Bitcoin’s Bullish Setup to Send Ethereum to $2,000, Asserts Analyst
Ethereum bulls should prepare for a price rally towards $2,000 in the next couple of weeks/months, per a recent analysis provided by Jebb McAfee. The independent market analyst spotted a flurry of upside fundamentals, ranging from Ethereum’s growth as a decentralized application server to its rising search volumes on Google, before deciding to go all bullish on the world’s second-largest cryptocurrency. Bitcoin Dominance Meanwhile, Mr. McAfee also mentioned Bitcoin, Ethereum’s contender for the top spot, […]
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An ongoing bull run in the Bitcoin market might extend until the price hits $60,000-64,000 area, asserts an independent analyst. The pseudonymous entity tweeted Wednesday that BTC/USD needs to hold support above $42,000 to validate its prolonged bullish setup. On the other hand, slipping below the said price floor would signal bearish deviation. “As long […]
Recent price action in the past 24 hours has seen Ethereum clawing back above $2,500 after a pullback that saw its price fall to a low of $2,440. This is a notable correction from Ethereum’s foray to $2,770 in the past seven-day timeframe, but according to crypto analyst KledjdiCuni, it aligns with one of the anticipated price scenarios. Now, the analyst’s outlook is of a reversal into a bullish wave. In his latest update, KlejdiCuni laid out several upside targets that traders may want to keep in focus if Ethereum confirms a breakout. Accumulation And Bullish Setup Toward....
An analyst has explained how a pattern forming in the 3-day Ethereum chart could signal that a decline toward $1,700 may be coming. Ethereum Has Recently Formed A TD Sequential Sell Setup In a new post on X, analyst Ali talked about a sell signal that has taken shape in the ETH 3-day chart. The relevant technical indicator here is the “Tom Demark (TD) Sequential,” which is used to spot reversals in the price of any asset. The metric is made up of two phases; a setup phase and a countdown phase. In the former, candles of the same polarity are counted up to nine following a....
Crypto analyst The Cryptagon has raised the possibility of the Ethereum price mirroring Bitcoin’s 2018 to 2021 cycle, which he indicated was bullish ETH. This development comes amid record selling among ETH investors, which continues to exert downward pressure on the crypto. Ethereum Could Be Mirroring Bitcoin’s 2018-2021 Cycle In a TradingView post, the Cryptagon stated that Ethereum has been repeating Bitcoin’s 2018 to 2021 cycle very closely. He remarked that ETH’s long-term holders may remain bullish just by looking at this BTC cycle, seeing as ETH could achieve a similar end result....
The Ethereum price is once again drawing attention as a strong bullish setup begins to take shape on the charts. Analyst Merlijn the Trader says buyers are stepping in after repeated rebounds, showing that the market could be shifting in favor of the bulls. He points out that momentum is now building, but one key resistance level still stands in the way. According to the analyst, this is the kind of setup that often sparks explosive moves to higher targets. Ethereum Price Forms Triple Bottom Pattern According to Merlijn the Trader, Ethereum is now showing a clear triple bottom pattern on....