Ethereum Struggles at $4,000: Market Sentiment and Technical Analysis Point to Uncertain Future
Ethereum faces significant hurdles as it fails to breach the $4,000 resistance level for the third time in March 2024, dropping 6.7% to $3,400. Multiple factors including ETF outflows, supply concerns, and technical indicators paint a complex picture for ETH's near-term trajectory.
Massive $800M Crypto Liquidation Wave Hits as Bitcoin Touches $96K
Over $846 million in crypto trading positions were liquidated within 24 hours, affecting 243,000 traders amid significant market volatility. The largest single liquidation was a $15.8M ETHUSDT position on Binance, while Bitcoin climbed to $96,811 despite the turmoil.
Ethereum's Mass Exodus: 7.8M ETH Leaves Binance as Market Dynamics Shift
A significant withdrawal of 7.8 million ETH from Binance over two months mirrors patterns from the 2021 bull market, suggesting changing investor behavior. Despite these seemingly bullish indicators and growing institutional interest, Ethereum's price remains subdued below $4,000 while Bitcoin reaches new highs.
Ethereum's $4,000 Resistance Battle: Technical Analysis Points to Potential Pullback
Ethereum faces persistent rejection at the $4,000 psychological barrier, forming a concerning double-top pattern that suggests bearish momentum. Analysis of Binance's liquidation data and technical indicators points to possible retraction toward $3,500 support levels.
Ethereum ETFs Surge: BlackRock's ETHA Leads $145M Daily Inflow
Institutional investors demonstrate growing confidence in Ethereum with spot ETFs recording $145 million net inflow on December 17, led by BlackRock's ETHA with $135 million. The combined ETF net asset value reaches $14.04 billion, representing 3% of Ethereum's market cap.
Justin Sun's Strategic $209M Ethereum Withdrawal from Lido Finance Yields $349M Profit
Crypto entrepreneur Justin Sun requests withdrawal of 52,905 ETH from Lido Finance, following successful accumulation strategy that netted $349M in profits. The move marks another significant market influence from Sun, whose previous large-scale withdrawals have historically impacted ETH prices.
Ethereum Surges Towards $4,000 as Network Activity Hits 8-Month Peak
Ethereum's network is experiencing unprecedented growth with daily wallet creation reaching 130,200 addresses, marking an 8-month high. The surge coincides with massive ETF inflows totaling over $3.8 billion and increased institutional activity, suggesting strong momentum as ETH approaches the $4,000 milestone.
Ethereum Gas Fees Surge to 9-Month High as Institutional Interest Soars
Ethereum network fees hit their highest point in nine months, driven by surging DeFi activity and strong institutional demand through ETFs. With daily wallet creation peaking at 130,200 and BlackRock's ETF attracting $3 billion in inflows, the network faces scaling challenges amid growing mainstream adoption.
Ethereum Supply Crunch and ETF Momentum Signal Potential $5,000 Breakout
Ethereum's circulating supply hits historic lows with 20% of tokens locked in staking, while major institutions file for ETF applications. This supply squeeze combined with anticipated ETF approvals in 2024 creates compelling conditions for a potential surge to $5,000.
Shiba Inu Surges: Analyst Predicts 180% Rally as Memecoin Market Heats Up
Shiba Inu (SHIB) shows strong momentum with an 8.5% rally and $1.5B trading volume, outperforming major cryptocurrencies. Technical analysis suggests potential upside to $0.81 as Shibarium network metrics demonstrate substantial growth and adoption.