Ethereum Could Target $3,000 Once It Breaks Current Supply Levels Analyst

Ethereum has experienced a prolonged consolidation below key resistance levels, struggling to find momentum as it continues to trade sideways. The price has been closing between $2,650 and $2,750 for the past week, creating uncertainty in the short term. With ETH facing selling pressure and unable to reclaim the $2,800 mark, investors are growing concerned about its ability to recover. Related Reading: Solana Sweeps Lows But Recovers Can Bulls Reclaim $185 by Friday? Despite the recent choppy price action, some analysts believe Ethereum could be gearing up for a bullish move. Crypto expert Carl Runefelt shared a technical analysis on X, stating that Ethereum has been forming a bullish pattern on the daily time frame. If this pattern plays out, ETH could see a strong breakout in the coming days. Ethereum is holding at crucial demand levels, making the next move critical for its short-term direction. If buyers step in and reclaim the $2,800 level, it could signal a trend reversal and open the door for a rally above $3,000. However, failure to hold support could lead to further downside, increasing selling pressure. With uncertainty looming, traders are closely watching ETHs price action for confirmation of its next move. Ethereum Consolidation Continues Ethereum investors are trying to stay calm amid ongoing volatility, but fear continues to grow that ETH could see further downside if it fails to reclaim key levels. The price remains stuck in a tight range, trading between crucial liquidity levels of short-term demand and supply. Market sentiment is dividedsome investors anticipate a deeper correction and prolonged consolidation, while others believe Ethereum is on the verge of a recovery rally. Runefelt’s analysis on X states that Ethereum is forming a symmetrical triangle pattern and could break out any hour now. According to Runefelt, the target for this potential breakout is $3,055, a level that could serve as a turning point for ETHs short-term trend. However, Ethereum must first reclaim the $2,800 mark and hold above it to confirm the start of a recovery phase. If Ethereum successfully breaks above this resistance, it could trigger a strong rally, pushing prices back toward the $3,000 level. On the other hand, failure to hold support could lead to another wave of selling pressure. With uncertainty looming, all eyes are on ETH as traders await confirmation of its next major move. Related Reading: Ethereum Holds Multi-Year Bullish Structure Time For A Comeback? With Ethereum trading at a critical juncture, the coming days will be crucial in determining its short-term direction. If bulls sustain momentum and push the price above key resistance levels, confidence in a recovery rally will grow. Price Testing Short-Term Supply Ethereum is trading at $2,750 after nearly two weeks of struggling to reclaim the $2,700 level. While bulls have held above key support levels, ETH remains stuck below crucial resistance, making price direction uncertain. The most critical level that bulls must reclaim is the $2,800 mark, which has acted as a strong supply zone for weeks. If Ethereum closes above the $2,800 level and holds above it, bullish momentum could build up, leading to a breakout. The next major target would be the 200-day Moving Average, which sits around $2,930. A push above this moving average would signal strength and open the door for ETH to test the $3,000 mark. Related Reading: Bitcoin STH Realized Profit Reveals Strong Support Level Time For A Breakout? However, if ETH fails to break above $2,800 and faces rejection, the market could see renewed selling pressure. This scenario would likely send ETH back toward the $2,600 level, testing lower demand zones. With Ethereum trading in a tightening range, a breakout or breakdown seems imminent. Bulls need to step up and reclaim lost ground quickly, or bears may take control and push ETH into lower price levels. The next few daily closes will be crucial in determining Ethereums short-term direction. Featured image from Dall-E, chart from TradingView

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Ethereum Analyst Sets $3,400 Target Once ETH Breaks Key Resistance Details

Ethereum has surged over 8% following Donald Trump’s election victory, igniting fresh optimism among investors. Despite this rally, ETH still trades below a crucial resistance level, keeping the price in check since early August.  This resistance, a critical barrier, must be cleared for Ethereum to regain its bullish momentum fully. Analysts are watching closely, with [...]

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Ethereum Eyes $3,900 Key Resistance Break Could Spark A Surge

Ethereum has been making waves in the crypto market, reaching its highest levels since June after hitting a local high of $3,688 just hours ago. This impressive price action has sparked excitement among investors and analysts, with many anticipating further surges in the coming hours. Ethereum is now eyeing a breakout above its yearly highs, which could set the stage for an even more aggressive rally. Related Reading: Cardano Whales Buy The Dip Metrics Show Increasing Demand Crypto analyst Carl Runefelt shared a technical analysis on X, highlighting the significance of Ethereum’s current resistance. According to Runefelt, ETH is at a critical juncture, facing a major resistance level that could determine its next move. Should Ethereum break above this barrier, it might quickly pump to $3,900, solidifying its bullish momentum. As the broader market sentiment remains strong, Ethereum’s price action remains unpredictable, especially as it leads altcoins in this upward trend. Investors are now eager to see whether ETH can maintain its upward trajectory and establish new milestones in the days ahead.  Ethereum Reaching New Highs Ethereum is making headlines as it reaches new highs, riding the wave of bullish momentum while Bitcoin consolidates below the $100,000 mark. This rally has positioned Ethereum as a key driver in the altcoin market, which continues to post massive gains and attract investor attention. With the broader market sentiment improving, Ethereums performance is becoming a focal point for traders and analysts alike. Related Reading: XRP Consolidates Below Crucial Resistance Analyst Sets $1.60 Target Crypto analyst Carl Runefelt recently shared a technical analysis on X, emphasizing Ethereums critical resistance level. According to Runefelt, Ethereum is currently at a make-or-break point. A successful breakout above this resistance could trigger a sharp rally, potentially sending ETH to $3,900. If this level is surpassed, Ethereum would likely target yearly highs above $4,000, solidifying its position as a leader in the ongoing market surge. The coming days will be crucial for Ethereum as traders closely watch its ability to maintain upward momentum and overcome these key price levels. With the altcoin market gaining strength and optimism growing, Ethereums next move could set the tone for the broader crypto landscape. Whether it achieves a breakout or consolidates further, the attention on Ethereum highlights its role in shaping this bullish market cycle. ETH Price At A Turning Point Ethereum is currently trading at $3,600, a crucial level that will define its next price direction. As the market watches closely, Ethereums ability to hold above this price will determine whether it can continue its bullish momentum or face a pullback. If ETH maintains strength above $3,600, it is likely to surge further, targeting the next significant milestone: yearly highs at $4,080. A breakout above this level would not only reaffirm the bullish trend but also position Ethereum for a potential continuation toward even higher levels. However, Ethereum could face a short-term correction if it fails to hold above $3,600. The first major demand zone lies at $3,400, which would act as a critical support level. A failure to sustain even this level could lead to further declines, with the next potential support zones forming at lower price ranges. Related Reading: Cardano Reclaims $1 As Network Growth Surges Larger Breakout Ahead? Market sentiment remains cautiously optimistic, with many analysts highlighting the importance of Ethereums current price action. The coming days will be pivotal as investors and traders look for signs of strength or weakness at this critical juncture. Whether Ethereum consolidates further or surges toward new highs, its performance will likely have a significant impact on the broader altcoin market. Featured image from Dall-E, chart from TradingView

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Last Chance To Buy Ethereum? Analyst Expects $6,000 Once It Breaks 8-Month Accumulation

Ethereum (ETH) is gearing up for an explosive bullish phase after decisively breaking above the crucial $3,000 mark. This milestone has fueled optimism among traders and investors, signaling a potential surge to new all-time highs. ETHs recent price action demonstrates strong momentum, suggesting that the second-largest cryptocurrency by market cap is ready to reclaim its [...]

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Analyst Exposes Ethereum Ascending Support At $2,400 Best Chance To Accumulate ETH?

Ethereum is trading at $2,500, following a 9% pullback from recent highs after it failed to establish a higher high above $2,820. This retrace has sparked renewed interest among investors, with top analyst and investor Carl Runefelt sharing a technical analysis that points to a promising setup for accumulation.  Runefelt highlights a bullish pattern emerging in ETH’s price action, indicating that this retracement could be a prime opportunity for long-term holders to accumulate more Ethereum before a potential rally. Related Reading: Bitcoin Consolidates Near ATH Volume Suggests A Big Move Ahead The coming days will be pivotal for Ethereum as the crypto market closely watches Bitcoins attempt to break its all-time highs. Should BTC achieve this feat, it would confirm a new bull run, likely bringing Ethereum.  The crypto community is eagerly waiting to see if Ethereum can hold its ground above $2,400 and eventually surpass resistance at $2,820, potentially setting the stage for higher gains. Ethereums current levels and consolidation phase suggest a decisive move could unfold soon, making it a crucial time for ETHs trajectory in the broader market cycle. Ethereum Sideways Consolidation  Ethereum has been lagging behind Bitcoin and several other altcoins like Solana, which have recently seen more robust price action. This underperformance has drawn attention from analysts and investors alike, including top analyst Carl Runefelt, who recently shared an in-depth technical analysis on X.  Runefelt highlights Ethereums current formation around an ascending support level, suggesting that ETHs current price could present one of the best accumulation opportunities before a potential rally. Runefelts analysis points to a crucial ascending support level of around $2,450, which has held steady despite Ethereums pullbacks, maintaining a bullish structure. He emphasizes that if Ethereum continues to trend down, this support could be an attractive entry point for long-term investors looking to accumulate ETH while its relatively undervalued.  The chart formation suggests a possible price floor, which, if buyers intervene, could catalyze a move toward higher levels. Related Reading: Dogwifhat (WIF) Prepares For A Bullish Breakout Analyst Sets $3 Target On the upside, Ethereum faces a key resistance at $2,800. Runefelt notes that breaking this resistance could trigger a significant upward move, potentially aligning ETH with broader market trends if BTC breaks into new all-time highs.  If Ethereum successfully clears the $2,800 level, it would confirm the bullish pattern and likely fuel a surge in price action. This breakout could signal that Ethereum is ready to catch up to Bitcoin and outperform altcoins, creating a more favorable outlook for ETH in the broader market landscape. The next few days will be crucial for Ethereums trajectory as it continues to hold above the ascending support level. Traders and investors are watching closely to see if ETH can break out of its recent underperformance and reclaim its position as an altcoin leader. ETH Technical Details  Ethereum is trading at $2,505 after a failed attempt to hold above the 4-hour 200 moving average (MA) at $2,530. This slip below the 200 MA has put ETH in a precarious position as it seeks new demand levels to stabilize the recent retrace. The price is nearing a crucial support level, and breaking below this area could trigger a significant correction, adding considerable downside risk to Ethereums current price action. For Ethereum to avoid a deeper drop, finding support around the $2,450 mark is essential. If buyers step in and manage to keep ETH above this level, it would signal a positive shift in momentum. An even stronger bullish indicator would be if ETH rebounds and pushes above the $2,550 level, which would help restore confidence in the asset and signal a potential recovery phase. Related Reading: Dogecoin Metrics Reveal Increasing Network Activity Is DOGE Ready To Break Yearly Highs? Such a move could mark the end of the retrace and position ETH for further upside in the coming sessions. However, until the price finds solid footing, ETH remains vulnerable to further declines, making this a pivotal moment for the assets short-term outlook. Featured image from Dall-E, chart from TradingView

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Ethereum Holds Key Support To Set A $6,000 Target Analyst

Ethereum (ETH) is showing strength, finding support at a critical level around $2,400 and pushing to local highs near $2,800. Top analyst Ali Martinez shared a technical analysis highlighting Ethereums potential to break out. Holding this key level suggests ETH could be on the verge of a significant rally.  Martinezs analysis points to a large trading channel with an upper boundary of around $6,000, indicating a substantial upside if ETH continues to gain momentum. Related Reading: Bitcoin Bears Fear A Short Squeeze Above $71,000 As Open Interest Rises To $22.6B As the crypto market broadly trends toward new highs, Ethereums performance has lagged behind some altcoins. A strong push past $2,700 could build the momentum for Ethereum to attract renewed interest, particularly from institutional and long-term investors.  Investors are watching to see if it can finally catch up to the broader markets gains. Should Ethereum hold its ground and continue upwards, the anticipated surge could solidify its position as a leading asset in the next major crypto rally. Ethereum Accumulation About To End Ethereum has been consolidating since early August. Some analysts see this as a strategic accumulation phase by long-term investors before a potential breakout. Ali Martinez highlights this view in his technical analysis on X, sharing a chart showing Ethereum trading within a channel.  According to Martinez, this ongoing consolidation around $2,400 suggests a buildup phase, positioning ETH for a powerful surge if it breaks out of its current range. Martinez points to the critical $2,400 support level as a foundation to propel Ethereum toward the channels upper boundary at around $6,000. Such a move, however, would require ETH to first breach the $2,800 level, confirming a shift out of its consolidation phase.  If Ethereums price closes above this level, the breakout would mark a reversal and signal a new upward trend. This potential rally aligns with broader market trends, as other altcoins and Bitcoin are pushing toward new highs. Analysts believe this could create a domino effect, drawing capital into ETH as investors look for high-upside assets with established use cases and network activity.  Related Reading: Cardano Might See A Massive Pump Around November 18 Analyst Exposes 2020 Similarities If Ethereum can hold above $2,800 and build momentum, the move could validate Martinezs $6,000 target. Investors are watching as a breakout could signal a phase of exponential growth for the second-largest cryptocurrency by market cap. ETH Testing Critical Supply level Ethereum (ETH) is trading at $2,680, just 3.5% away from its 200-day exponential moving average (EMA) at $2,776. This EMA level acts as a significant resistance point, and for bulls to take control, ETH must break above it and then hold this level as support to confirm an uptrend.  A push above the $2,820 supply level would further solidify bullish momentum and set the stage for a potential breakout. However, ETH might spend several days trading below these crucial levels before a decisive move unfolds. Market conditions could favor a period of consolidation, allowing ETH to gather more strength and push higher. Related Reading: If Dogecoin Breaks Above Key Resistance We Could See A 25% Rally Top Analyst A retrace is likely if ETH fails to hold prices above the 200-day EMA and the $2,820 supply zone. In this scenario, ETH would potentially seek support around lower demand levels, notably near $2,500, where it could stabilize. If ETH holds this support, consolidation within a range could continue. Investors and traders closely watch these levels to gauge ETH’s next direction in this critical phase. Featured image from Dall-E, chart from TradingView

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Ethereum Bullish Breakout Confirmed Top Analyst Predicts $3,400 Target

Ethereum (ETH) trades above $2,600 after a 5% retrace from local highs around $2,750. Over the past two weeks, ETH has maintained a bullish trajectory, sparking optimism across the market as investors look for further signs of strength in the price action. Top analyst and investor Carl Runefelt recently shared a technical analysis, highlighting that Ethereum has broken out of a bullish pattern that began forming in early August. According to Runefelt, once ETH confirms solid demand around its current level, its only a matter of days before the next rally kicks off. Related Reading: Solana Could Go Parabolic Starting Today Analyst Sets $370 Target With the broader crypto market gaining momentum, Ethereum is positioned to continue climbing, and investors are closely watching for confirmation of support at this key level. If ETH holds, the next leg up could be targeting higher price zones, adding to the bullish sentiment. The coming days will determine whether Ethereum can resume its upward trend and capitalize on the ongoing market strength. Ethereum Pushing Above $2,600 Ethereum has underperformed compared to Bitcoin this year, leaving many investors concerned as the next bull run approaches. While Bitcoin has surged, Ethereum has struggled to rally with the same strength. This has sparked worry among ETH holders, who expected the second-largest cryptocurrency by market cap to lead the charge. Top analyst Carl Runefelt recently shared a compelling analysis on X. The analysis features a price chart that reveals Ethereum breaking out of a symmetrical triangle on the daily timeframea classic bullish pattern.  If price action holds, it could send ETH to $3,400, according to Runefelts analysis. This breakout is a key signal for Ethereum, but its sustainability depends on whether the price can successfully retest the upper triangle line, which had previously acted as resistance. Currently, Ethereum is testing support at this critical level, with $2,600 being the line in the sand. A close below $2,600 would invalidate the symmetrical triangles bullish thesis and could lead to further downside, putting a dent in the optimism surrounding ETHs future price action.  Related Reading: XRP Network Activity Surges As Price Seeks To Break $0.55 Resistance However, if Ethereum holds above this level, it could signify that the breakout is intact, setting the stage for a strong rally as the broader market prepares for a bull run. The next few days will be crucial for ETHs trajectory. Price Action: Technical Levels To Watch  Ethereum is at $2,620 after failing to reclaim the 200-day exponential moving average (EMA) at $2,795. The price is testing support around the crucial $2,600 level, which will determine the direction of ETH’s price action in the coming days. If Ethereum holds above this level, the next target would be back above the 1D 200 EMA at $2,800. This is a crucial price zone as it aligns with ETH’s local high set in late August at $2,820. A successful breakout above $2,800 would signal a strong bullish continuation, making a push toward higher levels imminent. However, if ETH fails to consolidate above $2,600, the risk of a retracement to lower demand zones becomes increasingly likely.  Related Reading: Dogecoin Breaks Above $0.12 Level Time For DOGE To Catch Up? Traders and investors closely watch these levels as Ethereum seeks to regain momentum amid broader market uncertainty. The next few days will be critical in determining whether ETH continues its upward trend or faces further downside pressure. Featured image from Dall-E, chart from TradingView

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Ethereum Analyst Predicts A Bullish Q1 Can ETH/BTC Ratio Push Above 0.04?

Ethereum has kicked off the new year with a strong performance, surging over 9% in just a few days. This rally has brought renewed optimism to the market, especially among analysts and investors who had grown concerned about Ethereums prolonged underperformance compared to Bitcoin. Over the past months, ETH struggled to maintain momentum, causing many to question its near-term potential. Related Reading: Solana Breaks Above Daily Downtrend Analyst Expects New ATH Soon However, top analyst Daan recently shared an insightful chart that has shifted the narrative. According to Daan, Ethereum has historically shown significant activity during the first quarter of the year, even in periods where it lagged behind Bitcoin. This trend underscores Ethereum’s potential for a rebound as market dynamics shift in its favor. While Ethereums price action is gaining strength, the next few weeks will be crucial. Investors are watching closely to see if ETH can sustain this momentum and reclaim dominance within the altcoin space. The markets overall sentiment suggests that 2025 could be a pivotal year for Ethereum, with the Q1 trend potentially setting the tone for an impressive run ahead. Ethereum Start To The Year Sparks Optimism Ethereum has begun 2025 on an optimistic note, with investors and analysts watching closely to see if this momentum can sustain. While the start of the year has been strong, Ethereums performance will need to break away from past trends of underperformance relative to Bitcoin to truly thrive in the months ahead. Top analyst Daan recently shared a detailed analysis of the ETH/BTC ratio on X, highlighting the historical significance of Q1 for Ethereum. According to Daan, Ethereum has often seen substantial action durin.g this period, even in years when it lagged behind Bitcoin. During the previous bull cycle in 2020 and 2021, the ETH/BTC ratio experienced significant surges that coincided with the start of an alt season. This historical data suggests that Ethereums performance in Q1 could set the tone for broader market activity. For Ethereum to build on this promising start, the ~0.04 level in the ETH/BTC ratio stands as a critical resistance point. A decisive break above this level could reignite investor confidence and potentially lead to significant gains. However, failure to sustain momentum or surpass key levels might cause Ethereum to continue the broader trend of relative underperformance. Related Reading: Chainlink Tunrns Resistance Into Support ATH Next? The next few weeks will be pivotal. If Ethereum can leverage this Q1 strength and push past critical thresholds, 2025 could mark a standout year for the leading altcoin. ETH Testing Critical Zone Ethereum is trading at $3,595 after reaching a high of $3,629 yesterday, testing a critical level that could determine its short-term direction. The price has shown resilience, bouncing back from the late December dip, but bulls now face the challenge of breaking through this significant resistance to sustain upward momentum. This level represents a crucial juncture for Ethereum. A breakout above $3,629, followed by a strong close, could signal the start of a bullish rally, potentially setting the stage for a move toward higher targets in the weeks to come. However, the market remains in a phase of recovery, with trading activity reflecting cautious optimism as investors weigh the potential for continued upward movement. Despite this positive outlook, the path forward may require patience. Consolidation around the current levels is possible as the market seeks clarity and momentum builds. Bulls will need to maintain Ethereum’s position above $3,500 to ensure that the bullish structure remains intact. Related Reading: Shiba Inu Testing A Significant Support Zone Bullish Breakout Ahead? As the market begins to wake up from the seasonal correction, Ethereum’s performance at these levels will be critical. A decisive move in either direction could set the tone for the altcoin’s trajectory in the coming months, making this a key moment for investors and traders alike. Featured image from Dall-E, chart from TradingView

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