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Ethereum Technical Analysis: ETH Faces Critical Resistance at $2,800 Amid Market Indecision

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On August 26, 2024, ethereum’s price hovered around the $2,739 mark, reflecting a cautious market sentiment as traders weigh the potential for further gains against looming resistance. Technical indicators across multiple timeframes reveal a mixed outlook, with key support and resistance levels tightly defining ethereum’s near-term trajectory. Ethereum Ethereum’s daily chart shows a strong downtrend … Read more

Ethereum Whale Activity Raises Red Flags As Dominance Declines

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Ethereum, the second-largest cryptocurrency by market capitalization, has seen its dominance decline slightly, dropping from 16.8% to 15.2% over the past two years. Despite this modest decrease, Ethereum has managed to maintain relative stability in the ever-fluctuating crypto market. #Bitcoin Dominance has surged from 38% in Nov 2022 to a notable 56% today. Meanwhile, #Ethereum, … Read more

Analysts Predict Ethereum Could Reach $6,404 By End Of 2024 Amid Rising ETF Interest

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Top analysts, media outlets, and fund managers are collectively bullish on Ethereum’s price trajectory, predicting it will average $6,404 by the end of 2024. Forecasts vary widely, with predictions ranging from $4,400 to a staggering $166,000. What is Ethereum’s price prediction for 2024? 👀 Our latest study reveals that top analysts, outlets, and fund managers … Read more

Ethereum Faces Potential Correction To $2,350 Amid Vitalik Buterin’s Significant Movements

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A recent analysis by crypto analyst Ali Martinez on X suggests that Ethereum may be forming a rising wedge pattern, a technical indicator that could signal a pullback before a possible correction to $2,350. However, Martinez notes that this bearish outlook could be invalidated if Ethereum manages to close above $2,800, a crucial resistance level. … Read more

Ethereum Profitability Drops To 66% Amidst Market Volatility And DeFi Challenges

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Ethereum’s profitability has declined to 66%, reaching levels not seen since October 2023. This dip comes as the market navigates a complex landscape marked by mixed technical signals and ongoing challenges within the decentralized finance (DeFi) sector. 🔸 #Ethereum profitability falls to 66%, mirroring Oct 2023 levels. 🔸 RSI and MACD show mixed signals as … Read more

Crypto ETF Market Sees Turnaround: Bitcoin and Ethereum Funds Net Inflows

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U.S.-based spot bitcoin and ethereum exchange-traded funds (ETFs) both enjoyed a lift on Monday, with ETH ETFs pulling in $4.93 million while BTC ETFs attracted $27.87 million during the day’s trading. Crypto ETFs Make a Positive Comeback On Aug. 12, 2024, both spot bitcoin (BTC) and ethereum (ETH) ETFs experienced inflows, marking a shift from … Read more