Ethereum Eyes Macro Bottom As Key Level Comes Into Focus: Analyst
An interesting technical outlook frames the current Ethereum price action as a range-bound environment on the higher timeframe, where patience is going to dictate the next move. The Ethereum price action is now at a sensitive zone, and according to crypto analyst Minga, the path to a genuine cycle bottom requires one more leg down, and the levels that need to be wiped out before a macro bottom are defined. Related Reading: Standard Chartered Sees Bitcoin Exploding To $500K By 2030 ETH Trading In A Multi-Year Range Technical analysis of the weekly candlestick timeframe chart shows that....
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Crypto analyst Ben Gray has asserted that the Ethereum price is bullish and revealed the price range that the leading altcoin is targeting. However, ETH is set to face major resistance at $2,100, a level which it needs to break out from as it targets new highs. Ethereum Price Faces Major Resistance At $2,100 In a TradingView post, Ben Gray revealed that the Ethereum price is facing a key resistance level at $2,160 even as it eyes a rally to new highs. Despite this development, the analyst asserted that ETH’s market is bullish. While noting that the leading altcoin is fluctuating between....
A crypto market analyst has outlined what he describes as a straightforward mathematical method that helped identify the bottom of Bitcoin’s previous bear market. By focusing on long-term Fibonacci levels and quarterly price behavior, the analyst argues that the same structural logic that marked the 2022 bottom is now shaping Bitcoin’s next macro phase. Simple Math That Identified The Bitcoin Price Bear Market Bottom In an X post shared on March 8, crypto analyst Chetan Gurjar revisited a prediction he made in December 2022 regarding Bitcoin’s bear market low. While he acknowledged that....
Ethereum (ETH) experienced a significant recovery over the past week after jumping over 10% to the $1,800 resistance. The cryptocurrency’s momentum has seen it reclaim key levels, which could ignite a 28% rally continuation in the following weeks. Related Reading: SUI Eyes $4 Amid 56% Weekly Surge – Here Are The Levels To Watch Ethereum Reclaims First Horizontal Level In Months Over the past week, Ethereum’s price has jumped around 14% to retest crucial support levels. Amid the market recovery, the cryptocurrency reclaimed the $1,600-$1,650 zone at the start of the week, holding a....
Crypto analyst Bobby revealed that the XRP price has completed a consolidation pattern, hinting at a potential parabolic rally for the altcoin soon. The analyst suggested that XRP’s price could rally to double digits once this rally occurs. XRP Price Eyes Rally To $19 As It Completes Double-Bottom Pattern In an X post, Bobby indicated that the XRP price has completed the macro double-bottom pattern, which it had spent over seven years building. The analyst’s accompanying chart showed that the altcoin is now gearing up for a rally to as high as $19 following the completion of this....
Ethereum has been closely tracking the price action seen by Bitcoin and other major altcoins, but it has been able to dodge seeing any intense decline overnight Although it did plunge as low as $530, the cryptocurrency’s support at this level sparked a “V-shaped” recovery that allowed it to surge up towards the upper-$500 region […]