Ethereum (ETH) has been projected by prominent crypto analyst Jelle to surge to $5,000 by the end of this year. This forecast is based on a technical perspective with Ethereum currently stabilizing above the $3,500 mark after a correction from its March high of over $4,000. Jelle’s insights indicate significant bullish potential for Ethereum, especially
Ethereum
Recently, the Ethereum Foundation made a significant transaction involving millions of Ethereum (ETH) tokens. This move raised eyebrows within the crypto community, as transactions by this non-profit organization often have a notable impact on the price of the second-largest cryptocurrency. According to crypto journalist Colin Wu, a wallet associated with the Ethereum Foundation transferred a
There has been a recent update from Bloomberg analysts Eric Balchunas and James Seyffart regarding the anticipated launch of Spot Ethereum ETFs. Balchunas took to social media to share that they have adjusted their forecasted launch date to July 2nd. They have received information that the SEC has provided feedback on S-1 filings from fund
Recently, Ethereum has experienced a surge in notable withdrawals from centralized exchanges, indicating that crypto whales are anticipating a potential recovery in price. This increase in withdrawals has caused the ETH balances on exchanges to plummet to their lowest level since 2016. Crypto analyst Ash Crypto highlighted the significant shift in the amount of ETH
The current state of the Ethereum market shows some weakness, with prices tumbling approximately 15% from March 2024. However, despite this downward pressure, on-chain data points to a more bullish sentiment. One key factor contributing to this positive outlook is the increased demand for ETH from permanent holders, who are most likely institutions with deeper
The Ethereum price has shown signs of weakness as it failed to recover above the $3,650 resistance level. In fact, ETH declined below the $3,550 support zone and is now displaying bearish tendencies below $3,600. The price is currently trading under $3,550 and below the 100-hourly Simple Moving Average. There is a significant bearish trend
Ethereum price recently made an attempt to clear the $3,720 resistance level, however, it failed and started a decline. The price is now at risk of further losses below the $3,550 support zone. This failure to break through the resistance is a concerning sign for Ethereum investors and traders. Looking at the hourly chart of
The recent spike in the price of Ethereum (ETH) has brought the cryptocurrency close to the $4,000 mark, sparking renewed market enthusiasm. This surge can be attributed to the US Securities and Exchange Commission’s (SEC) approval of Ethereum ETF applications by major asset managers. According to a report by CoinShares, digital asset investment products have
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently experienced a significant price movement below the 4-hour Simple Moving Average (SMA). This development holds significance for traders and investors alike, as it can provide insights into short-term market sentiment and momentum. Beyond technical analysis, factors such as broader market conditions, investor behavior, and fundamental
Ethereum price recently experienced a downside correction from the $3,885 resistance zone. The price is now back below $3,800 and might continue to slide towards $3,720. This correction came after Ethereum failed to clear the $3,880 resistance level, signaling a potential shift in the market sentiment. Technical indicators such as the 100-hourly Simple Moving Average