The Currency analytics
By Sakamoto Nashi
Ethereum dropped hard. The second-largest cryptocurrency by market cap fell to $1,800, creating what many traders see as a make-or-break moment for the digital asset's near-term…
The sell-off pushed Ethereum into a consolidation phase that's got market watchers on edge. Daily chart analysis shows the cryptocurrency stuck inside a descending channel, with…
Breaking above the midline opens the door to $2,300-$2,500.
A push higher could target that range pretty quickly, but falling below $1,800 might trigger another leg down.
But Ethereum remains trapped in correction mode within the bigger downtrend until it reclaims $2,396.
If Ethereum clears the triangle and takes back $2,396, the next target sits at $2,549. Beyond that, the $2,658-$2,767 zone comes into play - an area that aligns with major…
Market sentiment data from the Taker Buy/Sell Ratio shows selling dominated for weeks. Recent readings suggest that selling pressure might be letting up, though.
The $2,000 psychological level remains a major sticking point. As of February 19, Ethereum struggled to hold gains above that round number, keeping many investors cautious about…
Binance reported a surge in Ethereum futures trading volume over the past week. The exchange's data shows significant open interest building up, indicating market participants…
Glassnode analysts noted that Ethereum's on-chain metrics remain stable despite recent market turbulence.
Options market data from Deribit reveals growing interest in call options with strikes above $2,500 expiring in March.
JP Morgan highlighted on February 18 how rising interest rates could influence crypto investor behavior.
Coinbase announced increased Ethereum transactions on February 19. The exchange saw a notable uptick in buy orders, suggesting some investors are positioning for an upward price…
Kraken released analysis emphasizing upcoming network upgrades and their impact on trader expectations.
Chainalysis observed major ETH outflows from exchanges on February 18. Over 100,000 ETH left major trading platforms in a single day - behavior that often indicates long-term…