Analyst Expects Ethereum to See Massive Gains as It Taps “Final” Demand Zone
Ethereum’s price action has underperformed that of Bitcoin as of late, which is a common trend amongst all the major altcoins There’s no question that BTC’s ongoing rally is creating some tailwinds for altcoins, although it has not been enough to spark any parabolic ETH movement This has caused the cryptocurrency to flash some major signs of weakness against its Bitcoin trading pair, which is now sitting within a key long-term demand zone One analyst […]
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Ethereum (ETH), the second-largest crypto by market capitalization, has been in the spotlight due to its price action. A notable crypto analyst, Pentoshi, shed light on the asset’s price trajectory, suggesting a possible uptick in value if current conditions prevail. It is worth noting that this analyst’s predictions come at a time when Ethereum trails behind Bitcoin’s recent price rally. Notably, while Bitcoin has recorded a 12.5% increase over the past week, Ethereum’s gains are modest, rising by 8.4% during the same timeframe. Related Reading: Ethereum Resilient....
Ethereum is currently oscillating between highs of $345 and lows of $336 as its bulls and bears reach an impasse The cryptocurrency has been unable to see any relief following the massive influx of selling pressure that stopped it from seeing any further gains It is still trading well above its multi-week lows of $320, but growing weakness is putting its current stability in jeopardy One analyst explained in a recent tweet that he expects […]
The decentralized finance sector has posted massive gains throughout the past week, with all the “blue-chip” tokens seeing explosive momentum as bulls flood back into the embattled fragment of the crypto market at full speed. This rebound first began when DeFi darling Yearn.finance’s YFI token hit lows of $7,500, at which point it incurred some […]
Crypto analyst Michaël van de Poppe has declared that Ethereum is getting ready for a massive move to the upside. The analyst added a caveat, noting that ETH could still drop to as low as $2,200 before the uptrend begins. Ethereum Primed For A Massive Move To The Upside In an X post, Michaël van […]
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 […]