Ethereum Inches Toward A Critical Decision Point: Bullish Break Or Deeper Dive?
Ethereum is edging closer to a major decision point as price action tightens between key support and resistance levels. Momentum is building, but the market now awaits to see whether bulls can force a breakout or if a deeper pullback ensues. Ethereum Holds The Line: $3,000 Support Ignites Fresh Upside According to a recent update by analyst Ted Pillows, Ethereum has demonstrated resilience in the face of recent market volatility. The asset successfully held up the crucial $3,000 level and is now showing signs of moving higher, suggesting that this level remains a strong foundation for the....
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Technical analysis shows that Ethereum’s price action is currently completing a market structure that shows signs of revival. After weeks of struggling below key levels, Ethereum now appears to have completed a market structure break, with a technical analyst pointing to $1,500 as the zone where buyers have regained control, and a break above $4,000. Ethereum Structure Break And The $1,500 Turnaround Point Crypto analyst SwallowAcademy, in a recent technical breakdown of Ethereum’s weekly candlestick chart, noted that buyers have successfully initiated a clean market structure....
XRP stands at a pivotal point as it approaches the $2.97–$3 resistance zone. Holding above this level could confirm bullish momentum and spark the next Wave 3 rally, but a rejection here risks triggering a deeper correction. Perfect Retest: $2.79 Support Holds Strong CasiTrades, a crypto analyst, recently shared an update on XRP’s ongoing market structure, pointing out that the backtest of the $2.79 support level was flawless. According to CasiTrades, this was precisely where momentum was expected to re-enter the market, and buyers have indeed shown strength at this zone. She emphasized....
Ethereum has moved above $2,700 following the Fed announcement yesterday. The highly anticipated meeting had been concluded, coming out that the Fed had increased interest rates by 0.25%. Ethereum has responded positively to the news and had rallied out of the slump it had been in since the last dip. Now the digital asset sits above $2,700 but it is still far from stable at this price point. What The Rally Did Ethereum’s rally on Wednesday was a welcome one, showing more bullish tendencies towards cryptocurrencies following the Fed’s decision. After completely smashing the $2,522....
Ethereum price remained under the bearish pressure against the US Dollar, and it looks like the ETH/USD pair may weaken a bit today. Key Highlights. ETH price after an attempt to move higher against the US Dollar failed and moved down. There was a critical bullish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which was broken during the recent downside. The pair is also below the 100 hourly simple moving average, which is a bearish sign. Ethereum Price Support Break. ETH price started a recovery phase this past week, but it looks like the $11.10 resistance is....
The crypto industry received a significant jolt of clarity and optimism as the US Securities and Exchange Commission (SEC) concluded its investigation into Ethereum 2.0, announcing that it will not pursue any enforcement actions. This decision marks an important victory for Ethereum and could serve as a critical reference point for the treatment of digital […]