Ethereum was trading above the $2,496 Fibonacci retracement level, but faces many challenges in its bid for a bullish long-term trend.
The 7-day RSI was at 46, showing that the weekly momentum was bearish but was on the verge of shifting bullishly.prices rose above the $2,500 mark but the downtrend of the past two months was still in play. The longer timeframes showed that $1,949 and $2,496 were the key levels to watch.pointed out in a post on X that a weekly close above $2,496 would be a positive for ETH bulls.
At the start of the year, ETH prices were at $2,250, meaning that the progress this year has been very slim, especially compared toThe netflow metric showed that the past 24 hours saw $439 million worth of Ethereum flow out of exchanges. The 7-day and 30-day changes were less extreme and revealed the oscillating nature of netflows.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Strain on Calgary’s water system similar to revving car’s engine for too long: officialCalgarians used 496 million litres of water on Saturday, and was above 500 million litres in the days before that.
Read more »
Calgary water consumption dips under 500 million litres SaturdayCalgary water consumption ddropped Saturday to 496 million litres, a dip of nine million litres from Friday’s 505 million.
Read more »
Ethereum’s 3% bluff: Will ETH remain above $2.5K or fall to $2.3K?ETH has experienced a notable price surge. However, the chances of it sustaining the surge seems unlikely. Explore why.
Read more »
$35M in Ethereum moved to exchanges: Beginning of a market shift?Amber Group and Cumberland deposited a total of over 12000 ETH to exchanges as whales increased their holdings.
Read more »
Ethereum supply shift: 52% ETH now held by large investorsEthereum whales have significantly increased their holdings, now controlling over 43% of the total supply.
Read more »
Ethereum price stalls despite positive ETF shiftSpot Ethereum ETFs recorded positive flows for the first time since August as exchange outflows increased easing short-term selling pressure.
Read more »