THE LATEST CRYPTO NEWS

As Ethereum (ETH) trades steadily above the $3,300 mark, market analysts are beginning to predict a potential recovery that could reshape the altcoin landscape.  Currently trading at $3,321, ETH’s resilience has been notable, especially amidst a broader market correction led by Bitcoin (BTC). This recent downturn has tested ETH’s critical support level at $3,290, effectively preventing a decline toward the psychologically significant $3,000 barrier. Could Ethereum Reach $14,000 By March 2025? Crypto expert Crypto Rover has made headlines with his bold prediction that ETH is poised for an “explosion” in the first quarter (Q1) of 2025. His confidence is bolstered by historical trends observed in previous Bitcoin Halving years, particularly in 2017 and 2021, where ETH experienced substantial double-digit increases from January through March. In 2017, Ethereum recorded impressive monthly gains of 31.9% in January, 48% in February, and a staggering 214% in March. Similarly, in 2021, ETH saw significant gains of 78.5% in January, 8.4% in February, and 34.7% in March.  Related Reading: Bitcoin Reserve Idea Sparks Cautious Response From Japan PM: Report According to the expert’s analysis, these historical trends indicate that if Ethereum sustains its current price level for the rest of the year, it could experience a comparable path in 2025. Based on these historical figures and averages from the price increases between 2017 and 2021, it is possible that ETH might reach about $5,000 in January, around $6,400 in February, and by March, it could soar to $14,336 per token. Such increases would not only signify a recovery but also potentially triple Ethereum’s all-time high of $4,878 reached in November 2021. Beyond Ethereum, other altcoins such as XRP, Solana (SOL), Binance Coin (BNB), and even meme coins like Dogecoin (DOGE) are also expected to benefit from this market correction and consolidation.  Crypto Rover has also cautioned altcoin holders, stating, “Now is the worst time to sell. Our portfolios still have the potential to do a 10x from here. The next three months are going to be incredible.” Key Support Levels For ETH’s Price In addition to these bullish predictions, analyst Gabriel Maur has weighed in on Ethereum’s current price action, emphasizing key support levels between $2,800 and $2,900.  The analyst notes that the structure of support has transitioned into resistance, which, once broken, becomes a crucial support level. The upward trend indicated by the 55-period Exponential Moving Average (EMA) further supports the bullish sentiment. Related Reading: Bitcoin $90K Level Is Crucial For Bulls – Price Could Tag $79K If BTC Loses It As long as ETH remains above this critical support region on weekly closes, the probability of continued upward momentum stays in favor of buyers.  Maur identifies imminent targets of $4,093 and $4,868 (the previous all-time high), suggesting that if ETH closes above its all-time high, it may enter a price discovery phase with Fibonacci extensions indicating further upside potential. Featured image from DALL-E, chart from TradingView.com

Ethereum has faced challenges in regaining its bullish momentum, leaving the altcoin trading at a pivotal level. Ethereum is at the center of attention investors who anticipate a potential rally in the coming weeks. This optimism is fueled by expectations that Ethereum’s resurgence could mark the beginning of a long-awaited Altseason, bringing widespread gains across the altcoin market. Related Reading: Bitcoin Is Forming A Symmetrical Triangle – Can BTC Reclaim $100K? Top analyst Carl Runefelt recently shared a compelling technical analysis on X, highlighting Ethereum’s formation of a symmetrical triangle pattern in the 4-hour timeframe. According to Runefelt, this pattern is a classic precursor to a breakout, with a bullish target set above $3,980. Such a move would signal a strong return to upward momentum for Ethereum, reinforcing its position as a leading asset in the crypto market. Market participants closely monitor this pattern, as a confirmed breakout could catalyze a broader rally across altcoins. However, Ethereum must first conquer this critical level to solidify its bullish outlook. With the market at a crossroads, the coming weeks will be decisive for Ethereum’s trajectory and its role in sparking the next major phase of growth in the crypto market. Ethereum Prepares For A Rally  Ethereum has reclaimed the $3,000 mark, maintaining a strong position after weeks of consolidation. Currently, ETH is trading within a tight range, capped by resistance at $3,550. This critical zone has captured the attention of analysts and investors eager for Ethereum to break out and surpass its yearly highs, signaling renewed bullish momentum. Top analyst Carl Runefelt recently shared a detailed technical analysis on X, emphasizing the symmetrical triangle pattern forming on Ethereum’s 4-hour timeframe. According to Runefelt, this pattern suggests a high probability of a significant price move, though the direction remains uncertain. He forecasts a bullish target of $3,980 if ETH breaks upward from the triangle. This level would reaffirm Ethereum’s strength and likely inspire confidence among market participants. Conversely, if the pattern breaks downward, Runefelt predicts a retracement to $2,920, marking a critical test of Ethereum’s ability to hold key support levels. Related Reading: Solana Sees Consistent Capital Inflows Since 2023 – Liquidity Influx Signals Growth The upcoming days are expected to be pivotal for Ethereum as this symmetrical triangle nears its resolution. Whether ETH surges past resistance or dips to retest support, the outcome will have significant implications for its short-term direction and long-term outlook. Investors are closely monitoring these movements, awaiting signals of Ethereum’s next big move. Price Action: Keeping An Eye On Key Demand  Ethereum is trading at $3,360, showing resilience after consolidating above the critical $3,300 support level. This zone remains a key threshold for bulls aiming to maintain momentum and push prices higher. Holding above $3,300 is essential, as a breach of this level could trigger a deeper correction, potentially retesting lower support zones and dampening bullish sentiment. On the flip side, if ETH establishes a solid base above $3,350, it could pave the way for a swift recovery. A push beyond the $3,550 resistance mark would likely reignite bullish momentum, setting Ethereum up to challenge its yearly highs. This level represents a significant psychological and technical milestone, and reclaiming it would signal strength in the market. Related Reading: XRP Whales Keep Buying – Data Reveals Smart Money Prepares For A Rally Ethereum’s ability to hold or break these levels will determine its short-term trajectory. Analysts are optimistic that a rally above $3,550 could lead to rapid price gains. Reflecting renewed confidence in Ethereum’s broader market performance. For now, ETH’s consolidation above $3,300 signals cautious optimism, with the potential for an explosive move in either direction depending on how these levels are defended or broken. Featured image from Dall-E, chart from TradingView

Ethereum has faced significant volatility over the past few days, with massive selling pressure emerging after the cryptocurrency failed to break above its yearly highs set earlier in December. This price action has left traders and investors questioning the next direction for ETH as it consolidates under critical resistance. Related Reading: Bitcoin Will Test ATH Once It Breaks This Strong Supply Zone – Details Despite the turbulence, on-chain data suggests a potentially bullish outlook. Analyst Ali Martinez shared insightful metrics showing that Ethereum whales have been accumulating heavily during this period of uncertainty. According to the data, whales purchased 340,000 ETH—worth over $1 billion—in the last 96 hours. This significant accumulation indicates that major players see long-term value in Ethereum, even as short-term market sentiment remains mixed. The ongoing whale activity could signal an upcoming recovery for ETH, with large holders positioning themselves for future gains. Historically, such accumulation phases have often preceded strong rallies, as increased demand and reduced supply contribute to upward momentum. Ethereum Whale Demand Keeps Rising Ethereum demand has shown significant instability throughout the year, with persistent selling pressure pushing prices down from local highs. Each rally attempt has faced resistance, highlighting the challenges ETH has encountered in sustaining upward momentum. Despite this, Ethereum continues to demonstrate resilience, particularly during corrective phases, as large holders actively accumulate ETH. Martinez recently shared compelling data on X, indicating a remarkable whale accumulation trend. In the past 96 hours alone, whales have purchased 340,000 Ethereum, valued at over $1 billion. This substantial buying activity underscores the confidence that major players have in Ethereum’s long-term potential. Such accumulation often signals the possibility of a market shift, with whales strategically positioning themselves ahead of a potential breakout. Martinez and other analysts believe this whale-driven demand hints at a significant price surge in the weeks to come. Furthermore, the broader crypto community anticipates Ethereum playing a pivotal role in the expected altseason next year, solidifying its position as a market leader among altcoins. Related Reading: XRP Holds Key Demand Level – Whale Activity Suggests Strength As Ethereum enters this critical phase, market participants will closely monitor its ability to capitalize on the current accumulation. If whale activity continues, it could pave the way for Ethereum to reclaim local highs and potentially set new milestones, reinforcing its dominance in the crypto space. ETH Holding Key Support  Ethereum is currently trading at $3,320, showing resilience after holding above the critical 200-day moving average (MA) at $3,000. This level is widely regarded as a key indicator of long-term market strength. Holding above it suggests that Ethereum remains in a bullish structure despite recent volatility and selling pressure. For Ethereum to regain momentum, bulls will need to push the price above the $3,550 resistance level and maintain it. Breaking this zone would signal a renewed upward trend and increase the likelihood of Ethereum testing higher levels. However, this may not happen immediately, as the market could enter a period of sideways consolidation. Related Reading: Bitcoin Realized Losses Spike 3 Times The Weekly Average – Healthy Correction Or Downturn? Such consolidation is common after periods of heightened volatility and allows the market to establish a more stable base for the next significant move. A strong consolidation phase above $3,000 would further confirm the 200-day MA as a solid support level, boosting confidence among investors. Featured image from Dall-E, chart from TradingView

ETH continues to show strength after Ethereum’s rally above $4,000 and bulls appear to be targeting the 2021 all-time highs under $5,000 and beyond.

For the first time in over three years, Ethereum (ETH) has reached the significant price milestone of $4,100. This level has proven to be a key resistance point for investors, especially as the leading altcoin struggled to breach it during the bullish momentum experienced in the first quarter of this year. Poised For Rally If It Breaks $4,000-$4,100 Resistance? The renewed bullish sentiment among crypto investors has led analysts to forecast potential new all-time highs for Ethereum, surpassing its previous record of $4,878, set in November 2021.  For instance, crypto analyst Justin Bennett noted on social media platform X (formerly Twitter) that ETH had previously faced technical barriers in surpassing the $4,000 threshold and acknowledged that Bitcoin has been the focal point of market attention in December. Related Reading: MicroStrategy Raises Stakes, Acquires $1.5 Billion In Bitcoin Amid Positive Market Outlook However, the analyst emphasized that if ETH’s price can successfully navigate the critical $4,000 to $4,100 range in the short term, it could pave the way for a rally back toward its all-time high zone, with the potential to reach mid-$5,000 levels, thereby completing the current bullish channel for the altcoin.  Bennet also suggested that now is the opportune moment for the ETH price to target a new all-time high as he believes that the altcoin could see “some of those Bitcoin (BTC) profits” flow into the Ethereum market soon. Ethereum Price To Reach $15,937 By May 2025?  Adding to this bullish outlook, market expert VentureFounder shared even more optimistic predictions, anticipating an extended bullish momentum for ETH over the next seven months, and projecting it to reach a new all-time high of $15,937 by May 2025. VentureFounder linked this forecast to historical patterns, noting that the first quarter following Bitcoin’s Halving events typically initiates a surge toward new record highs. He further indicated that Ethereum often enjoys a year of strong performance after such Halving events, the latest of which occurred in April of this year. This year has already seen significant similarities with the past for both Bitcoin and Ethereum. Prior to Bitcoin’s Halving, the cryptocurrency experienced a substantial rally, fueled in part by the approval of spot Bitcoin exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC).  Related Reading: The $589 XRP Dream: Believers Aren’t ‘Delusional’ Enough, Expert Says At the time, the Bitcoin price reached a new all-time high just above $70,000 in March, and it has since risen by more than 50% to a new record of $107,000, despite challenging second and third quarter price action. Ethereum also experienced significant growth, posting its strongest first quarter in more than three years, rising from $2,260 in February to nearly 100% in just 30 days. However, it remained below the $4,100 threshold until recently, consistent with Bitcoin’s increasing trajectory. Overall, VentureFounder’s analysis, together with the price movements of both Ethereum and Bitcoin this year, gives a solid foundation for believing that ETH may be poised for significant rises in the coming months if the experts’ projections and prior patterns hold true.  At the time of writing, ETH is attempting to consolidate at around $4,014. This level will be crucial for determining whether further upward momentum will occur in the coming days or if additional tests of price support are on the horizon. Featured image from DALL-E, chart from TradingView.com

Ethereum is on the verge of reclaiming the $4,000 level as it inches closer to its all-time highs. The second-largest cryptocurrency by market cap has faced skepticism throughout this cycle, with some analysts predicting it would underperform compared to its previous bull runs. However, Ethereum has surprised doubters, steadily climbing in recent weeks despite market uncertainty. Related Reading: ONDO Exchange Inflows Grow – Volatility Ahead? Key on-chain metrics from Glassnode reveal an important trend that could fuel further price gains: Ethereum whales have been accumulating aggressively since late November. This signals growing confidence among major holders, who are positioning themselves for potential upside. Historically, whale accumulation has often preceded significant price moves, hinting at the possibility of a breakout in the near term. While the market remains divided on Ethereum’s trajectory, its ability to sustain upward momentum near the $4,000 mark will likely define its performance in the weeks ahead. Breaking above this critical resistance could open the door to new highs and further solidify ETH’s role as a leader in the ongoing bull cycle.  Ethereum Mega-Whale Balances Grow Ethereum has experienced a steady, albeit modest, rally since November 5, but it seems the real fireworks for ETH are yet to ignite. As Bitcoin soars into price discovery and several altcoins outperform expectations, Ethereum investors are searching for clear signals of an impending bull run for the second-largest cryptocurrency. Key on-chain data shared by top analyst Ali Martinez on X provides intriguing insights into Ethereum’s current state. Martinez highlights that Ethereum whales—entities holding significant amounts of ETH—have been accumulating aggressively since the price broke above the $3,330 level. This accumulation trend suggests that smart money is positioning itself for what could be a massive upward move in the months ahead. Historically, whale accumulation has often been a precursor to strong price rallies, as these large investors tend to anticipate major market shifts before retail traders. However, the narrative isn’t entirely bullish. While whale accumulation may signal confidence, it also raises concerns about a potential bull trap. These large holders could quickly pivot, offloading their ETH for other assets if market conditions shift or if Bitcoin’s dominance suppresses altcoin growth. Such a move could catch smaller investors off guard, leading to sharp corrections. Related Reading: AAVE Dominates DeFi Lending – Metrics Reveal 45% Market Share For Ethereum, holding above critical levels like $3,800 while breaking key resistances could be the catalyst needed to spark a true bull run. Until then, ETH remains a watchlist favorite, balancing potential and uncertainty. Price Testing Crucial Resistance Ethereum (ETH) is trading at $3,950, struggling to break above the crucial $4,000 resistance level for several days. Despite this, the price remains resilient, signaling strong market support. Clearing this level is essential to confirm the continuation of the uptrend, as $4,000 represents a psychological barrier and a key resistance zone for the asset. If Ethereum fails to breach the $4,000 mark, a retrace toward lower demand zones around $3,500 could be expected. This level has served as strong support in recent weeks, providing a cushion during periods of increased selling pressure. A pullback to this area could allow for renewed buying momentum, setting the stage for another attempt to break higher. Related Reading: Dogecoin Will See New ATH Soon – Top Trader Sets $2 Target However, recent market dynamics suggest Ethereum may be poised for a significant move upward. Bitcoin’s surge into price discovery and growing optimism around altcoins have created a bullish environment. With whales continuing to accumulate ETH, as highlighted by on-chain data, market participants are increasingly confident in Ethereum’s ability to retest and surpass its all-time highs. Featured image from Dall-E, chart from TradingView

Ethereum is making another attempt to break above the $4,000 level as it edges closer to its all-time highs. Despite its strong fundamentals, doubts linger in the market regarding Ethereum’s performance this cycle, with some expecting it to underperform amid stiff competition from other blockchain ecosystems. However, Ethereum’s recent price action suggests that it is building momentum, keeping investors on edge for a potential breakout. Related Reading: Bitcoin Stuck Between $99K And $102K – Analyst Explains Macro Situation Top analyst Carl Runefelt recently shared a technical analysis, noting that Ethereum has encountered strong resistance near the $4,000 mark and is now consolidating within a symmetrical triangle on the hourly chart. This pattern often precedes a decisive move, leaving traders speculating whether ETH will break out to new highs or face a temporary pullback. Ethereum’s performance at this key level will likely shape market sentiment in the coming weeks. A breakout above $4,000 could pave the way for a rally toward its all-time high, reigniting investor confidence. On the other hand, failure to clear this resistance might validate bearish concerns and lead to a retrace. As ETH remains at a critical juncture, all eyes are on its ability to navigate this pivotal zone and deliver the next major move. Ethereum Preparing To Move Ethereum has been grappling with significant resistance above the $4,100 level, leaving the market in suspense as traders anticipate its next move. With the price consolidating and showing signs of tension, Ethereum appears ready to make a decisive move in the coming days. The critical question remains: will it break higher, or is a pullback imminent? Runefelt shared his insights on X, pointing out that Ethereum is currently trading within a symmetrical triangle on the hourly chart—a pattern known for signaling potential breakouts or breakdowns. According to Runefelt, Ethereum’s immediate future hinges on two key levels.  A breakout above $4,100 would confirm a bullish trajectory, likely propelling ETH toward new highs. Conversely, a breakdown below $3,675 would signal bearish sentiment, opening the door for a deeper correction. Related Reading: Solana To New ATH Before Christmas – Analyst Expects $300 Soon Runefelt emphasizes the importance of these levels, noting that the symmetrical triangle suggests mounting pressure that could soon lead to significant volatility. As Ethereum holds its position near critical resistance, the next few days are shaping up to be pivotal for determining its market direction. Technical Levels To Watch  Ethereum (ETH) is currently trading at $3,840 after failing to break above the critical $4,000 resistance level. While the price remains strong and within range of this key level, it needs to clear $4,000 to confirm the continuation of its uptrend. Without a decisive breakout, ETH risks losing momentum, leaving traders and investors cautious about the next move. The $4,000 level has proven to be a significant psychological and technical barrier for Ethereum, with multiple attempts to break it being met with selling pressure. A successful breach of this resistance would likely pave the way for ETH to target higher levels, potentially pushing toward the yearly high of $4,100 and beyond. Related Reading: Dogecoin Will See New ATH Soon – Top Trader Sets $2 Target However, if Ethereum fails to overcome this hurdle, the market could see a retrace to lower demand zones. The $3,500 area is emerging as a critical support level that traders are closely monitoring. A dip to this level could provide a strong foundation for a bounce, but losing this support might signal a shift toward bearish sentiment. Featured image from Dall-E, chart from TradingView

Ethereum is attempting to break above the critical $4,000 level as it edges closer to its all-time high. The market has shown skepticism regarding Ethereum’s performance in this cycle, with some analysts predicting it might underperform compared to previous bullish phases. Despite this doubt, Ethereum has proven its resilience, consistently finding demand at key support levels and maintaining a bullish price structure. Related Reading: Dogecoin Will See New ATH Soon – Top Trader Sets $2 Target Adding to the optimism, on-chain data from IntoTheBlock highlights a strong foundation for Ethereum’s network activity this week. Metrics such as active addresses, transaction volumes, and net flows suggest a healthy ecosystem, reinforcing the potential for ETH to continue its upward trajectory. These indicators reveal increasing participation and growing confidence among investors, even amid broader market uncertainties. As Ethereum approaches a critical resistance, all eyes are on whether it can maintain momentum and push past $4,000. If successful, this breakout could reignite bullish sentiment and pave the way for ETH to retest its all-time highs, silencing doubters in the process. However, failure to clear this hurdle might result in further consolidation, keeping traders on edge as they anticipate Ethereum’s next major move. Ethereum Data Signals Strength Ethereum has been steadily climbing in recent weeks, fueled by a strong bullish trend that began earlier this month. The price momentum is catching the attention of top analysts and investors, who are closely watching for a breakout above yearly highs as ETH edges closer to its all-time high (ATH). The anticipation in the market is palpable, with many viewing this as a pivotal moment for Ethereum to solidify its position in this bull cycle. Top analyst Ali Martinez recently shared on-chain metrics from IntoTheBlock, revealing a robust outlook for Ethereum’s network this week. Active addresses have increased by 4.24%, signaling heightened participation and interest among users. Similarly, new addresses have risen by 2.65%, suggesting growing adoption and investor activity. Notably, zero-balance addresses have decreased by 4.06%, indicating that dormant wallets are coming back to life, and ETH is being reactivated for transactions or investments. These positive metrics highlight building momentum for Ethereum, reinforcing the belief that it is poised for a significant price move. If ETH successfully breaks above its yearly highs, it could trigger a powerful rally, potentially setting new records. However, a failure to maintain upward momentum could see Ethereum retreat to consolidate further before attempting another breakout. Related Reading: Solana To New ATH Before Christmas – Analyst Expects $300 Soon With its fundamentals strengthening and the market aligning for a breakout, Ethereum appears ready to make its next major move. Whether it’s targeting new all-time highs or finding support for another push, the coming weeks will likely be crucial in determining Ethereum’s trajectory for the remainder of the bull cycle. As sentiment builds, all eyes remain on Ethereum’s ability to capitalize on its growing momentum. ETH Testing Supply  Ethereum (ETH) is currently trading at $3,920, showing resilience after several failed attempts to break above the critical $4,000 resistance level. This price point remains a psychological and technical barrier for ETH, and clearing it is essential to confirm the continuation of its bullish uptrend. The market’s attention is focused on Ethereum’s ability to reclaim the $4,000 level, which would likely serve as a catalyst for a strong rally toward new yearly highs. However, the inability to decisively breach this resistance has kept ETH in a consolidative phase, leaving some uncertainty about its next move. If Ethereum fails to maintain its current momentum and breaks above $4,000 in the coming sessions, the price could face increased selling pressure. A retracement toward lower demand levels around $3,500 is likely in such a scenario. This level has previously acted as a robust support zone, and a retest could provide the foundation for another upward attempt. Related Reading: Dogecoin Whales Bought 210 million DOGE During Recent Correction – Bullish Signal? As the market awaits a decisive move, Ethereum remains in a critical position. Breaking $4,000 would reinvigorate bullish sentiment, while failure to do so could signal further consolidation or correction before the next significant price action unfolds. Featured image from DALL-E, chart from TradingView

Ethereum (ETH) is making headlines as it trends toward the $4,100 mark, reaching a new yearly high of $4,096. This milestone, just $3 above the previous high set in March, signals a potential resurgence for the second-largest cryptocurrency by market capitalization. The price action has caught the attention of analysts and investors, particularly as Ethereum continues to outperform expectations in a market dominated by volatility and uncertainty. Related Reading: Dogecoin About To Enter Phase Of Explosive Growth – Charts Reveal Massive Breakout Key metrics from IntoTheBlock shared by analyst Ali Martinez shed light on the network’s activity, revealing a surge in large Ethereum transactions. Historically, such increases in transaction volume have been linked to significant price movements, suggesting that Ethereum’s current uptrend could have more room to run. These developments hint at growing interest from institutional players and high-net-worth investors, further solidifying Ethereum’s position as a market leader. The next few weeks promise to be pivotal as Ethereum approaches the year’s end. Will it sustain its momentum and close the year with a breakout above $4,100? Or will it face resistance and retrace? With on-chain activity and market sentiment aligning in Ethereum’s favor, all eyes are on its next move as traders and investors position themselves for what could be an exciting close to 2024. Ethereum Transactions Surge With Price Ethereum continues to dominate market discussions after pushing to new yearly highs on Friday. The cryptocurrency surged past $4,096, surpassing its previous peak set in March. This upward momentum has reignited investor interest, but Ethereum’s price isn’t the only thing on the rise—its network activity is booming as well. According to data by analyst Ali Martinez (IntoTheBlock), large Ethereum transactions are experiencing a significant uptick. Martinez highlights that weekly transaction volume has skyrocketed by over 300%, reaching an impressive $17.15 billion yesterday. This surge in network activity signals increased confidence among institutional players and high-net-worth investors, who often precede retail adoption during major bull runs. Such growth in transaction volume historically correlates with sustained upward price movements, suggesting Ethereum’s rally may not be over. As the second-largest cryptocurrency by market cap, ETH appears well-positioned to continue setting new highs if these trends persist. Despite this optimism, ETH faces a key milestone ahead—its all-time high of $4,878, set in November 2021, is still 20% away. While Ethereum’s recent breakout has invigorated bulls, analysts caution that reaching and sustaining prices near the ATH will require significant buy-side pressure and broader market strength. Related Reading: Cardano Whales Keep Buying – Price Holds Above Crucial Mark If the current trajectory holds, Ethereum could approach its ATH sooner than expected, further solidifying its status as the go-to blockchain for decentralized applications and financial innovation. For now, investors are closely monitoring Ethereum’s price action and network data to gauge whether this rally has the momentum to break new ground or if a pullback is imminent. ETH Pushing Above $4k  Ethereum is currently trading at $3,960, showing resilience after reaching a local high of $4,096 just two days ago. This rally has brought Ethereum back into the spotlight, with investors eyeing key levels that could dictate its next move. A weekly close above the critical $4,000 mark would signal the highest weekly close for ETH since December 2021, a major milestone for the second-largest cryptocurrency. Such a close would reinforce the bullish sentiment surrounding Ethereum, potentially attracting more buy-side pressure and setting the stage for a continued rally toward its all-time high of $4,878. On the flip side, failure to achieve a weekly close above $3,880—its previous highest weekly close—could indicate waning momentum. In this scenario, Ethereum may enter a consolidation phase as traders take profits and the market digests recent gains. Consolidation below this level would likely keep ETH range-bound in the near term, with $3,880 and $4,000 acting as pivotal resistance levels. Related Reading: Dogecoin Still In Consolidation – Analyst Expects $0,63 If We Get A Breakout The next few days will be crucial as ETH navigates this critical juncture. A decisive weekly close will likely determine whether Ethereum extends its current rally or pauses to consolidate, offering traders opportunities and challenges in this dynamic market. Featured image from DALL-E, chart from TradingView

Ethereum has been making waves in the crypto market, reaching its highest levels since June after hitting a local high of $3,688 just hours ago. This impressive price action has sparked excitement among investors and analysts, with many anticipating further surges in the coming hours. Ethereum is now eyeing a breakout above its yearly highs, which could set the stage for an even more aggressive rally. Related Reading: Cardano Whales Buy The Dip – Metrics Show Increasing Demand Crypto analyst Carl Runefelt shared a technical analysis on X, highlighting the significance of Ethereum’s current resistance. According to Runefelt, ETH is at a critical juncture, facing a major resistance level that could determine its next move. Should Ethereum break above this barrier, it might quickly pump to $3,900, solidifying its bullish momentum. As the broader market sentiment remains strong, Ethereum’s price action remains unpredictable, especially as it leads altcoins in this upward trend. Investors are now eager to see whether ETH can maintain its upward trajectory and establish new milestones in the days ahead.  Ethereum Reaching New Highs Ethereum is making headlines as it reaches new highs, riding the wave of bullish momentum while Bitcoin consolidates below the $100,000 mark. This rally has positioned Ethereum as a key driver in the altcoin market, which continues to post massive gains and attract investor attention. With the broader market sentiment improving, Ethereum’s performance is becoming a focal point for traders and analysts alike. Related Reading: XRP Consolidates Below Crucial Resistance – Analyst Sets $1.60 Target Crypto analyst Carl Runefelt recently shared a technical analysis on X, emphasizing Ethereum’s critical resistance level. According to Runefelt, Ethereum is currently at a make-or-break point. A successful breakout above this resistance could trigger a sharp rally, potentially sending ETH to $3,900. If this level is surpassed, Ethereum would likely target yearly highs above $4,000, solidifying its position as a leader in the ongoing market surge. The coming days will be crucial for Ethereum as traders closely watch its ability to maintain upward momentum and overcome these key price levels. With the altcoin market gaining strength and optimism growing, Ethereum’s next move could set the tone for the broader crypto landscape. Whether it achieves a breakout or consolidates further, the attention on Ethereum highlights its role in shaping this bullish market cycle. ETH Price At A Turning Point Ethereum is currently trading at $3,600, a crucial level that will define its next price direction. As the market watches closely, Ethereum’s ability to hold above this price will determine whether it can continue its bullish momentum or face a pullback. If ETH maintains strength above $3,600, it is likely to surge further, targeting the next significant milestone: yearly highs at $4,080. A breakout above this level would not only reaffirm the bullish trend but also position Ethereum for a potential continuation toward even higher levels. However, Ethereum could face a short-term correction if it fails to hold above $3,600. The first major demand zone lies at $3,400, which would act as a critical support level. A failure to sustain even this level could lead to further declines, with the next potential support zones forming at lower price ranges. Related Reading: Cardano Reclaims $1 As Network Growth Surges – Larger Breakout Ahead? Market sentiment remains cautiously optimistic, with many analysts highlighting the importance of Ethereum’s current price action. The coming days will be pivotal as investors and traders look for signs of strength or weakness at this critical juncture. Whether Ethereum consolidates further or surges toward new highs, its performance will likely have a significant impact on the broader altcoin market. Featured image from Dall-E, chart from TradingView

Ethereum has been trading at its highest levels since late July, hovering around $3,470. This marks a significant rebound for the second-largest cryptocurrency, which has managed to hold above the crucial 200-day moving average (MA) at $2,965. By maintaining this level, Ethereum confirmed a bullish price structure, paving the way for continued momentum as it approaches its next milestone—yearly highs near $4,000. Top analyst and investor Carl Runefelt recently shared his technical analysis on X, pointing out that Ethereum’s price action has built a solid foundation for further growth. According to Runefelt, Ethereum is poised for a substantial rally once it breaks above key resistance levels, signaling increased confidence among traders and investors. Related Reading: Bitcoin Realized Profit Hits ATH At $443 Million – Local Top Or Continuation? This bullish sentiment is further fueled by Ethereum’s consistent on-chain activity and growing institutional interest, which continue to support its upward trajectory. However, breaking past $4,000 will require Ethereum to overcome resistance zones that have historically triggered pullbacks. As ETH consolidates gains, market participants are watching closely for signs of the next breakout, which could set the tone for the remainder of the year. Ethereum’s recent strength underscores its role as a market leader and a bellwether for broader cryptocurrency trends. Ethereum Testing Crucial Supply Ethereum is testing a crucial supply zone just below the $3,500 level, a key resistance that could propel the cryptocurrency to yearly highs in the coming days. This level has become a focal point for traders and investors, as breaking it would likely signal a bullish continuation of Ethereum’s recent momentum. Top analyst Carl Runefelt recently shared his insights on X, emphasizing the significance of this resistance. According to his technical analysis, once Ethereum breaks through the $3,500 barrier, it could rapidly climb to $3,700, potentially within hours. The market sentiment surrounding Ethereum remains optimistic, with surging demand as a catalyst for further price gains. Ethereum’s strength at this critical level is also reigniting speculation about a possible Altseason. If ETH continues its upward trajectory and attracts more capital, it could pave the way for other altcoins to follow suit. Historically, Ethereum’s price action has been a leading indicator for broader market movements, and this time appears no different. Related Reading: Bitcoin Rally Benefits From US Buyers – Coinbase Premium Gap Reveals Strong Demand As ETH approaches this pivotal moment, all eyes are on its ability to maintain upward momentum. A strong push past $3,500 would confirm the bullish structure and set the stage for Ethereum to dominate market narratives in the weeks ahead. Key Levels To Watch Ethereum is trading at $3,470, hovering below the crucial $3,500 resistance level. This local high has become a key area of focus for traders and analysts, as breaking above it could set the stage for a significant rally. If Ethereum manages to push through this resistance with strength, it could trigger a breakout that propels the price toward $3,900 within days. However, the market remains cautious about the potential risks associated with this pivotal moment. A failed breakout at the $3,500 mark could lead to sideways consolidation as Ethereum seeks stronger buying pressure to resume its upward momentum. In a more bearish scenario, a substantial correction could occur, driving ETH back to lower levels to establish a more solid base of support. Related Reading: XRP Analyst Sets $2 Target If It Holds Key Level – Can It Reach Multi-Year Highs? The current price action highlights the importance of this resistance zone. A clean break above $3,500 would likely confirm Ethereum’s bullish structure and reinforce confidence in a continued uptrend.  On the other hand, any hesitation or rejection at this level could signal the need for further consolidation before the next major move. As ETH approaches this critical juncture, the market is closely watching to determine its next direction and the potential implications for the broader crypto landscape. Featured image from Dall-E, chart from TradingView

Ethereum surged over 10% yesterday, marking an impressive recovery alongside a very bullish day for the entire crypto market. This surge has reignited investor optimism, especially as Ethereum approaches its yearly highs.  Key data from CryptoQuant highlights a significant bullish signal: Ethereum’s Taker Buy Volume hit an astonishing $1.683 billion in a single hourly candle. This metric reflects aggressive buying activity in the futures market, further supporting Ethereum’s potential for continued upward momentum. Related Reading: Bitcoin Open Interest Hits ATH As BTC Nears $100K – What To Expect? The driving force behind this rising demand for Ethereum appears to stem from profits being cycled out of Bitcoin. With Bitcoin consistently breaking all-time highs, investors are reallocating gains into ETH, boosting its price. Ethereum’s ability to capitalize on Bitcoin’s momentum underscores its position as the second-largest cryptocurrency and a key player in the broader market trend. However, the next few days will be crucial for Ethereum as it nears its yearly highs. A strong breakout above these levels could propel ETH into a new uptrend, further strengthening its bullish narrative. Ethereum Bulls Waking Up  Ethereum bulls are finally showing signs of life after eight months of bearish price action, with the price surging over 40% since November 5. This strong upward momentum aligns with the broader market rally, fueling optimism that Ethereum’s recovery is just beginning. The resurgence in bullish sentiment has positioned Ethereum as a key focus for investors seeking opportunities in the current market environment. According to data by CryptoQuant analyst Maartunn, Ethereum’s Taker Buy Volume recently hit $1.683 billion in a single hourly candle, highlighting significant demand and the involvement of high-volume trades. This aggressive buying activity is a bullish signal, suggesting increased confidence in Ethereum’s potential to sustain its rally. Strong demand at this scale creates upward pressure on the price, reinforcing the bullish narrative for ETH. Related Reading: Bitcoin Rally Driven By U.S. Coinbase Investors – Top Analyst Shares Metrics However, Ethereum still faces a critical hurdle at the $3,550 level, a significant supply zone that has acted as a barrier since late July. The next few days will be pivotal for Ethereum, as breaking above this key resistance could signal the continuation of its upward trajectory. Failure to do so, however, might result in a short-term consolidation. All eyes are now on ETH, as its next moves could set the tone for the altcoin market. ETH Holding Above Key Levels  Ethereum (ETH) is trading at $3,333 after a 10% surge yesterday, marking a significant rebound for the second-largest cryptocurrency. The price is testing a critical supply zone just below the $3,450 level, a resistance area that bulls need to reclaim to confirm the uptrend and maintain momentum for new highs. This supply zone has historically acted as a key barrier, and breaking above it with conviction would signal strong buying pressure and the potential for a sustained rally. Holding above the 200-day moving average (MA) at $2,959 further strengthens the bullish case for Ethereum, as this indicator is widely regarded as a benchmark for long-term price trends. Related Reading: Solana Analyst Expects A Retrace Before It Breaks ATH – Targets Revealed Should Ethereum maintain its position above the 200-day MA and push decisively past the $3,450 level, it could pave the way for a bullish rally, targeting higher resistance zones in the coming days. However, failure to overcome this supply area may result in short-term consolidation as bulls regroup to challenge the level again. For now, the market focuses on Ethereum’s ability to clear this crucial resistance and continue its upward trajectory. Featured image from Dall-E, chart from TradingView

Ethereum (ETH) has consolidated since November 12, when it hit a local high of $4,446. Despite Bitcoin’s impressive rally capturing market attention, Ethereum has struggled to maintain upward momentum and reclaim its yearly highs. The price action reflects a period of indecision, as ETH faces challenges in breaking through significant resistance levels that could reignite bullish sentiment. Related Reading: Bitcoin Demand Outweighs Supply As LTH Enter Active Distribution Phase While Ethereum lags behind Bitcoin in performance, analysts remain optimistic about its potential for a breakout. Notably, Carl Runefelt, a prominent crypto analyst, recently shared a technical analysis suggesting that ETH is on the verge of a major move. According to Runefelt, Ethereum must push above a key resistance level to trigger a breakout and rejoin the broader market’s bullish trend. As the second-largest cryptocurrency by market cap, Ethereum’s next steps will be crucial for traders and investors watching the market closely. A breakout above resistance could signal the start of a new upward phase, while continued consolidation might test the patience of market participants. With technical signals aligning and speculation building, Ethereum’s price action in the coming days will likely set the tone for its performance in the weeks ahead. Ethereum Prepares To Surge Ethereum has been underwhelming in its price action since March, struggling to keep pace with Bitcoin’s performance. Despite a few notable surges, ETH has yet to achieve the breakout investors eagerly anticipate.  Related Reading: Solana Analyst Expects A Retrace Before It Breaks ATH – Targets Revealed The prolonged consolidation has frustrated some traders, but an optimistic sentiment remains among those who believe Ethereum is poised for a significant rally once it clears key supply levels. Top crypto analyst Carl Runefelt recently shared his technical analysis on X, highlighting Ethereum’s current position within a bullish flag pattern. According to Runefelt, ETH has attempted to break out of this formation for the past two weeks, facing stiff resistance at critical supply zones. However, he remains confident that it could rapidly surge to $4,150 once Ethereum breaches this level. Such a move would mark a substantial percentage increase from current prices, sparking a wave of investor enthusiasm. The fear of missing out (FOMO) could drive additional buying momentum, creating a self-reinforcing price appreciation cycle. If ETH follows this trajectory, it would confirm the bullish flag breakout and signal Ethereum’s return to a dominant position in the crypto market. ETH Price Action: Technical Details  Ethereum is trading at $3,120 following several days of sideways consolidation below its recent local high of $3,446. Despite the pause in upward momentum, ETH has shown strength by surging above the critical 200-day moving average (MA), currently at $2,957, and maintaining its position above this key technical indicator. The 200-day MA is often a pivotal line between bullish and bearish trends. Ethereum’s ability to stay above it signals robust support from buyers and growing confidence in the market. If ETH continues to hold this level, it could pave the way for a bullish surge, with the first target being the local top at $3,446. Beyond that, a break above this resistance level could see ETH aiming for yearly highs near $4,000, reigniting enthusiasm among traders and investors. Such a move would likely confirm Ethereum’s return to a sustained uptrend, aligning it more closely with Bitcoin’s recent bullish performance. Related Reading: Dogecoin Breaking Out Of Falling Wedge Pattern – Analyst Reveals Target However, losing the 200-day MA as support could introduce risks of a pullback, potentially sending ETH to retest lower levels. Ethereum’s price action remains strong, with the market eagerly watching for the next significant move. Featured image from Dall-E, chart from TradingView

Ethereum (ETH) is gearing up for an explosive bullish phase after decisively breaking above the crucial $3,000 mark. This milestone has fueled optimism among traders and investors, signaling a potential surge to new all-time highs. ETH’s recent price action demonstrates strong momentum, suggesting that the second-largest cryptocurrency by market cap is ready to reclaim its place in the spotlight. Renowned analyst and investor Carl Runefelt has bolstered this bullish outlook with a compelling technical analysis. Sharing his insights, Runefelt pointed out Ethereum’s impressive recovery and growing strength. He emphasized that if current momentum continues, the $6,000 milestone could be within reach sooner than many expect.  Related Reading: Bitcoin Spot Is King – STH Selling Pressure Expected To Be Absorbed By ETFs According to Runefelt, Ethereum’s upward trajectory is supported by increasing network activity, heightened institutional interest, and broader adoption of its smart contract capabilities. The crypto market’s recent surge, led by Bitcoin’s new all-time highs, has created an environment ripe for Ethereum to follow suit. As traders focus on ETH’s potential to outperform other altcoins, all eyes are on whether it can sustain its breakout and push higher. The coming weeks will be crucial as Ethereum solidifies its position above $3,000, potentially paving the way for a rally that could redefine expectations for this cycle. Ethereum Testing Supply  Ethereum is on the brink of a significant breakout as it approaches the last major supply levels before potentially embarking on a Bitcoin-like rally. After reclaiming its local highs with strong momentum, Ethereum has captured the attention of traders and investors looking for the next big move in the crypto market. Many believe the current consolidation phase is just the calm before a bullish storm. Runefelt recently shared a detailed technical analysis on X, highlighting Ethereum’s readiness for a massive bull run. Runefelt emphasized that ETH is mirroring Bitcoin’s recent explosive breakout, suggesting that Ethereum could be next to surge.  According to his analysis, this may be the last opportunity to buy ETH at relatively low prices before the market takes off. Runefelt set an ambitious price target of $6,000, forecasting this level as attainable once Ethereum breaks through its final supply zones. Related Reading: XRP Breaks Above Multi-Year Resistance – Top Analyst Shares Price Target Ethereum’s potential rally is supported by a combination of technical strength and increasing demand for its smart contract platform. With Bitcoin setting new all-time highs, the market’s focus is gradually shifting toward altcoins, particularly Ethereum. If ETH breaks above its current resistance, it could ignite a wave of buying pressure that sends prices soaring to unprecedented levels. ETH Testing Technical Levels  Ethereum is currently trading at $3,110, following a 12% retrace from its recent local highs. Despite the pullback, ETH continues to show resilience, holding firmly above the 200-day moving average (MA) at $2,955. This key demand level is a strong indicator of long-term market strength and suggests that Ethereum remains in bullish territory despite short-term volatility. The 200-day MA serves as a critical support zone, and its defense could pave the way for a significant rally in the coming days. If ETH maintains its position above this level for an extended period, it would signal renewed bullish momentum and set the stage for a breakout to higher supply zones. Related Reading: Solana ‘God Candle Is Close’ As It Breaks From Crucial Resistance – Top Analyst The next major resistance level for Ethereum is at $3,450. A successful breach and consolidation above this price point would confirm a breakout, positioning ETH to challenge its all-time high (ATH). Such a move could reignite bullish sentiment and attract new buying pressure from investors anticipating further gains. Featured image from Dall-E, chart from TradingView

Ethereum has recently climbed to a major high above $3,400, reigniting enthusiasm among market participants and signaling a potential upward trend that may lead to a push above $4,000 toward a new all-time high. This optimism has been met with major speculation of ETH’s price from the crypto community and analysts, who are observing key indicators within the market to assess the asset’s trajectory. Related Reading: Ethereum Weekly Volume Hits $60 Billion As ETH Aims For Yearly Highs Ethereum Rise and Market Sentiment According to a report shared by a CryptoQuant analyst known as ‘ShayanBTC,’ Ethereum’s recent price performance, up by 35% in the past week, has been accompanied by positive sentiment in the futures market, providing a detailed look into potential short-term fluctuations. Shayan pointed out that the funding rates for Ethereum futures have remained positive, demonstrating strong demand and bullish sentiment among investors. Notably, positive funding rates typically indicate buyers are willing to pay a premium to hold long positions, which signifies market confidence. The analyst highlighted that this surge in positive sentiment was especially evident when Ethereum surpassed the $3,000 mark, reflecting a similar pattern observed during the March 2024 rally that culminated in a yearly peak. This pattern now raises questions about whether the current momentum can be sustained or if the market is vulnerable to sudden reversals, just as it did following a major rally earlier this year. What Is Expected While positive funding rates are a favorable sign of market interest, they can also indicate heightened risk when they become too elevated. Shayan particularly noted: Although positive funding rates generally signify healthy demand in a bullish market, elevated funding rates can be a red flag. The analyst cautioned that high funding rates may point to an “overheated” market, which could increase the likelihood of a long liquidation cascade if the price faces significant resistance or experiences even a modest correction. Elevated rates suggest that traders may be over-leveraged, creating conditions where a sharp pullback could trigger a wave of sell-offs as leveraged positions are liquidated. The CryptoQuant analyst further revealed that with Ethereum experiencing high funding rates in the current market climate, investors may need to “exercise caution and adopt strategies to mitigate potential risks.” Related Reading: Ethereum Could Be Set To Explore New Highs As On-Chain Metrics Light Up The analyst emphasized that with heightened funding rates comes an increased chance of market volatility. Rapid price movements could lead to liquidations, particularly if profit-taking or minor corrections unsettle the market. Meanwhile, Ethereum has breached the $3,400 price mark to trade as high as $3,424 earlier today. However, at the time of writing, the asset appears to have seen a slight correction with a current trading price of $3,289, albeit still up by 2.2% in the past day. Featured image created with DALL-E, Chart from TradingView

Ethereum is now testing a key support level that last helped it rebound by over 160%. Multiple factors support this bullish fractal.

Solana has surged by approximately 600% against Ethereum since 2023 thanks to the memecoin mania. 

All eyes are on Ethereum as the crypto market watches closely following Bitcoin’s recent surge. Analysts and investors are now cautiously waiting for Ethereum to catch up, with some fearing that ETH’s performance in this cycle may fall short of expectations.  Related Reading: Solana Targets $160 Resistance As TVL Hits New Yearly Highs Recent price action for Ethereum has shown signs of strength, giving investors confidence that a potential breakout could be near. Ethereum is currently trading within a bullish pattern that, if broken, could lead to a massive surge in the coming weeks.  With Bitcoin leading the way and market momentum building, ETH could be poised to follow, unlocking new gains and potentially signaling the start of a powerful rally for the altcoin.  Investors are closely watching for signs that Ethereum will break free from its consolidation and begin to climb, as it remains one of the most closely monitored assets in the market. Ethereum Flirting With A Surge Over the past few weeks, Bitcoin has surged, leaving investors eagerly waiting for Ethereum to follow suit. Top analyst and investor Carl Runefelt has shared his technical analysis on X, highlighting a bullish pattern emerging on Ethereum’s 1-hour price chart. Runefelt’s analysis points to an ascending triangle formation, which is generally a bullish indicator. According to him, if Ethereum manages to break above this pattern, a rapid surge to $2,870 could be imminent.  This price level represents a key target for Ethereum, as it signals a strong upward move and confirms that the altcoin is catching up with Bitcoin’s recent performance. However, there are still risks that Ethereum could continue to trade sideways if it fails to break the current resistance level. In that case, ETH could remain trapped in consolidation for a longer period, which would cause further frustration among investors hoping for a rally.  Related Reading: On-Chain Metrics Reveal Bitcoin Demand Is Growing – Can BTC Break ATHs In Q4? Despite these risks, market conditions favor Ethereum’s potential breakout as bullish sentiment grows. Analysts are watching closely, anticipating that Ethereum’s moment to surge could come soon, setting the stage for significant gains. Price Levels To Watch Ethereum (ETH) currently trades at $2,624 after three days of uncertainty and volatility. The price recently surged by 10% from the $2,400 area, showing signs of strength, but now faces a crucial resistance level.  For the bulls to regain momentum, Ethereum needs to push above the current price and reclaim the 200-day exponential moving average (EMA), which is $2,800. This significant level would signal that ETH is back on track for further upside, potentially catching up with Bitcoin’s recent gains. However, if Ethereum fails to break above this key resistance and reclaim the 200-day EMA, it risks entering a sideways consolidation phase. A failure to hold current levels could lead to a retrace, with support likely around the $2,450 mark.  Related Reading: Ethereum Could Target $3,400 Once It Breaks Above Bullish Pattern – Details Traders and investors are closely watching the price action as Ethereum’s next move will determine whether it can break free from its current uncertainty or continue to face resistance in the coming days. As the broader crypto market remains volatile, Ethereum’s ability to hold key levels will be critical for its near-term outlook. Featured image from Dall-E, chart from TradingView

Recent reports have revealed that Ethereum has had a challenging run, underperforming compared to other major cryptocurrencies. However, despite this, some positive signs may be on the horizon. According to a CryptoQuant analyst, Percival, Ethereum’s open interest has increased significantly, indicating rising investor optimism for a potential rally. Related Reading: Ethereum Whales Are Quietly Accumulating—Is A Major Price Breakout Coming? Potential For Ethereum Rally And Longs Benefit According to the data shared by Percival, Ethereum’s open interest stands at $9.6 billion, marking a 28.57% increase from August, although it is still below the $13 billion recorded in June. The rise in open interest points to expectations of an upward price movement, with many traders positioning themselves for increased demand. Percival noted that several factors, including potential Federal Reserve interest rate cuts and a growing focus on the future of tokenization on the Ethereum blockchain, may fuel this uptick. This shift could drive more interest toward decentralized finance (DeFi) protocols, making Ethereum more attractive for investors looking for long-term gains. Percival also highlighted that Ethereum’s Relative Strength Index (RSI) is at 61, suggesting that the market is overheated. A “convergence” between open interest and RSI levels indicates that price corrections will likely be short-lived, providing opportunities for traders to position themselves for a market rebound. The analyst estimated that Ethereum may experience a correction of around 7% to 9% before rallying again, favoring long positions as traders await a potential rise in both price and demand. The analyst particularly wrote in a post on the CryptoQuant QuickTake platform: The convergence of the highest lows in the RSI suggests a potential for a less pronounced correction, estimated to be between 7% and 9%. This scenario favors long positions, with traders patiently waiting for a market rebound to confirm new highs and higher lows. ETH’s Path To A Bullish Breakout At the time of writing, Ethereum trades at $2,611, down slightly by 0.1% in the past 24 hours. This comes after a strong week where the cryptocurrency saw a 9.3% increase and a nearly 15% rise over the past month. According to another prominent crypto analyst, Ali, Ethereum could be on the verge of a significant rally. In a recent post on X, Ali revealed that Ethereum has recently touched the lower boundary of a channel, a level that has historically led to an average 130% price surge. Related Reading: Crypto Watch: Ethereum Poised for Upside Break! According to Ali, should this pattern continue to hold, Ethereum could potentially climb to $6,000 as long as it maintains its key support level of $2,300. Every bounce off this channel’s lower boundary has historically led to an average 130% price increase for #Ethereum. If this pattern holds, a similar move could push $ETH to $6,000—provided the key $2,300 support level stays intact. pic.twitter.com/CFpLrQWEih — Ali (@ali_charts) October 14, 2024 So far, despite ETH’s market’s volatility, the asset has managed to maintain its price above the critical $2,300 support level, which lends credibility to the theory that a bullish breakout could be on the way. Featured image created with DALL-E, Chart from TradingView

Ethereum (ETH) currently trades approximately 11% below its local highs of around $2,730. Investors are optimistic about a potential price surge in the coming days, driven by encouraging on-chain data. Key metrics from Glassnode indicate a decline in ETH inflows into exchanges, suggesting that investors are holding onto their assets rather than selling. This trend typically points to increased accumulation and could foreshadow a bullish breakout. Related Reading: Chainlink (LINK) Bullish Pattern Could Ignite A Breakout: Analyst Sets $15 Target As the broader crypto market evolves, Ethereum investors remain vigilant, anticipating a bullish reclaim that could propel prices higher. The decrease in exchange inflows could signify that traders are positioning themselves for a potential upward movement, as they seem more inclined to retain their holdings during this crucial phase. Should Ethereum successfully break above critical resistance levels, it could reignite bullish momentum and attract further investment. The next few days will be pivotal for ETH, as traders closely monitor price action and on-chain metrics for signs of a resurgence. With the right conditions, Ethereum may set its sights on new highs, reinforcing the overall positive sentiment in the market. Ethereum Exchanges’ Net Position Change Decreases Ethereum (ETH) is currently at a crucial price level following a 15% dip from its local highs. The broader crypto industry is brimming with anticipation for a massive rally after the Federal Reserve’s decision to cut interest rates a couple of weeks ago. However, despite the optimistic outlook, prices have struggled to climb higher, leaving many investors on edge. Fortunately, on-chain data from Glassnode suggests a reduction in selling pressure, which could improve market sentiment and pave the way for a potential ETH rebound. One key metric to consider is the Ethereum Exchanges’ Net Position Change indicator, which has been downward since mid-September. This indicator tracks the flow of ETH into and out of exchanges, and its recent decline signifies that inflows have dropped significantly. Lower inflows typically indicate reduced selling pressure, as fewer investors are moving their assets onto exchanges to sell. This shift in momentum reflects a positive change in market sentiment, suggesting that investors may be less inclined to liquidate their positions at current price levels.  As selling activity decreases, Ethereum could gain some much-needed breathing room to recover from its recent decline. Related Reading: Solana (SOL) Holds Above $140 As Funding Rate Signals Bullish Momentum Moreover, increased confidence among investors might lead to upward price movement in the coming days. Ethereum may be positioned for a resurgence if this trend continues, potentially setting the stage for a bullish breakout as market dynamics shift in its favor. As traders remain vigilant, all eyes will be on ETH to see if it can capitalize on this improved sentiment and regain upward momentum. ETH Testing Crucial Supply Levels  Ethereum (ETH) is trading at $2,448 after facing rejection at the 4-hour 200 exponential moving average (EMA) at $2,516. The price also struggled to maintain momentum above the 4-hour 200 moving average (MA) at $2,458, indicating a critical moment for ETH. If Ethereum fails to reclaim both of these key levels in the coming days, it may be at serious risk of dropping towards the $2,200 area, potentially triggering a deeper correction. Conversely, if ETH manages to break above and hold these crucial indicators, it could signal a bullish trend reversal, opening the door for a surge toward the $2,700 resistance area. The outcome in the next few days will be vital for determining Ethereum’s trajectory. Related Reading: Dogecoin Could Target $0.20 Soon, Analyst Predicts – Is DOGE Primed For A Rally? Traders and investors will closely monitor these levels, as the ability to reclaim them could provide the momentum needed for ETH to regain strength and attempt to test higher price levels. The current price action reflects the uncertainty in the market, making it imperative for ETH to assert itself decisively to inspire confidence and drive a rally. Featured image from Dall-E, chart from TradingView

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently lagged behind other top tokens, posting losses on both a 24-hour and weekly basis. Despite this downturn, some analysts believe that if Ethereum can overcome critical resistance levels in the near future, it may follow seasonal trends typically seen in “Uptober,” potentially leading to a price recovery. Ethereum Struggles To Break $2,800 Resistance  Technical analyst Daan Crypto Trades recently pointed out that Ethereum has yet to make a higher high, a feat achieved by Bitcoin (BTC) last week. In order to reverse its current trend, the analyst explains that ETH needs to break through the $2,800 level, which coincides with the daily 200 exponential moving average (EMA).  Currently, Ethereum’s price has retraced over 1% in both the last 24 hours and the past week, currently trading at $2,611. This decline contrasts with the gains recorded over the past two weeks (14%) and the past month (4%).  Related Reading: XRP Price Ready For 4x Jump To $2.6 As Major Bullish Pattern Breaks Occurs Despite marking a higher low of $2,640 at the end of the previous week following a nearly 20% drop on September 6, where prices fell to $2,150, ETH remains far from its yearly high of nearly $4,000 achieved in the first quarter of this year and its all-time high of $4,878 from November 2021. In contrast, Bitcoin recently reached a two-month high of $66,500, moving closer to its all-time high of $73,700 set in March, highlighting the stark difference in performance between Bitcoin and Ethereum during this period  However, much like Daan Crypto Trades, other analysts maintain a bullish outlook for Ethereum if important support levels are held by the bulls and if the price can break through key resistances.  Analysts Forecast New All-Time High In Early 2025 Market expert Guru Vedas has recently noted that ETH appears to have hit a curve support on its two-hour chart, with support levels between $2,550 and $2,600. He suggests that a recovery could be imminent from this support base.  Another analyst, known as “Man of Bitcoin,” echoed this sentiment, asserting that ETH could continue to rise as long as it remains above $2,560. He identified key support levels for a larger wave, ranging from $2,539 to $2,351, which are critical for any near-term recovery. Related Reading: US Spot Bitcoin ETFs Become Second-Largest Holder Of BTC Behind Satoshi Adding to the optimism, analyst Ted Pillows highlighted that Ethereum is forming a similar fractal pattern to one observed during its previous bull cycle, which saw prices surge from $1,600 to $4,000.  The analyst predicts that the ETH price could reach between $4,000 and $4,400 by the end of this year, with a potential new all-time high anticipated in the first quarter of 2025 above $4,800. Featured image from DALL-E, chart from TradingView.com

Ethereum is trading near its yearly low of $2,400 after an 18% drop from local highs. ETH has notably underperformed compared to Bitcoin and other altcoins like Solana this cycle, leading to investor concerns.  Related Reading: Ethereum (ETH) Struggles To Break Past $2,600: What’s Driving ETH Down? One of the key reasons for this underperformance is the lack of enthusiasm surrounding Ethereum ETFs. Metrics from these funds show low interest from traditional investors, adding to the bearish sentiment around ETH.  As the crypto market is gripped by fear and uncertainty, Ethereum traders are searching for clues on whether a potential recovery is on the horizon. Top analysts and investors have started sharing their views on ETH’s next move, with many suggesting that a bounce could occur if certain technical levels hold. If this bounce materializes, it may relieve Ethereum, but until then, the market remains cautious. Ethereum Price Action Suggests A Bounce  Ethereum is currently trading at a critical level that could propel the next big move if it holds support. Top analyst and investor Mags has shared an analysis on X, revealing that ETH has been consolidating within a massive triangle formation since 2021.  According to Mags, Ethereum is now approaching the lower boundary of this formation, which is a crucial support level that could define its next significant move. Mags anticipates a potential double-bottom pattern forming near this upward-sloping trendline, indicating that a bullish reversal may be on the horizon. Related Reading: Is Chainlink (LINK) Sliding To $9? On-Chain Metrics Expose Weak Network Activity Recently, the price tested a key demand zone at $2,307, showing initial signs of recovery. This level is essential for Ethereum’s price action, as a hold above it could signal strength and create the foundation for a move higher. The analysis suggests that the next target for ETH could be new all-time highs if it breaks out of the triangle pattern, defying the bearish expectations of many traders still waiting for lower prices. This potential bullish scenario could unfold if Ethereum’s price holds the lower boundary of the triangle and gains upward momentum. A breakout would send ETH toward higher levels, outperforming current market sentiment and surprising investors. ETH Holding Above $2,300 Ethereum (ETH) currently trades at $2,396 following intense volatility and market uncertainty. The price is in a consolidation phase, which could still be susceptible to a surprising retrace if demand weakens further. Currently, ETH is trading below the 4-hour 200 moving average (MA) at $2,596, aligning with the crucial $2,600 level. This level is vital for ETH to retake if it aims to push higher in the short term. A sustained trading position below these levels signals weakness and the potential for further declines. For bulls, reclaiming the $2,600 mark is essential to shift the price structure and initiate a new uptrend. Success in pushing this level could set the stage for targeting the local high of $2,820. Related Reading: Ethereum’s Plunge Could Be Over: This Key Pattern Signals A Rally Back To $4,000 However, if ETH fails to close above $2,600, the next significant support is anticipated around $2,116. The price action in the coming days will be critical in determining ETH’s next move, with traders watching closely for signals of either a breakout or a deeper retrace. Featured image from Dall-E, chart from TradingView

After enduring a significant downturn at the beginning of the past week, Ethereum (ETH), the second-largest cryptocurrency, has staged a modest recovery, reclaiming the crucial $2,600 level and setting its sights on the $3,000 milestone once again. The August 5 crash, which saw Ethereum’s price plummet to $2,112, marked the year’s largest market slump. However, the digital asset has since bounced back, 8% in the last seven days, hinting at the possibility of a more sustained bullish trend. Massive Ethereum Liquidations Trigger Bullish Signals According to a recent report by market analytics firm CryptoQuant on the ETH’s price action, the chart below highlights a substantial liquidation of long perpetual positions on the futures market experienced during last week’s crash.  The firm notes that in sustained bull markets, such a significant liquidation event is often followed by a major price rally as the futures market stabilizes and spot buying pressure takes over. Related Reading: Legendary Fibonacci Extension Reveals When Bitcoin Will Reach $109,000 “The recent cascade has triggered massive long liquidations, reaching levels not seen since November 2022,” the firm noted. “This substantial liquidation likely indicates a cooling of the futures market, where many leveraged positions have been flushed out. Such a development can set the stage for renewed interest in the futures market.” With the futures market potentially resetting, CryptoQuant believes that if demand returns, Ethereum could be poised for another impulsive bullish surge in the longer term that could send prices above previous all-time high levels.  ETH’s Price Path To $3,000  Crypto analyst Caleb Franzen echoed a similar prediction for ETH’s price in a social media post on the X platform (formerly Twitter), suggesting that if Ethereum can take out the $2,725 level, it could signal a strong move higher.  Franzen’s analysis of the 4-hour candles and market structure indicates a series of higher lows and a bullish reading on the supertrend indicators, further fueling the optimism surrounding Ethereum’s future performance. Related Reading: Bitcoin Investors Again Show Extreme Fear As BTC Slips To $59,000 However, with ETH currently trading at $2,645, the first resistance on the ETH/USDT weekly chart, located at the $2,700 level, has proven to be the first hurdle for the second-largest cryptocurrency to overcome in recent days. In a scenario where the current rally extends into the coming weeks and the ETH price tackles the level highlighted by Franzen, the $2,900 and $2,990 resistance walls would be the last obstacles to reclaim the $3,000 level.  Conversely, the token will need to secure and consolidate above the $2,550 level to prevent further declines toward the next support on the daily chart, currently located at the $2,345 level following its 25% correction.  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 July 4, as discussions between asset managers and regulators enter the final stages.  Industry executives and other participants who requested anonymity due to the confidential nature of the talks revealed that the process of amending the offering documents has progressed to resolving only “minor” issues, and approval is “probably not more than a week or two away.” Related Reading: Bitcoin Battling Bearish Headwinds: Is The Sell-Off Over? According to Morningstar Direct data, the launch of Bitcoin-based ETFs in the US in January was a major success, drawing around $8 billion in assets. By late June, these nine new products had nearly $38 billion in assets, although the holdings of Grayscale Bitcoin Trust – which converted its $27 billion BTC trust into an ETF simultaneously – dipped to $17.8 billion. However, experts believe the launch of the new spot Ethereum ETFs may not be as impressive as the Bitcoin ETF debut. James Butterfill, head of research at Coinshares, noted that “Ethereum is not the same size in terms of market cap, nor does it have the same volumes” as BTC. Given the differences in market size and nature of the two cryptocurrencies, Bryan Armour, an ETF analyst at Morningstar, believes inflows may be much more muted when the Ethereum ETFs launch. “With Bitcoin, there had been pent-up demand for a decade, and investor interest was off the charts,” Armour said. “This just isn’t going to command the same excitement.” However, not everyone shares the same cautious outlook.  ETH Eyes Potential Rally Toward $7,500 Quinn Thompson, the founder and CIO of Lekker Capital, has recently stated that the market is in the middle of “one of the most obvious and attractive crypto buying opportunities of recent memory.”  Thompson further claimed that it was “cool” to be bullish in the past, but now, it appears that “Twitter has become a contest to see who can have the most negative ETH ETF take.” Thompson further noted: Personally, I think ETH will reach $7,000 and BTC will make its first attempt at $100,000 by the election in November. The Glassnode co-founders also shared a bullish price analysis for Ether, stating that if investors look at Ether’s history, similar patterns are developing as in the early stages of the 2021 bull market.  They believe the current structure gives a target of around $7,500 as a final high for Ether, mirroring the Fibonacci extension seen in 2021 and implying a strong rally in Ether “soon!” Related Reading: Dogecoin Profitability Rises To 75% As Shiba Inu Plunges To 52% While caution remains regarding the possibility of further price declines, experts argue that such a scenario would require a new exogenous event to occur. Overall, market sentiment is leaning towards Ethereum reaching $7,000 and Bitcoin’s first attempt at $100,000. At the time of writing, ETH was trading at $3,460, up more than 3% over the past 24 hours as the broader market recovers from the corrections seen over the weekend and into the beginning of the week.  Featured image from DALL-E, chart from TradingView.com

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 Commission’s (SEC) approval of Ethereum ETF applications by major asset managers. Best Week For Ethereum Since March  According to a report by CoinShares, digital asset investment products have witnessed a total of $2 billion inflows, contributing to a five-week consecutive run of inflows amounting to $4.3 billion.  Additionally, trading volumes in exchange-traded products (ETPs) have risen to $12.8 billion for the week, a 55% increase from the previous week. Notably, inflows have been observed across various providers, indicating a turnaround in sentiment. Incumbent providers have also experienced a slowdown in outflows, reinforcing the positive market sentiment.  Related Reading: Solana Searching For Direction: Will SOL Break Free Or Fall Flat? As seen in the image above, Bitcoin (BTC) continues to dominate the market, with inflows totaling $1.97 billion for the week. On the other hand, short Bitcoin products saw outflows of $5.3 million for the third consecutive week.  Similarly, Ethereum has also seen a notable surge in inflows, recording its best week since March with a total of $69 million, which for CoinShares is likely a reaction to the unexpected SEC decision to allow spot-based ETFs on Ethereum. Differing Perspectives On ETH’s Price Despite the positive developments, Ethereum’s price has struggled to maintain bullish momentum, failing to retest its yearly high of $4,100 reached in March. On Friday, the price dropped as low as $3,577.  However, Ethereum addresses holding more than 10,000 ETH have increased by 3% in the past three weeks, indicating a significant spike in buying pressure. Related Reading: Major Bitcoin Metric Breaks 3-Month Downtrend Amid Bullish Network Recovery Market analysts have provided differing perspectives on Ethereum’s future price action. “Trader Tank” predicts that ETH may drop to $3,500 while acknowledging the potential for a bullish reversal upon reclaiming the $3,700 level.  On the other hand, crypto analyst Lark Davis highlights that Ethereum’s supply on exchanges is at an eight-year low, suggesting that the upcoming ETFs could cause a “massive supply shock” and potentially lead to a substantial increase in ETH’s price. Ultimately, as Ethereum’s price remains uncertain, market participants eagerly await the next movements in the cryptocurrency. As investors and analysts closely monitor the market dynamics, the question of whether a breakout above $4,000 or a retest of lower support levels at $3,500 awaits an answer. The second-largest cryptocurrency on the market is currently trading at $3,690, down 6.5% in the past two weeks.  Featured image from DALL-E, chart from TradingView.com

As the US Securities and Exchange Commission (SEC) approved all the spot Ethereum ETF applications, despite increased regulatory uncertainty surrounding the cryptocurrency, investors are becoming more optimistic about the potential for ETH’s price to reach new heights.  Bullish Sentiment Surrounds Ethereum ETF Approval  DeFiance Capital Founder and CIO Arthur Cheong predicts that ETH could reach an annual high of $4,500 before the newly approved index funds begin trading, surpassing its mid-March high of $4,096. This projection falls just short of ETH’s all-time high of $4,878 during the 2021 bull run. In addition, a survey conducted by WuBlockchain in the Chinese community revealed that 58% of respondents believe that ETH has the potential to rise to $10,000 or even higher in this market cycle.  Related Reading: Kickstarting The Bitcoin Bull Run: Expert Says $70,000 Is The Level To Beat The recent regulatory pivot by the SEC towards approving Ether ETFs has intensified bets on further price gains. In the seven days following the announcement, ETH experienced a 26% surge, marking the largest weekly advance since the 2021 crypto bull market.  This development brings hope to speculators, considering the success of US spot Bitcoin ETFs, which have amassed $59 billion in assets since their record-breaking debut in January.  However, spot Ethereum ETFs will not participate in staking, earning rewards by pledging tokens to maintain the Ethereum blockchain. This omission could potentially dampen interest in these funds in comparison to holding the tokens directly. Although additional SEC approvals are required before issuers such as BlackRock and Fidelity Investments can launch their products, the timeline for these releases remains uncertain. As of now, ETH is trading around $3,900, with expectations of further upside potential. Options Bets Signal Potential Climb To $5,000 According to a Bloomberg report, analysts such as Pepperstone Group Head of Research Chris Weston believe that pullbacks in ETH are buying opportunities as the risk remains skewed to the upside.  Interestingly, as seen in the chart below, some traders are placing bullish options bets, with concentrations signaling a potential climb to $5,000 or more. Furthermore, ETH’s volatility, as indicated by the T3 Ether Volatility Index, is expected to be greater than that of Bitcoin, highlighting the potential for larger price swings in the second-largest digital asset. Related Reading: Ripple CTO Addresses Curious Price Link Between XRP And XLM Insights from the futures market, particularly the level of open interest in Chicago Mercantile Exchange (CME) Ethereum futures, provide evidence of institutional demand for regulated exposure to cryptocurrencies.  While open interest in CME Ether futures is growing, it remains significantly lower than that of CME Bitcoin futures. This suggests relatively less institutional exposure to Ether and could potentially impact initial inflows into Ether ETFs. Nevertheless, as the approval of Ethereum ETFs opens up new avenues for investment and speculation, the market is closely watching ETH’s price performance, with bullish sentiment and optimistic predictions prevailing among investors. Featured image from Shutterstock, chart from TradingView.com