Ethereum Eyes Potential Upward Move As Bullish Chart Pattern Remains Intact
Ethereum’s price fluctuations may be nearing its end in the short term, indicating a potential start of the much-anticipated major upward move to a new all-time high. Its upside capability to new highs is further supported by bullish indicators and key patterns cited on its chart. A Rally Incoming For Ethereum Shortly? In light of […]
Related News
The upside outlook appears as ETH price eyes a breakout above its five-month-old resistance trendline. Ethereum's native token Ether (ETH) has rallied by more than 415% this year to over $3,800, and two major bullish patterns developing on its charts highlight the scope for another upside move, ultimately toward the $6,200–$6,500 price range.ETH price eyes $4K resistance breakoutThe first decisive break above the psychological $4,000-mark, which serves as a resistance trendline to a five-month-old ascending triangle and a cup and handle pattern, could trigger a textbook price rally in the....
Dogecoin is demonstrating upward performance as bullish sentiment returns to the market, causing the dog-themed meme coin to rise above the $0.17 price level. With DOGE regaining traction, a crypto analyst points to a potential price reversal, predicting a notable upsurge in the upcoming weeks. Bullish Chart Pattern To Bolster Dogecoin’s Recovery Following a prolonged […]
Ethereum corrected a few points from the $1,633 high against the US Dollar. ETH remains well supported above the $1,480 level and might start a fresh rally. Ethereum started a consolidation phase below the $1,600 resistance zone. The price is now trading above $1,500 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $1,480 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if there is a clear move above the $1,600 zone. Ethereum Price Eyes More Upsides Ethereum extended rally above the $1,450 and....
Bitcoin started a recovery wave above $36,000 against the US Dollar. BTC must settle above the $38,000 zone to start a steady upward move. Bitcoin is trying to clear the $37,500 and $38,000 resistance levels. The price is now trading above $36,500 and the 100 hourly simple moving average. There is a key breakout pattern forming with resistance near $37,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a steady upward move if there is a clear move above the $38,000 resistance. Bitcoin Price Eyes Upside Continuation Bitcoin price managed to stay above....
The Ethereum price is showing signs of a breakout, as an analyst has identified the formation of an inverse head and shoulder pattern on its 6-month long-term price chart. This bullish formation has fueled predictions that Ethereum could rally to $12,000 soon, marking a new all-time high for the second-largest cryptocurrency by market capitalization. Ethereum Price Targets $12 With New Chart Pattern In a Tuesday X (formerly Twitter) post, crypto analyst Tony Severino released an Ethereum price chart illustrating an inverse head and shoulder, a technical analysis indicator signaling a....