Bullish Pennant Predicts Ethereum Will Soon Shoot Towards $500
Ethereum has consolidated since hitting the $465 highs last week. It is neither up nor down in the past 24 hours. Still, analysts say that Ethereum is primed to move even higher in the weeks ahead. An analyst noted that the cryptocurrency is currently in the midst of a bullish pennant pattern, which could trigger a move above $500. Ethereum Primed to See Strong Rally Higher Ethereum has consolidated since hitting the $465 highs last […]
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Ethereum topped out dramatically in August when it hit $490, then crashed. The coin currently trades for $370, 25% below those highs. Analysts think that Ethereum could soon shoot higher as the macro trend remains bullish. ETH will need to hold a crucial support level in the $300 range, then decisively surmount the year-to-date highs around the high-$400s. Institutions are getting bullish alongside technical analysts. Grayscale Investments recently revealed that it has accumulated 2% of […]
A technical analysis chart of bitcoin prices suggests that the digital currency’s value is likely to shoot higher. Technical Analysis Shows A Pennant. The technical analysis chart of Bitstamp’s recent closing prices, originally published on Sober Look, shows that a triangular pattern known to technical analysts as a pennant has formed. Can a Pennant....
Abra’s CEO has predicted that the price of ether could reach $40,000. He’s more bullish on Ethereum than Bitcoin. “The use cases are through the roof,” said the executive.
Abra’s CEO Predicts Ethereum Price
The CEO of crypto trading platform Abra, Bill Barhydt, shared his thoughts on why he is more bullish about Ethereum than Bitcoin in an interview with CNBC Friday. He also predicts that the price of ether (ETH) could reach $40,000, a significant increase from the cryptocurrency’s current price.
Barhydt explained,....
Ethereum is expected to shoot higher in the weeks ahead despite the recent price consolidation. The cryptocurrency has held well in the high-$500s despite some downward pressure in the Bitcoin price. Analysts think that ETH could push toward $900 and beyond in the near future, especially due to the positive fundamental event of the ETH2 launch. Boosting Ethereum’s prospects, analysts are also bullish on Bitcoin. Ethereum Could Shoot Even Higher, Leading Analysts Say Ethereum is […]
Key Highlights. Dogecoin'a price struggling to gain traction, as there was no bullish momentum to take the price higher. There is a pennant looking pattern forming on the hourly chart (data feed from CEX. IO), which may act as a catalyst for the next move. The bullish signs are greater compared to the bearish signs at the moment, suggesting a break higher is most likely. Dogecoin's price is finding sellers near 31-32 satoshis, which is a major resistance zone and holds the key in the short term. Pennant Pattern and Resistance. There was no real break for Dogecoin's price, as it continued....