Ethereum [ETH] is poised for a significant breakout as traders spot a triple bottom pattern forming in 2024, reminiscent of its 2021 rally
is poised for a significant breakout as traders spotted a triple bottom pattern forming in 2024, reminiscent of its 2021 rally.
The Bollinger Bands indicated that ETH was trading in a tight range, with potential volatility on the horizon. Exchange inflows have increased by 0.82% in 24 hours, reaching 349.05K ETH at press time, signaling some selling pressure as traders move coins onto exchanges.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethereum struggles amid ETH ETF outflows and rising supplyWeak demand for spot Ethereum ETFs and falling network usage has weighed down on ETH price amid rising supply.
Read more »
Ethereum gas fees drop to five-year low: Is this good news for ETH?Ethereum's gas fees plummet to five-year lows, raising concerns about increased ETH supply and potential pressure on its value.
Read more »
Grayscale’s ETH ETF struggles with outflows, dragging Ethereum’s priceEthereum ETFs faced $6.5M outflow as of 20th August, with Grayscale’s ETHE leading the decline. Will this impact ETH?
Read more »
More Ethereum users turn to private transactions: Effect on ETH?ETH users turn to private transactions over frontrunning. Private transactions comprise 30% of total but consume 50% of gas used on Ethereum.
Read more »
Ethereum’s bull vs bear case: What’s next for ETH price?ETH continue to elicit mixed reactions from crypto community with strong bull and bear cases. Which direction will ETH price take?
Read more »
Ethereum mirrors 2016 trend as price stalls: Are more ETH losses likely?Ethereum could see a little respite in September followed by possible losses in Q4 2024, according to analyst.
Read more »