Ethereum price rally under question after ETH slams into resistance at $1.6K
ETH price continues to encounter resistance at the $1,600 level, a potential sign that the current rally lacks sustainable momentum.
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ETH price continues to encounter resistance at the $1,600 level, a potential sign that the current rally lacks sustainable momentum.
The report highlighted that deposits in the fourth quarter were $7.3 billion, which was lower than the third quarter figure of $12 billion.
Traders are not sure if ETH will be able to hold the $1,200 level while the S&P 500 rapidly approaches the crucial 3,900 support and ETH derivatives data hints at…
Expectations of stringent regulation and further contagion from FTX continue to weigh on ETH price, but derivatives are showing a modest improvement in sentiment.
Silvergate Capital has been quick to distance itself from the now-bankrupt crypto lender BlockFi.
"We remain optimistic that we are well positioned to scale our hash rate to 13.3 EH/s by the middle of 2022,” said Marathon Digital CEO Fred Thiel.