Over the past seven days, Ethereum (ETH) has exploded higher, gaining 20% according to price data from Coin360. This meant that it outperformed Bitcoin (BTC), which gained 9% within the same time period.
ETH has actually underperformed a swath of other altcoins, some of which saw massive parabolic rallies in the span of a few days: the Satoshi Vision fork (BSV) gained around 250% at the peak of the rally this week, Ethereum Classic gained 100% in a few days, and ZCash more than doubled.
Related Reading: Watch Out, This New Bitcoin Scam Is All Over Youtube
Despite ETH’s objectively extremely strong performance, analysts are currently worried about what comes next for the second-largest cryptocurrency by market capitalization.
Ethereum Not Headin’ Any Higher, Analyst Concludes
Full-time cryptocurrency trader Calmly recently pointed out that Ethereum’s two-hour chart is showing clear signs of topping in the short term. He elaborated on this point, writing:
“Hard for me to call a top on Bitcoin right now So instead I’ll trade a setup that’s much more convincingly bearish. Ethereum is at weekly resistance and I think the high of the week might have just been put in.”
#Ethereum – Hard for me to call a top on #Bitcoin right now
So instead I'll trade a setup that's much more convincingly bearish. #Ethereum is at weekly resistance and I think the high of the week might have just been put in. pic.twitter.com/XfpMPE5gRN
— Calmly | full-time trader (@im_calmly) January 17, 2020
Indeed, his chart shows that ETH put in a clear swing failure candle, rejecting from $175. He thus noted that the cryptocurrency could retrace 10% or so towards $150 from current prices.
Related Reading: This Late Night Host Just Exposed Millions to Bitcoin, Again
Largely Dependent on Bitcoin’s Price Action
While ETH’s chart is currently looking harrowing in the short term, Ethereum’s price action is primarily dependent on Bitcoin.
And interestingly, analysts are saying BTC is looking bullish in the medium term. Per previous reports from NewsBTC, Adaptive Capital’s Murad Mahmudov, formerly of Goldman Sachs, recently wrote on Twitter that “bears are deluded at best, dishonest at worst,” drawing attention to the below chart which shows that BTC has crossed above a number of key moving averages.
These are including but not limited to the 128-day simple moving average (SMA), 200-day exponential moving average (EMA), 50-week SMA, and 100-week SMA.
Also, the Lucid Stop and Reversal indicator, which “signals a stop and an entry in the opposite direction” when it reverses, just printed an extremely bullish signal; the indicator printed its first buy signal since March 2019, which was prior to a 330% rally that brought BTC above $10,000 and Ethereum dozens of percent higher.
Related Reading: Crypto Tidbits: Elon Musk Pokes Bitcoin Bear, Japanese Giants Delve Into Cryptocurrency Mining, Baidu’s Blockchain Beta
Featured Image from Shutterstock The post appeared first on NewsBTC. origin »
Ethereum has seen its price swings and dips lately. Interestingly, thirteen new mega whales with over 10,000 ETH joined the network within twenty-four hours. This move shows that whales see potential in Ethereum despite its recent turbulent price moves.
Ethereum has faced lackluster price action over the past year, significantly underperforming compared to Bitcoin and many altcoins that have surged during the ongoing market cycle. Once seen as the leader of innovation and growth in the crypto space, Ethereum’s slow movement has left many investors frustrated and questioning its short-term potential.
Ethereum price has underperformed Bitcoin and other popular coins like Ripple and Solana this year. Ethereum (ETH) was trading at $3,400, down by nearly 20% from its highest level in December last year.
Ethereum has been an integral player part of the crypto world for a long time now. Unfortunately, the Ethereum price lately has not seen much going its way. But the growing investments in ETH ETF have raised the possibility of an increase in the Ethereum price.
Ethereum has come a long way since last year, when its price hovered around $2,500. Since then the SEC's approval of Ethereum spot ETFs and the rollout of the Dencun upgrade boosted its adoption and pushed the price higher.
Ethereum price has remained in a tight range this month as its ecosystem faces substantial challenges and increasing competition. Ethereum (ETH), the second-largest cryptocurrency, was trading at $3,310 on January 22, roughly 20% below its November highs. In comparison, Bitcoin…
Drop in new addresses was indicative of the wider lack of ETH demand
Price action and Coinbase Premium pointed towards firm selling pressure in recent weeks
Ethereum [ETH] has shed 12.44% ofThe post Coinbase Premium flashes warning signs for Ethereum's price - Explained appeared first on AMBCrypto.
Ethereum has begun the year much like it ended the last—under a bearish cloud. The altcoin leader has faced a challenging start, with its price plummeting over 16% since January 6. Weak price action continues to dominate as ETH struggles to find strong support, leaving investors cautious about what lies ahead.
Ethereum's funding rate has sharply declined since rejection at $4k
On the price front, ETH has declined by 10.08% over the last 7 days
Over the last 3 weeks, Ethereum [ETH] has struggled toThe post Ethereum price prediction - Holding on to $3K may be key because... appeared first on AMBCrypto.
The recent Ethereum price fluctuations have left traders and investors on edge, particularly as the Ethereum price has now dipped below $3,500. This decline comes amid a broader market correction, prompting many to shift their focus toward promising altcoins that could yield significant returns.
As the crypto market prepares to close the year, the Ethereum price is showing strength against Bitcoin (BTC) as it aims for a mid-high timeframe reversal. A breakout above a critical resistance level could signal a potential shift in price action, paving the way for Ethereum’s dominance and potential rally in Q1 2025.
Ethereum (ETH) price consolidates after a 6% weekly gain. Neutral RSI and whale activity hint at potential moves, with $3,523 resistance in sight.
The post Ethereum (ETH) Price Return to $4,000 Could Be Postponed For Now as Showed By These Metrics appeared first on BeInCrypto.
The price of Ethereum broke down as the wider market corrected, but a well-known pundit remains optimistic about Ether’s price trajectory leading into 2025.
Ethereum price retreated on Boxing Day as the gains made during the Santa Claus rally were erased. Ethereum (ETH) token fell to $3,340, down by over 5.6% from its highest level this week. This retreat happened as a sea of…
The Ethereum price is showing signs of a breakout, as an analyst has identified the formation of an inverse head and shoulder pattern on its 6-month long-term price chart. This bullish formation has fueled predictions that Ethereum could rally to $12,000 soon, marking a new all-time high for the second-largest cryptocurrency by market capitalization.
Ethereum price has retreated sharply in the past few days after finding substantial resistance at $4,000. Ethereum (ETH) traded at $3,340 on Monday as cryptocurrencies stabilized. This was slightly up from last week’s low of $3,100. Seasonality data suggests that…
The Ethereum price has been a joy to watch in recent weeks after initially struggling to keep pace with other large-cap cryptocurrencies. However, the past week will be a quick one to forget for the crypto market, especially the altcoin, which declined in value by over 12%.
The crypto market is buzzing with anticipation as the Ethereum price skyrockets towards a predicted $15,000, fueled by a wave of ETF inflows. The excitement surrounding the Ethereum price potential has never been higher, with projections suggesting a 400% rally in the coming months.
Ethereum price has stalled at the resistance level of $4,000, but on-chain metrics and other external factors points to more gains. Ethereum (ETH), the second-largest cryptocurrency by market capitalization, was trading at $4,008. But the momentum failed to continue as…
The price of Ethereum has been on a remarkable run in the past week, returning above the $3,500 level for the first time since July 2024. This single-week performance represents a change in the fortunes of the “king of altcoins,” which somewhat slowed down after a great start to the month of November.
Ethereum price staged a strong breakout on Nov. 27 as Bitcoin and most altcoins bounced back after days in the red. Ethereum (ETH), the second-biggest cryptocurrency, jumped to $3,690, its highest level since June 10. It has soared by 70%…
Ethereum price struggled to extend gains above the $3,220 resistance zone. ETH is slowly moving lower and approaching the $3,060 support. Ethereum is consolidating and facing hurdles near $3,200.
Ethereum’s price has pulled back in recent days as some whales continue to sell their tokens. Ethereum (ETH) retreated to $3,058 on Monday, Nov. 18, from this month’s high of $3,445. This retreat means that it has moved into a…
Investors started to accumulate ETH when altcoin's price dropped from $3.4k
NVT ratio revealed that Ethereum was undervalued on the charts
Ethereum [ETH], the world's largest altcoin, hit a The post Mapping how Ethereum's price can return to $3,400 and beyond appeared first on AMBCrypto.
Ethereum long-term holders sold $89. 72 million worth of ETH.
Market fundamentals suggested a potential price correction as transfers into exchanges spiked.
In the past 48 hours, the crypto mThe post Ethereum: $89.
Ethereum price has remained under pressure as exchange reserves rise, ETF inflows stall, and its market share in decentralized finance declines. Ethereum (ETH) was trading at $2,550 on Friday, Nov. 1, down by 37% from its highest level this year.…
Technical analysis suggests the days of the Ethereum price consolidation might be over very soon. At the time of writing, Ethereum is trading with a 0. 07% gain in the past 30 days, which reveals the current consolidation situation it finds itself under.
Investors are optimistic once again as the hope of the Ethereum price rallying to $5,000 hit the crypto market. In a recent report, Ethereum co-creator Vitalik Buterin spoke at length about upcoming solutions to Ethereum’s (ETH) staking, block production issues, and prevent centralization of proof-of-stake to Ethereum L1.
Ethereum’s netflows to derivatives and increased leverage point to potential volatility and market risk.
Retail interest in Ethereum remains strong despite recent price challenges, with activThe post Top reasons Ethereum might see more price swings soon appeared first on AMBCrypto.
The Ethereum price is signaling a potential breakout based on recent price movements. According to Trader Tardigrade, a crypto analyst on X (formerly Twitter), Ethereum could see its value reaching new all-time highs of around $10,000 if it can successfully break out of its current symmetrical triangle formation.
Ethereum price extended losses and tested the $2,450 support zone. ETH is recovering losses and faces many hurdles near the $2,550 level. Ethereum started a downside correction below the $2,550 support.
The Ethereum price has just broken out of a key symmetrical triangle pattern, signaling a potential surge to new levels above $3,000. The recent breakout is seen as a bullish indicator for the top altcoin by analysts who have closely watched the Ethereum price action for the past few months.
Ethereum price is correcting gains from the $2,720 resistance. ETH is now trading below $2,650 and might find bids near the $2,600 level. Ethereum started a downside correction from the $2,720 zone.
The drop in Ethereum’s price points to a market walking on eggshells, with sellers taking the upper hand, challenging critical support levels and raising investor concerns. In contrast, Litecoin shows signs of bouncing back, with its price actions hinting at potential yet with a reserved optimism in the volatile crypto market.
Ethereum price has remained in a strong bear market this month amid negative headlines from the biggest chain in the crypto industry. ETH was trading at $2,360 on Friday, down by over 42% from its highest point this year.
With the Coinbase Premium Index dropping and more Ethereum (ETH) flowing into exchanges, on-chain data suggests the altcoin could face further declines
The post Ethereum Price Risks Freefall to $1,600 appeared first on BeInCrypto.
Ethereum price is attempting a recovery wave above $2,420. ETH must clear the $2,500 resistance to continue higher in the near term. Ethereum is attempting a recovery wave from the $2,320 zone. The price is trading below $2,480 and the 100-hourly Simple Moving Average.
Realized price of Ethereum suggests ETH is in a bull trend right now
Ethereum's price action and on-chain analysis seemed to support this analysis.
Ethereum [ETH] has remained resilient, hThe post Ethereum.
Ethereum price tested the $2,400 zone and recovered some losses. ETH must clear the $2,550 resistance zone to start a decent increase in the near term. Ethereum started a consolidation phase after a sharp decline to $2,400.
Historically, Bitcoin has achieved all-time highs (ATH) on November 28 in both 2013 and 2017. With November 28, 2024, imminent, investors are speculating whether Bitcoin could reach the $100,000 mark on this significant date.
Despite Bitcoin's recent rally, on-chain data reveals the bull market still has plenty of room to grow. Metrics like the MVRV Z-Score, NUPL, and Puell Multiple suggest Bitcoin is far from overheated, pointing to potential for significant upside in the months ahead.
As October approaches, investors are looking ahead to what the month will bring this time around for Bitcoin and the entire crypto industry. Historically, October (often referred to as “Uptober”) has been a month of significant upward momentum for Bitcoin since the crypto’s creation.
Bitcoin fell to lows of $56k again as crypto dumped amid a fresh surge in stocks. Many altcoins are mirroring this dump, including Polygon and Bitcoin Dogs. Yet, as the market experiences new downside pressure at the start of a historically tough September, most experts are doubling down on a bounce for Bitcoin in coming […]
The post 0DOG and MATIC price prediction amid Polygon’s token swap appeared first on CoinJournal.
The cryptocurrency market experienced a significant rally last week, providing a much-needed boost for many short-term speculators to turn profits. Bitcoin led the charge, surpassing the $64,790 mark, though the momentum appeared to have eased by the time of writing.
Both experienced traders and experts are drawn to Litecoin (LTC). Declaring it “about time for LTC to wake up,” John Bollinger, the author of the well-known Bollinger Bands, recently hinted to an upcoming change for LTC.
