Crypto analyst Ali Martinez predicts that Ethereum may face a significant price correction, dropping to $1,000 due to weak network fundamentals and a bearish trend.
Bitcoin and Ether both rose over 3% as the crypto market recovered from its losses last week, while alternative cryptocurrencies also saw gains; however, experts remain divided on the future of prices, with some predicting continued downtrend and others expecting a rebound.
Analyst Nicholas Mertens warns that both Bitcoin and Ethereum are likely to face significant challenges and potential price declines, with Ethereum at risk of breaking support and dropping below $1,000 due to a lack of buyers.
Ethereum's support range of $1,600 - $1,550 is crucial to prevent a potential correction of 37% to 45%, with co-founder Vitalik Buterin moving 600 ETH to Coinbase possibly signaling an anticipated dip to $1,000.
Crypto analyst Benjamin Cowen believes that Ethereum (ETH) needs to drop further before it can reach new all-time highs, as it must first align with its fair-value logarithmic regression trendline, creating an attractive accumulation range between $400 and $600.
Large ether (ETH) investors took advantage of lower prices following a market tumble to accumulate $94 million worth of ETH, while large bitcoin investors added $309 million worth of BTC to their wallets.
Ethereum's price has surpassed Bitcoin's in the second half of 2023, as investor sentiment towards Ethereum has improved and Bitcoin dominance has declined, indicating a shift towards altcoins; Ethereum's oversold status and resilient consolidation above $1,500 suggest a potential bullish reversal in the coming days, but a drop below $1,500 is possible if bears gain control.
The Ethereum price is currently in a consolidation phase between $1700 and $1577, but a breakout above $1700 could trigger a significant pullback in the downtrend, potentially pushing the price up by 8%. However, if the support level at $1577 is broken, the price could fall by 8.5% to $1450.
Bitcoin pulled back from its all-time high above $28,000 as investors analyzed the implications of Grayscale's court victory against the SEC, with the cryptocurrency dropping 2% to $27,240, while Ether decreased 1.7% to just above $1,700, leading to a decline in the broader crypto market.
Bitcoin's value dropped 4.91% to $25,957, losing $1,341, while the price of Ether, a coin linked to the ethereum blockchain network, also declined.
Bitcoin price action remains uncertain as traders and analysts are divided on its next moves, with downside predictions ranging from $25,000 to $23,000 and concerns of a potential double top structure if the $26,000 level is not reclaimed, while network fundamentals consolidate recent gains and macro markets stay quiet.
Bitcoin remains in a tight range between $25,800 and $26,000 after a recent price spike, as the SEC's delay in key ETF decisions dampens hopes of a long-term recovery in the market.
Ether (ETH) is expected to outperform bitcoin (BTC) in the short term due to the likely approval of a futures-based ETF, creating buying pressure and potentially boosting ether's price, according to crypto market analytics firm K33 Research.
Ether's price has been supported by the Federal Reserve's injection of $300 billion, but doubts are growing about its ability to sustain this level due to bearish sentiment in the cryptocurrency market and declining metrics on the Ethereum network, including a decrease in the number of ETH investors and a decline in activity on decentralized applications. Competitors such as Solana are also benefiting from stablecoin volumes, and there is an increased likelihood of Ether's price dropping below the $1,600 support level.
Bitcoin (BTC) has remained stagnant below $26,000, with investors waiting for further developments in the cryptocurrency market and the wider economy, while Ether (ETH) is expected to outperform BTC in September and October due to the potential approval of the first ether ETF in mid-October. Additionally, SOMA Finance plans to sell tokens that represent a financial interest, addressing the criticism that crypto tokens lack equity or debt claims. Binance continues to dominate the crypto market as the leading exchange.
The price of bitcoin briefly rose above $25,900 after the FASB approved favorable accounting treatment for companies holding crypto on their balance sheets and ARK Invest submitted paperwork for a spot ether ETF, but quickly returned to its previous level.
Fidelity Digital Assets reports that Ethereum is currently trading at a discount, with its projected value to be around $2,090, approximately 28% above the current price, based on network activity and annualized network fees.
Bitcoin is on the brink of a bearish breakdown, but there is a possibility that the $25,000 support level could hold, presenting a short-term buying opportunity for investors. The price action of the US dollar and on-chain data suggest that buyers could return soon, making the current situation potentially profitable for opening Bitcoin longs.
Bitcoin's price rebounded to around $26,000 as short traders abandoned their bearish bets, but a lack of bullish catalysts may limit the recovery, with a potential altcoin crash looming as bankrupt exchange FTX plans to sell around $3.4 billion worth of tokens.
Analyst Bluntz predicts that Ethereum (ETH) will continue its bearish price action and potentially drop to $1,440 before rallying, while other trader Benjamin Cowen believes the digital asset could experience a massive freefall, potentially reaching lows below $800.
Cryptocurrency prices remained stable as inflation in the U.S. surpassed economists' expectations, with Bitcoin trading at around $26,100 and Ethereum experiencing a slight dip of 0.5%. The Federal Reserve will consider this report, among other factors, for its upcoming interest rate announcement on September 20. While inflation has decreased since June, it still exceeds the Fed's target of 2% annually. Core inflation, excluding volatile food and energy costs, decreased to 4.3% in August compared to July's 4.7%.
Bitcoin and major tokens experienced slight gains following concerns over the FTX court case ruling, with BTC rising 1.5% and Ether nearing $1,700; however, bearish sentiment remains among professional traders.
Ether is trading at a 27% discount to its fair value due to traditional models that focus exclusively on the active user adoption of the Ethereum layer 1 and ignore the increasing activity on layer 2 scaling networks.
Bitcoin (BTC) surpasses $27,000, while ether (ETH) holds support levels, but interest-rate decisions this week may bring downward pressure; overall market capitalization grows just 0.4% in the past 24 hours.
Ether (ETH) has experienced a modest increase in price in 2023, but it is still trading significantly below its peak in November 2021, raising questions among investors about the reasons behind the decline and potential catalysts for a reversal. The ongoing legal battle between Ripple and the SEC, as well as regulatory uncertainties surrounding the Ethereum ICO, remain sources of concern. However, positive surprises such as the request for a spot Ether ETF and Ethereum's position to benefit from Bitcoin-related catalysts give hope to investors.
Ether (ETH) has dropped 2% this week, with prices expected to remain steady due to hedging activity of options market makers, who will buy low and sell high in the spot market to limit price volatility.
Ether (ETH) has shifted from being deflationary to inflationary due to decreasing network activity on Ethereum, which could negatively impact the token's price, according to analysts. The decline in network fees and the adoption of layer 2 networks have contributed to the increase in ETH supply, reversing its previous deflationary trend. This has raised concerns among crypto observers who predict bearish developments for ETH, including a potential drop to as low as $1,000.
Bitcoin and Ether fell below key price levels as cryptocurrency markets retreated following the US Federal Reserve's hawkish stance on interest rates, with more downward movement expected for Bitcoin as it fails to break its 50-day moving average, while Ether's failure to rally above the $1,650 support level could have significant implications for altcoin sentiment.
Ethereum is predicted to experience a surge in prices by the end of the year, with the leading smart contract protocol potentially reaching as high as $2,000, according to crypto strategist Inmortal, who also believes Bitcoin will rally back to its resistance at $27,300. Additionally, Inmortal is keeping a close watch on Radix (XRD) as it gears up for its mainnet launch of the Babylon upgrade.
Ether (ETH) is showing positive prospects as a technical analysis indicator suggests a bullish signal, with a counter-trend buy signal indicating support at $1,580 will hold, despite other studies favoring a deeper price slide.
Bitcoin's recent price stability around the 0.236 Fib line suggests a potential crash to $21,500, similar to the 2018 price correction, while a strong US dollar and mixed on-chain metrics add to downside risks; analysts are divided on BTC's future direction.
Bitcoin prices remained steady above $27,000 as investors anticipated increased demand from a potential ether futures exchange-traded fund (ETF), despite analysts warning of selling pressure due to all-time highs in certain oil markets.
Bitcoin's price remains strong at around $27,000 amid attempts to flip it into a support level, with hopes for a bullish monthly close.
Bitcoin's price has increased by 60% since the beginning of the year, reaching $26,972, while Ethereum's price has risen by 40% and now trades at $1,672; the approval of VanEck's Ethereum Futures ETF likely contributed to the recent boost in Ethereum's price.
Bitcoin's price has fallen in the third quarter of 2023, but a positive monthly close in September suggests a potential recovery, and altcoins are also showing signs of strength, with Bitcoin's relief rally potentially reaching $28,000.
Bitcoin surged over 4.5% to reach its highest level in more than a month, while Ether crossed over $1,700 as crypto prices rallied on Monday, with the catalyst for this sudden move not immediately clear but potentially linked to the launch of several ether futures ETFs, indicating a positive sign for the crypto industry.
Bitcoin's price dropped 4.5% after failing to break resistance at $28,500 due to disappointing performance of Ether (ETH) futures ETFs and concerns about an upcoming economic downturn, while the traditional finance industry's impact on investor confidence is discussed.
Bitcoin price has the potential to reach $30,000 if it surpasses the $28,200 resistance level, while Ethereum price may continue to decrease with a pending sell signal, and Ripple price could break the $0.5604 barrier in its next upward move.
Bitcoin's price experienced volatility and dropped 2.1% after strong US employment data dampened expectations of further Federal Reserve counterinflation measures, but rebounded with $27,700 back in focus; Bitcoin open interest also declined.
Bitcoin price could potentially increase by 5% to reach the supply zone at $29,000 if it successfully breaks through the $28,096 resistance level, while Ethereum price is aiming for the $1,674 resistance level with a pending buy signal. Additionally, Ripple price is expected to climb to $0.5604 as long as it holds above an ascending trendline.
The price of Ethereum's native token, Ether (ETH), has struggled to surpass $2,000 due to factors such as a bear cycle fractal, a stronger U.S. dollar, underperformance compared to Bitcoin, a decline in Ethereum network activity, and a drop in NFT volumes and unique active wallets.
Ether prices slipped after a wallet reportedly belonging to the Ethereum Foundation sold over 1,700 ETH for $2.7 million, leading to a slide in major tokens as traders reacted to the move.
The ongoing Hamas-Israel conflict and a significant ether (ETH) sale by the Ethereum Foundation led to a 2% slide in the crypto markets, with over $100 million in futures positions evaporating, although bitcoin remained relatively stable.
The price of ether (ETH) is predicted to potentially reach $8,000 by the end of 2026 due to increased demand from gaming, tokenization, NFTs, and DeFi, according to a report from Standard Chartered Bank.
Improving efficiency and increased demand for Ethereum will lead to a potential rise in the price of ether to $8,000 by the end of 2026, according to Standard Chartered analyst Geoff Kendrick, with a long-term valuation of $26,000-$35,000. The forecast is based on expected improvements to the Ethereum blockchain, the growth of NFT transactions, the development of blockchain gaming, real-world asset tokenization, and positive regulatory developments.
Cryptocurrency prices, including Ether (ETH), have fallen for the fourth day in a row due to a slightly higher-than-expected inflation report, with ETH reaching its lowest price since March; meanwhile, Bitcoin (BTC) remains relatively stable, potentially benefiting from its perceived safety during uncertain times.
Ether (ETH) price has declined to a seven-month low, indicating waning investor confidence and interest in Ethereum, possibly due to regulatory uncertainties, lower staking yields, and decreased demand for leveraged positions.
