• bitcoinBitcoin (BTC) $ 82,486.00
  • ethereumEthereum (ETH) $ 1,803.15
  • tetherTether (USDT) $ 0.999485
  • xrpXRP (XRP) $ 2.06
  • bnbBNB (BNB) $ 590.71
  • usd-coinUSDC (USDC) $ 0.999888
  • solanaSolana (SOL) $ 116.51
  • dogecoinDogecoin (DOGE) $ 0.159988
  • cardanoCardano (ADA) $ 0.646980
  • tronTRON (TRX) $ 0.236494
  • staked-etherLido Staked Ether (STETH) $ 1,801.15
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 82,347.00
  • the-open-networkToncoin (TON) $ 3.59
  • leo-tokenLEO Token (LEO) $ 9.44
  • chainlinkChainlink (LINK) $ 12.80
  • usdsUSDS (USDS) $ 0.999788
  • stellarStellar (XLM) $ 0.258658
  • wrapped-stethWrapped stETH (WSTETH) $ 2,143.30
  • avalanche-2Avalanche (AVAX) $ 18.11
  • suiSui (SUI) $ 2.23
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • hedera-hashgraphHedera (HBAR) $ 0.162345
  • litecoinLitecoin (LTC) $ 82.81
  • mantra-daoMANTRA (OM) $ 6.40
  • polkadotPolkadot (DOT) $ 4.04
  • bitcoin-cashBitcoin Cash (BCH) $ 297.39
  • bitget-tokenBitget Token (BGB) $ 4.48
  • ethena-usdeEthena USDe (USDE) $ 0.999147
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
  • wethWETH (WETH) $ 1,800.26
  • wrapped-eethWrapped eETH (WEETH) $ 1,904.67
  • whitebitWhiteBIT Coin (WBT) $ 27.62
  • pi-networkPi Network (PI) $ 0.576748
  • moneroMonero (XMR) $ 211.06
  • hyperliquidHyperliquid (HYPE) $ 11.69
  • uniswapUniswap (UNI) $ 5.83
  • daiDai (DAI) $ 0.999709
  • aptosAptos (APT) $ 5.04
  • susdssUSDS (SUSDS) $ 1.05
  • nearNEAR Protocol (NEAR) $ 2.49
  • pepePepe (PEPE) $ 0.000007
  • okbOKB (OKB) $ 46.10
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 82,412.00
  • tokenize-xchangeTokenize Xchange (TKX) $ 33.57
  • gatechain-tokenGate (GT) $ 21.81
  • crypto-com-chainCronos (CRO) $ 0.095945
  • ondo-financeOndo (ONDO) $ 0.812413
  • mantleMantle (MNT) $ 0.748947
  • internet-computerInternet Computer (ICP) $ 5.13
  • ethereum-classicEthereum Classic (ETC) $ 16.14
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.993387
  • aaveAave (AAVE) $ 151.81
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.16
  • cosmosCosmos Hub (ATOM) $ 4.61
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • vechainVeChain (VET) $ 0.021690
  • official-trumpOfficial Trump (TRUMP) $ 9.12
  • bittensorBittensor (TAO) $ 210.04
  • filecoinFilecoin (FIL) $ 2.73
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 82,268.00
  • fasttokenFasttoken (FTN) $ 4.05
  • render-tokenRender (RENDER) $ 3.27
  • kaspaKaspa (KAS) $ 0.064478
  • ethenaEthena (ENA) $ 0.314298
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.189492
  • celestiaCelestia (TIA) $ 2.75
  • algorandAlgorand (ALGO) $ 0.178645
  • sonic-3Sonic (prev. FTM) (S) $ 0.473378
  • arbitrumArbitrum (ARB) $ 0.307605
  • kucoin-sharesKuCoin (KCS) $ 10.37
  • solv-btcSolv Protocol SolvBTC (SOLVBTC) $ 81,928.00
  • eosEOS (EOS) $ 0.828816
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.434516
  • optimismOptimism (OP) $ 0.696796
  • jupiter-exchange-solanaJupiter (JUP) $ 0.391133
  • story-2Story (IP) $ 4.34
  • binance-peg-wethBinance-Peg WETH (WETH) $ 1,803.24
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 1,876.05
  • makerMaker (MKR) $ 1,250.24
  • nexoNEXO (NEXO) $ 1.05
  • xdce-crowd-saleXDC Network (XDC) $ 0.065224
  • usdt0USDT0 (USDT0) $ 1.00
  • movementMovement (MOVE) $ 0.390012
  • binance-staked-solBinance Staked SOL (BNSOL) $ 121.48
  • worldcoin-wldWorldcoin (WLD) $ 0.756058
  • rocket-pool-ethRocket Pool ETH (RETH) $ 2,038.26
  • blockstackStacks (STX) $ 0.579367
  • dexeDeXe (DEXE) $ 15.17
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00
  • bonkBonk (BONK) $ 0.000011
  • usual-usdUsual USD (USD0) $ 0.997682
  • immutable-xImmutable (IMX) $ 0.467508
  • injective-protocolInjective (INJ) $ 8.45
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999427
  • flare-networksFlare (FLR) $ 0.013180
  • sei-networkSei (SEI) $ 0.164198
  • the-graphThe Graph (GRT) $ 0.082832
  • theta-tokenTheta Network (THETA) $ 0.785711
  • tether-goldTether Gold (XAUT) $ 3,126.34
  • paypal-usdPayPal USD (PYUSD) $ 0.999904
  • lido-daoLido DAO (LDO) $ 0.821446
  • solv-protocol-solvbtc-bbnSolv Protocol SolvBTC.BBN (SOLVBTC.BB) $ 81,477.00
  • wbnbWrapped BNB (WBNB) $ 591.56
  • mantle-staked-etherMantle Staked Ether (METH) $ 1,915.32
  • pax-goldPAX Gold (PAXG) $ 3,122.77
  • walrus-2Walrus (WAL) $ 0.544199
  • curve-dao-tokenCurve DAO (CRV) $ 0.515699
  • tezosTezos (XTZ) $ 0.647226
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 82,311.00
  • galaGALA (GALA) $ 0.015009
  • berachain-beraBerachain (BERA) $ 6.05
  • the-sandboxThe Sandbox (SAND) $ 0.262152
  • usdx-money-usdxStables Labs USDX (USDX) $ 1.00
  • jito-governance-tokenJito (JTO) $ 2.01
  • bittorrentBitTorrent (BTT) $ 0.00000063
  • zcashZcash (ZEC) $ 38.15
  • kaiaKaia (KAIA) $ 0.104527
  • iotaIOTA (IOTA) $ 0.163513
  • bitcoin-svBitcoin SV (BSV) $ 30.41
  • flowFlow (FLOW) $ 0.367403
  • msolMarinade Staked SOL (MSOL) $ 148.79
  • stargate-bridged-usdc-berachainStargate Bridged USDC (Berachain) (USDC.E) $ 1.00
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 1,875.84
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.82
  • flokiFLOKI (FLOKI) $ 0.000055
  • honey-3Honey (HONEY) $ 0.999705
  • raydiumRaydium (RAY) $ 1.78
  • heliumHelium (HNT) $ 2.77
  • true-usdTrueUSD (TUSD) $ 0.998191
  • ethereum-name-serviceEthereum Name Service (ENS) $ 14.94
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 128.09
  • jasmycoinJasmyCoin (JASMY) $ 0.010008
  • pyth-networkPyth Network (PYTH) $ 0.133299
  • beldexBeldex (BDX) $ 0.069305
  • dydx-chaindYdX (DYDX) $ 0.614773
  • resolv-usrResolv USR (USR) $ 0.999806
  • pendlePendle (PENDLE) $ 2.93
  • bridged-usdc-polygon-pos-bridgeBridged USDC (Polygon PoS Bridge) (USDC.E) $ 0.999915
  • pumpbtcpumpBTC (PUMPBTC) $ 80,742.00
  • infrared-beraInfrared Bera (IBERA) $ 6.07
  • grassGrass (GRASS) $ 1.65
  • sonic-bridged-usdc-e-sonicSonic Bridged USDC.e (Sonic) (USDC.E) $ 0.997477
  • decentralandDecentraland (MANA) $ 0.240452
  • olympusOlympus (OHM) $ 27.32
  • coredaoorgCore (CORE) $ 0.446931
  • kavaKava (KAVA) $ 0.409429
  • axie-infinityAxie Infinity (AXS) $ 2.73
  • telcoinTelcoin (TEL) $ 0.004725
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 1,915.02
  • elrond-erd-2MultiversX (EGLD) $ 15.21
  • apenftAPENFT (NFT) $ 0.00000043
  • spx6900SPX6900 (SPX) $ 0.457885
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 82,328.00
  • clbtcclBTC (CLBTC) $ 83,728.00
  • compound-governance-tokenCompound (COMP) $ 47.14
  • roninRonin (RON) $ 0.670466
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.159919
  • wormholeWormhole (W) $ 0.089735
  • usdbUSDB (USDB) $ 1.00
  • ousgOUSG (OUSG) $ 110.54
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 1,800.81
  • conflux-tokenConflux (CFX) $ 0.080343
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 1,800.51
  • fartcoinFartcoin (FARTCOIN) $ 0.403615
  • hashnote-usycHashnote USYC (USYC) $ 1.05
  • starknetStarknet (STRK) $ 0.135858
  • thorchainTHORChain (RUNE) $ 1.11
  • super-oethSuper OETH (SUPEROETHB) $ 1,799.86
  • chilizChiliz (CHZ) $ 0.040846
  • ecasheCash (XEC) $ 0.000019
  • dogwifcoindogwifhat (WIF) $ 0.383844
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.10
  • arweaveArweave (AR) $ 5.80
  • tbtctBTC (TBTC) $ 82,250.00
  • reserve-rights-tokenReserve Rights (RSR) $ 0.006505
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 1,882.47
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 0.557889
  • saros-financeSaros (SAROS) $ 0.136679
  • plumePlume (PLUME) $ 0.180458
  • apecoinApeCoin (APE) $ 0.440147
  • fraxFrax (FRAX) $ 0.998898
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 1.00
  • beam-2Beam (BEAM) $ 0.006557
  • trust-wallet-tokenTrust Wallet (TWT) $ 0.819902
  • matic-networkPolygon (MATIC) $ 0.189794
  • neoNEO (NEO) $ 4.70
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 1,786.16
  • axelarAxelar (AXL) $ 0.346063
  • binance-peg-busdBinance-Peg BUSD (BUSD) $ 1.00
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 1,788.33
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000058
  • cheems-tokenCheems Token (CHEEMS) $ 0.000002
  • layerzeroLayerZero (ZRO) $ 2.85
  • aerodrome-financeAerodrome Finance (AERO) $ 0.387534
  • justJUST (JST) $ 0.031173
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.004830
  • gnosisGnosis (GNO) $ 116.12
  • solayerSolayer (LAYER) $ 1.45
  • based-brettBrett (BRETT) $ 0.030221
  • usddUSDD (USDD) $ 0.999127

Ethereum Price Could Still Reclaim $4,000 Based On This Bullish Divergence

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Ethereum Price Could Still Reclaim $4,000 Based On This Bullish Divergence

The Ethereum price appeared to be finally gearing for a strong bullish breakout after multiple weeks of disappointing and sluggish action. However, this bullish dream ended almost immediately after it started as nearly $1.5 billion worth of ETH tokens were drained from the ByBit exchange.

Ethereum, which traded as high as $2,840 earlier on Friday, February 21, dropped towards $2,600 on the back of news of the ByBit hack. Interestingly, recent on-chain data suggests that the altcoin’s price could still make its way to $4,000 before the end of this cycle.

Could ETH Price Still Record A 60% Rally This Cycle?

In a Quicktake post on the CryptoQuant platform, an analyst with the pseudonym Crypto Sunmoon identified a particular bullish divergence that offers insight into the Ethereum price performance in the near future. This bullish observation is based on recent movements of ETH’s “taker buy/sell ratio” across all exchanges.

This metric measures the taker buy and taker sell volumes for a specific cryptocurrency (Ethereum, in this case). When the taker buy/sell ratio is greater than one, it implies that the taker buy volume is higher than the taker sell volume. This is typically considered a bullish signal, indicating the willingness of investors to pay a higher price for an asset.

On the contrary, a less-than-one taker buy/sell ratio indicates that sellers are overwhelming the buyers in the market. This scenario suggests that more sellers are willing to offload their assets at a lower price, signaling a bearish shift in investor sentiment.

Ethereum Price Could Still Reclaim $4,000 Based On This Bullish Divergence

Crypto Sunmoon noted that the 100-day exponential moving average (EMA) of the Ethereum taker buy/sell ratio on all exchanges has been rising in recent weeks. The Ethereum price, on the other hand, has been declining since mid-December.

According to the analyst, this divergence is positive, as it indicates that a bearish trend has ended and an upward trend could be starting. The last time this bullish divergence occurred, the Ethereum price traveled from beneath $2,500 to above $4,000 (over 60% rally).

While investors would view a reclaim of $3,000 as a victory for Ethereum, history and this bullish divergence suggest that the altcoin’s price could still climb toward the $4,000 mark before the end of the current cycle.

Ethereum Price At A Glance

As of this writing, the price of Ethereum stands around $2,650, reflecting a nearly 4% decline in the past 24 hours.

Featured image from iStock, chart from TradingView

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