Ethereum price has stalled at the resistance level of $4,000, but on-chain metrics and other external factors points to more gains. Ethereum eth-4.04%Ethereum, the second-largest cryptocurrency by market capitalization, was trading at $4,008. But the momentum failed to continue as it has faced resistance over the past three consecutive weeks. Still, ETH has positive catalysts that…
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Ethereum price has remained under pressure as exchange reserves rise, ETF inflows stall, and its market share in decentralized finance declines. Ethereum eth0.11%Ethereum was trading at $2,550 on Friday, Nov. 1, down by 37% from its highest level this year. In contrast, Bitcoin btc0.15%Bitcoin is just 4.7% below its all-time high. Ether faces several challenges. Data from CryptoQuant shows that the…
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Days after hitting a month-high of $3,943, the price of Ethereum (ETH) has begun to correct. The initial rise followed the U.S. Securities and Exchange Commission (SEC) approving applications from NASDAQ and the NYSE to list Ethereum exchange-traded funds. Although ETF issuers still need final approval before their products can launch, the SEC’s May 23…
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