Ethereum

Ethereum is consolidating around the $3,000 mark, facing resistance but showing signs of a potential ‘bull flag’ pattern. Key support at €2,600 is critical, while a daily close above €2,665 could trigger a rally towards €2,880 and potentially €3,400.

The crypto market saw nearly €500 million in positions liquidated in hours, with Bitcoin and Ethereum leading the losses as over 180,000 traders were hit in a leverage-fueled downturn.

Bitcoin’s price plunged by over 3% to a monthly low of $85,300 as U.S. markets opened, dragging down the entire crypto market. Investors are now awaiting the U.S. jobs report for potential market direction.

A sudden, sharp correction in the late afternoon sent shockwaves through the crypto market, with Bitcoin dropping over 2% in an hour. The downturn, triggered by a $200 million liquidation wave, has pushed the Crypto Fear & Greed Index to ’extreme fear’ levels.

Bitcoin took a hit on Sunday, its worst since April, but has recovered overnight. Ethereum is holding steady while other altcoins see modest losses.

Investors awaited the Fed’s rate cut, but analysts warn it may not fuel a year-end crypto rally. The Fed’s technical moves aim to stabilize the financial system, not boost markets, leaving crypto cautious.

Analyst Michaël van de Poppe argues that while the Fed’s rate cut grabbed headlines, the real story is the quiet restart of Quantitative Easing. This injection of liquidity, he says, will inevitably drive up the price of scarce assets like Bitcoin, despite short-term volatility.

A rare price pattern has emerged in Ethereum’s chart, the same signal that previously triggered a 260% surge. With analysts predicting up to $5,000 (€4,250), we explore the reasons behind these high expectations.

Revolut and Trust Wallet have launched a partnership allowing European users to buy crypto and have it sent directly to a self-custody wallet, simplifying the process and giving users immediate control over their assets.

Despite a struggling crypto market, OKX’s free Ethereum trading bots have generated impressive returns, with one strategy achieving a 95.67% profit in one to two months by capitalizing on price volatility.