Ethereum (ETH) price could be poised for a further correction in the short-term as the altcoin’s supply on exchanges, an indicator that provides clues over the selling pressure on an asset, has hit a one-year peak on Monday, according to on-chain data.
Ethereum price crumbles as Ether supply on exchanges climbs to one-year high Ethereum price could be poised for a further correction in the short-term as the altcoin’s supply on exchanges, an indicator that provides clues over the selling pressure on an asset, has hit a one-year peak on Monday, according to on-chain data. Despite trading in a narrow range recently, the value of the second-largest cryptocurrency remains nearly 16% below its March 12 peak of $4,093.92.
While these ETFs have boosted the crypto market ahead of the upcoming bitcoin halving, a new report from Glassnode suggests that traders must adjust their strategies and exercise caution because the usual pattern during halving events, based on price rallies afterwards, may not hold this time. The crypto market comes to life The crypto market cap rose 4.5% over 24 hours to $2.56 trillion, roughly where it was a week ago, with an active rally over the last three days. Bitcoin is up 4.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Cryptocurrencies Price Prediction: Bitcoin, Ethereum & CryptosBitcoin price gains momentum after LSE plans to open applications for BTC and ETH ETNs in Q2 2024 Bitcoin (BTC) price continues to gain strength, foraying north as markets continue to count new peaks.
Lire la suite »
Cryptocurrencies Price Prediction: Ripple, Shiba Inu & EthereumXRP price corrected after hitting its year-to-date peak of $0.7440.
Lire la suite »
Cryptocurrencies Price Prediction: Ripple, Bitcoin & Ethereum — Asian Wrap 21 MarchBitcoin’s weekly sell signal, as mentioned in the previous publication, seems to have played out without providing a dip into a key range.
Lire la suite »
Cryptocurrencies Price Prediction: XRP, Solana & Crypto – European Wrap 21 MarchXRP price broadly consolidates above $0.60 on Thursday as The Securities and Exchange Commission (SEC) is poised to file its remedies-related opening brief on Friday.
Lire la suite »
Cryptocurrencies Price Prediction: Polymesh, Terra & CryptosThe Terra blockchain shared an official update on the status of its blockchain.
Lire la suite »
Cryptocurrencies Price Prediction: Ripple, Chainlink & BitcoinXRP price trades above the key $0.60 psychological level on Friday, holding on its recent gains as the Securities and Exchange Commission (SEC) is expected to file its remedies-related opening brief in the Ripple lawsuit.
Lire la suite »