Market Expert Highlights Top Coins To Watch As Ethereum (ETH) Reaches 22-Month High

Market expert Miles Deutscher has identified several key trends and developments in the cryptocurrency market, particularly focusing on the Ethereum (ETH) rally and its implications for Layer-2 (L2) decentralized finance (DeFi) altcoins.  Deutscher highlights that ETHs recent surge to a 22-month high of $3,130 has sparked increased interest in L2/DeFi altcoins, presenting potential opportunities for [...]

The post Market Expert Highlights Top Coins To Watch As Ethereum (ETH) Reaches 22-Month High appeared first on Crypto Breaking News.

View Details

Ethereum Stays Within Symmetrical Pattern Analyst Sets ETH Target

Ethereum (ETH) is currently trading around $3,400, showing signs of indecision as it fails to establish strong support above this critical level. Recent price action reflects a lack of conviction among traders, leaving the market in a state of flux. Despite this uncertainty, Ethereum has managed to hold above key support zones that could act as a launchpad for a potential rally to new highs. Related Reading: Metrics Reveal Cardano Whale Accumulation Is ADA Poised For A Rally? Top crypto analyst Carl Runefelt recently provided technical insights into Ethereums price movement, noting that ETH stayed within a 4-hour symmetrical triangle formation over the weekend. This pattern often signals consolidation, with the potential for a breakout in either direction. While Ethereums current positioning keeps bulls hopeful, it also highlights the importance of maintaining these key levels to prevent further downside pressure. As traders and investors closely watch Ethereums next moves, the market appears to be at a pivotal moment. Breaking decisively above $3,400 could spark renewed momentum while losing support might lead to a deeper retracement. For now, Ethereums resilience at critical levels keeps the possibility of a bullish reversal alive, but confirmation of a clear direction remains elusive. Ethereum Testing Liquidity To Move After weeks of underwhelming price action and a prolonged period of sideways trading, Ethereum appears ready to make a decisive move. The pressing question remains: will the breakout be to the upside or the downside? Renowned crypto analyst Carl Runefelt recently shared his insights on X, revealing that ETH has maintained a position within a 4-hour symmetrical triangle pattern over the weekend. This technical setup often signifies a buildup of momentum, with the potential for a significant breakout in either direction. However, Ethereums trajectory is closely tied to Bitcoins performance, making BTCs next move a critical factor. Runefelt has identified clear targets for Ethereum based on Bitcoins behavior. If Bitcoin gains upward momentum, ETH could follow suit and push toward higher supply zones, with a bullish target of $3,900. On the other hand, a bearish move from BTC could drag ETH down, with the next key support level sitting at $2,920. Related Reading: Bitcoin Whale Moves 8,000 BTC Aged 5-7 Years What Happened Last Time Market participants are now bracing for a potential volatility spike as Ethereums price consolidates within the triangle. The coming days will be pivotal, as a confirmed breakout could set the tone for ETHs price action in the weeks ahead. Whether its a rally toward new highs or a dip to retest lower supports, Ethereum is at a crucial crossroads. Technical Levels To Keep An Eye On  Ethereum is trading at $3,400 after several days of oscillating between $3,300 and $3,500, reflecting a market stuck in indecision. The tight trading range highlights the growing tug-of-war between bulls and bears as both sides await a clear signal for the next move. For bullish momentum to regain control, ETH needs to reclaim the $3,550 level and establish it as a solid support. Doing so would likely trigger a rally toward higher resistance zones, potentially setting the stage for a larger breakout. However, the risks of downside action remain present. Losing the $3,300 support would expose Ethereum to sub-$3,000 levels, a scenario that could invite further selling pressure and dampen market sentiment. Related Reading: Dogecoin Whales Bought Over 90 Million DOGE In 48H Details The coming days are critical for Ethereum as traders closely monitor the prices behavior around these key levels. With uncertainty adding to the already cautious market atmosphere, many analysts anticipate a significant move on the horizon. Whether ETH surges past resistance or slides into deeper corrections depends largely on broader market dynamics, including Bitcoins performance and macroeconomic trends. For now, Ethereums indecision reflects a market at a crossroads, leaving participants eager for clarity. Featured image from Dall-E, chart from TradingView

View Details

Ethereum Whales Keep Buying As Price Struggles Expert Discloses Massive Accumulation

Ethereum has faced lackluster price action over the past year, significantly underperforming compared to Bitcoin and many altcoins that have surged during the ongoing market cycle. Once seen as the leader of innovation and growth in the crypto space, Ethereum’s slow movement has left many investors frustrated and questioning its short-term potential. However, signs suggest that this period of underperformance could be coming to an end. Related Reading: XRP Forms A Bullish Pattern In 4-Hour Chart Analyst Expects $4.20 After Breakout Recent data from on-chain analytics firm Santiment has revealed a bullish development for Ethereum. According to their insights, whaleslarge holders of cryptocurrencyhave accumulated over 1.14 million Ethereum in the last 48 hours. This surge in accumulation signals growing confidence among institutional players and high-net-worth investors, who are positioning themselves for a potential bullish breakout. This significant whale activity often precedes large price movements, as it demonstrates strong interest from those with the resources to influence market trends. With Ethereums fundamentals still solid and the adoption of its blockchain ecosystem steadily growing, the recent whale activity could be the catalyst for a reversal in Ethereums fortunes. Ethereum Investors Waiting For A Breakout Ethereum has been under significant selling pressure, facing heightened volatility over the past two weeks and extending through several months. This prolonged downtrend has tested the resolve of many investors, leading some to capitulate as Ethereum continues to underperform relative to Bitcoin and other altcoins. However, a growing number of market participants remain optimistic, convinced that ETH still holds significant potential for a major recovery this year. Among the bullish voices is top analyst Ali Martinez, who recently shared compelling data highlighting a surge in whale activity. According to Martinez, whales have accumulated over 1.14 million Ethereum in the past 48 hours, signaling renewed confidence in ETHs long-term prospects. Such large-scale accumulation by high-net-worth investors often indicates a belief in an impending price rebound, as whales are known to position themselves ahead of major market moves. This whale activity aligns with the broader bullish outlook many analysts have set for Ethereum this year. With its robust ecosystem, growing adoption, and significant upgrades like the recent Ethereum Merge enhancing its efficiency, Ethereum continues to solidify its role as a leading blockchain. Related Reading: Hedera Successfully Retests Key Demand Level Expert Says The Next Stop Could Be $0.52 The coming weeks will be critical for ETH as it navigates these volatile conditions. Whether Ethereum can capitalize on the bullish momentum created by whale accumulation remains to be seen. Still, the potential for a significant turnaround is evident, and the current market dynamics suggest that Ethereum is far from being counted out. Investors and analysts alike are keeping a close eye on ETH, anticipating whether it can overcome selling pressure and reignite its upward trajectory in the months ahead. ETH Price Action: Testing Key Levels  Ethereum (ETH) is currently trading at $3,305, holding above key demand levels despite a modest 4% drop since yesterday. The ability to maintain support around $3,300 is crucial for Ethereum to sustain its momentum and avoid further downside pressure. As the market remains uncertain, this level serves as a pivotal point for both bulls and bears. For ETH to confirm a new bullish trend, the price must push above local highs near $3,525. Breaking this resistance would signal renewed buying interest and could set the stage for further upward momentum, potentially reversing the recent underperformance compared to other assets. A decisive move above $3,525 would strengthen the bullish narrative and attract additional investor confidence. On the downside, losing the $3,200 support level in the coming days would likely signal weakness and could lead to a prolonged consolidation or even a deeper correction. Such a move might test lower demand zones, delaying Ethereums potential recovery. Related Reading: Solana Compresses Near Previous ATH Gearing Up For The Next Leg Higher? As ETH navigates this critical juncture, traders are closely watching these key levels to determine the assets next move. Whether Ethereum holds its ground or faces additional selling pressure, the outcome will likely shape its trajectory in the near term. Featured image from Dall-E, chart from TradingView

View Details