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What Will Come First for ETH: $3,000 or $4,000? (Ethereum Price Analysis)

3 days ago

Ethereum’s price has finally reached a significant obstacle following months of rallying. Yet, there are still reasons to be optimistic that the market can climb higher.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has been rejected from the $4,000 resistance after rallying consistently since the beginning of February.
The price has dropped to the $3,600 support level, which is currently holding. If ETH rebounds from here, the market might be able to rise above $4,000 and make a new all-time high in the coming weeks. On the other hand, a breakdown can lead to a decline toward $3,000.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour timeframe, the price has seemingly experienced a shift in structure. The market has been making

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XRP Bull Run Paused as Bears Push Toward $0.6 (Ripple Price Analysis)

6 days ago

Ripple’s price has failed to keep its upward momentum and is currently on a decline. Still, there are several support levels that might push the price higher again.
Technical Analysis
By TradingRage
The USDT Paired Chart
Against USDT, the price has recently made a run at the $0.7 resistance level. Yet, it has been rejected decisively and is currently testing the $0.6 support level once again.
In case this level fails to hold, the 200-day moving average located around the $0.57 mark will be the next critical support. Until Ripple is trading above the 200-day MA, investors can remain optimistic that the market might rally higher.
Source: TradingViewThe BTC Paired Chart
Looking at the Bitcoin pair, things look much worse for XRP. The price has been dropping consistently over

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Bitcoin Price Analysis: BTC Undergoes Massive Correction Below $70K, What’s Next?

6 days ago

Bitcoin’s price has finally corrected after weeks of aggressive rallying. It dropped by around 10% recently, leaving market participants wondering whether a deeper crash should be expected.
Technical Analysis
By TradingRage
The Daily Chart
Looking at the daily chart, the price has been rallying over the last few months, consistently making higher highs and lows. Yet, the $75K resistance level rejected Bitcoin lower, and the market is currently dropping below the $68K support level. Yet, there is still a significant support level available around the $60K mark to prevent a crash.
Meanwhile, the Relative Strength Index has been showing a clear bearish divergence lately, indicating that the market is likely to go through a more prolonged correction phase.
Source:

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Ethereum Explodes Past $4,000 as Bulls Now Eye All-Time High Levels (ETH Price Analysis)

10 days ago

Ethereum’s price has been rallying rapidly over the last few weeks, breaking past several resistance levels. Yet, the price has reached a significant level that could hold the market for a while.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has been steadily rising, making higher highs and lows. The market has left the 200-day moving average far behind, a behavior typically seen during crypto bull markets.
Currently, the ETH price is trying to pierce through the $4,000 resistance level after failing to do so last week.
If the breakout occurs, ETH will likely reach a new all-time high. However, judging by the massive overbought signals on the RSI, a pullback looks pretty probable in the short term.
Source: TradingViewThe 4-Hour Chart

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Ripple Price Analysis: XRP Bull Run Finally Here as Buyers Push to $0.70?

10 days ago

Ripple is considered far behind other major cryptocurrencies. While coins like BTC and ETH are rallying consistently, XRP has failed to do so. Yet, things might be about to change soon.
Technical Analysis
By TradingRage
The USDT Paired Chart
XRP has consolidated the price above the $0.6 level against USDT. It has also been retesting the 200-day moving average, around the $0.57 mark, multiple times during the last few weeks. Yet, the market is seemingly rebounding from these areas and is about to begin a new bullish phase.
This scenario would fail if the market drops below the 200-day moving average.
Source: TradingViewThe BTC Paired Chart
Looking at the Bitcoin pair, things have been quite different for XRP. The price has been trending down for the last nine months without

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Bitcoin Explodes 11% Weekly but the Chances of a Correction Increase: BTC Price Analysis

11 days ago

Bitcoin’s price is finally showing signs of breaking the previous all-time high to the upside.
Cryptocurrency is entering uncharted territories, and predicting its upside potential becomes a lot more challenging. However, there are some hints interpreted from technical and on-chain analysis.
Technical Analysis
By TradingRage
The Daily Chart
On the daily timeframe, the price is finally breaking the previous all-time high to the upside, with the price climbing toward the $70K level.
The psychological resistance levels of $70K and $80K might be the upcoming targets for BTC in the coming months. Yet, the Relative Strength Index displays a clear overbought signal, which can point to a potential correction or consolidation in the short term.
Source: TradingViewThe 4-Hour Chart

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Bitcoin’s $69K ATH Test Leads to Massive Rollercoaster but What’s Next? (BTC Price Analysis)

15 days ago

Bitcoin has achieved a significant milestone by reaching its all-time high of $69K after 847 days, reflecting a notable surge in confidence within the cryptocurrency market.
However, this achievement is accompanied by expectations of heightened volatility in the mid-term, leading to the liquidation of numerous futures market positions.
Technical Analysis
By Shayan
The Daily Chart
A detailed examination of the daily chart highlights Bitcoin’s impressive rally, driven by increased demand and significant capital inflows into spot Bitcoin ETFs, including notable participation from Blackrock. This surge has propelled the price past several critical resistance levels, culminating in Bitcoin’s historical high of $69K.
Despite this upward momentum, the $69K price region presents a

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Following the Flushout, is ETH About to Break Toward $4K? (Ethereum Price Analysis)

15 days ago

After a period of heightened buying activity and increased bullish momentum, Ethereum has successfully reclaimed a crucial resistance zone, notably the previous major yearly high at $3.6K.
This breakout, if confirmed by a retest, sets the stage for ETH to potentially establish a new all-time high in the near future.

By Shayan
The Weekly Chart
An in-depth analysis of the weekly chart reveals a significant bullish sentiment surrounding Ethereum, as evidenced by a substantial and impulsive upward movement surpassing the critical resistance represented by the prior major yearly high of $3.6K.
This price action reflects a strong interest from market participants in ETH, resulting in heightened demand.
In the event of a successful retest of the breached level, Ethereum’s price

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What’s Next for XRP Following the Rollercoaster Above $0.6? (Ripple Price Analysis)

15 days ago

Ripple’s recent price movement has been marked by extreme volatility, particularly following a breakout above the upper trendline of a sideways triangle pattern, reaching the critical resistance level of $0.66. This indicates a significant struggle between buyers and sellers, which will greatly influence Ripple’s future trajectory.

By Shayan
The Daily Chart
Upon examination of the daily chart, Ripple’s price surge is evident as it breached a crucial resistance area represented by the dynamic upper boundary of the triangle pattern. Subsequently, the price extended its upward movement towards the significant resistance level of $0.66, raising expectations for a potential breakout.
However, upon reaching the decisive $0.66 region, increased selling pressure emerged,

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Will ETH Reach $4K This Week or Are Bears Preparing a Correction? (Ethereum Price Analysis)

17 days ago

Ethereum is approaching its all-time high aggressively, with the price on an almost vertical rise. Yet, based on both technical and sentiment analysis, a correction in the short term is looking probable.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has been blowing past several resistance levels since rebounding from the $2,200 level at the beginning of February. The market is currently testing the $3,500 resistance level and is yet to break to the upside definitively.
Meanwhile, the Relative Strength Index demonstrates a clear overbought signal pointing to a potential consolidation or pullback in the coming days. In this case, the $3,000 level can provide sufficient support to prevent a deeper drop.
Source: TradingViewThe 4-Hour Chart

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Is BTC Overdue a Correction Following Epic Rally Above $60K? (Bitcoin Price Analysis)

19 days ago

Bitcoin’s price has been on an almost vertical rise in the last few days, approaching its all-time high of $69K. Yet, the cryptocurrency might not make a new record right away, as some warning signals are pointing to a short-term correction.
Technical Analysis
By TradingRage
The Daily Chart
On the daily timeframe, it is evident that the price has been rallying aggressively during the last month, breaking past several significant resistance levels. The market is currently one step away from making a new all-time high, as there are no significant long-term resistance levels left apart from the $69K level itself.
Yet, the Relative Strength Index demonstrates a clear overbought signal that could point to a potential consolidation or pullback in the coming days.
Source:

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Following ETH’s Recent Explosion Above $3K, This is the Next Important Target (Ethereum Price Analysis)

24 days ago

Ethereum has recently experienced a notable upswing, surging past key resistance levels, including the $2.8K mark, and breaching the significant psychological barrier of $3K.
This upward movement suggests a prevailing bullish sentiment in the market, with investors eyeing the crucial yearly swing high of $3.6K as the next target.

By Shayan
The Daily Chart
A closer look at the daily chart reveals Ethereum’s impressive rally following a bounce off the 100-day moving average, confirming its strength as it reclaims the $2.8K resistance zone. The recent price action indicates a strong bullish sentiment, with expectations mounting for Ethereum to reach a new all-time high (ATH) in 2024.
Despite the optimism, there’s a cautious note regarding a potential expanded bearish

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BTC Dropping to $48K or Pushing to $55K: Which One Comes First? (Bitcoin Price Analysis)

24 days ago

Bitcoin’s price has been making higher highs and lows consistently over the past few months. However, the market is currently consolidating around a key resistance level, failing to continue higher.
Technical Analysis
By TradingRage
The Daily Chart
On the daily timeframe, the price has been breaking through several resistance levels since rebounding from the $40K support zone. Yet, the market is currently hovering around the $52K resistance level.
While there are no serious signs of climbing at the moment, the Relative Strength Index shows values above 50% that indicate higher prices might be achievable in the short term. Therefore, a breakout above the $52K resistance level is still probable.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour chart, it is evident

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Ripple Seems Primed for a Drop to $0.5, But Will the Bulls Retaliate? (XRP Price Analysis)

24 days ago

Ripple’s price has been consolidating against USDT while consistently dropping lower against BTC. Things might get even worse in the short term if nothing changes from a technical analysis aspect.
Technical Analysis
By TradingRage
The USDT Paired Chart
On the daily chart, the price has been testing the higher boundary of the large descending channel and the 200-day moving average around the $0.55 price mark.
However, the 200-day moving average has rejected the price to the downside, and the market is likely to pull back toward the $0.50 level in the short term. The RSI breaking below the 50% level is also another signal that such correction is probable.
xrp_price_chart_2602241The BTC Paired Chart
Looking at the Bitcoin pair’s daily timeframe, things are looking much worse

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Is Bitcoin About to Plummet Toward $50K or is Another Rally Incoming? (BTC Price Analysis)

26 days ago

Bitcoin’s price has entered a sideways consolidation phase following a notable surge toward the $52K resistance level, leaving market participants uncertain about its next direction. However, a short-term correction seems likely.
Technical Analysis
By Shayan
The Daily Chart
Analysis of the daily chart reveals a prolonged bull market for Bitcoin, characterized by its upward movement within a clearly defined ascending channel. This pattern indicates strong buyer dominance, potentially aiming for a new all-time high (ATH).
Despite this bullish sentiment, Bitcoin has encountered a critical resistance zone near the $52K mark after its recent upward surge.
Consequently, a period of consolidation correction is anticipated, allowing the market to find support levels around the

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Massive XRP Move Incoming Following 7% Weekly Push? (Ripple Price Analysis)

February 19, 2024

XRP’s price has been confined within a multi-month sideways triangle pattern, recently converging at a pivotal resistance area near the 200-day moving average and the triangle’s tightening range.
As a result, a breakout seems imminent, poised to determine Ripple’s future trajectory.

By Shayan
The Daily Chart
An analysis of the daily chart unveils XRP’s gradual ascent, resulting in its encounter with a critical resistance zone. It encompasses the significant 200-day moving average, positioned at $0.5664.
Simultaneously, the price has approached the narrowing range of the triangle pattern, heightening the potential for an imminent breakout in either direction.
However, given the formidable resistance currently faced by the price, a rejection appears most likely, potentially

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Ethereum Explodes Toward $3K: Two Things to Watch This Week (ETH Price Analysis)

February 19, 2024

Ethereum has recently surged with notable momentum, signaling a bullish uptrend.
This increase has seen the price reclaim a critical resistance level, reflecting strong buyer confidence and market participant optimism.

By Shayan
The Daily Chart
A thorough analysis of Ethereum’s daily chart reveals a significant shift in market sentiment, characterized by an impulsive uptrend and heightened bullish momentum.
Accordingly, the price has approached a crucial multi-year resistance zone – the psychological barrier at $2.9K and successfully surpassed it.
This indicates a prevailing bullish sentiment among market participants, with buyers dominating the market. The trend appears sustainable, with eyes set on surpassing the major yearly swing high at $3.6K. However, it’s worth

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Can BTC Bulls Continue the Rally Above $52K or is a Correction Imminent? (Bitcoin Price Analysis)

February 19, 2024

Bitcoin’s price has been rallying consistently over the last few weeks, breaking past several resistance levels. Yet, some worrying signs are starting to emerge.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has rallied toward the $52K resistance level after a rebound from $40K earlier in January. While the market is testing the $52K level, the Relative Strength Index is demonstrating a clear overbought signal.
This could point to a potential consolidation or correction in the coming weeks. Yet, the $47,500 level can provide support and prevent a deep drop.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour timeframe, the price is currently hovering around the $52K resistance level. The market structure is clearly bullish, as the

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Here’s the First Support in Case BTC Corrects Following the Surge Above $52K (Bitcoin Price Analysis)

February 15, 2024

After experiencing heightened buying pressure and a robust surge, Bitcoin’s price has breached a significant resistance region, notably the psychological threshold of $50K and the upper boundary of the multi-month ascending channel.
This signals a notable bull market, with investors eyeing the possibility of Bitcoin reaching new all-time highs in 2024.
Technical Analysis
By Shayan
The Daily Chart
Upon careful examination of the daily chart, it’s clear that Bitcoin’s price has embarked on a remarkable, bullish surge, successfully reclaiming the substantial $50K resistance region and surpassing the upper boundary of a long-standing ascending channel.
This indicates a prevailing bullish sentiment among market participants, with anticipation mounting for Bitcoin to set new

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Here’s When XRP Can Surge to $0.6 as Crypto Markets Recover (Ripple Price Analysis)

February 8, 2024

Ripple has been enduring a consistent downtrend characterized by low volatility and a lack of momentum in its price movement.
However, it has recently found itself at a pivotal support region near the $0.50 mark, potentially poised for a phase of sideways consolidation before its next significant move.

By Shayan
The Daily Chart
Upon a close examination of the daily chart, Ripple’s price trajectory reveals a gradual decline, resulting in its arrival at a crucial support area.
This support zone encompasses the static level of $0.5 and the lower boundary of a multi-month triangle pattern. Given Ripple’s current low volatility and lack of momentum, the most likely scenario in the short term is a period of sideways consolidation before the next directional move.
However, an

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Ethereum Pushes for $2.5K as The Bulls Come Back in Town (ETH Price Analysis)

February 8, 2024

Ethereum’s recent price action has seen it find support around the critical 100-day moving average, signaling a shift in market sentiment from bearish to bullish. ETH has embarked on a bullish retracement and has now reached a pivotal resistance region, setting the stage for its next move.

By Shayan
The Daily Chart
A comprehensive examination of Ethereum’s daily chart unveils a shift in market sentiment, with the significant 100-day moving average at $2225 providing robust support. Concurrently, Ethereum experienced a rebound, propelling the price toward a critical resistance region, which encompasses the lower boundary of the expanding wedge pattern and the static $2.6K price zone.
Should ETH surpass this critical resistance, it could herald a new phase of bullish

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How Low Will XRP Crash if $0.5 Fails? (Ripple Price Analysis)

February 2, 2024

Ripple’s recent downtrend has persisted, resulting in the price falling below both the 100 and 200-day moving averages.
Despite this decline, XRP has reached a substantial support region, marked by the triangle’s lower boundary at $0.5, and a short-term reversal is anticipated.

By Shayan
The Daily Chart
A thorough examination of the daily chart reveals a pronounced decline in Ripple’s price, ultimately leading to its arrival at a critical and decisive support region. This support encompasses the static level of $0.5 and the lower boundary of the multi-month triangle. This particular range has effectively blocked bearish attempts over the past year, highlighting heightened demand near the $0.5 threshold.
Consequently, a bullish rebound is expected for Ripple, retracing

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Alarming Similarities With Previous ETH Patterns Emerge: Will $2.3K Hold? (Ethereum Price Analysis)

February 2, 2024

Ethereum’s price has been rapidly declining recently following a rejection from the $2,750 resistance level. While a further drop is probable in the short term, the overall bullish trend might not be over.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the Ethereum price has been oscillating inside a large ascending channel. The higher boundary of the pattern, paired with the $2,750 resistance level, has rejected the price to the downside.
The market has since dropped below the $2,400 level and is currently retesting it. In case the price fails to climb back above, the likelihood of a further drop toward the 200-day moving average located around the $2,000 level will be significant.
Source: TradingViewThe 4-Hour Chart
The 4-hour chart shows the

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Bitcoin Price Analysis: This Needs to Stop for BTC to Finally Reach $48K Soon

February 2, 2024

After months of recovery, Bitcoin’s price has failed to break above $48K and has been decisively rejected to the downside.
Yet, the uptrend may be far from over.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has been rejected from the $48K resistance level. Yet, the $40K support zone has held the market, preventing a deeper drop. The price consolidates between these two price levels, and breaking out in either direction is likely to dictate the market trend.
If the market breaks the $48K level to the upside, Bitcoin will likely make a new all-time high in the coming months. However, a drop below the $40K level will likely result in a decline toward the 200-day moving average, around the $35K mark.
Source: TradingViewThe 4-Hour Chart

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Bearish Signs Appear as BTC Unable to Claim $43K Successfully (Bitcoin Price Analysis)

January 31, 2024

After encountering a significant rejection at the $48K resistance level, Bitcoin has recently discovered support near the crucial 100-day moving average, prompting a slight retracement. However, if a pullback materializes, the most likely scenario would involve a renewed bearish leg, targeting significant support at $38K.
Technical Analysis
By Shayan
The Daily Chart
Upon analyzing the daily chart, it becomes apparent that following Bitcoin’s recent setback from the pivotal $48K level, the price sought support around a crucial range defined by the middle boundary of the ascending channel and the significant 100-day moving average at $39K.
Consequently, a slight correction ensued, retracing the price toward the existing fair value gap (FVG) bounded within the $43,578 and

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Is XRP on the Verge of a Massive Bounce? (Ripple Price Analysis)

January 29, 2024

Ripple’s price has been confined within a symmetrical triangle pattern since the latter half of 2023. However, a recent sharp decline has brought the price to the lower boundary of the triangle, where it may find support in the coming days. The subsequent breakout from this triangle pattern will play a pivotal role in shaping Ripple’s future prospects.

By Shayan
The Daily Chart
A comprehensive analysis of the daily chart shows a noticeable downturn in Ripple’s price, following a successful pullback to the broken 100 and 200-day moving averages.
However, the current price has reached a critical and decisive support region, encompassing the static support level of $0.5 and the lower boundary of the multi-month triangle. This support range is a robust defense against

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Ethereum Pushes Above $2.3K as Bulls Make a Stand, What’s Next? (ETH Price Analysis)

January 29, 2024

Ethereum’s price has been dropping over the last couple of weeks following a decisive rejection from a significant resistance level. Yet, there are several support levels nearby.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has been forming a large ascending channel over the last year. It has recently tested the higher boundary of the channel, which coincided with the $2,750 resistance level and failed to break above. The resulting rejection has been gruesome, and the market has even fallen below the $2,400 support zone.
With the Relative Strength Index showing values below 50%, the price seems likely to decline toward the 200-day moving average, located around the $2,000 level.
Source: TradingViewThe 4-Hour Chart
The 4-hour timeframe

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Bitcoin Soars Toward $43K: How High Can it Get? (BTC Price Analysis)

January 29, 2024

Bitcoin’s prolonged downward correction has encountered a pause in the vicinity of a significant support area, primarily defined by the 200-day moving average, sparking a slight rebound. However, the recent uptick appears to lack the necessary momentum, suggesting a potential phase of sideways consolidation.
Technical Analysis
By Shayan
The Daily Chart
A thorough examination of the daily chart reveals a temporary halt in Bitcoin’s recent correction near a pivotal support range, indicated by the middle boundary of the ascending channel and the crucial 200-day moving average at $39K. This support prompted an uptick in demand, leading to a slight upward retracement.
With the strength of this support range and the possible presence of substantial demand, it is anticipated to

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Bitcoin Price Analysis: Are the Bulls Back or Will BTC Stall at $42K?

January 26, 2024

Bitcoin’s price has been making lower highs and lows recently, following a decisive rejection from the significant $48K level.
Investors are now wondering whether the uptrend is over or a new all-time high is still on the cards.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has been formed and broken below an ascending channel below the $48K resistance level. This is a corrective (or bearish reversal) pattern, especially in case the price fails to climb back inside the channel.
Currently, The $40K support zone is preventing the market from dropping lower. Yet, with the Relative Strength Index showing values below 50%, the probability of further decline is still considerable.
It’s worth noting that, at the time of this writing, BTC’s price

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How Low Can XRP Plummet if $0.50 Support is Lost? (Ripple Price Analysis)

January 25, 2024

Ripple’s price is continuing its downward momentum on both the USDT and BTC pairs. According to technical analysis, the price is yet to reach a potential turning point on either chart.
Technical Analysis
By TradingRage
Ripple Price Analysis: The USDT Paired Chart
Against USDT, the price has been trapped inside a descending channel over the last few months. Since the breakdown of the 200-day moving average (currently located around the $0.60 mark), the market has been dropping consistently.
However, XRP has yet to reach significant support. While the Relative strength index is entering the oversold region, the market is unlikely to rebound before retesting the channel’s lower boundary.
Source: TradingViewThe BTC Paired Chart
Things are looking quite similar against BTC. The

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