Tag Archives: Ethereum (ETH) Price

It was another eventful week in the cryptocurrency space, with BTC soaring to a new 19-month peak six days ago before facing retracements and rollercoaster propelled by industry vulnerabilities. It all started just after CryptoPotato’s previous Market Update on Friday. Just hours later, the primary cryptocurrency initiated an impressive leg up that resulted in breaking above $44,000 and hitting $44,700 for the first time in over a year and a half. That was a noteworthy...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and BONK. Ethereum (ETH) ETH’s price booked a 12% increase this past week after it was finally able to escape the ascending triangle that has been forming since 2022. The breakout above $2,150 started this rally, which may not see any significant pullback until $2,500. That is the current target for this move. If buyers remain aggressive, they could aim to take Ethereum to $3,000 after that. Looking...

After a consolidation period near the $1,500 mark, Ethereum buyers returned to the market, successfully reclaiming the $2K resistance region. However, following a notable surge, ETH has encountered a crucial price range, and it’s currently struggling to overcome it. Technical Analysis By GreatestTrader Over the past two months, Ethereum has enjoyed a positive trend, consistently moving upward. Accordingly, the increased buying pressure facilitated the surge above the...

TL;DR Massive ETH Whale Movement: A dormant ETH whale moved $90 million worth of ETH to Kraken, signaling potential selling pressure on the market. Market Impact: The transfer could affect ETH’s market by at least 2%, with implications for Kraken’s trading depth and broader market dynamics. Crypto Market Trends: The event aligns with increased whale activity and a bullish trend in altcoins, indicating a possible shift in market behavior. Massive Crypto Whale Wakes Up,...

Ethereum’s price has been blowing past several resistance levels recently. It is currently surging vertically, and the market participants are optimistic that a new bull market has begun. Technical Analysis By TradingRage The Daily Chart The daily chart shows that since the price broke above the 200-day moving average around the $1,800 level and the large bullish flag pattern, the market structure has shifted bullish once again. The $2,000 and $2,150 resistance levels have...

While the price of Bitcoin (BTC) ballooned to a 19-month high this weekend, Ethereum (ETH) has kept apace, surging beyond $2200 for the first time since May 2022. On-chain analysts at CryptoQuant have identified three drivers behind the crypto’s stellar performance over the past month. Ultrasound Money Takes Effect As shared by analyst MAC_D, ETH broke through a key resistance/support level at $2000 last week, which marks the average price at which Ethereum users began...

TL;DR Ethereum’s Price and Prospects: Ethereum (ETH) currently trades around $2,100, with the potential for a new all-time high influenced by market trends and technological advancements, especially its shift to proof-of-stake (PoS). Regulatory and Economic Factors: Ethereum’s future price could be affected by regulatory changes, with positive developments boosting investments and stricter regulations posing risks. Economic conditions and investor sentiment also play a...

TL;DR Ethereum (ETH) is showing strong performance, currently trading around $2,000, with predictions of reaching its all-time high of over $4,800. Analyst FieryTrading forecasts ETH to reach nearly $5,000 by early 2025, citing a long-term bullish pattern. The same analyst predicts a significant rise for Cardano’s ADA, expecting it to exceed $35 by 2025 based on bullish market patterns. ‘Big Gains for ETH’ on the Horizon? Ethereum’s native cryptocurrency – Ether (ETH) – is...

Technical Analysis By TradingRage Ethereum’s price has been on the rise for the past few months, breaking above several resistance levels. Yet, the market is currently consolidating around the $2,000 mark, failing to continue its bullish momentum. The Daily Chart On the daily timeframe, the price has been consolidating around the $2,000 level after getting rejected from the $2,150 area once earlier. Yet, the $2,150 level has rejected the price once again, and the market is...

Technical Analysis By GreatestTrader Ethereum’s recent forceful upswing encountered resistance upon reaching a critical price region, encompassing the $2K threshold and the upper boundary of an ascending wedge. This resulted in a phase of consolidation correction, retracing towards the 100 and 200-day Moving Averages (MAs). A comprehensive analysis of the daily chart exposes a notable presence of supply in the crucial $2K region, coinciding with the upper boundary of the...