Ethereum

<ul><li>Ethereum&#39;s recent rebound to 0.05 BTC follows a geopolitical-driven correction, highlighting market volatility.</li><li>ETH ETFs have seen significant inflows, signaling potential market shifts amid reduced Grayscale selling pressure.</li><li>The ETH/BTC trend remains bearish; watch for resistance at 0.05151 BTC and support at 0.04750 BTC for future moves.</li></ul><a href="https://cryptotale.org/ethereum-on-edge-5-9-million-eth-unstaked-is-more-volatility-ahead/" rel="noopener noreferrer nofollow">Ethereum</a> (ETH) experienced a dramatic overnight correction, largely driven by geopolitical tensions involving Hamas and Israel. As noted by<a href="https://x.com/CryptoMichNL/status/1818549658156716279" rel="noopener noreferrer nofollow"> Michaël van de Poppe</a>, CIO &amp; Founder of MN Trading Consultancy, despite this turbulence ETH managed a notable rebound, climbing back to a key level of 0.05 BTC. This recovery comes as altcoins across the board are showing positive performance today.<img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfm_APlVjOzgjT1heBg3uihRvS90CpOaVcMtluciN2zunH1jy45uE0pY7ibfnEDf5VtgGSq3P7SjCBFQTyydM4VpVXLy5Fya2kSjGf-uZV_vM7G02oosYy7UjFSccqPXfJWQnQSiGi3fDGeKhSCGnieUSU?key&#61;INwLW_EoBG7M-EkJ2P4gFw" />Further noted by <a href="https://x.com/CryptoJelleNL/status/1818561339331129698" rel="noopener noreferrer nofollow">CryptoJelle</a>, an analyst, recently ETH ETFs recorded their first significant inflows, excluding the initial launch day. This development, coupled with a reduction in Grayscale selling pressure, suggests a potential shift in market dynamics. Observers will be keenly watching the upcoming ADP and FOMC reports, as these could further influence market movements.<a href="https://cryptotale.org/bearish-trend-or-temporary-relief-decoding-ethereums-latest-price-action/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bearish Trend or Temporary Relief? Decoding Ethereum’s Latest Price Action

CryptoTale

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