ethereum price – Page 2 – BitcoTasks BLOG

Road To $5,000: Ethereum Maintains Similarities With 2016 Price Movements

September 3, 2024

The Ethereum price action has significantly underperformed traders’ expectations over the past few months. Ethereum is currently trapped in a bearish trend, with its price now down by 23% over a 30-day period. This downturn contrasts sharply with the hopes of many ETH investors who have been anticipating a bullish surge following the launch of…

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Ethereum Will Remain Bearish Until This Key Trading Reading Changes

August 29, 2024

Ethereum

Ethereum is steady at press time, as is visible in the daily chart. Even though prices are floating above $2,500, ETH bulls are still weak. The coin remains inside the bear bar of August 27, technically inside a bear formation. From price action, it would take effort for bulls to take charge in the short…

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Expert Warns Ethereum Faces A ‘Slow And Painful Death’: Here’s Why

August 28, 2024

Cryptocurrency Market News

Joe Consorti, an analyst at The Bitcoin Layer and advisor to self-custody app Theya, released an incisive critique on the future of Ethereum in comparison to Bitcoin, shedding light on why he believes Ethereum is facing a “slow and painful death.” Published on X, his analysis titled “The Slow & Painful Death of Ethereum” compares…

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Ethereum (ETH) Eyes $3,000: Data Suggests Imminent Breakout

August 26, 2024

Ethereum

Ethereum is in a classic accumulation phase following its recent correction and is now targeting a $3,000 price. After dropping to $2,116 just 20 days ago, ETH experienced a significant price surge, recovering to higher levels, suggesting bullish momentum was building. This accumulation phase has drawn the attention of analysts and investors alike, who are…

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Crypto Pundit Predicts Ethereum Price Rise To $3,000, But A Crash Could Happen First

August 26, 2024

Ethereum

Ethereum price action going forward. The analyst predict that the second largest crypto token by market cap will still rise to $3,000 but noted that a crash will happen first. Ethereum To Rise To $3,000 Soon Enough In an X (formerly Twitter) post, CrediBULL Crypto shared a chart that showed that Ethereum would rise to…

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Ethereum Analyst: Bulls Must Hold $2,500, Spot ETF To Catalyze Demand

August 23, 2024

Ethereum

Ethereum, similar to most altcoins, is under significant selling pressure, struggling to shake off the weakness of early August. Even though there were flashes of strength after the climactic sell-off on August 5, prices are still below $2,800. The only positive for now, at least looking at the daily chart, is the impressive bulls’ resilience.…

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Ethereum Is Flat, and Whales Selling: More Pain to Follow?

August 22, 2024

Ethereum

Ethereum is struggling for momentum and remains under immense selling pressure. As of writing, the second most valuable coin is inside a narrow range, trending within the $2,100 on the lower end and $2,800 on the upper end. The local resistance level could mark the start of an impressive leg up, relieving the coin of…

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Ethereum Metrics Turn Positive: Can This Drive A New ATH Above $5,000?

August 22, 2024

Ethereum

The worst looks to be over for Ethereum (ETH), as certain metrics suggest that the bottom is already in for the second-largest crypto by market cap. Based on this, ETH looks to be headed for a new all-time high (ATH), surging past its current ATH of $4,800. Ethereum MVRV Shows Bottom Is In Data from…

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Ethereum Sees Major Outflow From Mega Whales – ETH Price Drops Below $2,600

August 20, 2024

Ethereum

The crypto market has been challenging, and Ethereum (ETH), the second-largest cryptocurrency, is no exception. Despite its dominant position, the token has faced significant headwinds in recent weeks, with its price showing no signs of a sustained recovery. Key Metrics Point To Continued Bearishness According to crypto analyst Ali Martinez, some of the largest Ethereum…

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Ethereum Price In Danger? Metalpha Withdraws 10,000 ETH From Lido To Binance

August 18, 2024

Ethereum

According to the latest on-chain data, a crypto company has redeemed and transferred a significant amount of Ether tokens from the staking platform Lido to the cryptocurrency exchange Binance. Could this hold a bearish consequence for the Ethereum price? Is ETH Price Preparing For Further Correction? According to data from Arkham Intelligence, digital asset management…

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Ethereum Price Wobbles As Inflation Sees 210,000 Added To Circulation

August 17, 2024

Ethereum

Recent market dynamics have again brought Ethereum’s supply into the spotlight and reiterated concerns about its inflationary trend. Earlier this year, Ethereum reached a significant milestone in its circulating supply, surpassing 120 million ETH and the number continues to grow. Unlike other prominent cryptocurrencies such as Bitcoin and Cardano, which have fixed supply caps, Ethereum…

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