Descending channel pattern and weak futures data continue to constrain Ethereum price
ETH derivatives metrics and technical analysis point toward further downside for Ethereum price.
Auto Added by WPeMatico
3 key metrics signal Terra (LUNA) price is preparing for a recovery
LUNA price is far from its all-time high but three key metrics signal that the altcoin could be preparing to rally.
Value Locked in Defi Drops Below $200 Billion, April’s Dex Trade Volume Drops 21% Lower Than March
While the crypto economy shed billions this week, the total value locked (TVL) in decentralized finance protocols slipped under the $200 billion range to $196.6 billion. The TVL in defi…
Avalanche (AVAX) loses 30%+ in April, but its DeFi footprint leaves room to be bullish
AVAX is trading below $65, but the network’s large DeFi ecosystem and DApp use are reflective of its strong fundamentals.
Ethereum on-chain data hints at further downside for ETH price
An assortment of on-chain and derivatives data signal that ETH price is unlikely to rally above $3,500 any time soon.
Rebase Token Carnage: OHM, TIME, KLIMA Down More Than 98% From All-Time Highs
About four months ago, four of the top rebase tokens by market valuation were worth close to $8 billion in USD value and today, the entire lot of rebase tokens…
Pro traders turn into bears after Ethereum price dropped to $3,200
Regulatory uncertainty, potential competition from tech giants and a market nearing exhaustion are all factors impacting ETH price.
Traders predict $3,800 Ethereum, but multiple data points suggest otherwise
Is it time for a correction after ETH rallied 34% in two weeks? On-chain metrics and derivatives data say yes.
Value Locked in Defi Climbs Back Above $200 Billion, ETH Dominates Defi TVL by 54%
As the crypto economy nears the $2 trillion mark, the total value locked (TVL) in decentralized finance (defi) has risen above the $200 billion zone after slipping below that range…
Optimism Raises $150 Million in Series B Funding Round Led by Paradigm and A16z
Optimism, an L2 (Layer 2) rollup solution for Ethereum, has raised $150 million in its Series B funding round coming from big companies in the venture capital (VC) scene. The…