The cryptocurrency market is broadly consolidating amid ongoing geopolitical tensions in the Middle East. Bitcoin (BTC) mirrors the lethargic sentiment, trading at around $104,572 at the time of writing on Wednesday.
Ethereum (ETH) is down 2% on Thursday following investors stepping up profit-taking after the top altcoin's 30% price jump last week. However, bulls are looking to weather the selling pressure, with over 640K ETH inflows into accumulation addresses.
Ethereum (ETH) saw a 1% decline on Friday as sellers dominated exchange activity in the past 24 hours. Despite the recent selling, increased inflows into accumulation addresses and declining net taker volume show a gradual return of bullish momentum.