Ethereum Struggling Against Bitcoin, Solana But A Reversal May Be On The Way
Portfolio Pulse from Khyathi Dalal
Ethereum has been underperforming, down 15% over the past 30 days. However, on-chain data and technical analysis suggest a potential bullish rebound. Significant liquidations in the futures market may lead to renewed interest and a price surge. Traders are divided, with some seeing potential while others note competition from Bitcoin and Solana. Institutional interest in Ethereum will be discussed at Benzinga’s Future of Digital Assets event on Nov. 19.
August 12, 2024 | 1:41 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Ethereum has been underperforming, down 15% over the past 30 days. On-chain data and technical analysis suggest a potential bullish rebound due to significant liquidations in the futures market, which may lead to renewed interest and a price surge.
The significant liquidations in the futures market indicate a potential reset, which historically precedes price rallies. This, combined with on-chain data, suggests a bullish rebound for Ethereum.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100