Ethereum is on the verge of a big breakout, according to one analyst. A crypto expert on X (formerly Twitter), known as Trader Tardigrade, believes Ethereum could reach new all-time highs of around $10,000 if it breaks out of its current pattern. A Pattern of Success Trader Tardigrade points to a symmetrical triangle pattern in…
Leverage is on the rise in the Ethereum market, and that could mean big swings for the price. Leverage: A Risky Game The “Estimated Leverage Ratio” is a measure of how much risk traders are taking on in the Ethereum derivatives market. It compares the total amount of open derivatives positions (open interest) to the…
Ethereum is breaking out of a pattern that suggests a big price jump. Analysts have been watching Ethereum closely, and they’re excited about what they’re seeing. The Breakout Ethereum’s price has been stuck in a range for a while, but it recently broke out of a pattern called a “symmetrical triangle.” This pattern often means…
Ethereum (ETH) is currently trading above $2,600 after a slight dip from its recent high of around $2,750. Over the past couple of weeks, ETH has been steadily climbing, making investors optimistic about its future. A Bullish Breakout? A well-known analyst, Carl Runefelt, recently shared his technical analysis of Ethereum, suggesting that it has broken…
Ethereum is on a roll, starting the week strong after a surge last week. The price is currently pushing towards $2,800, a key resistance level. Analyst Sees a Bullish Pattern One crypto analyst, known as @IamCryptoWolf on X, believes Ethereum is poised for a significant breakout. They see an “inverse head and shoulders” pattern forming…
Ethereum is getting ready to make a big move, and analysts are excited! The price is currently hovering around a key resistance level, and if it breaks through, it could trigger a major surge. Ethereum’s Breakout Potential The crypto market is on a roll, and everyone’s hoping Ethereum will catch up to Bitcoin’s recent rally….
Ethereum has been on a roll lately, with its price climbing over 8% and breaking the $2,600 mark. But amidst this bullish run, some experts are raising eyebrows about what’s to come. A Big Deposit: What Does It Mean? A recent report showed that over 50,000 ETH (worth over $132 million) flowed into derivative exchanges….
Ethereum is on the verge of a big move. Bitcoin’s recent surge has everyone watching to see if Ethereum will follow suit. Some analysts are worried that ETH might fall behind this time, but recent price action is showing signs of strength. Ethereum’s Bullish Pattern A top analyst, Carl Runefelt, has spotted a bullish pattern…
Ethereum has been struggling lately, underperforming compared to other major cryptocurrencies. But there might be some good news coming. Open Interest is Rising A CryptoQuant analyst, Percival, has noticed a significant increase in Ethereum’s open interest. This means more investors are betting on Ethereum’s price going up. Percival believes this rise in open interest could…
Matt Hougan, the Chief Investment Officer (CIO) of Bitwise Asset Management, is making a bold prediction: Ethereum is the best “contrarian bet” in the crypto market right now. Why Ethereum? While Bitcoin is the OG cryptocurrency and newer blockchains are grabbing headlines with their speed and innovation, Ethereum is often overlooked. It’s considered the “middle…
