Ethereum fractal hints at $3.3K as analyst says its 'go time' for ETH price
Ethereums bullish fractal pattern from 2021 consists of a five-point setup, which ETH is currently mirroring in 2024.
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Ethereums bullish fractal pattern from 2021 consists of a five-point setup, which ETH is currently mirroring in 2024.
Ethereum remains in a downward trend, with price action showing insufficient bullish momentum for a reversal. In the near term, the cryptocurrency is likely to enter a consolidation phase within a critical range, with mild bearish retracements seeming far more likely. Technical Analysis By Shayan The Daily Chart On the daily chart, Ethereum has been […]
Ethereums price has been trending lower over the past few months but has found support at a critical level. Meanwhile, the market is yet to demonstrate a bullish shift. Technical Analysis By Edris Derakhshi The Daily Chart On the daily timeframe, the asset has recently been rejected from the $2,700 resistance level and has gradually […]
Renowned analytical platform Santiment reported that both Chainlink and Ethereum have reached an all-time low in the 30-day and 365-day average of trading returns. In a recent post on X, the platform highlighted this considerable decrease in return, pointing out the current trends in these large cryptocurrencies. According to Santiment analysis, Chainlink and Ethereum trading […]
Ethereums price has been going through a frustrating consolidation period over the past few months following the prices failure to break above the $4,000 resistance level. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has recently rebounded from the $2,800 mark and rallied toward the $3,500 resistance level. However, the […]
Ethereums price has been consolidating after a significant crash a few weeks ago, making market participants hopeful that the price is creating a bottom. Technical Analysis By: Edris Derakhshi The Daily Chart On the daily chart, the price has gradually made higher highs and lows since rebounding from the $2,100 support level. Yet, the market […]
Ethereum has been facing significant resistance at the $2.8K level, which marks the lower boundary of a multi-month wedge pattern. The price action suggests that it might be completing a pullback, potentially driving the price down toward the $2.1K threshold. Technical Analysis By Shayan The Daily Chart Ethereum has been grappling with the multi-month wedge’s […]
Ethereum has entered a consolidation correction phase, retracing back toward the broken lower boundary of the multi-month wedge. This movement suggests a potential pullback to the previously breached level, indicating a likely continuation of the bearish trend in the upcoming days. Technical Analysis By Shayan The Daily Chart A closer examination of Ethereum’s daily chart […]
Following a sharp 37% decline, Ethereum encountered significant buying activity near the $2.1K support region, leading to a bullish rebound. However, the current price action suggests that ETH may be completing a pullback to the wedges lower boundary at $2.8K, which could signal a continuation of the bearish trend. Technical Analysis By Shayan The Daily […]
Ethereum has recently experienced increased selling activity, breaching the 100-day moving average and leading to a substantial decline toward the 200-day MA. Nevertheless, the price faces a significant support region, possibly leading to a temporary period of consolidation correction in the mid-term. Technical Analysis By Shayan The Daily Chart A close examination of the daily […]
Ethereums price is currently trapped inside a significant tight range, bounded by the 100-day moving average of $3364 and the 200-day moving average of $3212. A breakout from this range will determine its upcoming trajectory. Technical Analysis By Shayan The Daily Chart A close examination of Ethereum’s daily chart reveals that following a rejection near […]
Ethereum has recently faced a notable rejection and experienced a 13.3% decline after breaking above the 100-day moving average. The price is currently struggling to break below the 200-day MA, indicating a notable bearish sign if the breakout occurs. Technical Analysis By Shayan The Daily Chart A close examination of Ethereum’s daily chart reveals that […]
Following a revival in buying interest and demand, Ethereum’s price has surged, reclaiming the 100 and 200-day moving averages. This price action suggests a shift towards a potential rally, with buyers targeting a new yearly high in the mid-term. Technical Analysis By Shayan The Daily Chart A detailed analysis of Ethereums daily chart reveals that […]
Ethereum has recently seen an uptick in demand near a crucial support level, leading to a notable rebound above the 200-day moving average at $3,134 and reaching the 100-day MA. This price action highlights the potential for a bullish reversal if the price recovers above the 100-day MA of $3,342. Technical Analysis By Shayan The […]
Ethereums price has been dropping recently, following a second rejection from the $4,000 resistance level, and it has yet to recover. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been making lower highs and lows since failing to break the $4,000 level to the upside a while ago. The […]
Ethereums price has spiked significantly following its ETF approval. However, the market is yet to break its recent high. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price broke above the large descending channel back in May. However, it has been consolidating between the $3,600 and $4,000 levels since, failing to […]
This week, we take a closer look at Ethereum, Ripple, Cardano, Dogecoin, and Polkadot. Ethereum (ETH) Ethereum fell by 3% this week, and buyers appear to struggle to defend the key support at $3,500. So far, they have managed to prevent a breakdown. If sellers maintain the pressure, ETH could have a difficult week ahead. […]
After a bearish correction phase, the price has now reached a crucial support zone, defined by the 100-day moving average and the 0.5-0.618 Fibonacci levels. Given the strong demand at this juncture, a mid-term bullish rebound is looking likely. Technical Analysis By Shayan The Daily Chart A detailed examination of the daily chart reveals that […]
Ethereums rally has come to a halt, as the price has failed to continue above the $4,000 level once more. However, not all hopes for a new bull run are lost just yet. Technical Analysis By TradingRage The Daily Chart The price has been decreasing in the last two weeks based on the daily timeframe […]
This week, we take a closer look at Ethereum, Ripple, Cardano, Dogecoin, and Polkadot. Ethereum (ETH) Ethereum lost its bullish momentum this week and closed it with a 4.4% loss. Sellers took over the price action and pushed this cryptocurrency to the key support at $3,500. However, this pullback could turn out to be a […]
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