Ether itself has remained in the same trading range since early August, with the current level of $2,700 providing two firm rejections on Sep. 27 and Oct. 21. During that period bitcoin surged from below $60,000, yesterday testing its record high from March of just shy of $73,800. Ether remains about $2,000 below its record high set all the way back in November 2021. Source
Ethereum whales have been accumulating the asset as the Oct. 23 price drop brought a buying opportunity. According to data provided by IntoTheBlock, large Ethereum (ETH) addresses saw a net inflow of over 598,000 ETH over the past week—worth $1.6 billion at the current price. The accumulation gained traction after the ETH price plunged from its local high of $2,765 between Oct. 21 and 23. ETH large holder net flows | Source: IntoTheBlock Ethereum gained 4% in the last seven days and is trading at $2,685 at the time of…
Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…
Ethereum’s price found stability within a narrow range, moving between $2,470 and $2,537 over the past day, as both oscillators and moving averages reflect neutral-to-bearish signals, indicating a pause in its short-term momentum. Ethereum The daily chart shows ethereum’s (ETH) recent trend of lower highs and lows, hinting at a bearish undertone. However, steady positioning […] Source CryptoX Portal
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Bitcoin at press time was changing hands at $68,100, ahead 2.9% over the past 24 hours. Ether (ETH) continued to underperform bitcoin and the broader market, gaining just 1.1% and touching a new 3.5 year low relative to the price of BTC. Solana (SOL) continued to outperform, rising 3.0% and marking a new record high relative to ether. Source
Binance, the world’s leading cryptocurrency exchange, is expanding its trading offerings to include a new Ethereum (ETH) layer-2 altcoin. According to the exchange, Scroll (SCR) is now available for spot trading using the pairs of SCR/BTC, SCR/USDT, SCR/FDUSD and SCR/TRY. Binance says its customers can purchase Scroll using VISA, MasterCard, Google Pay, Apple Pay or with their wallet balances. According to Binance, Scroll is a project aiming to solve Ethereum network congestion and reduce its fees. “Scroll is a Layer-2 zkRollup solution using zero knowledge proof technology to scale Ethereum,…
Some savvy traders see an overbought RSI, especially on longer duration charts, as a sign of bullish solid momentum or evidence of the path of least resistance being on the higher side. As the adage goes, the RSI can stay overbought longer than bears can stay solvent. Source
Este artículo también está disponible en español. According to an analysis from on-chain analytics firm CryptoQuant, the total Ethereum (ETH) amount in accumulation wallets has surged to over 19 million. Ethereum Accumulation Continues To Surge The analysis shared by verified CryptoQuant analyst, Burak Kesmeci, indicates that more than 19 million ETH is now held by the so-called “accumulation addresses.” In January 2024, these addresses held about 11.5 million ETH. Related Reading The rapid increase in ETH held by accumulation addresses suggests that sophisticated investors may anticipate a rally in the…
Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active…