Author: Sollcrypto

Ethereum price failed to climb above the $3,520 zone and corrected its gains, now showing bearish signs below the $3,400 support zone. Ethereum began a downward correction after failing to surpass the $3,520 zone.The price is trading below $3,400 and the 100-hour Simple Moving Average.A key bearish trend line is forming with resistance near $3,410 on the hourly chart of ETH/USD (data feed via Kraken).The pair now risks further downsides below the $3,350 support zone. Ethereum Price Dips Again Ethereum’s price couldn’t sustain above the $3,520 and $3,550 resistance levels, forming a top near $3,520 before starting a fresh decline…

Ethereum is currently trading at $3,477, up 2.75% in the last 24 hours and 4.87% over the past week. The largest altcoin’s daily trading volume has surged by 51.96% in the past 24 hours. The crypto market is experiencing a slight recovery from its bearish momentum. Amid these market fluctuations, an Ethereum whale transferred 7,000 ETH, valued at $24.28 million, to the crypto exchange Kraken after 209 days of inactivity. This whale had participated in the Ethereum Initial Coin Offering (ICO) in 2015 and still holds 40,000 ETH, worth $139.5 million, even after the transfer. According to Arkham Intelligence data,…

In a technical analysis, noted crypto analyst Big Mike (@Michael_EWpro) has shared a bullish forecast for Dogecoin (DOGE), suggesting that the meme coin could exceed the $1 mark in this bull cycle. This Dogecoin price prediction is based on the Elliott Wave theory and is supported by a robust set of technical indicators highlighting the coin’s strong upward potential. Dogecoin Could Exceed $1 By 2025 The weekly chart (DOGE/USDT) illustrates Dogecoin’s past market performance, where it completed a 5-wave Elliott Wave pattern during the previous major bull run, pushing the price to just above $0.70. Following this surge, the market…

HashKey Global, a leading entity in the cryptocurrency space, has expanded its offerings to enhance user interaction across various blockchain networks. The latest development involves integrating Ethereum (ETH) and Tether (USDT) with the Arbitrum network, significantly improving transaction flexibility and efficiency for its users. Broadening Horizons with Cross-Chain Network Transactions In a strategic move to meet the evolving demands of the digital asset community, HashKey Global has successfully integrated Ethereum and Tether onto the Arbitrum network. This integration enables users to seamlessly conduct transactions across these major networks, marking a milestone in connectivity and functionality. Arbitrum, renowned for its optimized…

The cryptocurrency markets are experiencing a downturn today amid relatively low trading volumes. Bitcoin is edging closer to $60K, while most altcoins are gradually losing value. As a result, the total market capitalization has decreased to $2.37 trillion. Bitcoin Price Slips Toward $60K Bitcoin’s price has decreased by 1.3% over the past 24 hours, accumulating total losses of about 6% for the week. As of now, the leading cryptocurrency is edging toward $60K amid relatively low trading volumes across the market. In the past 24 hours, there have been $100 million worth of liquidations, with BTC leading the way at…

Spot Bitcoin ETFs Experience One Week of Outflows: What Happened Last Time? Spot Bitcoin ETFs have entered a troubling trend, recording outflows for an entire week straight. These outflows have coincided with the decline in Bitcoin’s price, suggesting that institutional sell-offs and miner sell-offs might be driving the trend. With seven consecutive days of outflows now completed, this report examines what happened the last time outflows were this high. Spot Bitcoin ETFs Lose Money for 7 Straight Days According to data from Coinglass, Spot Bitcoin ETFs have now marked their seventh consecutive day of outflows. These outflows have averaged around…

Ethereum Price Faces Recovery Hurdles: Examining the Roadblocks Ahead Ethereum’s price began a recovery wave from the $3,230 zone, climbing above $3,350 but encountering strong resistance at $3,420. Detailed Analysis Ethereum’s price extended losses, trading below the $3,350 zone and testing the $3,240 support zone before starting a recovery wave, similar to Bitcoin. The price saw a decent increase above the $3,300 and $3,320 levels, with bulls pushing it above $3,350. It even spiked above the 61.8% Fibonacci retracement level of the downward move from the $3,518 swing high to the $3,230 low. However, strong resistance is evident near the…

Solana Price Holds Firm Above $122; Could Canadian ETF Launch Spark a Bullish Reversal? The Solana price held firmly above the $122 level over the weekend after bears threatened to stage a breakdown when the crypto market wobbled on June 18. On-chain data analysis explores how investors positioning for the impending SOL ETF launch in Canada could spark a bullish trend reversal in the coming week. Solana ETF Approval in Canada Sparks Bullish Reversal Solana ETF Approval in Canada Spurs Bullish Reversal Over the past month, Solana’s price took a major hit as investors flocked to Ethereum markets in search…

Bitcoin miners are experiencing increased investor interest following Core Scientific’s AI deal with CoreWeave, according to a JPMorgan report. Iris Energy is well-positioned to capitalize on the growing HPC/AI opportunity. Investors are recognizing the alternative uses for mining facilities and the value of power access. The bitcoin (BTC) mining sector has seen a surge in investor interest following Core Scientific’s (CORZ) deal with artificial intelligence (AI) company CoreWeave, JPMorgan (JPM) stated in a research report on Monday. The report highlights that the total market cap of the 14 miners JPMorgan tracks has grown by 22%, or $4 billion, since the…

Bitcoin remains technically bullish if it holds above previous lows around $60,000. However, a drop below $56,000 could signal the end of the bull market. Savvy investors, including MicroStrategy, continue to buy Bitcoin, and financial advisors are looking to increase their clients’ crypto exposure. Bollinger Bands indicate critical support levels, suggesting potential massive volatile moves. Sideways consolidation does not necessarily signify the end of the bull market. Bitcoin’s price has kept investors on edge, with no clear confirmation of a bull or bear market. Last week, price action remained relatively calm, showing low volatility and a slight bullish relief. As…