Ethereum (ETH) may be on the cusp of seeing a massive parabolic rally, with the crypto’s recent bullishness laying the groundwork for what could be a violent upwards movement.
The firm uptrend that ETH has been caught within throughout 2020 has allowed it to slowly grind up towards the $200 level – a price region that has not been seen since September of last year.
Analysts are now widely noting that ETH’s decisive break above $200 could lead to a “moonshot” rally, with a recently formed technical formation also suggesting that ETH could be on the cusp of seeing parabolic returns.
Ethereum Smashes Through $200 as Analysts Eye a “Moonshot” Rally
At the time of writing, Ethereum is trading up just under 10% at its current price of $204.81, which marks a massive climb from daily lows of $188 that were set just prior to the momentum that was incurred earlier this morning.
This bull-favoring momentum has come about in tandem with Bitcoin’s climb to highs of $9,800, which appears to be a near-term resistance region for the cryptocurrency.
It is important to note that $200 was previously a critical resistance region for Ethereum, and its decisive break above this level seems to suggest that its 2020 rally is about to turn parabolic.
Crypto Rand – a highly respected cryptocurrency analyst on Twitter – explained in a recent tweet that investors should expect a “moonshot” if ETH decisively breaks through $200.
“If ETH breaks $200 expect a moonshot,” he said while pointing to the chart seen below.
If $ETH breaks $200 expect a moonshot pic.twitter.com/36hBdyQNxO
— Crypto Rand (@crypto_rand) February 5, 2020
While looking at this chart, it does seem as though Ethereum’s next resistance region exists around $230.
This Technical Pattern Suggests ETH’s Rally is About to Turn Vertical
Galaxy, another prominent cryptocurrency analyst on Twitter, explained in a recent tweet that Ethereum’s recent price action resembles bottoms seen prior to previous parabolic rallies, and that this next movement could send it above a multi-year descending trendline.
“If ETH breaks the green line it’s showtime,” he said while pointing to the aforementioned technical patterns seen on the below chart.
If $ETH breaks the green line it's showtime pic.twitter.com/ynwPOEwanF
— Galaxy (@galaxyBTC) February 5, 2020
While considering the confluence of all these bullish factors, it does appear to be highly likely that Ethereum’s ongoing rally is about to turn parabolic, potentially leading it to significantly outperform both Bitcoin and the aggregated crypto markets in the coming days and weeks.
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Ethereum broke the $3,000 price level recently.
Over 2.8 million addresses bought ETH at the current price level, making it a key level.
While Bitcoin[BTC] captured headlines with its all-tiThe post Ethereum breaks $3,000: Can ETH hold support at THIS level appeared first on AMBCrypto.
Ethereum’s ETH outlook remains bullish on the daily chart despite posting notable losses in the past week. However, it is currently on the verge of losing a key support level to retest a recently broken resistance line.
ETH bulls might regain control after the price drops to the 0.786 Fibonacci level.
Federal Reserve’s interest rate announcement adds a layer of uncertainty.
In the last two weeks, we obserThe post ETH could offer a bullish relief after retesting this important level appeared first on AMBCrypto.
Key takeaways Ether has been trading around the $1,800 region over the past few weeks. The crypto market is slowly recovering from its recent slump and ETH could target the $2k psychological level soon.
Ethereum price is climbing higher and it recently broke the $194. 80 resistance area vs the US Dollar. ETH to USD is showing positive signs and it could rise further towards the $220. 00 level. Key Takeaways: ETH/USD Ethereum price is surging and it cleared the $191.
Ethereum’s 2020 uptrend allowed ETH to forge a firmly bullish market structure that many analysts had expected to catalyze a massive parabolic rally. This bullish possibility is now at risk of being invalidated, however, as the crypto was rejected overnight at a key level.
Ethereum’s firm 2020 uptrend has been quite significant, as it has drastically altered the cryptocurrency’s market structure, making ETH look to be incredibly bullish at the moment. It is important to note that ETH is currently on the cusp of breaking above a key resistance level that could catalyze a significant upwards movement against its... The post appeared first on NewsBTC.
Ethereum (ETH) has found itself caught within a firm upwards trend over the past month, which has come about in tandem with the uptrend seen by the aggregated crypto markets throughout 2020. This momentum reached a boiling point yesterday evening when Bitcoin rallied to fresh 2020 highs of $9,500 before finding some resistance, which in... The post appeared first on NewsBTC.
September 2019 saw ETH drop from $220 to $254 in just a matter of days, and Ethereum hasn't been able to move back above the $210 mark ever since. However, the daily chart indicated that this level miThe post Ethereum could rise to $210 for the first time since September appeared first on AMBCrypto.
Ethereum found support near the $158 area and climbed around 5%, just like bitcoin. However, ETH price is facing a strong resistance near $170, above which it could continue higher. After forming a support base near the $158 level, Ethereum recovered above $162 against the US Dollar.
Ethereum has incurred some decent upwards momentum today after Bitcoin’s bulls generated some buying pressure that allowed the crypto to surge past $8,500. ETH still remains stuck within the $160 region, but it is looking increasingly likely that it will soon climb higher.
Ethereum price is declining and it recently broke the $160 support, similar to bitcoin. ETH price is likely to continue lower below the $158 and $155 support levels in the near term. Ether price is showing a few bearish signs below the $162 level against the US Dollar.
Ethereum has been able to continue inching higher today after ETH outperformed Bitcoin and the aggregated crypto market yesterday. This upwards movement is very tempered, however, and the crypto is still struggling to break back above $170.
Ethereum has been able to begin gaining some tempered momentum following its recent drop to lows of $162, as ETH has now pushed its way back up towards the $170 region. Although the cryptocurrency is still trading down slightly from its recent highs of $177 that was set this past Saturday, its ability to hold […]
The post Ethereum’s consolidation trend may turn into a full-blown bull rally if it breaks this key level appeared first on CryptoSlate.
Ethereum found support near the $158 level and started a fresh increase, similar to bitcoin. ETH is gaining momentum and it could soon break the $170 resistance. Ether price started a fresh increase after it found support near $158 against the US Dollar.
For months and months, Ethereum (ETH) has been in the trenches of a bear trend. Even in 2019, when global markets saw near-record gains and Bitcoin gained 90% in 12 months, the second-largest cryptocurrency by market capitalization posted a loss, managing to underperform effectively everything.
Ethereum defied gravity and trading with a bullish bias above $135 against the US Dollar, similar to bitcoin. ETH price is likely to continue higher above the $150 level. ETH price remains well supported above the $135 and $138 levels against the US Dollar.
Following Bitcoin, Ethereum price has also fallen back to $138 after rising to the early December level. In the past 7 days, the second-largest cryptocurrency has only seen an increase of 6. 81% in its value.
Ethereum’s recent uptrend reached a boiling point yesterday when the cryptocurrency rallied to highs of $148, which is the level at which ETH met significant selling pressure that led to a strong and swift rejection.
The Ethereum price has reached a significant resistance level, a breakout above which could indicate that the price has begun an upward trend. On December 17, the Ethereum price broke down below a significant support area and, at the time of writing, was trying to reclaim it.
Ethereum has had a great week, as it has been able to post consistent gains that have allowed ETH to claim a stable position within the $140 region. Despite this, it has been woefully underperforming Bitcoin over the past 24-hours, and it is unclear whether it will soon begin a descent as investors transfer capital... The post appeared first on NewsBTC.
Ethereum is trading in a bullish zone above the $140. 50 pivot level vs the US Dollar. ETH to USD could correct in the short term before a fresh increase above $145. 20. Key Takeaways: ETH/USD Ethereum price traded to a new yearly high at $145.
Ethereum has a bullish short-term trading bias and a bearish medium-term outlook The four-hour time frame shows that a bullish inverted head and shoulders pattern has formed The daily time frame shows that a breakout above the $140 level could be very bullish for ETH/USD Ethereum is moving higher on Monday, as the second-largest cryptocurrency […]
The post Ethereum Technical Analysis Sees ETH Track BTC Higher appeared first on Crypto Briefing.
Ethereum (ETH) has found itself caught within a firm uptrend over the past several days, which has allowed it to quickly near its next key resistance level at $140, with a break above the resistance that exists here potentially allowing it to climb significantly higher.
After attempting to hold above $130 yesterday, Ethereum’s sellers were able to push it below this level, and it now appears that ETH is targeting its near-term support levels that exist at $125 and $120 respectively.
After reclaiming the $130 level earlier this past week, Ethereum (ETH) is currently struggling to hold above this level as bears attempt to take full control of the aggregated cryptocurrency markets.
Despite the lackluster price action seen by Bitcoin over the past several days, Ethereum (ETH) has been able to climb back above its previous resistance level at $130 and find some decent buying pressure at this price region, which has come about after an extended period of trading sideways just above its key support level... The post appeared first on NewsBTC.
Ethereum is up more than 5% and it broke the $130 and $132 resistance levels against the US Dollar. The price is currently consolidating near the $135 level, with a positive bias. There is a key bullish trend line forming with support near $131 on the hourly chart of ETH/USD (data feed via Kraken).
Ethereum’s price action has been largely bearish over the past several days and weeks, with ETH facing multiple strong rejections that have pointed to some underlying weakness amongst the cryptocurrency’s bulls.
Ethereum’s price action has been fully exposed to Bitcoin’s recent bearishness over the past several days and weeks, struggling to garner any independent upwards momentum. This price action has led ETH to remain stuck beneath $130, which appears to have become a resistance level for the cryptocurrency.
Ethereum is climbing higher and trading nicely above the $130 level against the US Dollar. The price is likely to continue higher once it surges above the $150 resistance. There is a rising channel forming with support near $133 on the hourly chart of ETH/USD (data feed via Kraken).
Ethereum’s block rewards have fallen to their lowest level yet with 10,254 eth per block worth circa $1.5 million a day. In addition, 410 eth per uncle orphaned blocks and...
The post Block Rewards Drop to 10,000 ETH Amid Issuance Reduction Discussion appeared first on Trustnodes.
Ethereum has been closely tracking Bitcoin’s price action in recent times, which has proven to be largely bearish. Both BTC and ETH are now trading at key support levels, and any further near-term downside could spark a massive capitulatory sell off that sends the cryptos reeling lower.
Ethereum is slowly recovering from the $140 support area against the US Dollar. The price is currently facing resistance near the $145 level and the 100 hourly SMA. There was a break above this week’s key bearish trend line with resistance near $144 on the hourly chart of ETH/USD (data feed via Kraken).
Ripple price rallied recently above the $0. 2220 resistance, but failed near $0. 2265 against the US dollar. The price currently declining and it is approaching the pre-rally level near $0. 2100.
Coinspeaker Crypto Price Analysis December 4: BTC, ETH, EOS, LTC, BCHThe bearish pressure on the market remains intact. However, the assets are testing the support level, and if the bulls manage to hold the levels, we should expect a good bounce up and an attempt of an upward movement.
Coinspeaker ETH/USD: Is Ethereum Underpriced?Ethereum price continues to consolidate within a narrow trading range between the level at $143.33 and $157.73.ETH/USD: Is Ethereum Underpriced?
It has been a wild week for Bitcoin and the aggregated crypto market, and major altcoins like Ethereum (ETH) have been unable to avoid the massive volatility that has been brought about by Bitcoin’s relatively large price swings that it has faced over the past month.
Ethereum is recovering after trading as low as $131. 86 vs the US Dollar. ETH to USD is still in a downtrend as long as the $163. 00 resistance is intact. Key Takeaways: ETH/USD Ethereum price is approaching a couple of key resistances near the $154.
Ethereum is currently correcting higher from the $132 low against the US Dollar. Bitcoin price is also recovering and it is now trading above the $7,000 level. Yesterday’s major bearish trend line was breached with resistance near $145 on the hourly chart of ETH/USD (data feed via Kraken).
Ethereum is declining and it recently failed to recover above the $155 resistance against the US Dollar. Bitcoin price is now trading well below the $7,000 level and tested the final $6,500 bearish target.
Bitcoin’s recent drop to the low-$8,000 has sent bearishness echoing across the aggregated market, leading major altcoins like Ethereum to post relatively large losses. ETH, which was testing an upwards break above $190 prior to BTC’s drop, is now trading below a key support level.
Ethereum’s price action has been closely mirroring that of Bitcoin’s in recent times, which has made it prone to seeing heightened levels of selling pressure in spite of ETH’s multiple recent attempts to break above its long-established resistance level at $190.
Ethereum’s price action has been closely tracking that of Bitcoin’s in recent times, which has led it to experience some bearishness overnight as the crypto now nears the lower-$180 region – a consistent level of support for ETH.
Ethereum has been stuck below its near-term resistance level at $190 for the past several weeks, and both ETH’s bulls and bears have been deadlocked as they hold the cryptocurrency steady within the mid-$180 region.
The crypto market is imploding, with the total market capitalization in the industry crashing from over $3. 5 trillion in November to $2. 58 trillion. Bitcoin and most altcoins like Shiba Inu, Pepe, XRP, and Pi Network have all retreated by double digits from their 2024 highs.
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