As the crypto market bounces, a key indicator has flashed a key bullish signal on the Ethereum (ETH) daily chart, suggesting the end of its six-month downtrend could be near. However, some analysts have warned investors of a possible bull trap and a subsequent reversal to new lows. Ethereum Eyes Trend Reversal Ethereum kicked off…
Tag: eth ATH
Ethereum (ETH) Reclaims $3,500 Amid Market Rebound, Analysts Forecast December Take-Off
Amid the recent market recovery, Ethereum (ETH) is retesting a key level as support for the first time in a week, leading some market watchers to suggest that the highly anticipated end-of-year run may be delayed for a few more weeks. Ethereum Eyes Next Key Level On Monday, Ethereum retested a crucial level after reclaiming…
Ethereum Ready For ‘Rapid Expansion’ As Price Holds $3,900 Support – 30% Rally Coming?
As the market volatility continues, Ethereum (ETH) has dropped 3.1% in the daily timeframe and is attempting to hold a key price area as support once again. Despite the dip, some analysts have suggested that the King of Altcoin is set to start a new expansion phase soon. Ethereum Retests Major Support Zone On Wednesday,…
No Ethereum Rally Until Q4? Analyst Eyes Choppy September Before New Highs
As the crypto market continues to struggle, Ethereum (ETH) is attempting to hold a crucial zone as support to resume its bullish rally. However, some analysts suggest that the cryptocurrency will see another choppy September before the long-awaited Q4 run. Ethereum Party To Be Delayed? Amid the recent market correction, Ethereum closed August around the…
Ethereum Eyes ‘Final Boss’ Level, But Analyst Says Weekly Close Is Key For Price Discovery Run
Ethereum (ETH) is attempting to reclaim a crucial area as price nears its 2021 all-time high (ATH). However, an analyst suggested that this week’s performance will be key for the long-awaited price discovery rally. Ethereum Eyes Last Major Resistance Over the past week, Ethereum has had a remarkable performance, jumping nearly 30% to a multi-year…
Ethereum Breakout Is ‘Imminent’ Amid $3,850 Retest – Analyst Eyes $5,000 For This Quarter
Ethereum (ETH) is attempting to break out of a crucial resistance level after recovering from last week’s lows. Some analysts suggested that the cryptocurrency is repeating past breakout playbooks, which could lead to a new high this quarter. Fourth Time’s The Charm? On Thursday, Ethereum retested the $3,850 level after recording a 6.3% surge in…