‍Ether Price Correction: Analyzing Potential Bottom Zones Ether (ETH) has seen a sharp 30% decline in value over the past week, falling from $2,800 to a nine-month low of $1,740, now stabilizing around $1,900. This correction is attributed to a massive drop in futures activity, substantial liquidations, and significant institutional outflows from U.S. spot Ethereum ETFs, totaling $1.1 billion. Major holders, including Vitalik Buterin, have also reportedly sold off large ETH quantities. Analysts are closely watching key technical indicators. The breach of the 200-week SMA is a concern, and some data suggests potential support zones around $1,500, $1,300, and $1,000, with a robust historical accumulation zone near $1,200. The market remains cautious, awaiting signs of stabilization or further retracement.
Cryptovka
Ether Price Plunges 30% to $1,900: Analyzing Potential Bottom Zones
The second-largest cryptocurrency by market capitalization, Ether (ETH), has experienced a significant market correction, losing 30% of its value o...
‍IREN Stock Falls 18% Amid Investor Focus Shift to AI Deals The stock of Bitcoin mining firm IREN (formerly Iris Energy) saw an 18% decline after its latest earnings report. Bernstein analysts note that investors are now prioritizing the company's expansion into AI cloud infrastructure over its BTC production. The market reacted negatively to the lack of new, large-scale AI partnerships. IREN is transitioning its data center capacity to support AI workloads, aiming to diversify revenue. Key financial highlights include: AI cloud revenue doubling quarter-over-quarter, securing $2.3 billion in ARR contracts with a projection of $3.4 billion by Q4 2026. The company plans to integrate 140,000 AI chips by the end of 2026. Despite a dip in Bitcoin mining revenue, the growth in the AI sector signals a significant operational shift.
Cryptovka
IREN Stock Drops 18% as Investors Pivot Focus from BTC to AI Deals
The stock price of IREN, a prominent Bitcoin mining firm formerly known as Iris Energy, has experienced a sharp 18% decline following its latest ea...