Ethereum Could Be Mirroring Bitcoins 2018-2021 Cycle Amid Record Selling

Crypto analyst The Cryptagon has raised the possibility of the Ethereum price mirroring Bitcoins 2018 to 2021 cycle, which he indicated was bullish ETH. This development comes amid record selling among ETH investors, which continues to exert downward pressure on the crypto.  Ethereum Could Be Mirroring Bitcoins 2018-2021 Cycle  In a TradingView post, the Cryptagon stated that Ethereum has been repeating Bitcoins 2018 to 2021 cycle very closely. He remarked that ETHs long-term holders may remain bullish just by looking at this BTC cycle, seeing as ETH could achieve a similar end result like the flagship witnessed in that cycle.  Related Reading: Crypto Analyst Publishes Insanely Bullish Report For Ethereum, Here Are The Facts The analyst admitted that Ethereum has been under heavy pressure since early December last year and almost touched the 12-month falling support this week. However, despite this development, the Cryptagon suggested that this is not the time to be bearish on ETH, as it could still reach new highs as it mirrors Bitcoins 2021 cycle.  He noted that in the 2021 cycle, a rebound on the falling support caused a massive breakout above the falling resistance and the Bitcoin price rallied to the 1.618 Fibonacci extension. In line with this, the Cryptagon predicted that Ethereum could at least reach $8,000 in this market cycle as it repeats a similar price action.  This bullish outlook for Ethereum comes amid record selling, which threatens any bullish reversal for ETH. In an X post, Cryptoquant founder Ki Young Ju revealed that Ethereum has faced record active selling over the past three months.  This has contributed to ETHs underperformance, with the altcoin being outperformed by other major altcoins like XRP and Solana over this period. While XRP touched its current all-time high (ATH) and SOL hit a new ATH, ETH has yet to come anywhere close to its current ATH.  The Most Important Price Level For ETH At The Moment In an X post, crypto analyst Ali Martinez, revealed that $1,887 is the most important support level for Ethereum at the moment. At this level, investors bought 1.63 million ETH. A drop below this level could lead to another massive crash for the second-largest crypto by market cap, with many of these investors possibly selling off their coins in order to cut their losses.  Related Reading: Analyst Says Youll Regret Not Buying Ethereum At These Prices, Heres Where Its Headed Martinez has already raised the possibility of Ethereum crashing to as low as $800. He noted that the $4,000 price level had been holding a strong horizontal resistance trendline. However, ETH recently broke out of this trendline, which has significantly increased the probability of a 70% price drop to this $800 target.  At the time of writing, the Ethereum price is trading at around $1,893, up over 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

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Ethereum Finally Set For A New All-Time High? Heres What Analysts Say

Ethereum (ETH) continues to hover around the critical $4,000 resistance level, a price point many believe could determine the cryptocurrency’s next major move. However, a strong weekly close has sparked optimism among analysts, suggesting that ETH could be on track to reach a new all-time high (ATH) soon. Ethereum Heading To New ATH? Experts Weigh [...]

The post Ethereum Finally Set For A New All-Time High? Heres What Analysts Say appeared first on Crypto Breaking News.

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Bitcoin Price At $321,000 This Cycle? Analyst Says Its The Math

Crypto analyst Tony Severino has provided an ultra-bullish outlook for the Bitcoin price, predicting that the flagship crypto could rally to as high as $321,000. The analyst admitted that this target was too high for BTC but added that it was simply the math. Bitcoin Price To Reach $321,000 In This Market Cycle  In a substack post, Tony Severino predicted that the Bitcoin price could rally to as high as $321,000 in this bull run. This came as the analyst highlighted a potential head and shoulders pattern that had formed on Bitcoins chart. The analyst claimed that if this bullish pattern was valid, then it projects a maximum target of $321,000 per BTC. Related Reading: Bitcoin Price Aims For $150,000-$170,000 With Wave Formation, Here Are The Details Severino admitted that this price target for the Bitcoin price is too high but remarked that its the math. Interestingly, the crypto analyst went on to give a higher price prediction for the flagship crypto based on another bullish pattern. According to him, BTC could reach $345,000 if it touches the upper boundary of the primary uptrend channel over the last 8 years or thereabouts. Meanwhile, Severino also provided more conservative targets for the Bitcoin price. The analyst predicted that BTC could at least touch $158,000. This came as he noted that the 2021 cycle peak inverse Fibonacci extension could project the 2025 cycle peak. If so, he stated that this peak inverse Fib extension is located among the lowest estimates for BTC at $158,000.  The crypto analyst further remarked that another method of using the 1.618 Fib extension involves projecting the target from the peak of wave 3 from the bottom of wave 1. Based on this, he added that this calls for a potential target of $194,000.  Severino provided another version that projects the 1.618 Fib extension from the top of subwave iii of 5 to the bottom of subwave i of 5. If this plays out, BTC could reach a slightly lower target of $186,000. Lastly, the crypto analyst also raised the possibility of the Bitcoin price peaking at $191,000. He highlighted a bull pattern, which, if valid, could send BTC to this target.  BTCs Price Action In The Short Term Crypto analyst Ali Martinez provided insights into the Bitcoin price action in the short term. In an X post, he stated that the key support level for Bitcoin is at $97,877, where more than 101,000 BTC were accumulated. The analyst further remarked that holding above this level is crucial to sustaining the bullish momentum for the flagship crypto.  Related Reading: This Analyst Correctly Predicted The Bitcoin Price Crash To $99,000, Heres Whats Supposed To Happen Next In another X post, the crypto analyst provided a bullish outlook for the Bitcoin price. He noted that the number of BTC transactions over $100,000 has doubled in the past week, rising from $15,620 to $32,320.  At the time of writing, the Bitcoin price is trading at around $104,300, down almost 1% in the last 24 hours, according to data from CoinMarketCap. Featured image from Unsplash, chart from Tradingview.com

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Dogecoin Price To Breakout To $1.4? Analyst Reveals Critical Levels To Watch For A Pump Or Crash

The Dogecoin price is at a critical juncture as a crypto analyst has pinpointed key price levels that could dictate its next significant move upwards. With the number one meme coin currently trading above $0.34, the analyst predicts a breakout to $1.4 if bullish conditions stay favorable and a price crash to new lows if Dogecoin fails to reach a critical level.  Dogecoin Price: Will It Pump Or Crash? According to a TradingView crypto analyst known as Mindbloome-Trading, the Dogecoin price is on the verge of an exponential pump that will push its value above the coveted $1 mark. The crypto expert presented a video chart analysis, highlighting $0.46 as a crucial resistance level for Dogecoin. This price point aligns with the 0.382 Fibonacci level, which is often a significant barrier in technical analysis. Related Reading: Machine Learning Algorithm Predicts Dogecoin Price From January To December 2025 The TradingView market expert has suggested that if Dogecoin surpasses the $0.46 resistance level, it could ignite a rally that propels the meme coin to its next bullish target at $1.4. Such a move would likely be driven by increased demand and buying pressure from investors.  Conversely, the analyst shared a bearish outlook for Dogecoin. He indicated that if Dogecoin fails to maintain the support level at $0.3, the meme coin could be at risk of a severe decline. He predicts a DOGE price crash to a lower support level at $0.23, achieving new price lows not seen since 2024.  Falling back to the $0.23 level could send bearish signals to the market, potentially leading to increased selling pressure and more declines. The analyst has revealed that Dogecoin is currently in a support phase, and its next price movements could determine the direction of its future value.  While the TradingView crypto expert shares his bullish and bearish price forecast for Dogecoin, his detailed video chart shows Dogecoins price movements from 2020 to 2024, highlighting key peaks and troughs that indicate past volatility. The chart also pinpoints key support and resistance zones using Fibonacci extension and retracement levels to predict the meme coins next price level.  Whats Driving Dogecoins Current Trend?  The Dogecoin price is currently experiencing severe downside momentum despite multiple bullish forecasts suggesting an imminent rally. The major factors driving Dogecoins bullish sentiment in the crypto market are the recent inauguration of Donald Trump as the new President of the United States (US) and the influence of SpaceX and Tesla CEO Elon Musk, who has established the new Department of Government Efficiency (D.O.G.E) unit.  Related Reading: Can The Dogecoin Price Rally For 3 Months Straight? 2021 Bull Market Performance Says Yes Despite expectations of a bull run, Dogecoin has declined by 9.64% in one day to trade at $0.34, according to CoinMarketCap. Nevertheless, analysts on the popular X social media platform remain bullish, forecasting significant price increases in the future.  One notable prediction by crypto analyst and Dogecoin supporter David Butler suggests that the popular meme coin could rally by 100X to reach $34. While this projection may seem rather ambitious, the analyst is confident that a price increase to this level is inevitable. Featured image from Unsplash, chart from Tradingview.com

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