Tag: 1.8K

Ethereum bulls show interest as traders’ confidence in ETH’s $1.8K level improves

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Key takeaways: Traders remain cautious about ETH’s price action, but optimistic sentiment is beginning to return. The May 7, Ethereum Pectra upgrade could boost investor sentiment, but ETH’s price action shows investors are still hesitant to open new positions. Ether (ETH) has been trading below $1,900 since March, leading investors to question whether the failed attempt to reclaim $4,000 in December 2024 signaled the end of an era for the leading altcoin. Concerns continue to mount as derivatives market data shows that professional traders remain cautious about ETH’s price outlook. …

Ethereum holds above $1.8k, whale activity drops

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ethereum has been consolidating above the $1,800 mark over the past week while the asset witnessed a significant drop in whale activity. According to data provided by a market intelligence platform Santiment, Ethereum (ETH) whales’ activity has been constantly on a downward momentum. Ethereum whales completed 3,976 transactions, each worth at least $100,000, on Aug. 1. ETH price, supply, and whale activity – Aug. 7 | Source: Santiment At the time of writing, Santiment recorded only…

Security or not, Ethereum price looks poised to hold the $1.8K level based on 3 key metrics

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Ether’s (ETH) price retested $1,780 after the news of the U.S. Securities and Exchange Commission suing cryptocurrency exchanges Binance and Coinbase but it’s not preposterous to suggest that Ether bulls should be more than happy that its price did not break below the 67-day support.  The SEC actions are actually a double-edged sword for Ethereum and on crypto Twitter, some analysts attributed the bounce in Ether as a result of it not being listed as a security in either of the cases brought against Binance and Coinbase. For instance, the…