Bitcoin

Ethereum

After a severe crash over the past 48 hours, the crypto market, led by Bitcoin (BTC) and Ethereum (ETH), rebounded strongly today. The total crypto market cap increased by about 5%, surpassing $2 trillion during the early Asian session on Tuesday.Ethereum saw a notable recovery, bouncing back from a crucial support level of around $2,171. It rose more than 10% to reach a daily high of about $2,547. Despite this rebound, the crypto market experienced significant volatility, resulting in approximately $633 million being liquidated in the past 24 hours.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/715458c8f228436480809a55ab2ef5f8.png" /><h3 id="ethereum-s-fear-and-greed-index-drops-but-whale-activity-signals-optimism">Ethereum’s Fear and Greed Index Drops, but Whale Activity Signals Optimism</h3>As the <a href="https://cryptosheadlines.com/why-japans-stock-market-crash-affects-crypto-prices/" rel="noopener noreferrer nofollow">crypto market crashed alongside major global stock</a> indexes on Monday, Ethereum’s fear and greed index plummeted to 17%, indicating extreme fear of further declines.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/33d64871fcb548fca956679f556c29b5.png" />Source: <a href="https://x.com/EthereumFear/status/1820610798521110777?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">X</a>Despite this, <a href="https://cryptosheadlines.com/ethereum-holders-increasingly-transferring-coins-to-centralized-exchanges-on-chain-data-reveals/" rel="noopener noreferrer nofollow">on-chain data</a> shows that whale investors have become more aggressive, seeing the downturn as an opportunity. For example, a whale withdrew 16,236 Ether, worth about $40 million, from the HTX exchange.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/a9eb592a089b4ec1b490ab0b2a123e66.png" />Source: <a href="https://x.com/spotonchain/status/1820632561770762456?ref_src&#61;twsrc%5Etfw" rel="noopener noreferrer nofollow">X</a>Looking ahead, the <a href="https://cryptosheadlines.com/make-or-break-week-for-crypto-markets-2023-outlook/" rel="noopener noreferrer nofollow">crypto market is expected to maintain a bullish outlook</a> in the fourth quarter, following a turbulent August and potentially September. Additionally, US-based spot Ether ETFs saw a net cash inflow of about $1.64 million on Monday, driven by VanEck’s ETHV and Fidelity’s FETH.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/715458c8f228436480809a55ab2ef5f8.png" /><h3 id="ethereum-set-to-hit-all-time-high-technical-and-fundamental-analysis">Ethereum Set to Hit All-Time High: Technical and Fundamental Analysis</h3>From a technical standpoint, Ethereum’s price against the US dollar is well-positioned to revisit its all-time high in the near term, supported by strong fundamentals.The large-cap altcoin, with a <a href="https://cryptosheadlines.com/exploring-fully-diluted-valuation-spike-spike-presale-insights/" rel="noopener noreferrer nofollow">fully diluted valuation</a> of about $302 billion, has been consistently forming macro higher highs and higher lows. These patterns are typical of a rising market and suggest that Ethereum could continue to gain momentum.<a href="https://cryptosheadlines.com/tether-usdt-hits-new-record-with-18-million-weekly-transactions/" rel="noopener noreferrer nofollow">Also Read: Tether (USDT) Hits New Record with 18 Million Weekly Transactions</a><img src="https://academy-public.coinmarketcap.com/optimized-uploads/8bde44fbccd14762aa8755ee5d35ce85.png" />Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.Join Cryptos Headlines <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">Community</a>Follow Cryptos Headlines on <a href="https://news.google.com/publications/CAAqBwgKMLz3-wowvuzoAg" rel="noopener noreferrer nofollow">Google News</a>

Why Is Ethereum Up 10% Today? Find Out Inside

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