Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
Home»ALTCOIN NEWS»US Investors Pick Ethereum Despite Market Turmoil: Will ETH Rally?
ALTCOIN NEWS

US Investors Pick Ethereum Despite Market Turmoil: Will ETH Rally?

By Crypto FlexsAugust 28, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
US Investors Pick Ethereum Despite Market Turmoil: Will ETH Rally?
Share
Facebook Twitter LinkedIn Pinterest Email
  • Despite the recent price decline, it has been revealed that US investors are actively buying ETH.
  • Although mixed signals from various indicators cast uncertainty on the possibility of a rally, technical patterns point to an uptrend.

Over the past 24 hours, the cryptocurrency markets have seen a significant drop, with Ethereum (ETH) down 8.41%, bringing its weekly performance down 4.76%.

However, further analysis suggests that this downtrend may be short-lived, as US investors appear ready to push the ETH price higher.

US investors are supporting ETH despite market volatility.

Recent data from Crypto Quant on Ethereum, which measures the price difference between Ethereum on US-based Coinbase Pro and global exchange Binance (BNB), shows that interest from US cryptocurrency investors is growing despite the recent market decline.

A positive reading for this indicator indicates that Ethereum is trading at a higher price on Coinbase Pro than on Binance, suggesting strong buying interest among US investors.

Source: Crypto Quant

At the time of writing, the index was positive at 0.03, indicating that investor confidence has persisted despite the widespread market turmoil. If this buying activity continues, the price of Ethereum is likely to follow suit.

Further research by AMBCrypto found that while US investors are supportive of the rally potential, opinions remain mixed within other sectors.

Mixed sentiments among retailers on ETH outlook

While some retailers remain enthusiastic about Ethereum, indicators are sending mixed signals about future price action.

Increasing numbers of active addresses and new addresses indicate bullish sentiment.

Specifically, over the past few days, new addresses have increased by 18.34% and active addresses have increased by 11.61%, showing high participation on Ethereum.

Source: IntoTheBlock

In the last 24 hours, the number of new addresses reached 114.92K, while the number of active addresses reached 507.15K. This high level of activity indicates that bullish sentiment is steadily increasing in the market.

However, Ethereum’s negative funding rate suggests a contrasting view, indicating that the majority of retail traders are expecting a price decline and are prepared to pay a premium to maintain their short positions.

If this bearish outlook persists, Ethereum’s upside potential could be hampered despite significant interest from US investors and positive growth in address statistics.

Support levels determine ETH’s next move.

ETH has recently come out of a consolidation phase, which is usually marked by significant accumulation by whales in anticipation of a rally. This decline could be attributed to stop hunting.

Stop hunting involves large institutions intentionally manipulating the price of an asset to activate stop loss orders and cause rapid price movements.

This strategy allows you to buy or sell large amounts at favorable prices before the market stabilizes.

Source: Trading View

In this case, institutional traders could accumulate more ETH at lower prices. These levels also coincide with demand zones, potentially fueling an uptrend.


Read Ethereum (ETH) Price Prediction 2024-2025


However, the sustainability of this rally depends on whether the $2,552.99 support level turns into resistance, which would limit any upward price movement.

Additionally, a break above the resistance level of $2,723.83 would further solidify the bullish sentiment in the market.

Next: Worldcoin’s Troubles Continue as Alameda Abandons WLD. What’s Next?

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The throat is falling, but the jupnet and ajup spark recovery reduce the potential

October 2, 2025

The method of transforming ASTER WHALES into panic is as follows.

September 25, 2025

The XRP market value surpasses Shopify, Verizon, and Citigroup. Whales sell 40m coins.

September 18, 2025
Add A Comment

Comments are closed.

Recent Posts

BC.GAME News Backs Deccan Gladiators As Title Sponsor In 2025 Abu Dhabi T10 League

October 6, 2025

Unity modifies mobile games and password wallets that threaten important vulnerability.

October 6, 2025

BitDigital becomes the first public Etherrium for distributing unsecured leverage -details -Details

October 6, 2025

Cango Inc. Announces September 2025 Bitcoin Production And Mining Operations Update

October 6, 2025

Cake Eyes 60% Rally Pancake WAP

October 5, 2025

Bitcoin Pullback — ETFs Drive Capital Flows, Altcoins Like SOL And XRP Boost Investor Returns

October 5, 2025

SHIBA INU (SHIB) and Dogecoin (DOGE) holders are 16,736%of Rally Progast Tempts buyers that are accumulated as Little PEPE (Lilpepe).

October 5, 2025

Solana Future Surge as the institution induces the open interest for the best record.

October 4, 2025

Free bitcoin.in app withdrawal request My satoshi

October 3, 2025

If this happens, you can see a huge price of $ 1.9.

October 3, 2025

Lombard Liquid Bitcoin Summary Summary

October 3, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

BC.GAME News Backs Deccan Gladiators As Title Sponsor In 2025 Abu Dhabi T10 League

October 6, 2025

Unity modifies mobile games and password wallets that threaten important vulnerability.

October 6, 2025

BitDigital becomes the first public Etherrium for distributing unsecured leverage -details -Details

October 6, 2025
Most Popular

McKenna’s Crypto anon launches Arete Capital, first fund targets $20 million

April 8, 2024

How high can the price of XRP rise by the end of 2024?

December 1, 2024

Google Cloud joins EigenLayer mainnet as node operator

April 10, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.