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Ethereum is facing a bearish momentum as the price of the cryptocurrency continues to decline, with analysts sounding alarm. Stockmoney Lizards pointed out that Ethereums ascending support has been breached. With this structure, the analyst pointed towards the appearance of the double-top pattern that was highlighted earlier in 2021. He pointed out that for Ethereum […]
Why is Ethereum price down after the POS transition? Is POS insignificant? Let's analyze in this Ethereum prediction article before 2023.
Ethereum crashed by more than 38%. Can Ethereum crash to 1000 $ soon? Let's analyze in this Ethereum price prediction article.
Why is Ethereum price down after the merge? Will ETH crash to $1,000? Let's analyze in this Ethereum price analysis article.
Will Ethereum price crash further? Where will Ether prices reach if prices do not correct? Let's analyze in this Ethereum price prediction.
Ethereum down more than 6%, but might still be a good buy. Will Ethereum rebound soon? Let's analyze in this Ethereum price prediction.
In this article, we're going to analyze why is Ethereum price down and what will make Ethereum crash to $1,000 again.
What to do now with Ethereum? Should you sell Ethereum or is there any sign of recovery, and if so, when to sell Ethereum? Let's analyze ETH!
Will Ethereum price crash down or will Ethereum rebound higher in the coming days? Let's analyze in this Ethereum price prediction.
What will happen to Ethereum now that its prices broke $2,000 lower? Will Ethereum reach 0 $? Let's assess in this Ethereum price prediction!
The crypto market crashed again on the news of the Russia/Ukraine conflict. Ethereum was trying to recover from its bearish trend but failed to do so as most markets around the world started to crash. Currently, Ether prices are at a very strong support area that is considered a buy area for most investors and technical traders. Is it wise to buy Ether at the current price? Or will Ethereum price crash as the war developments in Eastern Europe continue? Let's tackle Ethereum and analyze as professional traders do!
Ethereum Price Crash 12%As soon as the war started to happen around 4 am European time on the 24th, Ethereum price crash along with the crypto market. In figure 1, we can see how prices were already in a downtrend. However, the crash happened very fast, and Ether prices crashed by more than 10% within 5 hours.
From the high of 3.2K, Ether reached again its low of the year 2022, which is a strong support area around 2.2K.
Fig.1 ETH/USD 4-hours chart showing the support and resistance area - TradingView Will Ethereum Price fall below 2K?It is clear in figure 1 that Ethereum prices have a strong support area of around 2.3K. As soon as prices hit this area, Ether prices recovered back to a current price of 2.45K. There are many buyers eyeing this specific price area. On the other hand, if prices manage to break lower towards 2.15K, consolidate below 2.3K and fail to recover, we might expect prices to fall below 2K.
The current situation shows a slight recovery in prices, but crypto investors who own ETH should be very wary of prices sliding downwards again.
Fig.2 ETH/USD 4-hours chart showing the potential break of the support - TradingViewethereum $10,000 insane bull run© Cryptoticker
The post Ethereum Price Crash again…Will ETH break BELOW 2K? appeared first on CryptoTicker.
Doomsday is officially here for Eastern Europe. This bad news surely resonated with the entire world. Russia entered Ukraninan borders after acknowledging two independent states in Ukraine. In turn, Russia decided to hold "military operations" and troops flooded inside the Ukrainian borders. How did the crypto crash react to such bad news? In this article, we're going to have a look at US equities, Bitcoin, and Ethereum prices. HINT: they didn't do so good!
The Equity market reacted negativelyMarkets directly took a hit in the US. The S&P 500 for example has already fallen by about 3%. We don't assume this is the end of the crash. A price loss of around 10% still seems not unlikely since the war has only just begun. The full war could escalate further, which is why we might see price losses of over 10%. However, this remains to be seen
Fig.1 SPX 1-day price Chart during Russia Ukraine war - TradingView Crypto crash - Bitcoin Price fell more than 8%Bitcoin was still considered on a downtrend ever since November 2021. Several attempts to reverse this downtrend occurred but in vain. After a consolidation just below 40K, BTC dropped 8% to a current price of 35K. Prices can still drop further towards 33K, the previous low of 2022.
Fig.2 BTC/USD 1-day price Chart during Russia Ukraine war - TradingView Ethereum Price Crashed more than 12%Ether prices crashed harder than Bitcoin. After breaking 3K and reaching a high of 3.2K earlier this month, prices retraced lower. This happened at the same time when Bitcoin breached 40K as well. The correlation in the 3K of Ether and 40K of BTC was clearly underlined since the beginning of 2022. At the current price of 2.3K, Ether prices are expected to drop lower towards 2K or even 1.8K if things get worse.
Fig.3 ETH/USD 1-day price Chart during Russia Ukraine war - TradingView ConclusionIn times of war and uncertainty, commodities tend to increase in prices. Gold for example was seen currently increasing in prices. Despite Bitcoin being called "Digital Gold 2.0", Bitcoin fell lower with equities instead. Is this saying still true? Is Bitcoin still a store of value or are there other alternatives today?
The current falling markets are just but a reaction to the news that is happening today. On the other hand, traders and investors sit on the sidelines to buy the dips again. Where will this dip reach? That's what everyone is discussing today.
Russia Ukraine War© Cryptoticker
The post Ukraine War Began and Crypto Crash -11%! Bitcoin/Ethereum Analysis appeared first on CryptoTicker.
An analyst has explained how Ethereum (ETH) could see its price crash to $1,700 if the support level of this technical analysis (TA) pattern fails. Ethereum Could Be In Danger Of Falling Under Ascending Channel Support In a new post on X, analyst Ali Martinez has discussed about where Ethereum could head next based on a pattern forming in its 12-hour price chart. The pattern in question is an Ascending Parallel Channel from TA, which, as its name implies, involves two parallel trendlines that are sloped upwards. Related Reading: Ethereum Recovers To $2,800 As Exchange Outflows Near $1 Billion When the asset is inside this channel, it goes through consolidation towards a net upside. The higher tops in its price trace the upper line of the pattern, while the higher lows draw the lower level. Like other TA patterns, the former line is assumed to act as a source of resistance in the near future and the latter as a point of support. Breaks out of either of these boundaries can imply a continuation of trend in that direction. The Ascending Parallel Channel isn’t the only parallel channel in TA. When parallel consolidation happens towards the downside instead, the formation is known as a Descending Parallel Channel. Neither of these are the most commonly observed type, though, as that title is held by the basic Parallel Channel, which has its trendlines parallel to the time-axis (that is, they have zero slope). Now, here is the chart shared by the analyst that shows the Ascending Channel that the 12-hour price of Ethereum has been trading inside for the last few years: From the graph, it’s apparent that the Ethereum half-day price saw a very brief retest of the Ascending Channel’s lower level recently. The coin found support then, but its value is still floating quite close to the line, meaning that another retest could potentially happen soon. The level is currently situated at $2,500. During the last few years, this line has continuously held for the cryptocurrency, so it’s possible that it may do so again in the near future. “If Ethereum $ETH holds above $2,500, it could rebound toward $4,000 or even $6,000,” notes Martinez. The former target is around halfway through the channel from the current mark, while the latter corresponds to the upper level. The last time that ETH topped out was near the former line. Related Reading: Chainlink Witnesses Highest Whale Activity Since 2023, Price Reversal Coming? “However, if $2,500 fails as support, the next target shifts to $1,700!” warns the analyst. From the current price of the coin, a crash to this target would mean a decrease of more than 39%. It now remains to be seen whether Ethereum will retest the lower level of the Ascending Channel again in the coming days or not. ETH Price At the time of writing, Ethereum is floating around $2,800, down more than 6% over the last seven days. Featured image from Dall-E, charts from TradingView.com
Ethereum (ETH) has witnessed its biggest liquidation in two years and this affect the crypto spac. Analyst Max pointed the bar at the event scale and a level of negative funding which is close to the one during the March 2020 Covid crash. Max believes that anyone who is able to go through this period […]
After the Bitcoin crash, another drop in the Ethereum price could follow in the coming days. Ether Price Crash Below $1,500?
Data shows the cryptocurrency derivatives market has suffered a high amount of liquidations in the past day as Bitcoin and other assets have crashed. Bitcoin, Ethereum Saw Notable Plunges During Past Day The last 24 hours have been red for digital assets, with a bulk of the market observing a drawdown of more than 5%. Bitcoin has been no exception, as its price has slipped under the $95,000 level. It was only a couple of days back that the asset had shown a sharp recovery above the $102,000 mark. The steep crash since then would suggest the investors didn’t believe the rally would have legs, so they decided to take their profits while they could. Related Reading: Less Than 1% Of Bitcoin Investors In Loss After BTC Reclaims $100,000 Ethereum, the second largest cryptocurrency by market cap, has had it even worse than Bitcoin, with its price coming down to $3,350 after a drop of almost 8% during the past day. With its plunge, Ethereum has basically retraced all the bullish momentum that had come with this new year of 2025. Bitcoin still retains some of its gains, but if the current trajectory continues, it wouldn’t be long before it meets the same fate as well. With all the carnage that the digital asset sector has seen, it would be expected that the derivatives side of the market would likewise have gone through some chaos. Crypto Longs Have Just Taken A Massive Beating According to data from CoinGlass, a mass amount of liquidations have piled up on derivatives exchanges during the past day. “Liquidation” refers to the forceful closure that any open contract undergoes after it has amassed losses of a certain degree (the exact percentage of which may differ between platforms). Below is a table that breaks down the relevant numbers related to the latest cryptocurrency liquidations. As is visible, a total of $689 million in contracts have been flushed in the last 24 hours. Out of these, over $609 million of the positions involved were long ones. This means an overwhelming 88% of the liquidations affected the traders betting on a bullish outcome for the market. Given the crash that the cryptocurrency sector has gone through during this window, it’s not exactly a surprise to see this disparity between long and short liquidations. Related Reading: Bitcoin Signal That Took Price From $69,000 To $108,000 Appears Again In terms of the contributions to the squeeze by the individual symbols, Bitcoin has interestingly not topped the charts this time around. Instead, Ethereum has been king with almost $152 million in liquidations. The fact that Ethereum’s drawdown has been more significant than Bitcoin’s has part to play in this, but it may not be the full story. It’s possible that the trend is an indication that the speculative interest around ETH has been particularly pronounced recently. Featured image from Dall-E, CoinGlass.com, charts from TradingView.com
To reach our Ethereum price prediction of $10,000, the price of ETH would need a 5x increase. Is this feasible in 2024?
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