Mixed Market Sentiment as ETH Shows Resilience Amidst Bearish Signals

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 19 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 28%
  • Publisher: 68%

Cryptocurrency News

ETH,Bullish Momentum,Bearish Signals

Market sentiment remained divided, with the cryptocurrency showing resilience and posting a daily gain of 1.38%, contributing to a weekly increase of 9.85%. However, caution persisted with subtle bearish signals, including a large ETH transaction to Kraken exchange.

Market sentiment remained divided, with conflicting signals from key indicators.has demonstrated resilience, posting a daily gain of 1.38%.

Yet, despite these gains, caution persisted. Subtle bearish signals remained in play, with the potential to drive ETH lower if broader market conditions deteriorate., a whale wallet associated with ETH Devcon recently moved 5,597 ETH—worth $19.45 million—into the cryptocurrency exchange Kraken.The transaction came shortly after ETH briefly reclaimed the $3,500 level.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Speculative traders dominate Ethereum market – Bullish or bearish for ETH?Speculative activity around Ethereum is at record highs, increasing the likelihood of future price volatility if ETH makes unexpected moves.
Source: CryptoAmb - 🏆 22. / 68 Read more »

What record inflows into BTC, ETH ETFs suggests about the marketBitcoin ETFs hit a new record in terms of netflows and Ethereum was also not left behind as its netflow also surged
Source: CryptoAmb - 🏆 22. / 68 Read more »

Kaspa’s market sentiment turns positive: KAS price recovery ahead?Kaspa has declined by 28.20% in 30 days. After reaching oversold, KAS has surged by 11.19% in 48 hours and 2.87% in the past day
Source: CryptoAmb - 🏆 22. / 68 Read more »

XRP’s short-term price targets – How far can market sentiment take it?XRP’s market sentiment, at press time, projected a strong bullish outlook, with crowd sentiment scoring a positive 1.77 and smart money...
Source: CryptoAmb - 🏆 22. / 68 Read more »

Oil little changed as market weighs mixed driversBrent crude futures for January were up 22 cents to $73.53 a barrel at 1026 GMT, while U.S. West Texas Intermediate crude futures for December rose 31 cents to $69.70
Source: globeandmail - 🏆 5. / 92 Read more »

Stock market today: Wall Street churns as profit reports come in mixedNEW YORK (AP) — A mixed set of profit reports from giants like Google’s parent company and Eli Lilly has stock indexes churning in place on Wall Street. The S&P 500 was down 0.
Source: SooToday - 🏆 8. / 85 Read more »