Ethereum bulls aim to flip $2.8K to support before calling a trend reversal
ETH price appears to be bottoming but analysts are watching for $2,850 to flip from resistance to support before calling a bullish reversal. The dire predictions calling for the onset of an extended bear market may have been premature as prices appear to be in recovery mode on Jan. 26 following a signal from the U.S. Federal Reserve that interest rates will remain near 0% for the time being. After the Fed announcement from, prices across the cryptocurrency market began to rise with Bitcoin (BTC) up 4.11% and making a strong push for $39,000. This sparked a wave of momentum that helped to....
Related News
Ethereum (ETH) is now trading below the crucial $2,000 mark, struggling to find momentum after days of selling pressure and consolidation around $1,900. The broader crypto market remains under heavy bearish control, and ETH has lost over 57% of its value, making it increasingly difficult for bulls to stage a recovery. Related Reading: Ethereum Consolidates Since ‘The Big Dump’ – Local Trend Reversal Or Continuation? With Ethereum now below a multi-year support level, this zone could flip into strong resistance, further complicating any potential rebound. The market is in a highly volatile....
Ethereum and the entire crypto market has faced some weakness throughout the past couple of days Although both BTC and ETH are trading well above their recent lows, it is important to note that bears are in the process of reversing yesterday evening’s gains This downtrend could prove to be bearish for ETH, as the crypto has been unable to flip a key resistance level into support This comes as it ventures into what one […]
Ethereum has been caught in a wild bout of turbulence these past few days, primarily because of its recent breakout rally that allowed it to gain serious ground against Bitcoin The cryptocurrency has been able to flip the crucial $1,000 level into support, and bulls are in the process of defending it presently It is imperative that bulls can continue defending this level in the near-term, as any dip below it could lead to a […]
Ethereum price has reached psychological resistance. If it breaks through that line, the next stop is likely to occur at the $20 point. Another increase in volatility can provoke the launch of a new Blockchain consortium, which Microsoft will join. ETH/USD. The growth scenario continues. The hidden reversal structure is still intact. The price has failed to form a reversal at the key level of $12.7; it has led to a new upward impulse. When a hidden reversal takes place, the majority of traders usually open their deals at the nearest key lines. The rebounds, in that case, tend to be....
Ethereum is trading at a critical juncture as broader market sentiment turns bullish. After weeks of stagnation and volatility, the second-largest cryptocurrency by market cap is attempting to solidify a bottom. Currently, ETH remains stuck in a tight range between $1,750 and $1,850—a zone that could soon determine its next major move. Bulls are in control of the short-term price action, but a breakout above resistance is essential to confirm a true trend reversal. Related Reading: $380M In Ethereum Leaves Exchanges In 7 Days – Accumulation Trend Accelerates Top analyst Daan shared a....