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Day: July 8, 2021

3 reasons why Ethereum exchange reserves are falling to new lows

cryptocurrency July 8, 2021

Advertisements Ethereum held in exchange reserves reached a new low after a surge in Ether staked in Eth2 and the approach of the long-awaited London hard fork. Over the past week, astute crypto market analysts noticed some interesting developments related to the supply of Ether (ETH) as the network’s August 4 London hard fork approaches. Recent […]

Ethereum’s Conflicting On-chain Metrics Hint at a Retest of $1,750

cryptocurrency July 8, 2021

Advertisements Ethereum’s current on-chain metrics provide a 50:50 probability of ETH going either way However, similarities between the 2017/18 cycle and the current environment, point towards a dip by Ethereum  Ethereum has also printed a rising wedge pattern that provides further proof of a pending pullback to lower levels of $1,750 Implementation of EIP1559 could […]

TA: Ethereum Tops Near $2,400, Indicators Point Another Bearish Wave

cryptocurrency July 8, 2021

Ethereum started a fresh decline after it failed to surpass $2,400 against the US Dollar. ETH price could decline further if it fails to stay above the $2,250 support. Advertisements Ethereum is slowly moving lower below the $2,300 support zone. The price is now trading below the $2,280 support and the 100 hourly simple moving […]

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