“People sold ezETH on Uniswap, and they had lower liquidity, so the slippage caused the price to drop to below $700, which caused massive liquidation on [generalized leverage protocol] Gearbox and [lending protocol] morpho,” Hitesh Malviya, founder of crypto analytics platform DYOR, told CoinDesk. Source
Ethereum price is holding gains above the $3,120 resistance zone. ETH could soon rally if it clears the $3,280 resistance zone. Ethereum extended its increase above the $3,220 resistance zone. The price is trading above $3,165 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,170 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up if it clears the $3,280 resistance zone. Ethereum Price Aims Higher Ethereum price remained in a positive zone above…
The second-largest crypto token by market cap, Ethereum (ETH), looks set to make a massive market recovery following recent buys suspected to be made by Tron’s founder, Justin Sun. Sun’s accumulation spree again highlights crypto whales’ recent bullishness on Ethereum despite fluctuating prices. Sun Allegedly Buys $405 Million Worth Of ETH In an X (formerly Twitter) post, the on-chain analytics platform Lookonchain drew the crypto community’s attention to a mysterious wallet suspected to belong to Justin Sun. This wallet is said to have bought 127,388 ETH ($405.19 million) from Binance…
Reports show that a new Ethereum (ETH) whale has been on a buying spree recently. This whale bought over $405 million worth of ETH since March 31 and is suspected to be Tron founder Justin Sun. Sun is also linked to another address that made massive ETH moves this year. A New Whale On The Horizon, Is It Justin Sun? The blockchain research platform Lookonchain revealed that a whale has gone on an Ethereum buying frenzy over the past few weeks. The newly created account started buying ETH from crypto…
Ethereum Spot Exchange-Traded Funds (ETFs) approval odds continue to witness notable pessimism as the cryptocurrency space awaits the United States Securities and Exchange Commission’s (SEC) decision on the products scheduled for May. The expectation surrounding the SEC’s decision highlights how important ETF approval is in terms of giving conventional investors more convenient access to Ethereum’s spot market. Presently, data from Polymarket, the world’s largest prediction market, shows that ETH ETF approval odds have fallen to a mere 11%. Pessimism Deepens As Ethereum ETFs Remain Uncertain As the May deadline draws…
As ethereum continues to navigate a period of significant price fluctuations, traders are keenly observing a variety of technical signals from the 1-hour, 4-hour, and daily charts. The combination of oscillators and moving averages provides a nuanced view of potential entry and exit points. Ethereum The 1-hour chart for ethereum (ETH) reveals notable fluctuations, with […] Source CryptoX Portal
“If bitcoin can hold above this level, it keeps the direct focus on that next push to a fresh record high and towards $100,000,” Kruger said. “If on the other hand we see more downside pressure that translates to a breakdown below $59,000, this will delay the short-term bullish outlook and open the door for a more meaningful correction into the $45,0000-50,000 area.” Source CryptoX Portal
The three-month ETH call-put skew flipped negative early today for the first time since January, indicating a bias for put options expiring in 90 days, according to data source Amberdata and crypto exchange Deribit. Puts offer protection to the buyer against price slides, while calls do the opposite. Source
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As Bitcoin surpasses $71,000, Ethereum holders are increasingly drawn to Kelexo’s promising defi lending platform during its presale. With Bitcoin (BTC) dominating the market after surging past $71,000, some investors are looking to diversify their holdings and explore promising opportunities in defi lending. Kelexo’s (KLXO) presale results and its unique approach within the defi space make it an attractive option for Ethereum (ETH) and Bitcoin holders seeking high-growth potential.…
Ethereum, the second-largest cryptocurrency by market capitalization, has faced choppy waters. Over the past few days, Ethereum’s price has taken a nosedive, plunging to lows of $2,800 on April 12, echoing the broader downturn witnessed across the crypto landscape. However, in the face of volatility, a fascinating development has emerged: Ethereum whales, the behemoths of the crypto world, have begun to flex their muscles, showcasing strategic maneuvers that have captured the attention and speculation of the crypto community. Strategic Accumulation Amidst Turbulence As Ethereum’s price plummeted, Ethereum whales wasted no…