The recent downturn is attributed to an increase in Ethereum's supply, reversing the deflationary environment.
Ethereum has fallen below the $3,087 support level, reflecting the bearish sentiment in the crypto space.
Ethereum's price has been in a slump recently, slipping more than 15% in the past week amid bearish momentum in the overall crypto space. Ethereum's current struggles are mainly driven by a return to inflationary supply levels. Since April 2024, the network's supply has been increasing, which is the opposite of the deflationary environment it experienced after the Merger.
Ethereum's Price Outlook
The total supply has risen by 0.37% in the past nine
months, reaching 120.4 million ETH, according to data from Ultrasound.money This increased supply, coupled with lower
demand, has fueled concerns about the asset's price trajectory.
On the 4-hour chart on TradingView, Ethereum has dropped below the
$3,087 support level in a clear downtrend. The critical question for investors
now is whether Ethereum can maintain this support level, with failure to hold
above the support could lead to further declines.
ETH Daily Price Chart, Source: TradingView
Additionally, the price is below the 50 and moving
averages. However, ETH's Relative Strength Index (RSI) is at the oversold
territory of 22, meaning there is a possibility of price reversing before a
further downward momentum can be seen.
Ether's price had remained in a consolidation, trading
between a low of $3,189 and a high of $3,330 before the price dipped to the current
level. On the daily chart, RSI is close to the oversold zone at 32, with the price
currently above the 50-moving average.
On the longer time chart, price had been on a downward
trend on the weekly chart since touching a high of $4,010 in December 2. A
notable development is the recent drop in funding rates, which suggests
increasing bearish sentiment among traders.
Ethereum Funding Rates, Source: CryptoQuant
On-Chain Metrics
However, as Ethereum nears the $3,000 support zone,
funding rates have begun to show signs of recovery, indicating that some
traders are opening long positions in anticipation of a rebound, data from
CryptoQuant shows.
If these funding rates continue to recover, it could
signal the start of a bullish phase for Ethereum. However, if the recovery
falters and the bearish sentiment intensifies, further downside risks remain. Ethereum's price is at a crossroads, with its fate
likely tied to whether it can regain momentum.
Ethereum's price has been in a slump recently, slipping more than 15% in the past week amid bearish momentum in the overall crypto space. Ethereum's current struggles are mainly driven by a return to inflationary supply levels. Since April 2024, the network's supply has been increasing, which is the opposite of the deflationary environment it experienced after the Merger.
Ethereum's Price Outlook
The total supply has risen by 0.37% in the past nine
months, reaching 120.4 million ETH, according to data from Ultrasound.money This increased supply, coupled with lower
demand, has fueled concerns about the asset's price trajectory.
On the 4-hour chart on TradingView, Ethereum has dropped below the
$3,087 support level in a clear downtrend. The critical question for investors
now is whether Ethereum can maintain this support level, with failure to hold
above the support could lead to further declines.
ETH Daily Price Chart, Source: TradingView
Additionally, the price is below the 50 and moving
averages. However, ETH's Relative Strength Index (RSI) is at the oversold
territory of 22, meaning there is a possibility of price reversing before a
further downward momentum can be seen.
Ether's price had remained in a consolidation, trading
between a low of $3,189 and a high of $3,330 before the price dipped to the current
level. On the daily chart, RSI is close to the oversold zone at 32, with the price
currently above the 50-moving average.
On the longer time chart, price had been on a downward
trend on the weekly chart since touching a high of $4,010 in December 2. A
notable development is the recent drop in funding rates, which suggests
increasing bearish sentiment among traders.
Ethereum Funding Rates, Source: CryptoQuant
On-Chain Metrics
However, as Ethereum nears the $3,000 support zone,
funding rates have begun to show signs of recovery, indicating that some
traders are opening long positions in anticipation of a rebound, data from
CryptoQuant shows.
If these funding rates continue to recover, it could
signal the start of a bullish phase for Ethereum. However, if the recovery
falters and the bearish sentiment intensifies, further downside risks remain. Ethereum's price is at a crossroads, with its fate
likely tied to whether it can regain momentum.
Forex.com Owner StoneX Adds Crypto Offering Under MiCA Licence
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
How does the Finance Magnates newsroom handle sensitive updates that may affect a brand?
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Yam Yehoshua, Editor-in-Chief at Finance Magnates, explains the approach: reaching out before publication, hearing all sides, and making careful, case-by-case decisions with balance and responsibility.
⚖ Balanced reporting
📞 Right of response
📰 Responsible journalism
#FinanceMagnates #FinancialJournalism #ResponsibleReporting #FinanceNews #EditorialStandards
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Executive Interview | Kieran Duff | Head of UK Growth & Business Development, Darwinex | FMLS:25
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Here is our conversation with Kieran Duff, who brings a rare dual view of the market as both a broker and a trader at Darwinex.
We begin with his take on the Summit and then turn to broker growth. Kieran shares one quick, practical tip brokers can use right now to improve performance. We also cover the rising spotlight on prop trading and whether it is good or bad for the trading industry.
Kieran explains where Darwinex sits on the CFDs-broker-meets-funding spectrum, and how the model differs from the typical setups seen across the market.
We finish with a look at how he uses AI in his daily workflow — both inside the brokerage and in his own trading.
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
Why does trust matter in financial news? #TrustedNews #FinanceNews #CapitalMarkets
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
According to Yam Yehoshua, Editor-in-Chief at Finance Magnates, in a world flooded with information, the difference lies in rigorous cross-checking, human scrutiny, and a commitment to publishing only factual, trustworthy reporting.
📰 Verified reporting
🔎 Human-led scrutiny
✅ Facts over noise
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
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📸 Instagram: https://www.instagram.com/financemagnates
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🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
In this video, we take an in-depth look at @Exness , a global multi-asset broker operating since 2008, known for fast withdrawals, flexible account types, and strong regulatory coverage across multiple regions.
We break down Exness’s regulatory framework, supported trading platforms including MetaTrader 4, MetaTrader 5, Exness Terminal, and the Exness Trade App, as well as available account types such as Standard, Pro, Zero, and Raw Spread.
You’ll also learn about Exness’s leverage options, fees and commissions, swap-free trading, available instruments across forex, commodities, indices, stocks, and cryptocurrencies, and what traders can expect in terms of execution, funding speed, and customer support.
Watch the full review to see whether Exness aligns with your trading goals and strategy.
👉 Explore Exness’s full broker listing on the Finance Magnates Directory:
https://directory.financemagnates.com/multi-asset-brokers/exness/
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Exness #ExnessReview #Forex #FinanceMagnates #ForexBroker #BrokerReview #CFDTrading #OnlineTrading #MarketInsights
