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 […]
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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....
Despite recent volatility and price swings, XRP has remained firm above critical support levels, with technical indicators suggesting a possible breakout. Crypto analysts who closely monitor momentum on the daily time frame, particularly the Relative Strength Index (RSI), indicate that XRP bulls are regaining strength, paving the way for a potential move above the $ 3.60 mark. RSI Turns Bullish As XRP Eyes Higher Levels In his latest analysis on X social media, crypto market expert Dark Defender noted that XRP’s price structure is holding steady above essential support zones, with 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....
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....