Ethereum – Page 6 – BitcoTasks BLOG

Is Ethereum Headed For Trouble? Analyst Warns Of Surging Exchange Reserves

September 3, 2024

Ethereum, the second-largest cryptocurrency by market capitalization, has been under significant pressure in recent weeks. As its price continues to fluctuate, analysts have been observing its market signals to determine whether the current phase is one of accumulation or distribution. According to a recent analysis by CryptoQuant analyst Shayan, the Ethereum exchange reserve metric, which…

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

September 3, 2024

Ethereum

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 Price Gains May Fade Soon: Can Bulls Sustain the Recovery?

September 3, 2024

Eth

Ethereum price is attempting a recovery wave from the $2,400 zone. ETH must clear $2,550 to continue higher in the near term. Ethereum started a decent recovery wave above the $2,450 level. The price is trading above $2,500 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with…

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Ethereum Price Eyes Downside Thrust: Will It Slip Further?

September 2, 2024

Eth

Ethereum price started another decline below the $2,550 support. ETH could dive toward the $2,250 support zone before the bulls emerge. Ethereum started a fresh decline below the $2,550 level. The price is trading below $2,500 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,500 on…

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Ethereum (ETH) Struggles To Break Past $2,600: What’s Driving ETH Down?

August 31, 2024

Ethereum

Ethereum (ETH) has been trading within a daily range between $2,300 and $2,800 since the start of August. Over the past three days, the price has struggled to break past the $2,600 mark, raising concerns among analysts and investors. This performance has led to disappointment, particularly when compared to Bitcoin’s stronger showing this year. Critical…

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How Will The US Upcoming Fed Rate Cut Impact Bitcoin? QCP Analysts Weigh In

August 31, 2024

Bitcoin News

As the United States Federal rate cut is fast approaching, analysts at QCP Capital, a global digital asset trading firm and market maker has now shared their prediction on how this development could impact Bitcoin price. According to the analysts, the upcoming U.S. non-farm payroll report and Friday’s GDP data will play crucial roles in…

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Ethereum Price Freefalls 20% Following $600 Million ETH Liquidation

August 30, 2024

Cryptocurrency Market News

Ethereum has been on a wild ride lately. The cryptocurrency took a nosedive and crashed to a point where ETH changed hands around $2,550, having lost more than 20% of its value in the last 30 days. But despite this massive liquidation, Ethereum’s price forecast still looks rosy. According to Cryptorphic, Ethereum’s future could see…

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Ethereum Price Stages a Comeback, But Lacks the Bullish Punch

August 30, 2024

Eth

Ethereum price started a recovery wave from the $2,400 zone. ETH is now struggling to gain pace for a move above the $2,600 resistance zone. Ethereum started a recovery wave above $2,500 and $2,550. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend…

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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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XRP Gains Ground: 20% Of Institutional Investors Embrace The Crypto

August 29, 2024

Cryptocurrency Market News

Institutional investors are gradually giving more attention to XRP. The digital asset is marking its place next to Bitcoin and Ethereum. According to a recent survey by EY-Parthenon, more than 20% of the world’s institutional decision-makers have XRP in their basket. It isn’t a small sample choice; 277 key players comprised of COOs, CEOs, portfolio…

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Crypto Crash: $320 Million Wiped Out As Bitcoin And Ethereum Nosedive

August 29, 2024

Cryptocurrency Market News

After touching recent highs of $64,653 for Bitcoin and $2,815 for Ethereum, in a sudden move backward, the cryptocurrency market had sharply backpedaled on Thursday, with Bitcoin shedding more than 6% and Ethereum dropping more than 7%. This sudden fall has left many analysts and investors wondering about the future course of some of the…

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