Ethereum price marks bullish divergence at $2,900, upside pressure building?

Zcash, a privacy-focused cryptocurrency, has experienced a notable price surge. Ran Neuner from Crypto Banter suggests he has insights into the factors driving this increase.

Bitcoin is currently trading around the $90,000 mark, reflecting a significant market shift. Analysts are divided on whether this decline below $100,000 signals the start of a bear market or if Bitcoin is poised for a recovery. Recent data indicates that nearly 7 million BTC are now at an unrealized loss, the highest since January 2024, highlighting the ongoing volatility and uncertainty in the cryptocurrency market.

CEA Industries has launched a new Treasury Dashboard that provides investors with real-time insights into its expanding cryptocurrency holdings and capital strategy. This initiative reflects the company's commitment to transparency and innovation in the rapidly evolving crypto market.

Despite a decline in retail sentiment, institutional interest in the cryptocurrency sector remains strong, particularly in the BNB Chain and Ethereum. This trend indicates a long-term confidence among major players in the market, as they continue to explore opportunities across multiple blockchains.

Ethereum has been experiencing a downward trend since reaching a new all-time high in August, exacerbated by a significant market crash on October 10. This prolonged bearish performance has led to a complete reset of its liquidity, indicating a potential turning point for the cryptocurrency.

Dogecoin price is currently defending the $0.15 level as a double bottom pattern begins to emerge. If this pattern is confirmed, it may indicate a potential rally towards $0.20 and beyond.

Ethereum's price has dipped into the Fibonacci Golden Pocket near $2,950, which increases the likelihood of a rebound towards $3,880. This movement suggests a potential bullish trend as market sentiment begins to shift positively.

Kohaku introduces practical privacy features for Ethereum wallets, including safer recovery options, private modes, and shared standards tailored for real-world applications.