World Crypto Global Official Site | ethereum recovery

Author: Rubmar Garcia

Ethereum Trading In No Mans Land, But Analyst Says Breakout Is A Matter Of Time

Ethereum (ETH) continues failing to reclaim the $2,100 resistance, dropping 6% in the past week. As the second largest crypto trades within its make or break levels, some market watchers suggest it will continue to move sideways before another major move. Related Reading: ACT Memecoin Crashes 50% As Several Altcoins Suddenly Tank On Binance Whats Going On? Ethereum Trades At 2023 Levels After closing its worst Q1 since 2018, Ethereum continued moving sideways, hovering between the $1,775-$1,925 price range. Amid last Mondays recovery, Ethereum traded only 6% below its monthly opening, eyeing a potential positive close in the monthly timeframe. Nonetheless, the cryptocurrency fell over 10% from last weeks high to close the first quarter 45.4% below its January opening and 18.6% from its March opening. Moreover, it registers its worst performance in seven years, recording four consecutive months of bleeding for the first time since 2018. Daan Crypto Trades noted that ETH is still trading in no mans land despite its recent attempts to break above its current range. In early March, Ethereum dropped below the $2,100 mark, losing its 2024 gains and hitting a 16-month low of $1,750. The trader suggested that the crucial levels to watch are a breakdown below $1,750 or a breakout above $2,100. Anything in between is just going to be a painful chop, he added. Another market watcher, Merlijn The Trader, highlighted that ETH is at 2021 levels, pointing that it is trading within the breakout zone that led to Ethereums all-time high (ATH) but has stronger fundamentals and more institutional demand four years later. ETH is sitting on the same monthly support that ignited the 2021 bull run. Hold it, and $10K is in play. Lose it and things get ugly, he detailed. More Chop Before ETHs Next Move? Analyst VirtualBacon considers that Ethereum will continue to trade within its current price range for the time being. He explained that ETHs price has fallen to retest the last bear market resistance levels, as it has erased all its gains since November 2023. The analyst considers this zone a good value range but doesnt expect the cryptocurrency to break out right away. However, he added that a bullish breakout is simply a matter of time in longer timeframes. Ethereum always catches up when the Fed pivots and the global liquidity index beings to uptrend. Thats when you see the ETH/BTC ratio start to turn up again, leading the rest of the altcoin market, he concluded. Related Reading: Is Bitcoin (BTC) Poised For A Q2 Recovery? Analyst Points To 2017 Similarities Ali Martinez pointed out that the number of large ETH transactions has significantly declined in over a month, dropping 63.8% since February 25. During this period, large transactions fell from 14,500 to 5,190, signaling a drop in whale activity on the network. He also noted that whales have sold 760,000 ETH in the last two weeks. As of this writing, Ethereum trades at $1,903, a 6% drop in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

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Ethereum Shows 4H Bearish Divergence Can Bulls Hold $1,750?

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Apr 29, 2025 12:05

Ethereum Shows 4H Bearish Divergence Can Bulls Hold $1,750?

Ethereum is now facing a critical test as it trades within a tight range, sitting below the $1,850 resistance and above the $1,750 support. After a strong recovery from the $1,400 level earlier this month, bulls have managed to stabilize price action, but the real challenge is now unfolding. To confirm a sustainable bullish structure, Ethereum must decisively reclaim the $2,000 level in the coming days. Related Reading: Solana Will Face A Pivotal Moment In May Bear Market Bounce Or Bull Market Dip? Market sentiment remains cautious as Ethereum consolidates below resistance while macroeconomic uncertainty continues to weigh on risk assets. Top crypto analyst Big Cheds shared insights on X, highlighting a technical concern: Ethereum is displaying a 4-hour bear divergence on the On-Balance Volume (OBV) indicator, along with an upper shadow structure. With volatility expected to rise and traders closely watching for a breakout or breakdown, the coming sessions could define Ethereums trend for the next several weeks. Bulls need to act quickly to maintain momentum and prevent bears from regaining control. Ethereum Battles Resistance As Bulls Try To Keep Control Ethereum is starting to show early signs of a bullish structure on low time frames, giving bulls hope for a broader recovery. After pushing from the $1,400 local low, ETH has managed to hold above key moving averages and consolidate within a tight range. However, the market remains highly cautious, and selling pressure could increase quickly if bulls fail to reclaim higher levels. Momentum has shifted in Ethereums favor over the past few days, and several analysts are calling for a potential massive breakout if key resistance levels are breached. A confirmed breakout above $1,850 could open the door for a swift move back to the $2,000 psychological level. Nevertheless, risks remain elevated, and an opposing bearish view suggests that Ethereum could revisit the $1,300 zone if bulls lose control. Ched’s critical insights point out that Ethereum is forming a 4-hour bearish divergence on the On-Balance Volume (OBV) indicator. This, combined with the appearance of an upper shadow on local structure, signals weakening buying pressure. According to Cheds, a short position could be triggered if Ethereum loses the $1,750 support zone, which would confirm a breakdown from the current consolidation pattern. Related Reading: SUI Shows Relative Strength Against Bitcoin New Uptrend In Play? Technical Details: Key Levels To Change Structure Ethereum is trading at $1,815 after days of tight consolidation and modest upward movement. Bulls have managed to defend the $1,750-$1,800 support range, but the real test remains ahead. To shift the broader bearish structure into a confirmed bullish trend, Ethereum must reclaim the $2,100 level. Without this breakout, any rallies are likely to be seen as temporary relief within a broader downtrend. Holding above the $1,800 level is critical in the coming days. A firm base above this zone would help build strong demand and create the conditions needed for a sustained recovery rally. Bulls are gaining some short-term momentum, but they still face a market clouded by macroeconomic uncertainty and cautious sentiment. Related Reading: Ethereum Reclaims Local Range Against BTC Can Bulls Target The Range High? If Ethereum fails to maintain support at $1,750, downside risks will grow rapidly. Breaking below this zone could trigger a sharp sell-off, likely sending ETH toward the $1,500 mark. As the market shows signs of strength, Ethereums next move will be decisive. It will determine whether it can join a larger recovery trend or continue struggling within a volatile and uncertain environment. Featured image from Dall-E, chart from TradingView

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Ethereum Recovers To $2,800 As Exchange Outflows Near $1 Billion

Author: Keshav Verma

United Kingdom

Source: NewsBTC

Feb 06, 2025 12:05

Ethereum Recovers To $2,800 As Exchange Outflows Near $1 Billion

Ethereum has made a recovery to $2,800 during the past day as on-chain data shows the whales have been making massive withdrawals from exchanges. Ethereum Exchange Outflows Spiked After Price Crash According to data from the market intelligence platform IntoTheBlock, investors reacted to the latest crash in the Ethereum price by making outflows from exchanges. The on-chain indicator of relevance here is the “Exchange Netflow,” which keeps track of the net amount of the cryptocurrency that’s entering into or exiting the wallets associated with all centralized exchanges. Related Reading: Ethereum Leverage Elevated Despite Long Squeeze, Glassnode Says When the value of this metric is positive, it means the holders are depositing a net number of coins into these platforms. As one of the main reasons why investors transfer to the exchanges is for selling-related purposes, this kind of trend can be a bearish sign for the asset’s price. On the other hand, the indicator being negative suggests the outflows outweigh the inflows and a net number of tokens is moving out of the exchanges. Such a trend can indicate that the investors are accumulating, which is something that can naturally be bullish for ETH. Now, here is a chart that shows the trend in the Ethereum Exchange Netflow over the past year: As is visible in the above graph, the Ethereum Exchange Netflow observed a massive negative spike yesterday after the crash in the asset’s price took place. In total, the investors withdrew 350,000 ETH (worth around $982 million at the current exchange rate of the token) from the exchanges in this outflow spree. “This is the highest amount of net exchange withdrawals since January 2024!” notes the analytics firm. Given the timing of the outflows, it would appear likely that they were made by whales looking to buy Ethereum at cheap post-crash prices. The accumulation from the investors has in turn helped the cryptocurrency reach a bottom and make some recovery. Related Reading: Indicator That Foreshadowed XRPs 14% Crash Gives Buy Signal For Solana The Exchange Netflow could now be to keep an eye on in the coming days, as the upcoming trend in it might also influence the ETH price. Naturally, a continuation of the outflows would be a positive sign, while an increase in inflows could spell a bearish outcome. In some other news, the number two stablecoin by market cap, USDC, has seen its transaction count shoot up recently, as IntoTheBlock has pointed out in another X post. “USDC is becoming increasingly popular, with the number of daily transactions increasing by over 119% in the last year!” says the analytics firm. Stablecoins can end up acting as fuel for volatile assets like Ethereum, so increased activity related to them can be a good sign for the market. ETH Price At the time of writing, Ethereum is floating around $2,800, down more than 11% over the last seven days. Featured image from Dall-E, IntoTheBlock.com, chart from TradingView.com

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Ethereum Indicator Flashes Buy Signal On The Weekly Chart Potential For A Rebound?

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Feb 15, 2025 12:05

Ethereum Indicator Flashes Buy Signal On The Weekly Chart Potential For A Rebound?

Ethereum has been struggling below the $2,800 mark for weeks, unable to reclaim it as support and spark a recovery rally. This critical resistance level has kept bulls at bay, leaving the price action stagnant and fueling negative sentiment in the market. Analysts call for a bearish continuation, citing Ethereums inability to break through key supply zones. The broader market uncertainty and the persistent selling pressure have only added to concerns, making investors increasingly cautious about Ethereums short-term prospects. Related Reading: Cardano Echoes 2020-2021 Pattern Is A Parabolic Rally On The Horizon? However, not everyone is bearish. Some investors remain optimistic that Ethereum could soon enter a recovery phase. Top analyst Ali Martinez recently shared a technical analysis revealing that Ethereum might be showing signs of a potential rebound. Martinez noted that the TD Sequential indicatora widely used tool for identifying potential trend reversalshas flashed a buy signal on the weekly chart. This indicator, known for its accuracy in pinpointing moments of trend exhaustion, suggests that Ethereum could be nearing a turning point. As Ethereum consolidates at current levels, the coming weeks will be crucial in determining its next move. Will the buy signal lead to a rally, or will bearish sentiment dominate? For now, all eyes are on the $2,800 mark and whether Ethereum can reclaim it. Ethereum Prepares For A Rebound After last weeks dramatic sell-off, Ethereum plummeted from $3,150 to $2,150 in less than two days, shaking the confidence of investors and leaving the market in turmoil. Although the price has since recovered strongly, climbing back into the $2,600$2,700 range, Ethereum has struggled to reclaim key supply levels, keeping bearish sentiment alive. The road to recovery remains challenging, with ETH needing to break above the $3,000 mark to signal a reversal of the current bearish trend. Top analyst Ali Martinez has provided some hope for Ethereum bulls, sharing positive data on X that suggests a potential rebound may be on the horizon. According to Martinez’s technical analysis, Ethereum is showing signs of recovery as the TD Sequential indicator flashes a buy signal on the weekly chart. The TD Sequential, a well-respected tool in technical analysis, is specifically designed to identify moments of trend exhaustion and signal potential price reversals. A buy signal on the weekly chart is a particularly strong indicator, suggesting that ETH could be nearing a critical turning point. Related Reading: Avalanche Shows Signs Of Recovery As Key Indicator Flashes A Buy Signal Details If Ethereum manages to step above the $3,000 mark and reclaim it as support, it would confirm a trend reversal and could spark a rally into higher price levels. However, until this key level is breached, uncertainty remains, and bearish pressure could still dominate. For now, the market is watching closely to see if Ethereum can capitalize on these positive signals and regain its footing. The coming weeks will be crucial in determining whether ETH can shake off its bearish trend and resume a path toward recovery. ETH Price Testing Crucial Supply Ethereum is currently trading at $2,695, consolidating after days of ranging between $2,525 and $2,795. The market remains indecisive, with both bulls and bears waiting for a breakout in either direction. Bulls face the critical challenge of reclaiming the $2,800 level as support to gain momentum and push the price toward $3,000. A move above $3,000 would confirm a recovery rally and potentially mark the beginning of a bullish phase for Ethereum. However, the current price levels are crucial to maintaining a recovery phase. Sustaining the $2,600 support level is essential for bulls to build confidence and attract more buying pressure. Losing this level could disrupt the recovery momentum and spark a deeper correction, pushing ETH into lower demand zones that could see it retest levels below $2,500. Related Reading: Can Bitcoin Hold $97K? 1-3 Month Holders Data Reveals Crucial BTC Demand The next few days will be pivotal for Ethereum’s short-term direction as it continues to hover near key levels. If bulls succeed in reclaiming $2,800 and pushing above $3,000, it could attract renewed interest from buyers and fuel a rally into higher supply zones. Conversely, failure to hold current levels could give bears the upper hand, leading to increased selling pressure and further price declines. For now, Ethereum remains in a critical consolidation phase. Featured image from Dall-E, chart from TradingView

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