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…
Tag: Ethereum rally
Ethereum Plunges 10% After Smashing Into This Historical Barrier
On-chain data shows Ethereum has once again found rejection at a level that has repeatedly acted as a resistance barrier in previous cycles. Ethereum Failed To Breach +1 SD Of Active Realized Price As explained by on-chain analytics firm Glassnode in a new post on X, the ETH rally stumbled after the asset’s price hit…
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…
This Ethereum Metric Called The Bottom Ahead Of Rally, Says Analytics Firm
The on-chain analytics firm Glassnode has revealed an Ethereum indicator that reliably flagged the price bottom in advance of the recent rally. Ethereum NUPL Fell Into Capitulation Zone Earlier In a new Net Unrealized Profit/Loss,” which measures, as its name suggests, the net amount of profit or loss that the investors of the asset as…
Ethereum Consolidates Below $2,800 – Bulls Need This Level To Trigger Next Leg Up
Ethereum is showing resilience amid the recent wave of market volatility and uncertainty. While the broader crypto market has pulled back over the past few weeks, ETH continues to hold firm above the $2,500 level — a key psychological and technical support zone. This strength has caught the attention of traders and analysts who see…
Crypto Analyst Explains What Could Trigger Ethereum Rally To $6,000
An analyst has revealed what may need to happen for Ethereum to rally toward the $6,000 mark, based on a pattern currently forming in its price. Ethereum Has Appeared To Be Moving Inside An Ascending Channel Recently In a new Ascending Channel” from technical analysis (TA). Parallel Channels form when the price of an asset consolidates…
Ethereum Weekly Volume Hits $60 Billion As ETH Aims For Yearly Highs
Ethereum has staged an impressive 35% rally since last Tuesday, marking a bullish breakout as it tests crucial supply levels for the first time since late July. Investor sentiment is increasingly optimistic, driven by a surge in Ethereum’s on-chain activity. Key data from IntoTheBlock reveals that transaction volume on Ethereum’s mainnet has reached its highest…
Ethereum Analyst Shares Correlation With S&P500 – Last Dip Before It Hits $10,000?
Ethereum (ETH) stands at a critical turning point, with opinions split on its future performance this cycle. Some analysts argue that ETH will continue to lag, possibly underperforming against other assets like Bitcoin, which has shown strong momentum. However, others are optimistic, believing Ethereum is poised for an aggressive rally, especially if it can establish…
Ethereum Could Push To $6,000 If This Pattern Holds, Analyst Says
An analyst has explained how Ethereum could see a run toward the $6,000 level if this historical pattern continues to hold for the asset’s price. Ethereum Ascending Channel Could Reveal Its Next Destination In a new post on X, analyst Ali Martinez has discussed a pattern that the 1-week price of Ethereum has potentially been…