Ethereum Defends Critical Demand Zone – Will ETH Rally To $3,000?
Despite a volatile past two weeks, driven by Donald Trump’s proposed trade tariffs and higher-than-expected January 2025 inflation data in the US, Ethereum (ETH) has successfully defended the $2,380–$2,460 demand zone. Now, analysts are eyeing a potential move toward $3,000 for the digital asset. Ethereum Defends Key Demand Zone Amidst Volatility According to an X post by crypto analyst Ali Martinez, ETH has managed to hold above the critical $2,380 – $2,460 demand zone. With no major supply barriers ahead, the cryptocurrency could be on track to reach the $3,000 price target. For....
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Market prices of Ethereum (ETH) gained by over 4% in the past day, as the prominent altcoin broke out of a tight consolidation zone between $1,548 and $1,599. Despite some retracement in the last few hours, the growing bullish momentum in the ETH market shows signals of a sustainable price rally. Notably, renowned crypto analyst Ali Martinez has highlighted the potential next price target for the second-largest cryptocurrency. Related Reading: Ethereum Price Rebound: Breakout To $1,800 With These Two Supply Zones ETH Bulls Set Sights On $1,810 Resistance In an X post on April 12, Martinez....
Ethereum and the entire cryptocurrency market are currently caught within a consolidation phase This has come about due to Bitcoin’s tight bout of trading between $11,400 and $11,600 ETH is trading above a critical level that it was previously struggling to surmount This is a bullish sign that indicates it may be well-positioned for a strong move higher in the near-term That being said, one analyst believes that ETH’s price could drift significantly lower while […]
Ethereum’s price has reached a key demand zone following an extended period of weakness against Bitcoin This demand zone is so far proving to be a strong support level for the cryptocurrency, but it still has a long way to go before it can gain any significant ground against Bitcoin One trader is now noting that it is only a matter of time before ETH’s price rockets higher He points to the strength of its […]
Bitcoin has been sitting above a critical support zone during the weekend. At the time of writing, BTC trades at $56.662 with sideways movement in the daily chart. In the weekly chart, the first cryptocurrency by market cap has a 12.8% following a $10,000 rally from the higher zone in the $40,000 range. The bullish […]
Bitcoin has undergone an extremely strong rally over the past few weeks and months that has brought it from $10,000 to $24,000. The leading cryptocurrency currently trades for $23,000 after a slight correction. Analysts say that there is a “perfect storm” of demand trends for Bitcoin that has enabled this extremely strong rally. Bitcoin Rally is Being Driven by Critical Demand Trends BTC is expected to move even higher in the medium to long term […]