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Crypto Ethereum

Ethereum Price Prediction: ETH Falls Below $4,200 ahead of Powell’s Jackson Hole Address

Ethereum continued falling below $4,200 on Tuesday, declining by more than 10% following last week’s U.S. inflation figures that precipitated risk-off sentiments. Traders are expecting increased volatility in anticipation of Fed Chair Jerome Powell’s speech at the upcoming Jackson Hole Symposium, with near-term implied volatility increasing and institutional outflows putting pressure. On-chain metrics also indicate a record increase in validator exit queues, and U.S. spot Ethereum ETFs saw substantial net outflows, indicating waning investor sentiment. Technical chart signals point toward bearish trends, and risks of ETH dipping towards $4,000 or lower unless it moves above critical resistance at $4,500. KEY LOOKOUTS • Market volatility may soar based on whether the Fed Chair takes a hawkish or dovish stance. • All-time high in validator exits (927,000 ETH) could inject bearish pressure and weaken sentiment. • U.S. spot Ethereum ETFs witnessed significant outflows of around $200 million, indicating diminished institutional demand. • ETH needs to sustain the $4,100–$4,000 support level; a failure would see it move down to $3,500, while a recovery above $4,500 can revive the bull momentum. Ethereum’s latest fall to under $4,200 has heightened bearish sentiment as traders prepare for increased volatility leading up to Fed Chair Powell’s address at the Jackson Hole Symposium. The market is struggling to come to terms with severe ETF outflows, an all-time high spike in validator exits, and more than $1.1 billion worth of liquidations since the release of last week’s inflation data. These are compounded by weakening technicals, indicating that Ethereum may see additional downward risks at $4,000 unless a bounce above $4,500 revitalizes bullish momentum. Ethereum dropped below $4,200 as investors grew nervous ahead of Powell’s speech at Jackson Hole. Increasing validator exits, ETF redemptions, and bearish technical cues indicate ETH could challenge the $4,000 barrier in the near term. • Ethereum fell to under $4,200, extending its losing streak to more than 10% following the release of last week’s U.S. inflation figures. • Market participants anticipate Powell’s speech in Jackson Hole, which will likely initiate increased volatility. • More than $1.1 billion in ETH long liquidations have taken place since last Thursday, a sign of investor de-risking. • Short-term implied volatility (7-day IV) spiked to 73%, a sign that near-term uncertainty is on the rise. • Validator exit queues record 927,000 ETH, putting pressure on market sentiment. • U.S. spot Ethereum ETFs had net outflows of $196.6 million, the second-largest on record since launch. • Technical indicators RSI, Stochastic, and MACD are becoming bearish, and $4,000 is looked upon as key support. Ethereum market sentiment has become risk-averse as investors wait for Fed Chair Jerome Powell’s address at the Jackson Hole Symposium. The address will have bearing on wider financial markets, with traders preparing for volatility based on whether Powell indicates a dovish or hawkish monetary policy. Recent U.S. inflation data has already shaken risk assets, leading to massive liquidations in Ethereum and a wave of investor de-risking. ETHEREUM DAILY PRICE CHART SOURCE: TradingView Adding to the bearish sentiment, Ethereum also witnessed massive on-chain activity, with validator exit queues reaching all-time highs, reflecting a change in engagement among network validators. Concurrently, U.S. spot Ethereum ETFs also witnessed one of the biggest net outflows since inception, evidencing dwindling institutional interest. Combined, these trends signal increased uncertainty and support the anticipation of increased short-term market volatility. TECHNICAL ANALYSIS Ethereum’s technical prognosis has deteriorated following a fall below the 14-day Exponential Moving Average (EMA) and challenging the $4,100 support level. Technical indicators like the Relative Strength Index (RSI) and Stochastic Oscillator are also nearing bearish levels, hinting at more decline momentum. The Moving Average Convergence Divergence (MACD) has also fallen below its signal line, with red histogram bars pointing towards a bearish tilt. If ETH cannot stay above $4,100–$4,000, it may continue losses toward $3,500, while a strong close above $4,500 could negate the bearish configuration and set the stage for its all-time high level around $4,868. FORECAST Should Ethereum recover from the $4,100–$4,000 support level, it would have a chance to regain bullish momentum towards the $4,500 resistance. A daily close above this point would negate the bearish setup and could push ETH towards retesting its all-time high resistance of $4,868. Bullish signals from Powell’s speech, slowing ETF outflows, or calming validator exits would also contribute to an upward push in the near future. Conversely, a breakdown below the $4,100–$4,000 support level could further strengthen selling pressure, with ETH poised to drop to $3,500 as the next significant downside target. Ongoing institutional outflows, record-high validator exits, and Powell’s hawkish rhetoric could bear down on sentiment, further supporting bearish momentum and capping recovery efforts.

Crypto Ethereum

Ethereum Price Prediction: ETF Flows and Regulation Hopes Conflict with Bearish Technical Indications

Ethereum (ETH) grapples with mixed signals when trading near $2,510, sliding 3% in the face of healthy institutional demand and regulatory confidence. US spot Ethereum ETFs are likely to record an eighth week in a row of net inflows, amounting to almost $2 billion, fueled by increasing adoption, tokenization advancements, and stablecoin legislation updates. Though, ETH is finding it difficult to develop bullish impulses as technical signals warn of a possible “death cross,” which in the past resulted in 35% price drops. Although traders are bullish about the rally beyond $3,000, bearish technicals and macroeconomic volatility may push ETH towards $1,750. KEY LOOKOUTS • Observe whether US spot Ethereum ETFs can continue their winning streak and drive cumulative inflows above the $2 billion level, indicating consistent institutional appetite. • Watch out for next week’s decisions on the GENIUS stablecoin bill and CLARITY bill during Crypto Week (from July 14), which may significantly impact investor attitude. • Watch Ethereum’s weekly chart—if the 50-SMA falls below the 100-SMA, it may validate a death cross and initiate the possible 35% price decline. • A breach above the symmetrical triangle pattern and major SMAs near $2,600 would invalidate the bearish setup and rekindle bullish momentum towards $3,000+. Price action in Ethereum tells a bearish story as bearish technical indicators clash with strong ETF inflows and optimism about regulation. While US spot ETH ETFs have witnessed about $2 billion of net inflows in eight weeks—driven by corporate adoption, tokenization development, and favorable lawmaking—ETH is still resisting at crucial technical levels. The upcoming specter of a “death cross” on the weekly chart, when the 50-period SMA can potentially fall below the 100-period SMA, puts pressure on the ongoing trend. Despite traders positioning for a breakout above $3,000, bearish signals remain at risk of triggering a plunge to $1,750 if validated. Ethereum is subject to conflicting signals with robust ETF inflows and regulatory optimism balanced by bearish technical trends. A possible death cross might trigger a fall to $1,750, even in the face of bullish trader sentiment targeting a breakout above $3,000. • Ethereum price fell 3% to $2,510 despite robust institutional inflows. • US spot ETH ETFs are poised for eight straight weeks of net inflows, close to $2 billion aggregate. • Tokenization initiatives and Ethereum-centric treasury programs by listed companies provide positive momentum. • Future US legislation such as the GENIUS and CLARITY bills has the potential to frame market sentiment. • Almost 80% of ETH call options for July expire above $3,000, indicating bullish positioning. • Technical indicators signal a possible death cross, in the past leading to 35% drops. • A break above $2,600 and symmetrical triangle formation may render bearish prognosis useless. Ethereum remains to draw important institutional attention, with US spot Ethereum ETFs headed for an eighth consecutive week of net inflows, amounting to almost $2 billion. The cause is mostly fueled by expanding faith in Ethereum’s ecosystem, particularly as increasingly public companies start adding Ethereum to their treasury strategies. The aspects like Robinhood’s release of tokenized US stocks on the Arbitrum Layer 2 network show the role Ethereum is playing in digital finance and tokenization. ETHEREUM DAILY PRICE CHART SOURCE: TradingView Regulatory momentum is also contributing to Ethereum’s attractiveness. The next Crypto Week in the US, when lawmakers will be debating important crypto bills such as the GENIUS stablecoin bill, may open the door to a more organized and favorable regulatory framework. These developments point to increasing government interest in establishing a clear and effective setting for blockchain technologies, with Ethereum at the forefront of this new digital reality. TECHNICAL ANALYSIS Ethereum is indicating signs of potential vulnerability as it gets close to a critical bearish signal: the death cross. On its weekly chart, the 50-period Simple Moving Average (SMA) is near to falling below the 100-period SMA, which in the past has indicated a downtrend. Previously, these crossovers have led to price declines of more than 35%. Moreover, ETH has also resisted strongly at the $2,600 level and lost momentum upward. The Relative Strength Index is neutral, but the Stochastic Oscillator is near the overbought zone, indicating indecision in the direction of the market and that there is no significant bullish pressure. FORECAST If Ethereum holds up at current support levels and moves above the $2,600 resistance level, it can set the stage for a bullish advance towards $3,000, or even higher. Ongoing institutional flows through ETFs, favorable legislative results from the forthcoming Crypto Week, and greater adoption through tokenization initiatives and corporate treasury programs can be good catalysts for further gains. A breakout of the symmetrical triangle pattern would also support the bullish case, further confirming trader expectations for a sharp price rise. Conversely, a failure to re-take important resistance levels and confirmation of the expected death cross could trigger a sharp drop in the price of Ethereum. Past behavior would indicate a potential 35% drop that could move ETH to the $1,750 support area. Further stress from macroeconomic uncertainty, for example, from the Federal Reserve’s actions or geopolitical events, may further tense investor attitudes and speed a bearish move. Failure to follow through on ETF flows or adverse regulatory surprises will also contribute to bear pressure.

Crypto Ethereum

Ethereum Price Prediction: ETH Threatens 35% Plunge Despite Death Cross Warning and Trump’s Trade War Threats

The price of Ethereum fell to just under $2,400 after former US President Donald Trump’s sudden cancellation of trade negotiations with Canada over new digital levies and perennial tariffs disputes. The political event put the market on edge, sending Ethereum into a defensive trading range against already poor funding rates and waning investor optimism. With a potential death cross in the making on technical charts, ETH is at risk of a massive decline unless it crosses above crucial resistance at $2,850. Although there is still upside if momentum changes, the prevailing macroeconomic and geopolitical environment indicates that traders are preparing for more volatility.” KEY LOOKOUTS • A possible death cross between the 50-day and 100-day SMAs might initiate a 35% drop, consistent with past historical trends. • Ethereum sentiment diminishes as President Trump suspends trade negotiations with Canada due to unequal digital taxes and levies. • ETH’s funding levels have gone negative several times this week, indicating risk-averse investor sentiment and waning retail positivity. • ETH needs to clear $2,850 to render the bearish view inaccurate; otherwise, it is heading to $1,700 if support gives way. The price of Ethereum fell a little below the $2,400 level on Friday after President Trump made a sudden announcement to cancel trade negotiations with Canada over new digital services taxes and long-standing tariff disagreements. Though equities had a positive response to reports of a done US-China trade deal at first, this quickly turned sour after Trump’s announcement, pulling crypto sentiment along with it. Ethereum, which has been weakening through the negative funding rates and weighted sentiment decline, is now under more pressure with technical indicators pointing towards the possibility of a death cross. Should this bearish trend confirm, ETH would see its price take a major fall, supporting the carefulness that has recently been adopted by investors through persistent macroeconomic uncertainty. Ethereum fell under $2,400 after President Trump cancelled trade negotiations with Canada, triggering risk-off sentiment. Poor funding rates and investor wariness are hindering ETH, which is now threatened by a possible death cross. A confirmed signal could result in a steep drop towards $1,700. • Ethereum fell below $2,400 following President Trump’s cancellation of trade negotiations with Canada, triggering market uncertainty. • Trump used Canada’s Digital Services Tax on U.S. technology companies as a pretext for halting talks, ratcheting up trade tensions. • ETH financing rates went negative several times this week, indicating increasing bearish sentiment among traders. • Weighted sentiment fell sharply to levels not seen since previous trade war threats in March. • A possible death cross between the 50-day and 100-day SMAs might presage a 35% price decline, repeating previous trends. • ETH saw more than $50 million in liquidations with longs representing most of the losses. • Resistance is at $2,850, and a breakout above this may nullify the bearish scenario and have $3,400 as its target. Ethereum’s price movement in the recent past has been driven more by geopolitical events than on-chain metrics. Former President Donald Trump’s move to cut trade talks with Canada has brought back trade war tensions, especially after blaming Canada for charging U.S. tech companies with discriminatory digital service taxes. The action not only caused volatility in mainstream financial markets but also crossed over into the cryptocurrency market, adding to investors’ loss of confidence. The wider crypto market was broadly flat, with stock indices such as the S&P 500 and Nasdaq momentarily rallying before flagging. ETHEREUM DAILY PRICE CHART SOURCE: TradingView Retail sentiment towards Ethereum has cooled significantly in spite of earlier enthusiasm driven by developments in global ceasefires and positive macroeconomic trends. Trump’s combative rhetoric and threats of fresh tariffs have introduced uncertainty, particularly for risk-averse assets such as cryptocurrencies. Market participants appear to be treading cautiously, avoiding large commitments amid the political noise. Ethereum’s future movement now hinges heavily on how global markets absorb these geopolitical shifts and how investors balance optimism from trade progress elsewhere with renewed tensions close to home. TECHNICAL ANALYSIS Ethereum indicates the beginning of possible bearish momentum as the 50-day Simple Moving Average (SMA) approaches a crossover below the 100-day SMA, a pattern called a “death cross.” The pattern, traditionally linked to bear markets, increases the possibility of a steep downturn if it indeed manifests. Relative Strength Index (RSI) is just short of the neutral area, indicating indecision in momentum, and the Stochastic Oscillator is probing its overbought threshold. If both indicators are rejected, it may add to downward pressure. Yet, a continuation beyond the $2,850 resistance level would nullify the bearish setup and provide the way for a bull breakout. FORECAST If Ethereum is able to bounce above the critical resistance of $2,850, it may initiate a fresh bullish trend. This break would most likely attract fresh buying interest and investor attention, compelling ETH towards the next psychological level of $3,400. Favorable momentum could be fueled by better sentiment, positive macroeconomic news, or reduced geopolitical tensions. A strong break past $3,400 would set the stage for a retest of year-highs and reinforce Ethereum’s position in the wider crypto market. Conversely, in the event that Ethereum confirms the imminent death cross between the 50-day and 100-day SMAs, it would spell a massive price correction. According to historical trends, ETH can drop by as much as 35%, lowering the price to the $1,700 support level. Sustained negative funding rates, poor sentiment, and continued geopolitical tensions might further accelerate this decline. A failure to maintain above the key support levels in the $2,300–$2,400 region could provoke further selling from both derivatives and spot traders.

Crypto Ethereum

Ethereum Price Forecast: ETH Targets Breakout as Geopolitical Risks and Exchange Inflows Escalate

Ethereum (ETH) is hovering around $2,420 following fresh sell pressures precipitated by escalating Middle East tensions and massive exchange inflows worth 285,000 ETH in four days. Withstood by the short-term bearish bias and liquidations of $163 million, ETH has strong underlying buying, exemplified by increasing accumulation wallet balances and all-time high staking levels. With the price closing in on the top of a symmetrical triangle formation, the market is expecting a possible breakout. Structural demand, ETF inflows, and diminishing tradable supply are still providing support that macro-driven declines remain perceived as buying opportunities instead of a sign of a long-term reversal. KEY LOOKOUTS • ETH is approaching the top of a symmetrical triangle formation, which is a sign that a breakout in either direction may be imminent — an important technical level to closely monitor. • Ongoing strong exchange net inflows (285,000 ETH in 4 days) indicate ongoing selling pressure, which has the potential to limit near-term upside. • Accumulation addresses have contributed 5 million ETH since June, and staked ETH stands at an all-time high of 35.1 million — both reinforcing long-term bullish fundamentals. • Middle East tensions remain a wildcard; any escalation or resolution could significantly sway short-term market sentiment and ETH price direction. Ethereum is currently navigating a phase of heightened uncertainty, trading around $2,420 amid geopolitical tensions and a spike in exchange inflows that indicate short-term selling pressure. Despite this, the underlying fundamentals remain strong, with structural demand supported by record ETH accumulation and staking activity. Technical indicators look for a possible breakout as ETH nears the top of a symmetrical triangle formation, with a strong move possibly in the offing. While macro headwinds from the Middle East crisis can momentarily bear down on sentiment, strong demand metrics and steady ETF interest signal that the market continues to look at dips as a strategic entry point and not necessarily as a sign of a larger downtrend. Ethereum floats around $2,420 against the backdrop of rising geopolitical tensions and rising exchange inflows, indicating short-term sell pressure. Yet, sustained accumulation and all-time-high staking levels indicate underlying bullish resilience. A breakout seems close as ETH approaches the peak of a significant symmetrical triangle pattern. • Ethereum is floating around $2,420, down 3% Friday with geopolitical tensions rising in the Middle East. • Total exchange inflows were 285,000 ETH over four days, suggesting persistent short-term selling pressure. • Ethereum futures open interest increased by 720,000 ETH, which indicates short positions. • Total liquidations reached $163 million, with $140.94M long and $22.42M short. • ETH accumulation addresses gained 5 million ETH since early June, demonstrating strong long-term demand. • Staked ETH reached an all-time high of 35.1 million, with more than 500,000 ETH injected during the first half of June. • Ethereum is close to a break-out point as it edges towards the top of a symmetrical triangle formation. Ethereum remains an investor favorite in spite of persistent geopolitical uncertainties and a short-term surge in exchange inflows. Institutional and retail investment continues to be visible, with accumulation wallets witnessing consistent growth and staking activity at record highs. These trends attest to faith in Ethereum’s long-term value, despite the general crypto market reacting to worldwide occurrences. The staked ETH increase also indicates a movement towards long-term holding strategies and lower liquid supply, which can be used to maintain price stability in the long term. ETHEREUM DAILY PRICE CHART SOURCE: TradingView In contrast, Ethereum’s network activity remains stable, with steady growth in new wallet addresses and overall usage. Applications and protocols on Ethereum continue to grow, solidifying its status as the premier smart contract platform. The recent 1,000 ETH contribution to Nasdaq-listed BTCS’s treasury further highlights increasing corporate confidence in Ethereum’s promise. With all the macroeconomic noise in the background, on-chain fundamentals and user growth indicate a strong and resilient Ethereum ecosystem. TECHNICAL ANALYSIS Ethereum is nearing the peak of a symmetrical triangle formation, generally a precursor to a breakout. Following a false breakout higher at $2,850 last week, ETH retraced to the $2,450 level and is currently consolidating around $2,420. This constricting price action implies lower volatility and increasing pressure for a directional move. The traders are eagerly waiting for a confirmed break above the upper trendline, which may set the stage towards $2,700–$2,800, and a breakdown below support levels may set off a retest of the $2,300 level. Volume movements and momentum oscillators will play a decisive role in verifying the next leg. FORECAST If Ethereum can break above the upper boundary of the symmetrical triangle with good volume confirmation, it may set off a bullish trend towards the $2,700–$2,800 zone. This situation would most probably be accompanied by ongoing institutional demand, increasing staking engagement, and tradable supply reduction. The market will further also react positively to any alleviation of geo-political tensions or positive macroeconomic news, continuing the upward drive. Ongoing ETF inflows and high on-chain activity could consolidate investor optimism and propel ETH higher in the near to medium-term. To the downside, failure to stay above key support near $2,400 may see further selling pressure, particularly in case geopolitical tensions escalate or exchange inflows persistently grow. A breakdown from the triangle pattern could see a test of the $2,300–$2,200 area, where the buyers might jump in. Shorting and bearish sentiment building up across the wider crypto market may extend the downside risk. But long-term staking and accumulation trends could keep deeper falls in check and serve as a cushion during corrections.

Crypto Ethereum

Ethereum Price Prediction: ETH Under Bearish Pressure Despite SharpLink’s $463M Purchase

Ethereum (ETH) continues to slide despite the significant $463 million purchase made by SharpLink Gaming, making the firm the largest publicly traded owner of ETH. The firm purchased 176,270.69 ETH at an average price of $2,626 and staked more than 95% of its position to secure the network while earning yield. Despite this, ETH is still on the back foot, down 6% amidst growing tensions in the Middle East and heavy futures liquidations. Ethereum is now at risk of further losses if it cannot keep pivotal support levels at around $2,500 and will drop to the $2,260 level, while a breakout over $2,850 can reignite bullish drive. KEY LOOKOUTS • SharpLink purchases 176,270.69 ETH for $462.9 million, the largest publicly traded holder of ETH, with 95% of its holdings staked for network security and yield. • Continued Middle East tensions, especially Israel’s attacks on Iran, are driving broad market volatility and downward pressure on ETH. • Ethereum is faced with serious support at $2,500 and the 38.2% Fibonacci retracement around $2,450. The inability to hold could send prices towards $2,260 or even lower to the $2,110-$2,260 zone. • The Relative Strength Index (RSI) and Stochastic Oscillator (Stoch) are still moving lower, and the risk of further falls rises unless ETH picks up momentum over the $2,850 resistance level. In spite of the upbeat mood generated by SharpLink Gaming’s gigantic $463 million ETH purchase, Ethereum remains under bearish pressures fueled by rising geopolitical tensions and large futures market liquidations. The steep drop of 6% underscores the market’s sensitivity to outside macroeconomic and geopolitical conditions. While SharpLink’s action affirms faith in Ethereum’s long-term utility and network resilience, near-term price action continues to be vulnerable, with primary technical levels being tested. If Ethereum cannot sustain above $2,500 levels, more downside towards $2,260 becomes the probable direction. Ethereum is still under bearish pressure even after SharpLink’s $463 million purchase. Geopolitical tensions and liquidation of futures are still affecting the market. Leveling off at the crucial support of $2,500 can help avoid more downside towards $2,260. •  SharpLink Gaming bought 176,270.69 ETH for $462.9 million, becoming the biggest publicly traded ETH owner. •  More than 95% of SharpLink’s ETH reserves are staked, securing Ethereum’s network and earning yield. •  Ethereum price fell 6% amidst the positive news because of increased Middle East tensions. •  ETH was subject to $296 million in 24-hour futures liquidations that provided additional selling pressure. •  Support levels of interest are $2,500 and the 38.2% Fibonacci retracement at $2,450. •  In case of failure of support, ETH can fall to the $2,110–$2,260 level with 50-day and 100-day SMAs providing potential support. •  RSI and Stochastic Oscillator technical indicators are signaling bearish momentum unless ETH crosses over $2,850 resistance. SharpLink Gaming has been grabbing all the news headlines with its aggressive entry into cryptocurrency with the purchase of 176,270.69 ETH for around $462.9 million. This acquisition not only makes SharpLink the largest publicly traded owner of Ethereum but also reflects increasing institutional faith in the long-term promise of blockchain technology. By staking more than 95% of its position, the company is directly supporting the network security and decentralization of Ethereum while at the same time accruing staking rewards, highlighting a thoughtful strategy for digital asset management. ETHEREUM DAILY PRICE CHART SOURCE: TradingView The takeover is made at a critical juncture in the Ethereum network, with real-world asset tokenization, regulatory clarity, and increasing institutional interest reshaping the wider crypto ecosystem. The wider industry sees Ethereum as becoming a fundamental element of financial infrastructure rather than part of the crypto ecosystem per se. With growing embracement of decentralized finance (DeFi) and forthcoming regulatory blessings from the SEC, Ethereum’s positioning as a settlement layer for financial systems and programmable money strengthens further, attracting major interest from investors and companies alike. TECHNICAL ANALYSIS Ethereum is now cruising through an intense technical region after being rejected in the vicinity of the $2,850 resistance. The price has come down since then by about 12%, dropping momentarily below the $2,500 level before a temporary halt at around the 38.2% Fibonacci retracement level of $2,450. The 50-day Simple Moving Average (SMA) coincides with the lower end of a very important channel and is an important support level. Failing that, Ethereum could drop down towards the range of $2,110–$2,260, where the 100-day SMA offers further support. On the positive side, retaking the $2,850 resistance is paramount to creating a bullish reversal towards the $3,400 level. FORECAST Ethereum would lose support if it cannot hold ground above the $2,500 level and the 38.2% Fibonacci retracement at $2,450. It could be subjected to more selling pressure and possibly continue to the $2,260 support level, with an eventual further slide to $2,110 if bearish forces persist. Having the 50-day and 100-day SMAs in this region might provide some short-term relief, but sustained geopolitical tensions and liquidations in the futures market might bear down on price action. On the upside, Ethereum needs to break above the $2,850 resistance level and hold on to indicate a change in sentiment. A successful break would trigger new buying pressure, and the price may reach the $3,400 resistance area. Favorable regulatory news, institutional inflow, and renewed market optimism can act as the trigger for this move.

Crypto Ethereum

Ethereum Price Forecast: ETH Sees $3,400 Target as Futures Open Interest Hits Historical High

Ethereum (ETH) is showing bullish strength as it tests the $2,850 resistance level, fueled by a jump in futures open interest, which recorded a historical high of 15.21 million ETH. Institutional activity, led by the Volatility Shares 2x leveraged ETH ETF, and regular flows into US spot Ethereum ETFs are driving the increase. Accumulation addresses have also experienced high activity, with over 400K ETH inflows on several days. Technical indicators indicate Ethereum trading above its 200-day SMA, with potential for moving up towards $3,400 if present support holds good, although short-term volatility is likely. KEY LOOKOUTS • A key resistance for Ethereum is at $2,850; a break and close above it could open the way to $3,400. • ETH futures open interest has reached an all-time high of 15.21 million ETH, reflecting intense institutional demand and increasing leveraged positions. • Accumulation addresses continue to witness massive inflows, with more than 400K ETH added in five out of the last seven days, reflecting strong long-term holding sentiment. • ETH continues to trade above its 200-day SMA with MACD closing in on a bullish crossover and RSI well on its way to overbought levels, indicating increasing upward momentum but potential short-term corrections. Ethereum is registering renewed strength as it fights off the $2,850 resistance level, fueled by a jump in futures open interest and consistent institutional inflows. The record high futures OI of 15.21 million ETH, dominated by leveraged products such as the Volatility Shares 2x ETH ETF, is a testament to growing investor confidence and risk appetite. While this is happening, high inflows into accumulation addresses and sustained buying pressure in US spot ETFs indicate a healthy demand base. Since ETH is trading above its 200-day SMA and technical indicators are indicating bullish momentum, the cryptocurrency is set to go higher if it sustains current support levels and breaks through short-term resistance levels. Ethereum is probing the $2,850 level of resistance, supported by all-time-high futures open interest and heavy accumulation. Institutional buying, especially via leveraged ETFs, is behind the direction of the market. Support persists, and ETH could aim for the $3,400 level in the days ahead. •  Ethereum’s record-high futures open interest amounted to 15.21 million ETH, which was dominated by the Volatility Shares 2x leveraged ETH ETF. •  CME has observed substantial expansion in ETH futures positions, which reflects increasing institutional demand. •  Accumulation addresses posted recorded inflows in excess of 400K ETH in five of the previous seven days. •  US spot Ethereum ETFs registered net inflows for 17 consecutive days, amounting to $124.93 million on Tuesday alone. •  ETH temporarily broke above the $2,850 resistance level for the first time since February 4. •  Technical markers such as the RSI and MACD indicate firm bullish momentum but suggest potential near-term volatility. •  Should bullish momentum persist, ETH may go for $3,078 and $3,400; inability to maintain support could witness decreases towards $2,500. Ethereum has seen considerable investor demand, especially from institutional investors. Futures open interest in ETH has set an all-time high of 15.21 million ETH, and most of this rise is due to the Volatility Shares 2x leveraged ETH ETF. It has attracted a significant amount of leveraged exposure, which means that high-net-worth and professional traders are long on Ethereum’s long-term future. Also, the Chicago Mercantile Exchange (CME) experienced a significant increase in ETH futures positions, which further highlights the increasing demand from major market players. ETHEREUM DAILY PRICE CHART CHART SOURCE: TradingView Meanwhile, US spot Ethereum ETFs are still seeing steady inflows, which have now had 17 consecutive days of being in the green. Accumulation addresses — accounts that have never offloaded any ETH — are also witnessing significant inflows, which indicates that long-term holders are optimistic about Ethereum’s long-term potential. All these indicate an increasing sentiment of optimism in the market, with both retail and institutional investors reflecting steady demand for the asset. TECHNICAL ANALYSIS Ethereum’s current price action demonstrates robust bullish momentum as it remains above the crucial 200-day Simple Moving Average (SMA), typically a good gauge of long-term trend strength. Relative Strength Index (RSI) is reaching overbought levels, indicating robust buying pressure but also the potential for near-term consolidation or small pullbacks. In the meantime, the Moving Average Convergence Divergence (MACD) is trying to execute a bullish crossover, as its histogram is becoming positive, reflecting a building upside bias. As long as ETH holds its support above the $2,700–$2,760 zone, it is very well-placed to test higher levels of resistance in the coming days. FORECAST If Ethereum is able to breach and hold above the $2,850 resistance mark, it may pave the way to the next significant resistance around $3,078, which also coincides with the 61.8% Fibonacci retracement level. The successful breakout may then take ETH all the way up to the $3,400 area, which is fueled by robust institutional buying interest, accumulation patterns, and optimistic market sentiment. The consistent flows into both spot and futures ETFs also contribute to the positive outlook, indicating that investors continue to have faith in Ethereum’s long-term potential. On the negative side, if Ethereum cannot stay above the $2,850 resistance, it is possible that it will find instant support at its 200-day SMA. Breaking below this level can set off a further drop to the $2,500 level. Also, with RSI nearing overbought territory, the risk of short-term profit-taking and higher volatility is always there, particularly if leveraged positions start to deplete. Investors must be careful against surprise corrections amidst the general market gyrations.

Commodities Gold

Ethereum Price Prediction: ETH Bounces Back from $2,400 As Exchange Inflows Rise and Market Uncertainty Sets In

Ethereum (ETH) traded at a mere $2,500 after suddenly depreciating by 7% due to increasing macroeconomic pressures and increased selling pressure, including more than 117,000 ETH in net exchange inflows. The fall came after a high-profile confrontation between Donald Trump and Elon Musk set in as market uncertainty set in. In spite of the sell-off, ETH drew short-term support around $2,400 and is now trying to recover the lower edge of a rising wedge pattern. Although technical indicators indicate a mild softening in bearish momentum, exchange inflows and a defensive options market convey caution on the part of investors. KEY LOOKOUTS • More than 117,000 ETH came onto exchanges, indicating persistent selling pressure and downside risk if the trend continues. • Ethereum settled just below $2,400; a breakdown below this level may induce a decline towards $2,260–$2,110. • ETH is retesting the support line of the rising wedge at $2,530; rejection at this level may cement additional bearish momentum. • Risk-off is prevalent in the options market, with higher demand for protective puts and bearish reversals across major risk gauges. Ethereum is weathering a decisive moment as it hovers around $2,500, trying to bounce back from a steep fall precipitated by the surge in exchange inflows and wider market uncertainty. The altcoin fell more than 7% following an open confrontation between Donald Trump and Elon Musk and growing U.S. Treasury yields, with investors making over $600 million worth of realized profits. ETH took support close to $2,400 and is now probing the lower edge of a rising wedge pattern, an important technical resistance area of $2,530. Although some indicators such as RSI and Stochastic Oscillator indicate declining bearish momentum, persistent exchange inflows and risk-off sentiment in the options market maintain downward pressures in place. Ethereum is trying to recover after falling more than 7%, resting on support around $2,400 and challenging resistance around $2,530. Increasing exchange inflows and a bearish change in sentiment indicate caution, even with initial indications of weakening downside momentum. • Ethereum is just below $2,500 after a steep 7% fall. • ETH dropped to short-term support around $2,400 after the decline. • More than 117,000 ETH worth of net inflows indicate continuous selling pressure. • Over $600 million in profits were earned over the last two days. • ETH is probing the lower edge of a rising wedge at $2,530. • Risk reversal indicators demonstrate a robust move towards downside protection. • Increasing Treasury yields and soft U.S. job statistics contribute to investor reserve. Ethereum experienced heightened market stress this week as more than 117,000 ETH entered exchanges, the second-highest inflow in months. This move followed a high-profile public spat between Elon Musk and Donald Trump that generated wider market unease. The Ethereum flood onto exchanges indicates that investors chose to take profits as macroeconomic worries increased, with more than $600 million in realized profits in just two days. Such massive moves tend to be indicative of a shift in investor sentiment, particularly when combined with prudence regarding economic metrics such as employment statistics and interest rate dynamics. ETHEREUM DAILY PRICE CHART CHART SOURCE: TradingView Apart from the increased selling pressure, Ethereum exchange-traded funds (ETFs) also continued to experience small inflows, showing that some institutional faith exists despite the overall risk-off mood. In the meantime, increasing U.S. Treasury yields and flat job growth figures contributed to the cautious market tone. Although short-term investor action is defensive, longer-term holders such as those who held ETH for a maximum of two years were also observed to take part in recent profit-taking. Overall sentiment is cautious as market participants absorb the implications of moving macroeconomic trends and political headlines. TECHNICAL ANALYSIS Ethereum recently broke below the lower limit of a rising wedge formation, a generally bearish indication, before rallying around the $2,400 mark. It is now trying to retake this mark by testing the wedge’s previous support line, now resistance at $2,530. A successful breakout over this area could set the route towards $2,750–$2,850, while a rejection can strengthen the bearish trend, which could send ETH down towards the $2,260–$2,110 zone. Markers such as the RSI have bounced back above the mid-line, and the Stochastic Oscillator has moved out of oversold levels, indicating a brief relief in bearish pressure. FORECAST If Ethereum can breach the $2,530 resistance and re-enter the rising wedge pattern, it may initiate a short-term bull reversal. In this case, ETH can rise to the $2,750–$2,850 resistance zone, particularly if macroeconomic conditions improve and exchange outflows start to outnumber inflows. A change in sentiment to the positive and technical confirmation of support reclaiming could give bulls the necessary traction to test higher grounds. To the downside, a failure to break above the wedge’s lower edge may see selling pressure resume. If ETH drops below the key $2,400 support point, it could pave the way for another sharp fall down toward the $2,260–$2,110 area. Ongoing high exchange inflows, hedging options positioning, and ongoing macroeconomic headwinds—such as increasing Treasury yields—would most likely reinforce the bearish thesis in the short term.

Crypto Ethereum

Ethereum’s Explosive 21% Surge: Spot Market Investors and Key Technical Levels Drive ETH’s Recovery

Ethereum (ETH) experienced a remarkable 21.8% surge on Thursday, marking its highest single-day gain since May 2021, driven by a surge in buying pressure from crypto-native spot investors. This rally was further supported by a significant 180,000 ETH withdrawal from exchanges, highlighting the growing confidence among investors. While the surge took place, Ethereum ETFs incurred outflows, and the rally was not driven by high leverage or ETF usage. Activation of the Pectra upgrade and reforms in the Ethereum Foundation also underpinned a positive sentiment shift. With ETH targeting resistance levels of $2,500 and $2,850, technical indicators point to further potential, although a weekly close below $1,680 would render the bullish forecast invalid. KEY LOOKOUTS •  The recent rally was predominantly fueled by crypto-native spot investors, with a whopping 180,000 ETH being withdrawn from exchanges within a mere 24 hours, reflecting growing investor confidence and draining market liquidity. •  ETH needs to break above major resistance levels of $2,500 and $2,850 to maintain its upward trend. A successful breakout above these levels may set the stage for additional price appreciation, while a failure to break above them could lead to a short-term correction. •  Ethereum’s positive sentiment surged with the activation of the Pectra upgrade, which enhances user experience, staking efficiency, and scalability, driving more interest and activity on the network. •  A weekly close below the $1,680 support level would make the current bullish thesis invalid, potentially pushing ETH to the next significant support at $1,400, and emphasizing the need to hold above this level to sustain bullish momentum. Ethereum’s recent 21.8% rally was chiefly led by an increase in crypto-native spot buyers’ buying pressure, which saw more than 180,000 ETH leaving the exchanges over 24 hours as investors bet big on greater investor confidence. Throughout the rally, Ethereum ETFs saw further net outflows, and momentum was not triggered by leverage or ETF activity. Technical indicators are currently targeting major resistance levels at $2,500 and $2,850, and ETH must break these levels for a long-term upward trend. The activation of the Pectra upgrade has also seen a positive sentiment change, increasing interest in the network. Nevertheless, a weekly close below $1,680 would negate the bullish scenario, and the price may correct to $1,400. Ethereum’s latest 21.8% rally was driven by spot market investors pulling huge amounts of ETH out of exchanges, which indicates increasing confidence. With critical resistance levels at $2,500 and $2,850 within reach, Ethereum’s upward momentum may carry on if it manages to stay above $1,680; otherwise, a pullback will ensue. •  Ethereum recorded its largest single-day increase since May 2021, going up 21.8% on Thursday. •  Crypto-native spot buyers led the rally, with 180,000 ETH being exchanged out of exchanges within 24 hours. •  Abraxas Capital transferred more than 138,000 ETH from Kraken and Binance in the last few days, indicating institutionally driven buying. •  Ethereum’s Weighted Sentiment jumped to a record 5.2 in May 2024, with the Pectra upgrade activation. •  In spite of the price rally, US spot Ether ETFs saw net outflows, suggesting that the rally was not fueled by ETF flows or leverage. •  Ethereum needs to overcome the resistance levels of $2,500 and $2,850 for further bullish momentum, with the 100-week SMA reinforcing the levels. •  A weekly close below the price of $1,680 would rule out the bullish scenario, likely taking ETH to the $1,400 support level. Ethereum recently saw a major rally, with its price rising 21.8% in one day, the biggest jump since May 2021. The rally was mainly driven by intense buying interest from crypto-native investors who pulled huge quantities of ETH out of exchanges, indicating faith in the asset’s long-term worth. Furthermore, the activation of the Pectra upgrade on Ethereum’s mainnet also helped in driving sentiment positively as the upgrade sees enhanced staking efficiency and user experience. Institutional investment was also evident, with huge withdrawals on big exchanges such as Binance and Kraken, showing increased interest from both individual and institutional investors. ETHEREUM DAILY PRICE CHART CHART SOURCE: TradingView This price action is during a heightened optimism surrounding Ethereum as active addresses on the network continue to rise, further underscoring the uptick in user and investor activity. The positivity around Ethereum is further bolstered by its continuous developments, such as network updates and organizational shifts within the Ethereum Foundation. As the ecosystem matures, the recent price spike serves to illustrate the resilience and potential of Ethereum within the dynamic cryptocurrency landscape. TECHNICAL ANALYSIS Ethereum’s recent price surge is testing crucial resistance levels at $2,500 and $2,850, which are key for determining whether the current bullish momentum will continue. The price has already encountered a rejection near the $2,500 level, strengthened by the 100-week Simple Moving Average (SMA), but a breakthrough above these levels could signal further upward movement. The Relative Strength Index (RSI) is now testing its neutral level, and the Moving Average Convergence Divergence (MACD) is trading around its neutral line, indicating that ETH’s bullish momentum may increase if these indicators cross above their respective neutral levels. But a weekly close below $1,680 would nullify the bullish scenario, and the price might pull back towards the $1,400 support area. FORECAST Ethereum’s recent surge has set it up to potentially break above important resistance levels at $2,500 and $2,850. If these levels are broken, ETH may see a strong surge upward, furthering its recovery to higher price levels. Favorable momentum may be further enhanced by ongoing interest from spot market investors and the implementation of the Pectra upgrade, which increases scalability and staking efficiency. If technical indicators such as the RSI and MACD continue to strengthen, there is a likelihood of ETH breaking above these key levels, with the next potential target being $3,000 or higher, given the bullish sentiment in the market. Alternatively, Ethereum’s recent price action may be subjected to a pullback if it is unable to break above the $2,500 and $2,850 resistance levels. A rejection here would result in a short-term correction,

Crypto Ethereum

Ethereum’s Pectra Update: A Transformational Move for Wallets, Security, and Staking

The highly anticipated upgrade by Ethereum, named Pectra, is in preparation to come into effect during March 2025. Improved wallet experiences and security measures combined with increased limits for staking will be facilitated. The notable upgrades include such key Ethereum Improvement Proposals, or EIPs, such as EIP-7702, which enhances account abstraction and EIP-2537 for better usage of zero-knowledge cryptography. Meanwhile, Ethereum’s price hovers above $3,400, forming a bullish inverted Head-and-Shoulders pattern. If ETH breaks past the key $4,093 resistance level, it could rally toward $6,000. However, failure to sustain support near $2,817 may challenge this bullish outlook. Validators and investors eagerly await the upgrade’s potential to boost network health and attract new users. KEY LOOKOUTS • March 2025 will bring wallet improvements, enhanced security, and higher staking limits. These are supposed to boost the ecosystem of Ethereum. • The key resistance point is $4,093. ETH is about to break through above this point and rally to $6,000. • A bullish inverted Head-and-Shoulders pattern is forming on Ethereum, suggesting further upward momentum when key resistance points are broken. • EIPs that are EIP-7002 will raise maximum staking limits, though enhancing the health of the network and encouraging increased participation in validation and investment. Ethereum’s future Pectra hard fork, scheduled for March 2025, brings a slew of game-changing features, such as improved wallet functionality, greater security, and higher staking limits. It currently trades above $3,400, and with a resistance level at $4,093, the upside would be a rally to $6,000 if it breaks this level. Upgrades will focus on three main proposals such as EIP-7702, account abstraction, and EIP-2537 for enhanced cryptography, that may strengthen Ethereum scalability and user experience. Still, maintaining the current support level around $2,817 is significant in maintaining this bull trend. Interest among investors along with the bullish technical indications can lead to higher price action by Ethereum. Ethereum’s Pectra upgrade, scheduled for March 2025, will bring wallet improvements, enhanced security, and higher staking limits. ETH price might surge if it breaks the critical resistance level of $4,093. • Ethereum’s Pectra upgrade is scheduled for March 2025, which will feature wallet improvements, enhanced security, and higher staking limits to strengthen the ecosystem. • Account abstraction enables batch transactions, one-time gas fees, account recovery options, and sponsored transactions for a better user experience. • Enhanced zero-knowledge cryptography will enhance privacy, scalability, and security on the Ethereum network. • EIPs such as EIP-7002 will increase the maximum staking balance from 32 ETH to 2,048 ETH, improving network health and validator efficiency. • Ethereum is creating an inverted Head-and-Shoulders pattern, which may be a sign of bullish momentum if key resistance levels are broken. • ETH needs to break the $4,093 resistance for a potential rally to $6,000 while maintaining support at $2,817 to sustain the bullish momentum. • Ethereum ETFs experienced $166.6 million in net inflows, showing the growing confidence of investors with the upgrade coming. Ethereum is readying for its next major milestone with the Pectra upgrade, scheduled for March 2025. The much-awaited update brings with it some major upgrades, such as better wallet experiences, improved security features, and an increased staking limit from 32 ETH to 2,048 ETH. Key EIPs include account abstraction EIP-7702 and better zero-knowledge cryptography EIP-2537, which will enhance the scalability, privacy, and overall network efficiency. Testnet implementations of validators and developers on Sepolia and Holesky are optimistic as they advance smoothly, laying the ground for a transformative upgrade that may draw more users and investors to the Ethereum ecosystem. Ethereum Daily Price Chart Sources: TradeView, Prepared By ELLYANA Meanwhile, Ethereum’s price action is positive and follows this optimism as it trades higher than $3,400. It also gets into an inverted Head-and-Shoulders pattern, implying bullish movement. A breakout above the crucial resistance level of $4,093 could eventually push ETH to $6,000, bringing a fresh chapter in the growth of the currency. Support at the $2,817 level needs to be held on for a bullish outcome. With Ethereum ETFs reporting $166.6 million in net inflows and investor confidence on the rise, the Pectra upgrade is set to cement Ethereum’s position as one of the most dominant blockchain networks. TECHNICAL ANALYSIS Ethereum’s technical analysis has a bullish inverted Head-and-Shoulders pattern forming, indicating upward momentum if the key resistance levels are broken. Currently trading above $3,400, ETH is approaching a critical resistance near $4,093, which has remained strong for nearly ten months. A breakout above this resistance, supported by high trading volumes, could push ETH toward $6,000. However, maintaining support at $2,817 is essential to sustain the bullish narrative. Indicators like the Relative Strength Index (RSI) and Stochastic Oscillator remain above neutral levels, reflecting strong bullish momentum. With increased market activity and investor interest, Ethereum’s price action appears poised for a significant move. FORECAST The price trajectory of Ethereum seems to be a mixed bag of opportunities and risks for the coming months, as it is gearing up for the Pectra upgrade in March 2025. On the upside, ETH could see a rally toward $6,000 if it breaks through the critical resistance level at $4,093, a barrier that has persisted for ten months. The bulls are set to win a more considerable breakout here and might have it take on to challenge Ethereum to reach all-time high price $4,868. It will continue attracting new users and validators after an upcoming hardfork with promising upgraded security features and improved wallet experience as well as higher limits of staking. For that, ETH would hold above its support near the mark of $2,817 not to let it break a bullish setup. Failure to continue at this level would mean a deeper retracement, with possible support zones at or below $2,600. Notably, market turbulence continues to threaten the asset class in general; because of macroeconomic changes and renewed regulatory action impacting investor sentiment. Notably, prior to the Pectra upgrade, Ethereum’s price will be highly volatile within this range, under short-term technical direction by market news and tests of resistance or support.