A significant reduction in Ethereum supply, particularly on major exchanges like Binance, is emerging as a potential bullish signal for its price. Data indicates Binance Ethereum reserves fell by approximately 496,984 ETH in a single month, contributing to a near… Read More »Ethereum Supply Decline and Technical Breach Signal Potential Price Rally
Ethereum’s ongoing price rally shows potential to extend to approximately $4,900, supported by key market indicators. The Relative Unrealized Profit (RUP) metric remains below its +1 standard deviation level, signaling room for continued appreciation as traders maintain positions with modest… Read More »Ethereum Rally Could Extend to $4,900 as Market Metrics and Institutional Buys Signal Strength
Ethereum’s technical charts show a golden cross formation, with the 50-day moving average crossing above the 200-day moving average, historically signaling potential for a sustained rally. While this pattern suggests bullish momentum, market analysts emphasize its track record isn’t infallible… Read More »Ethereum Golden Cross Hints at Bullish Momentum Amid Cautious Derivatives Sentiment