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With the crypto bull run gaining momentum, Ethereum inches closer to surpassing $2,500 despite crypto whales booking profits. With the…
The post Ethereum Rally Targets $2,795 Despite Whale Sell-Offs first appeared on The Crypto Basic.
Regardless of the Ethereum (ETH) price’s unappealing performance, the latest analysis from top crypto analysts in the space predicts that the asset might be on the verge of a parabolic rise. In a recent post uploaded on X, renowned crypto analyst Javon Marks has laid out an optimistic scenario for Ethereum, suggesting a potential price [...]
The post Is Ethereum Primed For Surge? Analyst Reveals Key Levels to Watch For A $8,100 Rally appeared first on Crypto Breaking News.
Ethereum price surged to $2,707 on August 8, bolstered by a wave of positive news from Brazil, the USA, and…
The post Ethereum Price Analysis: ETH on the Verge of $3,000 Breakout first appeared on The Crypto Basic.
Ethereum (ETH) is at a critical stage since it operates near significant price indicators, and influential personalities in the crypto sector have shown new confidence in the ETH revival. Ethereum seems to be exhibiting great stability after being recently affected by volatile markets, and such actions have led to speculations about its next move. In […]
An on-chain analyst from CryptoQuant identifies an important Ethereum trend that could trigger the next altcoin rally. CryptoQuant analyst SunMoon…
The post CryptoQuant Analyst Identifies Ethereum Trend that Could Trigger the Next Altcoin Bull Run first appeared on The Crypto Basic.
Ethereum price is trading at $2,700 on Aug 23, falling behind the likes of XRP and AVAX in terms of…
The post Ethereum Price Prediction: Whats Keeping ETH Below $3,000? first appeared on The Crypto Basic.
Anup Dhungana has explained Ethereum to be in a position for a rally from which one could gain insights into the movement of its price. He opines that such a rally may happen if specific resistance levels are breached as Bitcoin continues to exert market pressure. In one of the recent X posts, Anup Dhungana […]
The available quantities of Ethereum tokens on exchanges have hit a new level, sparking predictions of a possible price increase. …
The post Here is Why Ethereum Price May Shoot up Despite Major Declines first appeared on The Crypto Basic.
Ethereum, the second largest cryptocurrency by market cap has been experiencing a prolonged period of price correction, leaving investors and traders questioning when the crypto asset will regain its upward momentum. As a result, an analyst from CryptoQuant has analyzed ETH’s on-chain metric and is now suggesting that Ethereum might be nearing the end of [...]
The post Is Ethereum Finally Over the Slump? These 2 On-Chain Metrics Suggests a Bullish Turn appeared first on Crypto Breaking News.
The crypto market has been challenging, and Ethereum (ETH), the second-largest cryptocurrency, is no exception. Despite its dominant position, the token has faced significant headwinds in recent weeks, with its price showing no signs of a sustained recovery. Key Metrics Point To Continued Bearishness According to crypto analyst Ali Martinez, some of the largest Ethereum [...]
The post Ethereum Sees Major Outflow From Mega Whales ETH Price Drops Below $2,600 appeared first on Crypto Breaking News.
Amidst the general financial market crash in early August, Ethereum (ETH) lost about 30% of its value, falling to $2,226 per unit. Notably in the last few weeks, the prominent altcoin has shown much resilience climbing back into the $2,600 price region. Albeit, this recent price retracement is accompanied by much uncertainty on how long Ethereum can sustain such upward momentum. Commenting on this dialogue, CryptoQuant analyst ShayanBTC has postulated that Ethereum may likely resume its bearish course. Related Reading: Ethereum Price Wobbles As Inflation Sees 210,000 Added To Circulation Ethereum Price To Suffer From Sellers’ Dominance In a QuickTake post on Saturday, ShayanBTC shared that the Taker Buy/Sell Ratio indicated that Ethereum may be set for more price loss in the coming days. To explain, the Taker Buy/Sell Ratio is an analysis tool that gauges the balance between aggressive buying and selling activity. It is calculated based on the volume of taker buy orders and taker sell orders. As common with other indicators, a Taker Buy/Sell ratio above one suggests there is an upward market momentum with more aggressive buyers than sellers and a ratio below one represents a downward market pressure with the opposite scenario. According to ShayanBTC, after recently failing to surpass the $3000 price resistance, Ethereums Taker Buy/Sell Ratio declined drastically as evidenced by the assets price movement. As expected, the metric also experienced a rebound following ETHs recent price gains. Albeit, the Taker Buy/Sell Ratio could not rise above 1 staying in the zero region, which indicated a lack of sufficient buying pressure allows the sellers to retain market control. However, ShayanBTC reports that the TakerBuy/Sell Ratio has once again declined indicating that sellers are preparing to offload their assets, potentially causing an Ethereum price fall. The analyst calls for caution, stating that the ETH market will require a massive rise in demand to avoid resuming the downward price movement. Related Reading: Brace For Impact: Ethereum Price Could Plunge To $1,200 In December, Says Expert ETH Price Overview According to data from CoinMarketCap, Ethereum currently trades at $2,610 reflecting a minor 0.61% gain in the last day. However, the assets performance on larger time frames is still unimpressive with a decline of 23.93% in the last month. With persistent gains, the most prominent altcoin is set to encounter an early resistance at the $2,700 price region. If buying pressure proves sufficient, ETH could move past this barrier rising as high as $3,000. On the other hand, a massive selling pressure as indicated by the Taker Buy/Sell ratio can force the assets price as low as $2300. Featured image from Adobe Stock, chart from Tradingview
Crypto analyst Poseidon (@CryptoPoseidonn) has released a detailed price prediction for Ethereum (ETH). His analysis, delivered to his 123,000 followers on social media platform X, revolves around the pivotal $2,160-$1,900 price range which has historically served as a significant high-timeframe (HTF) support since the summer of 2021. ETH Price Analysis: $8,000 Is Possible If According to Poseidon, Ethereum recently retested what he describes as the “most crucial support level on the chart” after a significant breakout earlier in the year. This price zone has consistently acted as a key battleground for bulls and bears, making it a central focus of technical analysis. “Early in 2024, we broke out of this level, leading to a substantial price increase because this was the only resistance holding us back. Now, after 200 days, we are back at the same level, and for me, buying ETH here is an opportunity,” Poseidon detailed in his analysis. Related Reading: Bigger Risks More Returns: Ethereums Volatility Surpasses Bitcoins by 50%, Data Shows The resilience of the $1,900 support level is critical to Ethereum’s bullish outlook. A breach below this level without quick recovery would likely indicate a cycle top and could precipitate a drop to as low as $1,000, marking a significant reversal in the prevailing market trend. However, Poseidon assesses this risk as low, expressing confidence in the support’s reliability: “I find this scenario highly unlikely. I believe the price will bottom out in this range, marking a significant HTF low.” Looking forward, Poseidon sets conditional targets that rely on Ethereum reclaiming and stabilizing above certain price thresholds. Initially, ETH needs to breach the $3,000 mark, followed by $3,500, to set the stage for a potential rally to new highs. “If we manage to surpass $5,000, I think $7,000-$8,000 is realistic. Although I believe we could go much higher, anything above $8,000 would be risky for me to stay in longs. Id be extremely cautious and would sell quickly if the daily trend breaks down,” he stated. To justify these targets, Poseidon employs Fibonacci retracement levels, a common tool among traders for predicting potential reversals, support, and resistance levels based on prior market movements. These projections, however, are contingent on the market maintaining its structure without significant trend breaks. Related Reading: Ethereum Price Ready For 75% Breakout To $4,723, Heres Why The transition to a bullish market phase for Ethereum hinges on several key technical indicators. First, Ethereum needs to reclaim and hold the 200-day EMA to signal strengthening momentum. Second, the crypto asset must maintain support above the range low which is crucial for continued bullish sentiment. Third, overcoming the daily supply zone from $3,100 to $3,200 will likely test Ethereum’s resilience, which if successful, could solidify the asset’s upward trajectory. Poseidon elaborates on the challenges of this bullish flip, noting the current bearish sentiment and the difficulty of breaking above these resistance levels. “While were sitting at a strong weekly and monthly support level, were still in a downtrend. To confirm this level as the bottom, we need to shift the daily trend to bullish again.” Adding to his technical analysis, Poseidon highlights the H8 timeframe and its EMA200 as the “GOAT” (Greatest of All Time) for trend determination. “Ive studied the H8 EMA200 on ETH since 2018, compared it with other EMAs and timeframes, and I can confidently say that the H8 EMA200 is the GOAT,” he asserts. This particular timeframe and moving average provide a unique insight into shorter-term price movements and are key to Poseidon’s trading strategy. At press time, ETH traded at $2,753.90. Featured image created with DALL.E, chart from TradingView.com
Ethereum, the second-largest cryptocurrency by market capitalization, has started showing signs of a bullish trajectory. Particularly, according to insights from CoinSignals, a prominent crypto analysis platform, Ethereum is poised for a significant price rally. The platform suggests that Ethereum could see its value rise to between $12,000 and $15,000 shortly. This forecast is based on [...]
The post Ethereums Breakout Moment: Heres Why ETH Could Skyrocket to $15,000 Soon appeared first on Crypto Breaking News.
According to the long-term Ethereum price prediction, by the end of 2030, the ETH coin price is expected to reach a maximum level of $42,600 (+1,120%)
The post Ethereum Price Prediction: Is ETH a Good Long-Term Investment? first appeared on StealthEX.Ethereum ETFs (exchange-traded funds) began trading on Tuesday, generating significant volume within the first 2 hours of trading. Interestingly, the Ethereum ETFs ranked among the top 1% regarding ETF volume. Related Reading: Analyst Says Solana Price Will Surge 1,000% To $1,800, Heres When Ethereum ETFs Surpass Traditional Launch Volumes According to Bloomberg ETF expert Eric Balchunas, the ETH ETFs traded $361 million in the first 90 minutes on launch day, surpassing the typical volume seen at the launch of traditional ETFs. Blachunas said: Here’s where we at after 90 minutes. $361m total. As a group that number would rank them about 15th overall in ETF volume (about what $TLT and $EEM trade), which is Top 1%. But again compared to a normal ETF launch, which rarely see more than $1m on Day One, all of them have cleared that number and then some. Matthew Sigel, head of digital asset research at asset manager VanEck, highlighted the significance of these figures in the first hours of trading, noting that Ethereum ETFs saw more than 50% of trading volume compared to Bitcoin’s $610 million on day one, indicating strong investor interest in Ethereum. However, how these numbers will fare at the close remains to be seen. Bitcoin ETFs saw $4.6 billion in volume on their first day of trading in January, which may indicate the future performance of these newly approved index funds for the second-largest cryptocurrency on the market. ETHs Price Targets Soar Crypto analyst Doctor Profit shared a report highlighting a potentially massive parabolic move for Ethereum’s price this year in the wake of the expected inflows in the new Ethereum ETF market. While some anticipate a correction due to the “sell the news” phenomenon, Doctor Profit argues that the market has already factored in the ETF launch but has yet to consider the significant inflows of USD that will flood into the Ethereum ETFs. With Ethereum’s market cap being three times smaller than Bitcoin’s, Doctor Profit believes that every dollar invested in ETH is expected to have three times the price impact compared to Bitcoin, positioning Ethereum favorably for substantial price gains. Furthermore, the analyst contends that while Ethereum’s Grayscale ETH Fund sell pressure is comparable to the Bitcoin ETF launch, the impact is expected to be less severe. Related Reading: Helium (HNT) Rockets In Value With 41% Rally Heres Why Looking ahead, Doctor Profit has set expected price targets for Ethereum in the coming months, including a potential target between $4,500 and $5,500 by Q3 2024, indicating steady but modest growth. Moving into Q4 2024 and Q1 2025, the price range is expected to expand from $5,500 to $8,000. However, it is in Q2 2025 that Ethereum is expected to significantly jump, with price targets ranging from $8,000 to $14,000. At the time of writing, ETH is trading at $3,444, showing sideways movement with no significant change from yesterday’s price, despite the hype surrounding the launch of the ETF market. Featured image from DALL-E, chart from TradingView.com
As the highly anticipated launch of the first spot Ethereum ETFs in the United States nears, experts are predicting a significant price appreciation for the second-largest cryptocurrency in the market. Ethereum ETFs On The Horizon According to a recent Reuters report, the US Securities and Exchange Commission (SEC) could approve Ethereum ETFs as soon as [...]
The post Experts Bullish On Ethereum ETFs Launching July 4, Predicting Potential Surge Beyond $7,000 appeared first on Crypto Breaking News.
Popular crypto analyst degentrading (@degentradingLSD) has made a bold prediction that Ethereum will reach $6,000 by September 2024. This prediction comes in response to an analysis by Mechanism Capital founder Andrew Kang, who expects Ethereum to underperform despite the imminent launch of US spot Ethereum ETFs. Andrew Kang’s analysis projects a continued downtrend for ETHBTC, with the ratio expected to range between 0.035 and 0.06 over the next year. In his detailed thread on X, Kang expressed skepticism about Ethereums potential, despite the ETF launch being just days away. Why Ethereum Could Reach $6,000 By September Degentrading, however, presented a counter-argument in a thread on X. Degentrading begins by examining the change in CME open interest (OI) from pre-ETF days to the present, noting a substantial increase of approximately $5 billion. He explains, Pre-ETF, it was very onerous to perform cash and carry on CME due to margin requirements. Hence, the upper bound of basis trades is probably capped at that amount. This insight suggests that the advent of the ETF could significantly ease trading constraints, potentially unlocking a large influx of capital. However, he tempers this by discussing the challenges posed by the extinction of prime brokers like Genesis, which complicates spot borrowing as a hedge against CME futures longs. According to degentrading, Unless market makers can frequently charge a bid/ask spread, they are effectively locking in a loss. Therefore, the sheer amount of CME basis trades has to be a minority. I would peg the figure at $1-2 billion max. This leaves an estimated $7 billion in potential inflows, a figure he describes as highly dependent on assumptions. Related Reading: Ethereum (ETH) Records Surge In Active Addresses Incoming Price Rebound? Degentrading contrasts Ethereums position with that of Bitcoin, criticizing sentiments from analysts like Eric Balchunas. Nothing in traditional finance is as exciting as tech. Bitcoin has the branding of digital gold or millennial gold. Golds market cap is approximately $15 trillion, he notes. In contrast, Ethereum is seen as a decentralized global settlement layer or world computer, with the US stock market already valued at $50 trillion. This, he argues, sets a much higher ceiling for Ethereum. He further explains that in his discussions with traditional finance (tradfi) professionals, there is more enthusiasm for ETH and even SOL compared to BTC. People are much more excited about ETH or SOL for that matter. Hence, I would peg the inflow conversion rate at half of Bitcoins, which translates to about $3-4 billion into ETH, degentrading asserts. One of the key points in degentradings argument is Ethereums relative illiquidity compared to Bitcoin. He highlights that while Ethereum is roughly one-third the size of Bitcoin, its liquidity is only about 10% of BTC. This means that an influx of $3-4 billion will materially move ETH, he emphasizes. This illiquidity could lead to significant price movements with relatively smaller capital inflows. Addressing the markets current positioning, degentrading points out the overall bleak sentiment on Crypto Twitter (CT), viewing it as the best technical setup for Ethereum. He notes, On the cusp of the ETH ETF launch, you have people setting expectations for $500 million of inflows over six months. This is the BEST technical setup for ETH. Related Reading: 3 Reasons To Invest In Ethereum, 1 To Stay Bitcoin-Only: Bitwise CIO An important factor in degentradings analysis is the anticipated conversion of Grayscales Ethereum Trust (ETHE) into an ETF. He suggests that ETHE will likely face much less selling pressure compared to the Grayscale Bitcoin Trust (GBTC) due to a lesser lender overhang. ETHE will also likely face MUCH LESS selling pressure than GBTC because of the much lesser lender overhang, he notes. Impact Of Cash And Carry Trades Andrew Kang responded to degentradings analysis, highlighting the involvement of large funds like Millennium, which owns $2 billion of the ETF. Kang points out that such funds engage in basis trades and are not long-only investment funds. Millennium by itself owns $2 billion of the ETF. They are not a long-only investment fund. They do these types of basis trades. Thats only one fund from an old filing, Kang stated. Degentrading acknowledged this but emphasized the cost implications of holding a cash and carry position. He argued that the cost of holding such positions nets out significant amounts, which impacts the market makers profitability. On that thought, the cost of holding a cash and carry would net out $300 million to Millennium and cost the market maker that amount, implying that the delta is borne by a naked delta on the futures, degentrading retorted. At press time, ETH traded at $3,362.90. Featured image created with DALL·E, chart from TradingView.com
The ETH/BTC trading pair is forming a classic bullish reversal pattern similar to the one from 20192021, which led to 140% price gains for Ether.
Following the recent price spike that brought Ethereum (ETH) close to the $4,000 mark, the second-largest cryptocurrency has experienced inflows and renewed market enthusiasm. This comes in response to the US Securities and Exchange Commissions (SEC) approval of Ethereum ETF applications by major asset managers. Best Week For Ethereum Since March According to a report [...]
The post Ethereum Inflows Soar: Record Week With $69M As ETFs Near Trading Launch, Whats Next? appeared first on Crypto Breaking News.
Ethereum breaks $1,900 with a 5% jump. On-chain data supports a smooth climb to $2,000 and above.With Bitcoins price crossing above the $99,000 mark, Ethereum is gaining momentum. After topping the $1,900 mark, ETH registered a 24-hour high at $1,916. This marks a critical breakout, signaling a potential Ethereum bull run ahead. Will this surge of bullish momentum drive Ethereum to the $2,400 mark?Ethereum Price Analysis Signals Massive Breakout RunEthereum has surged nearly 5% today, forming a bullish engulfing candle and trading close to the $1,900 level. With a massive boost in buying pressure, Ethereum has surpassed the 50-day EMA at $1,853, marking the breakout of a long-standing support zone near $1,850.Ethereum Price ChartThe supply zone had kept bullish growth in check over the past couple of weeks. However, with the new bullish engulfing candle, the falling channel breakout rally in Ethereum, witnessed in late April, has finally begun.Noting the upside potential, the MACD and signal lines remain in positive territory, showing a new wave of bullish histograms. This reflects an increase in trend momentum, signaling a smoother rally ahead.The 23.60% Fibonacci level sets an immediate price target for Ethereum near the $2,000 psychological mark. However, the declining EMA lines suggest the next price targets are at $2,108 and $2,426.If the broader market maintains its bullish momentum, the breakout at the 23.60% Fibonacci level will likely push Ethereum to the $2,400 level.On the flip side, if buyers fail to hold the position, Ethereum could retrace to test the $1,600 mark.On-Chain Signals Clear Path to $2,000According to the global In/Out of the Money (GIOM) indicator by IntoTheBlock, Ethereum has shifted beyond the $1,858 zone. The newly formed in-the-money zone between $1,779 and $1,858 holds 7.65 million ETH owned by 7.35 million investors.As Ethereum enters a new zone extending from $1,858 to $2,039, the uptrend will likely experience a smoother journey to $2,000. In the at-the-money zone, 8.14 million investors hold 5.76 million ETH at an average cost of $1,927.IntotheBlockWhile the path to $2,000 appears smooth, the next "out of the money" zone, up to $2,492, contains a massive supply of 69.61 million ETH owned by 12.72 million investors. As a result, a potential pullback could occur once Ethereum crosses above the $2,000 mark.
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