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Ethereum Price Analysis: Is $3.7K Realistic for ETH or is a Correction to $3K Coming?

2 days ago

Following a revival in buying interest and demand, Ethereum’s price has surged, reclaiming the 100 and 200-day moving averages.
This price action suggests a shift towards a potential rally, with buyers targeting a new yearly high in the mid-term.

By Shayan
The Daily Chart
A detailed analysis of Ethereum’s daily chart reveals that after a notable increase in buying pressure near the substantial $3K support region, the cryptocurrency initiated a bullish spike, surpassing the 100-day ($3340) and 200-day ($3152) moving averages.
Additionally, ETH has reclaimed the significant resistance region of $3.5K, a crucial barrier for buyers in recent months. This price action indicates a strong buyer presence in the market, aiming for a new yearly high.
However, Ethereum has formed a

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Bitcoin Price Analysis: Here’s What it Will Take for BTC to Break Above $65K

2 days ago

Bitcoin’s price has recently recovered from a month of bearish price action. Considering the current upward momentum, the market might even make a new all-time high soon.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has found support at the $56K support level. The 200-day moving average, located around the $60K area, has also been reclaimed, along with the $60K level itself.
Yet, the market is struggling to break above the $65K resistance level, as it has failed in the last three days. Meanwhile, with the RSI showing a clear bullish momentum, it could only be a matter of time before BTC trades above the $70K mark again. This scenario would fail if the price drops below $60K again.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour

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Bitcoin Price Analysis: Massive Volatility for BTC Around $64K but What’s Next?

4 days ago

Bitcoin’s price demonstrates clear signs of recovery, with the market reclaiming some key levels. Investors are now hopeful that the correction phase is finally over.
Technical Analysis
By TradingRage
The Daily Chart
On the daily timeframe, the price has recently demonstrated an impulsive recovery from the $56K support level, breaking through several resistance elements. The 200-day moving average, located around the $59K mark, the bearish trendline, and the $60K resistance level have all been broken to the upside.
Yet, the $65K resistance level prevents a continuation higher. Meanwhile, the RSI shows that the momentum favors a bullish move. It seems like a matter of time before the market rallies higher and even creates a new all-time high.
Source: TradingViewThe 4-Hour

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Ethereum Price Analysis: ETH Eyes $3.5K as ETF Launch Anticipation Grows

5 days ago

Ethereum has recently seen an uptick in demand near a crucial support level, leading to a notable rebound above the 200-day moving average at $3,134 and reaching the 100-day MA.
This price action highlights the potential for a bullish reversal if the price recovers above the 100-day MA of $3,342.

By Shayan
The Daily Chart
A detailed analysis of Ethereum’s daily chart reveals that after a prolonged bearish trend, the cryptocurrency briefly broke below the 200-day moving average at $3,081, introducing significant fear and uncertainty into the market, as this MA is a vital support level for the price.
However, Ethereum found strong support at the substantial and decisive support region of $3K, resulting in a notable bullish rebound. The price has now climbed above the

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Bitcoin Price Analysis: BTC Bulls Back in Town but Will $60K Fall?

6 days ago

Bitcoin has recently seen an uptick in demand near a crucial support level, leading to a slight rebound above the 200-day moving average at $59.2K.
This price action highlights the potential for a bullish reversal if the price stabilizes above the 200-day moving average.
Technical Analysis
By Shayan
The Daily Chart
A detailed analysis of Bitcoin’s daily chart reveals that after a prolonged bearish trend, Bitcoin broke below the 200-day moving average at $59.2K, introducing significant fear and uncertainty into the market.
This MA is a vital support level for Bitcoin, and its breach typically signals a potential bearish trend. However, Bitcoin found strong demand at the substantial support region of the 0.5 Fibonacci level ($56K), resulting in a slight bullish rebound. The

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Ripple Price Analysis: XRP Explodes 20% Weekly, Here Are the Next Targets

6 days ago

Ripple has demonstrated a strong bullish surge from the $0.42 support region, reclaiming significant resistance levels up to the 200-day MA around $0.54. The main challenge lies in overcoming the resistance at $0.54-$0.55, where significant selling pressure is present.

By Shayan
The Daily Chart
An in-depth analysis of the daily chart reveals that XRP faced increased buying interest near the crucial support region of the multi-month descending channel’s middle boundary at $0.42, leading to a notable bullish surge in its price. Following this resurgence of demand, Ripple has reclaimed multiple decisive resistance zones, including:
Channel’s Upper Boundary: Ripple successfully surpassed this level, breaking out of the descending channel pattern.
100-day Moving Average: The

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Ethereum Price Analysis: Is ETH on the Verge of a Deeper Correction Toward $2.7K?

8 days ago

Ethereum’s price has been dropping recently, following a second rejection from the $4,000 resistance level, and it has yet to recover.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has been making lower highs and lows since failing to break the $4,000 level to the upside a while ago. The market has also broken below the 200-day moving average, around the $3,100 mark.
The price is currently retesting the 200-day moving average but is seemingly getting rejected to the downside. As things currently stand, the cryptocurrency seems likely to drop toward the $2,700 support level in the short term.
Source: TradingViewThe 4-Hour Chart
The 4-hour chart demonstrates a zoomed-in view of the recent price action. As evident, the downtrend has recently

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Ripple Price Analysis: After the Plunge Toward $0.4, What’s Next for XRP?

12 days ago

Following an impulsive bearish decline, Ripple has encountered heightened volatility and fluctuations. However, the price is likely to undergo a period of sideways consolidation near the $0.42 region before initiating its next major move.

By Shayan
The Daily Chart
An in-depth analysis of the daily chart reveals that Ripple has been in a downtrend, characterized by a multi-month bearish price channel.
Recently, XRP was rejected from the channel’s upper boundary at $0.48, leading to a significant long liquidation cascade and a steep decline in its price. Currently, the cryptocurrency has reached a critical support region, which includes the channel’s middle boundary and the crucial $0.42 support area. This region has seen heightened activity and increased volatility.
A

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Ethereum Price Analysis: ETH Holds at $3K but is Another Crash Imminent?

14 days ago

Ethereum has recently experienced increased selling activity, breaching the 100-day moving average and leading to a substantial decline toward the 200-day MA.
Nevertheless, the price faces a significant support region, possibly leading to a temporary period of consolidation correction in the mid-term.

By Shayan
The Daily Chart
A close examination of the daily chart reveals that after an extended period of corrective retracements near the crucial 100-day moving average at $3386, sellers ultimately gained control, leading to a break below this key MA.
Given that this area was filled with buying interest and demand, the breach caused a notable long liquidation cascade, accelerating the bearish momentum. As a result, the price plummeted toward the substantial 200-day moving

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Bitcoin Price Analysis: BTC Recovers $57K but is the Bottom In Already?

14 days ago

Bitcoin’s price decline continues as the market has lost several key support zones. While many investors are worried about a deep crash, there is also the possibility for this drop to be a bear trap.
Technical Analysis
By TradingRage
The Daily Chart
The daily chart shows that the price has lost the $60K support level and dropped below the 200-day moving average, located around the $58K level.
The 200-day moving average is a key indicator, as it has held the price during previous bull markets. Whenever it was broken to the downside, the bull run was over. Yet, the price is currently trading around the $57K level, with BTC having failed to create a daily candle close below it.
The sizeable downward shadow in yesterday’s candle can indicate that the decline might have come to

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ETH Increases Toward $3.5K, Erases Much of Earlier Losses (Ethereum Price Analysis)

23 days ago

After a bearish correction phase, the price has now reached a crucial support zone, defined by the 100-day moving average and the 0.5-0.618 Fibonacci levels.
Given the strong demand at this juncture, a mid-term bullish rebound is looking likely.

By Shayan
The Daily Chart
A detailed examination of the daily chart reveals that Ethereum has entered a significant support zone following a corrective pullback. This zone spans the price range between the 0.5 ($3421) and 0.618 ($3289) Fibonacci levels, coinciding with the critical support of the 100-day moving average ($3387).
This area is poised with potential demand, where market participants might be inclined to open long positions.
Considering these factors, an increase in demand is expected, leading to a mid-term bullish

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XRP Price Analysis: Massive Move Imminent for Ripple Following Consolidation at $0.5

28 days ago

Ripple is currently in a prolonged consolidation phase, hovering near a decisive support region with minimal volatility and slight movements. An imminent breakout is expected, with its direction likely indicating the upcoming trend.

By Shayan
The Daily Chart
A detailed examination of the daily chart reveals that Ripple has been consolidating between the substantial support of $0.47 and the crucial resistance of $0.55, with the price forming a sideways triangle pattern.
On the other hand, the range’s upper boundary also aligns with the 100-day and 200-day moving averages, making it a decisive level of supply and acting as robust resistance.
The price is currently hovering around the triangle’s lower boundary at $0.47, approaching the narrow range of the pattern with

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When Will the Bitcoin Correction End and is $60K Possible? (BTC Price Analysis)

June 15, 2024

Bitcoin’s price has failed to make a new all-time high and is currently going through a correction. Yet, the bull market might still be far from over.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has failed to hold above the $66K level and is currently going through a correction. This is not a good sign, as the cryptocurrency recently broke above a large descending channel but has struggled to continue higher, making it a fake breakout.
The RSI has also dropped below 50%, indicating that the momentum is bearish once more. It seems that a decline toward the $60K support zone is probable at the moment.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour chart, things seem a little better. The price has been consolidating inside a

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Can Ethereum Initiate a Bullish Recovery Toward $4K Soon? (ETH Price Analysis)

June 15, 2024

Ethereum’s rally has come to a halt, as the price has failed to continue above the $4,000 level once more. However, not all hopes for a new bull run are lost just yet.
Technical Analysis
By TradingRage
The Daily Chart
The price has been decreasing in the last two weeks based on the daily timeframe of the ETH/USDT chart. This short-term downtrend has begun since the cryptocurrency has been rejected from the $4,000 resistance level once again.
Currently, the $3,500 level provides support and prevents the market from dropping lower. A bearish breakout could result in a further decline toward $3,000 and the 200-day moving average located around the same area. This would be a key area, as a drop lower could cause a shift in the overall trend.
Source: TradingViewThe 4-Hour

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Is the Worst Over for DOT or More Pain to Come? (Polkadot Price Analysis)

June 14, 2024

Polkadot’s price has been consolidating sideways near the critical resistance region around the $6.5 threshold. A slight bullish reversal might occur in the short term due to the potential heightened demand near this pivotal level.
Technical Analysis
By Shayan
The Daily Chart
The daily chart shows Polkadot’s bearish momentum faded after reaching the substantial support region of $6.5, an important level in recent months. This pivotal support is accompanied by substantial demand, which could potentially overcome the ongoing supply.
However, the price is trapped within a critical and decisive range, bounded by the $6.5 support and a multi-month dynamic descending trendline. As the range narrows, an imminent breakout will likely determine the price’s next move in the short

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BTC Bears Set Sights on $60K But Fundamentals Remain Promising (Bitcoin Price Analysis)

June 11, 2024

Bitcoin’s price has failed to keep up its upward momentum and has yet to set a new record high above the $75K level. Given the current price action, even a deeper correction is probable.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price dropped below the $68K support level a few days ago. It has dropped back inside the large descending channel, making its recent breakout fake.
The $60K support level seems like a valid target for the upcoming weeks, and the 200-day moving average trending around the $56K mark can be the next target for the worst-case scenario.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour timeframe, things seem more apparent. The price has been forming an ascending channel pattern around the $70K resistance zone.

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What Can We Expect from the Polkadot Price in the Near Future? (DOT Price Analysis)

June 10, 2024

Polkadot buyers were unable to surpass the critical resistance at $7.5, resulting in a significant 7% decline due to increased selling pressure.
The cryptocurrency has now reached a decisive support level, and the upcoming price action will be crucial in determining Polkadot’s future trend.
Technical Analysis
By Shayan
The Daily Chart
A detailed daily chart analysis reveals that Polkadot buyers failed to reclaim a key resistance zone over several weeks. This zone includes the 100-day moving average at $7.6 and the price range between the 0.5 ($7.4) and 0.618 ($7.8) Fibonacci levels. The resistance is accompanied by substantial supply, likely stemming from aggressive short positions in the perpetual markets.
This intensified selling activity led to a 7% plunge in Polkadot’s

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Is ETH on the Verge of Dropping Below $3.5K? This Pattern Hints at It (Ethereum Price Analysis)

June 10, 2024

After a brief consolidation near the critical $4K resistance level, Ethereum encountered increased selling pressure, leading to a decline. However, a significant support zone lies ahead, which may curb further downward movement.

By Shayan
The Daily Chart
A closer look at the daily chart shows that after a short period of consolidation near the pivotal $4K resistance, Ethereum faced heightened selling activity, resulting in a notable rejection. This indicates strong selling interest around the previous major swing high of $4K, highlighting aggressive short positions near this key level.
Nonetheless, there is a significant support zone ahead, including the 100-day moving average at $3,430 and the 0.5 Fibonacci retracement level at $3,419. This suggests that the current

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XRP Plummets Below $0.5 but Bulls Looking Eager to Recover (Ripple Price Analysis)

June 9, 2024

Following weeks of consolidation, Ripple’s price is finally showing signs of beginning a significant move. However, this is not good news, as the anticipated move seems to be bearish.
By TradingRage
The USDT Paired Chart
Against USDT, XRP has been consolidating inside a symmetrical triangle pattern over the last couple of months since dropping below the 200-day moving average.
On Friday, the market experienced a sudden drop. While the price has recovered more than half of its losses, the daily candle has closed below the triangle pattern.
With the RSI also dropping below 50%, the momentum is in favor of a bearish move, and a drop toward the $0.4 support zone would be highly probable if the $0.5 level breaks down.
Source: TradingViewThe BTC Paired Chart
The XRP/BTC pair

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Why Did the Bitcoin Price Crash Below $70K and is the Bleeding Over? (Bitcoin Price Analysis)

June 9, 2024

Bitcoin’s price has been having difficulty approaching its all-time high of $75K and is still consolidating.
On Friday, the cryptocurrency tanked below $70K, and if the current level supporting the price breaks down, an even deeper correction could be expected.
Technical Analysis
By TradingRage
The Daily Chart
On the daily timeframe, the price has been hovering around the higher boundary of the large descending channel, failing to break it to the upside with momentum. The $69K support zone is currently holding BTC, preventing it from dropping back inside the channel and toward the $60K level.
If the market somehow breaks above the $72K resistance level, a rally toward the $75K record high and even further would be imminent.
Source: TradingViewThe 4-Hour Chart
Looking at

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Polkadot Can Target $10 Next, but Here’s the Catch (DOT Price Analysis)

June 7, 2024

Polkadot faces a significant challenge in reclaiming a decisive resistance region encompassing the $7.5 mark, the 100-day moving average, and critical Fibonacci levels. This resistance range can potentially halt upward pressure in the short term.
Technical Analysis
By Shayan
The Daily Chart
A comprehensive daily chart analysis highlights Polkadot’s prolonged struggle to breach a crucial resistance zone over several weeks. This resistance includes:
The static resistance level at $7.5
The 100-day moving average at $7.6
The price range between the 0.5 ($7.4) and 0.618 ($7.8) Fibonacci levels
This formidable range is likely accompanied by significant supply and selling pressure, capable of resisting buyers’ upward momentum. In the event of a rejection, the consolidation phase

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Hidden Details Pointing to a Potential ETH Price Rally to $4K: Ethereum Price Analysis

June 3, 2024

Ethereum’s price has spiked significantly following its ETF approval. However, the market is yet to break its recent high.
Technical Analysis
By TradingRage
The Daily Chart
On the daily timeframe, the price broke above the large descending channel back in May. However, it has been consolidating between the $3,600 and $4,000 levels since, failing to continue its upward trajectory. Yet, with the Relative Strength Index still showing values above 50%, the momentum is seemingly in favor of a further continuation past the $4,000 resistance level and toward a new record high.
Source: TradingViewThe 4-Hour Chart
Meanwhile, on the 4-hour timeframe, the price action has been choppy over the past couple of weeks. The market has tested the $4,000 area a couple of times already but

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Calm Before the Storm: DOT Ready to Rally to $9? (Polkadot Price Analysis)

June 3, 2024

Polkadot’s price has been consolidating over the past couple of months, following a steep decline in early April. Yet, things might be changing for the better.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the cryptocurrency has been range-bound inside a rising wedge pattern. This is a classical bearish reversal or continuation pattern that would be validated if the price breaks it to the downside. Meanwhile, the market has also been hovering around the 200-day moving average, making gradual higher highs and lows.
Therefore there is also a considerable possibility for DOT to break the pattern to the upside and rally toward the $9 resistance level. Yet, everything depends on the direction of the breakout from the pattern.
Source: TradingViewThe

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Bears Seem in Control, Is DOT About to Drop Toward $6.5? (Polkadot Price Analysis)

May 29, 2024

A constant consolidation near the substantial resistance region of $7.4 indicates an ongoing battle between Polkadot buyers and sellers.
Nevertheless, the market is in a critical spot, with the upcoming price action shedding light on DOT’s future prospects.
Technical Analysis
By Shayan
The Daily Chart
A detailed examination of Polkadot’s daily chart reveals an uncertain market state, as the price has been hovering around a crucial resistance marked by the $7.4 level and the significant 100-day moving average. Additionally, the RSI indicator has been consolidating near the 50 threshold, signifying a balance between buyers and sellers in the market.
Currently, the market is in a decisive position, with participants expecting a short-term rejection towards the $6.5 threshold.

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This Support Level Will Determine If BTC Soars to New ATH or Falls to $60K: Bitcoin Price Analysis

May 29, 2024

Bitcoin’s price has yet to break out of the large descending channel and move toward a new record high, but a further rally is highly probable.
Still, BTC failed to overcome the psychological $70,000 line earlier this week decisively.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the asset has been rallying recently since a rebound from the lower boundary of the descending channel and the $60K support level.
Yet, the higher trendline of the channel has rejected the cryptocurrency, and the $68K support zone is currently being tested. If the level holds, it will only be a matter of time before bitcoin creates a new all-time high. On the other hand, a breakdown could cause a correction toward the $60K support level once again.
The 4-Hour Chart
Looking

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BTC Needs to Hold This Support Level Before Challenging the $73.8K ATH (Bitcoin Price Analysis)

May 25, 2024

Bitcoin’s price is on the verge of making a new all-time high after skyrocketing beyond the $70,000 line earlier this wee, and market participants are wondering how much further BTC will rally.
Yet, there is still one obstacle remaining as the asset has retraced below that level.

By TradingRage
The Daily Chart
On the daily chart, BTC has been rallying since its rebound from the $60K support level. It has recently been tested and rejected from the higher boundary of the large descending channel. Currently, the price is being supported by the $69K level.
If the line holds, bitcoin can once again rally toward the higher boundary of the channel and potentially higher toward the $75K resistance zone. However, the asset is quite uncertain at this point, with a few dips below

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After Surging by 25% to Multi-Week Highs, Where Is ETH Heading Next? (Ethereum Price Analysis)

May 25, 2024

Following a significant surge toward the $4K resistance level, Ethereum’s native token has encountered increased selling pressure, resulting in a slight consolidation.
The price is expected to fluctuate within a tight range and experience increased volatility before making its next significant move.

By Shayan
The Daily Chart
The daily chart shows that Ethereum experienced renewed demand and buying pressure near the critical $3K support level, which aligns with the 0.5 ($3,133) and 0.618 ($2,906) Fibonacci retracement levels. This buying momentum led to a notable upward move, with many short positions being liquidated as the price approached the substantial $4K resistance zone.
However, considerable supply near this pivotal area has increased sales pressure, causing

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Bitcoin Pushes Above $66K, is a New All-Time High in Sight? (BTC Price Analysis)

May 17, 2024

Bitcoin’s price is finally gaining some bullish momentum following almost two months of correction. It seems that the bulls are looking to paint a new record high in the coming weeks, but will they make it?
Technical Analysis
By TradingRage
The Daily Chart
Bitcoin’s daily price action has been showing an apparent corrective behavior. The cryptocurrency has been making lower highs and lows since dropping from $75K. The gradual decline inside a descending channel shows the market was in a corrective phase rather than a full-on bearish reversal.
Yet, the price has finally broken above the channel’s midline and is on its way to test the higher boundary of the pattern. In case of a bullish breakout above the descending channel, market participants can finally expect a rally

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ETH Bull Run Hopes Reignited as Bulls Test $3K Resistance (Ethereum Price Analysis)

May 16, 2024

Ethereum’s price has been on a gradual decline since mid-March and has yet to show any decisive sign of recovery.
Yet today’s price action is critical, as it can finally bring back some bullish momentum to the market.
Technical Analysis
By TradingRage
The Daily Chart
Looking at the daily timeframe, Ethereum’s price has been trending lower inside a large descending channel and is yet to break it to either side.
Meanwhile, the cryptocurrency is currently testing the midline of the range and the key $3,000 level. With the 200-day moving average located near the $2,800 support zone, the market seems more likely to rally higher toward the $3,600 resistance zone in the coming weeks.
Source: TradingViewThe 4-Hour Chart
The 4-hour chart paints a more clear picture. Ethereum’s

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Calm Before the Storm? DOT Eyes This Level to Trigger Mass Liquidations (Polkadot Price Analysis)

May 11, 2024

Polkadot’s recent price action has been characterized by steady but uncertain movements within a defined range, highlighting a balance between buyers and sellers.
However, a decisive breakout from this range is imperative to determine its future trajectory.
Technical Analysis
By Shayan
The Daily Chart
On the daily chart, Polkadot has been trapped within a defined range, with the $6 support and the $7.5 resistance serving as significant boundaries. This sideways movement indicates a period of consolidation, during which buyers and sellers are evenly matched, leading to uncertainty about the cryptocurrency’s next move.
Although there was a bullish rebound towards the upper boundary of the range, which coincided with the 200-day moving average, selling pressure emerged,

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