Ethereum tests key support near $2,023 as traders watch $2,725 resistance and signs of a potential rally ahead. Ethereum is testing a key ascending support area as traders watch for a possible bottom formation. The ETH price is near $2,023 on the daily Bitstamp chart, after losing the lower Fibonacci zone. Market focus is now […]
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The post Ethereum Downside Pressure May Persist As Leveraged Longs Dominate appeared on BitcoinEthereumNews.com.
The Ethereum derivative market is carrying a lot of one-sided risk, and price action is starting to reflect the strain. A CryptoQuant update published on May 29 flags that leverage remains elevated, long positioning still dominates, and RSI momentum is weakening. That combination, the analysts argue, points to continued short-term downside pressure. Underneath the surface, the on-chain picture is more nuanced. Ethereum remains a leader in developer activity — BlockchainReporter’s recent developer activity rankings show the network at the top — but that hasn’t been enough to absorb the weight of overextended derivative traders. The CryptoQuant note does not mince words. Its central signal is that the futures crowd is betting heavily on upside at a time when spot market engines are sputtering. When open interest builds alongside a dominant long bias and the price fails to push
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The post Ethereum Price Struggles, Yet Whales Keep Accumulating: Here’s Why appeared first on Coinpedia Fintech News Ethereum price may be flashing weakness, but smart money appears increasingly unfazed. As ETH price trades under pressure and momentum slows, some of the market’s biggest wallets are quietly accumulating again, a move that historically tends to matter. The disconnect is raising fresh speculation across the market. Is Ethereum simply losing momentum, or are whales … Source: https://coinpedia.org/price-analysis/ethereum-price-struggles-yet-whales-keep-accumulating-heres-why/
Vitalik Buterin warns crypto needs real-world use as Ethereum trades near $2,023 with RSI at 34 and $2,000 support in focus. Ethereum traded near $2,023 as Vitalik Buterin warned that crypto needs real-world use beyond gambling, memecoins, and leverage. His comments came as Ethereum’s daily chart showed weak momentum. RSI stayed near 34, MACD remained […]
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Prediction markets put the odds of the Digital Asset Market Clarity Act becoming law this year at 59%, down from a high of 68% following a Senate committee vote earlier this month. That slide reflects growing uncertainty around a bill the crypto industry had hoped would clear Congress before year’s end. Related Reading: Corporate Ethereum […]
Gravity Bridge has lost about $5.4 million following an early Saturday drain that security researchers linked to a possible signing key compromise. On-chain analyst Specter first flagged the unusual withdrawals, saying the pattern suggested that the bridge’s signing keys may…
An early Ethereum investor has sold roughly $136 million worth of ether and staked-ether tokens over the past week, adding to the selling pressure already weighing on ETH near the $2,000 mark. A Week of Steady Selling The wallet, an early participant holding coins since the network’s first years, sold 55,000 ETH worth about $112.25 […]
XLM broke above the $0.21 resistance and hit $0.2483. Analysts warn of a pullback to $0.20-$0.15 before the next leg up, with DTCC tokenization backing long-term strength. The trade was already done before the headlines hit. XLM had been sitting at its 0.786 Fibonacci level, inside a Fair Value Gap support zone that few traders […]
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A court-ordered restraining order pushed Circle to blacklist Zama's cUSDC wrapper on Ethereum. The privacy protocol is not a defendant but every depositor in the pooled contract is locked out alongside the targeted funds.