Bitcoin, Ether Rally Higher As US Monetary Plan Excites Bulls
Bitcoin and Ether rallied as expansionist US monetary policy and a cool-down in the Iran war tensions buoyed investor confidence.
Bitcoin and Ether rallied as expansionist US monetary policy and a cool-down in the Iran war tensions buoyed investor confidence.
Ethereum onchain data and a confirmed bullish chart pattern hint at an Ether price rally to $3,000.
Ether price showed strength in its USD and BTC pairs after the SEC issued new guidance on DeFi regulation and institutional investors ramped up their ETH purchases.
Ether whales are back in profit, raising the chance for a rally to $3,000, but the rally depends on more than just accumulators.
ETH price remains steady above $2,000 as derivatives show buyer dominance and spot ETFs see inflows.
ETH volatility drops sharply to 9-week lows, which often precedes big price moves.
The Ethereum Foundation executed 11 validator deposits totaling $46.2 million as it ramps up a 70,000 ETH staking plan following a recent BitMine OTC sale.
Ethereum is flashing a familiar bull trap that preceded 45% and 48% drops in the past, raising risks of a fresh breakdown this week.
Ether has dropped 5% over the last 24 hours to trade at $1,975 on Friday as traders say the downside is not over for ETH price.
Ethereum is in a good position to reclaim $2,200 and flip it into a new support zone, but several things must happen first.
ETH price can drop below $1,500 over the coming weeks as a classic bearish pattern plays out on the charts.
Ether price blasts past $3,000 amid massive whale accumulation, record-low exchange supply and rising network activity.
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