Ethereum Price Faces Pressure as $2 Billion ETH Floods Exchanges
Ethereum, the world’s second-largest cryptocurrency, is struggling to hold its ground after failing to breach the $5,000 mark earlier this month. With increasing profit-taking and over $2 billion worth of ETH sent to exchanges in just one week, market signals point towards growing downside pressure. Analysts warn that unless fresh
Ethereum Nears $5K: Pullback Sets Stage for Next Rally
Ethereum (ETH) has once again captured the spotlight in the cryptocurrency market after smashing through its previous all-time high. The second-largest cryptocurrency touched $4,953 on Sunday, 23 August its highest level since 2021, before retreating slightly. While the quick reversal back below $4,700 might appear concerning at first, many analysts
Ethereum Hits 12-Day High as Exchange Supply Reaches Record Low
Ethereum surged to a 12-day high of $2,832 before settling around $2,720, marking a 2% daily increase. This price movement comes despite the broader crypto market experiencing a 2.4% decline. The rise follows months of underperformance, with ETH struggling to keep pace with other major cryptocurrencies. Blockchain analytics firm Santiment
