In a recent video, Cowen mentioned that he believes Ethereum could experience a significant drop in value before entering a new bullish phase. This slight drop in the ETH price comes as crypto analyst Benjamin Cowen warns that it will plummet to below the $1,000 mark. This website is using a security service to protect itself from online attacks. There are several https://cryptolisting.org/ actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. The ETH to PHP conversion rate today is ₱130,468.13 and has increased by 1.96% in the last 24 hours. Excluding Bitcoin and Ethereum, SOL, SUI, ORDI, TRB, MANTA, CFX, ALT, and XRP recorded massive shorts liquidation in the last 24 hours.
- The Ethereum price indicates a rebound from the lower boundary of the falling wedge pattern at $2175, which signals a bullish trend reversal.
- More than 40K traders were liquidated in the last 24 hours, with the largest single liquidation order on Binance’s ETHUSDT worth $2.53 million.
- BTC price jumped 5% in the past 24 hours, with the price currently trading at $41,717.
- Furthermore, the trading volume has increased by 40% in the last 24 hours, indicating a rise in interest among traders.
- The 24-hour low and high are $39,902 and $42,209, respectively.
- However, a downside scenario might allow bears to influence a price decline.
Liquidation data indicate BTC short positions worth over $40 million were liquidated. More than 40K traders were liquidated in the last 24 hours, with the largest single liquidation order on Binance’s ETHUSDT worth $2.53 million. After a $5.8 billion in Bitcoin and Ethereum options expiry, the crypto market saw massive liquidation of shorts due to multiple factors including technical indicators, liquidations, and macro. Bitcoin and Ethereum futures and options open interest shoot massively after the expiry, with major buying from the U.S. crypto market. Traders turned bullish after the Federal Reserve’s preferred inflation metric US PCE cooled to 2.9%, lower than the market expectations of 3%.
ETHP Price
The 24-hour low and high are $39,902 and $42,209, respectively. Furthermore, the trading volume has increased by 40% in the last 24 hours, indicating a rise in interest among traders. The Ethereum price indicates a rebound from the lower boundary of the falling wedge pattern at $2175, which signals a bullish trend reversal. Etherprint (ETHP) is currently ranked as the #23074 cryptocurrency by market cap. However, a downside scenario might allow bears to influence a price decline.
ethp Price
We could see the value drop towards the support zone at $2135 at the wedge’s lower boundary. Our converter updates in real time giving you accurate data every time you use it to make a conversion. The current price direction of Ethereum is increasing because ETH is up 1.28% in the last 30 ethp coin days. Crypto analyst Jacob Bury says projects like these are the future of crypto, and predicts a 10X growth potential for $TUK on launch. A little push above the upper boundary of the wedge coincides with the 50 Simple Moving Average (SMA), which could see the bulls initiate a bull rally.
Why Crypto Market Is Up Today?
The crypto market saw a much-need recovery immediately after the options expiry, with the market cap rising to $1.62 trillion. Complete cryptocurrency market coverage with live coin prices, charts and crypto market cap featuring coins on 750 exchanges. The crypto market saw over $120 million in liquidation in the last 24 hours, with nearly $90 million shorts liquidated.
Total ETH futures open interest has climbed just 0.60% to $7.87 billion in the past 24 hours. BTC futures open interests on CME jumped 9% to $17.97 billion in the last 24 hours and over 4% in last 4 hours. Total BTC futures open interest increased more than 3% over the last 24 hours. BTC price jumped 5% in the past 24 hours, with the price currently trading at $41,717.
The Relative Strength Index (RSI) shows a rebound from the 30 oversold region, surging to the 50 midline level, suggesting potential buying pressure. A push above this level could see the RSI enter the overbought threshold of 70. He further predicts that Ethereum will experience a decline first in its Bitcoin pair (ETH/BTC), followed by a subsequent drop in ETH/USD, likely to happen within this year.