Ethereum
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Ethereum price (ETHUSD) resumes its negative trading to approach 3042.50$ level,
#Ethereum price (ETHUSD) resumes its negative trading to approach 3042.50$ level, noticing that the price completes forming head and shoulders’ pattern that we expect to push the price to break the mentioned level followed by heading to achieve more negative targets in the upcoming sessions, as the next target reaches 2825.00$, while the expected decline will remain valid unless the price rallied to breach 32620.00$ and hold above it.
Read more: 5 Best Platforms to Discover Promising Crypto for Investing – Beginner Trader’s Guide
Update: Bitcoin price (BTCUSD) is under the negative pressure
Economies.com
2024-11-14 15:18PM UTC
Bitcoin price (BTCUSD) achieved initial break to the intraday bullish trend line to head towards starting potential bearish correction in the upcoming sessions, noting that consolidating below 90000.00$ will push the price to test 87025.00$ as a first correctional target, which breaking it represents the key to rally towards 83165.00$ as a next negative target, while breaching 90000.00$ will reactivate the positive scenario and head to visit 94000.00$ areas on the near-term basis.Update: Crude oil price breaches the resistance
2024-11-14 15:18PM UTC
Crude oil price trades with clear positivity to breach 68.64$ and attempts to hold above it, to hint heading for potential turn to rise in the upcoming sessions, noting that closing the day above this level will push the price towards 70.58$ as a next positive station.
Ethereum price (ETHUSD) forecast update - 14-11-2024
Economies.com
2024-11-14 09:30AM UTC
Ethereum price (ETHUSD) settles below 3262.00$, to keep the bearish trend scenario valid for today, which its next main target located at 3042.50$, noting that the price is forming negative pattern that might cause bearish rally and surpass the mentioned target to suffer more losses in the upcoming period, while holding 3262.00$ represents major condition to the continuation of the suggested bearish trend.
The expected trading range for today is between 3070.00$ support and 3300.00$ resistance.
$ETH
Read more: 5 Best Platforms to Discover Promising Crypto for Investing – Beginner Trader’s Guide
Update: Bitcoin price (BTCUSD) is under the negative pressure
Economies.com
2024-11-14 15:18PM UTC
Bitcoin price (BTCUSD) achieved initial break to the intraday bullish trend line to head towards starting potential bearish correction in the upcoming sessions, noting that consolidating below 90000.00$ will push the price to test 87025.00$ as a first correctional target, which breaking it represents the key to rally towards 83165.00$ as a next negative target, while breaching 90000.00$ will reactivate the positive scenario and head to visit 94000.00$ areas on the near-term basis.Update: Crude oil price breaches the resistance
2024-11-14 15:18PM UTC
Crude oil price trades with clear positivity to breach 68.64$ and attempts to hold above it, to hint heading for potential turn to rise in the upcoming sessions, noting that closing the day above this level will push the price towards 70.58$ as a next positive station.
Ethereum price (ETHUSD) forecast update - 14-11-2024
Economies.com
2024-11-14 09:30AM UTC
Ethereum price (ETHUSD) settles below 3262.00$, to keep the bearish trend scenario valid for today, which its next main target located at 3042.50$, noting that the price is forming negative pattern that might cause bearish rally and surpass the mentioned target to suffer more losses in the upcoming period, while holding 3262.00$ represents major condition to the continuation of the suggested bearish trend.
The expected trading range for today is between 3070.00$ support and 3300.00$ resistance.
$ETH
Alicia Luzania kz4N:
hello
🚨🔥 $ETH /USDT ON THE EDGE OF A MASSIVE BREAKOUT – WHAT’S NEXT? 🔥🚨
Ethereum's price has surged to 3,173.26, gaining 4.14% in the last 24 hours as bulls regain control. With trading volume showing strong momentum, ETH is gearing up for its next big move.
🎯 KEY LEVELS TO WATCH:
1️⃣ First Target: 3,250 – A minor resistance zone that could open doors to higher levels.
2️⃣ Second Target: 3,360 – Breaking this level will likely bring in more buyers for a solid push.
3️⃣ Third Target: 3,440 – A breakout here could signal a continuation toward uncharted territory!
📉 Support Alert: If ETH retraces, watch for stability around 3,015, the critical support level to avoid further downside.
With momentum building, this is a high-stakes moment for Ethereum. Keep a close eye on these levels and be ready to act swiftly.
#Ethereum #CryptoAlert #BinanceUpdates #ETH
#DEXXBreach
$ETH
Ethereum's price has surged to 3,173.26, gaining 4.14% in the last 24 hours as bulls regain control. With trading volume showing strong momentum, ETH is gearing up for its next big move.
🎯 KEY LEVELS TO WATCH:
1️⃣ First Target: 3,250 – A minor resistance zone that could open doors to higher levels.
2️⃣ Second Target: 3,360 – Breaking this level will likely bring in more buyers for a solid push.
3️⃣ Third Target: 3,440 – A breakout here could signal a continuation toward uncharted territory!
📉 Support Alert: If ETH retraces, watch for stability around 3,015, the critical support level to avoid further downside.
With momentum building, this is a high-stakes moment for Ethereum. Keep a close eye on these levels and be ready to act swiftly.
#Ethereum #CryptoAlert #BinanceUpdates #ETH
#DEXXBreach
$ETH
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🚀 $ETH /USDT GAINS STEAM – NEW LEVELS IN SIGHT! 🚀
Ethereum ($ETH ) is showing positive momentum, climbing 2.68% to trade at $3,134.36. With rising volume and renewed interest, $ETH is approaching critical levels that could pave the way for more upside potential.
Market Overview:
24-Hour High: $3,165.00
24-Hour Low: $3,014.50
Current Price: $3,134.36
Ethereum is showing bullish signals, setting up for a potential breakout if it clears key resistance levels.
Key Levels to Watch:
1. Immediate Resistance: $3,165.00
Breaking this level could trigger a push toward higher targets, solidifying bullish sentiment.
2. Second Target: $3,227.92
A move past this level would confirm the rally, positioning ETH for stronger gains.
3. Ultimate Target: $3,300.00
Reaching this level would mark a significant breakout, setting ETH on track for further upward momentum.
Support Levels:
Key Support: $3,080.41 – Maintaining this level will be critical to sustain the bullish trend.
Major Support: $3,014.50 – A drop below could indicate a potential pullback or consolidation.
Why ETH is Worth Watching:
With increasing trading volume and strong technical indicators, ETH is poised for an exciting move. As the second-largest cryptocurrency by market cap, Ethereum's next breakout could influence broader market trends.
📈 Will ETH Break Through? Keep an Eye on These Levels! 📉
Stay tuned for more updates as Ethereum tests its critical levels. The bulls are gaining momentum—don’t miss out!
#Therapydogcoin #Ethereum #CryptoUpdates #TradingSignal #CryptoBullRun
Ethereum ($ETH ) is showing positive momentum, climbing 2.68% to trade at $3,134.36. With rising volume and renewed interest, $ETH is approaching critical levels that could pave the way for more upside potential.
Market Overview:
24-Hour High: $3,165.00
24-Hour Low: $3,014.50
Current Price: $3,134.36
Ethereum is showing bullish signals, setting up for a potential breakout if it clears key resistance levels.
Key Levels to Watch:
1. Immediate Resistance: $3,165.00
Breaking this level could trigger a push toward higher targets, solidifying bullish sentiment.
2. Second Target: $3,227.92
A move past this level would confirm the rally, positioning ETH for stronger gains.
3. Ultimate Target: $3,300.00
Reaching this level would mark a significant breakout, setting ETH on track for further upward momentum.
Support Levels:
Key Support: $3,080.41 – Maintaining this level will be critical to sustain the bullish trend.
Major Support: $3,014.50 – A drop below could indicate a potential pullback or consolidation.
Why ETH is Worth Watching:
With increasing trading volume and strong technical indicators, ETH is poised for an exciting move. As the second-largest cryptocurrency by market cap, Ethereum's next breakout could influence broader market trends.
📈 Will ETH Break Through? Keep an Eye on These Levels! 📉
Stay tuned for more updates as Ethereum tests its critical levels. The bulls are gaining momentum—don’t miss out!
#Therapydogcoin #Ethereum #CryptoUpdates #TradingSignal #CryptoBullRun
Ethereum (ETH) remains weak: Altcoin investors should be on the alert.
The #Ethereum price has been quite weak against Bitcoin ($BTC ) due to profit taking and whale activity.
Ethereum experienced a strong rally after the US elections and reached $ 3,446. This 20 percent increase made crypto investors happy. However, the increasing profit taking reversed this situation. Selling pressure prevented Ethereum from rising, pulling the price to around $ 3,100.
Ethereum's post-election rally carried the pair to its highest levels in several months. However, this momentum soon stalled. Profit taking among investors suppressed the rally, bringing the Ethereum price to $ 3,114. This level currently serves as an important support level.
Recent whale movements once again demonstrated the increasing volatility in the market. According to the data, a whale wallet collected 18,049 #ETH in declines. However, large Ethereum transfers to Binance by other large investors indicate selling pressure. For example, two different $ETH whales transferred 11,286 ETH (about $36 million) to Binance, increasing sell signals. Such large transfers to exchanges are usually considered as signals of impending liquidations.
Technical indicators for the Ethereum price are showing bearish signals. The Moving Average Convergence Divergence (MACD) indicator is indicating that momentum is waning. Although the MACD line remains above the signal line, the flattening of the histogram bars shows that the bulls are not strong enough. If this momentum continues to weaken, Ethereum’s sell-off could increase further.
In addition, the Bull Bear Force (BBP) indicator also reflects similar market sentiment. The readings are showing signs of stabilization after the recent upward move. The failure of BBP to reach new highs suggests that bullish power is not enough to break the $4,000 level. The ongoing decline in BBP values is supporting bearish forces, increasing the risk of a deeper correction if buyers lose control.
The #Ethereum price has been quite weak against Bitcoin ($BTC ) due to profit taking and whale activity.
Ethereum experienced a strong rally after the US elections and reached $ 3,446. This 20 percent increase made crypto investors happy. However, the increasing profit taking reversed this situation. Selling pressure prevented Ethereum from rising, pulling the price to around $ 3,100.
Ethereum's post-election rally carried the pair to its highest levels in several months. However, this momentum soon stalled. Profit taking among investors suppressed the rally, bringing the Ethereum price to $ 3,114. This level currently serves as an important support level.
Recent whale movements once again demonstrated the increasing volatility in the market. According to the data, a whale wallet collected 18,049 #ETH in declines. However, large Ethereum transfers to Binance by other large investors indicate selling pressure. For example, two different $ETH whales transferred 11,286 ETH (about $36 million) to Binance, increasing sell signals. Such large transfers to exchanges are usually considered as signals of impending liquidations.
Technical indicators for the Ethereum price are showing bearish signals. The Moving Average Convergence Divergence (MACD) indicator is indicating that momentum is waning. Although the MACD line remains above the signal line, the flattening of the histogram bars shows that the bulls are not strong enough. If this momentum continues to weaken, Ethereum’s sell-off could increase further.
In addition, the Bull Bear Force (BBP) indicator also reflects similar market sentiment. The readings are showing signs of stabilization after the recent upward move. The failure of BBP to reach new highs suggests that bullish power is not enough to break the $4,000 level. The ongoing decline in BBP values is supporting bearish forces, increasing the risk of a deeper correction if buyers lose control.
Square-Creator-7d13f0d0d:
New ATH in 2024 ? 🤔
This bull market, $ETH could reach $8,000-$10,000! 🚀
I’m super bullish on #Ethereum
#CPIUpdateOctober
I’m super bullish on #Ethereum
#CPIUpdateOctober
Candace Bennion ucbN:
no, but eth can reach 5-6k
💻 OpenGPU: Decentralizing GPU Computing for the Future 💡
In a world driven by AI, gaming, and blockchain, GPU computing power is more critical than ever. OpenGPU is here to democratize access to these resources, making them affordable, scalable, and decentralized.
📌 Why Choose OpenGPU?
✅ Provider App: Share your unused GPU resources and earn rewards, creating new income streams.
✅ AI & Gaming Revolution: Access high-performance GPUs without breaking the bank—perfect for developers and creators.
✅ Powered by Ethereum: Built on $ETH , ensuring a secure and decentralized infrastructure.
✅ Sustainable Tokenomics: The $OGPU token powers the ecosystem, creating incentives and utility for all users.
🚀 OpenGPU is not just a project; it’s a movement towards a future where computational resources are accessible to everyone, powered by the reliability of $ETH and the innovation of decentralization.
📊 [Attach a chart or relevant visual from OpenGPU’s Twitter media for better engagement]
Join the revolution and explore the endless possibilities with OpenGPU!
#Ethereum #AI #GPU ETH $ETH
In a world driven by AI, gaming, and blockchain, GPU computing power is more critical than ever. OpenGPU is here to democratize access to these resources, making them affordable, scalable, and decentralized.
📌 Why Choose OpenGPU?
✅ Provider App: Share your unused GPU resources and earn rewards, creating new income streams.
✅ AI & Gaming Revolution: Access high-performance GPUs without breaking the bank—perfect for developers and creators.
✅ Powered by Ethereum: Built on $ETH , ensuring a secure and decentralized infrastructure.
✅ Sustainable Tokenomics: The $OGPU token powers the ecosystem, creating incentives and utility for all users.
🚀 OpenGPU is not just a project; it’s a movement towards a future where computational resources are accessible to everyone, powered by the reliability of $ETH and the innovation of decentralization.
📊 [Attach a chart or relevant visual from OpenGPU’s Twitter media for better engagement]
Join the revolution and explore the endless possibilities with OpenGPU!
#Ethereum #AI #GPU ETH $ETH
🚨 $ETH /USDT – Market Update 🚨
Current Price: $3,039.52 (-2.34% in the last 24h)
---
Key Levels:
24h High: $3,181.00
24h Low: $3,014.50
Resistance: $3,346.83
Support: $3,014.50
---
Volume Overview:
ETH Volume: 509,043.85 ETH
USDT Volume: $1.57B
ETH retraces as bearish pressure emerges. Holding support at $3,014.50 is crucial for recovery; otherwise, it may test lower levels.
#ETH #Ethereum #Crypto #NextMarketMoves
Current Price: $3,039.52 (-2.34% in the last 24h)
---
Key Levels:
24h High: $3,181.00
24h Low: $3,014.50
Resistance: $3,346.83
Support: $3,014.50
---
Volume Overview:
ETH Volume: 509,043.85 ETH
USDT Volume: $1.57B
ETH retraces as bearish pressure emerges. Holding support at $3,014.50 is crucial for recovery; otherwise, it may test lower levels.
#ETH #Ethereum #Crypto #NextMarketMoves
🚀 Major Coins Set for a Bull Run! 🌟
The crypto market is heating up, and these major coins are leading the charge:
💎 Bitcoin (BTC) - Breaking barriers!
🔥 Ethereum (ETH) - Leading the smart contract revolution!
📈 BNB - Driving innovation in the crypto ecosystem!
⚡ Solana (SOL) - Blazing fast blockchain solutions!
🌍 Ripple (XRP) - Transforming global payments!
Don’t miss the action as the market gears up for a potential BULL RUN! Stay informed, trade wisely, and ride the wave!
#Bitcoin #Ethereum #BNB #Solana #Ripple
The crypto market is heating up, and these major coins are leading the charge:
💎 Bitcoin (BTC) - Breaking barriers!
🔥 Ethereum (ETH) - Leading the smart contract revolution!
📈 BNB - Driving innovation in the crypto ecosystem!
⚡ Solana (SOL) - Blazing fast blockchain solutions!
🌍 Ripple (XRP) - Transforming global payments!
Don’t miss the action as the market gears up for a potential BULL RUN! Stay informed, trade wisely, and ride the wave!
#Bitcoin #Ethereum #BNB #Solana #Ripple
Revolutionizing GPU Computing with OpenGPU!
OpenGPU is your gateway to decentralized, scalable, and affordable GPU power—perfect for AI, gaming, and high-performance tasks. Built on the Ethereum blockchain, it ensures security and efficiency for all your computing needs.
Join the future of decentralized technology today! 🌐
#ETH #Ethereum
OpenGPU is your gateway to decentralized, scalable, and affordable GPU power—perfect for AI, gaming, and high-performance tasks. Built on the Ethereum blockchain, it ensures security and efficiency for all your computing needs.
Join the future of decentralized technology today! 🌐
#ETH #Ethereum
Decentralized GPU Power is Here! 🚀
OpenGPU is changing the game with blockchain-powered GPU computing. Whether you’re working on AI, gaming, or rendering, OpenGPU delivers scalable and affordable solutions—all built on Ethereum for unmatched security and efficiency.
Embrace the future of decentralized innovation today! 🌟
#ETH #Ethereum
OpenGPU is changing the game with blockchain-powered GPU computing. Whether you’re working on AI, gaming, or rendering, OpenGPU delivers scalable and affordable solutions—all built on Ethereum for unmatched security and efficiency.
Embrace the future of decentralized innovation today! 🌟
#ETH #Ethereum
Strong Ethereum ETF Inflows, Fidelity Leading, ETH to $4000?
With a brief stop for #bulls at $3,300, the #Ethereum #price has soared after a 40% rise on the weekly chart after #Donald #Trump ’s election. For the Ethereum price to advance further, the bulls must break over the $3,260 resistance level.
With a brief stop for #bulls at $3,300, the #Ethereum #price has soared after a 40% rise on the weekly chart after #Donald #Trump ’s election. For the Ethereum price to advance further, the bulls must break over the $3,260 resistance level.
tecrübe-deneyim:
ETH/BTC Delist
$ETH $ETH
ETH/USDT Market Watch!
Ethereum is down 5.29% to $3,049.80!
This significant drop has caught traders’ attention. Will ETH find support near the 24h Low of $3,028.56, or is there more downside ahead?
Key Indicators:
MACD at 1.79 — positive, but with caution signs.
DIF and DEA signaling a bearish trend. Is a reversal possible?
Massive Volume in recent candles as volatility spikes. This could be the moment for swift moves, so stay alert for potential breakouts or bounces!
#Ethereum
#CryptoMarket
#ETH
ETH/USDT Market Watch!
Ethereum is down 5.29% to $3,049.80!
This significant drop has caught traders’ attention. Will ETH find support near the 24h Low of $3,028.56, or is there more downside ahead?
Key Indicators:
MACD at 1.79 — positive, but with caution signs.
DIF and DEA signaling a bearish trend. Is a reversal possible?
Massive Volume in recent candles as volatility spikes. This could be the moment for swift moves, so stay alert for potential breakouts or bounces!
#Ethereum
#CryptoMarket
#ETH
Unlock the Future of Computing with OpenGPU! 🚀
OpenGPU provides decentralized, cost-effective GPU solutions for AI, gaming, and more—all powered by the Ethereum blockchain. Scalable, secure, and innovative, it’s the next step in blockchain-driven technology.
Start building with OpenGPU today! 🌐
#ETH #Ethereum
OpenGPU provides decentralized, cost-effective GPU solutions for AI, gaming, and more—all powered by the Ethereum blockchain. Scalable, secure, and innovative, it’s the next step in blockchain-driven technology.
Start building with OpenGPU today! 🌐
#ETH #Ethereum
Decentralized GPU Power is Here! 🚀
OpenGPU is changing the game with blockchain-powered GPU computing. Whether you’re working on AI, gaming, or rendering, OpenGPU delivers scalable and affordable solutions—all built on Ethereum for unmatched security and efficiency.
Embrace the future of decentralized innovation today! 🌟
#ETH #Ethereum
OpenGPU is changing the game with blockchain-powered GPU computing. Whether you’re working on AI, gaming, or rendering, OpenGPU delivers scalable and affordable solutions—all built on Ethereum for unmatched security and efficiency.
Embrace the future of decentralized innovation today! 🌟
#ETH #Ethereum
🚀 Altcoin Season on the Horizon: What You Need to Know
Hello, Binance community! It’s Linkan here, bringing you the latest logic from the crypto world.
The cryptocurrency market is abuzz with discussions about the potential onset of an altcoin season. Recent data indicates a shift in momentum from Bitcoin to various altcoins, suggesting a diversified investment landscape.
Key Indicators:
• Altcoin Season Index: Currently at 35, this index measures the performance of the top 100 altcoins relative to Bitcoin over the past 90 days. An index above 75 signifies an altcoin season, indicating that altcoins are outperforming Bitcoin. 
• Market Dynamics: Bitcoin’s dominance has slightly decreased, allowing altcoins to gain traction. Notably, Ethereum ($ETH ) and Solana ($SOL ) have shown significant gains, attracting investor attention.
Implications for Investors:
This potential shift presents opportunities for portfolio diversification. However, it’s crucial to conduct thorough research and remain cautious, as the crypto market is inherently volatile.
Stay informed and make strategic decisions as the crypto landscape continues to evolve.
#AltcoinSeason2025 #CryptoMarket #Ethereum #Solana #BinanceInsights
Hello, Binance community! It’s Linkan here, bringing you the latest logic from the crypto world.
The cryptocurrency market is abuzz with discussions about the potential onset of an altcoin season. Recent data indicates a shift in momentum from Bitcoin to various altcoins, suggesting a diversified investment landscape.
Key Indicators:
• Altcoin Season Index: Currently at 35, this index measures the performance of the top 100 altcoins relative to Bitcoin over the past 90 days. An index above 75 signifies an altcoin season, indicating that altcoins are outperforming Bitcoin. 
• Market Dynamics: Bitcoin’s dominance has slightly decreased, allowing altcoins to gain traction. Notably, Ethereum ($ETH ) and Solana ($SOL ) have shown significant gains, attracting investor attention.
Implications for Investors:
This potential shift presents opportunities for portfolio diversification. However, it’s crucial to conduct thorough research and remain cautious, as the crypto market is inherently volatile.
Stay informed and make strategic decisions as the crypto landscape continues to evolve.
#AltcoinSeason2025 #CryptoMarket #Ethereum #Solana #BinanceInsights
🚨 $ETH ETH/USDT – Market Update 🚨
Current Price: $3,047.06 (-4.61% in the last 24h)
---
Key Levels:
24h High: $3,240.40
24h Low: $3,028.56
Resistance: $3,346.13
Support: $3,013.43
---
Volume Overview:
ETH Volume: 608,529.05 ETH
USDT Volume: $1.92B
Ethereum is currently experiencing a pullback after testing highs near $3,240.40. Watch for potential support near $3,013.43 or further downside risks if it breaks below $3,000.
#ETH #Ethereum #Crypto #BTCBreaks93k
Current Price: $3,047.06 (-4.61% in the last 24h)
---
Key Levels:
24h High: $3,240.40
24h Low: $3,028.56
Resistance: $3,346.13
Support: $3,013.43
---
Volume Overview:
ETH Volume: 608,529.05 ETH
USDT Volume: $1.92B
Ethereum is currently experiencing a pullback after testing highs near $3,240.40. Watch for potential support near $3,013.43 or further downside risks if it breaks below $3,000.
#ETH #Ethereum #Crypto #BTCBreaks93k
Ethereum price forecast: ETH might reach $4,500 amid investor mixed on-chain flows
Ethereum ETFs saw six consecutive positive days following $146.9 million net inflows on Thursday.
The previous 48 hours saw $300 million of ETH unstaked.
Ethereum might reach $4,522 if the inverted head and shoulders pattern forms.
After six days of record net inflows across ETH exchange-traded funds (ETFs), Ethereum (ETH) fell over 1% on Thursday. Despite the positive market forecast, $300 million of unstaked ETH might lower prices.
Mixed on-chain conduct from Ethereum investors
Ethereum ETFs are on course to have their greatest week since inception following $146.9 million in net inflows on Wednesday, according to Coinglass. The products have seen six consecutive days of positive flows, totaling $796.2 million.
The fresh inflows have raised ETH ETF net flows to $241.7 million, positive for the first time since inception.
ETH's rising exchange reserve should worry investors. Rising exchange reserves may enhance selling pressure.
IntoTheBlock claims a net outflow of 94.4K ETH worth over $300 million in ETH staking flows in the previous 48 hours. If staking outflows increase supply pressure, ETH may fall.
On Thursday, Franklin Templeton added its US Government Money Fund (FOBXX) to Ethereum. FOBXX allows investors acquire government securities and buyback agreements and store them in crypto wallets using Franklin's Benji app.
Coinglass data shows Ethereum trading at $3,110 after $57.34 million in liquidations in 24 hours. Long and short liquidations were $34.13 million and $23.20 million.
ETH rebounded from the 14-day Exponential Moving Average (EMA) in blue after selling pressure at $3,400 prolonged its drop to three days.
Since bouncing off the EMA, the top altcoin may form an inverted head-and-shoulders pattern. This trend might push ETH beyond its yearly high barrier of $4,093 to $4,522.
The 14-day RSI is falling and approaching its yellow moving average line. If this happens, ETH might drop below $2,817.
#ETH #Ethereum $ETH
Ethereum ETFs saw six consecutive positive days following $146.9 million net inflows on Thursday.
The previous 48 hours saw $300 million of ETH unstaked.
Ethereum might reach $4,522 if the inverted head and shoulders pattern forms.
After six days of record net inflows across ETH exchange-traded funds (ETFs), Ethereum (ETH) fell over 1% on Thursday. Despite the positive market forecast, $300 million of unstaked ETH might lower prices.
Mixed on-chain conduct from Ethereum investors
Ethereum ETFs are on course to have their greatest week since inception following $146.9 million in net inflows on Wednesday, according to Coinglass. The products have seen six consecutive days of positive flows, totaling $796.2 million.
The fresh inflows have raised ETH ETF net flows to $241.7 million, positive for the first time since inception.
ETH's rising exchange reserve should worry investors. Rising exchange reserves may enhance selling pressure.
IntoTheBlock claims a net outflow of 94.4K ETH worth over $300 million in ETH staking flows in the previous 48 hours. If staking outflows increase supply pressure, ETH may fall.
On Thursday, Franklin Templeton added its US Government Money Fund (FOBXX) to Ethereum. FOBXX allows investors acquire government securities and buyback agreements and store them in crypto wallets using Franklin's Benji app.
Coinglass data shows Ethereum trading at $3,110 after $57.34 million in liquidations in 24 hours. Long and short liquidations were $34.13 million and $23.20 million.
ETH rebounded from the 14-day Exponential Moving Average (EMA) in blue after selling pressure at $3,400 prolonged its drop to three days.
Since bouncing off the EMA, the top altcoin may form an inverted head-and-shoulders pattern. This trend might push ETH beyond its yearly high barrier of $4,093 to $4,522.
The 14-day RSI is falling and approaching its yellow moving average line. If this happens, ETH might drop below $2,817.
#ETH #Ethereum $ETH