ETH has dropped 16% today, now trading at near $1,500, a level last seen in January 2018, sparking debate around its “ultrasound money” status.
Ethereum’s bearish sentiment has strengthened while the ETH-based investment products in the US ended their four-week outflow streak.
Ethereum finally deployed its Pectra upgrade on the Hoodi testnet. However, ETH price still gained downward momentum.
Ethereum surged to $2,065 with a 9% weekly gain as whales accumulated $1 billion worth of cryptocurrency in the past week.
According to analyst Ali Martinez, a whopping 360,000 ETH tokens were withdrawn from crypto exchanges in the last 48 hours.
Ethereum faces strong resistance at $2,400 while analysts believe that the cryptocurrency will not fall below $2,000 once again.
Analysts highlight a bearish outlook for Ethereum price, with potential further drops to $1,060 if the current bearish trend continues to persist.
Ethereum, the biggest altcoin, is on a slipper slope hanging close to the $2,000 crucial support level. With rising liquidations in the market, will a bearish trend in ETH price result in a $1,740 retest?
March brings Ethereum’s Pectra upgrade to Sepolia testnet, Humans.ai’s H1uman launch, major crypto conferences in Europe, and significant token unlocks that could influence market dynamics.
The EF Silviculture Society aims to uphold principles such as open-source collaboration, privacy, security, and censorship resistance – essential pillars of Ethereum’s decentralized nature.
Analyst Justin Bennett warns that failure of Ethereum price to hold this level could result in a sharp correction to $1,000 citing the crypto’s logarithmic channel pattern.
Developers failed to specify the correct smart contract address for Pectra Request Hash Calculations, causing the post-launch disruption and delaying finalization.
The Ethereum Foundation has appointed Aya Miyaguchi as president after her tenure as Executive Director. This transition comes amid community controversies and promises of a new leadership structure.
The crypto market crash plunges Ethereum (ETH) 15% to revisit $2,300 levels. Amid the crash, the silver linings shine bright and tease a potential to buy at discount prices. Will this downfall record a quick V-shaped reversal in ETH prices?
Bybit approaches full recovery of its ETH reserves, securing funds through loans, OTC trades, and direct purchases after the recent hack.