Ethereum News: As ETH Soars, Analyst Explains Why Supply Shock Seems ‘Inevitable’

Ethereum News: As ETH Soars, Analyst Explains Why Supply Shock Seems ‘Inevitable’

Ether surged past $4,900 to new highs with charts showing bullish momentum. Analysts are talking about bitcoin fatigue, shrinking supply and risk of a short-term pullback.

Ethereum’s supply shock incoming? Peeking into what traders are up to

Ethereum has entered price discovery after breaking above its 2021 highs. Traders are watching key levels closely.

Ether could face volatility as markets eye Powell at Jackson Hole – #CryptoUpdatesGNIT

Key takeaways ETH is trading above $4,300, up by less than 1% in the last 24 hours. Investors will focus on Powell’s speech at Jackson Hole later today.  Ether remains resilient despite bearish market conditions The cryptocurrency market has been volatile since the start of the week, and more volatility is expected over the next few hours. Traders are bracing for potential volatility ahead of Federal Reserve (Fed) Chair Jerome Powell’s speech at…

Ethereum Touches $4,935 in Fresh Rally

Ethereum reached an intraday high of $4,935 on Sunday, fueled by rate-cut optimism, strong ETF inflows, and significant institutional interest. …

As ETH Soars, Analyst Explains Why Supply Shock Seems ‘Inevitable’

The post As ETH Soars, Analyst Explains Why Supply Shock Seems ‘Inevitable’ appeared on BitcoinEthereumNews.com. Ether (ETH) pushed into uncharted territory Sunday, clearing $4,900 on Coinbase at 5:40 p.m. UTC and surpassing its prior record of $4,867 set on Nov. 8, 2021. The five-year ETH-USD price chart from TradingView shows a clean, multi-year breakout: ETH has finally vaulted the 2021 high after a long consolidation, leaving no historical o…