Ethereum price eyes rebound to $2,150 as descending channel breakout nears

Ethereum price reclaimed the $2,000 level on Monday as investors priced in hopes of potential de-escalation in the ongoing conflict in the Middle East. Summary Ethereum price reclaimed the $2,000 level amid optimism over potential U.S.–Iran peace talks, easing geopolitical risk sentiment. Institutional developments supported gains, with BNP Paribas launching crypto-linked ETNs and the Ethereum…

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15-20% of the Global Fleet Running in the Red

Hash price collapse driven by BTC correction and record network difficulty leaves a significant fraction of miners in the red. The current hash price environment is squeezing Bitcoin miners’ profitability. CoinShares estimates that 15-20% of the global mining fleet is operating at a loss at the current hash price of $28-30 per PH/day. In…

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