Ethereum Steadies Near $2,900 as Fed Rate-Cut Odds Fuel $3,400 Rebound Hopes
Ethereum (ETH) is holding firm around the $2,900 level as improving macro sentiment, renewed whale accumulation, and rising ETF inflows strengthen expectations for a short-term rebound toward $3,400. Related Reading: Capriole Founder Not Bearish On Bitcoin Despite Headwinds—Here’s Why With Federal Reserve rate-cut odds now above 80%, traders are positioning for a potential shift in risk appetite that could benefit major cryptocurrencies, especially ETH. ETH's price trends to the downside on the daily chart. Source: ETHUSD on Tradingview Fed Pivot Hopes and Institutional Demand Bolster....
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Technical chartists extended their Ethereum price target beyond $400 as the blockchain inched towards a major protocol upgrade. The ETH/USD exchange rate surged to its multiweek high near $378 last week amid a broader crypto market rebound. The new capital came following hopes of the second US stimulus package, a deal that remains stuck on […]
Ethereum‘s performance in the ongoing bull cycle is being considered sluggish compared to other past bull market cycles, where the second largest crypto asset witnessed significant growth within the timeframe. Nonetheless, ETH appears to be regaining upward momentum, showing the potential for a short-term rebound. An Impending Short-Term Surge For Ethereum Rebound hopes for Ethereum […]
Bitcoin rose Monday, putting itself back on track to retest its record high after promising results on a coronavirus vaccine reinforced hopes of an economic rebound next year. The spot BTC/USD exchange rate climbed 0.95 percent after the benchmark cryptocurrency briefly snapped its six-week winning streak on Sunday. The pair touched an intraday high of […]
Here are two Ethereum metrics that are currently showing values that may lead to a rebound for the cryptocurrency’s price. Ethereum Could Rebound Off The Current Market FUD According to data from the on-chain analytics firm Santiment, the crowd seems to have started to bet against ETH in the past few days. There are two […]
Ethereum is holding a major support near $1,150 against the US Dollar. ETH price is consolidating and it is likely setting up for a major upside break above $1,250 Ethereum is facing a couple of major hurdles near $1,245 and $1,250. The price is likely to remain well bid above $1,150 and near the 100 […]