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ETH/USD: Crypto Markets Mirror Summer Doldrums
Ethereum has continued to just barcode here at the highs that we made recently. I think at this point in time, it's obvious that the 3,800 level is an area that you should be paying close attention to with perhaps the $3,500 level offering support. This is like a microcosm for a lot of markets I'm watching right now. There's just no risk appetite and you have to wonder whether or not we're all just waiting around for something. It's worth noting the Bitcoin continues to struggle with the $120,000 level. And if we can finally break above there, that probably launches Ethereum towards the $4,000 level, the next major ... (full story)
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Ether is approaching a critical juncture as it nears the $4,000 resistance level, a barrier it has failed to breach three times since February 2024. This time, however, several converging factors, including strong ETF inflows, robust network activity, and favorable chart technicals, suggest a breakthrough may be imminent. “With $4,000 now within arm’s ...
