Ethereum reacted to the downside and retested $4,050 against the US Dollar. ETH must recover above $4,250 and $4,300 to start a steady recovery wave. Ethereum started a fresh decline from the $4,350 resistance zone. The price is now trading below $4,250 and the 100 hourly simple moving average. There is a key bearish trend…
According to on-chain data, around 200k ETH entered exchanges yesterday, a sign that Ethereum might face more downside soon. Central Exchanges Observe Inflow Of 200k ETH As pointed out by a CryptoQuant post, more than 200k ETH entered exchange wallets yesterday. At the current rate, this amount is worth about $839 million. The relevant on-chain…
Ethereum extended decline below the $4,200 support against the US Dollar. ETH spiked below $4,000 and it might now correct higher in the short-term. Ethereum started a fresh decline from the $4,350 and $4,300 resistance levels. The price is now trading below $4,200 and the 100 hourly simple moving average. There is a new rising…
$9 billion in Ethereum was withdrawn from exchanges within the past three days, suggesting that whales might be accumulating. A Massive 2.2M ETH Exited Exchanges In The Last Three Days Alone As pointed out by a CryptoQuant post, on-chain data shows around $9 billion in Ethereum was taken off exchanges in the past few days.…
Ethereum failed to stay above the $4,250 support against the US Dollar. ETH could extend losses below $4,000 if it fails to recover above the $4,250 resistance. Ethereum started a fresh decline from well above the $4,350 and $4,300 levels. The price is now trading below $4,250 and the 100 hourly simple moving average. There…
On-chain data shows exchanges observed Ethereum outflows of over 100k ETH yesterday. Here’s what it may mean for the coin’s price. More than 100,000 Ethereum Exited Exchanges Yesterday As explained by an analyst in a CryptoQuant post, the netflows showed a large negative spike yesterday as more than 100k ETH exited exchange wallets. The “netflow”…
Ethereum started a fresh increase from the $4,500 zone against the US Dollar. ETH could extend upsides towards $4,850 unless it fails to stay above the 100 hourly SMA. Ethereum started a fresh increase above the $4,600 and $4,700 levels. The price is now trading above $4,650 and the 100 hourly simple moving average. There…
On-chain data shows Ethereum supply is barely changing anymore following the London hard fork. This means ETH is becoming a scarce asset now. Following London Fork, Ethereum Supply Rate Of Change Drops To Nearly Zero As pointed out by a CryptoQuant post, ETH’s supply curve has nearly flattened now as rate of change drops to…
Ethereum recovered losses and climbed above $4,700 against the US Dollar. ETH must clear the $4,850 resistance for a move towards the $5,000 level. Ethereum started a fresh increase above the $4,650 and $4,700 levels. The price is now trading above $4,700 and the 100 hourly simple moving average. There is a key rising channel…
Ethereum traded to a new all-time high above $4,800 before correcting lower against the US Dollar. ETH could start a fresh rally unless there is a break below $4,650. Ethereum started a downside correction below the $4,750 and $4,700 levels. The price is now trading above $4,650 and the 100 hourly simple moving average. There…