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Tag Archives: Ethereum (ETH) Price

Clear Upward Trend in Addresses as Ethereum Rallies Past $1.6K: Data

The year started on a bullish note which aided the world’s largest altcoin to sprint towards its pre-FTX market cap levels. Days after struggling to overcome $1,600, Ethereum finally climbed past the resistance level on Tuesday amidst a broader market rally. Even as certain group of investors looking to pocket quick gains began offloading the token, this has not affected the growing appeal of the network. Ethereum Ownership According to the latest data by IntoTheBlock, there...

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ETH Breaks Past $1.6K But is a Short-Term Correction Imminent? (Ethereum Price Analysis)

Ethereum’s price has been on the rise for quite a while now after breaking above the $1300 resistance level. While the positive trend remains on higher timeframes, some signs are suggesting that at least a short-term correction is quite probable. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price is constantly climbing higher and could reach the $1800 level soon. However, a short-term pullback seems imminent as the RSI indicator has been in...

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Ethereum on the Verge of Huge Milestone Following Bullish Start of 2023

ETH’s price is rallying throughout the past couple of weeks. But that’s not the only news adding to Ethereum’s bullish momentum this month. The decentralized computer network is closing in on 100 million Ethereum addresses. Crypto prices continue to swell with capital inflows as we enter the second half of January. Positive macroeconomic data continues to work its magic on asset valuations across the board. The S&P 500 Index and NASDAQ Composite have continued their new...

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Warning Signs Flash for Ethereum as Rally Cools Down (ETH Price Analysis)

Ethereum’s price surge has seemingly halted after rallying over the past couple of weeks. With multiple key resistance levels broken, the market seems likely to enter a bullish phase. However, some warning signals are emerging. Technical Analysis By: Edris The Daily Chart: On the daily timeframe, the price has broken past the $1300 resistance level, and the 200-day moving average is around the $1400 mark. Yet, bullish momentum has been fading recently, making a bearish...

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ETH Consolidates Below Critical $1.6K Resistance, What’s Next? (Ethereum Price Analysis)

Ethereum’s price has printed a substantial increase and finally surpassed the channel’s upper boundary. In spite of this, the cryptocurrency is approaching a critical resistance zone, and if a breakout occurs, an impulsive uptrend would become more likely. Technical Analysis By Shayan The Daily Chart Ethereum’s price has experienced an uptrend since breaking above the 50 and 100-day moving average lines and has currently reached the $1.6K critical resistance zone. This price...

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Bitcoin Explodes 14% Weekly, is $20K Next? (BTC Price Analysis)

Bitcoin’s price has finally broken above a significant resistance level following yesterday’s CPI announcement. However, there is still one major obstacle that should be taken out for the price action to be considered bullish. Technical Analysis By: Edris The Daily Chart: On the daily timeframe, the price has finally broken above both the $18K resistance level and the higher boundary of the large falling wedge pattern. From a classical price action point of view, BTC could...

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Here’s the Next Target for Ethereum if $1,300 Holds (ETH Price Analysis)

Ethereum’s price is on the verge of breaking out from a significant resistance level after testing it for quite a while. However, there are still some obstacles for the price to overcome in order for a new bullish phase to begin. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price is breaking above the key $1300 resistance level after finally surpassing the 50-day moving average. In case of a bullish breakout, the 200-day moving average found at...

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Crypto Price Analysis Jan-06: ETH, XRP, ADA, LTC, and SOL

This week, we take a closer look at Ethereum, Ripple, Cardano, Litecoin, and Solana Ethereum (ETH) This Wednesday, the bulls took over the price action and pushed ETH all the way to the key resistance at $1,260. Since then, the price seemed unable to break above. Nevertheless, Ethereum still managed to book a 3.8% increase in the past seven days. The fact that in the past two days, the price has been rather timid in pulling back from this most recent rally suggests that...

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ETH Price Analysis: Ethereum Bulls Gathering Confidence at the Start of 2023, What’s Next?

Ethereum’s price has been oscillating in a very tight range over the past couple of weeks as the markets were heading into the new year’s holidays. However, a decisive move may be on the horizon, as the cryptocurrency now resides in a critical area. Technical Analysis By: Edris The Daily Chart: On the daily chart, the price has been testing a significant resistance level recently, where the $1250 zone and the 50-day moving average have a confluence. While the market is yet to...

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Crypto Price Analysis Dec-30: ETH, XRP, ADA, MATIC and SOL

This week, we take a closer look at Ethereum, Ripple, Cardano, Polygon, and Solana Ethereum (ETH) Another week has passed with little excitement for Ethereum investors as volatility was low – likely due to the Christmas holidays. However, ETH’s price did fall by 2% in the past seven days. This is a negligible move in the price, which still remains in a flat trend. This cryptocurrency remains stuck between the key support at $1,160 and the resistance at $1,240. This channel is...

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