Ethereum Short Squeeze: Bitfinex Sees $670 Mln Bloodbath After This

Ethereum (ETH) tracked a broader recovery in the crypto market, jumping over 5% in the past 24 hours as sentiment improved. The token was last trading at $1,882.80, according to data from Coinmarketcap.com.

Timeline of Ethereum

For the bulk of this year, the crypto market has been experiencing extremely bearish sentiment. On top of that, we have black swan events such as the demise of Terra's stablecoin ecosystem, which in turn pummeled the market cap of the combined crypto markets. It's times like these that give us an opportunity to reflect …

This week, ETH reached a high of $2016, however, the second-largest cryptocurrency quickly rolled over and lost the $2K mark once again, and currently trades around $1800. This analysis will try to highlight the necessary signals before a possible trend reversal.

During the previous week, the price of Ethereum has stabilized between $2,000 and $1,700. Because of this, the ETH price remained largely unchanged compared to the last seven days and lost 2.5% of its value.

A veteran trader who became a legend in crypto circles after nailing Bitcoin's (BTC) collapse in 2018 is sounding the alarm on leading smart contract platform Ethereum (ETH). Peter Brandt tells his 645,700 Twitter followers that Ethereum is forming a descending triangle, a continuation pattern that suggest further downside risk for ETH. “Not ready to The post Trader Who Accurately Called Epic Bitcoin Crash Issues New Warning for Ethereum Investors appeared first on The Daily Hodl.

Ethereum price analysis is bearish today as we expect the current retest of $1,800 previous support as resistance to end with another lower local high set. From there, ETH/USD should head lower and target the $1,700 major support next.

Vitalik Buterin, the Ethereum co-founder, held a candid chat with the ETH community. He asked them to mention some of his beliefs through his Twitter handle, which they feel is wrong.

With Ethereum 2.0 underway, the transition into a Proof-of-Stake Network for the Ethereum [ETH] blockchain is about to become a reality. Users and developers are excited over the developments this upgrade will usher into the network.

Former BitMEX CEO Arthur Hayes is reasserting his call for a parabolic price rally for Ethereum (ETH) near the end of this year. In a recent blog post, Hayes says he's sticking to his prediction that Ethereum will trade at $10,000 by the end of the year even if he's slightly less confident on when The post Crypto Capitalist Arthur Hayes Details Massive End-of-Year Forecast for Ethereum (ETH) appeared first on The Daily Hodl.

Former Bitmex CEO Arthur Hayes said that Ethereum might reach $10,000 in value by the end of the year 2022. He cautions that the market, particularly in the middle of the year, might be volatile.

Arthur Hayes, the youngest crypto billionaire of American Africa and the former CEO and co-founder of the derivatives platform BitMEX, predicted Ethereum could hit $10,000 by the end of 2022. Notably, Hayes once speculated a downtrend in Ethereum's price in an April blog post that came true.