Ethereum Price Crashes to $3,000 Amid Market Shakeout, Analysts Warn of Volat...
The Ethereum price has plummeted below the critical $3,000 level as the broader cryptocurrency market experiences an intense sell-off, triggering renewed uncertainty among traders. Related Reading: Circle Reports Q3 Reserve Income Exceeding $700 Million, Teases Native Token Launch ETH is currently trading around $3,067, marking a 23% decline over the past month and signaling one […]
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A crypto analyst has shared a new bold forecast for the Ethereum price, predicting that the number one altcoin is on the verge of an explosive rally to $17,000. The analyst has cited past trends to support his bullish projections, highlighting that Ethereum rallies significantly after a decline. Ethereum Price Forecast Targets $17,000 According to Kiu_Coin, the Ethereum season has just begun, opening up possibilities of price reversals and buying opportunities. Lately, the Ethereum price has been trading sideways, experiencing massive declines that the analyst has described as a “shake....
Ethereum is facing a pivotal test as the market struggles to hold momentum amid mounting selling pressure. After losing the $4,500 level, ETH has entered a tight consolidation range, with bulls now forced to defend current levels. Analysts warn that failure to reclaim $4,500 soon could open the door to a deeper correction, with downside […]
SUI, one of the leading altcoins of this cycle, has recorded an impressive price recovery over the past two months. However, as the cryptocurrency fails to hold some key levels, some analysts warn of a potential drop below the $3.00 support. Related Reading: Ethereum Eyes 15% Move Amid Key Resistance Retest – Breakout Or Rejection Next? SUI Rally Risks Massive Price Drop Since hitting its four-month high of $4.29, SUI’s price has been moving sideways, hovering between $3.40-$4.00 throughout most of May. Amid last week’s market retrace, the altcoin recorded a 14.2% price drop, losing its....
Bitcoin finally broke below the $40K point this past weekend. This had sent the cryptocurrency back towards six-month lows. One thing though was that liquidations or the digital asset remained lower than expected. The current liquidation volumes lay well below the volumes that have accompanied previous crashes like this one. This could be a very important indicator for the market. Bitcoin Liquidations Remain Low In Shakeout Previously, whenever the price of bitcoin had dumped this hard, liquidation volumes have quickly risen. This is due to the massive sell-offs that follow such crashes as....
Following Bitcoin and other top coins, Ethereum is in red, bleeding at spot rates. In summary, Ethereum is down 20% from the May 2024 highs, easily breaking $3,300, as the Bears target is $3,000 in the short term. Ethereum Down But Analysts Are Bullish: Here’s Why However, amid this deluge of sellers, some analysts remain […]