Ethereum (ETH) is currently experiencing a notable surge in the market, with technical analysis pointing towards a significant breakout. Analyst Jelle has identified a key pattern shift for Ethereum, breaking out from a “falling wedge” and establishing support zones at key resistance levels. This movement has propelled Ethereum towards the $4,000 mark, indicating a potential
Ethereum
Upon analyzing the technical candlestick arrangement for Ethereum, it becomes evident that ETH prices might be gearing up for a significant upturn in the upcoming weeks and months. A key indicator to watch is the ETH/BTC ratio, which has recently reversed from a multi-year support trend line. Historically, when prices bounce off this line, altcoin
Speculations are on the rise following the sudden approval of the Ethereum Spot ETF last week. Renowned Bloomberg ETF analyst, James Seyffart, recently shared his thoughts on the potential performance of these funds in comparison to their Bitcoin-based equivalents. Seyffart predicts that the Ethereum spot ETFs may only attract about 25% of the demand seen
In recent days, Ethereum has been hovering within a consolidation zone, fluctuating between $3,949 and $3,627. This period of consolidation follows a recent rally that saw the price of the cryptocurrency surge by over 10%. When an asset is consolidating, it typically signifies a buildup of momentum before a potential breakout either above or below
The cryptocurrency market is abuzz with anticipation as the approval of spot Ethereum ETFs looms on the horizon. Thomas Fahrer, the co-founder of Apollo, a firm focused on Bitcoin adoption, has issued a stark warning regarding the potential market dynamics that could unfold following this approval. Fahrer’s insights have sparked a debate within the crypto
The Ethereum whales have been making waves in the market recently, as on-chain data suggests a surge in their activity. These massive investors, known for their ability to make large single transactions, have been increasing the number of large transactions on the Ethereum network valued at more than $100,000. This uptick in activity indicates that
A well-known cryptocurrency trader and expert has recently made a bold prediction regarding Ethereum (ETH). This forecast has caught the attention of the cryptocurrency community, suggesting that ETH is on the verge of a significant rally to unprecedented heights. The analyst has set a target price for Ethereum at $5,300, indicating a bullish outlook for
In the world of cryptocurrency trading, the past 24 hours have been particularly brutal for short traders who were betting on prices dropping. Over $330 million has been liquidated from the market, with the majority of this coming from short positions. More than 78,000 traders have witnessed their positions being liquidated, resulting in massive losses.
Ethereum, the second-largest cryptocurrency by market capitalization, is currently facing a crucial moment as it hovers around a potential breakout. Prominent crypto analyst Jelle recently highlighted a falling wedge pattern on Ethereum’s chart, suggesting a possible bullish signal in technical analysis. This pattern comes as ETH reclaimed its 100-day Exponential Moving Average (EMA), reinforcing the
Recently, a crypto analyst known as ‘Yoddha’ has made a daring prediction regarding Ethereum (ETH), the world’s second-largest cryptocurrency. According to this analyst, Ethereum is poised to embark on a significant rally to new all-time highs above $10,000. Yoddha bases this ambitious prediction on historical trends exhibited by Ethereum from 2016 to 2024, highlighting periods
