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Data shows the Ethereum Open Interest has been trading at relatively low levels recently. Heres what this could mean for the assets price. Ethereum Open Interest Has Been Moving Sideways Since Its Plunge As explained by an analyst in a CryptoQuant Quicktake post, the ETH Open Interest has followed a similar trajectory as the price [...]
The post Ethereum To See Fresh Move Soon? What Futures Data Says appeared first on Crypto Breaking News.
Ethereum is currently consolidating below the $2,000 mark, trading within a narrow range between $1,800 and $1,900 as market uncertainty persists. Bulls have lost control, and speculation about a potential continuation of the bear trend is growing among analysts and investors. With macroeconomic instability, rising trade war fears, and erratic policy decisions from US President Trump, both crypto and U.S. stock markets remain highly volatile, adding to Ethereums struggles. Related Reading: Solana Holds Bullish Pattern Expert Sets $140 Target To highlight Ethereums fragile position, top analyst Mister Crypto shared a technical analysis revealing that ETH is currently testing a 5-year-long trendline, a crucial level that has historically acted as strong support during major corrections. If Ethereum fails to hold this trendline, the market could see a deeper decline, reinforcing bearish sentiment and potentially pushing ETH toward lower demand zones. On the other hand, if Ethereum holds above this trendline, it could trigger a strong recovery, offering hope for bulls looking for a reversal. Over the coming days, Ethereums reaction at this level will determine its next major move, making this a pivotal moment for the second-largest cryptocurrency. Ethereum Faces Crucial Test as It Trades Below Multi-Year Support Ethereum has been under massive selling pressure, driven by macroeconomic uncertainty and trade war fears that have rattled both the crypto and U.S. stock markets. With risk assets struggling to find stability, ETH has lost key price levels and now trades below a critical multi-year support around $2,000, which could flip into strong resistance if bulls fail to reclaim it. Related Reading: 130,000 Ethereum Moved Off Exchanges Bullish Signal? Analysts warn that Ethereum’s downtrend may continue as broader economic conditions show no signs of improvement. Investors remain cautious, with global trade tensions, inflation concerns, and U.S. regulatory uncertainties weighing on market sentiment. However, despite these bearish factors, some experts believe Ethereum could be preparing for a long-term recovery. Mister Crypto’s technical analysis on X highlights that Ethereum is currently testing a 5-year-long support trendline, an even stronger level than the $2,000 demand zone. According to his insights, this trendline has historically held during major corrections and served as a key turning point for bullish reversals. If Ethereum maintains support above this level, it could trigger a significant recovery rally, pushing ETH back above $2,000 and beyond. Over the coming weeks, Ethereums price reaction at this crucial trendline will determine whether a reversal is on the horizon or if the bearish trend will extend further. ETH Bulls And Bears Battle For Control Ethereum is now at a crucial crossroads, with bulls struggling to reclaim the $2,000 mark, while bears fail to push ETH below $1,800. This prolonged consolidation phase has left investors uncertain about the next major move for ETH. For a recovery rally to take shape, bulls must reclaim the $2,300 level, which aligns with the 4-hour 200 moving average (MA) and exponential moving average (EMA). Breaking above this level would signal a shift in momentum and pave the way for further upside toward key resistance zones. However, failure to reclaim the $2,000 mark and hold above crucial moving averages could trigger another wave of selling pressure. A decisive drop below $1,800 would put Ethereum in dangerous territory, opening the door for a potential retest of lower demand zones around $1,600-$1,700. Related Reading: Whales Accumulate Over 150 Million XRP In Just 48 Hours Is A Rally Incoming? With macroeconomic uncertainty and market-wide volatility still in play, ETH traders should watch for a breakout or breakdown from the current range, as the next few sessions will determine the short-term trend for Ethereum. Featured image from Dall-E, chart from TradingView
Ethereum open interest (OI) had seen a meteoric rise in the weeks leading up to the Ethereum Merge. Even after the Merge, the open interest has not declined, given all of the new interest from institutional investors following the network’s move to a proof of work mechanism. This time around, the Ethereum open interest has hit another important high point, which points to a possible rally in the price of ETH. Open Interest Reaches $7.7 Billion Ethereum open interest still remains high despite ETH’s decline to the low $1,000s back in September. Data shows that the open interest in ETH has reached $7.7 billion this week despite traders often choosing to avoid trades at quarterly closes, even in the crypto market. Related Reading: Brace For Impact: This Expert Trader Says Cardano (ADA) Will See A 50% Decline This means that there is now $7.7 billion in futures open interest, but the majority of these have actually skewed towards the bearish side. Not surprisingly, given that the crypto market is barely a year into its bear market, investors expect more decline to follow. ETH steadies above $1,300 | Source: ETHUSD on TradingView.com Investor sentiment also took a hit since mid-September when the long-awaited Merge upgrade failed to trigger a rally in the price of ETH. The subsequent decline had seen investors begin profit-taking to prevent more losses while watching the market closely. The same is now being seen across the futures markets. Will Ethereum (ETH) Rally? A large amount of open interest tends to carry some positive implications for the digital asset. The reason is that so many traders are choosing increasingly bearish positions on Ethereum as of this time, meaning that there is a potential for a short squeeze if the price were to break out from here. Now, there is not much expected for the crypto market in the way of recovery, given declines across various spheres. But if the Fed were to heed the advice and stop increasing interest rates even in the short term, then the macro markets would likely rally, which would take the crypto market with it. Related Reading: Wash Trading Dominates Bitcoin Volume, What Does This Mean For Price? The next FOMC meeting is expected to happen at the beginning of November, which is less than a month away. There are predictions of more interest rate increases at this time, which would be negative for crypto-assets such as Ethereum. Presently, bulls are focused on getting the price back up enough to test the $1,500 resistance once more. However, with sell pressure still mounting, ETH is not expected to hit this price anytime soon. Featured image from Crypto News Flash, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
On-chain data shows an Ethereum metric is giving a bullish signal as the cryptocurrency’s price has broken past the $2,400 barrier during the past day. Ethereum Has Continued To Leave Exchanges Recently In a CryptoQuant Quicktake post, an analyst explained the recent relationship between the Ethereum price and data of the exchange netflow indicator. The “exchange netflow” here refers to a metric that keeps track of the net amount of the asset entering or exiting out of the wallets of all centralized exchanges. The indicator’s value is calculated by subtracting the outflows from the inflows. Related Reading: Analyst Reveals Potential Trigger For A 32% Cardano (ADA) Rally When the flow has a positive value, the inflows are overwhelming the outflows right now, and a net number of coins is moving into the custody of these platforms. One of the main reasons investors might deposit their tokens on the exchanges is for selling-related purposes. This trend can potentially have bearish implications for the asset’s price. On the other hand, the negative indicator implies the holders are making net withdrawals from these platforms. Such a trend suggests the investors may be accumulating for the long-term, which would naturally be bullish for the cryptocurrency’s value. Now, here is a chart that shows the trend in the Ethereum exchange netflow, as well as its 14-day exponential moving average (EMA), over the last few months: The value of the metric seems to have been quite red in recent days | Source: CryptoQuant As highlighted by the quant in the above graph, the Ethereum price has observed an overall bullish trend in the last few months as the 14-day EMA exchange netflow has mostly been inside the negative territory. There have been some spikes in the positive region. With these net deposits, the cryptocurrency has usually encountered some degree of resistance, implying that these transfers added to the selling pressure in the market. Recently, the indicator has assumed red values for more than a week straight, suggesting that investors have been constantly making net withdrawals. The scale of the negative spikes has also been quite significant this time, meaning that some whales are involved. Off the back of this potential accumulation from the investors, Ethereum has observed its recovery below the $2,400 level. Since the netflow has continued to be quite negative recently, it’s possible that this rally isn’t all the coin would see; there may still be potential for further upside. Related Reading: Bitcoin Coinbase Premium Is Negative: What It Means For Price Recovery Spikes back into positive territory may be to watch for; however, if the pattern followed in the past few months is to be believed, they may cause the cryptocurrency to hit at least a local top. ETH Price At the time of writing, Ethereum is trading at around $2,420, up more than 6% over the past week. Looks like the price of the asset has shot up over the last few days | Source: ETHUSD on TradingView Featured image from DrawKit Illustrations on Unsplash.com, charts from TradingView.com, CryptoQuant.com
Ethereum has left Bitcoin in the dust with its latest rally towards $3,100. Heres whether this run is sustainable based on futures market data. Ethereum Has Separated From Bitcoin With Over 7% Jump In Past Week While Bitcoin has been in consolidation lately, Ethereum appears to have been putting together bullish momentum entirely of its [...]
The post Ethereum Leaves Bitcoin Behind, But Is This Rally Sustainable? appeared first on Crypto Breaking News.
Ethereum has broken beyond the $2,900 level during the past day, but data shows the futures market may be starting to become overheated. Ethereum Has Now Broken Through The $2,900 Level While Bitcoin has slumped to an overall sideways trajectory recently, Ethereum appears to have decided to pick a path of its own, as the [...]
The post Ethereum Breaks $2,900, But Watch Out For Futures Overheating appeared first on Crypto Breaking News.
Ethereum has been struggling below the $2,800 mark for days, with sentiment around the second-largest cryptocurrency in the world becoming increasingly negative. Persistent selling pressure has left investors and analysts worried about Ethereums ability to stage a recovery, with many starting to lose hope for a rally. The bearish sentiment has only intensified as ETH continues to underperform compared to Bitcoin and other major assets, causing frustration among market participants who expected a stronger start to the year. Related Reading: Bitcoin Indicator Signals Short-Term Holders Have Been Taking Profits Is The Next Rally Near? Despite this negative outlook, there are reasons for optimism. Top analyst Jelle shared a technical analysis revealing that Ethereum is still trading within a multi-year ascending triangle, a bullish chart pattern that could signal a significant move higher. This pattern suggests Ethereum may just be consolidating before a potential breakout into higher prices. Historical patterns have shown that ascending triangles often lead to explosive price moves when key resistance levels are breached. As ETH trades near critical support levels, the coming days will be crucial for determining its short-term direction. Investors are watching closely to see if this bullish pattern holds and whether Ethereum can regain momentum, potentially sparking a recovery that could restore confidence in the market. Ethereum Prepares For A Decisive Move Ethereum appears to be gearing up for a decisive move as it struggles to reclaim momentum amid a challenging market environment. Investors are growing increasingly frustrated with Ethereums lackluster price action, and optimism for a rally is fading. Compared to Bitcoin and other altcoins like Solana, Ethereum has been underperforming, leaving bulls with little control over the price action. The constant selling pressure has dampened hopes for a recovery, leading many to question whether Ethereum can regain its footing. However, not all hope is lost. Top analyst Jelle recently shared a technical analysis on X, pointing out that Ethereum is still trading within a multi-year ascending trianglea bullish pattern that historically precedes explosive moves. According to Jelle, Ethereums price has faked out on both sides of this structure, a behavior that often suggests the next move will be the real deal. This technical setup indicates that Ethereum is building energy for a significant breakout or breakdown. Related Reading: Solana Holds Support Above Key Indicator Expert Sees Push To ATH If Momentum Returns Jelle also highlights the $4,000 mark as a critical supply zone. Ethereum has tested this level three times without success, but he believes the fourth attempt could finally break through. If Ethereum can clear this key resistance, it would mark a turning point and potentially ignite a rally into price discovery, restoring confidence among investors. Price Analysis: Key Levels To Hold Ethereum is currently trading at $2,650 after several days of selling pressure and market uncertainty. The price has struggled to reclaim the $2,800 mark since last Wednesday, reflecting a bearish sentiment that has dominated ETHs price action since late December. Bulls are facing increasing challenges as the momentum remains on the side of the bears, and confidence among investors continues to weaken. To reverse the ongoing downtrend, bulls need to hold the $2,600 level as strong support. This price has acted as a key demand zone in the past and could provide the foundation for a recovery. However, simply holding this level is not enoughEthereum must also reclaim the $2,800 mark and, more importantly, break above the $3,000 level to signal a shift in market sentiment. Related Reading: Whales Accumulate 100 Million Dogecoin In 24 Hours Demand Signals Growing Confidence If Ethereum can hold above $2,600 and successfully reclaim both the $2,800 and $3,000 levels, it could spark a push into higher supply zones. A move like this would provide the momentum needed for bulls to regain control and potentially drive ETH toward stronger resistance levels. However, failing to hold $2,600 could open the door to further downside, with the next critical support levels significantly lower. Featured image from Dall-E, chart from TradingView
On-chain data shows the Ethereum taker buy/sell ratio has formed a crossover recently that has historically signaled tops in the asset’s price. Ethereum Taker Buy/Sell Ratio 280-Day and 476-Day MAs Have Crossed Recently As pointed out by an analyst in a CryptoQuant post, the last time this crossover formed was back in May 2021, when [...]
The post Historical Crossover Suggests Ethereum (ETH) Top Is In appeared first on Crypto Breaking News.
Ethereum is trading at a critical demand level following an 11% pullback from recent local highs. This dip has analysts and investors on edge, as losing this level could trigger a wave of aggressive sell-offs, potentially driving ETH prices lower. Amid this concern, however, prominent analyst Ali Martinez has shared an optimistic technical analysis, highlighting a strong risk-to-reward setup on the Ethereum chart. According to Martinez, the current level offers a compelling entry point, suggesting that Ethereum could see a significant upside if it holds support. Related Reading: Solana Likely To Target $200 If It Holds Current Support What To Expect The timing of this potential rebound is especially noteworthy with the US election tomorrow, an event that could heavily influence broader market sentiment. Many in the crypto community anticipate that election outcomes will set the stage for a new rally, with Ethereum positioned to capitalize if bullish momentum returns. In the coming days, all eyes will be on whether ETH can defend this demand zone, as its performance could either validate or challenge the prevailing bullish expectations across the market. For now, Ethereums price level remains pivotal, and the market is closely watching for signs of direction amid the election and broader economic uncertainties. Can Ethereum Hold Above Key Demand? Ethereum is trading at a pivotal support level of around $2,450, which many analysts view as a critical last line of defense for bulls. Ethereum could experience a deeper decline if this level fails, potentially putting it at risk of underperforming against competitors like Solana or Bitcoin, which have recently shown more relative strength. Investors share this concern and are closely watching ETH’s movement as it teeters on the edge of this crucial support. However, top crypto analyst Ali Martinez has presented a more optimistic perspective on X, suggesting that Ethereum may be poised for a significant recovery. In his recent technical analysis, Martinez emphasized that the current risk-to-reward ratio for ETH is highly attractive for a long position, especially for those with a longer-term outlook. He disclosed that he had set a stop-loss below $1,880a level limiting downside riskwhile targeting an ambitious price of $6,000. This target represents a potential 145% rally from current prices, underlining Martinezs confidence in Ethereums potential upside if it can hold this crucial zone. The next few days, or even hours, could prove decisive for Ethereum as it consolidates at $2,450. To move toward Martinezs target, ETH must build strength and start challenging local highs, signaling buyers are stepping in. Related Reading: Dogecoin Analyst Reveals Buying Opportunities At Lower Prices Details The upcoming price action will reveal whether Ethereum can revive its bullish momentum or succumb to further downside pressure. For now, the $2,450 support is a critical threshold for ETHs near-term trajectory. ETH Technical Analysis Ethereum (ETH) is trading at $2,450 after a strong rebound following a failed breakdown below the $2,400 mark. This resilience is encouraging for bulls who believe ETH is primed for a significant rally, especially if Bitcoin can break above its all-time high. However, this crucial support level alone isnt enough to spark a sustained uptrend. Bulls must push the price above the 200-day exponential moving average (EMA), currently at $2,762, to confirm momentum and establish a stronger bullish outlook. The 200-day EMA has acted as a formidable resistance since early August, repeatedly pushing ETHs price down. A breakout above this moving average would indicate a critical shift, potentially turning it into a new support level. This move would set the stage for ETH to challenge higher levels, fueled by renewed buyer confidence and broader market optimism. Related Reading: Bitcoin On-Chain Indicator Signals Panic Selling At Current Levels Time To HODL? Conversely, if bulls fail to reclaim this EMA, Ethereum may face continued downward pressure, leading to further testing of key supports. For now, ETHs support of around $2,450 keeps hope alive for bulls aiming for a breakout, but reclaiming the 200-day EMA remains essential to fuel the next leg of a bullish rally. Featured image from Dall-E, chart from TradingView
Ethereum has staged an impressive 35% rally since last Tuesday, marking a bullish breakout as it tests crucial supply levels for the first time since late July. Investor sentiment is increasingly optimistic, driven by a surge in Ethereums on-chain activity. Key data from IntoTheBlock reveals that transaction volume on Ethereums mainnet has reached its highest levels since July, a bullish signal highlighting renewed interest and activity in the network. This surge in volume is often seen as confirmation of a breakout, aligning with expectations from investors who have anticipated a strong rally toward Ethereums yearly highs. Related Reading: Avalanche Nears Breakout Top Analyst Sets $420 Target For AVAX This Cycle With momentum building, ETH now stands at a pivotal point: if it can maintain strength above these new levels, the stage may be set for further upside as the broader crypto market rallies alongside Bitcoin. The next few days will be crucial for Ethereum as traders watch to see if the bullish sentiment can sustain and propel ETH higher into new price territory. Ethereum Bullish Trend Begins Ethereum has entered a new bullish phase after eight months of consistent selling pressure and significant accumulation by smart money. Following a long period of subdued price action, ETH is finally rising, signaling a trend reversal many analysts and investors eagerly awaited. Data shared by IntoTheBlock on X shows that Ethereums mainnet transaction volume has surged significantly, with nearly $60 billion settled over the past weekthe highest level since July. This spike in volume is a clear indicator of renewed market interest, and it suggests that more investors are actively trading and accumulating ETH. When transaction volumes rise alongside price increases, it often signals healthy demand and strong market confidence, supporting the likelihood of a sustained bullish trend. Related Reading: Cardano Skyrockets Over 40% Funding Rate Suggests Further Upside The next few months are expected to be volatile as speculative interest and trading activity heat up, with many traders positioning for substantial gains. Despite the anticipated price swings, analysts agree that Ethereums next major target is its yearly high of $4,000. Breaking this level would confirm Ethereums bullish momentum and set the stage for potential new all-time highs, aligning with the broader market’s optimism. ETH Consolidates Above $3,000 Ethereum is trading at $3,180, following a recent push to a local high of $3,250. After a strong weekend rally, the price paused, hinting at the need for consolidation before another potential breakout. This period of sideways movement could be essential for ETH to establish support and prepare for further upside, as it allows buyers to gather momentum while absorbing any short-term selling pressure. Key technical levels show that bullish sentiment is likely to strengthen if ETH maintains its position above $2,950, aligned with the 200-day moving average (MA). Holding this critical support level would signal buyers remain in control, setting up ETH for a potential rally toward $3,500 soon. However, its also possible that ETH could take a few days to build up the momentum needed for its next substantial move as investors assess the recent rally and consider upcoming catalysts. Related Reading: Bitcoin ETFs See Historic Surge Institutions Go Bullish On BTC With $1.38 Billion Record Inflows In the meantime, the market appears optimistic, with analysts noting that maintaining levels above the 200-day MA is crucial for confirming the long-term bullish trend. ETHs consolidation phase could be the foundation for continuing its upward trajectory. Featured image from Dall-E, chart from TradingView
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