Altcoins search for direction while Bitcoin looks on track to take a stab at new all-time highs.
Bit Digital’s stock plummeted after announcing a $150 million share sale and a transition from Bitcoin mining to Ethereum staking.
Crypto analyst Michaël van de Poppe says Ether could be “testing the other side of the range” in the coming weeks as it trades above $2,400.
The explosion of new blockchains has fractured DeFi’s once-unified liquidity, threatening its core advantage of composability. Without infrastructure that seamlessly connects siloed markets, DeFi risks losing its revolutionary qualities.
Bitcoin price continues moving higher as a ceasefire between Iran and Israel holds and traders anticipate a round of interest rate cuts from the US Federal Reserve.
ETH’s two-week chart signals a bearish crossover, resembling a 2022 setup that preceded a 40% decline in the price of Ether.
The crypto mining firm will additionally sell its own stock to purchase more ETH for its treasury.
Analysts are bullish on ETH’s long-term prospects and ETF inflows, but futures data paints a different picture.
SharpLink Gaming has seen its share price jump over 7% after the firm boosted its Ethereum holdings to 188,000 Ether.
Ether gains bullish momentum as technical indicators, rising ETF inflows and a potential capital rotation from Bitcoin signal a possible breakout above $2,500.