With network growth and active address metrics surging well above typical ranges, Wrapped Ethereum recently reported one of the most aggressive on-chain activity spikes of the year.
While Ethereum (ETH) retests a key level for the first time this month, some market watchers have advised caution, warning that the start of a new bull run may not be here yet. Related Reading: XRP Leads Crypto Funds $224M Rebound With Largest Weekly Inflows Since December No Ethereum Party Until This happens After jumping nearly 10%, Ethereum is attempting to reclaim a crucial area that has served as a major resistance zone since the early February crash.
Ethereum has secured a position above the $2,200 mark after penetrating a significant resistance barrier. Derivatives market indicators point to increasing bullish sentiment, though market watchers remain cautious about declaring a sustained trend reversal.
Ethereum and Bitcoin are going off in interesting directions right now.
Ethereum trades at $2,185 with RSI at neutral 56.11 and bearish MACD momentum. Technical analysis suggests ETH price prediction targets $2,400 within 4 weeks if resistance breaks.
Tehran says three clauses of the ceasefire have been breached, oil is rebounding toward $97, and the Strait of Hormuz remains effectively closed despite the deal.
Ethereum price extended gains above $2,265 before it started a downside correction. ETH is now correcting gains and might find bids near the $2,120 zone.
Ethereum is beginning to show signs of life after a prolonged bearish stretch, but analysts caution that a confirmed bullish reversal is far from guaranteed. Over the past 24 hours, ETH price action has gravitated toward the $2,300$2,400 range, a critical resistance zone that has repeatedly rejected upward momentum in recent months.
Ripple mints 9.9 million RLUSD tokens on Ethereum, following a series of burns to manage supply and demand for the stablecoin.
Ethereum Foundation plans to sell 5,000 ETH, about $11.2M, via CoWSwap TWAP to reduce slippage, market impact, and front-running risks.
Will Sharplink's staking reward approach prove to be better than BitMine's hoarding strategy?
Ethereum breaks key resistance as ETH futures inflows, open interest, and net longs rise, though analysts still warn of lower lows.