Bitcoin At $100,000, Ethereum At $5,000 Is Path Of Least Resistance, Says Blo...
Crypto predictions are on the rise with the recent bull run that saw the price of bitcoin surge past $50,000 again. Now, Market analyst Mike McGlone lays out the path of Bitcoin and Ethereum hitting new highs that would see them both at least go up 100% from their current price points. In the most recent release of the Bloomberg Indices Outlook Crypto, McGlone puts bitcoin on course for $100,000 and Ethereum at $5,000. Related Reading | Venture Capitalist Bill Gurley Takes Personal Position In Ethereum, Here’s Why This comes from a revived bull market that began as the second quarter....
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Ethereum Price Key highlights. Ethereum price is moving sideways on the 1-hour time frame, creating a triangle formation on the short-term chart. The path of least resistance is to the downside, as the longer-term downtrend is still intact. Ethereum price could find more downside momentum, pending a break below the support of the current consolidation pattern. Testing triangle resistance. At the moment, Ethereum price is hovering around the top of the triangle consolidation around 0.00261BTC, which might be enough to keep further gains in check. A return in selling pressure could lead to a....
Ethereum extended its rise above the $1,150 and $1,200 resistance levels against the US Dollar. ETH price is currently consolidating gains and it could rise further towards $1,280. Ethereum is following a bullish path above the $1,120 and $1,150 resistance levels. The price is now trading above $1,200 and the 100 hourly simple moving average. […]
Ethereum classic after moving higher found sellers and moved down. Can it continue heading lower or will it bounce back versus Bitcoin? Key Highlights. Ethereum classic spiked higher as forecasted in yesterday’s post and then found sellers. There is currently a bearish trend line formed on the 30-min charts of ETC/BTC, which is acting as a hurdle for an upside move. The current price structure is bearish in the short term, but I still feel there is a chance of a surge towards 0.0035BTC before a major top. Ethereum Classic Resistance. Ethereum classic price ETC was on the rise yesterday. I....
On-chain data suggests the path to $2,500 could be open for Ethereum now that the asset has managed to cross the $2,100 mark. Ethereum Has No Major Resistance Levels Until $2,500 In a new post on X, the market intelligence platform IntoTheBlock has provided an update on how the Ethereum levels are looking in terms of on-chain support and resistance. In on-chain analysis, ranges are defined as support or resistance based on how many investors acquired their coins inside them. The below chart shows the density of addresses at various levels above and below the current spot price of the....
Ethereum Price Key Highlights. Ethereum's price recently broke below a key support area, signaling that a downtrend might be underway. Before the selloff carries on, Ethereum's price is showing signs of a correction to the broken support zone. Using the Fibonacci retracement tool on the latest swing high and low shows that the 38.2% to 50% levels line up with the broken support on Ethereum price. Support Turned Resistance. If the area of interest holds as resistance, the Ethereum price could make its way back down to the previous lows at 0.0017 BTC. The 100 Simple Moving Average also....