Ethereum recently hit $4,000, exciting some investors. But is the celebration premature? Let’s dive in. Profit-Taking and the $4,000 Hurdle After a long struggle, Ethereum finally broke through the $4,000 barrier on December 6th. While this is positive, some market signals suggest we might see a correction. Sell Signals Flashing A crypto analyst, ShayanBTC, points…
Ethereum (ETH) is making some serious moves, and analysts are buzzing about its potential. Let’s dive into what’s happening. Ethereum Breaks Through Resistance Ethereum has surged about 10% in the last week, jumping from around $3,500 to over $3,900. This is a key resistance level it hasn’t seen since early March. After briefly dipping below…
Ethereum’s price recently jumped above $3,800, a 5% increase in just 24 hours. This happened at the same time ETH started doing better against Bitcoin. Crypto analyst Benjamin Cowen thinks this is just the beginning of a much bigger Ethereum price increase against Bitcoin over the next 6-12 months. Analyzing the ETH/BTC Pair For a…
An analyst predicts a bright future for Ethereum (ETH), forecasting significant price increases based on a technical analysis pattern. The Ascending Channel Pattern The analyst, Ali Martinez, points to an “Ascending Channel” pattern on Ethereum’s weekly price chart. This pattern shows two parallel upward-sloping lines, where the price tends to bounce between them. The upper…
Ethereum is on the verge of something big: a “golden cross.” This technical indicator suggests a potential price surge. Let’s dive into what it means and what could happen next. What’s a Golden Cross? A golden cross happens when a shorter-term moving average (like the 50-day) crosses above a longer-term moving average (like the 200-day)….
Ethereum (ETH) is down a bit lately. After a brief price increase last week, it’s dropped 2.4% in the last 24 hours, trading around $3,577. That’s a 26.8% decrease from its all-time high of $4,878 in November 2021. But don’t worry, trading volume is still strong at $42.4 billion—a big jump from last month. Chart…
Ethereum’s price has been on a tear lately, topping $3,500 for the first time since July 2024. But is this party about to end? A Record High, But Is It Good News? One key indicator, Ethereum’s open interest (the total value of outstanding futures contracts), just hit a record $17 billion. Usually, a surge in…
Ethereum’s price is struggling. After a good run, it’s hitting a wall around $3,659. Let’s dive into what’s happening. What the Charts Are Saying The short-term picture (4-hour chart) isn’t pretty for Ethereum. It’s showing some serious bearish momentum, heading towards $3,360 and the 100-day Simple Moving Average (SMA). This SMA is a key support…
Ethereum’s open interest—a measure of outstanding derivative contracts—just hit a record high of roughly $16.8 billion. This massive jump has analysts predicting some serious price swings. What’s Open Interest, Anyway? Open interest basically tracks how many ETH derivative contracts are currently open across all major exchanges. Think of it as a gauge of how much…
Ethereum’s price is surging! After a strong week with almost a 10% increase, it’s breaking through major resistance levels. Talk of a new all-time high by year’s end is heating up. Even Ethereum futures trading is seeing a boost, showing traders are feeling pretty bullish. Is There More Room to Grow? Crypto analyst ShayanBTC has…
