By Olivia Stephanie TL;DR ETH forms a bullish engulfing candle near $4,200, signaling renewed demand and trend continuation. Open interest hits record $28B, with traders heavily positioned for Ethereum’s next major move. Whales and the U.S. government accumulate ETH during dips, reducing supply and strengthening the market outlook. Bullish Candle Formation Signals Renewed Demand Ethereum […]
Tag: ETH
By Jordan Lyanchev During today’s highly anticipated speech from Jackson Hole, the current Fed Chair warned that Trump’s tariff policy has already started to harm prices, as inflation is getting to concerning levels. In what is most likely his last speech from Jackson Hole, Jerome Powell hinted at potential rate cuts by the end of […]
By Afe Funbi Key highlights: Ethena price finds good support at $0.64, and there are investors holding out for a potential breakout above $0.67-$0.70. On-chain indicators indicate 140 Million ENA removed from exchanges over four days, which implies reduced sell pressure. Technical setup indicates potential for upside to $0.74-$0.76, but a dip below $0.64 would […]