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Author: Sebastian Villafuerte

Altseason At Risk? Expert Believes Ethereum Must Hold $2,600 To Sustain Momentum

Ethereum is trading at crucial demand levels, facing intense selling pressure and struggling to reclaim the $2,800 mark. The recent price action has raised concerns among investors, who are trying to stay calm amid rising volatility but fear that Ethereum could drop further. Related Reading: Are Meme Coins Hurting Solana? Rising Selling Pressure Sparks Investor Concerns The broader crypto market sentiment remains divided, with Ethereum significantly underperforming Bitcoin and failing to build strong bullish momentum. Some analysts believe that ETH is at a make-or-break level, while others argue that a deeper correction is still possible. Top crypto analyst Ali Martinez shared a technical analysis on X, suggesting that altseason could be canceled if Ethereum fails to hold the $2,600 level. Martinez highlights that this price acts as crucial support for ETH and the entire altcoin market. A breakdown below this level could lead to further declines, pushing ETH into lower demand zones and triggering a broader sell-off across altcoins. With Ethereum struggling to regain strength, the next few days will be critical in determining its short-term direction. Bulls must step in and reclaim key levels to avoid further downside, while bears remain in control as long as ETH stays below $2,800. Ethereum Price Testing Crucial Demand Ethereum is trying to push above the $2,700 mark and hold above it to confirm the start of a recovery phase. However, the key resistance levels to reclaim remain between $2,800 and $3,000, which have acted as major supply zones in the past. Bulls are struggling to gain momentum, and Ethereums inability to break through these levels has led to increasing concerns about further downside risks. Related Reading: Ethereum Historical Indicator Flashes Long-Term Buy Signal Is History Repeating? Market analysts believe Ethereums next move will be crucial, as the market expects confirmation in either direction soon. Some analysts argue that Ethereums weakness relative to Bitcoin is a sign that altcoins are losing steam, while others believe that ETH could still have a chance to rally if key levels are reclaimed. Martinez’s analysis states that the alt season will be canceled if Ethereum fails to hold the $2,600 level. This price serves as a long-term demand zone, and losing it would invalidate any bullish momentum across the altcoin market. Martinez explained that Ethereum has historically led altcoin rallies, and its failure to hold key support levels could trigger a broader sell-off in altcoins. Bulls must defend the $2,600 level at all costs to confirm a sustainable rally, as a break below it could trigger a broader market correction. If ETH manages to hold above current levels and reclaim $2,800$3,000, it could signal the start of a bullish recovery. The next few days will be crucial for Ethereums short-term direction. Price Action Details: Key Levels To Watch Ethereum is trading at $2,680 after multiple attempts to reclaim the $2,700 level. Bulls are trying to push the price higher, but selling pressure remains strong, making it difficult for ETH to gain momentum. The next critical resistance level is at $2,800, and a break above this level would signal a potential bullish reversal. If ETH reclaims $2,800 and consolidates above it, a surge toward $3,000 could follow, bringing renewed optimism to the market. However, failure to hold the $2,600 level would be a bearish signal, suggesting that more downside risk is ahead. Losing this key demand level could trigger further selling pressure, leading to a potential drop into lower support zones around $2,400$2,500. Investors are closely monitoring these levels, as Ethereums price action will determine whether a recovery rally can begin or if a deeper correction is in play. Related Reading: Dogecoin Pulls Back To The Golden Ratio Analyst Expects A Bullish Reversal For now, ETH remains range-bound, and a breakout in either direction could define the trend for the coming weeks. Bulls need to step in aggressively to regain control and avoid a prolonged bearish phase. The next few trading sessions will be crucial in determining Ethereums short-term price action. Featured image from Dall-E, chart from TradingView

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Ethereum Holds Multi-Year Bullish Pattern Expert Suggests The Next Move Will Be The Real Deal

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Feb 11, 2025 12:05

Ethereum Holds Multi-Year Bullish Pattern Expert Suggests The Next Move Will Be The Real Deal

Ethereum has been struggling below the $2,800 mark for days, with sentiment around the second-largest cryptocurrency in the world becoming increasingly negative. Persistent selling pressure has left investors and analysts worried about Ethereums ability to stage a recovery, with many starting to lose hope for a rally. The bearish sentiment has only intensified as ETH continues to underperform compared to Bitcoin and other major assets, causing frustration among market participants who expected a stronger start to the year. Related Reading: Bitcoin Indicator Signals Short-Term Holders Have Been Taking Profits Is The Next Rally Near? Despite this negative outlook, there are reasons for optimism. Top analyst Jelle shared a technical analysis revealing that Ethereum is still trading within a multi-year ascending triangle, a bullish chart pattern that could signal a significant move higher. This pattern suggests Ethereum may just be consolidating before a potential breakout into higher prices. Historical patterns have shown that ascending triangles often lead to explosive price moves when key resistance levels are breached. As ETH trades near critical support levels, the coming days will be crucial for determining its short-term direction. Investors are watching closely to see if this bullish pattern holds and whether Ethereum can regain momentum, potentially sparking a recovery that could restore confidence in the market. Ethereum Prepares For A Decisive Move Ethereum appears to be gearing up for a decisive move as it struggles to reclaim momentum amid a challenging market environment. Investors are growing increasingly frustrated with Ethereums lackluster price action, and optimism for a rally is fading. Compared to Bitcoin and other altcoins like Solana, Ethereum has been underperforming, leaving bulls with little control over the price action. The constant selling pressure has dampened hopes for a recovery, leading many to question whether Ethereum can regain its footing. However, not all hope is lost. Top analyst Jelle recently shared a technical analysis on X, pointing out that Ethereum is still trading within a multi-year ascending trianglea bullish pattern that historically precedes explosive moves. According to Jelle, Ethereums price has faked out on both sides of this structure, a behavior that often suggests the next move will be the real deal. This technical setup indicates that Ethereum is building energy for a significant breakout or breakdown. Related Reading: Solana Holds Support Above Key Indicator Expert Sees Push To ATH If Momentum Returns Jelle also highlights the $4,000 mark as a critical supply zone. Ethereum has tested this level three times without success, but he believes the fourth attempt could finally break through. If Ethereum can clear this key resistance, it would mark a turning point and potentially ignite a rally into price discovery, restoring confidence among investors. Price Analysis: Key Levels To Hold Ethereum is currently trading at $2,650 after several days of selling pressure and market uncertainty. The price has struggled to reclaim the $2,800 mark since last Wednesday, reflecting a bearish sentiment that has dominated ETHs price action since late December. Bulls are facing increasing challenges as the momentum remains on the side of the bears, and confidence among investors continues to weaken. To reverse the ongoing downtrend, bulls need to hold the $2,600 level as strong support. This price has acted as a key demand zone in the past and could provide the foundation for a recovery. However, simply holding this level is not enoughEthereum must also reclaim the $2,800 mark and, more importantly, break above the $3,000 level to signal a shift in market sentiment. Related Reading: Whales Accumulate 100 Million Dogecoin In 24 Hours Demand Signals Growing Confidence If Ethereum can hold above $2,600 and successfully reclaim both the $2,800 and $3,000 levels, it could spark a push into higher supply zones. A move like this would provide the momentum needed for bulls to regain control and potentially drive ETH toward stronger resistance levels. However, failing to hold $2,600 could open the door to further downside, with the next critical support levels significantly lower. Featured image from Dall-E, chart from TradingView

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Ethereum Poised To Test $2,800 Support Level If Market Downtrend Persists Analyst

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Jan 28, 2025 12:10

Ethereum Poised To Test $2,800 Support Level If Market Downtrend Persists Analyst

Ethereum experienced a sharp decline yesterday as the broader cryptocurrency market tumbled. ETH prices dropped over 9% in just a few hours, shaking investor confidence and raising concerns about a potential deeper correction. The sudden downturn has sparked fear across the U.S. markets, adding to the uncertainty that has gripped the crypto space this Monday morning. Related Reading: Solana Active Addresses Surge To 832K Per Hour Outpacing Ethereum Amid TRUMP Meme Coin Hype Top crypto analyst Carl Runefelt shared a technical analysis on X, shedding light on Ethereums precarious position. According to Runefelt, Ethereum might test the $2,800 support level if the market continues its downward trajectory today. This key level could serve as a critical juncture for ETH, as losing it might lead to further declines and heightened selling pressure. Market sentiment has taken a hit, with many investors bracing for increased volatility in the days ahead. Analysts are closely monitoring macroeconomic indicators and broader market movements to gauge the potential impact on Ethereums price action. As ETH hovers around pivotal support zones, the next 24 to 48 hours will be crucial in determining whether the cryptocurrency can regain momentum or face a deeper correction. Investors are urged to tread cautiously as the market navigates this volatile phase. Ethereum Faces Intense Selling Pressure Ethereum has been under significant selling pressure since late December, reflecting the heightened volatility that has gripped the broader cryptocurrency market. Analysts and investors are increasingly bearish, with sentiment suggesting that ETH may continue to decline in the coming days. This challenging phase has raised concerns about the assets near-term prospects, leaving many market participants on edge. Top crypto analyst Carl Runefelt shared his technical analysis on X, highlighting a critical support level for Ethereum. Runefelt predicts that ETH might reach the $2,800 support level if the current market downturn persists. This key level could be a strong foundation for a potential recovery or signal further weakness if broken. Despite the bearish sentiment, some investors and traders see this potential drop as an opportunity. Ethereum remains one of the most prominent cryptocurrencies, and many believe it is still poised for significant gains this cycle. A correction to $2,800 could provide an attractive entry point for those confident in Ethereums long-term fundamentals and growth potential. Related Reading: Ethereum Whales Keep Buying As Price Struggles Expert Discloses Massive Accumulation As the market continues to navigate this uncertain period, all eyes are on Ethereums price action. Whether it holds at critical support or succumbs to additional selling pressure will play a crucial role in shaping its trajectory in the weeks ahead. Price Holds Above Critical Support Ethereum (ETH) is currently trading at $3,050, maintaining a position just above the 200-day moving average, which stands at $2,988. The 200-day moving average is widely regarded as a long-term indicator of strength, and holding above this level could signal a potential reversal of the ongoing downtrend. The market is watching closely to see if Ethereum can maintain this critical support, as it could mark the beginning of a recovery phase. Analysts highlight that staying above the 200-day moving average is essential to building bullish momentum and restoring investor confidence in the short term. However, holding support is only the first step. To confirm a trend reversal and establish a stronger bullish outlook, Ethereum must reclaim the $3,300 resistance level. This would indicate that buyers have regained control, potentially paving the way for further upside. Related Reading: Cardano Consolidates In A Symmetrical Triangle Analyst Expects A 40% Move On the flip side, losing the $2,988 level could lead to increased selling pressure, with the possibility of ETH testing lower support levels. As the market navigates this pivotal moment, the coming days will be crucial in determining whether Ethereum can sustain its current levels and make a push toward reclaiming higher ground. For now, traders and investors remain cautiously optimistic. Featured image from Dall-E, chart from TradingView

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Ethereum Is Ready For The Next Big Move Analyst Shares Bullish Target

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Jan 23, 2025 12:05

Ethereum Is Ready For The Next Big Move Analyst Shares Bullish Target

Ethereum (ETH) has been underperforming in recent weeks, with its price action leaving investors disappointed following last weeks flash crash and heightened volatility. Despite initial hopes for a recovery, ETH has struggled to regain momentum, trending downward since mid-December. This lack of bullish movement has left investors eager for a surge that could break Ethereum out of its current slump. Related Reading: XRP Whales Keep Loading Up Their Bags 100 Million XRP Accumulation In 48 Hours Adding to the anticipation, top analyst Carl Runefelt recently shared a technical analysis suggesting that Ethereum may be preparing for its next significant move. According to Runefelt, ETH is forming a 4-hour symmetrical triangle, a pattern often associated with periods of consolidation before a breakout. While the direction of the breakout remains uncertain, the formation indicates that a decisive move could be on the horizon. As Ethereum hovers near key levels, market participants are closely monitoring the triangle’s resolution. A breakout to the upside could reignite bullish sentiment, while a breakdown may signal continued struggles for the largest altcoin. With the broader crypto market showing signs of recovery, the coming days will be crucial for Ethereum to prove its resilience and reestablish its position as a leading performer in the space. All eyes are now on ETHs next move. Ethereum Consolidates Before A Move Ethereum is currently in a short-term consolidation phase, trading between key demand and supply levels as the market grapples with uncertainty. While analysts are anticipating a major move, the direction remains unclear due to heightened volatility and mixed sentiment among investors. ETH’s price action reflects a market in wait-and-see mode, with traders closely monitoring key technical levels for signs of a breakout. Top analyst Carl Runefelt recently shared his technical analysis on X, highlighting Ethereum’s preparation for its next significant move. According to Runefelt, ETH is forming a 4-hour symmetrical triangle, a pattern that often precedes a decisive breakout. He noted that this setup comes with both bullish and bearish scenarios, depending on the direction of the breakout. If ETH breaks above the triangle, the bullish target is set around $3,900, signaling the potential start of a new bullish phase. Conversely, a breakdown below the triangle would point to a bearish target near $2,720, indicating further downside. Runefelt emphasized the importance of monitoring this pattern as it unfolds, as the outcome could set the tone for Ethereum’s next trend. Related Reading: Dogecoin Trades Within Multi-Year Ascending Channel Expert Sets $15 Price Target With market sentiment still uncertain and volatility remaining high, Ethereum’s symmetrical triangle offers a clear framework for traders. Whether the breakout is upward or downward, it will likely mark the beginning of a significant move, shaping Ethereum’s trajectory in the weeks to come. For now, investors are keeping a close eye on this critical technical formation. Volatility Driving The Market Ethereum is currently trading at $3,317, navigating a market dominated by massive volatility. This heightened price action has become the primary force driving speculation and uncertainty among traders. As Ethereum struggles to stabilize, holding above critical support levels is essential to maintaining a bullish structure and avoiding further downside. The $3,300 level has emerged as a key area of support that bulls need to defend to sustain momentum. If ETH can hold this mark and push above the $3,550 resistance with strength, it could solidify a bullish outlook and potentially lead to a stronger recovery. Breaking this level would also signal renewed confidence among investors, opening the door to a more sustained upward trend. However, the markets uncertainty also carries the risk of a deeper correction. Losing the $3,000 psychological level could trigger additional selling pressure, leading to a dramatic drop and testing lower support zones. Such a move would challenge ETHs resilience and likely extend its consolidation phase. Related Reading: Solana Turns Key Level Into Support Analyst Expects Violent Moves Before Next Leg Up As the market waits for clearer signals, Ethereum’s ability to hold above key levels will be closely watched. The coming days are critical for determining whether ETH can maintain its structure or face further volatility and downside pressure. Featured image from Dall-E, chart from TradingView.

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Ethereum Is Forming A 1-Hour Symmetrical Triangle Bullish Breakout Or Deeper Correction?

Author: Sebastian Villafuerte

United Kingdom

Source: NewsBTC

Jan 14, 2025 12:05

Ethereum Is Forming A 1-Hour Symmetrical Triangle Bullish Breakout Or Deeper Correction?

Ethereum has begun the year much like it ended the lastunder a bearish cloud. The altcoin leader has faced a challenging start, with its price plummeting over 16% since January 6. Weak price action continues to dominate as ETH struggles to find strong support, leaving investors cautious about what lies ahead. Related Reading: Chainlink Forms A Daily Bullish Pattern Top Analyst Eyes Breakout To $30 Amid the market uncertainty, top analyst Carl Runefelt has shared a technical analysis on X, offering insight into Ethereums potential next move. Runefelt highlights that ETH is forming a symmetrical triangle pattern on the 1-hour timeframea setup that typically precedes a significant price move. According to his analysis, this formation signals a period of consolidation that could lead to either a bullish breakout or a bearish breakdown. A breakout could provide much-needed optimism for Ethereum investors, potentially reversing the bearish trend and pushing the price toward higher levels. On the other hand, a breakdown could extend ETHs current losses, raising concerns about deeper corrections in the near term. As the market waits for clarity, all eyes are on Ethereums next move, which could set the tone for its performance in the coming weeks. Ethereum Struggle: Whats Next For The Altcoin Leader? Ethereum investors are facing challenging times, with price action continuing to disappoint. After briefly holding key demand levels, many expected a shift in market sentiment. However, ETH has now fallen to its lowest price since late December, leaving investors anxious about its next move. Top analyst Carl Runefelt recently shared a technical analysis on X, shedding light on Ethereum’s current situation. Runefelt revealed that ETH is forming a symmetrical triangle pattern on the 1-hour timeframea structure that suggests a significant price move is imminent. The pattern highlights critical levels on both sides of the market, providing a roadmap for potential outcomes. If Ethereum fails to hold above the $3,000 level, a deeper correction is likely, which could push the price significantly lower. Conversely, reclaiming the $3,500 level would signal strength, setting the stage for a massive breakout. Such a move would not only restore investor confidence but also attract new capital into the market. Related Reading: Whales Buy 470 Million Dogecoin In 48 Hours As Price Tests Crucial Demand Level Details The market as a whole is at a crossroads, with Bitcoin holding above key support levels while altcoins, including Ethereum, continue to experience selling pressure. As traders closely monitor ETHs next move, its performance in the coming days could set the tone for the broader altcoin market. ETH Tests Crucial Support Levels Amid Downtrend Ethereum is trading at $3,113 after a 6% decline in the past few hours, signaling continued bearish pressure in the market. The price is now testing the daily 200 exponential moving average (EMA) at this level, a critical technical indicator that could determine the direction of the next move. Holding this EMA as support might spark a bullish recovery, giving ETH the momentum needed to reclaim higher levels in the coming sessions. However, the market remains on edge, and the key level to watch for support is the untested $3,000 mark. This psychological and technical level hasnt been revisited since late November, making it a significant zone of interest for both bulls and bears. A drop to this level could attract strong buying interest, potentially setting the stage for a rebound. Related Reading: XRP Scores A Lower High Break On Daily ATH Next? On the flip side, if ETH fails to hold the daily 200 EMA or loses the $3,000 level, a deeper correction could ensue, potentially driving the price into new lows for 2025. With market sentiment leaning bearish and key supports being tested, Ethereums price action in the next few days will be pivotal in shaping its short-term trend. Featured image from Dall-E, chart from TradingView

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