The price of ethereum, or 1 ETH, was $2,299.44 as of 8 a.m. ET. The crypto’s highest intraday price in the past year was $4,088.00 on March 12, 2024. *The return comparisons are as of 8 a.m. ET.

Ethereum faces challenges as significant exchange inflows signal potential selling pressure. Could this lead to a price drop?

Ethereum’s (ETH) price has exhibited strong bullish momentum this week, currently displaying four back-to-back daily green candles for the first time since early July. The rally for crypto assets began after the United States announced a 50 basis point rate cut,

Ethereum, or 1 ETH, traded at $2,307.70 as of 8 a.m. ET. The highest intraday price the cryptocurrency reached in the past year was $4,088.00 on March 12, 2024. *The return comparisons are as of 8 a.m. ET.

The Ethereum Foundation has sold a total of 950 ETH worth over $2.2 million in the past three weeks. On Sept. 20, the non-profit sold 300 ETH for over $760,000 as Ethereum price rose to above $2,500.

Ethereum’s (ETH) price action has remained underwhelming recently, with a 9% drawdown in September. ETH’s Q3 is en route to becoming the third-worst period in terms of returns since inception. Yet, favourable technicals are starting to surface for the altcoin as a bullish fractal is reaching a conclusive state.

Ethereum shows signs of potential price recovery with easing sell pressure and positive technical indicators, despite months of decline and underperformance of Ethereum ETFs.

Ethereum rose above 3% following crypto market anticipation of a 50-basis-point Fed rate cut. Ethereum looks like a potential contrarian bet for now, says Bitwise official. Ethereum could rally 17% toward $2,