Analysis

Ethereum price remained supported above $3,000 and started a fresh increase like Bitcoin.

The Ethereum (ETH) market may now be heading for a significant shift in momentum as its derivatives market continues to exhibit unprecedented growth.

Ethereum has experienced a noticeable surge in its price recently, trading above the psychological $3,000 price mark, which has reignited interest in the crypto market.

Ethereum price struggled to extend gains above the $3,220 resistance zone. ETH is slowly moving lower and approaching the $3,060 support.

Vitalik Buterin praised Starknet (STRK) for solving the issue of high blob fees.

Ethereum price started a downside correction below the $3,250 zone. ETH is now consolidating near $3,000 and might attempt a fresh increase.

Negative sentiment is gradually growing in the general crypto market once again, with major digital assets like Ethereum, the second-largest cryptocurrency, witnessing a notable setback that led to a slowdown of its renewed upside price momentum. 

Ethereum (ETH) appears to be finally waking from its slumber, surging nearly 37% in the past week following Bitcoin’s (BTC) all-time-high (ATH) rally.

Ethereum price started a fresh increase above the $3,120 resistance. ETH is showing positive signs but struggling to catch up Bitcoin’s momentum.

Ethereum price started a fresh increase above the $2,750 resistance like Bitcoin. ETH was able to climb above the $2,880 and $3,000 resistance levels to move further into a positive zone.

Analysts see that Ethereum has the potential to reach a new all-time high by December after it achieved its first breakout in three months.

Ethereum price started a fresh decline below the $2,550 support. ETH is struggling and might recover if it clears the $2,500 resistance zone.

Ethereum‘s renewed price momentum appears to be slowing down as bears have taken control of the market once again. Despite the waning price strength, several crypto analysts are still bullish about the crypto asset’s trajectory, predicting that ETH could be set to rally in the short term.

Ethereum has garnered notable attention following an uptick in funding rates—a measure used to gauge the demand balance between buyers and sellers in futures contracts.

Some suggested that the second-largest cryptocurrency will soon break from the next resistance level and reclaim the $3,000 mark.

Ethereum price started a fresh increase above the $2,600 resistance. ETH is consolidating gains and might aim for a move above the $2,720 resistance.

Ethereum has been the subject of many criticisms and attacks, and many have claimed that its popularity will end. The latest is Justin Bon’s post on Twitter/X, which says that Ethereum “is cooked.”

Justin Bons, the outspoken founder and CIO of Cyber Capital, has stirred crypto twitter with a salvo of tweets scorning the Ethereum ecosystem. The former Ethereum supporter, now turned critic, unnerved several crypto enthusiasts with his claims that the blockchain was cooked. 

Ethereum price extended losses and tested the $2,380 support zone. ETH is recovering losses and struggling to gain pace for a move above the $2,5250 level.

In a post published on October 23, Ethereum (ETH) co-founder Vitalik Buterin shared details about ‘The Verge’ upgrade, which aims to make it easier to run validator nodes.