Ethereum Bulls May Propel Price To $3,100, Analyst Suggests
Ethereum (ETH), the second-largest cryptocurrency, has seen a significant price increase over the past month. The recent bullish rush in the crypto market, coupled with BlackRock’s involvement, has pushed ETH to its year-to-date high of $2,139. Ethereum Outshines Bitcoin And Altcoins According to market data provider Kaiko, ETH has outperformed BTC and many altcoins in recent weeks, signaling a shift in market dynamics. Kaiko’s report highlights how ETH struggled to gain momentum over the past year, despite successful upgrades such as The Merge in April. However, the sentiment....
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Ethereum prices surge from the low of $980 to a high of $1,743 with so much excitement as regards the merge coming up in a few weeks. With the monthly close, there have been high expectations for the Ethereum price to reach a region of $2,000 -$2,400. Ethereum Weekly Chart The Ethereum price surged from the low $1,012 to $1,743 after several weeks of a downtrend. There was a bit of relief bounce from Ethereum haven traded below the 50 & 200 Exponential moving average (EMA). Ethereum, as of writing, is trading at $1,580 after being rejected at $1,722; Ethereum could not break the weekly....
Much like Bitcoin (BTC), the price of Ethereum (ETH) has been trading significantly sideways lately. Due to this downtrend, a legendary crypto analyst has offered some insights into Ethereum’s price movements, predicting that in the next three months, the pioneer altcoin could see its price hit a bottom. Ethereum To Hit Price Bottom By December Benjamin Cowen, the founder of ITC Crypto and a prominent crypto analyst, has published a YouTube video discussing Ethereum’s price movements, highlighting a potential correlation between ETH’s price declines with the rising United States (US)....
Ethereum price has moved up on its chart over the last 24 hours. The altcoin witnessed a 4% growth in the same time frame. This has pushed the price of the altcoin closer to the immediate resistance. Once the Ethereum price moves above the closest resistance level, the bulls could definitely take control of the market. Technical indicators of the altcoin have pointed towards bullish signals. However, it is too soon to say if the bulls will remain on the chart over the next trading sessions. Bitcoin price also logged minor gains, which have turned certain altcoins green over the last 24....
Ethereum seems to be on a roll recently after BlackRock announced that it has filed for a Spot Ethereum ETF. The news of the filing propelled the price above the $2,000 level for the first time in six months, bringing the mega bulls out of the woodwork. In line with this, one analyst has predicted […]
Ethereum has seen some notable momentum in recent days that has allowed its price to set fresh all-time highs Each break above its previous all-time highs around $1,450 has been fleeting, however, which is a grave sign that could mean downside is imminent For now, ETH’s price action remains firmly correlated to that of Bitcoin, with the benchmark cryptocurrency seeing some turbulence that has shaken its market structure One analyst is now pointing to a […]