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Year: 2026

cryptocurrency May 8, 2026

Ethereum is experiencing a notable shift in derivatives positioning as high-leverage long positions decline sharply across the market. The reduction suggests that many overly aggressive bullish trades have either been closed voluntarily or forced out through recent liquidation events. Advertisements Could Ethereum Be Preparing For A Short Squeeze Next? Crypto investor and data analyst known […]

cryptocurrency May 8, 2026

Advertisements Several Ethereum metrics suggest the ETH price could see further downside due to reduced demand and weakening network fundamentals. Ether’s (ETH) price has retraced by over 5.6% to $2,275 after being rejected by resistance at $2,400. Now, multiple data points suggest ETH/USD may drop below $2,000. Key takeaways: Advertisements Ethereum’s network fundamentals are weakening, […]

cryptocurrency May 8, 2026

Ethereum price started a downside correction below $2,350. ETH is now showing a few bearish signs and might decline further if it trades below $2,265. Advertisements Ethereum started a downside correction below the $2,365 zone. The price is trading below $2,320 and the 100-hourly Simple Moving Average. There is a bearish trend line forming with […]

cryptocurrency May 7, 2026

Advertisements BNY is partnering with Finstreet and ADI Foundation to offer regulated Bitcoin and Ethereum custody to UAE clients from the Abu Dhabi Global Market. BNY has partnered with Abu Dhabi-based Finstreet and ADI Foundation to develop institutional digital asset custody services for clients in the United Arab Emirates. The initial focus is on Bitcoin […]

cryptocurrency May 7, 2026

Advertisements Galaxy Digital’s Thaddeus Pinakiewicz noted that Aave is now only 10% short of recovering from the bad debt that hit its lending protocol after the Kelp DAO hack. Aave Labs has liquidated the Kelp DAO attacker’s remaining rsETH positions on Ethereum and Arbitrum, moving one step closer to fully restoring rsETH backing and compensating […]

cryptocurrency May 7, 2026

Ethereum price started a fresh increase and remained stable above $2,380. ETH is now correcting gains and might decline if it trades below $2,300. Advertisements Ethereum started a downside correction from the $2,420 zone. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line […]