
With the bull market drawing closer, Ethereum has been one of the top-performing altcoins in the market. The odds of Ethereum ETF approval recently rose to 85%, triggering a massive rally for the top altcoin.
Ethereum is at risk of falling to $2500 according to a recent investor advisory by 10X Research, citing weakened fundamentals and poor performance in the current market cycle.
The post Ethereum Market Turmoil: Analysts Predict Drop to $2500 appeared first on BeInCrypto.
As the clock ticks closer to the end of today, May 3, the cryptocurrency market braces itself for potential upheavals, with roughly $2. 4 billion worth of Bitcoin and Ethereum options set to expire.
In recent weeks, Ethereum has displayed subtle signs of recovery amidst a generally bearish crypto market, with the altcoin mimicking Bitcoin’s modest uptrend. Despite Ethereum’s price increasing slightly by 0.
The Ethereum layer 2 scaling solution platform $METIS has experienced a further decline of 7% today, adding to its losses of 40% over the past 7 days. The platform’s performance reflects the ongoing volatility in the cryptocurrency market.
Developments surrounding Ethereum, the second-largest cryptocurrency by market capitalization, have created a buzz in the crypto market. The prospects of approval for spot Ethereum exchange-traded funds (ETFs) have slumped amid the latest news, resulting in bearish sentiment.
The price of Ethereum, the second-largest cryptocurrency, has continued its impressive rally, gaining over 6% today to reach a new high of $3,287. This surge in Ethereum’s value has attracted significant attention from investors and market observers alike.
Buying sentiment was dominant in the derivatives market.
Most market indicators looked bearish and suggested a price drop.
As the market turned bearish in the last few hours, Ethereum [ETHThe post Ethereum: How whale activity can pave way for high ETH prices appeared first on AMBCrypto.
ETH’s selling pressure was stronger than buying pressure.
The market's sentiment shifted from neutral to greed, indicating a potential rise in buying in the days ahead.
Ethereum [ETH] contThe post Assessing Ethereum's weekend slip and what's next for the market appeared first on AMBCrypto.
High MVRV values suggest Ethereum Name Service, Arbitrum, Mantle, Maker, and Ethereum are overbought. Investors must consider market volatility and unique crypto characteristics before deciding to sell in this dynamic market environment.
Ethereum's robust development continued with confirmed testnet upgrades.
ETF developments and changing options market sentiment added more layers to the Ethereum narrative.
Despite recent maThe post Ethereum on track for Dencun upgrade despite market volatility appeared first on AMBCrypto.
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has exhibited a promising technical development, igniting optimism within the crypto community. The formation of a bullish flag pattern within the daily timeframe has captured the attention of analysts and traders, hinting at potential positive movements in the near future.
Amid the ongoing cryptocurrency bear market, Ethereum has seen its valuation decline substantially from all-time highs. However, the second-largest blockchain network still boasts a market capitalization greater than that of major global corporations like McDonald’s and Pfizer.
Ethereum's Open Interest has rallied steadily since the beginning of September.
With prices down 5% this month, spot market traders stall on accumulation.
Ethereum [ETH] futures Open InteresThe post As Ethereum's market direction remains unclear, what now? appeared first on AMBCrypto.
Technical analysis expert, Mags (@thescalpingpro), has unveiled insights into Ethereum’s current market trends, comparing them to its historical performance. He explores Ethereum’s resilience, market dynamics, and recovery patterns, providing a nuanced perspective for investors and traders interested in Ethereum.
Average daily trade volume across Ethereum’s derivatives market has fallen to new lows in 2023.
Following the Shanghai Upgrade, liquidity has gradually exited the futures markets.
In theThe post Ethereum derivatives market cools as prices extend decline appeared first on AMBCrypto.
The Ethereum (ETH) market has been gripped by escalating bearish sentiment as the taker buy-sell ratio, a critical indicator of market dynamics, plunged to a yearly low. This downward trajectory has sparked concerns among investors and traders, highlighting the prevailing pessimism in the Ethereum futures market.
Apart from hashrate, the blockchain’s mining difficulty gained upward momentum.
ETC was down by over 2% in the last seven days, and a few indicators were bearish.
After Ethereum [ETH] tuThe post Here's how Ethereum Classic is navigating the current market appeared first on AMBCrypto.
The latest Bankless report indicates that Ethereum network revenue plummeted to $847 million from $1. 27 billion during Q2 2023. The figure represented a notable 33. 3% decline. Also, the second-largest blockchain by market cap recorded plunged daily active users.
Last week, the likes of Ethereum in the crypto market were shaken when the United States Securities and Exchange Commission (SEC0 revealed that it found the Bitcoin Spot ETF filings of giants such as BlackRock and Fidelity, among others, inadequate.
The cryptocurrency market recently experienced a net inflow of $40 billion, with Bitcoin and Ethereum's market cap showing significant growth. Top assets, including Cardano and Ethereum, posted gains over 6%.
Ethereum network's validator numbers remained steady despite bear market.
Decreased whale interest, network growth, velocity, and trader sentiment raised concerns.
Validators on Ethereum [ETThe post Ethereum's future hinges on validators amidst declining interest and market trends appeared first on AMBCrypto.
Zero-knowledge, staking and MEV are among the core tech concepts that have continued to attract attention amid the market slump. Valid Points is CoinDesk’s weekly newsletter breaking down Ethereum’s evolution and its impact on crypto markets.
Ethereum, the world's second-largest cryptocurrency by market capitalization, is set to come out ahead of Bitcoin in the next bull market, according to Bloomberg’s senior macro strategist
Ethereum’s market cap fell below stablecoins' market cap
The number of transfers and fees declined
The FUD (fear, uncertainty, and doubt) surrounding the crypto market is the reason why The post Are stablecoins giving Ethereum a run for its money? This new report suggests… appeared first on AMBCrypto.
Ethereum has been one of the cryptocurrencies that have received major support from the crypto community regardless of how the price performs in the market. Since the Ethereum Merge was completed, though, the digital asset has not performed as well as expected.
Analysts said that two of the biggest cryptocurrencies in the world are riding on the waves of positive sentiments as the exchange-traded funds of Bitcoin and Ethereum reached record highs. The pro-cryptocurrency stance of US President-elect Donald Trump continues to fuel the positive outlook, propelling BTC and ETH to attain unprecedented levels. Related Reading: Operation […]
On Monday, the State of Michigan revealed substantial investments in cryptocurrency exchange-traded funds (ETFs) for Bitcoin and Ethereum in a 13F filing with the US Securities and Exchange Commission (SEC).
For years, Ethereum has established itself as the second-best competitor to Bitcoin regarding technology, innovation, and use cases. If many consider Bitcoin as ‘digital gold,’ Ethereum would be ‘digital silver.
According to veteran trader Peter Brandt, Ethereum might have just seen its future looking brighter. Known for his technical forecasts, Brandt feels the altcoin is on the verge of a bullish turnaround.
On-chain data shows the Ethereum adoption rate has hit a four-month high, which could be bullish for the cryptocurrency’s price. Ethereum Network Growth Has Shot Up Recently According to data from the on-chain analytics firm Santiment, the ETH blockchain has recently created many wallets.
Ethereum (ETH) is currently facing significant selling pressure and fear after a 23% decline, bringing its price down to yearly lows at $2,200. One major concern for investors is the ongoing underperformance of ETH compared to Bitcoin, a trend that has persisted since September 2022.
On-chain data shows Ethereum has notably outpaced Bitcoin in terms of adoption during the last three months, a sign that could be positive for ETH. Ethereum Has Seen Its Holder Count Go Up By 3.3% In Last Three Months According to data from the on-chain analytics firm Santiment, Ethereum has continued to separate itself from […]
