Fear and Greed Index logged 38 at press time, reflecting neutral sentiment in the market from the extreme fear sentiment a week ago.
This sentiment indicates that Ethereum might soon test and possibly break the $2.8K resistance level, highlighting positive momentum for Ethereum and the broader cryptocurrency market.Ethereum recently broke through the $2.8K support level, which has now become a critical support point as the market recovers from this week’s crash.
The brief dip below $2.8K could be seen as a false breakout, indicating a possible reversal as the price quickly moved back above this level.Ethereum’s price closely follows Bitcoin with a correlation of 0.85, and 74% of holders have kept their assets for over a year.
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:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum, Bitcoin ETFs face sudden outflows; Is a market shift in play now?Despite the bearish market conditions, Bitcoin [BTC] ETFs witnessed promising inflows a few days ago. However, the trend changed over the...
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin, Ethereum ETFs see record volumes amid market recoveryBTC ETFs trading volume hit $5.7 billion. BTC and ETH recovers from market downturn as Blackrock and Nasdaq file for rule change with SEC.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Crypto market plunges despite Ethereum ETF launch, Bitcoin falls to $65,500The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »
BlockDAG poised to reach $10 by 2025 despite market fluctuations with Bitcoin & EthereumExplore the premier cryptocurrency investments for 2024 featuring BlockDAG's profitable miners, Bitcoin's investment potential...
Source: CryptoAmb - 🏆 22. / 68 Read more »
Ethereum ETF anticipation spurs market buzz, ETH climbs to $3,499ETH ETF is likely to draw significant investor interest, potentially channeling more capital into the broader altcoin market.
Source: CryptoAmb - 🏆 22. / 68 Read more »
Bitcoin, Ethereum lead the way as crypto market sees $1.44B surgeCrypto Markets See $1.44 Billion Surge Led by BTC and Eth. BTC spot ETFs and anticipated ETHs spot ETFs capture investor's attention.
Source: CryptoAmb - 🏆 22. / 68 Read more »