Ethereum (ETH) recently tumbled below the crucial $2,000 support level, mirroring Bitcoin’s decline. The bears took control, driving ETH below $1,880 and eventually touching a low of $1,753 before bulls stepped in. Currently, Ethereum is attempting a recovery, reclaiming the $1,800 and $1,820 levels.
The price has surpassed the 23.6% Fibonacci retracement level from its $2,152 swing high to the $1,753 low but remains below $2,000 and the 100-hour Simple Moving Average. A short-term declining channel on the hourly chart shows resistance at $1,880, followed by stronger hurdles at $1,950 and $2,000. A break above $2,000 could trigger a rally toward $2,120, with further gains potentially pushing ETH to $2,250 or even $2,350.
Read Ethereum Price Prediction for more detailed insights
Will ETH Drop Again?
If Ethereum fails to clear $1,880, it risks another downturn. Key support levels include $1,800, followed by the crucial $1,750 mark. A breakdown below $1,750 could drive ETH towards $1,680, and in an extreme scenario, even $1,550.
Whale Accumulation: Bullish or Cautionary?
Despite the price drop, on-chain data reveals that whales have accumulated 330,000 ETH in the past 48 hours. Wallets holding 100,000+ ETH have seen a sharp rise, signaling strategic buying. Historically, such whale activity has preceded price recoveries, but whether this trend continues depends on market sentiment.
Also Read: Filecoin Price Prediction 2025, 2026 – 2030
On-Chain Metrics: Mixed Signals
Ethereum exchange reserves are declining, suggesting reduced sell pressure. Meanwhile, Open Interest in ETH futures has risen, indicating growing speculative activity. However, a recent drop in Open Interest suggests traders may be reducing exposure due to market uncertainty. Additionally, Ethereum’s daily active addresses saw a decline, though a recent uptick hints at potential renewed interest.
Ethereum’s next move hinges on whether buying pressure can sustain a recovery or if macro conditions force another leg down.
However, a technique existed long before crypto that transitions extremely well to these modern digital assets.What is Crypto Arbitrage?Cryptocurrency arbitrage trading is a form of trading that exploits the variations in prices between different markets.
While best known from more traditional markets, arbitrage trading converts incredibly well to the cryptocurrency space, given the mixture of liquidity and accessibility resulting in quite substantial price discrepancies at times.Where are the Best Arbitrage Opportunities?Even with the increased availability of bitcoin and other major cryptocurrencies in recent years resulting in a relatively stable market price across some markets, there are still some very profitable opportunities if you know where to look.Peer-to-peer trading (P2P) is a type of trading that has been active in the cryptocurrency space since the early days of bitcoin.
Every day, traders worldwide are making money with their homegrown trading businesses or side hustles that, at their core, are just a form of arbitrage trading.Even in countries where access to crypto is relatively high, not everyone has the exact needs or preferences, resulting in a massive alternative market for P2P trading.
While some traders opt to go the cash route and trade bitcoin for cash-in-person (sometimes called face-to-face trading), there are typically many other alternatives.The problem with many crypto exchanges is that they only provide access to a very minimal range of deposit options, sometimes just a single one (often bank or wire transfer).
However, in most parts of the world, a range of digital payment methods like PayPal, M-Pesa, Western Union, or even something unexpected like gift cards have high use rates and enable you to trade crypto in these regions on P2P marketplaces for a profit.Premium Payment MethodsYou may have heard someone say something along the lines of "you can't put a price on convenience," and the reality is that you actually can when it comes to crypto trading.One of the other highly profitable methods of arbitrage crypto trading is found in payment methods themselves, and the price people are willing to pay for convenient or necessary access.
Some payment methods are difficult to buy crypto using large centralized exchanges, yet are often preferred by buyers looking to buy crypto fast and are willing to pay extra for the privilege.Suppose you are willing to accept slightly more exotic or in-demand payment methods.
Ethereum is considered as the second largest selling cryptocurrency by market cap.
If you are not aware of what is Ethereum and how does it work then please visit the Coinstash website today.
To buy ETH in Australia you need to deposit Australian dollars into your Coinstash account then enter the amount of Ethereum that you wish to purchase and Click ‘Buy ETH‘ to confirm your purchase.
Everyone is discussing blockchain, and no one wants to be left behind.Around 77% of the financial services industry will adopt blockchain for a few elements of their operation by 2020.Many banks have demonstrated a tendency to incorporating blockchain for payments and reconciliationIn fintech, blockchain discovers application in areas like digital ID, client authentication, insurance and moreAccording to the blockchain training institute, it is one technology that is said to acquire in a revolution on par with the birth of the internet.
What began as a decentralizing currency and resources are currently disrupting each mainstream industry.
Whether its fintech, healthcare, pharmaceuticals, insurance, digital security, enterprise SaaS - blockchain is everywhere today.Even the normal BFSI stakeholders like the large retail banks are sending blockchain solutions for the robustness this technology brings to age-old systems when integrated in the right way.According to a survey on the financial services sector and fintech directed by PWC, around 77% of the financial services industry has a plan on adopting blockchain by 2020.
Banks comprising a third of the institutions surveyed have indicated a tendency in incorporating blockchain in their operations.People who haven't grown listening regarding this technology are currently aspiring to work on this new technology.
The way to a career in Blockchain is, obviously, new as well as innovative.iron
