ETP sentiment cooled in the latter half of last week amid reports of US involvement in the Iran conflict.
Whales are betting hundreds of millions on Ether’s price recovery despite the industry’s most successful traders being net short amid escalating conflict in the Middle East.
Bitcoin’s drop below the $100,000 support pulled ETH, XRP, SOL, and HYPE lower, but a relief rally may be around the corner.
Technical patterns point to a potential 25% rebound in Ether’s price, with whales scooping $263.5 million worth of ETH during the price dip.
Cybersecurity firm Hacken CEO Dyma Budorin said the biggest damage has been to its reputation, though the incident had nothing to do with the main business.
Bitcoin’s sell-off is accelerating, and most altcoins are following BTC’s path. Will traders buy the dips?
Over 28% of Ether’s supply is now locked, signaling tightening liquidity conditions, as more Nasdaq-listed companies establish corporate crypto reserves.
Shrinking liquid supply, persistent ETF demand, and strong technical factors could push ETH price above $4,000.
Hackers behind the $100 million Nobitex exploit have released the exchange’s full source code, escalating tensions amid the Israel-Iran conflict.
A crypto analyst says the altcoin season “we are all craving for” now hinges on Ether doing better and showing strength.