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Ethereum (ETH) is experiencing a remarkable rise in value, breaking through resistance levels and setting the stage for a potential rapid increase. This shift in momentum marks a significant change from its earlier bearish trend as Ethereum transitions into a bullish phase. This positive development has not gone unnoticed, drawing substantial attention from analysts and investors who […]
Crypto expert Ali Martinez noted that the TD Sequential indicator signaled a buy sign on Ethereum’s (ETH) daily price chart. This signal hints at a potential price increase, possibly lasting one to four candlestick periods. It suggests ETH could experience a short-term rally in the next few days. At present, Ethereum’s price is $2,916.15. In […]
Ethereum’s recent performance has been catching the eye of market observers as it teeters on the brink of an upward surge. After dipping to $2,815, ETH staged a robust recovery, reaching $3,220. However, this momentum was short-lived, leading to a subsequent decline. Despite this setback, crypto analysts remain bullish on Ethereum’s prospects, identifying pivotal factors […]
Ethereum (ETH) has been under pressure recently, hit hard by extreme volatility and a wave of sell-offs that sent shockwaves across the broader crypto market. The second-largest cryptocurrency by market capitalization plunged below its key support level, crashing to a local low of $1,415, its lowest point in recent months. However, after a sharp downturn, […]
An Ethereum whale borrowed 15,000 ETH from Aave and sold it for 24.9 million USDT at about $1,660 per ETH. This move caused fear in the market and may show that big holders are becoming less confident in Ethereum’s price going higher. Most times, when whales decide to sell off a portion of their assets, […]
As the new week begins, Ethereum (ETH)the second-largest cryptocurrency by market capitalizationhas seen a significant decline, dropping nearly 10% below the critical support level of $2,500. However, amidst this downturn, prominent crypto analyst Doctor Profit has identified four compelling bullish indicators that suggest Ethereum may be poised for a resurgence, potentially inching closer to its all-time high and even surpassing it. Key Indicators Signal A Bullish Turn In a recent post on X (formerly Twitter), Doctor Profit shared insights from a detailed long-term analysis of Ethereum. He emphasizes that this evaluation is not about short-term hype or quick profits but focuses on the upcoming months. Right now, ETH is the best opportunity in the market, he stated, highlighting key indicatorstechnical, psychological, and on-chainthat support his bullish stance. Related Reading: Bitcoin Price Tumbles 5%Key Support Levels in Focus Doctor Profits analysis is grounded in extensive price action data, with a focus on high-timeframe signals that typically indicate significant market moves. Here are the four major indicators he outlined: The 200-week Exponential Moving Average (EMA) has historically served as a critical support level for Ethereum. During past market downturns, such as the COVID crash in 2020 and the bear market in 2022, the price has quickly rebounded after dipping below this key threshold. Given that a few weeks ago, the price was merely 4% from this support, the risk-reward ratio for potential investment is compelling. Doctor Profit estimates a possible move toward the $8,000 to $10,000 range, representing an approximate 200% upside, while the worst-case scenario offers a mere 20% downside. Doctor Profit Sees Potential For Major Ethereum Price Surge The analyst further highlighted that ETHs price has been trending within a long-term ascending channel, currently approaching its lower boundarya historically favorable entry point for investors. Doctor Profit anticipates a breakout from this channel in the coming months, targeting the $4,000 mark, a level that has faced multiple rejections. However, the analyst assures that each failed attempt brings the Ethereum price closer to a definitive breakout, with potential targets reaching as high as $8,000 to $10,000. One of the most significant patterns currently forming is the weekly ascending triangle. This pattern has been consolidating since 2020, indicating a robust bullish setup. Related Reading: Is Toncoin Building a Foundation for a Long-Term Comeback? Analyst Weighs In Doctor Profit notes that moves stemming from such patterns often lead to substantial price expansions, similar to recent trends observed in XRP. The implications of this formation suggest that Ethereum may be on the brink of a powerful upward movement. A substantial liquidity zone exists around the $4,000 region, aligning perfectly with both the anticipated breakout from the ascending channel and the ascending triangle. This concentration of liquidity could facilitate a strong market response, according to the analyst, propelling Ethereum through this critical threshold and triggering a significant upward movement. Despite the current bearish sentiment surrounding Ethereum, characterized by retail disinterest and high fear, Doctor Profit emphasizes that institutional accumulation is on the rise. Record inflows into Ethereum exchange-traded funds (ETFs) and significant on-chain withdrawals further indicate that larger investors are positioning themselves for future gains. ETH is currently trading at $2,420, down as much as 10% over the past 24 hours and over the past week. Featured image from DALL-E, chart from TradingView.com
Key Takeaways: Ethereum (ETH) is gaining momentum, with bullish signals fueling expectations for higher price targets. The cryptocurrency has been riding a positive price trajectory, supported by increased investor confidence and market activity. At the time of writing, ETH is trading at $3,991.66, reflecting a 2.41% increase in the past 24 hours. With a 24-hour […]
Ethereum (ETH) has recently demonstrated both its vulnerability and resilience, experiencing significant price movements that have caught the attention of market analysts and investors alike. The leading smart contract platform recently touched $4,106 before experiencing a substantial correction to $3,098, sparking intense discussion about its near-term trajectory. Ethereum Positioned Stronger Than 2020 Cycle Despite the […]
Ethereum (ETH) has shown resilience and given indications of upward momentum as 2025 is about to kick in. Though the cryptocurrency recently slipped 1.45%, with its current trading price at $3,859, ETH has been consistently holding above key support levels and flipping crucial resistance levels into support. This shows that the cryptocurrency is gearing up […]
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