Ethereum is demonstrating a liquidity trap price pattern reminiscent of the setup observed in July, potentially signalling another imminent upward breakout as market positions are realigned. The recurring pattern involves an initial false breakout followed by a sharp reversal, effectively… Read More »Ethereum Exhibits Liquidity Trap Pattern, Signals Potential Breakout Similar to July Surge
Former BitMEX CEO Arthur Hayes sold significant holdings of Ethereum (ETH) and the Ethena (ENA) token, contributing to increased volatility across cryptocurrency markets. On-chain analytics tracked the disposal of 2,373 ETH alongside 7.7 million ENA tokens over a concentrated six-hour… Read More »Arthur Hayes’ Large ETH and ENA Token Sales Contribute to Market Volatility
Ethereum network activity has surged prominently, with daily active addresses reaching a one-year peak of 841,100. This notable increase reflects heightened user participation and growing engagement across decentralized finance (DeFi) applications. Despite the uptick in network usage, Ethereum’s native cryptocurrency,… Read More »Ethereum Daily Active Addresses Hit One-Year High as ETH Price Dips Below $3,500
A significant leveraged short position on Ethereum (ETH) faces potential liquidation as the cryptocurrency’s price approaches critical levels. ETH recently peaked at $2,880, moving closer to the liquidation threshold for a substantial bearish bet. The position, holding 40,000 ETH, carries… Read More »$111 Million Ethereum Short Position Nears Liquidation as ETH Price Surges