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Analysis

cryptocurrency October 1, 2024

ETH’s performance against Bitcoin was less than ideal, leading to a weekly bearish structure. Until the $2.8k and $3k levels are breached, the outlook will remain bearish. Ethereum [ETH] witnessed a continued increase in gas fees as the network activity marched higher. This is attributed partly to the rising use of decentralized finance (DeFi) platforms […]

cryptocurrency September 11, 2024

Spot Ethereum ETFs recorded $11.4M in inflows for the first time in nearly three weeks. This comes as outflows from exchanges increased significantly, relieving the near-term selling pressure. Spot Ethereum [ETH] exchange-traded funds (ETFs) recorded $11.4 million inflows on 10th September per SoSoValue data. This was the first time in nearly three weeks that the […]

cryptocurrency September 1, 2024

Ethereum’s underperformance could delay the much-awaited altcoin season.  Bitcoin’s rising dominance could derail altcoin performance post-Fed rate cuts.  Ethereum’s [ETH] muted price action and the lackluster performance of US spot ETH ETFs could delay the much-awaited altcoin season. In fact, on 30th August, the US spot ETH ETFs record zero flows across the board. Advertisements […]

cryptocurrency May 21, 2024

ETH now trades at a two-month high. The number of short positions liquidated on 20th May represented the coin’s single-day highest since the beginning of the year.  Ethereum [ETH] has rallied to a two-month high after Bloomberg analysts increased the odds of the Ethereum Exchange Traded Fund’s (ETF) successful launch.  Advertisements In a post on […]

cryptocurrency May 14, 2024

Ethereum showed a bearish market structure and could be headed for $2.5k. The OBV slipped below a key level as selling pressure increased. Ethereum [ETH] was in a bearish trend on the daily timeframe after dropping below the $3k mark six weeks ago. Advertisements Reports that the spot Ethereum exchange-traded funds (ETFs) applications in the […]

cryptocurrency April 14, 2024

Ethereum saw its market structure flip bearishly on the 12-hour timeframe. The idea of a range formation would be invalidated upon a price drop below $2850. Ethereum [ETH] investors could be in trouble as prices dipped below the psychological $3k support level. Advertisements The past week saw an increased whale activity and accumulation, but the […]

cryptocurrency March 31, 2024

Bitcoin and Ethereum showcased a bullish market structure on the 12-hour chart. Key retracement levels have been defended thus far, but a retest can’t be ruled out yet. Bitcoin [BTC] and Ethereum [ETH] continued to trade within the short-term range. They have a bullish bias on the higher timeframe price charts, and whales were accumulating […]

cryptocurrency March 28, 2024

Ethereum displayed a bullish market structure on the 1-day chart. However, buyers were fighting for control and winning at press time. Ethereum [ETH] witnessed a negative Coinbase Premium after the recent retracement from $4.1k. Advertisements The complications surrounding an Ethereum ETF could explain why U.S. investors have grown less bullish on the asset in March. […]

cryptocurrency February 26, 2024

Advertisements Ethereum bulls have strong support just below the $2900 mark. A rally to $3500 could commence if the bullish sentiment continues to intensify. Ethereum [ETH] sailed above the psychological $3000 resistance on the 25th of February. It closed the daily trading session at $3014 on the 20th, but ETH dipped to the $2900 area […]