ETHEREUM PRICE ANALYSIS & PREDICTION (February 12) – ETH Retests $2,500 After A Solid Rebound, What’s Next Target?

2024-2-14 20:50

Alongside other coins, Ethereum recovered significantly in the past weeks after sitting well above key monthly support. Unlike Bitcoin, it has yet to revisit its previous high as the price faces key resistance.

As expected, Ethereum finally retested the important $2,500 level as resistance during last weekend’s trading but it seemed to be finding it difficult to advance higher due to a slight rejection. 

This recent recovery came after holding well above the $2,100 support for two months. After that, it formed a bullish (double-bottom) pattern and bounced back. 

Following the recent rejection, the price has retraced under the mentioned resistance level over the past few hours, showing a sign of weakness. ETH is currently in red as it shed about 2% losses overnight. 

A continuous drop below this resistance level could bring an end to the three-week recovery. Although the bullish pattern is still much intact on the daily chart. There is still room for an increase if the buyers continue to commit. 

However, it appeared to be mirroring Bitcoin’s movement with the same pattern that sent its price near $49,000 last month. If this pattern plays for ETH, the price may rally hard to $3000 in the next couple of days. 

ETH’s Key Level To Watch Source: Tradingview

Right now, the closest supports for a drop can be found at the $2,445 and $2,340 levels. If the price drops below this level, the next support level to keep in mind is $2,222, followed by the important $2,100 level. A breakdown from there could send the price to $2,000 in no time. 

If Ethereum’s price advances higher, the resistance levels to consider on the way up are $2,566 and $2,717. A surge through these levels could push the price to new monthly highs – $2,800, $2900 and $3,000 in succession.

Key Resistance Levels: $2,566, $2,717, $2,800

Key Support Levels: $2,445, $2,340, $2,222

Spot Price: $2,482 Trend: Bullish Volatility: Low

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!

Image Source: nawadoln/123RF // Image Effects by Colorcinch

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Ethereum (ETH) на Currencies.ru

$ 3545.86 (-1.21%)
Объем 24H $40.167b
Изменеия 24h: -2.50 %, 7d: 6.61 %
Cегодня L: $3523.8 - H: $3665.21
Капитализация $427.071b Rank 2
Цена в час новости $ 2635.14 (34.56%)

ethereum key price unlike bitcoin support monthly

Источник: nulltx.com

ethereum key → Результатов: 126


Фото:

The Future of Altcoins May Depend Entirely on Ethereum’s Reaction to a Key Level

It’s no secret that Ethereum holds heavy influence over the altcoin market, with its price swings and general trend often influencing that of smaller altcoins Where they trend in the near-term may largely depend on Ethereum’s reaction to $600, as this has long been a key level for the cryptocurrency that has hampered its growth Breaks above here have been fleeting, with sellers largely controlling the region between $600 and $620 A firm break above […]

2020-12-16 00:30


Ethereum’s consolidation trend may turn into a full-blown bull rally if it breaks this key level

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.

2020-1-22 16:41


Фото:

China’s National Digital Currency is Anything but Decentralized says Ethereum Co-Founder

China’s national digital currency is in the works, which would monitor transactions and curb money laundering. However, according to a recent interview with CNBC on November 5, 2019, Ethereum co-founder, Joseph Lubin, believes that China’s central bank digital currency (CBDC) lacks a key component of blockchain technology, which is decentralization.

2019-11-6 10:00


In-person meatspace protocol to prove unconditional possession of a private key

Recommended pre-reading: https://ethresear. ch/t/minimal-anti-collusion-infrastructure/5413 Alice slowly walks down the old, dusty stairs of the building into the basement. She thinks wistfully of the old days, when quadratic-voting in the World Collective Market was a much simpler process of linking her public key to a twitter account and opening up metamask to start firing off votes.

2019-10-2 04:03


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Куда летит Bitcoin? Аналитики ждут параболический рост

По мнению экспертов, Bitcoin вот-вот всех удивит. Так, один из известных аналитиков считает, что мы только что вошли в фазу мощного роста, которая продлится до конца 2025 года. Криптоаналитик под псевдонимом Rekt Capital заявил, что прорыв Биткоина выше $69,000 — это сигнал к началу «параболического роста».

Сколько заработали те, кто вложились в Bitcoin 10 лет назад?

Если бы вы купили Биткоин 10 лет назад, в 2014 году, когда он стоил $378, сегодня вы бы получили просто невероятную прибыль. Вот для сравнения доход от инвестиций в BTC при разных суммах вложений: $100 стали бы $25,159 $500 — $125,795 $1000 — $251,590.

Bitcoin в 2024: $100К или $150К — чем закончится этот год?

Последние аналитические данные показывают, что шансы на то, что Биткойн достигнет $100 000 до конца 2024 года, сейчас составляют 45%. Это гораздо больше, чем еще пару недель назад, когда вероятность была только 34%.

Bitcoin reserve bill introduced in Brazil

Bitcoin adoption could get another boost from Brazil. This is after a Brazilian Congressman introduced a bill proposing adoption of BTC as national reserve asset. US lawmakers are also pushing for a Bitcoin strategic reserve.

Bitcoin tops $98,000 as rally gains momentum

Bitcoin has jumped to $98,370, its highest-ever price as bulls target $100,000. The flagship cryptocurrency has rallied higher since Donald Trump’s re-election on Nov. 5 Bitcoin’s march towards $100,000 continued Thursday as the benchmark crypto asset broke past $98,000 for the first time ever.

Hoth Therapeutics to buy up to $1 million worth of Bitcoin

Hoth Therapeutics, a publicly-traded biopharmaceutical company, has adopted Bitcoin (BTC) as a treasury asset. The clinical-stage biopharmaceutical company announced on Nov. 20 that its board of directors had approved adding BTC to its balance sheet.