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golden crossover is itself a strong signEthereum (ETH) recently experienced a pause in its upward trend movement, having reached a high of $3,970. This consolidation period came on the heels of a spectacular 25% increase in its price, which was triggered by a breakout from a bullish pattern of a descending triangle pattern on the daily chart. Despite a minor pullback from its recent peak, ETH is now nearing a significant hurdle level at $3,750. Should Ethereum (ETH) manage to surpass and maintain above this hurdle point, it could probably display a bullish trend to resume, which could potentially leading to additional gains. Meanwhile, the technical tools on the daily chart largely hints at a positive outlook. The price has been above the 200-day EMA that implied that the bullish momentum may continue in the long term. Moreover, the ongoing 50-day and 200-day EMAs golden crossover is itself a strong sign of an favourable long-term trend. Conversely, the MACD exhibited a bearish crossover, indicating some caution to keep. The RSI has declined below the 50 level and the 14-day SMA, that shows a momentary weakening in momentum. For confirmation of a sustained upward trend in ETH, it would be wise to observe the RSI's recovery above the median line (DYOR).
BITSTAMP:ETHUSDLong
by Yash_Jain_1309
RSI having fallen below the 50 level Ethereum (ETH) has recently experienced a halt in its upward movement, having reached a high nearly of $3,974. This period of consolidation came on the heels of an impressive 25% increase in its price value, which was triggered by a breakout from a descending triangle pattern on the daily chart. Despite a minor pullback from its peak, ETH is now nearing a significant resistance level at $3,780. Should ETH manage to surpass and maintain above this resistance, it could probably indicate a bullish trend to resume, potentially leading to additional gains. Meanwhile, the technical indicators on the daily chart largely suggest a positive outlook. The 50-day EMA has provided support, that implied that the bullish momentum may continue. Moreover, the ongoing golden crossover between the 50-day and 200-day EMAs is itself a strong signal of a optimistic long-term trend. Conversely, the MACD showed a bearish crossover, highlighting some caution to keep (DYOR). The RSI having fallen below the 50 level and the 14-day SMA, that suggests a momentary weakening in momentum. For confirmation of a sustained uptrend, it would be prudent to observe the RSI's recovery above the 50 mark. Critical support levels for ETH are identified at $2,800 and $3,100, while resistance levels to consider are at $3,600 and $3,980. The interaction between these technical indicators and price points will be key in ascertaining the future direction of ETH.
BITSTAMP:ETHUSDLong
by Yash_Jain_1309
Ethereum Could Retrace $3300 If Looms Below This Interesting ZonEthereum Could Retrace $3300 If Looms Below This Interesting Zone The daily ETH/USD chart highlights the formation of an interesting chart pattern. Ethereum crypto has been under selling pressure for the last couple of weeks A breakdown could add on the losses dragging the price near the $3300 level. The Ethereum price seemed to be retreating from the highs in the last couple of weeks. The bears seemed to be returning back after a short bull run. The broader crypto market also seemed to be cooling down in the last month of the 1st half. However the recent saw the Ethereum price stabilizing near a 50 day Exponential moving average. Also, the daily chart witnessed the formation of an interesting pattern. At the time of writing, the Ethereum price was hovering close to $3507 recording a moderate gain of 0.40%. Furthermore, The analysts assume one more dip before a possible breakout of the correction phase. Also, there has been a significant development in the daily active addresses in the recent sessions. Ethereum Crypto: Daily Active Address On the Rise! Ethereum price saw almost 7% drop in the price this month which may increase if the bearish pressure extends. Despite the price drop, there has been a significant development in the active addresses count in the recent sessions. As per the data obtained by a financial website app.santiment.net, the daily active addresses and 7-day active addresses count have reported a positive growth despite the price drop. The daily active address count has increased from 400.8K in the 1st week of June to 468K. whereas, the 7 day active address count has jumped from 21.8 million to 2.47 Million. The active address count reveals the number of unique addresses which are involved in transactions over a given period of time. An increased count in the active addresses generally indicate a possible price surge. Analysts Anticipate One more Dip in ETH! The daily ETH/USD chart highlights the formation of a symmetrical triangle pattern with the price currently resting near the psychological $3500 level. Any breakdown could further drag the price towards the next major supply of $3300. On the contrary, if the price surpasses the upper trendline resistance of the pattern, it may indicate a breakout of the correction phase. On the higher side breakout, the bulls may look to surpass the upper levels of $3700 and $3800. The technical indicator RSI as well as the 14 day SMA line has dropped below the mean line indicating weakness on the charts. Conclusion. Ethereum price has been declining in the last couple of weeks, however, the number of daily and weekly active addresses has risen, suggesting increased network activity which could hint at a future price increase. Moreover, The ETH/USD chart shows the formation of a symmetrical triangle pattern, with the price near the key $3500 level. A drop below this could lead to a decrease towards $3300, while a rise above could signal an end to the correction phase and a potential increase towards $3700-$3800. The RSI and 14-day SMA indicators suggest current market weakness, as both have fallen below the mean lines.
COINBASE:ETHUSDShort
by Ritika_TCR
Ethereum Overcomes SEC Hurdle: Is a Price Recovery on the HorizoEthereum Overcomes SEC Hurdle: Is a Price Recovery on the Horizon The Enforcement division of the SEC has notified of closing their investigation into Ethereum 2.0. Ethereum price surged over 2.03% in Intraday and was exchanging hands close to $3552. The 50 day Exponential moving average seemed to be acting as a dynamic support. Ethereum price gained traction and surged over 2.03% following the announcement of SEC's conclusion of its investigation into Ethereum 2.0. The conclusion of SEC investigation marks a major in for ETH, confirming that sales of ETH are not considered as securities transactions. The investors and community are rejoicing following the announcement by the SEC to close the investigation. The Ethereum price surged over 2.03% and was currently hovering close to $3551. Let's analyze whether ETH may continue to correct more or it might look to secure new heights in the upcoming sessions. Ethereum Secures A Major Victory As SEC Concludes Investigation! Ethereum has achieved a notable triumph as the Enforcement division of the U.S. securities and Exchange commission has announced the conclusion of its probe into Ethereum 2.0, according to a tweet by blockchain company Consensys. ETHEREUM SURVIVES THE SEC.Today we’re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0. This means that the SEC…— Consensys (@Consensys) June 19, 2024 The SEC's resolution indicates that it will not pursue any allegations that ETH sales constitute securities transactions, as clarified by Consensys. Whales Offloading Ethereum From Major Exchange! As per a tweet by spot on chain on X, a significant Ethereum investor known as whale has transferred 16,604 ETH, worth over $58.6 million, out of Binance, averaging a price of $3,600 over the last 19 sessions. This big whale withdrew 16,604 CRYPTOCAP:ETH (~$58.6M) from #Binance at an avg price of $3,600 in the past 19 days!The whale’s last actions were to accumulate 5,603 CRYPTOCAP:ETH ($19.7M) ~ 1hr ago, after the #SEC permanently suspended their investigation into #Ethereum.Follow @spotonchain and… pic.twitter.com/TYeLwLsWns— Spot On Chain (@spotonchain) June 19, 2024 Moreover, This investor's most recent activity involved acquiring an additional 5,603 ETH, totaling around $19.7 million, following the SEC's definitive suspension of its Ethereum inquiry. Can Ethereum Reclaim Highs Again? The daily chart reveals the Ethereum price turning around from the lows after the SEC suspended their investigation. it might be interesting to note whether the ETH price receives a follow through or not. The 50 day EMA has been actively working as a dynamic support and trying to retain the price above it. Now, if the bullish bias follows through in the upcoming sessions and the ETH is above the $3705 mark, it may indicate a bullish reversal in the short term. On the higher side, ETH investors may target a $4089 level flowing the end of a correction phase above the $3700 level. On the flip side, if the bears make a comeback and the price looms below the $3468, it may head for a correction again. Conclusion. Ethereum price surged over 2.03% after the SEC concluded its Ethereum 2.0 investigation, affirming ETH sales aren't securities transactions. This conclusion by SEC has rejoiced the community, developers and investors. Moreover, The daily chart shows Ethereum rebounding post-SEC decision, with potential for further momentum. The 50-day EMA is providing support, suggesting a bullish reversal if prices stay above $3705. furthermore, if the price surpasses the $3700, it could attain targets near $4089. On the other side, a drop below $3468 might signal another correction. Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
COINBASE:ETHUSDLong
by Ritika_TCR
ETH/USD Ready to Break $4000? Key Levels to WatchEthereum (ETH) is gearing up for a significant move, but first, it needs to overcome the substantial liquidity wall at $3700. This level poses a critical resistance that must be cleared before we can set sights on the $4000 mark. If ETH can break through $3700 with strong volume, the path to $4000 becomes much more attainable. However, there's a possibility of a pullback to form a double bottom before making a decisive breakout.
BINANCE:ETHUSD.P
by crypto_vulture_signals
Whales Moving Ethereum Off The Exchanges: A Bullish Wave On The Whales Moving Ethereum Off The Exchanges: A Bullish Wave On The Horizon? The top 100 Wallets on exchanges have slumped to a 2018 low value of 8.41 Million ETH while the top 100 non exchange wallets have jumped to record high of 68.39 Million ETH. Ethereum price made a bounce back after falling below the $3400 level and 50 day EMA. The broader crypto markets including the market leaders Bitcoin and Ethereum, are experiencing a rollercoaster ride in the last couple of weeks. Ethereum price has witnessed a correction from $3900 level and has retraced the $3400 level. However the 50 day EMA seems to be acting as a dynamic support as the price has taken a bounce back. Moreover, there has been a notable shift in the balance of top 100 exchange wallets which has dropped to a multi year low. while, the top 100 non exchange wallets have recorded an all time high holdings. Whales Offloading Ethereum from Exchanges! With the dramatic changes in the broader crypto markets these days, a notable shift in the on-chain metrics was observed. As per the data obtained from a financial website app.santiment.net, the holdings of the top 100 Ethereum wallets have dropped to a 2018 low value of 8.41 Million Ethereum. 🐳 The top 100 Ethereum wallets on exchanges recently fell below its May, 2018 all-time low, now at 8.41M total CRYPTOCAP:ETH . This is a sign of increasing distribution over time.Meanwhile, the top 100 non-exchange wallets tell the opposite story, holding an all-time high 68.39M CRYPTOCAP:ETH . pic.twitter.com/OS0t4ByaNQ— Santiment (@santimentfeed) June 14, 2024 On the contrary, the aggregate holdings of top 100 non exchange wallets have surged to a record high of 68.39 Million ETH. It indicates the shift of Ethereum from exchange wallets to non exchange wallets. Typically, large-scale holders, often referred to as 'whales,' transfer their assets out of exchange wallets into other types of wallets when they do not foresee a significant market sell-off and prefer to retain their holdings for a certain duration. Such movements by whales withdrawing their holdings out of exchange wallets generally have a favorable effect on the market price Is Ethereum Preparing For A Potential Rebound? The Ethereum price has taken a rebound from the 50 day EMA indicating the presence of bulls near it. Whales are moving their holdings to non exchange wallets indicating their intention to hold it for a significant duration. Moreover, The upcoming launch of Ethereum ETF could probably boost the demand which may help the ETH price to rise. The reduced supply on exchanges may further enhance the price. As per the price action analysis, sustained move above the $3700 could mark the end of a correction and the Ethereum price may resume its journey towards the major $4000 level. Conversely, the price might be at the risk of falling towards the $3300 until it is maintained below $3700 level. Conclusion. The broader crypto market including the major players Bitcoin and Ethereum has been highly volatile in the recent sessions. Ethereum price corrected from $3900 to $3400 however got support near the 50 day EMA suggesting bullish sentiment. Data from app.santiment.net shows a significant shift of Ethereum from exchange to non-exchange wallets thus decreasing the supply at the exchanges. This move by whales implies a long-term holding strategy. The potential launch of an Ethereum ETF and reduced exchange supply could further drive up prices. ETH price recovery above $3700 may signal an end to the correction phase and a push towards $4000, while staying below $3700 risks a drop towards the $3300. Disclaimer The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
COINBASE:ETHUSDLong
by Ritika_TCR
ETH to form a pullback situation and riseEthereum's open interest is $6.38 Billion. As per Coinglass, another crypto analysis website, it rose by 1.63% in the previous session. The long versus short ratio for 24 hours is 0.9814. The short liquidation is $7.34 Million versus $14.69 Million for the long liquidation. What Can Ethereum Price Prediction (ETH) Be, Based On Technical Analysis? An analyst, Yoddha, optimistically states that Ethereum is one of the most bullish altcoins and has already traded above the previous yearly high. He also highlighted the drawing where he presented that in the last time cycle, when the previous high was breached around 2020, the price boomed and formed a new peak. So, By the shared drawing, the analyst highlights a possible bullish run. Similarly, based on the analyst tweet, the ETH asset daily chart shows that it has remained above the 50-day and 200-day EMAs, portraying bullish strength in the long term. The past price structure shows that ETH has been trying to form a pullback for a more significant rally after breaking out of the wedge. The buyers are showing support buildup at the $3500 support level. At press time, the price has traded at $3512 with an intraday surge of +1.28%, with a market capitalization of $421.72 Billion. The volume-to-market cap ratio currently stands at 3.32%, signifying low liquidity, and the market needs more liquidity for a higher ascent. Likewise, despite the fall, the MACD portrays that the price is still bullish territory, above the zero line at 21.5, in a safer zone until it's above the 200-day EMA. The RSI flashed at 45.54, signifying low strength in the momentum, as it has been trying to sustain around 50 median lines. Based on technical tools, the Ethereum crypto could become winning steam by forming a bullish cross and rsi moving above(DYOR). It could continue to climb higher in future sessions. Ethereum Price Forecast! Therefore, for ETH to form a pullback situation and rise, the next goal for the ETH price could be to reach the above levels, such as $3720 and $3900. On the contrary, if the price plunges and trades below the 50-day EMA, then the pullback situation would fail, ETH would lose its bullish significance, and the price would seek lower support in search of a perfect spot to form a pullback. Likewise, in this scenario, if the Ethereum crypto price fails to stay above the $3260 level, it could also decline further to $3060.
BITSTAMP:ETHUSDLong
by Yash_Jain_1309
Chainlink Shiba Inu Ethereum Chainlink (LINK) had been in a decline mode from the $19 resistance and has declined above 20% in the last 14 days. At press time, it has traded at $15.379 with an intraday gain of 1.63%. Shiba Inu (SHIB) is down by 30% in the last 14 days after facing a decline from $0.00002950. At press time, it has traded at $0.00002163 with an intraday gain of 1.75%. Ethereum (ETH) has plummeted from the $3960 peak resistance and its price has been down by more than 9%. At press time, it has traded at $3517.1 with an intraday surge of 1.40%.
BITSTAMP:ETHUSDLong
by Yash_Jain_1309
ETH analysisSupport and resistance—the yin and yang of crypto trading. Let’s dive into the mystical world of ETH (Ethereum) and decipher its price moves like seasoned sorcerers. 🧙‍♂️ Support Spells: These are the invisible safety nets beneath ETH’s feet. When the price stumbles, they whisper, “Fear not, hodler!” Here’s where they lurk: $3,120 Zone: A cozy spot where ETH sips chai and says, “I shall not fall further!” $3,165: The 100-hourly Simple Moving Average—ETH’s trusty sidekick. Resistance Enchantments: These are the force fields above ETH’s head. They fend off bullish ambitions. Look up, my friend: $3,280 Zone: The gateway to moonland. If ETH breaks through, fireworks! $3,800: The mystical number where resistance dances. It’s like a bouncer at a VIP party. Pivot Point Potions: The magical average of high, low, and close prices. Imagine a cauldron stirring: PP (Pivot Point): The center of the spell circle. R1 (1st Resistance): Twice the PP minus the low—ETH’s secret weapon. S1 (1st Support): Twice the PP minus the high—ETH’s safety cloak. Remember, fellow crypto wizards, ETH’s journey is full of twists. So grab your wands (or trading apps) and chant, “Bull or bear, we ride together!” 🚀🔮 #CryptoMagic #ETHPrice #FinancialSorcery
COINBASE:ETHUSD
by vkfincare09
ETH Price Did Not Benefit from the Ether ETF News: Here's WhyETH Price Did Not Benefit from the Ether ETF News: Here's Why Despite the U.S. approval of several ether exchange-traded funds, Bitcoin (BTC) and Ether (ETH) experienced a downturn in their prices over the last 24 hours. The Ethereum crypto dropped by 4% post-approval, epitomizing the classic "sell the news" market reaction. The broader crypto markets including the market leaders Bitcoin (BTC) and Ethereum (ETH) experienced a decline in value amid the positive news approval of Ether ETFs to be listed on the U.S. exchanges. Following the approval, Ether price saw a decline of 4%, reversing a previous 20% increase over a week driven by the anticipated approval and favorable forecasts for the ETFs' listing. Despite the positive news about the approval of spot Ether exchange-traded funds (ETFs) in the United States, the BTC and ETH witnessed a sharp fall. Let's try to look into the activities that led to the selloff and how it was possible to anticipate the fall. A large Chunk Of ETH Transferred to Exchanges Significant transfers of ETH to cryptocurrency exchanges had captured the market's focus in the past. This move sparked discussions about possible profit-taking, adjustments in investment portfolios, or market speculation. Over the last couple of weeks, exchanges saw an influx of over 242,000 CRYPTOCAP:ETH into their wallets, signaling a surge in trading activities that could lead to heightened market fluctuation. Looking at #Ethereum’s balance on exchanges reveals a spike in the tokens available to sell. Over the last two weeks, over 242,000 CRYPTOCAP:ETH have moved to #cryptocurrency exchange wallets. This indicates increased trading activity on exchanges that can contribute to price… pic.twitter.com/vOxV3pkmJq— Ali (@ali_charts) May 24, 2024 Moreover, as per a tweet by Ali Martinez, a technical and on-chain analyst, Jeffrey Wilke, a co-founder of Ethereum, had moved 10,000 CRYPTOCAP:ETH , valued at approximately $37.38 million, to the Kraken exchange. All these flows of Ethereum from different wallets to the cryptocurrency exchange wallets indicated the intention of the large players aiming to book profits amid the ETF news. The large investors seemed to have taken advantage of the news to rebalance their portfolio thus turning the ETF approval a sell the news event. What’s Next For Ethereum? Now that the news has shaken the Ethereum price, it's time to analyze the price chart about what lies ahead for the ETH ahead. as per the daily chart the recent support lies near $3600 above which the bulls may look to defend in the short term. Moreover, on the higher side, the $3850 may act as a supply zone and act as a hurdle for the bulls on the higher side. The price action seems to be sideways and range bounded until the crypto is maintained in these levels.
COINBASE:ETHUSDLong
by Ritika_TCR
1
Will It open the doors to new all-time high pricesAs of press time, Ethereum has traded at $3,812.6 with a market cap of $457.62 Billion. Ethereum’s price is approaching high-time-frame resistance at $4050, and surpassing would lead it toward $4700. after passing the all-time high of $4700, which was built in November 2021, could open the doors to new all-time high prices. On the contrary, situation, if the price faces resistance from the nearest resistance, then the price could test the support levels at $3240.0, and $2850.0.
BITSTAMP:ETHUSDLong
by Yash_Jain_1309
Depends On ETH ETF Approval, Will It Go parablic Like BTCIn terms of an ETH ETF approval, the simple math from the dates of BTC ETF approval and how it performed. The BTC ETF was approved on January 10th, and It could be asserted that in the 63 days following the BTC spot ETF approval it rallied nearly 75% to the upside towards $73,500. Similarly, as per the hypothesis, if the ETH ETF gets approved by SEC, and on applying the similar possible scenario, if this playbook repeats the same percentage upside that bitcoin exhibited, after its approval this would take ethereum to a price at $6,446 in 63 days time.
CRYPTO:ETHUSDLong
by Yash_Jain_1309
A Technical Overview Of ETH Ethereum has a market cap of $446 Billion and is ranked 2nd in the crypto verse. The volume of the ETH has surged by 255% in the last 24 hours. The price of ETH has observed a rise of 20% in the last 24 hours. ETH rise is speculated due to the upcoming approvals of the Spot ETF. ETH is forming strong bullish candles on the daily chart. It is trading above the 50,100 and 200 EMA while looking to cross the new highs. The upside momentum of Ethereum can see a halt near $4000. Meanwhile, the support of the asset price can be observed near $3500 The RSI of ETH is currently at 71 with the strong positive slope suggesting its presence in the oversold zone. The overall sentiment of RSI and MACD are bullish on the daily chart.
COINBASE:ETHUSDLong
by Ritika_TCR
breakout rallies stronglyThe Ethereum price has displayed remarkable fluctuations, initially favoring bulls but shifting to bears. However, recent developments highlight a shift back to bullish sentiment, with a 1.00% rise in price and positive growth in 24-hours trading volume with a 32.59% optimism. An analyst, Redblack officials, Tweeted with the bullish sentiment on X platform, that a breakout has taken place out of a falling wedge pattern on the daily chart. Similarly, based on the analyst tweet, the ETH asset daily chart shows that it has been increasing from support and it remains above the 200-day EMAs, which portrays bullish strength in the long term. Likewise, the MACD portrays a bullish cross, with a rising histogram in ETH at -27.0, and the RSI flashed at 51.48. It portrayed that the crypto is not a losing steam yet and could continue to climb higher in future sessions. Therefore, if the breakout rallies strongly, then the next goal for the ETH price could be to reach the levels above, such as $3355.0 and $3725.0. On the contrary, the tweet also stated that if the price plunges and trades inside the pattern again, the bullish pattern would lose its significance and would be invalid. Likewise, in this scenario, if the Ethereum crypto price fails to stay above the $2855.0 level, it could decline further,as well.
BITSTAMP:ETHUSDLong
by Yash_Jain_1309
#Ethereum Super Bullish Elliott Wave Analysis Towards $10,000#Ethereum Super Bullish Elliott Wave Analysis Towards $10,000 Target 1️⃣ ((C)) Zigzag Pattern: On the ETH/USDT 1D chart at the cycle degree, wave ((C)) of a Zigzag pattern appears to be unfolding. The projected target for this wave is $3,250. 2️⃣ Diagonal Wave 4: On the $ETH1D chart at the primary degree, Wave 4 down of an ascending Diagonal is currently in progress. The anticipated target for this corrective wave is $3,050. 3️⃣ Diagonal Wave [ ]: On the #ETH 1D chart at the Supercycle degree, Wave [ ] of an ascending Diagonal seems to be developing. The projected target for this significant wave is between $9,000 and $10,000. Please Correct if I'm Wrong & Must Appreciate if you Happy with My Analysis. Thank you Family. Stay informed with our detailed technical analysis.
GEMINI:ETHUSDLong
by CryptoPatel
#Ethereum Eyes Retest: #ETH/USDT Key Levels to Monitor#ETH/USDT situation, focusing on the potential retest levels due to decreasing volume and the formation of a bearish shark pattern: #ETH/USDT Analysis: Decreasing Volume and Bearish Shark Pattern Indicate Potential Retest Levels ### Decreasing Volume Volume is a crucial indicator of market strength. When the price of an asset rises while the trading volume decreases, it often suggests that the upward momentum is losing steam. In the case of ETH/USDT, the decreasing volume indicates that the buying pressure is weakening, which may limit the potential for reaching higher price targets. ### Bearish Shark Pattern The bearish shark pattern is a harmonic pattern that signals a potential reversal or correction in the price of an asset. This pattern typically consists of five points labeled as O, X, A, B, and C, and follows specific Fibonacci retracement and extension levels. For ETH/USDT, the formation of a bearish shark pattern suggests that the price is likely to face resistance and could be due for a retest at lower support levels. The bearish shark pattern, combined with the decreasing volume, strengthens the case for a potential pullback. ### Potential Retest Levels Given these technical indicators, ETH/USDT might retest certain key support levels: 1. **Retest Around $3,030** - This level has acted as a significant support in recent trading sessions. If Ethereum's price retraces, it is likely to find initial support around $3,030. If the price manages to hold at this level, we might see a temporary bounce or consolidation. 2. **Retest Around $3,025** - If the $3,030 support level fails to hold, the next critical support level to watch is around $3,025. This level has historical significance and could act as a stronger support. A retest at this level would be crucial in determining whether ETH/USDT will stabilize or continue its downward trend. #Conclusion #ETH/USDT is currently showing signs of potential weakness with decreasing volume and the formation of a bearish shark pattern. Traders should be prepared for possible retests at $3,030 and $3,025. Monitoring key technical indicators and market sentiment will be crucial for making informed trading decisions during this period.
BINANCE:ETHUSD.P
by crypto_vulture_signals
MACD exhibits a bullish crossAn analyst captain Faibik on Tweeted with bulliosh sentiment on X platform, that a breakout is anticipated in wedge pattern and it could send it to $4000 price mark. Similarly, on observing the analyst tweet, the ETH asset daily chart depicts that, it has been rising steadily and firmly, from support as it remains above the major 200-day EMAs, indicating bullish strength on the long term. Likewise, the MACD exhibits a bullish cross, with a growing histogram in ETH at -42.9, and the RSI flashed t 52.70, which has been signifying that the asset is not losing its steam yet and could continue to climb higher in future sessions. Therefore, if the breakout persists, the next goal for the ETH price could be to reach the above levels, such as $3350.0 and $3720.0. However, if the Ethereum crypto price fails to stay above the $2850.0 level, it could decline further.
BITSTAMP:ETHUSDLong
by Yash_Jain_1309
#ETH/USDT Rebound: Analyzing the Recent Price SurgeThe #ETH/USDT pair has recently displayed a bullish divergence, a key technical indicator suggesting a potential trend reversal. This divergence, coupled with the breakout of a significant trend line, has ignited bullish momentum in the market. Currently, the price is undergoing a retest of two critical levels at $3065 and $3220. The successful breach of these levels could pave the way for a new all-time high for Ethereum. One major catalyst for this bullish outlook is the anticipation of #ETF approval for Ethereum. If approved, this could attract significant institutional investment, further driving up the price of #ETH. It's essential to monitor price action around these levels closely, as a decisive move above them could signal a sustained bullish trend for Ethereum.
BINANCE:ETHUSD.PLong
by crypto_vulture_signals