Global #Ethereum (ETH)

Ethereum (ETH) is currently exhibiting several bearish signals, driven by technical analysis, on-chain data, and recent market activities. The cryptocurrency has recently crossed a crucial resistance level and is now trading at $2,622, marking a 4% decline over the past 24 hours.

Ethereum (ETH) is currently experiencing significant bearish pressure following a major liquidation event by BlockTower Capital, a prominent crypto venture capital firm.

​In a development that has sparked significant attention in the cryptocurrency world, approximately $2 billion worth of Ethereum (ETH) has recently been moved from wallets that had remained dormant since their seizure in 2021.

In the aftermath of Monday’s market collapse, Solana (SOL) has emerged as a prominent player, achieving a significant milestone by reaching a new all-time high against Ethereum (ETH).

According to a recent report from on-chain analyst EmberCN, a significant downturn in Ethereum (ETH) prices has triggered a series of liquidations among leveraged ETH whales.

Asset management giant Bitwise is making waves with its Ethereum (ETH) exchange-traded fund (ETF). Not only is it offering investors exposure to the world's second-largest cryptocurrency, but a portion of the ETF's profits will be donated to support Ethereum developers.