Ethereum News: ETH Price Rises 4% Amid Fading Bullish Momentum

Ethereum (ETH) has seen a 4% price increase despite signs of weakening bullish momentum. Key indicators such as the Relative Strength Index (RSI) and Directional Movement Index (DMI) suggest that while ETH recently exhibited bullish strength, this momentum is now cooling off. The RSI for ETH has dropped to 54.8 from a peak of 68.9 just one day ago, signaling a potential shift in market sentiment. This article delves into the factors influencing ETH's price movement and what the future might hold for this leading cryptocurrency.

Ethereum (ETH) Price Increases 4% Despite Weakening Bullish Momentum

Ethereum (ETH) has experienced a 4% price increase, even as indicators suggest a weakening in bullish momentum. The Relative Strength Index (RSI) and Directional Movement Index (DMI) indicate that ETH recently showed signs of bullish momentum, but this strength appears to be fading. The RSI for ETH is currently at 54.8, down from a peak of 68.9 just one day ago, indicating a cooling off in bullish momentum. The future trend of ETH will depend on its ability to hold critical support levels and overcome nearby resistance zones.

Ethereum Price Forecast: Staking could spark ETH rally in 2025 as PostFinance launch stirs bullish sentiment

PostFinance AG, a Swiss state-owned bank, has launched an Ethereum staking service, allowing customers to earn passive income. This development has sparked optimism among investors, who believe it could lead to the approval of staking in Ethereum ETFs by 2025. Analysts from Standard Chartered and Bernstein predict that such an approval could significantly boost Ethereum's value, potentially reaching $14,000. Despite a 3% decline in Ethereum's price on Thursday, the overall sentiment remains bullish. For Ethereum to continue its upward trajectory, it needs to overcome resistance near its key Simple Moving Averages (SMAs) and reclaim the $3,550 and $3,770 levels.

Newly Created Wallet Withdraws $9.57M in ETH from Binance Post-CPI Data

A newly registered wallet has withdrawn 2,884 ETH, equivalent to $9.57 million, from Binance on January 16, 2025. This significant transaction occurred shortly after the release of the latest consumer price index (CPI) report, suggesting a shift in the crypto market towards accumulation. The wallet had previously received two transactions: an initial deposit of 0.1 ETH and the subsequent withdrawal of 2,884 ETH, both from Binance. At the time of the transaction, the price of Ethereum was approximately $3,334, indicating investor interest in ETH following the CPI data release.

Swiss Bank PostFinance Introduces Ethereum Staking for Passive Income

PostFinance, a Swiss bank, has launched Ethereum staking as part of its cryptocurrency services, enabling customers to earn passive income. This new feature, introduced on January 16, 2025, is a result of PostFinance's collaboration with Sygnum, a digital asset bank regulated by FINMA. The staking service requires a minimum deposit of 0.1 ETH and is integrated into the bank's existing app and e-finance systems, offering transparency and ease of access. This move marks a significant expansion of PostFinance's crypto services, providing customers with more opportunities to engage with digital assets.