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ETHUSD


Analyses XM

Cryptocurrencies slide after hawkish FOMC – Crypto News

Bitcoin and Ethereum set for a losing week Hawkish Fed aids dollar and hurts risky assets SEC outlines timeline for ether ETF launch   Roller coaster ride The last few days have been eventful for cryptocurrencies, with both Bitcoin and Ethereum easing from their recent highs. The stronger-than-expected NFP report on last Friday was the main catalyst behind Bitcoin’s decline heading into this week, while on Monday spot Bitcoin ETFs ended their streak of 19 consecutive days of n

Technical Analysis – ETHUSD declines sharply towards 50-day SMA

ETHUSD posted 2-month high following ETF approval But retraced lower after a consolidation period  Momentum indicators drop to negative territories ETHUSD (Ethereum) experienced a strong rally in May, advancing to its highest levels since mid-March. However, after a period of rangebound trading, the price inched lower as the short-term oscillators retreated to their negative zones.

Bitcoin lurks near record highs, awaiting Fed cuts – Crypto News

Bitcoin nears record high as ETFs see 18 straight days of net inflows With sector-specific risks out of the way, focus turns to interest rates Ether ETF demand and US elections emerge as fresh catalysts  Bitcoin in breathing distance from all-time highs Cryptocurrencies have been in a buoyant mood lately, supported by a wide range of factors.

Technical Analysis – ETHUSD consolidates as advance pauses

ETHUSD posts fresh 2-month high following ETF approval But fails to extend its rally as bulls lift foot off the gas Momentum indicators ease from overbought conditions ETHUSD (Ethereum) had been on the rise after claiming the 50-day simple moving average (SMA) in mid-May, also helped by the regulatory approval of spot-Ethereum ETFs in the US.

Cryptos consolidate as spot Ether ETF excitement fades – Crypto News

SEC’s approval of spot Ethereum ETFs lifts digital currencies With sector-specific risks out of the way, focus turns on interest rates What could be the next growth lever in cryptos?   Cryptos go mainstream Last Thursday, the US Securities and Exchange Commission (SEC) greenlighted eight applications for spot Ether ETFs albeit they will begin trading in at least two or three months from now.

Technical Analysis – ETHUSD pulls back from 2-month high

· ETHUSD posts fresh 2-month high following ETF approval · But sustains some losses as advance seems overstretched · Momentum indicators ease from overbought conditions ETHUSD (Ethereum) has been on the rise after claiming the 50-day simple moving average (SMA) in mid-May. Moreover, the regulatory approval of spot-Ethereum ETFs in the US boosted the price to a fresh two-month peak of 3,974 before erasing some gains.

Market Comment – Dollar benefits from hawkish Fed minutes

Dollar rallies as both gold and bitcoin fall Early UK elections called after mixed UK CPI report EZ PMIs unlikely to stop the ECB from cutting rates in June Dollar rallies on the back of the minutes The Fed minutes showed a much more hawkish discussion at the May 1 meeting than originally portrayed by Chairman Powell. In particular, the comment about the willingness of various participants to tighten policy further should risks to the inflation outlook materialize, contradicts Po
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Speculation of spot ether ETF refuels crypto rally – Crypto News

Ether leads revived rally in cryptocurrencies on ETF hopes SEC reportedly U-turns on possible approval of spot ether ETF But can the latest rally be sustained? Ether ETFs move a step closer Ether – the second most popular cryptocurrency – is having its best week since August 2021 amid renewed speculation that the US Securities and Exchange Commission (SEC) is about to approve the first spot ether Exchange Traded Fund (ETF).

Technical Analysis – ETHUSD heads towards 2024 highs on ETF approval hopes

ETHUSD set to notch up a second straight day of sharp gains Hopes of spot ether ETF trigger broad-based crypto rally But danger that upswing is becoming overstretched   ETHUSD (ether) has charged through its 50-day simple average (SMA) to make a fresh bid for the March peak of 4,093.70, which was a more than two-year high. The surge comes on renewed speculation that an approval by the US Securities and Exchange Commission for a spot ether ETF is imminent.
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Market Comment – Fed uncertainty puts stocks on edge, dollar edges up

Fed policymakers maintain caution ahead of minutes as risk appetite ebbs Commodities retreat from highs amid hawkish Fed, calm in Middle East Dollar inches higher, ether jumps 19% on spot ETF hopes Fed officials sing from same hymn sheet Expectations of two rate cuts by the Fed are in doubt again as investors pared back some of their bets following a string of hawkish commentary by Fed policymakers in the last 24 hours.
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Bitcoin finds support from a weaker dollar – Crypto News

Bitcoin stabilizes above $60,000 as softness in greenback offers relief But the technical structure of lower highs and lows remains in place Regulatory woes re-emerge as markets await approval of Ethereum ETFs   Bitcoin slide pauses The flagship cryptocurrency has come under significant selling pressure following the successful completion of the fourth halving event on April 19, underscoring investors' belief that the impact of the event had been already baked into Bitcoin��
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Bitcoin licks wounds as Fed comes on the rescue – Crypto News

Bitcoin posts 2-month low on expectations of slower rate cuts But cryptos breathe a sigh of relief after dovish Fed meeting The launch of Hong Kong listed spot ETFs disappoints   Bitcoin gains but lacks bullish long-term catalysts The king of cryptos has come under selling pressures lately, especially following the successful completion of the fourth halving event on April 19. As both the launch of spot-Bitcoin ETFs and halving event are now behind us, it seems that there is
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Bitcoin slips as markets pare back Fed rate cuts – Crypto News

Halving proves to be a non-event for Bitcoin Expectations of fewer rate cuts weigh on cryptos Hong Kong ETFs might improve demand outlook   Successful halving but no fireworks Last week, the much-anticipated halving event took place but as most had expected the market reaction was relatively muted. In a nutshell, it seems that the post-halving boost had already been baked in the price, given Bitcoin’s exponential rally from around $15,000 to fresh all-time highs within less than
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Technical Analysis – ETHUSD finds support at 50-day SMA

ETHUSD slides after recording 1-month peak But the 50-day SMA curbs its retreat Momentum indicators ease in positive zones ETHUSD (Ethereum) experienced a strong pullback from its 2024 peak of 4,090, dropping to as low as 3,060. This week, the price recorded a fresh one-month high of 3,410 before reversing lower to find solid support at the 50-day simple moving average (SMA).
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Bitcoin erases pullback but stalls at $70,000 – Crypto News

Bitcoin clips recent losses and eyes record highs ETF flows suggest a buy-the-dip mentality Cryptos did not move on PCE data despite closed markets   Solid quarter comes to an end This week has been a relatively quiet one for crypto prices, with Bitcoin attempting to erase the latest slump from its all-time highs. Again, spot-Bitcoin ETF flows were the main drivers behind this rebound as the market exhibited a buy-the-dip mentality when Bitcoin prices hit the $60,000 psychologic
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Bitcoin bounces back after dovish FOMC meeting - Crypto News

Bitcoin slid from record highs amid growing ETF outflows But dovish Fed breathes life back into risky assets Ethereum and smaller coins follow Bitcoin higher Bitcoin pulls back due to stagnating ETF demand Cryptocurrencies began this week where they left off, extending their losses after a series of US data had been underscoring the scenario that the Fed could clip some of its rate cuts projected for 2024. Many speculative traders might have seen this as the perfect opportunity
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Bitcoin pulls back from record highs – Crypto News

Bitcoin posts consecutive record highs before retracing lower Drops below 70,000 psychological mark amid rising US yields Ethereum follows suit despite the successful Dencun upgrade   Bitcoin down around 10% from record highs This week could be split into two different phases for Bitcoin and the crypto markets in general. Initially, the king of cryptos marched to consecutive all-time highs, peaking at $73,800 on Thursday. Again, intensifying investor demand towards spot-Bitcoin
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Technical Analysis – ETHUSD trades flat in Dencun upgrade aftermath

ETHUSD trades sideways in the past few sessions Fails to capitalise on completion of Dencun upgrade on Wednesday Momentum indicators ease but do not exit overbought zones ETHUSD (Ethereum) has been in a steep uptrend in 2024, surging to consecutive multi-month highs. However, the leading altcoin seems to be consolidating in the past few sessions despite the successful completion of the Dencun upgrade as it has been repeatedly repelled a tad below the 4,100 mark.
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Bitcoin consolidates a tad below all-time highs – Crypto News

Bitcoin surges to an all-time high of $69,202 on Tuesday Experiences a pullback but rebounds strongly Focus shifts on halving and Fed rate cut trajectory   Turning point This has been a landmark week for Bitcoin and the crypto market in general as on Tuesday the king of digital currencies stormed to a fresh all-time high of $69,202, according to data compiled by LSEG Eikon, before paring some gains.
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Technical Analysis – ETHUSD storms to a fresh 26-month peak

ETHUSD ascends sharply, touching 4,000 psychological mark Momentum indicators are deep within overbought zones Risk of a pullback is high given the overstretched rally                 ETHUSD (Ethereum) has been in a steep uptrend, surging to consecutive multi-month highs. However, traders should not rule out an impending downside correction as the short-term oscillators are flagging extremely overbought conditions.
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