Ethereum Posts a Pristine Technical Breakout as Analysts Target $400+
Ethereum’s price action has been closely correlated to that of Bitcoin, which has caused it to see a bout of consolidation It was able to post an incredibly strong move higher yesterday that allowed it to break its $380 resistance This level has been a pivotal one for Ethereum for the past several months, and the break above it holds serious technical significance That said, it is now imperative that the cryptocurrency stabilizes above this […]
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Ethereum has seen some strong momentum throughout the past few days, with buyers taking control as its price now hovers firmly above $1,400 The selling pressure in this price region has been dissipating with each visit, signaling that bulls could be on the cusp of sparking a breakout rally Where the market trends in the […]
Post scripting another breakout from a contracting channel, Bitcoin rose to an intraday high of $247.99. With this gain, Bitcoin has marched towards the primary target of $250. On the increased hopes of a possible Greek government deal with its creditors, Bitcoin is trading up 1.04% at $246.98. Market participants must book partial profits when the first target is met. The other two targets of this breakout are $255 and $260. Technical indicators overlaid on the 240-minute BTC-USD price chart tell of a positive undertone for Bitcoin. Bitcoin Chart Structure - As can be seen from the above....
Ethereum briefly crossed over the $2,000-level, a benchmark target for many bulls as they await a breakout price rally in the world's second-largest cryptocurrency market.
Ether is forming classic bullish patterns against the greenback and its top crypto rival on shorter-timeframe charts. Ethereum's native token, Ether (ETH), looks ready to grow stronger compared to the U.S. dollar and Bitcoin (BTC) in the days leading up to its proof-of-stake transition in September.ETH price chart bullish setupThe bullish outlook emerges from classic technical indicators on ETH/USD and ETH/BTC charts. For instance, ETH/USD has been forming a "falling wedge" pattern with a profit target sitting around 30% above the current prices. Meanwhile, the ETH/BTC chart is painting a....
Could bullish Ethereum news related to the launch of an ETH futures ETF be the catalyst that triggers a massive breakout of a nearly 16-month long ascending triangle pattern? If the pattern is valid, the target is roughly $4,000 per ETH and a revisit to former all-time highs from the last bull market. VanEck Announces ETH Futures ETF Global asset manager VanEck, known best for its ETFs and Mutual Funds, today revealed the upcoming launch of the VanEck Ethereum Strategy ETF (ETUF). ETUF will be “an actively managed ETF designed to seek capital appreciation by investing in Ether (ETH)....