$ETH
Ethereum Price Forecast: ETH could retest $2,707 as investors resume accumulation
Cryptos |
Ethereum price today: $2,520
Ethereum on-chain metrics indicate addresses are accumulating again.
Ethereum added 3.64 million holders between September and October, 40% higher than in July and August.
Ethereum could retest the $2,707 resistance if it bounces off the $2,490 support level.
Ethereum (ETH) is down over 1% on Friday. A key technical support level suggests a bounce off $2,490 amid signs of investor accumulation across on-chain metrics.

Ethereum investors have resumed accumulation
Ethereum exchange-traded funds (ETFs) posted $13 million in net inflows on Thursday despite a market-wide correction, per Coin glass data. The positive flows extended their streak to three consecutive days of net inflows, indicating institutional investors are gradually allocating capital to ETH.

ETH's Mean Coin Age metric also signals a similar trend among on-chain holders. Mean Coin Age shows the average number of days that all ETH tokens stayed in their current addresses. A consistent upward slope indicates rising accumulation, and a downward slope signals increased transfer of ETH between addresses..

$BTC
Bitcoin climbed above $73,000 Tuesday, nearing its all-time high as investors counted the days to the U.S. presidential election.

The price of bitcoin was last higher by 3.8% at about $72,333.10, according to Coin Metrics. Earlier, it rose to $73,601.59, its highest level since March 14, the day it reached its record.

The rise in bitcoin price triggered a wave of short liquidations, which propelled crypto prices higher. The cryptocurrency has seen more than $113 million in short liquidations in the past 24 hours, according to CoinGlass.

Crypto exchange platform Coinbase and bitcoin proxy MicroStrategy each rose 1%.

Bitcoin has struggled to reclaim $70,000 this year
Bitcoin has been confined to a tight range between $55,000 and $70,000. It has wrestled with the $70,000 level several times this year, and earlier forays above that level have turned out to be mere blips.

$BNB

Flipster, a global crypto derivatives exchange, has announced a collaboration with BNB Chain, a community-driven blockchain ecosystem, to offer fee-free withdrawals, aiming to democratize access to cryptocurrency trading.

This collaboration builds on Flipster’s existing zero-fee trading model, aligning with both Flipster and BNB Chain’s shared mission to make cryptocurrency trading more user-friendly and cost-effective. By backing BNB Chain’s gas-free withdrawals initiative, Flipster users will be able to transact with ease and capitalize on market movements effectively while avoiding hidden fees and slippage....