Ethereum’s firm 2020 uptrend appears to be shifting its market structure to be overwhelmingly bullish, as ETH has been able to significantly outperform Bitcoin and the aggregated crypto markets over the past 24-hours.
In the near-term, analysts do believe that today’s breakout rally marks a pivoting point for the cryptocurrency, which could allow it to start a massive rally that potentially leads it to climb to fresh multi-year highs.
In order for this possibility to be validated, however, there is a key level that the cryptocurrency needs to decisively break above.
Ethereum Breaks Into $190 Region as Analysts Eye a Move to $200
At the time of writing, Ethereum is trading up just under 6% at its current price of $192, which marks a notable climb from its daily lows of $180 that were set yesterday when the entire market drifted lower due to BTC’s drop to $9,200.
It is important to note that Ethereum’s 2020 uptrend has not been parabolic as of yet but has rather marked a slow and steady upwards climb.
In order for this uptrend to turn into a full-fledged parabolic rally, however, it is important that the cryptocurrency breaks above $200, as this is the only key resistance level that is stopping ETH’s rally from turning vertical.
Nik Patel, a prominent crypto analyst, spoke about the importance of this resistance level in a recent blog post, in which he explains that there are very few reasons to be bearish on the crypto right now.
“There is very little to bearish about right now, with the next resistance at $200… The most bullish aspect of this all, in my opinion, was the bullish engulfing candle from three days ago that close above both the 200MA and the 360MA,” he explained.
Is ETH About to See a Massive Parabolic Rally?
An imminent break above resistance at $200 isn’t the only thing currently counting in Ethereum’s favor, as its weekly chart is showing signs that its ongoing rally is about to turn parabolic.
Galaxy – a prominent cryptocurrency analyst on Twitter – explained in a tweet that “it’s happening” while referring to the bullish candle it just posted on its weekly chart.
It's happening. $ETH pic.twitter.com/kSombw5v60
— Galaxy (@galaxyBTC) February 2, 2020
Because Ethereum is about to break above its key resistance at $200 and it does appear that its market structure has become fully bullish, the cryptocurrency could soon see significantly further upside.
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Ethereum's price has been on an impressive recovery sun since it fell on 12 March. In fact, since Black Thursday, ETH has surged, with the cryptocurrency recording a 64 percent hike over its pre-12 MaThe post Three main reasons why Ethereum will sustain this uptrend appeared first on AMBCrypto.
Ethereum’s price has been caught within the throes of an intense uptrend throughout the past few days, surging from its recent low of $230 to a high of $285 that was set earlier today.
The post Ethereum long positions on Bitfinex soar to $510M as uptrend builds momentum appeared first on CryptoSlate.
Ethereum has been able to secure a relatively strong foothold within the $180 region over the past several days and weeks, with its multi-week uptrend allowing it to post consistent gains in tandem with Bitcoin...
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.
Ethereum price is rising and it recently broke the $169. 50 and $175. 50 resistance levels vs the US Dollar. ETH to USD traded as high as $178. 29 and it is likely to continue higher. Key Takeaways: ETH/USD Ethereum price is trading in a nasty uptrend above the $169.
The cryptocurrency market appears to have started the week on a positive posture as the top cryptos by market cap are already posting significant gains. Now, some of the most prominent technical analysts in the industry have laid out their perspectives about Bitcoin, Ethereum, and XRP.
Ethereum, XRP, and Litecoin appear to have reached an exhaustion point following the uptrend they entered since the beginning of the year. Now, a technical index estimates that these cryptocurrencies could be bound for a correction before the continuation of the bullish trend.
After incurring a slight pullback over the past couple of days, Ethereum and the aggregated cryptocurrency markets appear to be primed for an extension of their recent uptrend. This overt strength is coming about as...
Ethereum gained bullish momentum above the $170 resistance against the US Dollar, and bitcoin jumped above $9K. ETH price is likely to continue higher towards the $195-$200 resistance area. ETH price is showing a lot of positive signs above the $165 and $170 levels against the US Dollar.
Ethereum’s recent uptrend has allowed it to take a firm position within the $170 region, which marks a massive climb from ETH’s 2020 lows that currently sit at roughly $127. This massive climb has come about against a backdrop of immense bullishness throughout the aggregated crypto markets.
It has grown increasingly unclear in recent times as to whether or not the aftermath of the recent uptrend seen by Bitcoin and major altcoins like Ethereum (ETH) marks any type of fundamental shift in market structure, or if it is simply another lower-high that will be followed by further losses.
Ethereum has seen some sizeable gains over the past several days and weeks, although this uptrend may be short lived due to a top formation that it just posted on its daily chart right below...
Ethereum is gaining bullish momentum above the $147. 80 and $150. 00 resistance levels vs the US Dollar. ETH to USD is likely to accelerate higher above the $155. 00 resistance in the near term.
Ethereum is gaining bullish momentum above the $145 resistance versus the US Dollar. ETH is likely to surge above the $148 and $150 resistance levels, while bitcoin already broke the key $8,400 resistance.
There’s no doubt the crypto market has suffered a brutal beating in the last 48 hours. Bitcoin, Ethereum, XRP, and a majority of other leading cryptocurrencies have all posted approximately 8% losses since Tuesday’s peak, tumbling as buyers failed to maintain the relatively high prices seen in the uptrend.
Ethereum started a downside correction from the $148 resistance versus the US Dollar, similar to bitcoin from $8,450. However, ETH price is still in an uptrend unless there is a close below $135. Ether price corrected lower after it failed to bounce from the $142 support against the US Dollar.
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.
Ethereum is up around 5% and trading above key hurdles near $140 versus the US Dollar. Bitcoin and ripple surged 5% and 12% respectively, opening the doors for another increase in ETH. Ether price is now trading above the key $140 and $142 resistance levels against the US Dollar.
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.
Ethereum is holding the main $144 support, but also struggling to rise against the US Dollar. The price is now trading below the previous support (now resistance) near $148. There is a key bearish trend line forming with resistance near $147 on the hourly chart of ETH/USD (data feed via Kraken).
Ethereum’s blockchain network has been on a fundamental uptrend with more Decentralized Finance (DeFi) launching within its ecosystem. The network is now hitting record highs of 2. 7 million ETH; this activity is however not reflecting on the price of its native coin.
Ethereum is trading above the key $145 and $146 support levels against the US Dollar. The price is likely to surpass the $150 and $152 resistance levels in the near term. There is a new connecting bearish trend line forming with resistance near $150 on the hourly chart of ETH/USD (data feed via Kraken).
Ethereum’s metrics have recently seen an interesting uptick since loans issued on Ethereum have been increasing throughout the year. Many people are suggesting that this is a result of the anticipation for Ethereum 2.
ETH price declined recently below the $188 and $186 support levels against the US Dollar. The price is still trading above the key $180 and $178 support levels. There is a crucial bullish trend line forming with support near $180 on the 4-hours chart of ETH/USD (data feed via Kraken).
Azure Blockchain Tokens is a recently launched Microsoft platform being used to design tokens that are used in a specific version of the Ethereum blockchain. The platform allows for the design and issuance of a variety of assets that are exclusive to a single place and time.
Ethereum is gaining momentum above $188. 20 resistance area vs the US Dollar. ETH to USD remained well supported on dips and it could continue to rise towards $198. 00 and $204. 00. Key Takeaways: ETH/USD Ethereum price is trading in an uptrend above the $184.
Ripple price is trading above the $0. 2980 and $0. 2950 support levels against the US dollar. The price is likely to break the $0. 3060 and $0. 3080 resistance levels in the near term. There is a major rising channel forming with support near $0.
Ethereum’s recently incurred upwards momentum has faltered after Bitcoin and the aggregated crypto markets hit a massive level of resistance overnight that shifted the tides and sparked a short-term downtrend.
After attempting to move higher yesterday, Ethereum (ETH) has once again faced an influx of selling pressure that has thwarted the potential rally that some analysts and investors were previously eying as a strong possibility.
Ethereum (ETH) has been incurring significant upwards momentum over the past several days and weeks and has been able to sustain its upwards momentum despite the drop in the aggregated crypto markets that occurred over the past 24-hours.
Ethereum (ETH) has been standing at the helm of the recent upwards momentum incurred by the aggregated crypto market, and it has been able to extend its momentum in spite of Bitcoin erasing much of its recent gains during an overnight drop.
ETH price traded to a new monthly high close to $240 before correcting lower against the US Dollar. The price is currently holding an important support near the $222 and $224 levels. Yesterday’s highlighted important bullish trend line is active with support near $224 on the hourly chart of ETH/USD (data feed via Kraken).
Bitcoin is giving signs that its bull rally resumed after breaking above $12,000 again. Other cryptocurrencies are not following the momentum, allowing BTC to regain 70 percent dominance. Despite other altcoins losing in satoshis, this technical analysis will explore whether Ethereum, XRP and Binance Coin have the potential to follow Bitcoin’s uptrend.
The sentiment around Ethereum has shifted from ultra bullish to bearish in less than a month. On June 26, investors were extremely bullish as the No. 2 cryptocurrency as its price rose from a 2018-bottom of $83 to the 2019-high of $363.
Ethereum and most of the altcoin market has been largely on an uptrend in 2019, with many people in the industry speculating that the altcoin boom is right around the corner. To ensure Ethereum meets the scalability standards of other altcoins in the space, the research wing of the organization recently published a report talking […]
The post Vitalik Buterin shares latest updates to ramp up Ethereum’s ‘short-term privacy solutions’ appeared first on AMBCrypto.
On the 10th of July, ETH broke down from the current uptrend at around $290 visible in my ethereum price previous analysis. Since then, price levels have dropped back to support levels around $230 resulting in a 20% move in favor of the bears.
Over the last 7 Days, Ethereum has clearly bounced three times off rising trendline support formed as a result of the most recent uptrend. This is a good sign that price levels will hold the uptrend and continue to rise throughout July.
Tron and Ethereum have had a tumultuous few weeks. The Justin Sun-led Tron, despite developments and updates, has struggled to go up on the charts, while Ethereum continues to be the best performing altcoin in the cryptocurrency ecosystem.
Ethereum and the aggregated crypto markets surged yesterday just prior to Bitcoin incurring a sudden influx of selling pressure that sent the markets reeling down. Despite this, ETH is still in a clear uptrend, and improving fundamental conditions could help it surge higher.
Despite Bitcoin being in a firm uptrend over the past few months, the aggregated crypto markets have largely experienced lackluster price action, but Ethereum (ETH) may be one of the few exceptions as it has been closely tracking BTC as of late.
Ethereum has seen a brief correction towards the current uptrend parabola. Analysis suggests this trend has not broken yet, and could accommodate for further upwards momentum as we progress towards the month of July.
Unlike previous weekends in this uptrend, Bitcoin (BTC) was rather mild on Saturday night and Sunday. As of the time of writing this, BTC has found itself trading for $11,000 flat — down some 3% from year-to-date.
EOS price climbed above the key $6. 85 resistance levels. EOS is likely to continue higher in the near term similar to bitcoin, ETH, XRP and litecoin. Key Talking Points EOS price started a steady rise.
ETH price remained in a positive zone and recently traded above the $275 resistance against the US Dollar. The price is currently correcting lower, but it remains well supported near $265 and $262.
ETH liquidation at $300 Ahead of Serenity, developers prefer Ethereum over competing platforms. A raft of supportive fundamentals, on-chain development, and optimism amongst investors is behind Ethereum’s (ETH) resilience.
The overall coin market was performing well throughout the week, will almost all coins treading a bullish market momentum. Ethereum and Tron also enjoyed a positive market, at press time. 1-Day ETH chart The 24-hour trading volume of Ethereum was $10 billion and the market cap was $28 billion.
Litecoin price made another attempt to clear the $120. 00 resistance against the US dollar, but failed. LTC declined sharply and it is currently trading above the key $100. 00 support. Key Talking Points Litecoin price failed.
Cryptocurrency prices rebounded on Saturday, with Bitcoin moving above $97,500 and the market cap of all tokens soaring to $3. 25 trillion. The crypto fear and greed index exited the fear zone and moved neutral at 43.
Scaling Ethereum's L1 could enhance security and resilience, ensuring robust decentralization amid growing L2 reliance and potential centralization risks.
The post Vitalik calls for 10X scaling to reinforce Ethereum’s L1 dominance in an L2-heavy world appeared first on Crypto Briefing.
The cryptocurrency market showcased a mix of gains and losses on February 14, with fluctuating price movements following the release of key US economic data. While Bitcoin (BTC) managed to hover around the $97K level despite slight turbulence, Ethereum (ETH) hovered near $2,700.
The Ethereum Foundation's DeFi engagement may reshape its financial strategy, but staking could challenge its neutrality in future forks.
The post Ethereum Foundation to explore staking after allocating 45,000 ETH to DeFi appeared first on Crypto Briefing.
BlackRock, крупнейшая в мире инвестиционная компания, заявила, что BTC теперь можно рассматривать как «безрисковый» актив, аналогичный традиционному золоту. Стоит отметить, что до сих пор многие инвесторы рассматривали криптовалюту в целом как довольно нестабильное вложение.
The Chicago Board Options Exchange (Cboe) has filed a Form 19b-4 with the US Securities and Exchange Commission (SEC) to introduce staking capabilities for the 21Shares Core Ethereum ETF (CETH). This application, if approved, would mark the first instance where an Ethereum ETF in the US includes staking, allowing investors to potentially earn additional returns […]
Key Takeaways: Bitcoin and Ethereum ETF holdings of Goldman Sachs increased drastically. This is an indication that the traditional financial institutions see crypto as essential. Even though traditional finance initially
The post Goldman Sachs “U-Turn”: Massive Increase in Bitcoin and Ethereum ETF Investments – A Crypto Market Signal? appeared first on CryptoNinjas.